Pamlico Capital has held a first and final close of Pamlico Capital IV at the fund’s hard cap of $910 million. The new fund was oversubscribed and exceeded the original $750 million target. From start to finish, fundraising was completed in only four months. Limited partners included fund of funds, insurance companies, corporate and foreign […]
Archives for November 2016
Wellspring’s Closes Hoffmaster
Wellspring Capital Management has completed its buy of Hoffmaster Group, a maker of disposable tableware, from Metalmark Capital. This transaction was announced on October 20, 2016. Hoffmaster’s products – which include napkins, plates, placemats, and table covers – are sold to foodservice distributors, retail, grocery, mass merchants and club-store customers. The company was founded in […]
Tenex Invests in Pugh
Tenex Capital Management has made an investment in Pugh Lubricants, a distributor of nationally branded and private label lubricants. Pugh was founded in 1947 as an Esso service station in 1947 by John Q. Pugh, Jr. Today, with the closing of the transaction with Tenex, the company will continue to be managed by the third […]
Norwest Sells Stanton Carpet
Norwest Equity Partners (NEP) has sold Stanton Carpet Corporation to Quad-C Management. This transaction closed on November 21, 2016. Stanton Carpet is a value-added distributor of carpet and custom rugs and runners under the Stanton, Antrim, Royal Dutch, Atelier, Rosecore and Crescent brands. The company sells its products through approximately 4,000 retail partners, including independent […]
Arrowhead Buys Stens
Arrowhead Electrical Products, a portfolio company of The Riverside Company and Investcorp, has agreed to acquire Stens, a distributor of aftermarket replacement parts, from Ariens Company. The transaction, which includes the acquisition of both the Stens and JThomas brands, is expected to close by year-end. Stens distributes aftermarket replacement parts to the outdoor power equipment, […]
Align Invests in Testing Services
Align Capital Partners has acquired Alliance Source Testing (AST), an outsourced provider of emission testing services to industrial facilities. AST provides its emissions testing services to industrial facilities for permitting and compliance in accordance with air-quality mandates from local, state and federal regulatory bodies. The company services customers’ facilities on a repeated basis, with the […]
Gryphon Closes Fund IV
Gryphon Investors has held a final closing of Gryphon Partners IV, LP at its hard cap of $1.1 billion. The new fund was oversubscribed and exceeded its original target of $600 million. “We greatly appreciate the enthusiastic support we received from our existing and new investors. The LP market’s confirmation of Gryphon’s unique integration of […]
ORIX Adds-On to RoadSafe
RoadSafe Traffic Systems, a portfolio company of ORIX Capital Partners and Aperion Management, has acquired Protection Services Inc. (PSI). PSI offers traffic control and pavement marking services to private contractors, federal agencies, state transportation departments, governmental entities and utilities. PSI’s products can be purchased or rented through the company’s network of branches that serve more […]
Centre Clears $1 Billion on Sale of Bellisio
Centre Partners has agreed to sell its portfolio company Bellisio Foods to Charoen Pokphand Foods Public Company Limited (CP Foods), of Thailand, for just over $1 billion. The transaction is expected to close by year end. Bellisio Foods, acquired by Centre Partners in December 2011, produces more than 400 products spanning a wide variety of […]
Blue Point Buys Jonathan Paul Eyewear
Hilco Vision, a portfolio company of Blue Point Capital Partners, has acquired Jonathan Paul Eyewear. This is the fifth add-on acquisition by the company since being acquired by Blue Point in May 2014. The acquisition of Jonathan Paul expands Hilco’s product line into sunglasses designed to fit over prescription eyewear and Jonathan Paul Fitovers is […]
O2, Oakland and Tecum to Consolidate Counter Sector
Private equity firms O2 Investment Partners and Oakland Standard have formed Clio Holdings to serve as a consolidator of local and regional countertop supply and fabrication businesses. Tecum Capital Partners also invested in this transaction by providing both mezzanine debt and an equity co-investment. Clio will be used to acquire regional countertop suppliers and fabricators […]
Homestead Hits Hard Cap
Homestead Capital USA, a private equity firm investing in operating farmland in the United States, has held a final close of its second fund, Homestead Capital USA Farmland Fund II, LP, at its hard cap of $400 million. The fund had an original target of $350 million. Homestead did not use a placement agent for […]
Corridor Expands Operations Team
Corridor Capital has hired Thomas Mokulehua as Director of Finance on the firm’s operations team. Mr. Mokulehua will be active in providing finance and accounting support to Corridor’s portfolio companies and he will also be involved in financial underwriting related to new investment opportunities. Corridor Capital makes control investments of $3 million to $12 million […]
LNC Partners Buys OutSolve
LNC Partners has acquired OutSolve, a provider of affirmative action planning and compliance services to federal contractors. Five Points Capital co-invested alongside LNC Partners. OutSolve’s services are used by government contractors to meet the requirements of Executive Order 11246, the Vietnam Era Veteran Readjustment Assistance Act (VEVRAA), and Section 503 of the Rehabilitation Act of […]
Woodlawn Exits Dynamatic
Woodlawn Partners has sold Dynamatic, a maker of variable speed drives used in industrial and environmental applications, to TGP Capital Partners. Dynamatic, acquired by Woodlawn in July 2010, is a designer and manufacturer of eddy current variable speed drives, brakes, and controls. The company’s products are used in the water and wastewater industry, as well […]
Riverside Acquires Window Genie
The Dwyer Group, a franchising platform company of The Riverside Company, has completed the add-on acquisition of Window Genie. The buy of Window Genie adds more than 100 franchise units to the company and grows Dwyer Group to $1.4 billion in system-wide sales. This is the eighth acquisition for Dwyer Group in the last 27 […]
Debut Fund Closed by ParkerGale
ParkerGale Capital has closed its debut fund at $240 million. The new fund had a balanced mix of limited partners that included family offices, pensions, managed accounts, endowments and funds of funds. The original target was $200 million. The fund’s first close was held in September 2015 with $47 million in total commitments: $20 million […]
Marlin Expands in Software Testing
QualiTest Group, a portfolio company of Marlin Equity Partners, has acquired Test Direct Limited, a provider of software testing and quality assurance services. Marlin acquired QualiTest Group in September 2016. Software testing is a planned process that is used to identify the correctness, completeness, security and quality of software. Testing is generally done to demonstrate […]