New Water Capital Partners has acquired Pride Family Brands, a maker of aluminum outdoor furniture. Pride Family Brands designs, manufactures and distributes hand-forged aluminum outdoor furniture under the Castelle, Prestige and Expressions brands, and designs and supplies promotional outdoor furniture under SummerWinds and private label brands. The company was founded in 1985 by Bernie Lowsky […]
Archives for July 21, 2015
ShoreView Acquires Pacific Aerospace & Electronics
ShoreView Industries, a Minneapolis-based private equity firm, has acquired Pacific Aerospace & Electronics, a subsidiary of Esterline Corporation. Pacific Aerospace & Electronics (PA&E) manufactures electronic packaging and connector products and provides machining and sealing processes that protects equipment used in defense (fighter aircraft), medical (cardiac-function devices), energy (oil-drilling tools), and other industrial applications. In 2006, […]
Revelstoke Completes Two More Add-ons to Schryver
Schryver Medical Sales and Marketing, a portfolio company of Revelstoke Capital Partners, has completed the acquisitions of Main Street Clinical Laboratory and On-Site Imaging Solutions. These two acquisitions follow Schryver’s January 2015 acquisition of Nashville-based Quality Mobile X-Ray. Main Street Clinical Laboratory is a CLIA certified clinical laboratory that provides a test menu of laboratory […]
New Water Closes Fund I
New Water Capital has held a first and final close of its inaugural private equity fund, New Water Capital Partners, LP (Fund I), at its hard cap of $406 million. The firm began fundraising in March with an initial target of $250 million. Capstone Partners was the placement agent for the new fund. New Water […]
KPS Completes Second July Dividend Recap
KPS Capital Partners has completed a dividend recapitalization of its portfolio company American & Efird Global (A&E). KPS acquired A&E from Harris Teeter Supermarkets in November 2011. To complete the recapitalization, A&E raised $275 million of financing, including a $65 million revolving credit facility and a $210 million term loan. The proceeds of new debt […]
Lincoln Expands Consumer Group with Latest Hire
Chicago-based investment bank Lincoln International has hired Dominic Rispoli to expand its consumer group and has named him a Managing Director and Head of Retail, North America. He will be based in the firm’s New York office. “Lincoln International has substantial experience in retail outside of North America. With Dominic, we now have a global […]