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 […]

Kinderhook Gets Big Multiple on Stratus Exit

Kinderhook Gets Big Multiple on Stratus Exit

Kinderhook Industries has agreed to sell Stratus Video to publicly traded AMN Healthcare Services for $475 million. The valuation multiple for this transaction appears later in this article. Clearwater, Florida-based Stratus Video is a provider of video remote interpretation, over-the-phone interpretation and in-person interpretation services used in the healthcare industry. The company has a network […]

Pretium Packaging Switches Sponsors

Pretium Packaging Switches Sponsors

Genstar has sold Pretium Packaging, a manufacturer of plastic containers and closures, to Clearlake Capital Group. Pretium Packaging is a manufacturer of plastic containers and closures for the food; specialty beverage; household and industrial cleaner; sports nutrition and health; and beauty product industries. Pretium, with more than $450 million in annual revenues, has more than […]

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 […]