TASI Holdings, a portfolio company of Black Canyon Capital, ClearLight Partners, and Industrial Growth Partners was sold to the Berwind Group.
TASI is a provider of test, measurement, inspection and automation services for mission-critical applications in the Americas, Europe and Asia. The company’s services focus on enhancing customer productivity by reducing manufacturing cost, avoiding rework, improving quality and reliability, and shortening time to market. TASI serves a diverse customer base in a range of end markets including the transportation, industrial, life sciences, energy, food and beverage and consumer goods industries. TASI is headquartered in Cincinnati, OH (www.tasigroup.com).
Black Canyon provides equity and credit to middle-market companies based in the United States. Black Canyon has invested over $1 billion across diverse industries including business services, consumer durables, retail, restaurants, media, test and measurement, and industrial manufacturing. Black Canyon is headquartered in Los Angeles (www.blackcanyoncapital.com).
ClearLight Partners invests from $10 million to $50 million in US or Canadian based middle market companies with revenues from $20 million to $250 million and EBITDAs from $5 million to $25 million. Sectors of interest include specialty manufacturing and distribution; business services; and consumer products and services. The firm has $900 million of assets under management and is based in Newport Beach, CA (www.clearlightpartners.com).
Industrial Growth Partners provides equity capital to lower-middle market manufacturing and manufacturing services companies with revenues of $30 million to $100 million. The firm invests equity in a range of transactions involving a change of ownership, such as management buyouts, leveraged buyouts, corporate divestitures, recapitalizations and management buy-ins. The firm was founded in 1997 and is based in San Francisco (www.igpequity.com).
Berwind Corporation is a family-owned investment management company. Berwind targets middle market companies with transaction values of $75 million to $700 million, and focuses on manufacturing businesses in a range of industries including pharmaceutical, specialty chemical, office and craft, automotive, consumer and natural resources. . The company is based in Philadelphia, PA (www.berwind.com).
2014 PEPD • Private Equity’s Leading News Magazine • 6-18-14
