Heartwood Partners, in partnership with Royal Products’ senior management team, has made a growth equity investment in the company. Royal Products is a manufacturer and distributor of metalworking accessories that improve the performance, productivity, and profitability of computer numerical control (CNC) machine tools, including CNC lathes, machining centers, and grinders. Royal’s products include workholding accessories, […]
Archives for September 23, 2024
Private Capital Can Save America’s Crumbling Roads and Bridges
Even with the landmark $1.3 trillion 2021 infrastructure bill under its belt, the Biden Administration returned to Congress this summer to ask for more money to repair Maryland’s critically damaged Francis Scott Key Bridge. The lack of available federal funds underlines how empty governmental coffers are and how much more is needed for infrastructure repair. […]
Mill Point’s CREO Group Buys United Solutions
CREO Group, a Mill Point Capital portfolio company, has acquired United Solutions. Mill Point formed CREO Group in June 2024 to consolidate its investments in Nursery Supplies Inc. and to provide a platform for further investments in the horticultural sector. Nursery Supplies was founded in 1966 and was the country’s first producer of plastic containers specifically […]
KKR Closes $4.6 Billion Ascendant Fund
KKR has held a final closing of KKR Ascendant Fund SCSP (Fund I) with $4.6 billion of capital. The new fund was oversubscribed and closed at its hard cap. KKR’s Ascendant strategy was launched in 2022 to invest in North American-headquartered middle-market companies in seven industry verticals: consumer, financial services, health care, industrials, media, software, […]
