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Guardian Acquires Carson-Dellosa

Guardian Acquires Carson-Dellosa

Guardian Capital Partners has acquired Carson-Dellosa Publishing, a provider of K-8 supplemental educational products. Guardian partnered with the senior management team of the company who will continue operating the company. Carson-Dellosa products include digital and print workbooks, test-prep, hands-on learning materials and classroom décor and resources. The company’s products are sold under the Spectrum, Summer…

Investors Management Acquires RiseMark Brands

Investors Management Acquires RiseMark Brands

Investors Management Corporation (IMC) has acquired RiseMark Brands, an Omaha-based in-home senior care franchisor. According to IMC, RiseMark is one of the nation’s leading in-home senior care franchise companies.  Through its Right at Home brand, RiseMark provides companion care, personal care, skilled nursing, and Alzheimer’s and dementia care in the US and seven international territories. …

Ironwood Capital Invests in Turbine Technologies

Ironwood Capital Invests in Turbine Technologies

Ironwood Capital Connecticut, a unit of Ironwood Capital, has made a mezzanine debt investment in Turbine Technologies. Turbine Technologies is an aerospace and industrial gas turbine manufacturing company. The company’s capabilities include electrical discharge machining, wire electric discharge machining, high speed hole and 5 axis milling services. Products include turbine blades, vanes, shrouds, combustion liners,…

Odyssey Acquires Aero Precision

Odyssey Acquires Aero Precision

Odyssey Investment Partners has acquired Aero Precision Industries, a subsidiary of Greenwich AeroGroup, which is a portfolio company of Berkley Capital. Aero Precision is a distributor of OEM aerospace parts for the military aftermarket. Customers include foreign militaries, MRO facilities and the US government.  The company supplements its military parts distribution business with brokered repair…

J.F. Lehman Buys Heavy Equipment Group of Oldenburg

J.F. Lehman Buys Heavy Equipment Group of Oldenburg

J.F. Lehman & Company has signed an agreement with Oldenburg Group to acquire its Heavy Equipment Group, including both its defense and mining business units. Upon closing, J.F. Lehman will rename the acquired groups Lake Shore Systems. Lake Shore Systems designs, engineers, manufactures and supports complex, heavy equipment systems used in harsh operating environments, including…

LFM Expands Eckhart Platform

LFM Expands Eckhart Platform

Eckhart, a portfolio company of LFM Capital, has acquired Auto Craft Tool & Die and 3 D Sales (together “Auto Craft”). This is the first add-on acquisition for Eckhart since being acquired by LFM in June 2015. Auto Craft is a provider of industrial material handling systems and tooling. The company’s products include door and…

News

Crutchfield Capital Adds New Director

Crutchfield Capital Adds New Director

Crutchfield Capital, a middle-market investment bank, has hired William (Bill) Cornelius as a new Director. Mr. Cornelius has 12 years of investment banking, principal investing, commercial banking, and business operations experience. Before joining Crutchfield, he was a partner at Trinity Duke Partners, an investment firm based in Houston. While he was at Trinity Duke he…

Will Sun Capital’s Partnership-in-Fact Ruling Change Your Fund?

Will Sun Capital’s Partnership-in-Fact Ruling Change Your Fund?

A court ruling that redefines withdrawal liability for multiemployer pension plans means private equity firms will be paying a lot more attention to how investing partnerships are formed. A March 2016 decision by the U.S. District Court in Massachusetts in Sun Capital Partners III, LP, et al v. New England Teamsters and Trucking Industry Pension…

Not So Quiet on the Western Front

Not So Quiet on the Western Front

Within the GF Data universe of middle-market deal sponsors, the slowdown in M&A activity has been neither as deep nor as prolonged as general industry reports would suggest, according to the deal tracking firm’s second-quarter report. After a quiet first quarter, completed deal volume perked up in 2Q.  The 205 private equity groups and other…

Pharos Staffs Up

Pharos Staffs Up

Pharos Capital Group has hired James Kerrigan and Kevin Ryan as new Senior Financial Analysts. Mr. Kerrigan will be based in Pharos’s Dallas office and Mr. Ryan will be based in Nashville. “We are excited to welcome Jim and Kevin, who are already fully engaged as we just closed on the purchase of telepsychiatry services…

J.W. Childs Builds Staff

J.W. Childs Builds Staff

Middle market investor J.W. Childs Associates has added three new professionals to its team with the hiring’s of Philippe Schenk as Managing Director, Kyle Casella as Vice President, and Jess Yuan as Associate. Mr. Schenk will lead investor relations activities for J.W. Childs. Mr. Casella and Ms. Yuan are responsible for due diligence and analysis…

Getting Your Cyber House In Order

Getting Your Cyber House In Order

The issue of cybersecurity, and the rising, fast-evolving threat of cyber-attacks, is high on the agenda for many private equity managers. The threat is relatively new, often poorly understood, and the consequences – financial, regulatory, and reputational – can be severe. Cybersecurity is the process of applying security measures to ensure the confidentiality, integrity, and…

Private Equity Conference September 29 & 30 Ann Arbor
New Platform

Guardian Acquires Carson-Dellosa

Guardian Capital Partners has acquired Carson-Dellosa Publishing, a provider of K-8 supplemental educational products. Guardian partnered with the senior management team of the company who will continue operating the company. Carson-Dellosa products include digital and…

Investors Management Acquires RiseMark Brands

Investors Management Corporation (IMC) has acquired RiseMark Brands, an Omaha-based in-home senior care franchisor. According to IMC, RiseMark is one of the nation’s leading in-home senior care franchise companies.  Through its Right at Home brand,…

Ironwood Capital Invests in Turbine Technologies

Ironwood Capital Connecticut, a unit of Ironwood Capital, has made a mezzanine debt investment in Turbine Technologies. Turbine Technologies is an aerospace and industrial gas turbine manufacturing company. The company’s capabilities include electrical discharge machining,…

Add-on

LFM Expands Eckhart Platform

Eckhart, a portfolio company of LFM Capital, has acquired Auto Craft Tool & Die and 3 D Sales (together “Auto Craft”). This is the first add-on acquisition for Eckhart since being acquired by LFM in…

Kinderhook Buys Tuffy

Bestop, a portfolio company of Kinderhook Industries, has acquired Tuffy Security Products, a maker of storage products – such as steel consoles, drawers, glove boxes, and trunks – that are used in Jeeps, trucks, SUV’s…

LaSalle Capital Acquires H. Fox & Co.

 Westminster Foods, a portfolio company of LaSalle Capital, has acquired syrup maker H. Fox & Co. This add-on acquisition expands Westminster’s existing sauce, syrup and condiment business. H. Fox & Co. is a manufacturer of…

Sun Capital Acquires Smart Grid Business from Tollgrade

Aclara Technologies, a portfolio company of Sun Capital Partners, has acquired the smart grid business of Tollgrade Communications. The transaction includes Tollgrade’s LightHouse Sensor Management System (SMS) monitoring platform which is used to detect, in…

Exit

JLL and Water Street to Exit Bioclinica

Water Street Healthcare Partners and JLL Partners have signed an agreement to sell Bioclinica to private equity firm Cinven. The transaction is expected to close in the fourth quarter of 2016. In March 2014, Bioclinica,…

Pamlico Sells Physicians Endoscopy to Kelso

Pamlico Capital has sold its portfolio company Physicians Endoscopy to Kelso & Company. Guidon Partners is co-investing alongside Kelso & Company on this transaction. Physicians Endoscopy was acquired by Pamlico Capital from Silver Oak Services Partners in…

Audax Exits Laborie Medical Technologies

Audax Private Equity has agreed to sell Laborie Medical Technologies to Patricia Industries, a wholly-owned subsidiary of Swedish conglomerate Investor AB. Laborie Medical Technologies is a developer, manufacturer and marketer of medical technology and consumables…

Golden Gate Sells Phillips-Medisize

Golden Gate Capital has agreed to sell its portfolio company Phillips-Medisize Corporation to Molex. Golden Gate acquired the company in June 2014 from Kohlberg & Company. Phillips-Medisize is an outsourced provider of design and manufacturing…

Financing

Abacus Backs LLCP Buy

Abacus Finance Group, a provider cash-flow senior financing for private equity-sponsored, lower-middle market companies, was the Administrative Agent and Sole Lead Arranger for a $20.5 million senior secured credit facility to support the May 2016…

Yukon Backs Sorenson’s Buy of Axiom

Yukon Partners was a co-investor alongside Sorenson Capital in the recent acquisition of Axiom Materials. Axiom Materials is a composite materials manufacturer with a specialization in “prepreg” materials – (prepreg is a term for “pre-impregnated”…

AB-PCI Growing and Enhances Midwest Coverage

AB-Private Credit Investors (AB-PCI) continues to experience strong growth with the recent additions of three vice presidents, nine associates, and a chief of staff, expanding the team to 34 professionals. AB-PCI is the middle market…

Abacus Backs Vicente’s  Portfolio Company

Abacus Finance Group was the Administrative Agent and Lead Arranger for a $23 million senior secured credit facility to support the recapitalization of Global LT, a portfolio company of Vicente Capital Partners. Global LT is…

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