NEW FUNDS
Insignia Hard Caps Fund III
Insignia Capital Group has closed its third fund, Insignia Capital Partners III LP, with over $500 million in capital commitments. The new fund surpassed its $375 million target and closed
Integrum Soars to Close on Fund II
Integrum Holdings has completed the final close of its second flagship vehicle, Integrum Capital Partners II LP, with total capital commitments of $2.5 billion. The new fund closed above its original
Abacus Holds Final Close for Inaugural SBIC Fund
Abacus Finance Group has held a final and oversubscribed close of its first Small Business Investment Company vehicle, Abacus Finance SBIC Fund I LP (Fund I), with $262.5 million in
Diversis Hard Caps Third Fund at $1.2 Billion
Diversis Capital has held an above-target and hard-cap close of its third fund, Diversis Capital Partners III LP, with more than $1.2 billion in total commitments. Fund III limited partners
Plexus Reloads with $1.3 Billion in New Capital
Plexus Capital has held an above-target close of over $1.3 billion across two investment vehicles—Plexus Fund VII LP (Fund VII) and Plexus Equity Fund II LP (Equity Fund II). Fund
Gemspring Quickly Closes Second Growth Fund
Gemspring Capital Management has closed its second non-control investment vehicle, Gemspring Growth Solutions Fund II LP (GGS II), with $1.1 billion in limited partner commitments. The new fund closed at
Crux Closes Inaugural Fund at $340 Million
Crux Capital, a Dallas-based private equity firm targeting the lower-middle market, has closed its debut institutional fund, Crux Capital Fund I LP (Fund I), with over $340 million in commitments.
Aurora Closes Fund VII at $2.1 Billion
Aurora Capital Partners has closed Aurora Equity Partners VII LP with just more than $2.1 billion in above-target capital commitments. Limited partners in Fund VII include both longstanding and new
NEW PLATFORMS
Cool Deal: Arsenal Acquires Sonoco’s ThermoSafe Unit for $725 million
Arsenal Capital Partners has closed its acquisition of the ThermoSafe business of publicly traded Sonoco Products Company for $725 million—$650 million in cash at close, along with up to $75 million in additional consideration based
SK Capital Closes Carve Out of LISI’s Medical Division
SK Capital Partners has closed its buy of the medical division of LISI Group and has rebranded the newly independent company as Precera Medical. LISI Group has retained a minority stake in the business in
Big Rig? Big Repair? Call Tricor’s Big Country
Tricor Pacific Capital has acquired Big Country Equipment Repair, a provider of heavy equipment maintenance and repair services. Big Country’s services include on-site diagnostics, mechanical repairs, and preventative maintenance performed by a team of mechanics, welders, machinists, electricians, and fuel and
Palm Peak Sees the Light
Palm Peak Capital has closed on the acquisition of its second platform investment this year with the purchase of Domaille Engineering in a carve-out transaction from ADDMAN Engineering. Domaille designs and manufactures equipment and tooling
NEWS
NEW EXITS
MiddleGround Sells Lindsay Precast to TJC
MiddleGround Capital has agreed to sell its portfolio company Lindsay Precast, a manufacturer of precast concrete and fabricated steel infrastructure products, to TJC. Lindsay Precast manufactures precast concrete and fabricated steel infrastructure products used in
Renovo Sells Rochester Sensors to Publicly Traded Amphenol
Renovo Capital has sold Rochester Sensors to publicly traded Amphenol Corporation. Rochester Sensors designs and manufactures liquid level sensors and gauges used in industrial, commercial, and OEM applications. The company’s product portfolio includes float-activated sensors,
TJC Closes Sale of Anchor Packaging to Georgia Pacific
TJC (formerly The Jordan Company) has completed the sale of Anchor Packaging to Georgia Pacific. TJC acquired Anchor Packaging in July 2019 in partnership with the founding Hermann family. Anchor Packaging manufactures rigid food containers
NEW ADD ONS
A New Link in the Chain: MPE’s Webster Buys Renold for $254 Million
Webster Industries, a portfolio company of MPE Partners, has acquired publicly traded Renold, a manufacturer of industrial chain and torque transmission products used in material handling and power transmission applications, at an enterprise
Granite Creek and Canterbury Expand Cutting Tools Platform
Peak Toolworks, a subsidiary of DBW Holdings, a portfolio company jointly owned by Granite Creek Capital Partners and Canterbury Ventures, has acquired Southern Carbide, a provider of industrial tooling and sharpening services. DBW
FEATURED TRANSACTIONS
No Holes in this Deal: Swander Pace Acquires Maple Donuts
Swander Pace Capital has acquired Maple Donuts, a manufacturer of frozen bakery products. Co-investing in the acquisition were Partners Capital and Constitution Capital Partners. Maple Donuts specializes in private label donuts for retail
Paceline Acquires Everflow
Everflow Supplies, a distributor of plumbing, electrical, fire control, and industrial products, has been acquired by Paceline Equity Partners. Everflow is a national master distributor of more than 20,000 SKUs of fittings, valves,
Gemspring Carves Out Goodyear Chemical for $650 Million
Gemspring Capital Management has agreed to acquire Goodyear Chemical, the polymer chemicals division of publicly traded Goodyear Tire & Rubber Company, for $650 million in cash. Akron-headquartered Goodyear Chemical is a producer of
Odyssey’s PIP Acquires Honeywell’s PPE Business
Protective Industrial Products (PIP), a portfolio company of Odyssey Investment Partners, has finalized its $1.3 billion acquisition of the personal protective equipment (PPE) division of publicly traded Honeywell. Odyssey previously acquired PIP from
Full Speed Ahead for GI Partners’ New Insurance Platform
GI Partners has launched a new Managing General Agency (MGA) platform in partnership with insurance executives Brad Emmons and Brian Hanuschak. MGAs are a specialized type of insurance firm that works on behalf of insurance companies but has more authority than a typical insurance broker. MGAs can handle key functions like evaluating risk, setting prices, approving policies, and sometimes even managing claims. MGAs are often used in specialized areas of insurance where knowledge of a specific market is important. For
Aurora’s Lubrication Engineers Quickly Closes Second Add-On Acquisition
Lubrication Engineers, a portfolio company of Aurora Capital Partners, has acquired RSC Bio Solutions. RSC Bio Solutions develops and supplies high-performance, environmentally acceptable lubricants (EALs) used in marine and industrial applications. The company’s product portfolio includes FUTERRA biodegradable hydraulic fluid, EnviroLogic lubricants for marine vessels and sensitive environments, and BioFlo EAL gear oils, which are used to meet regulatory compliance and sustainability goals in equipment operating near water. Customers of RSC Bio include marine operators, offshore energy companies, and industrial
PEOPLE ON THE MOVE
Busy Branford Castle Expands Investment Team
MiddleGround Appoints Managing Director to Lead Exit Strategies
Monroe Capital Continues Business Development Build
Daniel Phan Joins Closed Loop as Private Equity Co-Head
Monroe Capital Gets New Head of Business Development
Soundcore Adds Two Investment Pros
A New Link in the Chain: MPE’s Webster Buys Renold for $254 Million
Webster Industries, a portfolio company of MPE Partners, has acquired publicly traded Renold, a manufacturer of industrial chain and torque transmission products used in material
Cool Deal: Arsenal Acquires Sonoco’s ThermoSafe Unit for $725 million
Arsenal Capital Partners has closed its acquisition of the ThermoSafe business of publicly traded Sonoco Products Company for $725 million—$650 million in cash at close,
SK Capital Closes Carve Out of LISI’s Medical Division
SK Capital Partners has closed its buy of the medical division of LISI Group and has rebranded the newly independent company as Precera Medical. LISI
More Private Equity News
Branford Castle Adds Integrated Rectifier to GPT Industries
SkyKnight Acquires Force Electrical
Incline’s Accredited Labs Gets $300 Million to Continue Growth
LDR Continues Building Industrial Controls Platform
SK and Edgewater Sell Luxium to AEA’s Excelitas Technologies
Lone Star to Buy Hillenbrand in $3.8 Billion All-Cash Transaction
New Funds
Insignia Hard Caps Fund III
Insignia Capital Group has closed its third fund, Insignia Capital Partners III LP, with over $500 million in capital commitments. The new fund surpassed its
Integrum Soars to Close on Fund II
Integrum Holdings has completed the final close of its second flagship vehicle, Integrum Capital Partners II LP, with total capital commitments of $2.5 billion. The new
Abacus Holds Final Close for Inaugural SBIC Fund
Abacus Finance Group has held a final and oversubscribed close of its first Small Business Investment Company vehicle, Abacus Finance SBIC Fund I LP (Fund
Diversis Hard Caps Third Fund at $1.2 Billion
Diversis Capital has held an above-target and hard-cap close of its third fund, Diversis Capital Partners III LP, with more than $1.2 billion in total
People on the Move
Busy Branford Castle Expands Investment Team
MiddleGround Appoints Managing Director to Lead Exit Strategies
Monroe Capital Continues Business Development Build
