Transactions

AEI’s American Pacific Keeps Rocketing

 American Pacific, a portfolio company of AE Industrial Partners (AEI), has made an investment in Frontier Aerospace. Frontier is a developer and maker of liquid propulsion rocket engines and attitude control systems used in defense, earth orbit and deep space applications, as well as lunar landers. Frontier’s propulsion systems are currently slated for two lunar…

After a Dozen Add-Ons, Incline Sells AFC to Bertram

Incline Equity Partners has sold AFC Industries to Bertram Capital. The buy of AFC is the fifth platform investment made through Bertram’s fourth fund. AFC distributes fasteners and other class C-parts – cable ties, fittings, springs, gaskets, hinges, keys, and latches – that are used by OEMs in their assembly operations. C-parts typically include low-priced…

J.F. Lehman Adds to Marine Platform

International Marine and Industrial Applicators (IMIA), a portfolio company of J.F. Lehman & Company, has acquired Main Industries. Main Industries provides surface preparation and coating services to the US Navy, US and foreign flag commercial vessels, and industrial customers. The company also provides scaffolding and environmental containment services. Employee-owned Main Industries was founded in 1976…

Rainier Partners Acquires Calpine Containers

Rainier Partners has acquired Calpine Containers, one of the West Coast’s largest packaging distributors serving the agriculture industry. Calpine’s product line is extensive and ranges from bags and boxes to pallets and strapping. The company has 11 locations in California and Arizona that serve more than 500 produce growers and marketers located in numerous West…

Clearspring’s Ambulance Platform Races Ahead

Demers Braun Ambulance, a portfolio company of Clearspring Capital Partners, has acquired Medix Specialty Vehicles. Demers Braun Ambulance traces its roots back to 1892 when it began making buggies, carriages, ambulances and hearses. Clearspring acquired Demers Ambulance in November 2016 in partnership with Caisse de dépôt et placement du Québec (CDPQ). In February 2018, Demers…

Pfingsten Closes Third Add-On for Full Spectrum

Full Spectrum Group, a portfolio company of Pfingsten Partners, has acquired Analytical Maintenance Services. Full Spectrum (FSG) is a provider of repair, maintenance, and validation services for laboratory instrumentation. Validation ensures that a product, service, or system meets requirements and specifications and is a required component of ISO 9000 certification. FSG offers service contracts, preventative…

News

NexPhase Hits Hard Cap

NexPhase Hits Hard Cap

NexPhase Capital has closed NexPhase Capital Fund IV LP (NPC IV) at its hard cap of $544 million. NexPhase was formed in 2016 by former principals of Moelis Capital Partners,…

Brightstar Closes Fund II at Hard Cap

Brightstar Closes Fund II at Hard Cap

Brightstar Capital Partners has closed its second fund, Brightstar Capital Partners Fund II LP, at its hard cap of just over $1.25 billion. Fund II had originally targeted $1.0 billion.…

Crosspoint Raises Debut Fund

Crosspoint Raises Debut Fund

Crosspoint Capital has closed its debut fund, Crosspoint Capital Fund I LP, above its $1.0 billion target with $1.3 billion of capital. Crosspoint is an investor in the cybersecurity, privacy…

Summit Park Adds New VP

Summit Park Adds New VP

Summit Park has added to its investment team with the hiring of Alex Sarkisian as a vice president. Mr. Sarkisian will be active at Summit Park sourcing and evaluating new…

Abacus Backs LifeSpan Bios with Debt and Equity

Abacus Backs LifeSpan Bios with Debt and Equity

Abacus Finance Group has backed the recapitalization of LifeSpan Biosciences, a portfolio company of Thompson Street Capital Partners (TSCP). In addition to providing senior debt financing, Abacus also made an…

Being There

Being There

By Andy Greenberg Greenberg Variations Capital and GF Data® Topic A in the M&A business – like every other business right now – is the extent to which virtual meetings…

CenterOak Hits Hard Cap

CenterOak Hits Hard Cap

CenterOak Partners has closed its second fund, CenterOak Equity Fund II LP, with capital commitments of $690 million. The new fund was oversubscribed, closed above its $575 million target, and…

Riverside Forms FlavorSum

Riverside Forms FlavorSum

The Riverside Company has formed FlavorSum as a holding company to consolidate its investments in National Flavors, Bonnie & Don Flavours, and GSB Flavor Creators. Riverside acquired National Flavors in…

New Platform

Rainier Partners Acquires Calpine Containers

Rainier Partners Acquires Calpine Containers

Rainier Partners has acquired Calpine Containers, one of the West Coast’s largest packaging distributors serving the agriculture industry. Calpine’s product line is extensive and ranges from bags and…

TZP Invests in Kindred Bravely

TZP Invests in Kindred Bravely

TZP Group has acquired a majority equity interest in Akerson Enterprises (DBA Kindred Bravely) a provider of maternity apparel. Kindred Bravely is a direct-to-consumer and digital brand that…

Branford Castle Buys Lie Detector Maker

Branford Castle Buys Lie Detector Maker

Branford Castle has acquired Lafayette Instrument, a maker of polygraph equipment and other scientific instruments. Lafayette’s polygraph products were first introduced in 1972 and include software and algorithms,…

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Live Cat Bounce

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