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KKR Grabs Majority Interest in Pioneer DJ

KKR Grabs Majority Interest in Pioneer DJ

Pioneer Corporation and KKR have completed a transaction under which KKR and Pioneer now own 85.05% and 14.95%, respectively, of Pioneer DJ Holdings Co., a maker of sound equipment for DJs. Pioneer DJ develops and markets equipment for DJs, including CD players, mixers, controllers, headphones and speakers.   According to KKR, the company has a leading…

Blue Wolf Acquires North American Rescue

Blue Wolf Acquires North American Rescue

Blue Wolf Capital Partners has acquired a majority stake in North American Rescue (NAR), a supplier of tactical medical products.  NAR’s Chief Executive Officer, Bob Castellani, and other members of the NAR management team invested alongside Blue Wolf and will remain in their current positions. “We are excited to invest alongside Bob and management in…

TorQuest Invests in Envirosystems

TorQuest Invests in Envirosystems

TorQuest Partners has acquired a majority interest in Envirosystems, an industrial services provider, in partnership with the company’s management and other co-investors. The company was acquired from Canadian private equity firm Thornridge Holdings. Envirosystems is a provider of industrial and environmental services including catalyst changeout, chemical cleaning, dredging, high pressure cleaning, hydro-excavation, mobile spent caustic…

Brazos Sells Healthcare Solutions to Catamaran

Brazos Sells Healthcare Solutions to Catamaran

Brazos Private Equity Partners has agreed to sell its portfolio company Healthcare Solutions to Catamaran Corporation (NASDAQ: CTRX), a provider of pharmacy benefit management services, for $405 million in cash.  Brazos first invested in Healthcare Solutions in 2006. Completion of the transaction is expected sometime in the second quarter. Healthcare Solutions provides medical cost management services…

ITS Logistics Acquired by McNally Capital and Coughlin Capital

ITS Logistics Acquired by McNally Capital and Coughlin Capital

McNally Capital has acquired ITS Logistics, a provider of third party logistics and supply chain management services. The management team of ITS and Coughlin Capital, a family office with experience investing in the logistics industry, co-invested alongside McNally Capital. ITS Logistics provides supply chain management, transportation, warehousing, brokerage logistics, and transportation management to companies that…

NEP Invests in Old Hickory Smokehouse

NEP Invests in Old Hickory Smokehouse

Norwest Equity Partners (NEP) has made an investment in Old Hickory Smokehouse – a manufacturer, marketer and distributor of food and beverage products sold into the retail grocery and foodservice channels under both branded and private label offerings. NEP’s investment in Old Hickory was made in partnership with the company’s chief executive officer, Wayne Wolf,…

News

TCF Continues to Back LaSalle’s Security Roll-up

TCF Continues to Back LaSalle’s Security Roll-up

TCF Capital Funding – the Chicago-based cash flow and asset-based lending division of TCF National Bank – has provided two additional facility increases to its existing secured financing to support United American Security in its acquisition of Pond Securities, Vector Securities and United National Security.  United American Security is a portfolio company of LaSalle Capital…

New Harbor Capital Closes Fund 1

New Harbor Capital Closes Fund 1

New Harbor Capital has held a closing of New Harbor Capital Fund, LP, a $146 million private equity growth buyout fund. The new fund received support from US and European institutional investors, primarily comprised of college endowments, public pension plans, fund-of-funds, insurance companies, high net worth individuals and family offices. “We are excited to announce…

BelHealth Adds New Managing Director

BelHealth Adds New Managing Director

Healthcare-focused private equity firm BelHealth Investment Partners has added Marc Aronstein to its team as a Managing Director.  Mr. Aronstein will be responsible for originating, structuring and executing new transactions.  Mr. Aronstein has twenty-three years of investing experience, including seventeen years of direct private equity experience. Mr. Aronstein was most recently a Managing Director and…

Former Bush Adviser Joins Gryphon as Partner

Former Bush Adviser Joins Gryphon as Partner

Gryphon Investors has added Robert Grady to its investment team as a Partner.  Mr. Grady will lead the firm’s General Industries Group, one of its four areas of investment focus. “We are delighted to welcome Bob, who is truly an exceptional person with an extensive track record of success and leadership that will help drive…

GE Antares Backs Another Snow Phipps Acquisition

GE Antares Backs Another Snow Phipps Acquisition

GE Antares was the administrative agent on a $66 million senior secured credit facility to support the acquisition of Cascade Drilling Environmental Services, a portfolio company of Emigrant Capital since 2009, by Snow Phipps Group. Cascade Drilling is a west coast provider of environmental testing, soil remediation, and geotechnical drilling. The company’s capabilities include auger,…

Greenbriar Promotes New Managing Director

Greenbriar Promotes New Managing Director

Greenbriar Equity Group has promoted Michael Weiss to Managing Director.  Mr. Weiss joined Greenbriar in 2004 and is active sourcing and structuring investments in the transportation space – a Greenbrier specialty – with a particular focus on the rail, logistics, and automotive sectors. Before joining Greenbriar Mr. Weiss worked in the Financial Sponsors and Leveraged…

New Platform

KKR Grabs Majority Interest in Pioneer DJ

Pioneer Corporation and KKR have completed a transaction under which KKR and Pioneer now own 85.05% and 14.95%, respectively, of Pioneer DJ Holdings Co., a maker of sound equipment for DJs. Pioneer DJ develops and…

Blue Wolf Acquires North American Rescue

Blue Wolf Capital Partners has acquired a majority stake in North American Rescue (NAR), a supplier of tactical medical products.  NAR’s Chief Executive Officer, Bob Castellani, and other members of the NAR management team invested…

TorQuest Invests in Envirosystems

TorQuest Partners has acquired a majority interest in Envirosystems, an industrial services provider, in partnership with the company’s management and other co-investors. The company was acquired from Canadian private equity firm Thornridge Holdings. Envirosystems is…

Add-on

Saw Mill Acquires Steel Storage Europe

Janus International Group, a portfolio company of Saw Mill Capital, has acquired Steel Storage Europe Limited, a manufacturer, supplier and installer of self-storage systems. This transaction was completed in December 2014 through Janus International UK.…

Hanesbrands to Acquire Merit Portfolio Company

Knights Apparel, a seller of licensed collegiate apparel and a portfolio company of Merit Capital Partners, has entered into an agreement to be acquired by Hanesbrands for approximately $200 million. The transaction will combine Knights…

Genstar Adds-On Again to Pretium Packaging

Pretium Packaging, a supplier of blow molded packaging and a portfolio company of Genstar Capital, has acquired Intertech Corporation, a manufacturer of stock, custom, and proprietary plastic bottles.  Genstar acquired Pretium Packaging from Castle Harlan…

Solis Capital Acquires EnviroGard

LEHR, a portfolio company of Solis Capital Partners, has acquired EnviroGard – a provider of propane fuel system technology for small engines – from Onyx Environmental Solutions. EnviroGard manufactures and supplies propane fuel systems and…

Exit

Brazos Sells Healthcare Solutions to Catamaran

Brazos Private Equity Partners has agreed to sell its portfolio company Healthcare Solutions to Catamaran Corporation (NASDAQ: CTRX), a provider of pharmacy benefit management services, for $405 million in cash.  Brazos first invested in Healthcare Solutions…

Hanesbrands to Acquire Merit Portfolio Company

Knights Apparel, a seller of licensed collegiate apparel and a portfolio company of Merit Capital Partners, has entered into an agreement to be acquired by Hanesbrands for approximately $200 million. The transaction will combine Knights…

High Road Sells All Current Electrical Sales

High Road Capital Partners has sold its portfolio company All Current Electrical Sales to EBSCO Industries.  This marks the fourth exit for the firm’s debut fund, High Road Capital Partners Fund I, LP.  High Road…

KRG Sells Diversified Foodservice to New Mountain

KRG Capital Partners has completed the sale of Diversified Foodservice Supply to New Mountain Capital.  The transaction closed on February 17th and represents the fourth exit for KRG’s $1.96 billion Fund IV. KRG Capital Partners…

Financing

TCF Continues to Back LaSalle’s Security Roll-up

TCF Capital Funding – the Chicago-based cash flow and asset-based lending division of TCF National Bank – has provided two additional facility increases to its existing secured financing to support United American Security in its…

GE Antares Backs Another Snow Phipps Acquisition

GE Antares was the administrative agent on a $66 million senior secured credit facility to support the acquisition of Cascade Drilling Environmental Services, a portfolio company of Emigrant Capital since 2009, by Snow Phipps Group.…

LBC Credit Backs Latest RLJ Equity Acquisition

Middle-market lender LBC Credit Partners has provided acquisition financing to back RLJ Equity Partners’ purchase of Phase One Consulting Group, a provider of information technology-based consulting services to US federal civilian agencies. Phase One’s specialties…

Golub Provides Debt for Buy of PowerPlan

Golub Capital was the Joint Lead Arranger, Joint Bookrunner and Senior Administrative Agent, on a $195 million senior credit facility to back the recent acquisition of PowerPlan by Thoma Bravo. PowerPlan is a provider of…

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