In 2004, Centre partially exited its stake when BumbleBee combined with Connor Bros. income trust through a reverse merger that saw the formers management take over the latter.
The BumbleBee investment is reflective of the broader style at Centre, which Pollack and Jaffe say focuses on middle-market opportunities where the firm can leverage its strengths to help business owners and management teams that may not want to run an auction process with 50 bidders getting involved.