Arlington Buys J&J Worldwide

Arlington Buys J&J Worldwide

Arlington Capital Partners has acquired J&J Worldwide Services. This buy is Arlington’s fourth investment for its fifth fund which closed in June 2019 with $1.7 billion of capital. Austin-based J&J Worldwide Services is an outsourced provider of facility maintenance services including operations support at military bases, and engineering services – environmental, housekeeping, janitorial, and custodial […]

Sonoma Brands Building Jerky Giant

Sonoma Brands Building Jerky Giant

Sonoma Brands has acquired Chef’s Cut Real Jerky. This buy follows Sonoma’s May acquisition of jerky maker KRAVE Pure Foods from Amplify Snack Brands, a business unit of The Hershey Company. Chef’s Cut’s product line includes jerky, meat sticks, and biltong that are made with real ingredients and premium cuts of steak, chicken, and turkey. […]

KKR Partners Up with Danaher Executive

KKR Partners Up with Danaher Executive

KKR has partnered with William “Dan” Daniel to seek and acquire industrial business headquartered in the United States. Mr. Daniel was the executive vice president of Danaher from 2008 through March 2020. Danaher designs, manufactures and markets professional, medical, industrial, and commercial products and services used in the life sciences, diagnostics, and environmental sectors. The […]

Succession Plan Initiated at Levine Leichtman

Succession Plan Initiated at Levine Leichtman

Levine Leichtman Capital Partners (LLCP) has announced a management succession plan that names Matthew Frankel and Michael Weinberg as managing partners. LLCP was founded in 1984 and its co-founders – Arthur Levine and Lauren Leichtman – will remain with the firm as co-chairpersons of its executive and investment committees. In their new roles, Messrs. Frankel […]

Warren Sees Green in Arborist Platform

Warren Sees Green in Arborist Platform

Warren Equity has closed two acquisitions in the arborist services sector with the buys of Gunnison Tree Services and New Urban Forestry. Gunnison Tree Services is a provider of tree and vegetation management services to utilities, governments, residential, and commercial customers in the Southeastern United States. The company has a specialization in highly technical tree […]

MKH Consolidating Car Wash Sector

MKH Consolidating Car Wash Sector

MKH Capital Partners has hired Thomas Welter to lead Clean Streak Ventures, its express car wash platform company. Orlando-headquartered Clean Streak was founded by MKH in November 2019 and operates ten locations in Florida. The company has closed three transactions in the past six months and plans to continue growing both organically and through add-on […]

HKW Closes Third Fresh Direct Add-On

HKW Closes Third Fresh Direct Add-On

Fresh Direct Produce, a distributor of fresh, ethnic, tropical, organic, and specialty produce and a portfolio company of HKW, has acquired Mike and Mike’s Organics. Mike and Mike’s is a non-grower distributor of organic fruits and vegetables sourced from the United States, Canada, and other countries. The company delivers more than 200 types of organic […]

Charlesbank’s New Credit Fund Hits Hard Cap

Charlesbank’s New Credit Fund Hits Hard Cap

Charlesbank Capital Partners has held a $700 million, oversubscribed, and hard cap closing of Charlesbank Credit Opportunities Fund II LP. The new fund’s original target was $500 million. Fund II has more than 30 institutional limited partners including public and corporate pensions, endowments, foundations, financial institutions, asset managers and family offices, as well as high […]

Platinum Enters Digital Cinema Sector

Platinum Enters Digital Cinema Sector

Platinum Equity has acquired the digital film distribution business of Deluxe Entertainment in partnership with the company’s former CEO Cyril Drabinsky. Deluxe was founded in 1915 as a film processing lab within Fox Film Corporation. The company was owned by MacAndrews & Forbes (controlled by Ronald Perelman) from 2006 to 2019 and struggled with negative […]

Oaktree’s Watco Buys Short Lines from Dow

Oaktree’s Watco Buys Short Lines from Dow

Watco Companies, a portfolio company of Oaktree Capital, has agreed to acquire the short line rail assets and related equipment of six North American manufacturing sites from Dow Chemical. Watco is a provider of transportation services through a network of short line railroads, terminals, ports, and mechanical facilities in North America and Australia. Oaktree acquired […]

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