Transactions

SK Capital Buys PolyOne Business

SK Capital has agreed to acquire the performance products and solutions business (PPB) of PolyOne Corporation for approximately $775 million. PPB is comprised of Geon Performance Materials, a maker of polyvinyl chloride (PVC) compounds; and Producer Services, a maker of a range of formulated polypropylene and thermoplastic polyolefin products, and a provider of contract manufacturing…

Centerbridge Invests in GoHealth

Centerbridge Partners has acquired GoHealth, a provider of direct-to-consumer sales, marketing and customer service products used by health insurance providers. Through a range of distribution channels, GoHealth connects consumers with insurance carriers in the Medicare, individual and family, and small group markets. The company’s products and services allow insurance carriers to both lower their marketing…

Mill Point Closes Transformers Carve-Out

Mill Point Capital has completed the carve-out of the power transformers division of publicly traded Pioneer Power Solutions for $60.5 million in cash and a $5 million seller’s note. Pioneer Transformers engineers, designs and assembles specialty electrical transformers for utility, industrial, commercial, renewable energy and data center market applications. The company provides both liquid-filled and…

Audax Carves EIS from Genuine Parts

Audax Private Equity has agreed to acquire EIS, the electrical specialties group of Motion Industries, from publicly traded Genuine Parts Company. EIS is a distributor of process materials, production supplies, specialty wire and cable, and fabricated parts to more than 20,000 customers in the electrical OEM, motor, transformer, generator repair and assembly markets. The company…

Chemtron Switches Sponsors

Kinderhook Industries has acquired Chemtron Corporation from CapitalWorks which acquired the company in November 2015. Chemtron is a provider of hazardous and non-hazardous waste management services including blending, storage, recycling, transportation. The company operates two RCRA (the Resource Conservation and Recovery Act) treatment, storage and disposal facilities, two 10-day facilities, a non-hazardous waste processing facility,…

Warren’s SIMCO Acquires Carolina Coatings

Superior Industrial Maintenance Company (SIMCO), a portfolio company of Warren Equity since May 2018, has acquired Carolina Coatings Solutions and Industrial Services. Carolina Coatings (CSS) is a provider of corrosion protection and surface cleaning services to the chemical, pulp and paper, power, and food and beverage industries throughout the Mid-Atlantic and Southeast. The company’s services…

News

Party On?

Party On?

The protracted strong market for business sellers continues to be a party that shows no sign of winding down, according to GF Data’s report on private equity deal activity in…

Great Point Hits Fund III Hard Cap

Great Point Hits Fund III Hard Cap

Great Point Partners has held a final closing of Great Point Partners III LP (GPP III) at its hard cap of $306 million. The new fund was oversubscribed and exceeded…

Bonaccord and Wafra Take Minority Piece of AEI

Bonaccord and Wafra Take Minority Piece of AEI

Bonaccord Capital Partners and Wafra, Inc. have closed a minority investment in private equity firm AE Industrial Partners (AEI). Boca Raton-based AEI invests in the aerospace and defense, power generation…

Silver Oak Hits Fund IV Hard Cap

Silver Oak Hits Fund IV Hard Cap

Silver Oak Services Partners has closed its latest fund, Silver Oak Services Partners Fund IV LP, at its hard cap of $500 million. With the closing of this new fund,…

Billions in Opportunity in Automotive Supply

Billions in Opportunity in Automotive Supply

Deloitte has published its fourth “Global Automotive Supplier Study” which analyzes shareholder value performance for more than 200 automotive suppliers. In the new report, the firm reveals four disruptive mega-trends…

Regal Closes Fund II at Hard Cap

Regal Closes Fund II at Hard Cap

Regal Healthcare Capital Partners (RHCP) has held a first and final closing of its second private equity fund, RHCP II LP (Fund II) at its hard cap of $165 million.…

Wellspring Hires Biz Development Pro

Wellspring Hires Biz Development Pro

Wellspring Capital Management has hired Alexander Bues as the firm’s new head of business development. Throughout his career, Mr. Bues has a track record of origination and execution of middle-market…

PennSpring Adds to Team

PennSpring Adds to Team

PennSpring Capital has hired Thomas Showers to lead the firm’s transaction development efforts in Pennsylvania. Mr. Showers, who has nearly four decades of deal origination experience, joins PennSpring from BB&T…

New Platform

SK Capital Buys PolyOne Business

SK Capital Buys PolyOne Business

SK Capital has agreed to acquire the performance products and solutions business (PPB) of PolyOne Corporation for approximately $775 million. PPB is comprised of Geon Performance Materials, a…

Centerbridge Invests in GoHealth

Centerbridge Invests in GoHealth

Centerbridge Partners has acquired GoHealth, a provider of direct-to-consumer sales, marketing and customer service products used by health insurance providers. Through a range of distribution channels, GoHealth connects…

Mill Point Closes Transformers Carve-Out

Mill Point Closes Transformers Carve-Out

Mill Point Capital has completed the carve-out of the power transformers division of publicly traded Pioneer Power Solutions for $60.5 million in cash and a $5 million seller’s…

Audax Carves EIS from Genuine Parts

Audax Carves EIS from Genuine Parts

Audax Private Equity has agreed to acquire EIS, the electrical specialties group of Motion Industries, from publicly traded Genuine Parts Company. EIS is a distributor of process materials,…

Chemtron Switches Sponsors

Chemtron Switches Sponsors

Kinderhook Industries has acquired Chemtron Corporation from CapitalWorks which acquired the company in November 2015. Chemtron is a provider of hazardous and non-hazardous waste management services including blending,…

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Altus Promotes Two

Altus Promotes Two

Party On?

Party On?