Gryphon Adds Again to Shermco

Gryphon Adds Again to Shermco

Shermco Industries, a portfolio company of Gryphon Investors, has acquired NextGen Technologies. NextGen is an electrical testing services provider that designs, builds, tests, maintains, and repairs electrical infrastructure across a range of applications with a specialty in communications protection and control (CPC) systems. The company, led by President Chris Soles, is headquartered in North Vancouver, […]

H.I.G. Carves BioVectra from Mallinckrodt

H.I.G. Carves BioVectra from Mallinckrodt

Biopharmaceutical giant Mallinckrodt has agreed to sell its subsidiary BioVectra to H.I.G. Capital for $250 million. The purchase price is comprised of cash at closing of $135 million, a long-term note for $40 million, and contingent payments of up to $75 million. BioVectra is a contract development and manufacturing company that supplies ingredients for pharmaceutical […]

Blue Point Sells Hilco to Windjammer

Blue Point Sells Hilco to Windjammer

Blue Point Capital Partners has sold The Hilsinger Company (DBA Hilco Vision) to Windjammer Capital Investors. Hilco Vision is a designer, manufacturer and distributor of eyewear and eye care accessories, supplies and equipment. The company supplies more than 30,000 SKUs to more than 40,000 domestic and international customers including independent eyecare providers and optical retail […]

Swander Pace Acquires Café Valley

Swander Pace Acquires Café Valley

Swander Pace Capital has acquired Café Valley, a maker of croissants, cakes, muffins, and other sweet baked goods, from a group of private individual shareholders. Café Valley’s products are sold to the in-store bakery, club store, mass merchandise, foodservice, and convenience store segments. According to the company, they are one of the largest independent wholesale […]

TVV Capital Hits 12x Return on Latest Sale

TVV Capital Hits 12x Return on Latest Sale

TVV Capital has sold Big 3 Precision Products to The Eastern Company for $81.7 million. Big 3 operates through two divisions. The molding division designs and manufactures blow mold tooling that is used in the pharmaceutical and personal care products industries to produce bottles, jars and other containers. The company’s other division is a designer […]

Susquehanna Buys McNally

Susquehanna Buys McNally

Susquehanna Private Capital has acquired McNally Industries from Gardner Standard. McNally designs, reverse engineers and manufactures military-grade pumps, gun components and other products for defense, energy and other industrial applications. The company’s services also include design engineering, testing and assembly, and after-market support. McNally was founded in 1942 as the McNally Brothers Machine Company by […]

Surge’s Global Bakeries Buys Better Baking

Surge’s Global Bakeries Buys Better Baking

Global Bakeries, a portfolio company of Surge Private Equity, has acquired Better Baking Co., a maker of cookies, bread, and pitas that are sold to local markets and national chains. The buy of Van Nuys-based Better Baking is the second add-on for Global Bakeries in 2019. In March, Global Bakeries acquired Bubbles Baking, a maker […]

CenterGate Invests in Naumann/Hobbs

CenterGate Invests in Naumann/Hobbs

CenterGate Capital has made an investment in Naumann/Hobbs, a provider of material handling equipment and services. Naumann/Hobbs’ products include electric and internal combustion forklifts; pallet racks, conveyors, and industrial shelving units; and replacement parts with more than 50,000 parts in stock for all makes and models of equipment. The company also provides 24/7 equipment maintenance […]

Wind Point Adds Callery from Edgewater

Wind Point Adds Callery from Edgewater

Ascensus Specialties, a portfolio company of Wind Point Partners, has agreed to acquire specialty chemical company Callery from Edgewater Capital. Callery was formed by Edgewater to acquire the inorganic specialties business of chemical giant BASF in March 2017. BASF acquired the business, then operating as the Callery Chemical division of Mine Safety Appliances Company, in […]

High Road Continues Hardware Build

High Road Continues Hardware Build

Banner Solutions, a portfolio company of High Road Capital Partners, has acquired Specialized Builder’s Hardware. This is the fifth add-on completed by Banner under High Road ownership. Specialized Builder’s Hardware (SBH) is a wholesale distributor of commercial door locks, hardware, and access control systems. The company is led by President Terry Olson and is headquartered […]