Transactions

Rockwood Builds Ibis Tek

Ibis Tek, a portfolio company of Rockwood Equity Partners since February 2017, has acquired Standard Bent Glass, a supplier of custom fabricated glass products, including transparent armor. Standard Bent Glass (SBG) is a manufacturer and distributor of flat and curved laminated glass, curved tempered glass, compound curved glass, decorative laminated glass, and bullet resistant glazing.…

Vestar Doubles Roland Foods

Roland Foods, a portfolio company of Vestar Capital Partners since August 2013, has acquired Albert Uster Imports (AUI). AUI is an importer of specialty pastry, bakery, and confectionary products used by professional chefs and bakers at hotels, restaurants, casinos, cruise lines, and airlines. The company has more than 1,400 SKUs and sources its products from…

Gemspring Expands Therma

Therma Holdings, a portfolio company of Gemspring Capital since June 2017, has acquired Yearout Mechanical, a provider of mechanical, fabrication and maintenance services. Yearout Mechanical provides engineering, installation and maintenance for HVAC, plumbing and piping systems for commercial, institutional and light industrial facilities. In addition to its services, the company also has in-house fabrication and…

Huron’s Auto Auction Business Growing

Huron Capital’s XLerate Group continues to grow with the recent buys of Morton Auto Auction (MAA) and Southeastern Auto Auction (SEAA). Huron Capital formed XLerate through the acquisition in May 2014 of American Auto Auction Group (AAAG) from Baird Capital. Baird had conducted a consolidation in the auto auction industry to form Charleston, SC-based AAAG…

Warren Buys Diesel Parts Distributor

Warren Equity Partners has acquired Magneto & Diesel Injector Service (DBA M&D Distributors). M&D Distributors is an aftermarket distributor of parts and components for maintaining and repairing diesel-powered engines. The company’s products – totaling more than 100,000 SKUs – include new and remanufactured fuel injection, turbocharger, engine part, and filtration products that are used in…

Union Capital Exits KEYper Systems

Union Capital has agreed to sell KEYper Systems, a supplier of electronic and mechanical key management systems, to Assa Abloy. KEYper Systems is a maker of key storage and key management systems, padlock management systems, and other asset control equipment. KEYper Systems has 25 employees and 2019 revenues are projected to be approximately $22 million.…

News

Warren Closes Second Fund

Warren Closes Second Fund

Warren Equity Partners has closed its second fund at its $310 million hard cap. The new fund is composed of Warren Equity Partners Fund II LP and Warren Equity Partners…

Tritium Hits Hard Cap on Fund II

Tritium Hits Hard Cap on Fund II

Tritium Partners has held a final closing of Tritium II LP with $465 million of committed capital. Tritium’s first fund closed in November 2015 with $309 million of committed capital.…

Duane Morris Names Co-Chairs of Private Equity Group

Duane Morris Names Co-Chairs of Private Equity Group

Philadelphia-headquartered law firm Duane Morris has named partners Michael Hardy of the firm’s Baltimore office and Nanette Heide of the firm’s New York office as co-chairs of its private equity…

Tonka Bay Promotes Two

Tonka Bay Promotes Two

Tonka Bay Equity Partners has promoted Kam Kielhorn to Principal and Taylor Fish to Senior Associate. Tonka Bay invests in manufacturing, value-added distribution and business services companies that have EBITDAs…

WindRose Hits Hard Cap

WindRose Hits Hard Cap

WindRose Health Investors has closed its fifth fund, WindRose Health Investors V LP, with $705 million of capital commitments. The new fund was oversubscribed and closed at its hard cap.…

Ridgemont Closes Above Target

Ridgemont Closes Above Target

Ridgemont Equity Partners has held an oversubscribed final closing of Ridgemont Equity Partners III LP (REP III) with $1.65 billion in commitments. The new fund’s original target had been $1.25…

Abacus Backs Thompson Street

Abacus Backs Thompson Street

Abacus Finance Group was the Administrative Agent and Sole Lender in support of Thompson Street Capital Partners’ recent acquisition of Palisade Corporation. Palisade is a provider of analysis software, under…

Gridiron Continues Big Data and AI Capability Build

Gridiron Continues Big Data and AI Capability Build

Gridiron Capital has hired John Nives as an operating partner to expand the firm’s capabilities in digital marketing, data analytics, artificial intelligence, and machine learning. Mr. Nives’ expertise in digital,…

New Platform

Warren Buys Diesel Parts Distributor

Warren Buys Diesel Parts Distributor

Warren Equity Partners has acquired Magneto & Diesel Injector Service (DBA M&D Distributors). M&D Distributors is an aftermarket distributor of parts and components for maintaining and repairing diesel-powered…

Guardian Invests in Tactical Medical

Guardian Invests in Tactical Medical

Guardian Capital Partners has made an investment in Tactical Medical Solutions, a developer and manufacturer of products and kitted solutions used in emergency trauma care including in the…

Gallant Capital Invests in Aero Turbine

Gallant Capital Invests in Aero Turbine

Gallant Capital Partners has made an investment in Aero Turbine, a provider of aerospace maintenance, repair and overhaul services. Aero’s services include turbine engine and accessory overhaul, and…

Fairchild Backs Weco Recap

Fairchild Backs Weco Recap

Fairchild Capital Partners has made an equity investment in Weco Manufacturing to support a management-led recapitalization of the company. Weco is a provider of design, prototyping, fabrication, machining,…

Incline Acquires Profile Products

Incline Acquires Profile Products

Incline Equity Partners has acquired Profile Products, a developer and manufacturer of engineered horticultural growing media and erosion control products. Profile’s products include mulches and additives, engineered soils,…

Exit

Gridiron Closes Sale of QSI

Gridiron Closes Sale of QSI

Gridiron Capital has completed its sale of Quality Solutions, an asset-light facilities services provider, to publicly-traded Cushman &…

  • New Funds
  • People
  • Financing
  • Strategy
  • Studies
Getting High

Getting High