Braun-Brumfield

NEW YORK—Private equity groups Bruckmann, Rosser, Sherrill & Co. and Jefferies Capital Partners have agreed to acquire the Sheridan Group from BancBoston Ventures and other shareholders in a deal valued at $142 million. The private equity firms will invest $44 million for a common and preferred equity stake in the Hunt Valley, MD-based company, according to a report from Moody's Investors Service. To finance the acquisition, Sheridan will issue $100 million of senior secured notes, which will be used in part to refinance $66 million of existing debt as of June. It will also receive a new $20 million working capital credit facility. Once the