|
|
| February 12, 2018 |
Year 11 Volume 2 Issue 7
|
|
 |
Good afternoon -
Imperial Dade, one of the largest distributors of disposable food service and janitorial supplies and a portfolio company of
Audax Group, continues to grow via acquisition with the buy of
Sikes Paper & Chemical Supply, a distributor of sanitary products, equipment, and packaging serving the metropolitan Atlanta and North Georgia market areas. The buy of Sikes is the fifteenth acquisition for Imperial Dade since it was acquired by CEO
Robert Tillis and President
Jason Tillis in 2007. Audax made a growth equity investment in the company in January 2016. Our lead article today gives a complete listing of the acquisitions of Imperial Dade all the way back to May 2009.
A big read from Friday...
Summit Park
has moved into the online tree and shrub market with the buy of
Fast Growing Trees
(FGT). Customers can order from 900 varieties and have delivery within two days. The company has 11 shipping and growing locations throughout the US and makes its headquarters along with a 42-acre nursery in Fort Mill, SC (just south of Charlotte). The buy of FGT is Summit Park's sixth platform investment for its second fund which closed in May 2015 with $118 million of capital commitments.
Jim Johnson
led the transaction for Summit Park.
Have a great day everyone.
John P. McNulty
Publisher
Private Equity Professional
|
|
|
|
Today's News and Transactions
|
|
Audax's Imperial Dade Keeps Growing
|
Imperial Dade has acquired the assets of Sikes Paper & Chemical Supply, a distributor of sanitary products, equipment, and packaging serving the metropolitan Atlanta and North Georgia market areas. The buy of Sikes Paper is the fifteenth acquisition for Imperial Dade, a national distributor of disposable food service and janitorial supplies...Read More
|
|
|
H.I.G. Buys Wastequip from Centerbridge
|
H.I.G. Capital has agreed to acquire Wastequip from Centerbridge Partners. Centerbridge acquired Wastequip from Odyssey Investment Partners in June 2012 when the company was forced to restructure its debt. Wastequip is a manufacturer of waste handling equipment used to collect, store, transport, and manage a wide range of solid and liquid waste and...Read More
|
|
|
Brand & Oppenheimer Adds-On
|
Brand & Oppenheimer (B&O), a textile converter and a portfolio company of Praesidian Capital and Stone Creek Capital, has acquired General Fabrics. General Fabrics is a wholesale designer, packager, and distributor of printed textiles. The company's products are sold to quilting and crafting resellers and to other markets. General Fabrics was founded in 1951 by...Read More
|
|
|
Blue Wolf Acquires Petrosmith
|
Blue Wolf Capital Partners has acquired a majority interest in Petrosmith, a provider of production equipment and oilfield tubular goods to the domestic oil and gas industry. Petrosmith manufactures storage tanks (including oilfield storage tanks and wash tanks) and vessels (including heater treaters, separators and vapor recovery towers) used by large exploration and production...Read More
|
|
|
|
Important News You Might Have Missed
|
|
Summit Park Buys Fast Growing Trees
|
Summit Park has acquired Fast Growing Trees, a direct-to-consumer e-commerce retailer of trees and shrubs. Fast Growing Trees (FGT) sells more than 900 varieties of trees and shrubs through its two websites www.fast-growing-trees.com and www.brighterblooms.com. The company provides on-demand delivery and customers typically receive their order within two days. FGT is headquartered and...Read More
|
|
|
New Heritage Backs Flying Colours
|
New Heritage Capital has made an investment in Flying Colours, a provider of interior and exterior aircraft services. Family-owned Flying Colours provides aircraft completions and maintenance services for mid to large sized business aircraft. Its services include green aircraft completions (a green aircraft, in airline parlance, refers to a plane fresh from the factory which...Read More
|
|
|
Thompson and Onward Build Domaille
|
Domaille Engineering, a platform company of Thompson Street Capital Partners (TSCP) and Onward Capital, has acquired Tech Manufacturing. TSCP and Onward Capital acquired Domaille Engineering in November 2016. Tech Manufacturing specializes in CNC precision machining of complex 5-axis structural aerospace parts made of aluminum, steel, titanium, or other materials...Read More
|
|
|
Maxim Acquires Zenwise Health
|
Maxim Partners has acquired Zenwise Health, a developer and marketer of both human and pet health supplements. Zenwise Health sells its products under the Zenwise and Zesty Paws brands directly through its websites and also through a number of third-party e-commerce sites including Amazon.com, Chewy.com, iHerb.com, Jet.com...Read More
|
|
|
Cerberus to Buy Cyanco from Oaktree
|
Cerberus Capital Management has agreed to acquire Cyanco from Oaktree Capital which acquired the company in October 2008. Cyanco is the largest global producer of sodium cyanide, an important raw material input used in the gold and silver mining industry. Sodium cyanide is used in gold cyanidation, a hydrometallurgical technique for extracting gold from...Read More
|
|
|
Svoboda Takes Second Puff on Cigars
|
Svoboda Capital Partners has acquired Quality Importers Trading Company (QI), a wholesaler of cigar-related products. QI designs, imports, and wholesales company-branded and third-party branded cigar humidors, cigar accessories, custom cigar box packaging products, and other cigar-related accessories. The company's customers include retailers, distributors and manufacturers...Read More
|
|
|
Crestview Buys ATC Drivetrain From Marlin
|
Crestview Advisors has acquired ATC Drivetrain from Marlin Equity Partners which acquired the company in August 2012 from GENCO ATC. ATC Drivetrain (ATC) is a remanufacturer of transmissions, engines, battery packs and related components for light-, medium- and heavy-duty vehicles. The company's services include process and salvage engineering; warranty root cause analysis and...Read More
|
|
|
Rock Hill Acquires LeBlanc Marine
|
Rock Hill Capital Group has acquired LeBlanc Marine, a provider of marine construction, barge & tug services, and material offloading services along the Gulf Coast. LeBlanc Marine was founded in 2004 by its CEO Ben LeBlanc and began operations by providing barge cleaning and repair services as well as tug support from its primary facility...Read More
|
|
|
Platinum Buys WS Packaging
|
WS Packaging Group, a provider of labels and packaging, has been acquired by Platinum Equity. WS Packaging has been a portfolio company of J.W. Childs since 2006. WS Packaging is one of the largest domestic pressure sensitive label manufacturers. The company prints more than 45 billion pressure sensitive labels every year...Read More
|
|
|
Wellspring Acquires SupplyOne
|
Wellspring Capital Management has closed on its acquisition of SupplyOne, a distributor and converter of packaging products. SupplyOne is a manufacturer of corrugated products, plastic thermoforming trays and clamshells, and pressure-sensitive labels. The company also distributes a wide variety of packaging supplies, packaging equipment, safety products, and janitorial and sanitary supplies...Read More
|
|
|
Detroit-based Huron Capital has hired Scott Hauncher as a new partner and promoted long-time employees James Mahoney and David Reynolds to Senior Partners. "We believe the addition of Scott and promotions of Jim and David reflect the strength of Huron Capital's leadership and team, as well as our need for a deeper bench to lead our...Read More
|
|
|
Audax Buys Protective Industrial Products
|
Audax Private Equity has acquired Protective Industrial Products Global Holdings in partnership with the company's founding Milot and Tao families. Protective Industrial Products (PIP Global) is a provider of hand protection products and other consumable personal protective equipment (PPE). The company's products, which total more than 3500 SKUs, include hand and arm...Read More
|
|
|
Falfurrias Enters Automation Sector
|
Falfurrias Capital Partners has acquired E-Technologies Group (E-Tech), a provider of software and automation systems integration. E-Tech specializes in automation, information systems, machine safety, machine and process modeling, and system simulations for a variety of customers in the consumer packaged goods, pharmaceuticals, logistics, and food and beverage industries...Read More
|
|
|
Ares Acquires Convergint from KRG
|
Ares Management has acquired Convergint Technologies, a designer, installer, and servicer of electronic security, fire and life safety, and building automation systems, from KRG Capital. Convergint was founded in 2001 and has 3,400 employees in 80 locations throughout the US and Canada, Europe, Asia and Australia. The company, led by...Read More
|
|
|
Sterling Sells Safe Fleet to Oak Hill
|
The Sterling Group has sold Safe Fleet to Oak Hill Capital Partners. The buy of Safe Fleet is the seventh investment made by Oak Hill's most recent fund, Oak Hill Capital Partners IV LP, which closed in July 2017 with $2.65 billion of capital. Safe Fleet was formed in October 2013 when Sterling acquired both R*O*M Corporation and Specialty Manufacturing from Century Park Capital Partners...Read More
|
|
|
GTCR Acquires Resonetics from Sverica
|
Regatta Medical, a portfolio company of GTCR, has acquired Resonetics, a medical device contract manufacturing organization and a portfolio company of Sverica Capital Management. Sverica acquired Resonetics in October 2014 from Corporate Fuel Partners. Resonetics provides laser micro-machining manufacturing services for medical device and diagnostic companies...Read More
|
|
|
Charlesbank Buys Galls from CI Capital
|
Charlesbank Capital Partners has acquired Galls, a distributor of uniforms and equipment used in the public safety market, from CI Capital Partners. Galls was acquired by CI Capital Partners in September 2011. Galls is the largest distributor of uniforms and equipment to public safety personnel including police, fire, EMS, private security, corrections, federal/military, and postal workers...Read More
|
|
|
Industrial Growth Partners (IGP) has sold FMH Aerospace, a manufacturer of aerospace components and assemblies, to publicly-traded AMETEK for $235 million. IGP acquired FMH though its fourth fund in May 2015. FMH is a manufacturer of components and assemblies for the commercial aerospace, defense, and space industries. The company's products include metal bellows, bellow joints...Read More
|
|
|
Sterling Partners Adds to DBi
|
DBi Services, a portfolio company of Sterling Partners, has acquired HDR|ICA, a subsidiary of HDR. HDR, an engineering, architecture, environmental and consulting firm, acquired Infrastructure Corporation of America (ICA) in 2015 and formed HDR|ICA. HDR is headquartered in Omaha. ICA provides highway asset maintenance and management services to government agencies and...Read More
|
|
|
|
