Transactions

Vance Street Forms Spectra, Looks to Consolidate C4ISR Sector

Vance Street Capital has formed Spectra A&D Holdings to acquire and merge three aerospace and defense technology companies. The three acquired businesses include Las Cruces, New Mexico-based Calculex; and Alpharetta, Georgia-based Argon Corporation and FDS Avionics. Together these companies design and manufacturer avionics and electronics that record, process, route, and display data used in aerospace…

Varsity Closes Fifth Probo Add-On

Probo Medical, a portfolio company of Varsity Healthcare Partners since October 2018, has acquired IMAX Medical. IMAX specializes in the sale, purchase, inspection, installation/de-installation, and transport of pre-owned medical diagnostic imaging equipment including ultrasound, X-Ray, CT and MRI systems. The company, led by CEO Simon Roussel, was founded by Patrick Roussel in 2012 and is…

After 37 Years, Yellow Wood Reunites Dr. Scholl’s

Scholl’s Wellness Company, a portfolio company of Yellow Wood Partners, has agreed to acquire the Scholl footcare brand (Scholl), which operates globally outside of the Americas, from consumer-goods company Reckitt Benckiser. The buy of Scholl will reunite the business with the Dr. Scholl’s brand after 37 years of separate ownership. Dr. Scholl’s is a footwear…

AEI Closes Seventh Buy for Redwire

Redwire, a portfolio company of AE Industrial Partners, has acquired Deployable Space Systems. Deployable Space Systems (DSS) is a provider of mechanisms, deployable structures, telescopic booms, and solar arrays used in satellite and space applications. DSS was co-founded by President Brian Spence and Vice President Steve White in 2008 and is headquartered near Santa Barbara…

MPE Begins Power Repair Platform

MPE Partners has acquired MSHS Group, a provider of MRO services to the marine and power generation sectors. MSHS Group operates through two business units; MSHS(Motor-Services Hugo Stamp), which specializes in reciprocating engine services and repairs for the maritime and stationary power industries. MSHS has offices in Florida, Louisiana, Maine, Virginia, and the Bahamas; and…

Southfield Builds ARC

American Refrigeration Company, a portfolio company of Southfield Capital, has acquired Capitol Engineering, a provider of HVAC services. Capitol Engineering’s services include system design, installation, monitoring, maintenance and repair. The company serves commercial and industrial customers throughout New England. Capitol Engineering was founded in 1937 by Clarence Chaisson and acquired by long-time employee John Frugard…

News

Goldman Takes Minority Stake in Arlington Capital

Goldman Takes Minority Stake in Arlington Capital

Goldman Sachs Asset Management (GSAM) has made a non-voting minority equity investment in Arlington Capital Partners. Arlington Capital was founded in 1999 and has completed over 90 acquisitions since its…

Brand Investor Prelude Growth Hits Hard Cap

Brand Investor Prelude Growth Hits Hard Cap

Prelude Growth Partners, an investor in consumer brands, has closed Prelude Growth Partners II LP at its hard cap of $250 million. The firm’s second fund was oversubscribed and was…

Grafine Continues Team Build

Grafine Continues Team Build

Grafine Partners has hired Julie Fisher as a new managing director. In her new position with Grafine, Ms. Fisher will focus primarily on business development and investor relations. Grafine sources,…

Praesidium Adds Business Development Pro

Praesidium Adds Business Development Pro

Praesidium has added Daniel McHale to its investment team as its new Director of Client Service and Business Development. Mr. McHale has more than 20 years of alternative investment and…

Wind Point Closes its Largest Fund

Wind Point Closes its Largest Fund

Wind Point Partners has held a hard-cap close of the firm’s ninth fund, Wind Point Partners IX LP, with approximately $1.5 billion in capital commitments. This is the largest fund…

Praesidian Names New Partner

Praesidian Names New Partner

Praesidian Capital has added a new partner to its investment team with the promotion of Tom Duffy. At Praesidian, Mr. Duffy has been active sourcing new investments, conducting due diligence,…

O2 Adds New Associate

O2 Adds New Associate

O2 Investment Partners has named Sam Wegenke as the firm’s newest associate. At O2, Mr. Wegenke will be actively evaluating new transactions, conducting due diligence, underwriting new investments, and working…

The Tide is High, But We’re Holding On

The Tide is High, But We’re Holding On

After being buffeted by two COVID-19 shocked quarters in the middle of 2020, middle-market M&A managed to ride the wave in the fourth quarter, closing with a burst of productive…

New Platform

MPE Begins Power Repair Platform

MPE Begins Power Repair Platform

MPE Partners has acquired MSHS Group, a provider of MRO services to the marine and power generation sectors. MSHS Group operates through two business units; MSHS(Motor-Services Hugo Stamp),…

ZMC Buys The Second City

ZMC Buys The Second City

ZMC has acquired The Second City, a provider of improvisation and sketch-based comedy entertainment and education. ZMC acquired Second City, led by President Steve Johnston, from co-owners Andrew…

Graycliff on the Rise with Buy of Ballymore

Graycliff on the Rise with Buy of Ballymore

Graycliff Partners has acquired Ballymore, a manufacturer of safety-centric equipment used by retailers, OEMs, and distribution customers, from Osage Partners. Ballymore was founded in by John Colgan in…

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