Transactions

May River Merges Pump Makers

May River Capital, together with Longview Asset Management and Knox Capital Holdings, has formed Industrial Flow Solutions to facilitate the merger of BJM Pumps with Stancor BJM Pumps was acquired by May River in August 2017 and was the firm’s first acquisition in a strategy to create an industrial pump platform. Stancor was acquired by…

Blue Sage Closes All-State Buy

Blue Sage Capital has acquired All-State Industries, a manufacturer of non-metallic components used by original equipment manufacturers across a range of end markets. All-State’s products are used for sealing, acoustics, thermal management, motion control, instrumental panel and impact absorption applications for customers in the agricultural, mining, construction, truck, recreational vehicle, marine, medical, utility and power…

Sorenson Sells Axiom to Kordsa

Axiom Materials, a portfolio company of Sorenson Capital since August 2016, has agreed to be acquired by Kordsa. Kordsa is a manufacturer of industrial nylon and polyester yarn, tire cord fabric and single end cord. The company has been a subsidiary of Sabancı Holding, a publicly-traded industrial and financial conglomerate headquartered in Istanbul, Turkey, since…

Mason Wells Sells Aquion to Pentair

Mason Wells has sold Aquion, a water treatment equipment company, to publicly-traded Pentair for $160 million in cash. Mason Wells acquired Aquion through its third fund in December 2013 from Ares Capital. Aquion, with annual revenues of approximately $72 million, is a manufacturer of water treatment equipment and water quality products including water conditioners and…

Incline Closes Fifth Battery Add-On

Continental Batteries, a portfolio company of Incline Equity Partners, has acquired Battery Distributors (BDI). Continental Batteries is one of the largest independent battery distributors in the United States. BDI is a distributor of automotive batteries, commercial batteries, marine and RV deep cycle batteries as well as uninterruptible power supply (UPS) products, chargers, testers and other…

LFM Keeps Building Eckhart

Eckhart, a portfolio company of LFM Capital, has acquired Gasper Engineering. This is the sixth add-on acquisition for Eckhart since being acquired by LFM in June 2015. Gasper Engineering designs, builds, and integrates automated assembly, conveyance, labeling, and sortation systems for companies that are active in the aerospace, automotive, life science, packaging, and power generation…

News

Edgewater Hits Fund IV Hardcap

Edgewater Hits Fund IV Hardcap

Edgewater Capital Partners has held a final closing of Edgewater Capital Partners IV LP (ECP IV) at its hardcap of $185 million. Limited partners in the new fund include corporate…

Corridor Adds Investment Pro

Corridor Adds Investment Pro

Corridor Capital had hired Zack Stiefler as a principal on the firm’s investment team. Mr. Stiefler will be active in the evaluation, due diligence, financing and execution of new investment…

Canaccord Buys Petsky Prunier

Canaccord Buys Petsky Prunier

Canaccord Genuity Group has acquired investment bank Petsky Prunier and all of the firm’s partners have entered into employment agreements with Canaccord Genuity. Under the terms of the agreement, Canaccord…

Hidden Harbor Closes Debut Fund

Hidden Harbor Closes Debut Fund

Hidden Harbor Capital Partners has closed its debut fund, Hidden Harbor Capital Partners I LP, at an above-target $265 million. Boca Raton-based Hidden Harbor was formed in May 2016 by…

New Head of Tech at Advent

New Head of Tech at Advent

Advent International has hired Bryan Taylor as a managing partner to lead Advent’s technology investment team. He will be based in the firm’s new office in the San Francisco Bay…

TSG Consumer Closes Eighth Fund

TSG Consumer Closes Eighth Fund

TSG Consumer Partners has closed its eighth fund, TSG8 LP and TSG8 Parallel LP (the “Fund”), with an oversubscribed $4 billion of limited partner capital commitments. The new fund will…

Renovo Hits Hard-Cap for Fund III

Renovo Hits Hard-Cap for Fund III

Renovo Capital has closed its third fund, Renovo Capital Fund III LP, at the hard-cap of $225 million. The firm’s earlier fund closed in September 2014 with $132 million of…

Thoma Bravo Closes Fund XIII

Thoma Bravo Closes Fund XIII

Thoma Bravo has completed fundraising for Thoma Bravo Fund XIII LP with a hard-cap and oversubscribed close at $12.6 billion. Fund XIII received support from Thoma Bravo’s network of limited…

New Platform

Blue Sage Closes All-State Buy

Blue Sage Closes All-State Buy

Blue Sage Capital has acquired All-State Industries, a manufacturer of non-metallic components used by original equipment manufacturers across a range of end markets. All-State’s products are used for…

Excellere Buys SePRO

Excellere Buys SePRO

Excellere Partners has acquired SePRO Corporation, a provider of aquatic herbicides and algaecides. SePRO is a provider of products and services that help manage invasive weeds and algae…

Bow River Acquires Kivu Consulting

Bow River Acquires Kivu Consulting

Bow River Capital has agreed to acquire Kivu Consulting, a provider of cyber security consulting services. Kivu’s services include incident response, risk management, penetration testing, extortion and ransomware,…

Stellex Acquires Cisco Equipment

Stellex Acquires Cisco Equipment

Stellex Capital Management has acquired Cisco Equipment in partnership with the founding Sibert family and company management. Cisco Equipment sells and rents heavy equipment such as excavators, loaders,…

Bertram Acquires Fabric Maker

Bertram Acquires Fabric Maker

Bertram Capital has acquired Perennials and Sutherland from Acacia Partners which first invested in the company in December 2015. Perennials and Sutherland is a designer and manufacturer of…

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