Frontenac Company has completed a new platform investment with the recapitalization of Van de Vries Spice Corporation and the simultaneous add-on acquisition of SpiceCo. Frontenac is partnering with food industry veteran Pat Mulhern to lead the combined company. This investment represents the fifth platform investment made by Frontenac X Private Capital which closed in 2014 […]
Archives for February 19, 2015
KRG Sells Diversified Foodservice to New Mountain
KRG Capital Partners has completed the sale of Diversified Foodservice Supply to New Mountain Capital. The transaction closed on February 17th and represents the fourth exit for KRG’s $1.96 billion Fund IV. KRG Capital Partners acquired Diversified Foodservice Supply (DFS) in December 2010. “The DFS management team has done an excellent job executing our combined […]
Webster Adds to Epic Platform with Buy of Loving
Epic Health Services, a portfolio company of Webster Capital, has acquired the parent company and pediatric division of Loving Care Agency (LCA), a provider of pediatric and adult home health care services. Simultaneous with the close of this transaction, the adult division of Loving Care Agency was spun off into a new operating entity separate […]
Excellere Continues Strong Run, Sells U.S. Water Services
Excellere Partners has completed the sale of its portfolio company U.S. Water Services to Allete (NYSE: ALE) for $194 million. U.S. Water, which was acquired by Excellere in January 2011, had revenue of approximately $120 million in 2014. Allete initially purchased 87 percent of U.S. Water for $168 million, based on an enterprise value of […]
Sterling Uses Lincoln International on Latest Sale
Lincoln International was the lead financial advisor to Lazer Spot, a portfolio company of Sterling Investment Partners, on its recent sale to Greenbriar Equity Group. Lazer Spot’s services include trailer spotting (rapid and precise movement of empty and full trailers at its customers’ distribution centers and manufacturing facilities) and shuttling (on-demand movement of empty or […]