Tuesday, October 16, 2007

Grakon Tech Gets Private Equity Investment

Private equity firm Greenbriar Equity Group LLC announced Monday that it has invested in Seattle-based Grakon International Inc., a supplier of lighting systems for commercial vehicle manufacturers. The amount of Greenbriar's investment was not disclosed. However, Greenbriar noted that Justin Graham, Grakon's chief executive officer, and Drew Graham, Grakon's director of global program management, still retain a "substantial" interest in the company their family founded in 1977. Greenbriar said the Bank of Ireland and a fund managed by Oaktree Capital Management LP also invested in Grakon. Headquartered in Seattle, Grakon employ around 300 people in North America, Asia and Europe. Greenbriar is based in Rye, N.Y.