Promus Equity Partners Buys ProSteel Security

Promus Equity Partners LLC, the private equity arm of Promus Capital, has acquired ProSteel Security Products Inc. Terms of the deal were not released, though the firm said that senior debt was provided by US Bank. Provo, Utah-based ProSteel is a provider of gun safes marketed under the Browning ProSteel brand. Chicago-based Promus Equity has roughly $400 million under management.

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