ONDEX Automation, an industrial automation platform formed by Shore Capital Partners, has acquired LIVE Automation. ONDEX was formed by Shore in November 2023, and the acquisition of LIVE Automation is the platform’s first purchase. Shore aims to grow ONDEX into a $100 million annual revenue business. Chicago-headquartered ONDEX is led by CEO Justin Kerr, an […]
Archives for August 6, 2024
Behrman to Sell kSARIA to ITT for $475 Million
After a 4.5 year hold, Behrman Capital has agreed to sell its portfolio company kSARIA Holdings to ITT for $475 million. kSARIA is a provider of interconnect products and services used in avionics, sensors, communications, and networking applications, including fiber optic and electrical cable assemblies and harnesses, RF and microwave assemblies, and flexible metal conduit […]
Stellex Forges Ahead with Carve Out from Arcosa
Stellex Capital Management has agreed to acquire McConway & Torley and Standard Forged Products (together MTSF) from publicly traded Arcosa. McConway & Torley (MT) specializes in manufacturing steel castings for the railroad industry, including couplers, yokes, and knuckles. In the railroad industry, couplers connect train cars, yokes support and align the couplers, and knuckles are […]
Palladium Gets a New President
Palladium Equity Partners has promoted Partner Daniel Ilundain to President. Mr. Ilundain has a 21-year history with Palladium, beginning in 2003 as an investor in Palladium when he was an investment manager at BBVA, a Spain-based private equity firm. He joined Palladium in 2005 and currently serves as co-head of Palladium’s middle-market-focused Flagship Funds. Mr. […]
