GenNx360 Exits Precinmac

GenNx360 Exits Precinmac

GenNx360 Capital Partners has sold Precinmac Precision Machining to Pine Island Capital Partners and Bain Capital Credit. Compass Partners Capital helped arrange this transaction and is investing alongside Pine Island and Bain Capital. Precinmac is a manufacturer of precision machined components and assemblies used in the semiconductor, oil and gas, commercial aerospace, defense, and industrial […]

Lindsay Goldberg Exits VDM Metals

Lindsay Goldberg Exits VDM Metals

Lindsay Goldberg has sold its portfolio company VDM Metals to Acerinox SA for €532 million comprised of €310 million in cash and the assumption of €222 million of debt, including pensions and other obligations. Lindsay Goldberg acquired VDM Metals through a carve-out from ThyssenKrupp in July 2015. VDM Metals is one of the largest European […]

Graycliff Sells Last-Mile Platform

Graycliff Sells Last-Mile Platform

Graycliff Partners has sold NAL Group, a provider of logistic services, to CRST International. Buffalo, New York-based NAL Group is a provider of logistics services including final mile delivery, installation and assembly to OEMs, retail and e-commerce companies. Customers of NAL include Best Buy, Costco, IKEA, Sam’s Club and Wayfair. Graycliff acquired NAL (North American […]

Blue Sea Sells NSi to Odyssey

Blue Sea Sells NSi to Odyssey

Blue Sea Capital has sold NSi Industries, an electrical components distributor, to Odyssey Investment Partners. NSi is a supplier of more than 4,000 SKUs of electrical connectors, fittings, control and wire management products for used in construction, maintenance and repair applications. Company-owned brands include Polaris insulated connectors; Bridgeport bushings, seals and connectors; TORK switches, timers […]

Snow Phipps Sells Kele to Stephens

Snow Phipps Sells Kele to Stephens

The Stephens Group has acquired Kele, a distributor of products used in commercial building automation systems, from Snow Phipps Group. Kele supplies control products including sensors, transmitters, switches, gauges and relays that are used in commercial and industrial buildings to detect and transmit information such as room temperature and humidity to building HVAC controllers. Kele […]

Parthenon Sells ScentAir to CITIC

Parthenon Sells ScentAir to CITIC

Parthenon Capital has sold ScentAir, a provider of scent marketing products and services, to CITIC Capital. Scent marketing is the use of smells and aromas to strengthen the connection between a customer and a brand. The strategy is becoming more widely used by companies to differentiate their products and bolster their sales. As an example, […]

Kinderhook Exits Specialty Vehicle Maker

Kinderhook Exits Specialty Vehicle Maker

Kinderhook Industries has agreed to sell SCA Performance (SCA), an OEM authorized specialty vehicle manufacturer, to publicly traded Fox Factory for $328 million. Kinderhook acquired SCA in April 2018 in partnership with the founding McSweeney family. SCA is a provider of vehicle upgrades for specialty light-duty trucks. The company’s upgrades include wheels, tires, bumpers, lighting, […]

Gridiron Sells Dent Wizard, Invests in Dealer Tire

Gridiron Sells Dent Wizard, Invests in Dealer Tire

Gridiron Capital has closed the sale of Dent Wizard, a provider of automotive reconditioning services and vehicle protection products, to Dealer Tire, a portfolio company of Bain Capital. As part of this transaction, Gridiron is making a new investment in the combined platform alongside Bain Capital who remains as the majority shareholder. Dealer Tire manages […]

Kian Hits 5.5x Return on Sale of Empire

Kian Hits 5.5x Return on Sale of Empire

After a four year hold, Kian Capital has sold Empire Group, a wholesale distributor of commercial foodservice equipment, to PNC Riverarch Capital. Customers of Empire include more than 5,500 foodservice equipment dealers, service organizations, buying groups and national chain accounts. The company, led by CEO Jim Kirkland and CFO Keith Bilyeu, was founded in 1985 […]

After Dismissed FTC Objection, OEP Closes Sale of PeroxyChem

After Dismissed FTC Objection, OEP Closes Sale of PeroxyChem

One Equity Partners has completed the sale of PeroxyChem, a maker of peroxygen chemistries, to publicly traded Evonik Industries for $640 million. The valuation multiple for this transaction appears below. PeroxyChem is a manufacturer of hydrogen peroxide, peracetic acid, calcium peroxide, and persulfates in a range of concentrations and purities. The company’s products are used […]

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