Exits
NEW EXITS
AUA Hands Jerky Crown Back to Monogram
AUA Private Equity Partners has completed the sale of Western Smokehouse Partners, a manufacturer of better-for-you protein snacks, to Monogram Capital Partners. Western Smokehouse Partners
TruArc Sells Ideal Tridon to Nautic
TruArc Partners has sold Ideal Tridon, a manufacturer of fastening, sealing, and support systems, to Nautic Partners. Ideal Tridon’s products include hose clamps, pipe supports,
MiddleGround’s Arrow Tru‑Line Sold to Blackstone’s Chamberlain Group
MiddleGround Capital has agreed to sell Arrow Tru‑Line, a manufacturer of overhead garage door hardware, to Chamberlain Group, a portfolio company of Blackstone. Arrow Tru-Line is
Platinum’s Rehlko Sells Curtis Instruments to Parker Hannifin
Rehlko, a portfolio company of Platinum Equity, has agreed to sell its Curtis Instruments unit to Parker Hannifin for approximately $1 billion in cash. Curtis
HCI Exits TSM Corporation
HCI Equity Partners has sold TSM Corporation, a manufacturer of precision-machined components, to Walor North America, a subsidiary of FerrAl United, which is a portfolio
CenterGate Exits Mid-State in Sale to ONCAP
CenterGate Capital has closed the sale of Mid-State Industrial Maintenance to ONCAP, the lower middle market private equity arm of Onex Corporation. Mid-State provides on-site
OLDER EXITS
GSTV Sold to MidOcean
Rockbridge Growth Equity has sold its majority ownership in GSTV, a national video network operating
ACON Exits Kept with Sale to DFW
ACON Investments has sold Kept Companies, a provider of commercial and industrial cleaning services, to
Soundcore Sells InfraStripe to Bain’s Frontline
Soundcore Capital Partners has closed the sale of InfraStripe, a regional roadway safety contractor, to
SK Capital Exits Florachem
SK Capital has closed the sale of Florachem, a maker of plant-based specialty ingredients, to
Brynwood Sells Harvest Hill to Castillo Hermanos
Brynwood Partners has agreed to sell Harvest Hill Beverage Company to Castillo Hermanos. The sale
New State Exits MakoRabco
New State Capital Partners has sold its portfolio company MakoRabco, a national provider of self-storage
HCI Sells MSI Express to Nonantum Capital Partners
HCI Equity Partners has closed the sale of MSI Express, a national contract manufacturing and
CIC Exits CraftMark with Sale to OEP
CIC Partners has agreed to sell CraftMark Bakery, a commercial bakery based in Indianapolis, to
Trive Soars to Exit with IPO of Karman
Karman Space & Defense, a portfolio company of Trive Capital, has completed a $500 million
Avista Exits Solmetex
Avista Healthcare Partners has sold Solmetex, a provider of dental products and systems, to AGIC
Blue Point Sells Sylvan to E3Tech
Blue Point Capital Partners has sold its portfolio company Sylvan, a provider of industrial pipe
LLCP Sells Encore Fire Protection to Permira
Levine Leichtman Capital Partners (LLCP) has sold Encore Fire Protection, a provider of fire protection
Trivest Exits HighGround Restoration
Trivest Partners has closed the sale of HighGround Restoration Group to Knox Lane. HighGround Restoration
J.F. Lehman Doubles Up on Exits
J.F. Lehman & Company has completed the sales of Integrated Global Services (IGS) to American
After Active Ownership, Sterling Exits Frontline Road Safety
The Sterling Group has sold Frontline Road Safety, a provider of pavement marking and related
After Doubling Revenue, Vestar Exits Simple Mills
Vestar Capital Partners has completed the sale of Simple Mills, a better-for-you snack brand, to
CenterOak Sees Green on Sale of Shamrock Environmental
CenterOak Partners has finalized the sale of Shamrock Environmental to Republic Services. This transaction marks
Burlington Sells Sokol to French Strategic Buyer Solina
Burlington Capital Partners (BCP) has sold Sokol Custom Food Ingredients to Solina, a France-based global
Monomoy Sells Astro Shapes to Wynnchurch
Monomoy Capital Partners has sold Astro Shapes to Wynnchurch Capital. Monomoy acquired Astro Shapes in
Benford Exits Farmers Hen House with Sale to Butterfly’s Pete & Gerry’s Organics
Pete & Gerry’s Organics, a portfolio company of Butterly, has acquired Farmers Hen House, a
Salt Creek Exits King Tester
Salt Creek Capital has exited its investment in King Tester Corporation (KTC) through the sale
Pfingsten Sells Omega Systems to Revelstoke
Pfingsten has sold Omega Systems, a provider of managed IT services and cybersecurity services, to
Bottoms Up! Atlas Exits Saxco
Atlas Holdings has agreed to sell Saxco International to Novvia Group, a portfolio company of
Kinderhook Sells VAI to L Catterton’s RealTruck
Kinderhook Industries has agreed to sell Vehicle Accessories (VAI) to RealTruck, a portfolio company of
Nothing Dead About this Deal: Mopec Group Sold to Waud
Blackford Capital has closed the sale of Mopec Group, a branded manufacturer and supplier of
Kano Laboratories Switches Sponsors
Gryphon Investors has completed the sale of Kano Laboratories, a producer of branded oils and
Wynnchurch Sells Gyptech to Fortress
Wynnchurch Capital has agreed to sell Gypsum Technologies, a Canada-based engineering firm, to Fortress Investment
AE Industrial Sells Kellstrom to VSE
AE Industrial Partners, LP has announced the sale of Kellstrom Aerospace Group to VSE Corporation
Wynnchurch Sells Texas Hydraulics to Fortress
Wynnchurch Capital has sold TH Holdings, a diversified industrial manufacturer operating under the brands Texas
GenNx360 Closes Sale of ITsavvy to Xerox
GenNx360 Capital Partners has completed the sale of its portfolio company, ITsavvy, to publicly traded
AEA and Battery Ventures Sell Sensor Maker to Arcline’s DwyerOmega
AEA Investors and Battery Ventures have finalized the sale of Process Sensing Technologies (PST) to
Arlington Sells BlueHalo to AeroVironment
Arlington Capital Partners has agreed to sell BlueHalo to publicly traded AeroVironment in an all-stock
New Heritage Exits Midwest Corporate Foodservice Giant
New Heritage Capital has finalized the sale of Continental Services, a Detroit-based corporate foodservice provider,
After an Active Consolidation Effort, Odyssey Exits NSI
Odyssey Investment Partners has sold NSI Industries, a provider of branded electrical and HVAC components,
GenNx360 to Sell ITsavvy to Xerox
GenNx360 Capital Partners has agreed to sell its portfolio company, ITsavvy, to publicly traded Xerox
STS Aviation Group Switches Sponsors
Greenbriar Equity Group has completed the sale of STS Aviation Group to H.I.G. Capital. STS
HRB Brands Acquired by Sodalis Group
Tengram Capital Partners has sold HRB Brands to Sodalis Group, an Italy-based beauty and personal
Shenandoah Switches Sponsors
KLH Capital has sold Shenandoah Industrial Solutions, a provider of infrastructure services for stormwater and
Heartwood Exits UW Solutions
Heartwood Partners has agreed to sell UW Solutions to publicly traded Apogee Enterprises in a
Forest Hill Exits Actuator Maker
Forest Hill Partners has sold Micromatic to MITAR Private Capital, an Indianapolis-based private equity firm.
Swander Pace Sells Reliance Vitamin to Impetus Wellness
Swander Pace Capital (SPC) has completed the sale of Reliance Vitamin to Impetus Wellness Group,
Advent Closes Sale of CAES to Honeywell
Advent International has closed the sale of CAES Systems to Honeywell in an all-cash transaction
Gridiron Sells Foundation Wellness to Bansk
Gridiron Capital has exited its investment in Foundation Wellness with the sale of the company
SFW Sells Micromeritics to Spectris
SFW Capital Partners has closed the sale of Micromeritics Instrument Corporation to publicly traded Spectris
Atlantic Street Exits All Star Auto Parts
Atlantic Street Capital has closed its sale of All Star Auto Parts, a specialty distributor
Incline Exits ASP Global
After a 4.5 year hold and four add-on acquisitions, Incline Equity Partners has sold ASP
Behrman to Sell kSARIA to ITT for $475 Million
After a 4.5 year hold, Behrman Capital has agreed to sell its portfolio company kSARIA
American Restoration Switches Sponsors
Soundcore Capital Partners has sold American Restoration, a provider of property restoration services, to Morgan
Acacia Exits Nations Roof with Sale to AEA
Acacia Partners has sold Nations Roof, a commercial roofing contractor, to AEA Investors. Nations Roof
Gridiron Builds GSM Outdoors, Exits with Sale to Platinum
Gridiron Capital has agreed to sell its controlling interest in Good Sportsman Marketing Outdoors (GSM)
Branford Castle Does Knot Disappoint! Completes Sale of Earthlite Massage Tables
Branford Castle has closed its sale of Earthlite Massage Tables to Valesco Industries. Earthlite, a
After an Active Hold, Triton Pacific Exits BioMatrix
Triton Pacific Healthcare Partners has closed its sale of BioMatrix Specialty Infusion Pharmacy to Frazier
After Strong Revenue Growth, Stellex Sells Continental Global to PPI
Stellex Capital Management has sold Continental Global Material Handling (CGMH) to Precision Pulley & Idler.
Advent Sells CAES Systems to Honeywell for $1.9 Billion
Advent International has agreed to sell CAES Systems to publicly traded Honeywell in an all-cash
CBRE Buys Guardian’s Data Center Infrastructure Services Platform
Publicly traded CBRE Group has acquired Direct Line Global, a provider of data center infrastructure
Caymus Hits Home Run on Sale of TriplePoint
Caymus Equity Partners has sold TriplePoint MEP to Stellex Capital Management. Houston-headquartered TriplePoint MEP (mechanical,
Arcline Exits Voltyx with Sale to Asplundh
Arcline has sold Voltyx Energy Solutions, a provider of electric infrastructure services, to family-owned Asplundh.
L Squared Closes Big Exit with Sale of Raptor Scientific
Publicly traded TransDigm Group has agreed to acquire Raptor Scientific from L Squared Capital Partners
Compass Sells Gas Meter Distributor to Tinicum
Tinicum has acquired a controlling interest in KGM from Compass Group Equity Partners. KGM is
GHK Banks Big Exit on Sale of Supreme Cabinetry
Publicly traded MasterBrand has agreed to acquire Supreme Cabinetry from GHK Capital Partners for $520 million
American Securities Exits Acuren via Admiral SPAC
American Securities has agreed to sell Acuren, a provider of nondestructive testing services, to Admiral
The Halifax Group Sells Majority Stake in Southern Exteriors
The Halifax Group has sold a majority interest in Southern Exteriors, an installer of exterior
NPX One Switches Sponsors
Atlas Holdings has sold NPX One, a manufacturer and seller of polystyrene trays, to Breck
Saw Mill Exits Wolf-Gordon
Saw Mill Capital has sold Wolf-Gordon, a designer and supplier of wallcoverings, to Charger Investment
SK Sells Foremark to Crown’s CC Industries
SK Capital Partners has closed its sale of Foremark Performance Chemicals to CC Industries. Foremark
LLCP Exits Tropical Smoothie Cafe
Blackstone has agreed to acquire Tropical Smoothie Cafe, a franchisor of fast casual restaurants, from
Going Up? L Squared Sells Elevated to APi Group
L Squared Capital Partners has agreed to sell Elevated Facility Services to publicly traded APi
Graycliff Sells Ballymore to OEP
Graycliff Partners has sold Ballymore Safety Products, a maker of safety-centric products, to One Equity
Arsenal’s Sealing Platform Sold to Henkel
Arsenal Capital Partners has sold its portfolio company Seal For Life Industries to publicly traded
Balmoral Exits Resco with Sale to RHI Magnesita
Resco Products, a portfolio company of Balmoral Funds, has agreed to be acquired by RHI
Montage Sells Southwest Data Products to Nucor
Montage Partners has sold Southwest Data Products, a maker of cabinets and enclosures used to
New Mountain Sells ILC Dover to Ingersoll Rand
Publicly traded Ingersoll Rand has agreed to acquire ILC Dover, a portfolio company of New
Praesidian Sells Biologos to Ampersand
Praesidian has sold its investment in Biologos, a provider of sterile-filtered biological products for veterinary,
Wynnchurch Sells Pump Maker to Oaktree
Wynnchurch Capital has sold LPW Group, a designer and manufacturer of specialty valves and actuators,
Arlington Capital Sells J&J Worldwide Services to CBRE
Arlington Capital Partners has closed its sale of J&J Worldwide Services to publicly traded CBRE
Lion Equity Unboxes Sale of Vivabox
Veritiv Corporation, a specialty distributor of packaging and print products and a portfolio company of
CenterOak Sells SurfacePrep to Nautic
CenterOak Partners has sold SurfacePrep, a distributor of surface treatment products, to Nautic Partners. SurfacePrep
McNally Capital Sells AMI to Publicly Traded Enpro
McNally Capital has closed its sale of Advanced Micro Instruments to publicly traded Enpro Industries
New Heritage Exits Investment in Carnegie
New Heritage Capital has sold its investment in Carnegie Dartlet, a provider of business and
New Heritage Sells Revela to ADM
New Heritage Capital has sold Revela Foods to Archer Daniels Midland. Revela Foods is a
Praesidian Takes the Checkered Flag with Sale of Autobahn
Praesidian Capital has sold Autobahn Holdings, an operator of indoor go-kart racing tracks, to K1
Continuim Exits Metallurgical Additives Platfrom
Continuim Equity Partners has sold Anker Industries, a manufacturer and distributor of metallurgical additives used
Clearlake Successfully Closes the Door on Janus Investment
Clearlake Capital has sold all its remaining shares of Janus International Group (NYSE: JBI) and
Soundcore Soars Over the Roof with Sale of RCA
Soundcore Capital Partners has sold Roofing Corporation of America to publicly traded FirstService Corporation for
Comvest Completes Sale of Systems Control to Hubbell
Comvest Partners has closed the sale of Systems Control, a manufacturer of substation control systems,
Shorehill Electrified by Latest Exit
Shorehill Capital has sold Power Grid Components to Blackstone. Power Grid is a designer and
Sysco Acquires Edward Don from Vestar
Vestar Capital Partners has sold Edward Don & Co., a distributor of foodservice equipment and
LLCP Sells Therapeutic Research Center to Gridiron
Levine Leichtman Capital Partners (LLCP) has sold Therapeutic Research Center to Colibri Group, a portfolio
Home Depot Buys IDG from Mill Point
The Home Depot has agreed to acquire International Designs Group (IDG), a distributor and retailer
Cortec Sells Chauvet to Court Square
Cortec Group has sold Chauvet & Sons, a provider of entertainment related lighting, control and
Sterling’s School of Rock Sold to Roark’s Youth Enrichment Brands
Sterling Partners has sold its portfolio company, School of Rock, to Youth Enrichment Brands, a
Bregal Sells TDBBS to Publicly Traded Central Garden & Pet
Publicly traded Central Garden & Pet has acquired TDBBS, a provider of natural pet chews
Monomoy Exits Shaw Development
Monomoy Capital Partners has sold Shaw Development, a provider of emission control components, to Madison
Grove Mountain Partners Sells Central States to Pave America; Retains Equity Stake
Grove Mountain Partners has sold Central States Paving and Concrete to Pave America, a portfolio
Olympus Completes Consolidation, Sells Foodware to CFS Brands
Olympus Partners has sold The Foodware Group to CFS Brands, a portfolio company of TJC
Altamont Exits Insect’s Arch Enemy
Altamont Capital Partners has sold Douglas Products to Brightstar Capital Partners. Douglas Products is a
Dubin Clark Sets Stage, Exits InProduction
Dubin Clark has sold its portfolio company InProduction, a provider of rental staging and seating,
CentroMotion Switches Sponsors
One Rock Capital Partners has sold its portfolio company CentroMotion, a maker of industrial actuation
J.H. Whitney Sells Alphia to PAI
PAI Partners has agreed to acquire Alphia, one of the largest pet food co-manufacturers in
Broadtree Sells CanSource to TricorBraun
Broadtree Partners has sold CanSource, a provider of packaging to the alcoholic and non-alcoholic beverage