NEP Exits Actagro

NEP Exits Actagro

Norwest Equity Partners (NEP) has sold Actagro, a developer, manufacturer and marketer of soil and plant health products, to publicly-traded Nutrien for $340 million. Actagro develops, manufactures, and markets plant nutrient products including fertilizers, fungicides, soil amendments, plant stimulants, and micronutrients. Actagro distributes its products globally through numerous retailers and distributors, including Nutrien’s retail business. […]

Topspin Sells JD Beauty to ACON

Topspin Sells JD Beauty to ACON

Goody Products, a portfolio company of ACON Investments, has agreed to acquire JD Beauty, a portfolio company of Topspin Partners since October 2015. JD Beauty is a designer and marketer of branded, professional-quality hair brushes and beauty care accessories. According to the company, its flagship detangling brush, the Wet Brush, is the number one hairbrush […]

Fulcrum IT Sold to Huntington Ingalls

Fulcrum IT Sold to Huntington Ingalls

Boyne Capital and Grindstone Partners have sold Fulcrum IT Services to publicly-traded Huntington Ingalls Industries (NYSE: HII) for $193 million. Boyne and Grindstone acquired Fulcrum in April 2010 in partnership with management. Fulcrum specializes in providing information technology consulting services primarily to federal customers in the defense, intelligence, education and healthcare sectors. The company has […]

Gen Cap Exits Avanti Products

Gen Cap Exits Avanti Products

Avanti Products, a portfolio company of Gen Cap America since November 2012, has been sold to The Legacy Companies. Avanti Products is a designer and distributor of compact consumer appliances, specializing in refrigerators, wine and beer coolers, microwaves, gas and electric ranges, water dispensers, laundry machines and other compact appliances. Avanti performs in-house design, engineering […]

Sterling Sells Process Barron to Carousel

Sterling Sells Process Barron to Carousel

The Sterling Group has sold Process Barron, a provider of air and material handling equipment, to Carousel Capital. Process Barron designs, manufactures and installs industrial process fans and material handling systems used in the pulp and paper, power, steel, cement, food, and agriculture sectors. The company’s systems are used to move air, gas, or materials […]

Wind Point Sells Paragon to Wellspring

Wind Point Sells Paragon to Wellspring

Wind Point Partners has agreed to sell Paragon Films, a maker of stretch films used in storage and transit applications, to Wellspring Capital Management. Paragon is a manufacturer of cast stretch films that are used to unitize pallet loads while in storage and transit. The company sells its products in all 50 states, as well […]

Quad-C Exits Veterinary Care Platform

Quad-C Exits Veterinary Care Platform

Quad-C Management has agreed to sell Compassion-First Pet Hospitals to JAB Holding Company, a privately-held German conglomerate controlled by the Reimann family, at an enterprise value of for $1.2 billion. Compassion-First is a provider of specialty, emergency and general veterinary care through a network of 41 hospitals and treatment facilities across 13 states, primarily in […]

Sorenson Sells Axiom to Kordsa

Sorenson Sells Axiom to Kordsa

Axiom Materials, a portfolio company of Sorenson Capital since August 2016, has agreed to be acquired by Kordsa. Kordsa is a manufacturer of industrial nylon and polyester yarn, tire cord fabric and single end cord. The company has been a subsidiary of Sabancı Holding, a publicly-traded industrial and financial conglomerate headquartered in Istanbul, Turkey, since […]

Mason Wells Sells Aquion to Pentair

Mason Wells Sells Aquion to Pentair

Mason Wells has sold Aquion, a water treatment equipment company, to publicly-traded Pentair for $160 million in cash. Mason Wells acquired Aquion through its third fund in December 2013 from Ares Capital. Aquion, with annual revenues of approximately $72 million, is a manufacturer of water treatment equipment and water quality products including water conditioners and […]

Arlington Capital Sells Endeavor Robotics

Arlington Capital Sells Endeavor Robotics

Arlington Capital Partners has agreed to sell Endeavor Robotics to publicly-traded FLIR Systems for $385 million. In April 2016, Arlington Capital formed Endeavor Robotics to acquire the defense and security business of publicly-traded iRobot Corporation for $45 million and an undisclosed post-closing contingent payment based on the achievement of certain operating milestones. At the time […]