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| September 25, 2018 |
Year 11 Volume 9 Issue 13
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Good afternoon all -
Dominus Capital has added-on again to its
Masterbuilt outdoor cooking platform with the buy of
Kamado Joe, a Duluth, GA-based designer, marketer and distributor of kamado style ceramic grills, charcoal and accessories. My brother Pete, who is a grill master extraordinaire, tells me that ceramic grills are all the rage these days - if you're serious in your craft, you must have one. Masterbuilt's first add-on was back in September 2017 when it acquired
Smoke Hollow, a manufacturer of cooking products and accessories including gas, charcoal and pellet fired grills, and gas and electric smokers, from Neosho, MO-based
Outdoor Leisure Products. New York-based Dominus makes control equity investments in North American middle market companies that have at least $10 million of EBITDA. The firm was founded in 2008 by
Gary Binning,
Bob Haswell, and
Ashish Rughwani - all former Quad-C Management executives. For more see today's lead article.
Yesterday's big read... Congrats to
Larry Sorrel and the rest of the team at
Tailwind Capital on closing up the firm's third fund at an oversubscribed $1.8 billion. If you're keeping score, Tailwind's earlier fund closed with $1.05 billion of capital in June 2015 and its first fund was raised in 2009 with $775 million of capital. Tailwind invests from $25 million to $100 million of equity in middle-market companies that have enterprise values of up to $300 million and EBITDA from $10 million to $30 million. Sectors of interest include healthcare, business services, and industrial services.
Publisher
Private Equity Professional
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Today's News and Transactions
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Dominus Adds to Masterbuilt
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| Masterbuilt Manufacturing, a portfolio company of Dominus Capital, has acquired Premier Specialty Brands (DBA Kamado Joe). Kamado Joe is a designer, marketer and distributor of kamado style ceramic grills, charcoal and accessories. The company is headquartered near Atlanta in Duluth, GA. Kamado Joe's founders, Bobby Brennan and Kerry Coker, reinvested alongside Dominus...Read More |
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Francisco Partners Exits Crossmatch
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| Francisco Partners has sold its portfolio company Crossmatch to HID Global. Francisco Partners first invested in Crossmatch in July 2012. Crossmatch is a provider of biometric identity management and secure authentication services. The company has more than 5,000 customers worldwide and more than 250,000 products deployed in over 80 countries. Cross Match's customers include the...Read More |
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| VirTex Enterprises, a portfolio company of Insight Equity, has acquired PPI-Time Zero from Guardian Capital Partners. PPI-Time Zero was purchased by Guardian Capital from Saugatuck Capital in January 2011. Insight Equity acquired VirTex in October 2017. PPI-Time Zero (PPI) is a low-to-medium volume contract manufacturer of electronics components used in the aerospace and defense, medical...Read More |
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Apax Buys Authority Brands
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| Apax Partners has acquired Authority Brands, a North American franchisor of two home services brands, from Pittsburgh-based PNC Riverarch Capital. Authority Brands is the parent company of two home services franchisors: The Cleaning Authority, which provides residential cleaning services to over 100,000 customers across the US; and Homewatch CareGivers...Read More |
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Important News You Might Have Missed
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Tailwind Closes Oversubscribed Fund III
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Tailwind Capital has held a final closing of Tailwind Capital Partners III LP with $1.8 billion of commitments. The new fund exceeded its initial target and was oversubscribed. Fund III received commitments from existing and new investors, including pension funds, insurance companies, endowments and foundations..Read More
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Flexpoint Ford Invests in MobilityWorks
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Flexpoint Ford has acquired MobilityWorks, one of the nation's leading providers of wheelchair accessible vehicles, in partnership with the company's senior management team who will retain a significant ownership stake and continue to lead the company. MobilityWorks markets and manufactures adaptive vehicles and accessibility products including wheelchair...Read More
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Crane 1 Services, a portfolio company of Pfingsten Partners, has acquired Mt. Clemens Crane & Service, a provider of overhead crane services and equipment. Mt. Clemens Crane manufactures a wide range of cranes including overhead bridge cranes, fabricated girders, runways, jib cranes and gantry cranes. The company's services include...Read More
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Blackford Invests in Hall Research
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Blackford Capital has made an investment in Hall Research, a designer and manufacturer of A/V hardware and software. Hall Research's products facilitate the communication between A/V sources and A/V displays. The company's 22 different product lines and over 500 SKUs include video over CATx cabling, matrix switchers, scaling products, and automation products. Hall's products are...Read More
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Rothschild Closes New US Mid-Market Fund
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Rothschild Merchant Banking, the investment arm of Rothschild & Co, has held a final closing of Five Arrows Capital Partners (FACP or the Fund), its first corporate private equity vehicle in the United States. The new fund closed above target with total capital commitments in excess of $655 million...Read More
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Edgewater Acquires Pure Wafer
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Edgewater Capital Partners has acquired Wafer Holding Company (dba Pure Wafer). Pure Wafer is the largest US-based provider of silicon wafer reclaim services and supplies virgin silicon wafers, specialty thin film deposition products, and silicon parts services. Customers of the company include most of the world's largest semiconductor suppliers and equipment manufacturers. Pure Wafer, led...Read More
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Wynnchurch Building America II
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America II, a distributor of electronic components and a portfolio company of Wynnchurch Capital since October 2017, has acquired Advanced MP Technology. Advanced MP is a global distributor of electronic components and a provider of supply chain services. The company specializes in hard-to-find as well as mature and obsolete electronic components, all of which...Read More
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Hidden Harbor Closes on Fourth Platform
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Hidden Harbor Capital Partners has acquired sister companies Anchor Danly and AWC Manufacturing. Anchor Danly is an international manufacturer and distributor of die sets, components, steel plates, and metal fabrications that are used in the production of tools, dies, and molds for metalworking and plastics injection molding, machine bases, mining and construction equipment...Read More
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Center Rock Buys LINC, Closes Add-on
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Center Rock Capital Partners has acquired LINC Systems, a distributor of fastener, packaging and MRO tools and supplies. Center Rock invested in LINC out of its inaugural fund, Center Rock Capital Partners Fund I LP, which closed earlier this month at an oversubscribed $580 million of limited partner capital commitments. The firm began fundraising in...Read More
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Mason Wells Stays Active in Gaming
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Mason Wells has acquired Buffalo Games, a manufacturer, and marketer of jigsaw puzzles and board games, from the company's founders Paul and Eden Dedrick. Mason Wells partnered with CEO Nagendra Raina and other members of the company's management team on this transaction. According to Mason Wells, Buffalo Games is the largest manufacturer...Read More
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Abacus Backs Latest WestView Buy
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Abacus Finance Group was the Administrative Agent and Lead Arranger for $20 million in senior secured credit facilities to back the recapitalization of AccountabilIT by WestView Capital Partners. Abacus also made an equity co-investment to support the transaction. AccountabilIT is a provider of...Read More
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Grey Mountain Adds Associate
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Grey Mountain Partners has added Justin Lee to its investment team as a new Associate. Prior to joining the firm, Mr. Lee was an Associate in the healthcare group at Piper Jaffray, focusing on healthcare information technology and services.
He has his undergraduate degree in Economics and Business from Rhodes College..Read More |
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Brazos Exits BlackHawk Industrial
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Brazos Private Equity Partners has sold BlackHawk Industrial Distribution to Snow Phipps Group. BlackHawk Industrial Distribution was formed by Brazos in 2010 in partnership with Bill Scheller, the former CEO and President of ORS Nasco, a wholesale distributor of industrial supplies and a portfolio company of Brazos that was sold to...Read More
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Palo Duro Partners Up in Chemicals
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Palo Duro Capital has partnered with Mario Toukan to form CCR Specialty Chemicals in order to acquire Crowley Chemical and its subsidiary Rusmar. Crowley Chemical manufactures and distributes organic chemicals derived from petroleum derivatives and serves as a custom formulator of specialty aromatic oils bends used by compounders to extend aromatic polyurethanes, epoxy resins...Read More
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Graham Adds to Aviation Platform
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Desser, a portfolio company of Graham Partners, has acquired AOG Aviation Spares, LLC and Seginus, LLC (together AOG/Seginus). AOG/Seginus is a provider of component repair and overhaul services to the domestic and international aerospace industry and also produces replacement PMA (Parts Manufacturer Approval) parts that are sold to airline operators, repair stations, and...Read More
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Blue Wolf Sharpens Portfolio
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Blue Wolf Capital Partners has merged two of its portfolio companies - Pearl Technologies and TGW Holdings - to create Edge Industrial Technologies. Edge Industrial Technologies brings together a century-old, British family owned business and an American engineering and manufacturing company and it immediately becomes a leading provider of aftermarket consumables to the food processing...Read More
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NCK and Graycliff Acquire Graybill
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NCK Capital has acquired Graybill Processing, a food by-product recycling company. NCK Capital completed this transaction in partnership with Graycliff Partners which invested both subordinated debt and equity. Graybill provides collection services, by-product handling, and 24/7 regional logistics support to food waste streams. Through a proprietary process, Graybill converts candy, bakery and...Read More
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JMC Buys Phoenix Products
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JMC Capital Partners has acquired Phoenix Products, a manufacturer of rugged industrial lighting products. Phoenix's lighting products are used in a range of applications in ports, mines, marine, and other commercial and industrial markets. The company, which traces its roots back to 1892 when it was founded by George Wordingham, has a 68,000 sq. ft...Read More
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Founders Group Acquires MacDonald Meat
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Armand Agra, a portfolio company of Founders Group of Food Companies in partnership with the Flocchini family, has acquired MacDonald Meat Company. MacDonald Meat Company (Mac Meat) is a processor and distributor of meat products to the US Pacific Northwest and also exports its products to customers across the Pacific Rim. Mac Meat supplies a...Read More
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Applied-Cleveland Buys Third Add-On
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Applied-Cleveland, a portfolio company of First Reserve, has acquired the Inspection Business of STS Consulting Services. First Reserve acquired Applied-Cleveland in September 2016 from Nautic Partners. The Inspection Business of STS provides third-party inspection and integrity maintenance services for midstream oil and gas customers across North America. In addition to its third party inspection services...Read More
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Arbor Hungry for Private Label Petfood
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Arbor Investments has agreed to acquire Mars Petcare's US-based private label pet food products business (Exclusive Brands or EB). The agreement includes the division of Mars Petcare that produces private label pet food products for a variety of US customers through five manufacturing plants located in South Carolina, Ohio, Oklahoma (2) and...Read More
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