Behrman Capital closes $250M secondary to back Shur-Co
What's the deal? Behrman CapitalDealroom has a profile for this one. Try Dealroom → has closed a $250 million continuation vehicle to support Shur-CoDealroom has a profile for this one. Try Dealroom →, a South Dakota-based maker of cargo covering, protection, and securement systems for the transportation industry.
Coller CapitalDealroom has a profile for this one. Try Dealroom → and Siguler Guff joined the deal, which was announced in July 2026. Shur-Co is led by chief executive officer Chad Heminover.
Why now? Continuation vehicles let private equity firms hold onto assets they know well while returning capital to earlier investors.
They have become a go-to tool as traditional exits, such as sales and IPOs, stay sluggish across the market.
What could go wrong? These structures can raise conflict-of-interest questions, since the same sponsor sits on both sides of the deal, setting the price and rolling the asset forward.
Investors betting on Shur-Co are also tied to the fortunes of the cyclical transportation sector.
The signal: Backing a mature company like Shur-Co through a continuation vehicle underscores how Behrman Capital is leaning on secondaries to hold onto assets it knows well, while the participation of specialists such as Coller Capital and Siguler Guff signals growing institutional appetite for these structures as conventional exits stay muted.
Read more: The Middle Market, Financial Times
Image credit: Generated with Gemini
