Transactions

Audax Closes Sale of Gabriel at 11x

Audax Private Equity has closed its December-announced sale of Gabriel Performance Products to publicly traded Huntsman Corporation for $250 million in cash. Akron-headquartered Gabriel is a maker of specialty additives and epoxy curing agents used in the coatings, adhesives, sealants and composite end-markets. Gabriel, led by CEO Seth Tomasch, operates three manufacturing facilities in Ohio,…

Jon-Don Switches Sponsors

Incline Equity Partners has acquired Jon-Don, a distributor of commercial and industrial cleaning supplies and equipment, from Trivest Partners. Jon-Don’s products are used by its more than 80,000 customers for concrete surface preparation and polishing, water and fire restoration, carpet cleaning, janitorial sanitation and safety. The company maintains more than 15,000 SKU’s of supplies and…

Huron Forms Infrastructure Services Platform

Huron Capital has acquired Sunland Asphalt & Construction, an asphalt producer and paving services provider. Sunland’s service capabilities include asphalt repairs, crack sealing, sealcoating, milling, pulverizing, reconstruction, paving, striping, earthwork and grading. Sunland was founded in 1979 by CEO Doug DeClusin and is headquartered in Phoenix.  The company also owns and operates several hot-mix asphalt…

Inverness Graham Zooms In On Microscopy

Inverness Graham has acquired a new platform in the life sciences manufacturing and distribution market with the acquisition of Electron Microscopy Sciences (EMS). EMS manufactures and distributes lab consumable products and equipment – including chemicals, supplies, and accessories – used in electron and light microscopy, histology, general research, and ancillary lab research markets.  Microscopy is…

Arcline Forms Quantic to House Electronics Components Makers

Arcline Investment Management has formed Quantic as a new platform company in the high-value and mission-critical electronics components sector. The formation of Quantic was announced in tandem with Arcline’s buy of TRM Microwave, a New Hampshire-based maker of radio frequency (RF) and microwave components, integrated assemblies and subsystems used in the military, space and commercial…

Pfingsten Assembles Cabinet Maker

Kith Kitchens, a portfolio company of Pfingsten Partners, has acquired Mouser Custom Cabinetry, a maker of semi-custom and custom kitchen and bath cabinetry. Mouser’s framed and frameless cabinets are made from a variety of wood species – including alder, cherry, hickory, maple, red and white oak, and walnut – and are available in a wide…

News

Audax Closes First Ever Secondary Fund

Audax Closes First Ever Secondary Fund

Audax Private Equity has closed its first general partner-led secondary fund (“Continuation Fund”) with $1.7 billion in capital commitments. Capital from the Continuation Fund was used to purchase portfolio companies…

New Mountain Closes on $10 Billion

New Mountain Closes on $10 Billion

New Mountain Capital has closed two new private equity funds with $10.2 billion in total capital commitments. The two funds include its flagship fund, New Mountain Partners VI LP (“Fund…

Sheridan Hits Fund II Hardcap

Sheridan Hits Fund II Hardcap

Sheridan Capital Partners has held an oversubscribed and hard cap closing of its second fund, Sheridan Capital Partners Fund II LP, with $300 million in limited partner commitments. The firm’s…

Silver Lake Banks New $20 Billion

Silver Lake Banks New $20 Billion

Silver Lake, an active investor in the technology sector, has closed its latest fund, Silver Lake Partners VI LP, with $20 billion of capital. The new fund reached its hard…

O2 Closes Fund III

O2 Closes Fund III

O2 Investment Partners has held a final closing of O2 Investment Partners Fund III LP with $270 million in capital commitments. O2’s new fund received strong support from numerous institutional…

Neuberger Berman Closes Fourth Co-Investment Fund

Neuberger Berman Closes Fourth Co-Investment Fund

Investment manager Neuberger Berman has held an above target and final closing of NB Strategic Co-Investment Partners IV LP (Fund IV) with just over $2.1 billion of commitments. Limited partners…

M/C Names New Partners

M/C Names New Partners

M/C Partners has named three new partners with the promotions of Ryan Carr, Abhishek (AB) Rampuria and Julia Senior. The firm has also promoted Arvind Viswanathan to senior associate. “Ryan,…

Abacus Begins 2021 with Three Promotions

Abacus Begins 2021 with Three Promotions

Abacus Finance Group has announced the promotions of Joseph Lee to senior associate, and Jacob Wise and Austin Rendell to associate. “We begin 2021 celebrating Abacus’s tenth anniversary. As the…

New Platform

Jon-Don Switches Sponsors

Jon-Don Switches Sponsors

Incline Equity Partners has acquired Jon-Don, a distributor of commercial and industrial cleaning supplies and equipment, from Trivest Partners. Jon-Don’s products are used by its more than 80,000…

Huron Forms Infrastructure Services Platform

Huron Forms Infrastructure Services Platform

Huron Capital has acquired Sunland Asphalt & Construction, an asphalt producer and paving services provider. Sunland’s service capabilities include asphalt repairs, crack sealing, sealcoating, milling, pulverizing, reconstruction, paving,…

Inverness Graham Zooms In On Microscopy

Inverness Graham Zooms In On Microscopy

Inverness Graham has acquired a new platform in the life sciences manufacturing and distribution market with the acquisition of Electron Microscopy Sciences (EMS). EMS manufactures and distributes lab…

Hanover Backs Plastic-To-Aluminum Shift

Hanover Backs Plastic-To-Aluminum Shift

Hanover Partners has acquired Ska Fabricating (Sky Fab), a maker of specialty packaging equipment. Ska Fab designs, manufactures, and distributes packaging equipment that is used predominantly in beverage…

Exit

Incline Exits Lynx Franchising

Incline Exits Lynx Franchising

Incline Equity Partners has sold LYNX Franchising, a multi-brand provider of business-to-business commercial services, to MidOcean Partners. Incline…

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O2 Closes Fund III

O2 Closes Fund III

Live Cat Bounce

Live Cat Bounce