Funding for the BARS Program Increased Through Investment by Sound Growth Partners

Sound Growth Partners (SGP), a private equity firm based in Seattle, has announced the completion of a majority recapitalization of BARS, a company specializing in in-store, ID check compliance services for convenience and grocery stores in the U.S. and Canada.

Founded in 1997, BARS has a mission-driven philosophy and provides high-quality service to tens of thousands of locations across the two countries. The company, based in Lakewood, CO, has been a trusted partner for many years, ensuring its customers serve consumers responsibly.

The recapitalization of BARS was carried out in partnership with David Gaudet, the managing director at BARS, and Richard Wright, who will continue in their roles post-transaction. Travis Steele, a Partner at SGP, expressed his excitement about the future at BARS, stating that the company's unique and valuable service aligns perfectly with SGP's investment strategy.

SGP invests in companies with $2 million to $15 million of EBITDA in the Consumer Products, Business Services, Distribution, and Light Manufacturing industries. The firm provides all the necessary capital to close a transaction, as demonstrated by the One-Stop Buyout structure used in the BARS deal. It's worth noting that SGP does not specify investment in any particular geographical location beyond the lower middle market.

Travis Steele and the SGP team look forward to working closely with David Gaudet and Richard Wright to support BARS' continued growth and expansion. The partnership aims to leverage BARS' strong market position and commitment to quality service to drive further success in the ID check compliance sector.

As BARS embarks on this new chapter, it remains dedicated to its mission of providing a vital service that helps convenience and grocery stores maintain compliance with ID checking regulations, ensuring a safe and responsible retail environment for consumers.

Funding for the BARS Program Increased Through Investment by Sound Growth Partners