Sentinel Closes Sale of Pet Supplies Plus

Sentinel Closes Sale of Pet Supplies Plus

Sentinel Capital Partners has closed its sale of Pet Supplies Plus to Franchise Group for $700 million. Sentinel and Franchise Group agreed to the terms of this transaction in January 2021. Sentinel acquired Pet Supplies Plus, the third-largest pet specialty chain in the US, from Irving Place Capital in December 2018. Pet Supplies Plus (PSP) […]

First Bev Helps Quench Nestlé’s Thirst

First Bev Helps Quench Nestlé’s Thirst

First Bev has sold Essentia Water, a functional water brand, to Nestlé USA. Essentia Water pioneered the development of ionized alkaline water in 1998 and, according to First Bev, is the #1 alkaline water brand sold nationally and the #1 selling bottled water brand in natural grocery stores. Essentia’s revenues in 2020 were $192 million. […]

Advent Sees 15x on Latest Exit

Advent Sees 15x on Latest Exit

DuPont has agreed to acquire the performance materials unit of Laird Technologies for $2.3 billion. The transaction is expected to close in the third quarter of 2021. Advent International acquired Laird Technologies in July 2018 in a public-to-private transaction for just under $1.4 billion. Post-closing, Advent organized the business into four units – performance materials, […]

IBM Continues Spree with Buy of Taos from Bunker Hill

IBM Continues Spree with Buy of Taos from Bunker Hill

Bunker Hill Capital has sold Taos Mountain, an IT managed services provider, to IBM. San Jose-based Taos provides multi-cloud cloud consulting and managed services to North America-based companies that are active in the technology, financial services, healthcare, retail, transportation and education sectors. Taos, led by CEO Hamilton Yu, specializes in public cloud technologies and has […]

Bertram Sells Flow Control Group to KKR

Bertram Sells Flow Control Group to KKR

KKR has agreed to acquire Flow Control Group (FCG) from Bertram Capital. FCG is a distributor of flow control and industrial automation products, FCG’s products include pumps, filtration, air compression, dehydration and purification equipment; instrumentation and controls; sealing, tubing, and hoses; and other related products. The company also provides various on-site services including repair, calibration […]

High Road Exits General Tools

High Road Exits General Tools

High Road Capital Partners has sold GTI Holding Company, the parent company of General Tools and Instruments (GTI), to publicly traded Worthington Industries for $115 million. The sale of GTI is High Road’s third exit for its second fund, High Road Capital Partners Fund II LP, which closed at its hard cap of $320 million […]

Sentinel Exits Pet Supplies Plus

Sentinel Exits Pet Supplies Plus

Sentinel Capital Partners has agreed to sell Pet Supplies Plus to publicly traded Franchise Group for $700 million in cash. Sentinel acquired Pet Supplies Plus, the third-largest pet specialty chain in the US, from Irving Place Capital in December 2018. Pet Supplies Plus (PSP) is a franchisor and operator of pet-specialty stores. The company’s system […]

Audax Closes Sale of Gabriel at 11x

Audax Closes Sale of Gabriel at 11x

Audax Private Equity has closed its December-announced sale of Gabriel Performance Products to publicly traded Huntsman Corporation for $250 million in cash. Akron-headquartered Gabriel is a maker of specialty additives and epoxy curing agents used in the coatings, adhesives, sealants and composite end-markets. Gabriel, led by CEO Seth Tomasch, operates three manufacturing facilities in Ohio, […]

AEA Sells TricorBraun to Ares and Ontario Teachers’

AEA Sells TricorBraun to Ares and Ontario Teachers’

Ares Management and Ontario Teachers’ Pension Plan Board have agreed to acquire a majority interest in TricorBraun, a rigid and flexible packaging supplier, from AEA Investors. TricorBraun is one of the largest North American distributors of primary packaging including glass containers, closures, dispensers, tubes and flexibles. Customers of the company include numerous consumer packaged goods […]

Incline Exits Lynx Franchising

Incline Exits Lynx Franchising

Incline Equity Partners has sold LYNX Franchising, a multi-brand provider of business-to-business commercial services, to MidOcean Partners. Incline acquired Premium Franchise Brands, the owner of the commercial janitorial cleaning brand JAN-PRO and residential cleaning brand Maid Right, in October 2016. In February 2019, LYNX completed the add-on acquisition of Intelligent Office and renamed Premium Franchise […]