NEW FUNDS
Allied Closes Inaugural $300 Million Fund
Allied Industrial Partners (AIP) has held a final and above target closing of its oversubscribed debut fund, Allied Industrial Partners I-A and I-B LP (Fund I), at its $300 million
Escalate Closes Fifth Fund at $350 Million
Escalate Capital Partners has held a final closing of its fifth fund, Escalate Capital V LP, with $350 million in committed capital. Limited partners in Fund V include J.P. Morgan
GEM Closes Independent Sponsor Fund
GEM has held a final, above-target, and oversubscribed close of GEM IS Fund LP (Fund IS), the firm’s inaugural fund dedicated to independent sponsors, with $450 million of capital commitments.
KSL Beats Target on Tactical Opportunities Fund
KSL Capital Partners has held a final close of its second tactical opportunities fund, KSL Capital Partners Tactical Opportunities II LP (Tac Opps II), with $1.44 billion in capital. Tac
Trive Beats Fund V Target
Trive Capital held a final and above-target close of its fifth flagship fund, Trive Capital Fund V LP, with total capital commitments of $2.7 billion. The new fund’s original target
Linden Closes $400 Million Structured Capital Fund
Linden Capital Partners has held a final close of its second structured capital fund, Linden Structured Capital Fund II LP (SCF II), with $400 million in capital commitments. Linden’s earlier
RCP Banks New $170 Million
RCP Advisors has held an above-target and final close of RCP Small and Emerging Fund III LP (Fund III) with $170 million in capital commitments. Limited partners in the new
NEW PLATFORMX
FalconPoint Continues Build of Jennmar Platform
Jennmar, a provider of industrial services and products and a portfolio company of FalconPoint Partners, has acquired Rohrig Heavy Equipment Maintenance. Rohrig provides specialized heavy equipment repair and maintenance services to the construction, mining, and oil
Percheron Launches Fire and Life Safety Platform
Percheron Capital has formed a new fire and life safety platform in collaboration with industry executive Carmine Schiavone. Since February 2020, Mr. Schiavone was the chief executive officer of SavATree, a national tree, shrub, and
Apex Acquires Majority Stake in Juanita’s
Apex Capital has acquired a majority stake in Juanita’s Foods, a producer of Mexican food products, in partnership with the founding De La Torre family. Juanita’s Foods specializes in Mexican canned and packaged foods, offering
Banner Launches Western Pavement with Roadrunner Buy
Banner Capital Management has formed Western Pavement Services and has acquired its first company with the buy of Roadrunner Paving and Asphalt Maintenance. Roadrunner provides asphalt paving, repair, sealcoating, striping, and maintenance services for the
NEWS
NEW EXITS
GSTV Sold to MidOcean
Rockbridge Growth Equity has sold its majority ownership in GSTV, a national video network operating across fuel and convenience retailers, to MidOcean Partners. As part of the transaction, Rockbridge will retain a minority stake in
ACON Exits Kept with Sale to DFW
ACON Investments has sold Kept Companies, a provider of commercial and industrial cleaning services, to DFW Capital Partners. Kept Companies is a national provider of mobile power washing, specialty cleaning, and facility maintenance services across
NEW ADD ONS
Aurora’s Lubrication Engineers Quickly Closes Second Add-On Acquisition
Lubrication Engineers, a portfolio company of Aurora Capital Partners, has acquired RSC Bio Solutions. RSC Bio Solutions develops and supplies
Heartland Paving Partners Expands Midwest Reach With Poblocki Paving Acquisition
Heartland Paving Partners, a platform company of Soundcore Capital, has acquired Poblocki Paving Corporation. Chicago-headquartered Heartland Paving operates as a
Rochester Midland Buys OCS Chemical
Rochester Midland Corporation, a portfolio company of Peak Rock Capital, has acquired OCS Chemical Engineering, a provider of water treatment
Brynwood’s Hometown Food Acquires Chef Boyardee
Hometown Food Company, a portfolio company of Brynwood Partners, has agreed to acquire the Chef Boyardee brand from Conagra Brands
NEW FINANCINGS
Abacus Ramps Up Deal Activity with Two New Closings
Abacus Finance Group has had an active start to the
Through Western Vet, TPG Twin Brook Builds Relationship with Tyree & D’Angelo
TPG Twin Brook has increased its credit facilities to Western
Trinity Launches Sponsor Finance Vertical
Publicly traded Trinity Capital has formed a new sponsor finance
LongueVue Acquires Kingston Brass with Abacus Backing
LongueVue Capital (LVC) has acquired Kingston Brass, a designer and distributor of kitchen and bathroom fixtures, bathtubs, and accessories. Kingston designs and distributes water fixtures,
Lineage Acquires Bellwether Media with Abacus Backing
Abacus Finance Group was the Senior Secured Credit Facilities Administrative Agent and Sole Lender for senior secured credit facilities used to back the acquisition of
Lincoln Road’s Newest Platform Corners Houston Landscaping Market
Lincoln Road has acquired Silversand Services and SLI Landscape, providers of commercial landscaping services in the Houston metropolitan area. Silversand’s and SLI’s services include landscaping,
O2 Sponsor Finance Backs Soundcore’s Paving Platform
O2 Sponsor Finance, a division of Old Second National Bank, provided the senior bank financing to back the acquisitions by Soundcore Capital Partners of ACI Asphalt & Concrete (ACI) and
Abacus Backs Eureka’s Buy of Advertiser Perceptions
Eureka Equity Partners has acquired Advertiser Perceptions with senior debt and an equity co-investment from Abacus Finance. Abacus was the Senior Secured Credit Facilities Administrative Agent and Sole Lender. Advertiser
Always Active Abacus Starts Fast
Abacus Finance is continuing its active support of private equity buyouts with the close of new transactions for Thompson Street Capital Partners, American Pacific Group, Pine Tree Equity, and WestView
FEATURED TRANSACTIONS
One Sweet Deal! Shore’s Sweetmore Buys Sweet Eddie’s
Sweetmore Bakeries, a portfolio company of Shore Capital, has acquired Sweet Eddie’s, a wholesale manufacturer of cinnamon rolls and other baked goods. Sweetmore Bakeries was launched by Shore through the September 2019 acquisition
Arsenal’s Sealing Platform Sold to Henkel
Arsenal Capital Partners has sold its portfolio company Seal For Life Industries to publicly traded Henkel AG & Co. Seal For Life is a supplier of protective coating and sealing products that are
CW Industrial Seals the Deal with Mantaline Buy
CW Industrial Partners has acquired Mantaline Corporation, an Ohio-based extruder of plastic and rubber products. Mantaline designs, prototypes, validates, and manufactures extruded elastomeric products including seals, protectors and insulations that are used in
Trinity Hunt Establishes Coker as New Platform
Trinity Hunt Partners has acquired Coker Group, a provider of healthcare advisory services. Coker provides performance transformation, transaction advisory, and compliance consulting services to hospitals, physician groups, private equity-backed platforms, and other healthcare
Patriot Pickle Acquires First Place Foods
Patriot Pickle, a maker and distributor of pickles and a portfolio company of Swander Pace Capital, has acquired First Place Foods. First Place Foods manufactures a wide variety of fermented (shelf stable) and refrigerated pickles, relishes, and other pickled vegetables that are sold to the restaurant, foodservice, institutional, and retail markets. Third-generation family-owned First Place Foods, led by President Pat Hunn, operates manufacturing and warehousing facilities near Dallas in Garland, Texas. “For more than 15 years, First Place Foods has
SK’s Canlak Coatings Buys Ceramic Industrial Coatings
Canlak Coatings, a portfolio company of SK Capital Partners, has acquired Ceram-Traz (DBA Ceramic Industrial Coatings). Ceramic Industrial Coatings is a manufacturer of custom and proprietary water and solvent-based wood coatings as well as other coatings, adhesives, sealants and elastomers (CASE) products. Ceramic Industrial, led by CEO Rob Laubscher, was founded in 1962 and operates a 90,000-square-foot facility in Osseo, Minnesota (headquarters) and a 52,000-square-foot facility in Kansas City, Kansas. “We are tremendously excited about our future partnership with Canlak
PEOPLE ON THE MOVE
SK Capital Hires John Novak to Lead Business Development
Brown Gibbons Lang Adds Consumer Veteran
Gridiron Adds Business Development Pro
Canaccord Genuity Hires Aerospace & Defense Pro
Abacus Finance Names New President
BGL Adds Aerospace Pro
STRATEGIES & STUDIES
How to Control Healthcare Costs Throughout Your Portfolio With New Insurance Model
During the five- to seven-year window that private equity typically owns businesses, firms have a value creation plan to increase profitability so they can sell or take the company public. Those plans frequently involve go-to-market
Janney Continues Acquisitive Ways with Buy of TM
Janney Montgomery Scott has agreed to acquire middle market investment bank TM Capital, a provider of M&A advisory services across the business services, industrials, healthcare, and consumer sectors. TM Capital is led by CEO James
Private Equity on the Rebound
A global private equity (PE) revival is taking shape as dealmaking gains traction, though sluggish fundraising continues to present challenges, according to Bain & Company’s 16th annual Global PE Report. The report highlights a resurgence
M&A and JV Activity in Private Credit: What the Trend Could Mean for Borrowers
The State of the Game The private credit arms race has taken the industry landscape by storm, with Ken Moelis citing the shift as the “greatest change in the history of transactional finance.”[1] Already enjoying
Are M&A Deal Parties Turning Away from Reps & Warranties Insurance?
RWI usage is declining[1] for deals closed in 2024, including among Private Equity buyers.[2] When an M&A deal requires more carveouts for things like survival periods and caps and special escrows to cover RWI policy
Grant Thornton: Increased Deal Volume on the Way
The latest survey from Grant Thornton reveals that private equity professionals are forecasting a rise in transaction volume, despite the uncertainty surrounding the upcoming U.S. presidential election. The survey, which polled 255 M&A professionals, found
Aurora’s Lubrication Engineers Quickly Closes Second Add-On Acquisition
Lubrication Engineers, a portfolio company of Aurora Capital Partners, has acquired RSC Bio Solutions. RSC Bio Solutions develops and supplies high-performance, environmentally acceptable lubricants (EALs)
Heartland Paving Partners Expands Midwest Reach With Poblocki Paving Acquisition
Heartland Paving Partners, a platform company of Soundcore Capital, has acquired Poblocki Paving Corporation. Chicago-headquartered Heartland Paving operates as a superregional, self-performing provider of commercial
FalconPoint Continues Build of Jennmar Platform
Jennmar, a provider of industrial services and products and a portfolio company of FalconPoint Partners, has acquired Rohrig Heavy Equipment Maintenance. Rohrig provides specialized heavy equipment
More Private Equity News
Amberjack Acquires Industrial Thermal Services
AEA Acquires Splash Car Wash from Palladin
Graham Looks to Corner the Cookie Market
Align Capital’s StenTech Merges with BlueRing Stencils
Littlejohn Buys 3P Processing from Spell
Show Me the Money! Coral Tree Invests in Innovative Artists
New Funds
Allied Closes Inaugural $300 Million Fund
Allied Industrial Partners (AIP) has held a final and above target closing of its oversubscribed debut fund, Allied Industrial Partners I-A and I-B LP (Fund
Escalate Closes Fifth Fund at $350 Million
Escalate Capital Partners has held a final closing of its fifth fund, Escalate Capital V LP, with $350 million in committed capital. Limited partners in
GEM Closes Independent Sponsor Fund
GEM has held a final, above-target, and oversubscribed close of GEM IS Fund LP (Fund IS), the firm’s inaugural fund dedicated to independent sponsors, with
KSL Beats Target on Tactical Opportunities Fund
KSL Capital Partners has held a final close of its second tactical opportunities fund, KSL Capital Partners Tactical Opportunities II LP (Tac Opps II), with
People on the Move
SK Capital Hires John Novak to Lead Business Development
Brown Gibbons Lang Adds Consumer Veteran
Gridiron Adds Business Development Pro
