Behrman Capital has closed a $250 million continuation fund for Shurco, a Yankton, South Dakota-based manufacturer of cargo covering and control systems. The fund will support ongoing investments in the transportation equipment company that Behrman acquired in 2021. Coller Capital leads the continuation vehicle with additional commitments from Northleaf Capital Partners and Siguler Guff.

Shurco produces cargo covering solutions and related accessories for commercial vehicle operators nationwide. The company's equipment helps secure and protect freight during transportation, serving a critical niche in the commercial vehicle market. CEO Chad Heminover continues to lead the business following the 2021 acquisition, maintaining operational continuity for the transportation equipment portfolio.

This continuation fund arrangement allows Behrman to maintain its stake in Shurco while providing liquidity to earlier investors. The structure reflects growing private equity interest in extending holds on portfolio companies with strong fundamentals. For Shurco, the capital injection supports growth initiatives in the commercial vehicle equipment market.

The deal demonstrates how private equity firms are using continuation vehicles to extend investments in companies showing resilience in specialized industrial sectors.