Gallant Capital Partners has acquired Quality Built, a national provider of third-party inspection services to the residential and commercial construction industries including single-family, multifamily and commercial construction. Quality Built delivers its quality assurance services through a software platform and proprietary database that allows its customers – predominantly construction and insurance companies – to mitigate risk, […]
Archives for April 2019
Inverness Graham Continues Dental Build
Vista Dental, a portfolio company of Inverness Graham, has acquired Apex Dental Materials. Apex Dental is a branded manufacturer of restorative dental materials including adhesives, primers, composites, and cements. The company was founded in 1998 and is headquartered north of Chicago in Lake Zurich, IL (www.apexdentalmaterials.com). Inverness Graham acquired Vista Dental in July 2018 as […]
With New Fund, Hidden Harbor Expands Team
Lower middle market investor Hidden Harbor Capital Partners has hired Adam Hanselman as a vice president in its portfolio operations group and Daniel Matam as an associate on its investment team. Mr. Hanselman will be active in working with the firm’s portfolio companies on both value creation and implementing standard operating procedures. Mr. Matam will […]
O2 Adds and Promotes
O2 Investment Partners has hired Charlie Miller as an associate on the firm’s investment team. Mr. Miller will be responsible for evaluating new transactions, conducting due diligence, underwriting new investments, and working with O2’s portfolio companies. Prior to joining O2, Mr. Miller was an associate with Southfield, MI-based P&M Corporate Finance (PMCF), an affiliate of […]
Tailwind and OEP Merge Portfolio Cos
Anvil International, a portfolio company of One Equity Partners, has agreed to merge with Smith-Cooper International, a portfolio company of Tailwind Capital. The combination of Smith-Cooper and Anvil will be majority owned by Tailwind Capital. Tailwind acquired Smith-Cooper from Blue Point Capital Partners in November 2017 and One Equity Partners acquired Anvil from publicly-traded Mueller […]
Peak Rock Closes Buy of Turkey Hill
Peak Rock Capital has closed the buy of Kroger’s Turkey Hill business for total consideration of $215 million. Kroger had been exploring its strategic options for Turkey Hill since August 2018 and previously agreed to sell the business to Peak Rock in March 2019. Turkey Hill produces a full line of iced teas, fruit drinks, […]
LLR Invests in Magaya
LLR Partners has made an investment in Magaya Corporation, a provider of warehouse, cargo and supply chain management software. Magaya’s software products are used to automate and improve business operations for freight forwarders, 3rd party logistics, wholesalers and distributors. The company’s software products process orders, manage and optimize warehouses, and is fully integrated with accounting […]
Eberhart Expands Shipping Platform
Eberhart Capital has acquired TBI, a provider of full truckload refrigerated and dry van shipment services to the continental US. TBI’s state-of-the-art refrigerated trailers allow shippers to have single, dual, or triple temperatures within one trailer and its fleet of trucks also has satellite tracking functions that allow for the remote setting and monitoring of […]
Lariat Sells Jacent to Gridiron
Lariat Partners has sold Jacent, a distributor and merchandiser of non-edible, general merchandise impulse items sold through grocery stores and other retail channels, to Gridiron Capital. Jacent sources, warehouses, ships, and stocks over 3,500 impulse items to more than 15,000 grocery stores across the US and Canada. In addition to its impulse products business, Jacent […]
CD&R Adds J&J Operating Pro
Clayton, Dubilier & Rice today has added Sandra Peterson, former group worldwide chairman of Johnson & Johnson, as an operating partner. Ms. Peterson joins CD&R after a long, successful career driving innovation and improved operational performance across large, global businesses. From 2012 to 2018, Ms. Peterson led Johnson & Johnson’s consumer and medical devices businesses […]
Gryphon Adds Again to JENSEN HUGHES
JENSEN HUGHES, a portfolio company of Gryphon Investors, has acquired Hillard Heintze, a provider of security risk management services and investigation services for Fortune-ranked companies, professional sports leagues, law enforcement agencies, and affluent families. Hillard Heintze operates through five practices: Security Risk Management, Threat and Violence Risk Management, Investigations, Law Enforcement Consulting, and Private Client […]
Francisco Buys PayScale
PayScale, a provider of SaaS-based compensation data and analytics and a portfolio company of Warburg Pincus, has been acquired by Francisco Partners at an enterprise value of $325 million. PayScale is a provider of compensation software and data that is used by more than 8,000 customers – from small businesses to Fortune 500 companies – […]
BV Continues Investing in Outsourced Services
BV Investment Partners has acquired Franco Signor, a provider of Medicare Secondary Payer (MSP) compliance services to self-insured companies, insurers, and third-party administrators. Franco Signor is a full-service outsourced provider of MSP compliance software and services. The company’s services are used by its customers to manage MSP-related matters on workers’ compensation, no-fault, and liability claims […]
Willcrest and Curran Acquire Precision Aerospace
Precision Aerospace, a provider of metal assemblies for aerospace and industrial applications, has been acquired by Willcrest Partners and Curran Companies, two operationally focused family offices. Precision Aerospace is a supplier of machined sheet metal fabrications, including welded and mechanical assemblies, that are used in the aerospace industry, primarily for engine and exhaust applications. Specific […]
Arsenal Has Quick and Oversubscribed Fund V Close
Arsenal Capital Partners has completed fundraising for Arsenal Capital Fund V LP with an oversubscribed $2.3 billion of committed capital. The firm’s previous fund closed in October 2016 with $1.3 billion of committed capital. Fund V’s investor base is international in scope, with 58% of the capital coming from the United States, 33% from Europe, […]
Crestview Sells JR Automation to Hitachi
Crestview Partners has agreed to sell JR Automation Technologies to Hitachi for $1.4 billion. Crestview acquired JR Automation in March 2015 from Huizenga Automation Group. A source close to Private Equity Professional reports that this transaction netted Crestview a 7.5x return on its equity. With a four-year hold this calculates to a 65% IRR. JR […]
Comvest Buys VanDeMark Chemical
Comvest Partners has acquired VanDeMark Chemical, a manufacturer of phosgene and phosgene derivatives, from Verus Investment Partners. Phosgene is a colorless gas and is extremely hazardous to manufacture and transport. The chemical compound is a critical raw material for many pharmaceutical, agricultural, and specialty chemical products. VanDeMark’s phosgene products include a range of more than […]
Bain: Healthcare Private Equity Has Banner Year
According to Bain & Company’s eighth Global Healthcare Private Equity and Corporate M&A Report healthcare private equity outperformed other asset classes in 2018. In the face of growing economic and sociopolitical instability across the globe, healthcare assets attracted investors at record levels last year. Disclosed deal values surged almost 50 percent to $63.1 billion, topping […]