Trilantic Capital Partners has acquired a substantial minority interest in Traeger Pellet Grills, a designer, manufacturer and marketer of wood pellet grills. “Traeger management has developed a very strong product offering and a loyal following,” said Charlie Moore, a partner at Trilantic. “We look forward to helping the company execute on key growth initiatives going […]
Archives for July 1, 2013
Thoma Bravo Acquires Intuit’s Financial Services Business
Thoma Bravo has entered into an agreement acquire the Financial Services division (IFS) of Intuit for $1.025 billion in cash. Certain assets that are currently included in the IFS division, including OFX connectivity and Mint.com, will remain with Intuit. The transaction is expected to close in the next few months. “Thoma Bravo’s acquisition of IFS […]
Sun Capital Partners Exits American Standard
LIXIL Corporation has completed the acquisition of ASD Americas Holding Corp., the parent company of American Standard Brands, a manufacturer of kitchen and bath products and a portfolio company of Sun Capital Partners, at an enterprise value of $542 million. American Standard is a North American manufacturer of bath and kitchen products including bathroom and […]
Clearlake Capital Acquires Archer’s North American Rental and Tubular Division
Clearlake Capital Group has completed its acquisition of the North American Rental and Tubular Services divisions of Archer Limited, through a newly- formed company, IronGate Energy Services. Terry Keane, previously President of the Rental and Tubular divisions, will serve as President and Chief Executive Officer of IronGate. IronGate is a provider of rental and tubular […]
Blue Wolf Capital Acquires Suwannee Lumber
Blue Wolf Capital Partners has acquired substantially all of the assets of Suwannee Lumber Co., a manufacturer of softwood lumber. The company’s CEO, Frank “Bump” Faircloth, and President, Daniel Dickert, invested alongside Blue Wolf and will remain with the company as will others on the management team. Blue Wolf made the investment in Suwannee Lumber […]