Fairbanks Morse Defense, a portfolio company of Arcline Investment Management, has acquired Hunt Valve from May River Capital. Hunt Valve is a manufacturer of specialty valves used by the United States Navy, Royal Canadian Navy, and numerous industrial customers. The company’s products are used in nuclear-powered vessels, including all submarines and aircraft carriers, surface combatant…...
Transactions
Align Sells Pleatco to Pentair
Align Capital Partners (ACP) has agreed to sell its portfolio company Pleatco Filtration to publicly traded Pentair for $255 million in cash. Pleatco designs and manufactures pleated filter cartridges, DE grids (diatomaceous earth – a type of filtration material) and filter wash products used in the industrial air and pool/spa markets. Pleatco’s aftermarket filtration products…...
Cerberus Launches Mattress Platform
Cerberus Capital Management has formed a new direct-to-consumer mattress platform to acquire Brooklyn Bedding and Helix Sleep. The founders and current shareholders of Brooklyn Bedding and Helix Sleep will have a minority ownership interest in the yet unnamed new platform. Brooklyn Bedding is a manufacturer and direct-to-consumer seller of mattresses, pillows and other sleeping accessories…....
Grey Mountain’s Dimex Sold to Westlake
Publicly traded Westlake Chemical has acquired Dimex, a manufacturer of plastic extruded products, from Grey Mountain Partners. Dimex is a manufacturer of plastic extruded consumer and building products using post-industrial recycled materials. The company’s products – made from polyethylene, rigid and flexible polyvinyl chloride or EPDM (ethylene propylene diene monomer) rubber – include landscape edging;…...
GS Foods Closes Fifth 2021 Add-On
GS Foods Group, a portfolio company of Highview Capital and A&M Capital Partners, has acquired C&C Produce. Kansas City-headquartered C&C is a distributor of produce products sourced from more than 100 local growers. The company’s 200,000 square foot warehouse, with 10 separate coolers that allows C&C to warehouse a large variety and inventory of products,…...
