Alliance Laundry Holdings, a portfolio company of Ontario Teachers’ Pension Plan which is managed by its private equity investment division Teachers’ Private Capital, has acquired Primus Laundry Equipment Group. Completion of the transaction is expected by the end of March. Primus Laundry Equipment Group markets commercial washer-extractors, tumbler dryers, ironers and feeding and folding equipment…...
Archives for February 14, 2014
Keystone Capital Exits Eagleton Engineering
Keystone Capital has sold its portfolio company Eagleton Engineering to Jacobs Engineering Group. Eagleton Engineering provides planning, design, and construction services for transportation systems and facilities used in natural gas and gas liquids, petrochemicals, carbon dioxide, other industrial gases and crude oil. Typical projects include pipelines, terminals, compressor and pump stations, oil and gas production…...
High Road Acquires Canadian Process & Control
Celco Controls, a portfolio company of High Road Capital Partners, has completed the acquisition of Canadian Process & Control. The transaction closed on January 29, 2014. Canadian Process & Control designs, manufactures, and installs customized process control systems for the resource, refining, chemical, wastewater treatment, and manufacturing industries. The company was founded in 1963 and…...
Francisco Partners Completes Sale of API Healthcare to GE
GE has completed the previously announced acquisition of API Healthcare, a provider of software and analytics to the healthcare industry and a portfolio company of Francisco Partners. “The GE and API Healthcare systems are such a good fit and perfectly align with GE’s Industrial Internet strategy,” said Mike Swinford, president and CEO of GE Healthcare…...
RLJ Credit Management Closes First Fund
RLJ Credit Management has closed RLJ Credit Opportunity Fund I, LP. With the closing of this Fund, RLJ Credit now has approximately $135 million in assets under management. “RLJ Credit and its limited partners are pleased that, in cooperation with the SBA, we have created one of the largest minority-owned SBIC Funds. Under the direction…...
