Transactions

Nautic Buys Spartech From Arsenal

Nautic Partners has acquired Spartech, a manufacturer of acrylics and extruded plastics, from Arsenal Capital Partners. Spartech’s acrylic products, plastic sheet and rollstock, specialty film laminates, and thermoformed packaging products are used by more than 1,000 North American-based long-term customers in a range of applications in the aerospace & defense, healthcare, industrial, automotive, consumer goods,…

One Equity Closes Carve-Out

One Equity Partners has completed the carve-out of ORS MEDCO, a distributor of maintenance and repair products to the industrial and automotive aftermarket sectors, from Essendant. Essendant, rebranded from United Stationers in 2015, is a Deerfield, IL-headquartered distributor of office supplies, products, and furniture; janitorial and break room supplies; industrial supplies; and automotive aftermarket tools…

Sole Source Sells IFS to Kelso

Kelso & Company has acquired a majority equity interest in Individual FoodService, a distributor of foodservice disposables, and janitorial and sanitation products, from Sole Source Capital. Individual FoodService (IFS) distributes more than 9,000 SKUs of paper, plastic, packaging, food, janitorial, and sanitation products to independent and quick service restaurants, healthcare facilities, hospitality establishments, country clubs,…

GHK Buys Dura Supreme Cabinetry

GHK Capital Partners has acquired Dura Supreme Cabinetry from the company’s second-generation founding family. Dura Supreme is a vertically integrated manufacturer of semi-custom and custom, framed and frameless kitchen and bath cabinetry. The company’s products are sold through a nationwide dealer network. Dura Supreme was founded in Minnesota by Donald Stotts in 1954 and today…

SFW Exits DaySmart Software

SFW Capital Partners has sold DaySmart Software to LLR Partners and Parthenon Capital. DaySmart is a provider of business management software, including integrated payments functionality, for consumer-facing small-and-medium-sized businesses. The company’s desktop and cloud-based apps – including Salon Iris, Orchid, 123Pet and Inkbook – are purpose-built for the salon, spa, pet and tattoo industries.DaySmart was…

Platinum Acquires TruckPro

Platinum Equity has acquired TruckPro Holding Corporation from Harvest Partners. TruckPro is a distributor of heavy-duty truck and trailer products including brake systems, electrical systems, suspension systems, hydraulics, power take-off, engines, gears and drivetrains to more than 80,000 commercial and government customers. The company also provides repair and rebuilding services. TruckPro, founded in 1958, has…

News

Sverica Names Two New Partners

Sverica Names Two New Partners

Sverica Capital Management has promoted both Ryan Harstad and Gregg Osenkowski to partner. Mr. Harstad joined Sverica in 2011 and Mr. Osenkowski joined the firm in 2006. Earlier this month,…

RiverGlade Closes First Fund

RiverGlade Closes First Fund

RiverGlade Capital has held a final above-target closing of its inaugural fund, RiverGlade Capital LP, with $325 million of capital commitments. RiverGlade was founded by its managing partners Garrick Rice…

What Worries Institutional Investors

What Worries Institutional Investors

A new survey from Eaton Partners shows that institutional investors are growing concerned about anti-private equity rhetoric coming from some of the U.S. presidential candidates. Simultaneously, limited partners are also…

Everglades Equity Launched

Everglades Equity Launched

A new private equity firm, Everglades Equity, has been formed by Brett Craig, a former member of the investment team at Hidden Harbor Capital Partners. Everglades Equity will make majority…

Turning Rock Closes New Fund

Turning Rock Closes New Fund

Turning Rock Partners has held a final closing of its first institutional fund, Turning Rock Fund I LP, with more than $400 million in capital commitments. New York-based Turning Rock…

New Managing Director at ORIX

New Managing Director at ORIX

ORIX Capital Partners has hired Craig Kahler as a managing director. Mr. Kahler will be active with ORIX’s middle-market private equity business, designing and executing strategies to leverage its capabilities…

Sverica Races to Hard Cap Close

Sverica Races to Hard Cap Close

After three months in the market, Sverica Capital Management has held a first and final close of its fifth fund, Sverica Capital Partners V LP. The new fund was oversubscribed…

One Equity Closes New Fund

One Equity Closes New Fund

One Equity Partners (OEP) has held a final closing of its seventh fund, One Equity Partners VII LP, with $1.75 billion in total capital commitments. This is the largest fund…

New Platform

Nautic Buys Spartech From Arsenal

Nautic Buys Spartech From Arsenal

Nautic Partners has acquired Spartech, a manufacturer of acrylics and extruded plastics, from Arsenal Capital Partners. Spartech’s acrylic products, plastic sheet and rollstock, specialty film laminates, and thermoformed…

One Equity Closes Carve-Out

One Equity Closes Carve-Out

One Equity Partners has completed the carve-out of ORS MEDCO, a distributor of maintenance and repair products to the industrial and automotive aftermarket sectors, from Essendant. Essendant, rebranded…

GHK Buys Dura Supreme Cabinetry

GHK Buys Dura Supreme Cabinetry

GHK Capital Partners has acquired Dura Supreme Cabinetry from the company’s second-generation founding family. Dura Supreme is a vertically integrated manufacturer of semi-custom and custom, framed and frameless…

Platinum Acquires TruckPro

Platinum Acquires TruckPro

Platinum Equity has acquired TruckPro Holding Corporation from Harvest Partners. TruckPro is a distributor of heavy-duty truck and trailer products including brake systems, electrical systems, suspension systems, hydraulics,…

Revelstoke Invests in Michigan Hospice

Revelstoke Invests in Michigan Hospice

Revelstoke Capital Partners has made an investment in The Care Team, a Michigan-based home health and hospice agency. The Care Team (TCT) provides nursing services, therapy services and…

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