The Riverside Company has completed fundraising for Riverside Micro-Cap Fund IV (RMCF IV). The new fund closed at its hard cap with $650 million in capital commitments. The original target was $500 million. Riverside’s earlier fund, Riverside Micro-Cap Fund III, closed in July 2014 at its hard cap with $350 million in capital commitments. Riverside’s […]
Archives for September 23, 2016
Abacus Backs Lineage Recap of PerTronix
Abacus Finance Group was the Administrative Agent and Lead Arranger for a senior secured credit facility to support the recapitalization of PerTronix by Lineage Capital. PerTronix is a manufacturer of electronic ignition systems and exhaust products sold under a family of brand names including Flame-Thrower, Ignitor, Second Strike, Doug’s Headers, Spyke, Compu-Fire, Patriot Exhaust, Smithy […]
Snow Phipps Adds Packaging Pro
Snow Phipps Group has added Don Sturdivant as its newest Operating Partner. Mr. Sturdivant has more than 30 years of experience in the packaging industry and has served as the CEO of several companies owned by private equity firms. He will primarily focus on investment opportunities in the packaging industry. Snow Phipps utilizes an operating […]
Prospect Partners Buys All Glass & Windows
Prospect Partners has acquired All Glass & Windows and Direct Window & Door Supply (All Glass), installers and distributors of impact-resistant glass and glass-related products. Many of All Glass & Windows’ products, which include windows, doors, and commercial storefront and curtain walls, are made with glass that can withstand hurricane-force wind speeds of up to […]
Soundcore Capital Acquires PumpMan
Soundcore Capital Partners has completed the acquisition of PumpMan, a provider of pump system maintenance, repair and new system installation. PumpMan provides service and repair capabilities for all types of pumping systems. Services include repair/replacement of seals, bearings, shafts, impellers; machining of pump parts; motor rewinds; laser shaft alignments; impeller trim and balancing; and complete […]
KPS Sells United Copper
KPS Capital Partners has sold its portfolio company United Copper Industries to Southwire Company. United Copper Industries (UCI) is a manufacturer of copper building wire and cable used in the construction of industrial, residential and commercial buildings. The company sells its products through national, regional and local electrical distributors across the country. UCI, led by […]
Thomas H. Lee Acquires System One from MidOcean
Thomas H. Lee Partners (THL) has signed an agreement to acquire System One, a provider of managed staffing services, from MidOcean Partners which invested in the company in December 2012. The transaction is expected to close in the fourth quarter of 2016, System One is one of the largest professional staffing firms in the US […]