O’Neil Capital Sells IBD to News Corp

O’Neil Capital Sells IBD to News Corp

News Corp has agreed to acquire Investor’s Business Daily from O’Neil Capital Management for $275 million. Investor’s Business Daily (IBD) was founded as Investor’s Daily in 1984 by William J. O’Neil. IBD operates the Investors.com website which reaches almost 11 million unique visitors each month. According to News Corp, a majority of IBD’s annual revenues […]

Audax Adds Shoe Cover Maker to Aspen

Audax Adds Shoe Cover Maker to Aspen

Aspen Surgical Products, a portfolio company of Audax Private Equity, has acquired BlueMed Medical Supplies. Montreal-headquartered BlueMed is a manufacturer of disposable shoe covers and other personal protection products used in healthcare, pharmaceutical, and laboratory facilities. The company is led by President Michel Kassar. “We are very excited to join forces with Aspen and contribute […]

Crane Carrier Sold to Battle Motors

Crane Carrier Sold to Battle Motors

Turnspire Capital Partners has sold its portfolio company Crane Carrier Company to Battle Motors. Turnspire formed Crane Carrier in December 2018 to acquire the specialty vehicle group of Hines Corporation, a manufacturer of heavy-duty truck chassis, complete vehicles and aftermarket parts. Crane Carrier’s products are used in the work truck industry and include custom, severe-service […]

Redwire’s Valuation Reaches Orbit

Redwire’s Valuation Reaches Orbit

Redwire, a portfolio company of AE Industrial Partners, has agreed to merge with publicly traded special purpose acquisition corporation Genesis Park Acquisition. AEI formed Redwire in June 2020 to combine Maryland-based Adcole Space with Colorado-based Deep Space Systems, a maker of advanced space components. AEI acquired Adcole Space in March 2020 (then Adcole Maryland Aerospace) […]

Arcline Acquires Hydrogen Fuel Equipment Maker

Arcline Acquires Hydrogen Fuel Equipment Maker

Arcline Investment Management has acquired PDC Machines in partnership with the founding Afzal family. PDC is a manufacturer of standard and custom specialty gas compression systems that are used in all stages of the hydrogen energy supply chain, including hydrogen production, transportation, storage, and refueling. Typical applications for the company’s products include fueling hydrogen-powered vehicles, […]

Dunes Point Buys Material Handling Integrators

Dunes Point Buys Material Handling Integrators

Dunes Point Capital has formed Hy-Tek Holdings to acquire Hy-Tek Material Handling and WorldSource Integration. Both companies are active as integrators of material handling systems. Hy-Tek and WorldSource provide new and used material handling equipment and integration services – including design, engineering, and installation – to the e-commerce, third-party logistics, and parcel processing sectors. Hy-Tek […]

Osceola Creates Company to Combine Compounders

Osceola Creates Company to Combine Compounders

Osceola Capital has partnered with industry veteran Jacob Beckel to launch Revelation Pharma as a platform investment to begin a consolidation of the 503A pharmacy compounding sector. As it begins its consolidation, Revelation Pharma will target 503A compounding pharmacies that have annual revenue of at least $1.5 million and EBITDA of at least $250K. Sub […]

Sun’s Return Rock Solid on Sale of StonePoint

Sun’s Return Rock Solid on Sale of StonePoint

Sun Capital Partners has agreed to sell StonePoint Materials to publicly traded Arcosa for $375 million. Sun Capital acquired StonePoint through a $205 million carve out of the VantaCore construction aggregates business from publicly traded Natural Resource Partners in December 2018 StonePoint provides crushed stone, sand and gravel that is used in commercial and residential […]

Kinderhook Builds Automotive Keys Group

Kinderhook Builds Automotive Keys Group

Automotive Keys Group, a portfolio company of Kinderhook Industries, has completed its second acquisition with the buy of Midwest Keyless. Automotive Keys Group (AKG) was formed by Kinderhook in January 2021 as a platform for consolidation in the automotive keys industry. The platform’s first buy was the Buffalo Group, a Chicago-based remanufacturer and distributor of […]

Blue Point Grabs Reins at Weaver Leather

Blue Point Grabs Reins at Weaver Leather

Blue Point Capital Partners has acquired Weaver Leather from River Associates which had acquired the company from Connecticut-based Capital Partners in March 2016. Weaver Leather manufactures and distributes branded and non-branded leather, nylon/synthetic, and hardware products used in the equine, pet, leather crafting, arborist, livestock and construction markets. Weaver Leather was founded in 1973 by […]