The Hilb Group, a national insurance broker and a portfolio company of Abry Partners, has agreed to be acquired by The Carlyle Group. Hilb’s existing management team and employee shareholders are expected to remain significant shareholders in the company in partnership with Carlyle. The Hilb Group is a middle-market insurance broker with more than 900…...
Archives for October 30, 2019
MFG and Merit Team Up On Elgen Buy
MFG Partners and Merit Capital Partners have acquired Elgen Manufacturing Company, a maker of ductwork accessory products, in partnership with the company’s management team. Elgen is a manufacturer of HVAC hardware, accessories and sheet metal parts used by HVAC contractors, fabricators, and resellers. The company’s products – largely made from galvanized and stainless steel, and…...
Huron Continues Growth of Auction Biz
XLerate Group, a portfolio company of Huron Capital, has acquired Columbus Fair Auto Auction. This is the eighth add-on completed by Huron since acquiring XLerate in May 2014. Columbus Fair Auto Auction (CFAA) conducts financial institution, fleet/lease and dealer consignment sales each Wednesday. The auction operates an 11-lane arena, reconditioning facility, body shop and mechanical…...
ILPA Publishes Model LP Agreement
The Institutional Limited Partners Association (ILPA) has just released the first publicly available Model Limited Partnership Agreement (LPA) for the private equity industry. A link to download the agreement is available at the end of this article. The new legal template, which is available for complimentary, industry-wide use, conforms to ILPA Principles 3.0 (first published…...
