To position itself for continued long-term growth, custom precision optics and optical assemblies manufacturer JML Optical Industries Inc. of Rochester, N.Y., has been recapitalized by BB&T Capital Partners, Bob Bicksler and existing management. Joe Lobozzo, company founder, will remain a material shareholder and an adviser to the company. Bicksler will assume the role of CEO. Members of the management team will remain at the company in their current positions. BB&T Capital Partners of Winston-Salem, N.C., manages approximately $750 million in committed capital and is focused on supporting growing companies in the middle market.