Pelican Products, a portfolio company of Behrman Capital, has acquired Minnesota Thermal Science, a manufacturer of temperature controlled transportation products. Minnesota Thermal Science will become part of Pelican’s BioPharma division. Minnesota Thermal Science (MTS) is provides temperature controlled packaging products used for the safe transportation of pharmaceuticals, tissue, biologics, diagnostics and blood. The company is based…...
Archives for January 15, 2013
Wynnchurch Capital Exits 4Front Engineered Solutions
Wynnchurch Capital has sold 4Front Engineered Solutions, a manufacturer of loading dock equipment, to The Assa Abloy Group. “We are very satisfied with the successful sale of 4Front to The Assa Abloy Group, where we trust the company will continue its history of profitable growth under the leadership of Keith Moore and his team,” said…...
Tenex Capital Management Acquires Techniks
Tenex Capital Management has acquired Techniks, a designer and distributor of industrial tool holders. Simultaneous with the acquisition, Techniks was merged with another Tenex portfolio company, NAP GLADU. The merged companies then formed a new holding company called Quintec. NAP GLADU and Techniks will operate as stand-alone companies within Quintec. Brad Stack will continue in…...
Enhanced Capital Invests in Masthead
Enhanced Capital Partners, through its SBIC fund, Enhanced Small Business Investment Company, LP (“ESBIC”), has invested $9 million in senior subordinated notes issued by Masthead Industries, a wholesale distributor of industrial and hydraulic hoses. The investment by Enhanced Capital supports Masthead’s acquisition of Hosepower USA. Vulcan Capital, Paul G. Allen’s investment fund, also participated in…...
Former H.I.G. Managing Director Joins Highland Consumer Fund
Highland Consumer Fund – a fund led by Staples founder Tom Stemberg – has added Peter Cornetta as a new partner. Mr. Cornetta will focus on investing in growth-oriented companies and will work with existing portfolio companies of Highland. Mr. Cornetta has spent the last ten years in mergers and acquisitions leading investments in consumer…...
