Transactions

CIVC Forms Specialized Elevator Services

CIVC Partners has formed Specialized Elevator Services Holdings to acquire San Francisco Elevator, Ascent Elevator, and Specialized Elevator. All three companies are providers of elevator maintenance and repair services. Specialized Elevator Services Holdings (SESH) has offices in Dublin, CA (near San Francisco), Los Angeles and San Diego. The combined operations of SESH provide services to…

Saw Mill Takes Climate Pros to Texas

Climate Pros, a portfolio company of Saw Mill Capital, has acquired Norfoxx Refrigeration and Tri-Temp Refrigeration. Both Norfoxx and Tri-Temp are providers of refrigeration and HVAC services in Texas. Norfoxx serves the cities of Dallas, Fort Worth, Austin, San Antonio, Corpus Christi and McAllen while Tri-Temp serves the Houston metropolitan area (www.norfoxxinc.com) (www.ttri.com). Saw Mill…

Fairchild Adds to Weco

Weco Manufacturing, a portfolio company of Fairchild Capital Partners since January 2019, has acquired PTC Precision/Progressive Tool. PTC Precision/Progressive Tool is a manufacturer of components used in aerospace, defense, medical, optical, and other commercial applications. The company was founded in 1956 and is headquartered in Endwell, NY (www.progressivetool.com). Weco is a provider of design, prototyping,…

KPS to Buy Howden from Colfax

KPS Capital Partners has signed an agreement to acquire Howden from publicly traded Colfax Corporation for $1.8 billion. Howden is a manufacturer of fans, compressors, heat exchangers, steam turbines, and other air and gas handling equipment used in the industrial, power, oil & gas, and mining industries. The company also provides post-sale services including spare…

Golden Gate Hits Big Multiple on Exit

Golden Gate Capital has agreed to sell specialty chemical maker ArrMaz to Arkema Group for approximately $570 million. ArrMaz was acquired by Golden Gate Capital in December 2012. ArrMaz is a producer of custom formulated specialty chemicals used as functional additives and process aids to the fertilizer and asphalt industries and it also provides specialty…

Gamut Building Tool Giant

JPW Industries, a portfolio company of Gamut Capital Management since July 2017, has acquired Baileigh Industrial Holdings. Baileigh is a manufacturer and distributor of over 500 metalworking and woodworking products sold under the Baileigh brand across the US and Europe. In March 2018, Baileigh acquired Two Rivers, WI-based Rusch Machine and Design, a manufacturer of…

News

New Biz Development Pro at Aurora

New Biz Development Pro at Aurora

Aurora Capital Partners has added Scott Erickson to its team as Principal, Business Development. Mr. Erickson has more than 12 years of business development, origination, and marketing experience. Prior to…

Kroger and Lindsay Goldberg Form PearlRock

Kroger and Lindsay Goldberg Form PearlRock

The Kroger Co. and Lindsay Goldberg have formed PearlRock Partners to invest in consumer product brands. According to the two founders, PearlRock will be one of the largest data-driven investment…

Nobel Laureate Joins General Atlantic

Nobel Laureate Joins General Atlantic

General Atlantic has added world-renowned economist and Nobel Laureate Michael Spence to its team as a special advisor. A recognized expert in macro and micro economic growth, Dr. Spence serves…

Gallant Adds Biz Development Pro

Gallant Adds Biz Development Pro

Gallant Capital has hired Jamie Kim as the firm’s new head of business development. Ms. Kim is responsible for sourcing and assessing investment opportunities, managing relationships with transaction advisors and…

Mason Joins FTV Capital as Partner

Mason Joins FTV Capital as Partner

FTV Capital has added Alex Mason as a new partner. Mr. Mason will focus on enterprise technology and technology-enabled services investments from the firm’s San Francisco office. Mr. Mason joins…

TA Hits Hard Cap on Lucky 13

TA Hits Hard Cap on Lucky 13

TA Associates has held a first, final, and hard cap closing of its thirteenth fund, TA XIII LP, with total capital commitments of $8.5 billion. TA began raising the new…

TPG Closes New Tech Fund

TPG Closes New Tech Fund

TPG has closed TPG Tech Adjacencies LP (TTAD) with $1.6 billion in capital commitments, surpassing its hard cap of $1.5 billion. TTAD will target investments in the technology industry and…

Enlightenment Closes at Hard Cap

Enlightenment Closes at Hard Cap

Enlightenment Capital has held a hard cap close of its third fund with $250 million in capital commitments. The fund’s original target was $200 million. Enlightenment Capital provides senior debt,…

New Platform

CIVC Forms Specialized Elevator Services

CIVC Forms Specialized Elevator Services

CIVC Partners has formed Specialized Elevator Services Holdings to acquire San Francisco Elevator, Ascent Elevator, and Specialized Elevator. All three companies are providers of elevator maintenance and repair…

KPS to Buy Howden from Colfax

KPS to Buy Howden from Colfax

KPS Capital Partners has signed an agreement to acquire Howden from publicly traded Colfax Corporation for $1.8 billion. Howden is a manufacturer of fans, compressors, heat exchangers, steam…

Milacron’s Blow Molding Business Sold

Milacron’s Blow Molding Business Sold

Osgood Capital Group and Cyprium Investment Partners have agreed to buy the Uniloy blow molding machinery business of publicly traded Milacron Holdings Corp. Uniloy’s line of blow molding…

BlackBern Acquires Zentech

BlackBern Acquires Zentech

BlackBern Partners has acquired Zentech Manufacturing in partnership with the company’s management team and incoming CEO Steve Pudles. Zentech is an electronics contract manufacturer specializing in the design…

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