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Press Releases
iRocket and Wilbur Ross-Backed BPGC Acquisition Corp. Announce a $400 Million Merger Letter of Intent
June 2, 2025
Innovative Rocket Technologies Inc. ("iRocket"), a reusable space rocket developer, and BPGC Acquisition Corp. ("BPGC"), a special purpose acquisition company sponsored by The Hon. Wilbur Ross, the 39th U.S. Secretary of Commerce with more than 55 years of private equity and investment banking experience, and BPGC Management LP, jointly announced today that they entered into a non-binding letter of intent for a proposed business combination. In connection with the closing of the contemplated transaction, the parties expect to apply to list iRocket on Nasdaq.
BPGC Management LP Buys Controlling Stake in PB Materials
January 1, 2025
A fund managed by BPGC Management LP ("BPG") announced today that it has acquired a controlling, substantial majority stake in PB Materials Holding, Inc. ("PBM"), a leading producer of construction aggregates and ready-mix concrete in the Permian Basin region, from certain funds managed by WL Ross & Co. LLC.
BroadPeak and Partners Acquire Controlling Interest in Stericare Solutions
January 14, 2023
BPGC Management LP ("BPGC"), Spinnaker International LLC ("Spinnaker") and R Investments (together the "Acquiror") has acquired a majority stake in Nurse Assist LLC, the maker of the Stericare Solutions ("Stericare") brand of medical water products.
BroadPeak Global Announces Change of Name; Rebranded as BPGC Management LP
January 14, 2022
BroadPeak Global LP today announced its rebranding to BPGC Management LP ("BPGC"), with the change of name effective immediately. The Firm was established in May 2020 by Co-Founders Stephen Toy and Nadim Qureshi, and includes Principals Ademola Adewale-Sadik and Nick Peterson.
BroadPeak Global-Led Consortium to Buy DuPont Clean Technologies
February 1, 2021
NEW YORK and WILMINGTON, Del. and CHICAGO and RIYADH, Saudi Arabia – An international private equity consortium consisting of BroadPeak Global LP ("BroadPeak Global"), Asia Green Fund ("AGF") and The Saudi Arabian Industrial Investments Company ("Dussur") (collectively, the "Group") announced today that they have signed a definitive agreement whereby the Group will purchase the Clean Technologies business of DuPont de Nemours, Inc. ("DuPont") (NYSE: DD) for $510 million in cash.
BroadPeak Global Debuts
November 23, 2020
NEW YORK – Mr. Stephen Toy, previously Founding Member and Co-Head of WL Ross & Co. LLC and Global Head of Private Equity at Invesco Private Capital; and Mr. Nadim Qureshi, previously Managing Partner and Head of Industrials and Chemicals at WL Ross & Co. LLC and Invesco Private Capital; have formed BroadPeak Global LP, an independent private equity firm dedicated to opportunistic buyouts and special situations transactions in the global industrials, materials and chemicals sectors.
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