Wynnchurch Capital has acquired Principal Industries, a provider of LED components and engineered assemblies, from Valesco Industries which acquired the company in January 2018. Principal Industries designs and manufactures LED products for signage and architectural branding illumination. The company’s product lineup includes LED modules, linear and edge lighting, power modules, drivers and controls, and custom-engineered […]
Archives for November 19, 2024
Artemis Expands Industrial Tech Holdings with Diamond Buy
Artemis Capital Partners has acquired Diamond Antenna and Microwave Corporation (Diamond), a designer and manufacturer of radio frequency and electromechanical products. Diamond specializes in highly engineered rotary joints and rotating subsystems that facilitate the transfer of signals, power, and data between spinning and non-spinning machine components. Diamond’s products are integral to applications such as radar, […]
New Heritage Exits Midwest Corporate Foodservice Giant
New Heritage Capital has finalized the sale of Continental Services, a Detroit-based corporate foodservice provider, to Morgan Street Holdings. New Heritage Capital acquired Continental Services in February 2017. Continental Services is one of the largest corporate foodservice providers in the Midwest and one of the largest Compass Group franchisees. The company offers various services to […]
After an Active Consolidation Effort, Odyssey Exits NSI
Odyssey Investment Partners has sold NSI Industries, a provider of branded electrical and HVAC components, to Sentinel Capital Partners. NSI offers more than 20,000 SKUs, including Polaris insulated connectors, Bridgeport brand conduit fittings, and TORK lighting controls such as timers and photo controls. In the HVAC category, NSI provides sheet metal and ductwork components under […]
Rapid Evolution: How the Growth of Strategic Capital is Fueling a New Approach to Value Creation
rivate equity general partners (GPs) are incredibly busy, although M&A volume might suggest sponsors aren’t as active as they were in 2021 and 2022. Their focus, however, has been on efforts to accelerate and enhance value creation within their existing portfolios. The data bears this out. For one, the median hold period at exit continues […]
