Novacap Exits Knowlton Development

Novacap Exits Knowlton Development

Cornell Capital and HarbourVest Partners have acquired Knowlton Development Corporation, a portfolio company of Novacap since October 2014. Members of the senior management team of Knowlton are investing alongside Cornell and HarbourVest, and Caisse de dépôt et placement du Québec (CDPQ) and Investissement Québec (IQ) are rolling over significant stakes of their equity as part […]

Frontenac Sells GNAP to CenterOak

Frontenac Sells GNAP to CenterOak

Frontenac has sold GNAP, a specialty distributor of industrial products to CenterOak Partners. Frontenac acquired GNAP in December 2014. GNAP is a national distributor of industrial abrasive products, equipment, specialty ceramics and provides ancillary services to more than 5,000 companies that are active in investment casting, metal stamping, machining, forging, remediation, coating and paving. The […]

Comvest Exits Red Hawk

Comvest Exits Red Hawk

Comvest Partners has agreed to sell Red Hawk Fire & Security to publicly-traded ADT for $317 million in cash. Comvest formed Red Hawk Fire & Security in April 2012 when it acquired the US fire and security operations of United Technologies. Today, Red Hawk installs, tests, inspects, integrates, services and monitors safety and security systems […]

J.F. Lehman Blank Checks NRC Group

J.F. Lehman Blank Checks NRC Group

J.F. Lehman & Company (JFLCO) has sold NRC Group Holdings to Hennessy Capital Acquisition Corp. III (HCAC). As part of the transaction, HCAC has changed its name to NRC Group Holdings and its stock is now trading on the NYSE under the ticker symbols NRCG. JFLCO will continue to own a controlling equity position in […]

Edgewater and JZ Sell Water Treatment Division

Edgewater and JZ Sell Water Treatment Division

Triwater Holdings, a portfolio company of The Edgewater Funds and JZ Partners, has sold its subsidiary, TWH Water Treatment Industries (Water Treatment Solutions), to DuBois Chemicals, a portfolio company of The Jordan Company. Water Treatment Solutions is a provider of managed water treatment programs for national, regional and local customers across a range of end […]

KKR to Buy Minnesota Rubber and Plastics

KKR to Buy Minnesota Rubber and Plastics

KKR has agreed to acquire Quadion LLC (DBA Minnesota Rubber and Plastics), a provider of elastomer and thermoplastic solutions, from Norwest Equity Partners. Minnesota Rubber and Plastics (MRP) is a contract manufacturer of elastomer and thermoplastic products that are used in medical, water, industrial and other end markets. The company’s capabilities include design, develop and […]

Kainos Exits SlimFast

Kainos Exits SlimFast

Kainos Capital has sold its portfolio company SlimFast to Glanbia plc in a transaction valued at $350 million. The transaction also includes SlimFast’s sister company, HNS. SlimFast is a provider of meal replacement beverages and snacks with a specific focus on weight management and health and wellness products. The company’s products – which include shakes, […]

IOP Exits Alexandria Moulding

IOP Exits Alexandria Moulding

Industrial Opportunity Partners has sold Alexandria Moulding to U.S. Lumber Group (USL), a portfolio company of Madison Dearborn since March 2017. IOP acquired Alexandria Moulding, a manufacturer and distributor of wood mouldings and millwork products for the Canadian and Northern US residential housing markets, in April 2016. The company sells directly to retailers as well […]

IOP Closes Sale of Toledo Molding

IOP Closes Sale of Toledo Molding

Industrial Opportunity Partners has completed the sale of its portfolio company Toledo Molding & Die to Grammer AG. This transaction was first announced in May 2018. Toledo Molding & Die (TMD), a portfolio company of IOP since November 2011, is an automotive supplier that designs, develops and manufactures molded thermoplastic components and assemblies such as […]

DFW Sells Fleetwash to ACON

DFW Sells Fleetwash to ACON

DFW Capital Partners has sold Fleetwash Holdings to ACON Investments. This transaction is the fifth sale or major liquidity event for DFW’s 2012 vintage fund, DFW Capital Partners IV LP. With more than 10,000 customers, Fleetwash is the country’s largest provider of mobile power washing services – the company has more than 700 mobile units […]