Transactions

Trachte Switches Sponsors

MPE Partners has sold a majority equity interest in Trachte USA, a manufacturer of preassembled and modularized control buildings, to Palladium Equity Partners. Trachte’s buildings are used by utilities to house electrical components that control and protect electrical infrastructure, such as transmission and distribution substations. Beyond the utilities’ market, Trachte buildings are used in industrial…

KKR Buys 1-800 Contacts from AEA

KKR has agreed to acquire 1-800 Contacts, a portfolio company of AEA Investors and Thomas H. Lee Partners. According to 1-800 Contacts, it is the largest retailer of contact lenses in the US and has served more than 20 million customers over the past 25 years. Company-owned brands include Liingo Eyewear, 6over6, Boomerang, and Premium…

KPS Closes Buy of Briggs & Stratton

KPS Capital Partners has closed its buy of small engine manufacturer Briggs & Stratton, including the equity of foreign subsidiaries, for approximately $550 million. On July 20th, Briggs & Stratton voluntarily filed for Chapter 11 bankruptcy protection to allow the company and its creditors to work out a reorganization plan. At that time, KPS was…

Pamlico Buys ISAAC Instruments

Pamlico Capital has acquired ISAAC Instruments in partnership with the company’s founders. ISAAC Instruments designs and manufactures automated telemetry and video equipment that is used by truck fleets to monitor both drivers and trucks to improve performance, productivity, compliance, and safety. Isaac, named after Sir Isaac Newton, was founded in 1999 and is headquartered near…

HCI Builds on its Cabinet Platform

Wellborn Forest, a portfolio company of HCI Equity Partners, has acquired De Pere Cabinet. Wellborn Forest is a designer and manufacturer of semi-custom wood kitchen and bath cabinets primarily for single-family residences. The company uses an independent sales force to market its products to kitchen and bath cabinet dealers primarily located in the southeastern and…

Peak Rock Still Hungry

Peak Rock Capital has acquired Halo Foods, a manufacturer of bars and snacks, in partnership with the company’s management team. Halo was acquired from Nimbus, a Dutch private equity firm. Halo’s products include cereal bars, fruit and nut bars, gluten-free, high protein, and nutritionally controlled bars. The company’s products are sold to a range of…

News

Family Office Focused L Squared Closes Fund III

Family Office Focused L Squared Closes Fund III

L Squared Capital Partners has closed its oversubscribed third fund, L Squared Capital Partners III LLC, with just over $500 million of capital. The new fund was supported by the…

Blue Sage Closes Fund III, Two Platforms Acquired

Blue Sage Closes Fund III, Two Platforms Acquired

Blue Sage Capital has held a final, oversubscribed, and above target closing of its third fund, Blue Sage Capital III LP, with capital of $300 million. Blue Sage’s earlier fund…

Financial Sponsor Pro Joins BGL

Financial Sponsor Pro Joins BGL

Brown Gibbons Lang & Company (BGL) has hired Heather Mosbacher Reiner as a managing director in the firm’s financial sponsor coverage group. Ms. Reiner will be based in New York…

Houlihan Lokey Expands Industrials Group

Houlihan Lokey Expands Industrials Group

Houlihan Lokey (HL) has hired Richard Hoh as a managing director in its industrials group. Mr. Hoh will be part of the firm’s industrial technology subsector team, focusing primarily on…

Stephens Promotes Two to Senior Associate

Stephens Promotes Two to Senior Associate

The Stephens Group has promoted Rob Dickinson and Jens Talbert to Senior Associate. “We are pleased to recognize Jens’ and Rob’s hard work and efforts with promotions,” said Witt Stephens,…

Compass Hires Katie Melzer

Compass Hires Katie Melzer

Compass Diversified has hired Katie Melzer as a managing director and head of business development. Prior to joining Compass Diversified (CODI), Ms. Melzer spent more than 15 years at Robert…

Now We Know Some Stuff

Now We Know Some Stuff

By Andy Greenberg, CEO GF Data and Greenberg Variations Capital —– Back in April, I wrote a commentary titled “Nobody Knows Anything” that described the immediate challenges facing the M&A…

Stellex Closes Big Fund, Opens New Office

Stellex Closes Big Fund, Opens New Office

Stellex Capital Management has closed Stellex Capital Partners II LP with total commitments of more than $1.77 billion and exceeding the fund’s original $1.25 billion target. Stellex closed its debut…

New Platform

Trachte Switches Sponsors

Trachte Switches Sponsors

MPE Partners has sold a majority equity interest in Trachte USA, a manufacturer of preassembled and modularized control buildings, to Palladium Equity Partners. Trachte’s buildings are used by…

KKR Buys 1-800 Contacts from AEA

KKR Buys 1-800 Contacts from AEA

KKR has agreed to acquire 1-800 Contacts, a portfolio company of AEA Investors and Thomas H. Lee Partners. According to 1-800 Contacts, it is the largest retailer of…

KPS Closes Buy of Briggs & Stratton

KPS Closes Buy of Briggs & Stratton

KPS Capital Partners has closed its buy of small engine manufacturer Briggs & Stratton, including the equity of foreign subsidiaries, for approximately $550 million. On July 20th, Briggs…

Pamlico Buys ISAAC Instruments

Pamlico Buys ISAAC Instruments

Pamlico Capital has acquired ISAAC Instruments in partnership with the company’s founders. ISAAC Instruments designs and manufactures automated telemetry and video equipment that is used by truck fleets…

Peak Rock Still Hungry

Peak Rock Still Hungry

Peak Rock Capital has acquired Halo Foods, a manufacturer of bars and snacks, in partnership with the company’s management team. Halo was acquired from Nimbus, a Dutch private…

Exit

Sonny’s Switches Sponsors

Sonny’s Switches Sponsors

Genstar has acquired Sonny’s Enterprises, a manufacturer of car wash equipment and supplies, from Sentinel Capital Partners. Sonny’s…

Transom Hits Grand Slam

Transom Hits Grand Slam

After a mere 14-month hold, Transom Capital has sold its portfolio company Pelco to Motorola Solutions. Pelco is…

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McCarthy Beats Target

McCarthy Beats Target

Pets a Good Bet

Pets a Good Bet