LFM Capital has acquired Fecon, a maker of heavy-duty forestry equipment. Abacus Finance Group provided the senior debt to support this acquisition. Fecon designs and manufactures heavy-duty forestry mulching equipment and related forestry accessories including its patented line of Bull Hog attachments (which include carrier, skid steer and excavator mounted rotational brush cutting and forestry…...
Archives for November 9, 2018
Incline Builds Bearing Business
P.T. International, a portfolio company of Incline Equity Partners, has acquired IPTCI Bearings. Incline acquired P.T. International from Tonka Bay Equity Partners in January 2018. IPTCI specializes in the supply of standard and corrosion resistant mounted ball bearings to the industrial, agricultural and food and beverage industries. The company has been in business for more…...
TorQuest Invests in Cando Rail Services
TorQuest Partners has acquired Cando Rail Services, a provider of specialized rail support services that allow industrial customers to optimize their bulk material supply chain and connect to Class 1 railways. Cando Rail Services provides a range of rail services, including industrial switching, material handling, logistics, terminal & transload services, mechanical services, railcar storage, and…...
New Heritage Keeps Building Continental
Continental Services, a portfolio company of New Heritage Capital, has acquired United Vending & Market Service. Continental was acquired by New Heritage in February 2017. United Vending & Market Services is a provider of vending, micro-market and office coffee services to customers in the metropolitan Detroit area. The company is headquartered near Detroit in Ferndale,…...
