Transactions

Active Minerals Switches Sponsors

Golden Gate Capital has acquired Active Minerals International from Merit Capital Partners. The senior management team of the company will retain a significant ownership stake in the business. Active Minerals International (AMI) is a global producer and distributor of specialty industrial minerals, including kaolin and attapulgite clay minerals.  The company’s products are used throughout the…

Argosy Exits AUC Group

Argosy Private Equity and New Spring Capital have sold AUC Group, a provider of wastewater treatment services, to publicly traded AquaVenture Holdings for $130 million. Argosy and New Spring Capital acquired AUC Group in October 2015 from Bow River Capital. AUC Group is a provider of wastewater treatment services to municipalities and corporations primarily in…

AIP Expands Cabinet Business

ACProducts, a portfolio company of American Industrial Partners, has agreed to acquire Elkay Wood Products Company from privately-held Elkay Manufacturing Company. Elkay Wood Products (EWP) is a manufacturer of kitchen and bath cabinetry. Company-owned brand names include Medallion, Design-Craft, Yorktowne, Schuler, Medallion at Menards, MasterCraft, and American Cabinetry Collection. EWP is headquartered in Oak Brook,…

D Cubed Adds to KPS Global

KPS Global, a portfolio company of D Cubed Group, has acquired Custom Cooler, a manufacturer of custom walk-in coolers and freezers. Custom Cooler designs, manufactures and installs walk-in coolers, walk-in freezers and industrial cold storage applications. The company also supplies refrigeration equipment to meet the requirements of its walk-in coolers and freezer projects. Custom Cooler…

Armstrong’s Wood Flooring to AIP

Publicly traded Armstrong Flooring has agreed to sell its Wood Flooring segment to American Industrial Partners (AIP) for $100 million. Armstrong Flooring (NYSE: AFI) (www.armstrongflooring.com) designs, manufactures and sells flooring products in North America and the Pacific Rim. The company, headquartered in Lancaster, PA, operates through two segments, Resilient Flooring and Wood Flooring. The Wood…

Vestar Leads New Investment in IRI

Vestar Capital Partners has agreed to make an investment in Information Resources (IRI), a portfolio company of New Mountain Capital since 2011. Information Resources is a provider of market and shopper information (point-of-sale data tracking) and predictive analysis to companies that are active in consumer packaged goods (CPG), OTC health care, retailers, financial services and…

News

Go Froth and Prosper?

Go Froth and Prosper?

Middle market deal valuations continued to show signs of plateauing in the third quarter of 2018, according to GF Data’s just-released November report. Two hundred private equity groups and other…

Littlejohn Closes Fund VI

Littlejohn Closes Fund VI

Littlejohn & Co. has held a final closing of Littlejohn Fund VI LP with $2.84 billion of committed capital, exceeding the fund’s target of $2.5 billion.  The firm’s previous fund,…

KPS Names New Partners

KPS Names New Partners

KPS Capital Partners has promoted Raquel Palmer to Co-Managing Partner, and Ryan Baker and Kyle Mumford have been promoted to Partner. KPS Capital Partners is the manager of the KPS…

Crossplane Launched in Dallas

Crossplane Launched in Dallas

Crossplane Capital, a new lower-middle market private equity firm, has been launched in Dallas. The new firm was founded by partners Brian Hegi and Ben Eakes, both are former managing…

Roark Closes New Funds

Roark Closes New Funds

Roark Capital Group has completed fundraising for its two newest funds, Roark Capital Partners V LP and Roark Capital Partners II Sidecar LP, with a total of $6.5 billion of…

Peloton Formed by Ex-OTPP Pros

Peloton Formed by Ex-OTPP Pros

Two former managers of Ontario Teachers’ Pension Plan have launched Peloton Capital Management to invest in mid-market buyouts in Canada and the US. Peloton’s two founding managing partners are Steve…

Svoboda Adds to Team

Svoboda Adds to Team

Svoboda Capital Partners has added Justin Demes to its investment team as a Principal. He will be responsible for sourcing and evaluating potential investment opportunities, leading due diligence, structuring and…

Dyal Invests in American Securities

Dyal Invests in American Securities

Dyal Capital Partners, a division of Neuberger Berman, has made a minority non-voting investment in American Securities. Dyal’s investment in American Securities will result in no change in the firm’s…

New Platform

Active Minerals Switches Sponsors

Active Minerals Switches Sponsors

Golden Gate Capital has acquired Active Minerals International from Merit Capital Partners. The senior management team of the company will retain a significant ownership stake in the business.…

Armstrong’s Wood Flooring to AIP

Armstrong’s Wood Flooring to AIP

Publicly traded Armstrong Flooring has agreed to sell its Wood Flooring segment to American Industrial Partners (AIP) for $100 million. Armstrong Flooring (NYSE: AFI) (www.armstrongflooring.com) designs, manufactures and…

Vestar Leads New Investment in IRI

Vestar Leads New Investment in IRI

Vestar Capital Partners has agreed to make an investment in Information Resources (IRI), a portfolio company of New Mountain Capital since 2011. Information Resources is a provider of…

Clearlake Buys Team Tech from Riverside

Clearlake Buys Team Tech from Riverside

Clearlake Capital Group has acquired Team Technologies from The Riverside Company. Members of the company’s senior management team co-invested alongside Clearlake on this transaction. Team Technologies is a…

Grey Mountain Busy as a Bee

Grey Mountain Busy as a Bee

Grey Mountain Partners has acquired Mann Lake, the largest supplier of beekeeping products in the United States. The management team of Mann Lake co-invested in this transaction alongside…

Exit

Argosy Exits AUC Group

Argosy Exits AUC Group

Argosy Private Equity and New Spring Capital have sold AUC Group, a provider of wastewater treatment services, to…

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O2 Adds Associate

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Getting High

Getting High