October 6, 2019
Published by Private Equity Professional
Year 12 | Volume 10 | Issue 1
This week's top five transactions (free to read)
Highview and A&M Create Food Distribution Giant
Highview Capital and Alvarez & Marsal Capital Partners have formed GS Foods Group to acquire Gold Star Foods from Castle Harlan and merge the company with Good Source Solutions, a current portfolio company of Highview. Gold Star is a food distributor to K-12 schools in California, Arizona and Nevada. The company serves more than…  Read More
Palm Beach Builds C-Store Distributor
Palm Beach Capital has acquired Consumer Products Distributors LLC (DBA J. Polep Distribution Services) and Rachael’s Food LLC (collectively DBA J. Polep), a full-line wholesale distributor to the convenience and grocery store industry. Polep is a distributor of candy; snack items; fresh, frozen and refrigerated foods; cigarettes and cigars; and…  Read More
AEA Buys Disaster Recovery Specialist
AEA Investors has acquired BMS Enterprises, a national provider of disaster recovery services. BMS is the second-largest non-franchised provider of property restoration and reconstruction services to commercial and residential end markets in the United States. The company’s services include fire and water restoration, disaster recovery services, reconstruction…  Read More
Nautic Sells Window Maker
Nautic Partners has sold its portfolio company Custom Window Systems to Pella Corporation. Nautic acquired Custom in July 2014 from Highlander Partners. Custom Window Systems is a manufacturer of impact-resistant and non-impact, vinyl and aluminum, windows, doors, and porch enclosures. The company’s products are primarily used in the repair and remodeling markets in the single-family…  Read More
Kinderhook Acquires Copperweld from THL Credit
Kinderhook Industries has acquired Copperweld Bimetallics, a supplier of bimetallic wiring products, from THL Credit. Copperweld is the world’s largest manufacturer of bimetallic conductors and is the only domestic producer of copper-clad steel (CCS) and copper-clad aluminum (CCA) wire. The company’s products have greater durability, are lower weight, and have cost advantages over…  Read More
Five more recent popular articles (free to read)
Paine Schwartz Closes its Largest Fund
Paine Schwartz Partners has held a final closing of Paine Schwartz Food Chain Fund V LP with just over $1.4 billion of capital commitments. Fund V, which closed above target and at its hard cap, is the largest fund that Paine Schwartz has ever raised and counts as limited partners institutions from the US, Canada, Europe, Middle East and Asia…  Read More
HKW Closes Fifth Fund
Hammond, Kennedy, Whitney & Company (HKW) has held a final close of HKW Capital Partners V LP (HKW V) with total commitments of $365 million. Fundraising for HKW V began in September 2017 and it closed above its $350 million target. Limited partners in the new fund include institutional investors, insurance companies, state pension plans, family offices, high net worth…  Read More
Audax Adds Flat Ribbon Pioneer to TPC
TPC Wire & Cable (TPC), a portfolio company of Audax Private Equity, has acquired Cicoil, a manufacturer and distributor of flat cable and flat and round cable assemblies. Audax acquired TPC in May 2015 from Pfingsten Partners. Cicoil was founded in 1956 and invented the flat ribbon cable which was used in…  Read More
AEI Announces New Partners
AE Industrial Partners has promoted Jon Nemo to senior partner, and Charlie Compton, Kirk Konert and Peter Schumacher to partner. “Over the past six years, we have been focused on building an investment team and organization that is best-in-class,” said David Rowe, a managing partner... Read More
Tonka Bay Adds Thermometer Maker
Engineered Specialty Products (ESP), a portfolio company of Tonka Bay, has acquired Weksler Glass Thermometer. Tonka Bay acquired ESP in December 2012 through its third fund. Weksler Glass Thermometer is a provider of temperature and pressure instruments used…  Read More
Private Equity Professional has been serving the private equity industry since 2007 and is published by Sun Business Media, LLC. Questions or comments? Email our publisher John McNulty at John@peprofessional.com.