LFM Closes First Exit from First Fund

LFM Closes First Exit from First Fund

After a three-year hold, LFM Capital has sold EDSCO Fasteners to MiddleGround Capital. EDSCO is a supplier of foundation anchoring systems for power transmission poles and substation structures. The company’s anchoring systems – which range from specialty fabricated bolts to highly-engineered anchoring cages – are typically embedded in concrete foundations and are engineered to allow […]

Jordan Sells Borchers to Milliken

Jordan Sells Borchers to Milliken

Milliken & Company has agreed to acquire specialty chemicals maker Borchers Group from The Jordan Company (TJC). Borchers, acquired by TJC in January 2017, is a provider of coatings, inks and adhesives that are used in a variety of applications and end markets by more than 1,000 customers. The company’s product portfolio includes cobalt-free driers […]

After Long Hold, Blue Point Sells Lion to Encore

After Long Hold, Blue Point Sells Lion to Encore

Encore Consumer Capital has acquired Lion Beverages, a contract and branded manufacturer of specialty beverages, from Blue Point Capital Partners. Lion Beverages provides brewing, blending, canning, bottling, and packaging services for a wide array of customers including large national beverage brands. The company’s products include energy drinks, non-alcoholic brewed beverages, better-for-you sodas, and craft beer. […]

Graycliff Sells 901D to Curtiss-Wright

Graycliff Sells 901D to Curtiss-Wright

Graycliff Partners has sold 901D, a manufacturer of electronic systems and ruggedized shipboard enclosures used in military applications, to publicly traded Curtiss-Wright for $132 million in cash. 901D’s protective enclosure-based systems are made to customers’ exact specifications and are used with shipboard computing systems, command and control systems, vehicle communications systems and unmanned surveillance systems […]

SPC Hits Sweet Multiple on Sale to Hostess

SPC Hits Sweet Multiple on Sale to Hostess

Swander Pace Capital has closed the sale of Voortman Cookies to Hostess Brands for $320 million (C$425 million) in cash. Voortman makes more than 60 varieties of cookies and wafers, including a line of sugar-free/no sugar added products. The company’s products are sold in supermarkets across Canada, the United States, Puerto Rico, and in 70 […]

BC and Carlyle Sell Final Piece of Accudyne

BC and Carlyle Sell Final Piece of Accudyne

Warburg Pincus has agreed to acquire Sundyne, a manufacturer of flow control equipment, from Accudyne Industries, a portfolio company of BC Partners and The Carlyle Group. Sundyne designs, manufactures and provides aftermarket support for centrifugal pumps and compressors that are used in hydrocarbon processing, chemical processing, power generation, industrial, and high-pressure water applications in the […]

Clairvest Rings Exit Bell Again

Clairvest Rings Exit Bell Again

The Clairvest Group has sold County Waste of Virginia, a regional solid waste management company, to GFL Environmental, a portfolio company of BC Partners and Ontario Teachers’ Pension Plan. County Waste provides residential, commercial, industrial, and construction and demolition (C&D) waste collection, disposal and recycling services in the Virginia and Pennsylvania regions. The company, led […]

Audax Bests 9x on Sale of CURT Group

Audax Bests 9x on Sale of CURT Group

Audax Private Equity has sold CURT Group, a manufacturer and distributor of towing equipment for cars and trucks, to Lippert Components, a subsidiary of publicly traded LCI Industries. The purchase price for CURT was $340 million and the EBITDA valuation multiple for this transaction appears below. CURT is a designer, manufacturer, marketer and distributor of […]

Crestview Hits Big Number on Latest Exit

Crestview Hits Big Number on Latest Exit

Crestview Partners has closed the April 2019 announced sale of JR Automation Technologies to Hitachi for $1.4 billion. Crestview’s return multiple on invested capital and the IRR for this transaction appear below. JR Automation is a designer, manufacturer, and systems integrator of automated or manually operated assembly line equipment such as sonic welders, riveters, adhesive […]

J.H. Whitney Exits Confluence Outdoor

J.H. Whitney Exits Confluence Outdoor

Pelican International, a portfolio company of Fonds de solidarité FTQ (Funds FTQ), has acquired Confluence Outdoor, a portfolio company of J.H. Whitney. Confluence is a designer, manufacturer, and marketer of kayaks, canoes, surf and stand-up paddleboards, and related accessories. Company-owned brand names include Wilderness Systems, Perception, Dagger, Mad River Canoe, Harmony Gear, and Boardworks. Confluence […]

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