Transactions

Edgewater and Duchossois Build Air Filtration

Air Filtration Holdings, a portfolio company of The Edgewater Funds and Duchossois Capital Management, has acquired RoboVent. RoboVent is a maker of air filtration equipment and systems used in manufacturing facilities. The company’s products are used in welding applications, cutting and metalworking, dust collection, oil mist capture, and general ventilation. RoboVent is a turnkey provider and…

Arlington Acquires Integrity Applications

Arlington Capital Partners has acquired Integrity Applications, a provider of systems engineering and technical analysis to the intelligence and defense sectors. Integrity Applications (IAI) has specific technical and domain expertise in intelligence, surveillance and reconnaissance systems including radar, electro-optical /infrared and MASINT (measurement and signature intelligence) payloads, ground systems, imagery-based geo-positioning and targeting, photogrammetric analysis,…

TPG Buys Orthopaedic Device Maker

Publicly-traded Exactech has been acquired by TPG Capital for approximately $737 million. TPG had originally offered to acquire Exactech for $625 million in October 2017 but raised the valuation in December 2017 in response to an unsolicited bid from another private equity firm. Exactech (NASDAQ: EXAC) develops and markets orthopaedic implant devices that are used…

Novacap Buys Mailhot

Novacap has acquired Mailhot Industries, a Canadian-based manufacturer of hydraulic cylinders. Mailhot Industries was founded in 1956 and is a manufacturer of single-stage and telescopic hydraulic cylinders. The company’s products are used refuse trucks, dump trucks, stationary refuse compactors, snow removal equipment and lifting equipment. Mailhot Industries, led by CEO Charles Massicotte, has 324 employees,…

Grey Mountain Acquires CHEP Recycled

Grey Mountain Partners has acquired CHEP Recycled Pallet Solutions from Brambles, an Australian supply-chain logistics group. CHEP Recycled is the largest whitewood pallet recycler in the North America, recycling over 90 million pallets annually. The company purchases used whitewood pallets, repairs them, and then re-sells the pallets to manufacturers and distributors. CHEP Recycled, with approximately…

Saugatuck Adds to FEMCO Machine

FEMCO Machine Company, a machine repair and manufacturing company and a portfolio company of Saugatuck Capital, has acquired MAN-TEX Manufacturing & Welding. Saugatuck first invested in FEMCO in June 2007. MAN-TEX is a provider of welding, machining, fabrication and field services to companies operating in the oil & gas, commercial, agriculture, and industrial manufacturing industries.…

News

“The Exciting Game Without Any Rules”

“The Exciting Game Without Any Rules”

Valuations on middle-market private M&A transactions continued their torrid upward surge in the fourth quarter, according to GF Data’s just released February report. The 201 private equity funds and other…

Bertram Hits Fund III Hard Cap

Bertram Hits Fund III Hard Cap

Bertram Capital has held a hard cap final closing of Bertram Growth Capital III LP and Bertram Growth Capital III-A LP (collectively Fund III) with a combined $500 million of…

The Return of the Megafunds

The Return of the Megafunds

McKinsey & Company has published its 2018 annual review of private markets that confirms global fundraising and assets under management (AUM) reached record highs in 2017, while managers once again…

Huron Adds and Promotes

Huron Adds and Promotes

Detroit-based Huron Capital has hired Scott Hauncher as a new partner and promoted long-time employees James Mahoney and David Reynolds to Senior Partners. “We believe the addition of Scott and…

Silversmith Closes on $670 Million

Silversmith Closes on $670 Million

After just three months in the market, Silversmith Capital Partners has held a first and final closing of its second fund, Silversmith Capital Partners II LP (Fund II) at its…

Monroe Forms Independent Sponsor Vertical

Monroe Forms Independent Sponsor Vertical

Monroe Capital has established an independent sponsor finance vertical to focus on providing both debt and equity financing for acquisitions, mergers, business combinations and recapitalizations initiated by independent sponsors. In…

Comvest Closes Fourth Direct Lending Fund

Comvest Closes Fourth Direct Lending Fund

Comvest Credit Partners has held a final close of Comvest Capital IV LP and affiliated funds (Fund IV) with total equity commitments of $836 million, above the original target of…

Blue Point Closes Fund IV

Blue Point Closes Fund IV

Blue Point Capital Partners has held a final close of its fourth buyout fund, Blue Point Capital Partners IV LP (BPCP IV), at its hard cap of $700 million. With…

New Platform

Southfield Invests in APC Integrated

Southfield Invests in APC Integrated

Southfield Capital has made an investment in APC Integrated Services Group, a seller of vehicle service contracts on behalf of automotive dealers and manufacturers. Through its multichannel marketing…

CD&R to Acquire American Greetings

CD&R to Acquire American Greetings

Clayton, Dubilier & Rice has agreed to acquire 60% of American Greetings Corporation. The Weiss Family, descendants of Jacob Sapirstein, who founded the company in 1906, will retain…

Bregal Invests in Ju-Ju-Be International

Bregal Invests in Ju-Ju-Be International

Bregal Partners has made a growth investment in Ju-Ju-Be International, a lifestyle brand in the juvenile products industry. Bregal’s investment in Ju-Ju-Be was made in partnership with the…

Blackford Invests in Online Tech Stores

Blackford Invests in Online Tech Stores

Blackford Capital has made an investment in Online Tech Stores (OTS), a wholesale distributor of aftermarket imaging supplies and accessories. Online Tech Stores (DBA Supplies Wholesalers) sells laser…

Exit

IGP Exits FMH Aerospace

IGP Exits FMH Aerospace

Industrial Growth Partners (IGP) has sold FMH Aerospace, a manufacturer of aerospace components and assemblies, to publicly-traded AMETEK…

Bunker Hill Exits Rizing

Bunker Hill Exits Rizing

Bunker Hill Capital has sold Rizing, a provider of SAP functional and technical consulting services, to One Equity…

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