Transactions

Wind Point Buys U.S. Nonwovens

Wind Point Partners has acquired U.S. Nonwovens (USN), a maker of home and personal care products including disinfectants, cosmetic and personal cleansing wipes, as well as laundry detergent, bleach and fabric softener. Company-owned brand names include Ajax Laundry, Final Touch, Fab, Dynamo, Oxydol, RediWipes, SunnySoft, Luminoso, Breezy, and Bloom. USB customers include many Fortune 500 retailers…

E2P Acquires Specialty Meats Maker

Entrepreneurial Equity Partners (E2P) has acquired Daniele International, a branded and private label producer of specialty meats. Daniele’s specialty Italian charcuterie – meats that are paired with toast, fruit, cheese, and sauces – and deli meats include prosciutto, salame, capocollo, pancetta, chorizo, and snack packs. The company’s products are sold to the club, mass, and…

Crossplane Ties Up Accent

Crossplane Capital has acquired the Accent Family of Companies, a value-added industrial distributor, in partnership with the founding Sims family and the company’s management team. Accent operates through two divisions. The Wire-Tie division is a maker and value-added distributor of baling wire, wire ties, and wire tier machines used in the waste, recycling, and packaging…

Shore Buys Muffin Maker from Clover

Shore Capital Partners has acquired Main Street Gourmet, an Akron-based wholesale bakery. Main Street Gourmet’s (MSG) provides frozen baked goods, including muffins, cookies, granola, brownies and bars to retail in-store bakery and specialty foodservice customers across the United States. The company operates out of an SQF (Safe Quality Foods) certified 68,000 sq. ft. manufacturing facility…

Quad Partners Building Swimming Giant

Streamline Brands, a portfolio company of Quad Partners, has acquired Saf-T-Swim, a provider of swimming instruction and water safety education. With the buy of Saf-T-Swim, Streamline considers itself to be the largest swim school network in North America with locations in 22 US states, Mexico and Turkey. The company’s growth plan targets managing 300 US…

High Road Adds Again to U-C Coatings

U-C Coatings, a portfolio company of High Road Capital Partners, has acquired the assets of the stains and industrial coatings business of Eco Chemical. Seattle-based Eco Chemical is a manufacturer of water-based stains and coatings used on pressure-treated wood and in the manufacturing of wood products including fencing and decks. Eco Chemical was founded in…

News

Gridiron Promotes Two

Gridiron Promotes Two

Gridiron Capital has promoted Chris King and Doug Rosenstein, two members of its investment team, to principal. Mr. King and Mr. Rosenstein both joined Gridiron in 2015 as senior associates…

Advent Raises Tech Fund, Opens New Office

Advent Raises Tech Fund, Opens New Office

Advent International has held a final and hard cap closing of Advent Global Technology LP (Advent Tech) with $2 billion of committed capital. The new fund had an original target…

ICG Launches North American PE Strategy

ICG Launches North American PE Strategy

Intermediate Capital Group (ICG) has hired Alan Jones as a senior managing director with responsibility for building a private equity business in North America. Mr. Jones has more than three…

Seller’s Market, Seller’s Rules

Seller’s Market, Seller’s Rules

Seller-friendly positions on deal points continue to accompany favorable economics in this sustained seller’s market, according to GF Data’s Fall 2019 Key Deal Terms Report. Two hundred private equity sponsors…

GT Adds Restructuring Pro

GT Adds Restructuring Pro

Grant Thornton has hired Bill Fasel as a managing director in the firm’s strategic solutions practice which evaluates financial and operational issues affecting underperforming companies. Mr. Fasel has more than…

Cotton Creek Adds Staff after Fund Close

Cotton Creek Adds Staff after Fund Close

Cotton Creek Capital has added two professionals to its investment team with the hirings of Josh Weaver and Nathan Zhu.  Mr. Weaver joins Cotton Creek as a senior associate and…

Abacus Backs May River Platform

Abacus Backs May River Platform

Abacus Finance Group was the administrative agent and sole lender for senior secured credit facilities that backed the recent buy of Kason Corporation by May River Capital. To complete the…

MiddleGround Closes First Fund

MiddleGround Closes First Fund

MiddleGround Capital has closed its first fund, MiddleGround Capital I LP, at its hard cap of $459.5 million. Archean Capital Partners, a joint venture between multi-family office Veritable and alternative…

New Platform

Wind Point Buys U.S. Nonwovens

Wind Point Buys U.S. Nonwovens

Wind Point Partners has acquired U.S. Nonwovens (USN), a maker of home and personal care products including disinfectants, cosmetic and personal cleansing wipes, as well as laundry detergent, bleach…

E2P Acquires Specialty Meats Maker

E2P Acquires Specialty Meats Maker

Entrepreneurial Equity Partners (E2P) has acquired Daniele International, a branded and private label producer of specialty meats. Daniele’s specialty Italian charcuterie – meats that are paired with toast,…

Crossplane Ties Up Accent

Crossplane Ties Up Accent

Crossplane Capital has acquired the Accent Family of Companies, a value-added industrial distributor, in partnership with the founding Sims family and the company’s management team. Accent operates through…

Shore Buys Muffin Maker from Clover

Shore Buys Muffin Maker from Clover

Shore Capital Partners has acquired Main Street Gourmet, an Akron-based wholesale bakery. Main Street Gourmet’s (MSG) provides frozen baked goods, including muffins, cookies, granola, brownies and bars to…

L Squared Buys GWS Tool

L Squared Buys GWS Tool

L Squared Capital Partners has acquired GWS Tool Group. L Squared partnered on this transaction with the company’s current financial sponsor, Addison Capital Partners, and the GWS Tool…

Exit

Sentinel Exits Luminaires

Sentinel Exits Luminaires

Sentinel Capital Partners has agreed to sell The Luminaires Group, a manufacturer of architectural lighting fixtures, to Acuity…

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Gridiron Promotes Two

Gridiron Promotes Two

Party On?

Party On?