Promus Equity Partners in partnership with Jon Vesely, an independent sponsor, have formed Associated Steel Group (ASG) for the purpose of acquiring companies in the metal building industry. ASG has completed its first acquisition with the purchase of ACI Building Systems. ACI Building Systems is a designer, manufacturer and seller of non-residential metal buildings and […]
Archives for September 6, 2012
LBC Credit Partners Backs Monomoy Acquisition
LBC Credit Partners has agented a $37.5 million senior secured term loan to support the purchase of High Performance Industries, by Monomoy Capital Partners. LBC also provided an equity co-investment in the transaction. High Performance Industries is a manufacturer of automotive aftermarket products doing business under the name Holley. “LBC gave us straight answers throughout […]
Sterling Partners Acquires Midwest Inspection Services
Desert NDT, a provider of nondestructive inspection services and a portfolio company of Sterling Partners, has acquired Midwest Inspection Services. This is Desert’s first purchase since being acquired by Sterling Partners in March 2012. “Desert NDT aspires to be the provider, employer and acquirer of choice in this sector, and we plan to grow our […]
Wasserstein Acquires High Pressure Equipment Company
Wasserstein & Co. has acquired High Pressure Equipment Company, a manufacturer of specialty valves, from the James family, who will retain an ongoing ownership interest. High Pressure Equipment Company is a manufacturer of valves, fittings, tubing and accessories for use in high pressure applications. The company’s products operate at pressures up to 150,000 psi and […]
Boathouse Capital Invests in Hawke Aerospace
Hawke Aerospace, a helicopter operator and maintenance provider, has closed on a recapitalization transaction with Boathouse Capital. Boathouse Capital invested $6 million in Hawke Aerospace to support its continued growth. Hawke Aerospace is the parent company of helicopter maintenance provider Uniflight; air medical operator Keystone Med-Flight; and Aviation Services, which provides airlift services primarily to […]
