TruArc Partners has acquired Molded Devices, a maker of complex plastic and rubber components used in medical devices, and aerospace, industrial, and energy production applications. TruArc acquired Molded Devices from its founder Brian Anderson and PNC Mezzanine Capital. PNC Mezzanine invested senior subordinated debt and preferred stock in Molded Devices in 2015 to finance a…...
New Platform
J.F. Lehman, Apollo, and Hill City Team Up to Buy Atlas Air Worldwide
Publicly traded Atlas Air Worldwide has agreed to be acquired by an investor group that includes J.F. Lehman & Company, Apollo and Hill City Capital, in an all-cash transaction with an enterprise valuation of $5.2 billion. Atlas Air Worldwide (AAW) is a provider of outsourced aircraft and aviation operating services. The company’s wholly owned subsidiaries…...
Soundcore Paving the Way
Soundcore Capital Partners has acquired its first platform for its third fund with the buy of ACI Asphalt & Concrete (ACI). ACI is a provider of asphalt and concrete installation, maintenance and repair services to commercial parking lot and multi-family homeowner associations. The company, led by founder and CEO Jim Bebo and President Justin Pomerleau,…...
New Mountain Carves Out Unit of PerkinElmer
New Mountain Capital has agreed to acquire PerkinElmer’s Applied, Food and Enterprise Services businesses (AFES) for $2.45 billion in total consideration including $2.3 billion in cash at closing and up to $150 million of future contingent consideration. PerkinElmer (NYSE: PKI) is a provider of products and services used by scientists, researchers and clinicians to diagnose…...
AEA Acquires Burke Porter Group
The middle market group of AEA Investors has acquired Burke Porter Group Company a portfolio company of China Everbright. China Everbright acquired Burke Porter in 2015 through its CEL Global Investment Fund LP. Burke Porter (BPG) specializes in automating high-precision processes and is a supplier of automated diagnostic, testing and production equipment used in life…...
