Transactions

Branford Rumbles to Big Exit

Branford Castle has sold Surface Preparation Technologies, the nation’s largest provider of rumble strips and related roadway safety services, to Dominus Capital. Surface Preparation Technologies (SPT) has installed more than 175,000 miles of rumble strips across 49 states. The company designs and manufactures its own fleet of rumble-strip machines, or “mills” which can achieve speeds…

Banner Solutions Switches Sponsors

High Road Capital Partners has sold Banner Solutions, a distributor of hardware products, to Tailwind Capital. Banner Solutions is a wholesale distributor of commercial, institutional, and residential door hardware, electronic access control and security products that are used for maintenance, repair and renovation applications. The company, then known as Midwest Wholesale Hardware, was acquired by…

Dubin Clark Closes First EMPI Add-On

EMPI, a portfolio company of Dubin Clark, has acquired 034Motorsport. This is the first add-on for EMPI since being acquired by Dubin Clark in October 2018. 034Motorsport is a provider of track-proven and street-friendly performance parts, tuning, and service upgrades for Audi and Volkswagen enthusiasts. The company’s in-stock factory replacement parts and aftermarket components are…

Apollo to Acquire Tech Data

Publicly traded Tech Data has agreed to be acquired by Apollo Global Management at an enterprise value of $5.4 billion or $130 per share. The EBITDA valuation multiple for this transaction appears later in this article. Tech Data is a distributor of information technology products including software, networking and communications, mass storage, peripherals and computer…

Sun Sells Horizon to New Mountain

Sun Capital Partners has sold Horizon Group Holdings, a residential provider of plumbing, heating and air conditioning services, to New Mountain Capital. Horizon provides a full range of residential services including heating and air conditioning repair, maintenance and tune-ups; plumbing and drain cleaning services; and trenchless sewer and water line inspection, repair and replacement. The…

Graham Buys Maker of Niche Damping Systems

Graham Partners has acquired Damping Technologies, a maker of vibration damping systems. Damping Technologies (DTI) designs and manufactures highly engineered damping systems that are used in aerospace, defense, and space applications for vibration and noise control. Damping technologies, like those of DTI, are used to dissipate or reduce by friction, and other resistance mechanisms, the…

News

HarbourVest’s Co-Investment Fund Hits Hard Cap

HarbourVest’s Co-Investment Fund Hits Hard Cap

HarbourVest has held a final, hard cap, and oversubscribed close of its fifth co-investment fund, HarbourVest Partners Co-Investment Fund V LP (Fund V), with $3 billion of commitments. The new…

Alpine Hits Fund VII Hard Cap

Alpine Hits Fund VII Hard Cap

Alpine Investors has held a hard cap close of Alpine Investors VII LP with $1 billion in limited partner capital commitments. The new fund was oversubscribed and handily beat its…

NovaQuest Hits Hard Cap on Latest Fund

NovaQuest Hits Hard Cap on Latest Fund

NovaQuest Capital has held a hard cap closing of NovaQuest Private Equity Fund I LP with $275 million of capital. NovaQuest now has more than $3 billion of capital under…

Gridiron Building IT and Data Operating Talent

Gridiron Building IT and Data Operating Talent

Gridiron Capital has hired Jeff Steinhorn as the firm’s newest operating partner. Gridiron has been active in expanding its operating capabilities in information and process technology, digital marketing, data analytics,…

Brookfield Closes Fund V at $9 Billion

Brookfield Closes Fund V at $9 Billion

Brookfield Asset Management has held a final above target closing of its latest flagship global private equity fund, Brookfield Capital Partners V LP, with total capital commitments of $9 billion.…

2019 Carried Interest and Compensation Survey

2019 Carried Interest and Compensation Survey

This is the twelfth edition of the Carried Interest and Compensation Survey. This year we had exactly 300 funds participate. The survey’s compensation data is comprised of salary, bonus and…

Another Spin-Out from Lariat

Another Spin-Out from Lariat

Three professionals from Lariat Partners – Kevin Mitchell, Sam Simpson and Josh Sartisky – have left the firm to join RedCloud Capital. This is a return to roots for Mr.…

Halifax Adds a New Partner

Halifax Adds a New Partner

The Halifax Group has hired Doug Hill as a new partner and member of the firm’s investment committee. Mr. Hill, along with the firm’s other partners, will be active in…

New Platform

Apollo to Acquire Tech Data

Apollo to Acquire Tech Data

Publicly traded Tech Data has agreed to be acquired by Apollo Global Management at an enterprise value of $5.4 billion or $130 per share. The EBITDA valuation multiple…

Graham Buys Maker of Niche Damping Systems

Graham Buys Maker of Niche Damping Systems

Graham Partners has acquired Damping Technologies, a maker of vibration damping systems. Damping Technologies (DTI) designs and manufactures highly engineered damping systems that are used in aerospace, defense,…

Sverica Invests in Gryphon Networks

Sverica Invests in Gryphon Networks

Sverica Capital Management has made an investment in Gryphon Networks, a provider of sales performance management and compliance software. Boston-headquartered Gryphon is a provider of cloud-based software systems…

Shorehill Acquires Triad Technologies

Shorehill Acquires Triad Technologies

Shorehill Capital has acquired Triad Technologies in partnership with the company’s management team and the Wissman family. Triad Technologies is a stocking distributor of industrial fluid power and…

Nolan Capital Buys Ortega National Parks

Nolan Capital Buys Ortega National Parks

Nolan Capital has acquired Ortega National Parks, a provider of retail and hospitality services in US-based national, state and county parks. Ortega National Parks (ONP) operates retail stores,…

Exit

Branford Rumbles to Big Exit

Branford Rumbles to Big Exit

Branford Castle has sold Surface Preparation Technologies, the nation’s largest provider of rumble strips and related roadway safety…

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