Velocity Aerospace Group, a portfolio company of Prospect Partners, has acquired E.D.N. Aviation, a provider of aviation repair services. This acquisition expands Velocity’s repair and overhaul service capabilities into control panel services. EDN will continue to be led by its current management team. E.D.N. Aviation manufactures, repairs and refurbishes aircraft cockpit panels. The company also…...
Archives for April 22, 2014
Balance Point Acquires Johnny on the Spot
Balance Point Capital Partners has acquired Johnny on the Spot, a provider of portable toilets and related products. Johnny on the Spot (JOTS) is a provider of portable toilets and related products to the special event and construction industries, as well as residential and commercial septic system maintenance, inspections, repairs and installations in New Jersey,…...
Great Point Invests in Corrona
Great Point Partners has made an investment in Corrona, a provider of health care data with a specific emphasis on rheumatoid arthritis. “Great Point demonstrated their potential value to Corrona during our first meeting and stood out from other potential private equity partners,” said James Cavan, President and COO of Corrona. “The team was impressively…...
HKW Closes Fourth Fund Above Target
Hammond, Kennedy, Whitney & Company (HKW) has completed the final closing of limited partner commitments for its latest private equity fund, HKW Capital Partners IV (Fund IV), with $316 million of capital commitments, exceeding its $300 million target. “We appreciate the support from both our existing investor base and from several new institutional investors,” said…...
Mansa Gets Greenlight from SBA
Mansa Capital Management has received a Green Light letter from the US Small Business Administration (SBA) to continue its application process to obtain a license to form and operate a Small Business Investment Company (SBIC). Green Light letters are issued by the SBA to enable firms to move toward application for licensure of a fund…...
