Transactions

H.I.G. and AEA Merge Portfolio Companies

CDI Technologies, a portfolio company of H.I.G. Growth Partners, has merged with Troxell Communications, a portfolio company of AEA Investors. H.I.G. Growth will have a majority equity interest in the combined company. Troxell is a provider of technology systems used in classrooms, auditoriums, computer labs, and sports stadiums in K through 12 and higher education.…

EN Engineering Switches Sponsors

Kohlberg & Company has agreed to acquire EN Engineering, a utility services firm, from General Atlantic. General Atlantic acquired a majority equity interest in EN Engineering in July 2015 from CIVC Partners which at that time choose to maintain a minority equity interest in the company. CIVC acquired its interest in EN Engineering in May…

Huron Adds to Albireo Energy

Albireo Energy, a portfolio company of Huron Capital, has acquired Alabama Controls, a provider of energy management services. Alabama Controls is a provider of building automation and HVAC control solutions as well as equipment and parts sales to government agencies, large commercial buildings and higher education. The company employs over 80 people in seven offices…

Arcline Carves Engine Division from Baker Hughes

Arcline Investment Management has signed an agreement to acquire the Reciprocating Compression division of Baker Hughes, a GE company (NYSE: BHGE). The Reciprocating Compression division (RCD) manufactures and services compression and engine systems that are used in a variety of applications, including the transmission of natural gas across domestic and international pipelines. RCD is the…

Arsenal Buys Closed-Loop Plastic Company

Arsenal Capital Partners has agreed to acquire a controlling interest in Revolution, a provider of sustainable, closed-loop plastic products serving the agricultural, consumer, and industrial markets. Revolution markets an array of plastic products used in the agricultural sector, which it then recovers, cleans and processes into a post-consumer resin (PCR).  The company closes the loop…

Mill Point Quickly Building Foam Packager

Huntington Solutions, a portfolio company of Mill Point Capital, has acquired Texas Foam. Texas Foam is a manufacturer of extended-duration shippers and temperature-sensitive protective foam packaging products used in the medical, instrumentation, pharmaceutical and food and beverage industries. The company was founded in 1991 and is headquartered near Austin in Bastrop, TX (www.texasfoam.com). Huntington Solutions,…

News

Falls River Adds Life Sciences Pro

Falls River Adds Life Sciences Pro

Falls River Group, a middle-market investment bank, has added Stephen Maddox to its team as a group president in the firm’s life science sector. Mr. Maddox will lead the firm’s…

Abacus Promotes and Hires

Abacus Promotes and Hires

Abacus Finance Group has promoted Eric Petersen to Director and has hired Jacob Wise as an Analyst. “We continue to broaden our investment team, always with the goal of providing…

WILsquare Beats Fund II Target

WILsquare Beats Fund II Target

WILsquare Capital has held a final close on WILsquare Capital Partners Fund II LP with total capital commitments of $190 million. The new fund exceeded its $150 million target and…

Bow River Closes Software Fund

Bow River Closes Software Fund

Bow River Capital has closed Bow River Capital 2019 Software Growth Equity Fund LP with $160 Million of capital commitments. The closing was above target and was oversubscribed. The strategy…

Palladium Raises New Fund

Palladium Raises New Fund

Palladium Equity Partners has held a final close of Palladium Equity Partners V LP (PEP V) with commitments of $1.56 billion. The firm’s earlier fund, Palladium Equity Partners IV LP,…

KLH Hits Hard Cap

KLH Hits Hard Cap

KLH Capital Partners has held a final close of KLH Capital Fund IV LP (Fund IV) at its hard cap with $200 million of limited partner commitments. Fund IV was…

Fruition Partners Launched in Denver

Fruition Partners Launched in Denver

Former Lariat Partners’ professionals Jay Coughlon, Mac Hampden, and Jason Urband have launched Fruition Partners, a new Denver-based private equity firm. Fruition invests in lower middle-market companies that have EBITDA…

Incline Closes New Fund

Incline Closes New Fund

Incline Equity Partners has closed Incline Elevate Fund LP (Elevate) with $314 million of total capital commitments. The new fund will invest exclusively in the lower middle market, a segment…

New Platform

EN Engineering Switches Sponsors

EN Engineering Switches Sponsors

Kohlberg & Company has agreed to acquire EN Engineering, a utility services firm, from General Atlantic. General Atlantic acquired a majority equity interest in EN Engineering in July…

Arsenal Buys Closed-Loop Plastic Company

Arsenal Buys Closed-Loop Plastic Company

Arsenal Capital Partners has agreed to acquire a controlling interest in Revolution, a provider of sustainable, closed-loop plastic products serving the agricultural, consumer, and industrial markets. Revolution markets…

Boyne Capital Acquires Rapid Fire

Boyne Capital Acquires Rapid Fire

Boyne Capital has acquired Rapid Fire Protection, a provider of fire protection systems. Rapid Fire designs, installs, inspects, tests and maintains fire suppression and alarm systems across the…

Exit

Valicor Switches Sponsors

Valicor Switches Sponsors

Wind Point Partners has agreed to sell Valicor Environmental Services, a provider of non-hazardous wastewater treatment services, to…

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Altus Promotes Two

Altus Promotes Two