| February 7, 2019 - 9:00 CST |
Year 12 Volume 2 Issue 5
|
|
|
Today's News and Transactions
|
|
After 27 Add-Ons, CI Exits Tech Air
CI Capital Partners has agreed to sell Tech Air to Airgas, a subsidiary of Paris-based Air Liquide. Tech Air is a packager and distributor of industrial, medical and specialty gases, welding equipment and supplies. The company has more than 45,000 customers that operate across a range of industries and operates through 50 branch and fill... Read More
|
CID Acquires Corvette America
CID Capital has acquired Corvette America, a manufacturer, distributor, and online seller of aftermarket restoration and performance products for Chevrolet Corvettes and Ford Mustangs. Corvette America specializes in interior components but also sells a complete line of parts, wheels and other accessories - the company has more than 24,000 SKUs - for every generation of... Read More
|
River Associates Buys Presco Polymers
River Associates Investments has acquired Presco Polymers in partnership with the company's management team. Presco Polymers is a manufacturer of commercial marking products including barricade tape, roll flagging, marking flags, and Krylon marking paint. In addition to its marking products, Presco also compounds and extrudes flexible vinyl film that is sold to other... Read More
|
BV Acquires Intelliteach from Dominus
BV Investment Partners has acquired Intelliteach, a provider of outsourced business services, from Dominus Capital. Intelliteach is a provider of outsourced services to law and accounting firms specializing in accounts receivable management, IT support, secretarial support, and training and education through its e-learning platform. Intelliteach, led by CEO Seelin Naidoo, is headquartered... Read More
|
Z Capital Begins Tooling Consolidation
Z Capital Partners has acquired Techniks Tool Group, a provider of tool holding and workholding products used in CNC machine applications for industrial end markets. Techniks Tool Group (TTG) was formed in April 2017 when Indianapolis, IN-based Techniks Industries acquired the tooling division of Fairport, NY-based Parlec. Today, TTG has more than 8,000 SKUs and... Read More
|
Comvest Adds B-Air to Lasko
Lasko, a portfolio company of Comvest Partners, has acquired Intertex (DBA B-Air). B-Air is a developer and supplier of air movers, dehumidifiers, air scrubbers, inflatable blowers, pet dryers and fans that are used in the commercial, industrial and retail sectors including for water and fire damage restoration, mold remediation, and janitorial... Read More
|
Big PE Merges Auto Repair Companies
Caliber Collision Centers and Abra Auto Body Repair of America have completed their merger which was announced in December 2018. With the transaction now closed, Hellman & Friedman - Abra's majority shareholder since 2014 - is now the majority shareholder of the combined company. Caliber's two largest shareholders, OMERS - which invested in Caliber in... Read More
|
Boss Industries Switches Sponsors
Wynnchurch Capital has acquired Boss Industries, a maker of compressed air power systems, from Strait Lane Capital Partners which acquired the company in July 2014. Boss Industries is a manufacturer of power take-off (PTO) rotary screw air compressor systems that are used to power tools that need constant air pressure (jackhammers) and... Read More
|
Hidden Harbor Closes Debut Fund
Hidden Harbor Capital Partners has closed its debut fund, Hidden Harbor Capital Partners I LP, at an above-target $265 million. Boca Raton-based Hidden Harbor was formed in May 2016 by John Caple, a former partner of Comvest Partners; David Block, the former CEO of Swiss Watch International, an e-commerce watch company... Read More
|
Benford Adds to Saco Foods
Saco Foods, a portfolio company of Benford Capital since December 2016, has acquired California Sun Dry Foods from Gary DeAtley and Bill Riley. California Sun Dry is a supplier of jarred and bagged shelf-stable sun-dried tomato products which are sold through supermarkets, mass retailers and club stores in the US and Canada. According to the... Read More
|
New Head of Tech at Advent
Advent International has hired Bryan Taylor as a managing partner to lead Advent's technology investment team. He will be based in the firm's new office in the San Francisco Bay Area which will be opened later this year. Most recently, Mr. Taylor was a partner and co-head of TPG Capital's technology group... Read More
|
Pritzker Adds Bun Maker to Food Platform
C.H. Guenther & Son, a portfolio company of Pritzker Private Capital, has acquired Wback GmbH. Wback is a supplier of hamburger and hotdog buns to quick-service restaurants and food retailers throughout Germany and surrounding countries across Europe. The company, led by Managing Director Matthias Geißler, has two facilities in Germany and is headquartered in... Read More
|
Stellex Closes Buy of Paragon Metals
Stellex Capital Management has acquired Paragon Metals, a maker of machined components used in the automotive, heavy truck and general industrial markets. Paragon Metals is a manufacturer of iron, aluminum, steel, and other light metal machined components and assemblies. The company's products are used in transmissions, drivelines, engines, chassis and other industrial applications... Read More
|
AEI Continues Belcan Build
Belcan, a portfolio company of AE Industrial Partners since June 2015, has acquired Sitec Design and Sitec Recruitment (together "Sitec"). Sitec is a provider of engineering services and technical recruitment services to aerospace, defense, nuclear, and industrial customers in the UK and Europe. Customers of the company include Airbus, BAE, Leonardo... Read More
|
TSG Consumer Closes Eighth Fund
TSG Consumer Partners has closed its eighth fund, TSG8 LP and TSG8 Parallel LP (the "Fund"), with an oversubscribed $4 billion of limited partner capital commitments. The new fund will continue the firm's investment strategy of building value by growing both well-established and earlier-stage businesses and brands in consumer industries... Read More
|
Vance Street Buys Applied Plastics
Vance Street Capital has acquired Applied Plastics, a provider of specialty coatings used in the medical device industry. Applied Plastics specializes in the application of polytetrafluoroethylene (PTFE) on wires and other metal-based components that are used in the medical device industry with a primary emphasis on the catheter market. The company applies its specialty coatings... Read More
|
Tender Corporation Switches Sponsors
Victor Capital Partners has acquired Tender Corporation, a maker of insect repellents, bite treatments, first aid kits and burn treatment products, from Prospect Partners which acquired the company in September 2008. Tender's recreational outdoor products include personal care, survival, and first aid products such as insect bite treatment After Bite; a line of insect repellents... Read More
|
Periscope Invests in Power Digital
Periscope Equity has invested in Power Digital Marketing, a technology-enabled digital marketing agency. Power Digital's services are used by local, regional and national brands to develop and execute cross-channel digital marketing campaigns that drive measurable customer acquisition and retention programs. The company's services include content development, social media... Read More
|
Graham Adds Cryogenic Experts to Acme
Acme Cryogenics, a portfolio company of Graham Partners, has acquired Cryogenic Experts. Graham Partners acquired Acme Cryogenics in April 2016 from Gladstone Investment Corporation. Acme Cryogenics is a manufacturer of products and a provider of field services used in the production, distribution, and storage of cryogenic liquids and industrial gases. Acme's customers operate... Read More
|
BV Acquires Nonprofit Fundraiser
BV Investment Partners has acquired a majority interest in RKD Group, a provider of fundraising and marketing services to the nonprofit sector. RKD Group services more than 260 nonprofit organizations, including hospitals, social service, health, disease research, animal welfare, and faith-based charities. The company utilizes a multichannel approach that leverages technology and data science to... Read More
|
Silver Oak Invests in Keystone Partners
Silver Oak Services Partners has acquired Keystone Partners, a provider of outplacement, career management, executive coaching, and leadership development services. Keystone's services are provided to a range of employees from entry-level to senior executives. The company operates through... Read More
|
Huron's Pueblo Closes Two Add-Ons
Huron Capital has added two new companies to its HVAC services platform, Pueblo Mechanical & Controls, with the buys of Newgaard Mechanical and CFM Mechanical. Huron launched Pueblo Mechanical in December 2017 in partnership with industry veteran Dan Bueschel. The company provides a full spectrum of HVAC replacement, retrofit and repair services primarily for... Read More
|
Renovo Hits Hard-Cap for Fund III
Renovo Capital has closed its third fund, Renovo Capital Fund III LP, at the hard-cap of $225 million. The firm's earlier fund closed in September 2014 with $132 million of capital commitments. Fundraising for Fund III began in September 2018 and it received support from both existing and new investors including pension programs, insurance companies, institutional asset managers... Read More
|
Clearview Merges Vineyard Companies
Wilson Orchard & Vineyard Supply (Wilson), a portfolio company of Clearview Capital, has merged with Oregon Vineyard Supply (OVS). Clearview Capital acquired Wilson in December 2016 through its third fund. The management teams of both Wilson and OVS remain as equity owners in the combined company alongside Clearview... Read More
|
Aterian Adds to Vander-Bend
Vander-Bend Manufacturing, a portfolio company of Aterian Investment Partners since May 2018, has acquired J.L. Haley Enterprises. J.L. Haley is a metal fabrication manufacturer that specializes in parts used primarily in medical device applications. The company's core capabilities include development, engineering, CNC machining, sheet metal fabrication, and assembly... Read More
|
Brown Brothers Harriman Sells KabaFusion
BBH Capital Partners (BBHCP) has sold its ownership interest in KabaFusion, a provider of acute and specialty home infusion services, to Pritzker Private Capital. BBHCP is a private equity fund sponsored by Brown Brothers Harriman & Co. KabaFusion operates seven fully accredited specialty pharmacies located in California, Florida, Illinois, Massachusetts, New Jersey, Pennsylvania and Texas... Read More
|
Arlington Buys Triumph's Fab Business
Arlington Capital Partners has agreed to acquire the fabrications business of publicly-traded Triumph Group. Triumph Fabrications consists of four companies that manufacture, coat, and assemble complex sheet metal components for fixed wing and rotorcraft platforms. In total, the four businesses generated revenues of approximately $150 million... Read More
|
|
