| January 8, 2019 - 9:00 CST |
Year 12 Volume 1 Issue 4
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Today's News and Transactions
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Sycamore Goes Fishing
Sycamore Partners has completed its acquisition of Pure Fishing from Newell Brands. In a released statement, Newell Brands stated that gross proceeds from the Pure Fishing divestiture were $1.3 billion. Proceeds from the sale of Pure Fishing, along with the sale of yearbook and class ring seller Jostens to Platinum Equity, are part of... Read More
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Aterian Acquires U.S. Zinc
Aterian Investment Partners has acquired U.S. Zinc from Votorantim Group. U.S. Zinc is a producer of zinc oxide, zinc dust, and prime western grade (98% pure) zinc metal products used in the tire, chemical, coatings, and agriculture markets. The company, led by CEO Tracy Baugh, has production facilities in Clarksville, TN; Millington, TN... Read More
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Trive Invests in California Brazing
Trive Capital has made an investment in California Brazing, a contract maker of high-tolerance metal parts used in a range of applications. California Brazing specializes in CNC machining, metallic and ceramic vacuum brazing, and heat-treating services for both OEM and Tier 1 defense and communication customers. The company's products include satellite waveguides... Read More
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Riverside Completes Fourth Add-on for HSI
Health and Safety Institute (HSI), a portfolio company of The Riverside Company, has acquired EMS Safety Services (EMS). EMS is a provider of first aid and CPR training services to healthcare, fire, and law enforcement agencies; as well as large and small businesses, schools, universities, childcare centers, government agencies, community organizations and individual instructors... Read More
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WindRose Hits Hard Cap
WindRose Health Investors has closed its fifth fund, WindRose Health Investors V LP, with $705 million of capital commitments. The new fund was oversubscribed and closed at its hard cap. WindRose was formerly known as MTS Health Investors but rebranded in February 2018. The firm shares a common lineage with healthcare investment bank MTS Health Partners but the two businesses are independent and have... Read More
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Atlas Buys Saxco from Sterling
Atlas Buys Saxco from Sterling
Atlas Holdings has acquired Saxco International, a distributor of rigid packaging used in the wine, spirits, craft beer, and food markets, from The Sterling Group which acquired the company in 2010 through its third fund. Saxco's packaging products and services include glass, metal, and plastic containers, capsules, closures, custom packaging and mold development. The company's... Read More
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Argosy Adds to Olympia Chimney
Argosy Adds to Olympia Chimney
Olympia Chimney Supply, a portfolio company of Argosy Private Equity, has acquired Copperfield Chimney Supply, a distributor of hearth and chimney systems, from The Home Depot. Copperfield serves more than 5,500 customers including chimney professionals, hearth specialty retailers and... Read More
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Blue Point Acquires W.A. Kendall
Blue Point Capital Partners has acquired W.A. Kendall and Co., a provider of vegetation management services to utility companies in the Southeast United States. W.A. Kendall's services include tree trimming, mowing, line clearing, debris removal, and storm restoration. Demand for the company's services is largely driven by regulatory requirements and the necessity to routinely manage... Read More
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Strength Sells Inland Pipe to J. F. Lehman
Strength Capital Partners has sold Inland Pipe Rehabilitation to J.F. Lehman & Company. Inland Pipe Rehabilitation (IPR) is a provider of trenchless pipe rehabilitation services - which allow for the completion of underground repair or replacement projects with minimal surface and environmental disruption - to the municipal wastewater and stormwater markets. IPR's services provide its...Read More
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Platte River Adds Cutting Edge
In-Place Machining, a portfolio company of Platte River Equity since November 2016, has acquired Cutting Edge Services Corporation (CES). CES is a provider of outsourced industrial services specializing in diamond wire sawing, drilling and removal services. The company provides its services both on land and undersea and serves the nuclear, hydro, locks and dams...Read More
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Pfingsten Expands Packaging Platform
Oliver Printing & Packaging, a portfolio company of Pfingsten Partners since May 2016, has acquired DISC Graphics. DISC is a manufacturer of folding carton packaging, micro-fluted corrugated boxes and pressure sensitive labels that are used in the pharmaceutical, food and beverage, consumer products and health and beauty markets. The company is headquartered on...Read More
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Stellex Closes Second Morbark Add-On
Morbark, a portfolio company of Stellex Capital Management since March 2016, has acquired DENIS CIAMF, a maker of industrial brushcutters and mulchers. DENIS CIMAF specializes in the manufacture of brushcutter and mulcher attachments for excavators, skid steers, forestry tractors, graders and other types of heavy equipment...Read More
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Turnspire Buys Specialty Vehicle Group
Turnspire Capital Partners has formed Crane Carrier Holdings to acquire the specialty vehicle group of Hines Corporation, a manufacturer of heavy-duty truck chassis, complete vehicles and aftermarket parts. Crane Carrier's products are used in the work truck industry and include custom, severe-service chassis and purpose-built vehicles used in the refuse and recycling, infrastructure maintenance, ground...Read More
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Main Post Adds Infinite Packaging to Fortis
Fortis Solutions, a portfolio company of Main Post Partners, has acquired Infinite Packaging Group from Svoboda Capital. Infinite Packaging was formed in April 2015 when Svoboda Capital rebranded the operations of M.E.I. Labels (acquired as a platform in December 2012) and TVC Label (acquired by M.E.I. in June 2013). Today, Infinite Packaging is a...Read More
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Huron Closes First Pueblo Add-On
Huron Capital has added on to its HVAC services platform, Pueblo Mechanical & Controls, with the buy of Commercial Air, Inc. Commercial Air designs, installs and maintains air conditioning, refrigeration and heating systems for a range of customers that operate in the commercial office, hospitality, education, and transportation sectors...Read More
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Gridiron Closes Sale of QSI
Gridiron Capital has completed its sale of Quality Solutions, an asset-light facilities services provider, to publicly-traded Cushman & Wakefield. Gridiron acquired Quality Solutions in February 2012. Quality Solutions (QSI) provides on-demand facilities maintenance and other managed services to more than 110,000 locations by contracting with...Read More
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Greif to Acquire H.I.G.'s Caraustar
Publicly-traded Greif has agreed to acquire Caraustar Industries, a portfolio company of H.I.G. Capital, for $1.8 billion in cash. Today's article has all the detail on the valuation multiple for this transaction. Caraustar is one of North America's largest integrated manufacturers and converters of 100% recycled paperboard and converted paperboard products. Caraustar serves...Read More
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Warren Acquires StormTrap
Warren Equity Partners has acquired StormTrap, a provider of stormwater management products to the municipal, commercial, industrial, and residential markets. StormTrap designs and engineers precast concrete systems that store stormwater runoff in underground chambers before releasing it at a controlled rate or harvesting it for reuse. In addition, the company also...Read More
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Incline Buys Charter Industries
Incline Equity Partners has acquired Charter Industries, a supplier of PVC and veneer edgebanding, plastic and metal laminates, sheet veneer, and T-molding products used by specialty carpenters and furniture installers. Charter's edgebanding products are produced in a variety of colors, sizes and patterns and are sold as finishing products for...Read More
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Gryphon Adds to HEPACO
HEPACO, a portfolio company of Gryphon Investors since August 2016, has acquired Environmental Management Specialists, a provider of emergency response, remediation, and environmental services. Cleveland-based Environmental Management Specialists (EMS) has 185 employees and operates across 11 locations in Ohio, Indiana, Pennsylvania, and Kentucky. The company's services include emergency response, vacuum truck services, industrial cleaning...Read More
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Windjammer Buys Xantrex from Schneider
Mission Critical Electronics, a portfolio company of Windjammer Capital, has acquired the Xantrex division of Schneider Electric. Xantrex is a developer and manufacturer of power electronic products and systems used in the mobile power markets including commercial truck, recreational vehicle, marine, automotive, military and consumer markets. The company's products include inverters, inverter/chargers, battery chargers, backup...Read More
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Pamplona Invests in Latham Pool Products
Pamplona Capital Management has acquired a controlling interest in Latham Pool Products from Wynnchurch Capital, which will remain a significant investor in the company. This transaction values Latham Pool at $375 million. Pamplona's investment in Latham will be made from its $3.2 billion fifth...Read More
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Huron Adds to Drake Automotive
Drake Automotive Group, a portfolio company of Huron Capital, has acquired Addictive Desert Designs (ADD), a designer, manufacturer, and distributor of truck, SUV, and Jeep accessories for the off-road aftermarket. ADD's products include aftermarket suspension kits, off-road bumpers and other accessories for a range of truck models including those...Read More
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Ridgemont Closes Above Target
Ridgemont Equity Partners has held an oversubscribed final closing of Ridgemont Equity Partners III LP (REP III) with $1.65 billion in commitments. The new fund's original target had been $1.25 billion. Investors in REP III include returning investors combined with significant interest from new investors. The general partner also made a substantial commitment to the fund...Read More
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Incline Buys Caldwell & Gregory Again
Incline Equity Partners, for the second time, has acquired laundry services provider Caldwell & Gregory. Incline originally invested in the company in October 2008 and later sold the company to Carousel Capital in June 2013. Caldwell & Gregory (C&G) is a provider of laundry facility management services for customers in the university and...Read More
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Ancor Sells Simply Fresh to Sequel
Ancor Capital Partners has sold Simply Fresh Foods to Lakeview Farms, a portfolio company of Sequel Holdings. Ancor acquired Simply Fresh Foods (then Fresh Food Concepts, the name was changed in January 2015) in December 2010. Today, Simply Fresh Foods produces fresh, all-natural foods for segments of the refrigerated products market...Read More
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Graham Buys Giraffe Foods
Graham Partners has acquired Giraffe Foods, a private label manufacturer of food products. Giraffe's products include sauces & marinades, dips & dressings and hot pepper sauces for the retail and foodservice industries. The company's services include custom formulation, nutritional labeling, and custom packaging and Giraffe has capabilities in kosher and...Read More
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