Churchill Asset Management has completed fundraising for Churchill Middle Market Senior Loan Fund LP, its inaugural fund as part of Nuveen, with over $1.1 billion in committed capital. Churchill Asset Management (Churchill) was launched in April 2015 by financial services provider TIAA (Teachers Insurance and Annuity Association of America) to originate, underwrite and manage senior […]
Archives for 2017
Ironwood Invests in Industrial Timber
Ironwood Capital has made a subordinated debt and minority equity investment in Industrial Timber, one of the largest designers and manufacturers of outsourced, ready-to-assemble just-in-time wooden frames to the upholstered furniture industry. The customers of Industrial Timber include many of the top furniture manufacturers in the United States and the company is active in manufacturing […]
Audax Sells Astrodyne to Tinicum
Audax Private Equity has sold its portfolio company Astrodyne TDI to Tinicum. Audax acquired Astrodyne Corporation in April 2008 from American Capital Strategies. Astrodyne TDI is a power electronics company that designs and manufactures specialty power supplies and electromagnetic interference (EMI) filters. EMI filters are passive electronic devices used to suppress conducted interference present on […]
High Road Adds On to General Tools
General Tools & Instruments, a portfolio company of High Road Capital Partners since February 2014, has acquired the assets of PacTool International. PacTool International designs and manufactures siding tools and gauges; specialty hand tools; cutting tools and blades used to cut and install fiber-cement siding; wood shingles and other exterior siding and cladding materials. PacTool’s […]
Blue Point Sells Smith-Cooper to Tailwind
Blue Point Capital Partners has sold its portfolio company Smith-Cooper International to Tailwind Capital. Blue Point acquired Smith-Cooper in October 2012 through its second fund, Blue Point Capital Partners II LP, which closed in 2006. Smith-Cooper is a designer, producer, importer and distributor of pipe, valves and fittings to the commercial and industrial, energy, chemical and […]
Thomas H. Lee Adds to Art Van
Art Van Furniture, the Midwest’s No. 1 furniture and mattress retailer and a portfolio company of Thomas H. Lee Partners, has acquired two privately-held Pennsylvania furniture companies, Pittsburgh-based Levin Furniture and Altoona-based Wolf Furniture. “Today’s acquisitions of these two well-established furniture retailers – both intricately woven into the fabric of their communities – underscores a […]
Fifty Shades of Unsustainable
By Andy Greenberg, CEO GF Data Valuations and debt levels on middle-market private M&A transactions achieved record highs in the third quarter, according to GF Data’s just released November report. The 201 private equity funds and other deal sponsors that are active contributors to GF Data® reported on 49 completed transactions in the quarter, with […]
Svoboda Sells B&P
Svoboda Capital Partners has sold Blake & Pendleton to Five Points Capital and members of the company’s senior management team. Svoboda acquired Blake & Pendleton in June 2013 from KLH Capital. Blake & Pendleton (B&P) is a regional distributor of air compressors, compressed air automation systems, pumping equipment, and flow control products to companies operating […]
Gen Cap Buys Bargain Barn
Gen Cap America has acquired The Bargain Barn in partnership with the company’s management team. Bargain Barn, which operates as United Grocery Outlet and GO Grocery Outlet, specializes in liquidating closeouts, factory seconds, irregulars, and overstocked products. The company is one of the largest close-out grocery outlets in the eastern United States and operates 37 […]
Graham Acquires EasyPak
Graham Partners has acquired EasyPak, a thermoformed packaging provider to companies operating in the healthy and natural food markets. EasyPak is a thermoformed packaging provider of simple single-material clamshell-type deli containers to more complex multi-layer-material MAP containers (modified atmosphere packaging or MAP enables fresh and minimally processed packaged food products to maintain visual, textural and […]
SeaStar Sold by American Securities
American Securities has entered into an agreement to sell SeaStar Solutions to Dometic Group for $875 million. American Securities acquired SeaStar in January 2014 from H.I.G. Capital. SeaStar Solutions is a provider of OEM and aftermarket products and accessories that are used in the recreational marine markets. The company’s products include electronic and hydraulic steering systems, […]
Transom Acquires A.T. Cross from Clarion
Transom Capital Group has acquired the assets of A.T. Cross Company, a manufacturer of fine writing instruments, journals, stationery products, desk accessories and reading glasses, from Clarion Capital Partners. In July 2013, Clarion acquired the assets of A.T. Cross for $60 million and in August 2014 it completed the add-on acquisition of Sheaffer, the fine […]
Blue Point Acquires Italian Rose
Blue Point Capital Partners has acquired Italian Rose Gourmet Products, a manufacturer and distributor of salsas, dips, sauces and spreads. The buy of Italian Rose is the ninth platform investment for Blue Point’s third fund which closed in November 2014 at the hard cap of $425 million. Italian Rose’s products, which include salsas, minced garlic, […]
Encore Sells Mussel Grower to OTPP
Encore Consumer Capital has completed the sale of Atlantic Aqua Farms to Ontario Teachers’ Pension Plan. Atlantic Aqua Farms (AAF) is the largest grower and processor of the Prince Edward Island blue mussel sold under the Canadian Cove and Confederation Cove brand names. The company also sells branded oysters, clams, and live Maine and Canadian […]
Wind Point Keeps Building Valicor
Valicor Environmental Services, a portfolio company of Wind Point Partners, has acquired Midstate Environmental Services. Midstate operates two centralized wastewater treatment (CWT) facilities and provides used oil collection and processing services throughout Texas and Oklahoma. The company is based near Dallas in Hutchins, TX (www.midstateenv.com). In June 2017, Wind Point Partners partnered with waste management […]
Spanos Barber Jesse Acquires Dennis Uniform
Spanos Barber Jesse & Co. (SBJ) has completed its acquisition of Dennis Uniform, the oldest provider of school uniforms in North America. Dennis Uniform is a designer and manufacturer of school uniforms – including polos, khakis, shorts, and skirts – that serves nearly 2,000 schools and 370,000 students per year through its website and through […]
Peak Rock Exits Main Steel
Peak Rock Capital has sold its portfolio company Advanced Alloy Processing Holdings, the parent of Main Steel, to Samuel, Son & Co. Peak Rock acquired Main Steel (then Main Steel Polishing Company) in November 2014 from metals fabricator Shale-Inland. Main Steel is a processor and polisher of stainless steel, aluminum, and nickel alloys. The company’s […]
Arlington Buys Cadence from Court Square
Arlington Capital Partners has acquired Cadence Aerospace from Court Square Capital Partners. Cadence Aerospace was acquired by Court Square in May 2012 and is a supplier of components, subassemblies and assemblies to manufacturers of aircraft, aerostructures, aeroequipment, engine, and other commercial aerospace and defense platforms. The company has specific capabilities with difficult-to-machine geometries, hard metal […]