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Sterling Sells GEM to Platform Partners

Sterling Sells GEM to Platform Partners

Sterling Partners has sold its portfolio company GEM Mobile Treatment Services, a provider of environmental remediation services, to Evergreen Industrial Services, a portfolio company of Platform Partners. GEM Mobile Treatment Services (GEM), acquired by Sterling in 2010, provides mobile vapor control and tank degassing, mobile turnaround and marine services, mobile wastewater treatment services, as well…

GTCR Acquires Chapple Insurance Group

GTCR Acquires Chapple Insurance Group

AssuredPartners, an independent insurance agent and a portfolio company of GTCR, has acquired Chapple Insurance Group. Since 2011, AssuredPartners has acquired more than 80 insurance agencies. Chapple Insurance Group represents over 1,000 property and casualty clients in a wide range of industries throughout the United States, China, Canada, Mexico and Iraq.  The $2.5 million dollar-agency…

WestView Capital Partners Invests in Mintz Group

WestView Capital Partners Invests in Mintz Group

Boston-based WestView Capital Partners has made an investment in Mintz Group, a provider of investigation services. Mintz Group provides a range of risk mitigation services focused on due diligence, litigation and anti-corruption investigations. Customers include corporate decision makers, litigators, financial institutions, executive search professionals and non-profit groups. Since founding in 1994, the company has conducted…

Promus Equity and Grace Equity Acquire A&K C.N.C. Machining

Promus Equity and Grace Equity Acquire A&K C.N.C. Machining

QCC, a portfolio company of Promus Equity Partners and Grace Equity, has acquired A&K C.N.C. Machining, a manufacturer of metal products. QCC, formerly Quality Control Corporation, was acquired by Promus and Grace in April 2012. This transaction is the second acquisition of a family-owned machining business by QCC in the past twelve months.  “We have…

Highlander Partners Acquires Bushwacker

Highlander Partners Acquires Bushwacker

Lund International, a portfolio company of Highlander Partners, has acquired Bushwacker, a maker of protective vehicle accessories. Bushwacker is a designer, manufacturer, marketer, and distributor of branded aesthetic and protective vehicle accessories that are sold through both aftermarket and original equipment channels. The company’s products include a variety of fender flares, bedrail and tailgate caps,…

Revelstoke Acquires Quality Mobile X-Ray Services

Revelstoke Acquires Quality Mobile X-Ray Services

Schryver Medical Sales and Marketing, a portfolio company of Revelstoke Capital Partners, has acquired Quality Mobile X-Ray Services. Quality Mobile X-Ray Services is a regional provider of mobile diagnostic x‐ray services, as well as mobile ultrasound and other diagnostic testing services to customers in Middle and Western Tennessee, Kentucky, Alabama, Mississippi, and Arkansas. The company…

News

Are Valuations Commoditizing?

Are Valuations Commoditizing?

By Andy Greenberg, CEO GF Data A question raised with increasing frequency this past year is:  Are valuations of middle market businesses becoming commoditized? That is, if you have a business of a given size and industry, is it more likely now than at some point in the past to be valued within a narrower…

NXT Capital Closes $800 Million Leveraged Loan Fund

NXT Capital Closes $800 Million Leveraged Loan Fund

NXT Capital has closed NXT Capital Senior Loan Fund III, LP, (Fund III) an $800 million leveraged loan fund that will invest in first and second lien loan transactions originated and underwritten by NXT Capital’s Corporate Finance Group. Transactions made by Fund III will include term, delayed draw term, revolving credit, stretch senior, unitranche, first…

New BDO Study Predicts Modest 2015 Deal Flow

New BDO Study Predicts Modest 2015 Deal Flow

Coming off of a strong year for private equity in 2014, industry leaders have tempered their outlook for 2015, according to the sixth annual PErspective Private Equity Study conducted by BDO USA. While 41 percent of private equity fund managers report closing more than five deals in 2014, only 8 percent expect to do so…

Abacus Backs Thompson’s Buy of TriStar

Abacus Backs Thompson’s Buy of TriStar

Abacus Finance Group served as Administrative Agent and Sole Lead Arranger on a $20 million senior secured credit facility to support the recent leveraged buyout of TriStar Global Energy Solutions by Thompson Street Capital Partners. TriStar Global Energy Solutions is a provider of hydrocarbon decontamination, tank cleaning, degassing and other maintenance and turnaround services to…

Yukon Supports Revelstoke’s Acquisition of Encore

Yukon Supports Revelstoke’s Acquisition of Encore

Mezzanine provider Yukon Partners provided a subordinated debt facility and made an equity co-investment to support the buy of Encore Rehabilitation Services by Revelstoke Capital Partners. Encore is a regional provider of rehabilitative therapy services (physical, occupational and speech) and compliance and revenue cycle support services to skilled nursing facilities, assisted living facilities and home…

Caspian Closes Second Fund Above Target

Caspian Closes Second Fund Above Target

Caspian Private Equity has held a final close of Caspian Private Equity II, LP (CPE II) with $242 million of commitments. This is well above them firm’s initial fundraising target of $200 million. The new fund was raised from 85 limited partners. CPE II makes direct non-control equity investments primarily in US-based lower middle market…

New Platform

WestView Capital Partners Invests in Mintz Group

Boston-based WestView Capital Partners has made an investment in Mintz Group, a provider of investigation services. Mintz Group provides a range of risk mitigation services focused on due diligence, litigation and anti-corruption investigations. Customers include…

Babson Invests in Money Mailer

Babson Capital Management has made an investment in Money Mailer, an affiliate of Madison Industries.  Proceeds from the sale of preferred stock to Babson will be used to provide liquidity to Money Mailer shareholders and…

Bain Capital to Acquire TI Automotive

TI Automotive, a provider of fluid storage, carrying and delivery systems to automotive manufacturers, has entered into an agreement to be acquired by Bain Capital.  The existing management team will continue to lead the company. …

Add-on

GTCR Acquires Chapple Insurance Group

AssuredPartners, an independent insurance agent and a portfolio company of GTCR, has acquired Chapple Insurance Group. Since 2011, AssuredPartners has acquired more than 80 insurance agencies. Chapple Insurance Group represents over 1,000 property and casualty…

Promus Equity and Grace Equity Acquire A&K C.N.C. Machining

QCC, a portfolio company of Promus Equity Partners and Grace Equity, has acquired A&K C.N.C. Machining, a manufacturer of metal products. QCC, formerly Quality Control Corporation, was acquired by Promus and Grace in April 2012.…

Highlander Partners Acquires Bushwacker

Lund International, a portfolio company of Highlander Partners, has acquired Bushwacker, a maker of protective vehicle accessories. Bushwacker is a designer, manufacturer, marketer, and distributor of branded aesthetic and protective vehicle accessories that are sold…

Revelstoke Acquires Quality Mobile X-Ray Services

Schryver Medical Sales and Marketing, a portfolio company of Revelstoke Capital Partners, has acquired Quality Mobile X-Ray Services. Quality Mobile X-Ray Services is a regional provider of mobile diagnostic x‐ray services, as well as mobile…

Exit

Sterling Sells GEM to Platform Partners

Sterling Partners has sold its portfolio company GEM Mobile Treatment Services, a provider of environmental remediation services, to Evergreen Industrial Services, a portfolio company of Platform Partners. GEM Mobile Treatment Services (GEM), acquired by Sterling…

Three Arch, Petra and New Spring Exit Salveo Specialty Pharmacy

Three Arch Partners, Petra Capital and New Spring Capital have exited their investment in Salveo Specialty Pharmacy through a sale of the company to Catamaran Corporation. Salveo Specialty Pharmacy, headquartered in Saint Petersburg, was formed…

Pegasus Sells Climatec to Bosch

Pegasus Capital Advisors has completed the sale of Climatec, a provider of building automation and energy management services, to Robert Bosch North America Corporation (RBNA).  Pegasus acquired Climatec in April 2012. Climatec, founded in 1975,…

Sycamore Partners Sells Stuart Weitzman to Coach

Sycamore Partners has signed an agreement to sell Stuart Weitzman, a designer and manufacturer of women’s luxury footwear, to Coach, Inc. for approximately $530 million.  Coach will also make up to $44 million in contingent…

Financing

Abacus Backs Thompson’s Buy of TriStar

Abacus Finance Group served as Administrative Agent and Sole Lead Arranger on a $20 million senior secured credit facility to support the recent leveraged buyout of TriStar Global Energy Solutions by Thompson Street Capital Partners.…

Yukon Supports Revelstoke’s Acquisition of Encore

Mezzanine provider Yukon Partners provided a subordinated debt facility and made an equity co-investment to support the buy of Encore Rehabilitation Services by Revelstoke Capital Partners. Encore is a regional provider of rehabilitative therapy services…

CIT Leads Dividend Recap for SunTx

CIT was the lead agent on a $76 million senior secured credit facility to Construction Partners, a portfolio company of SunTx Capital Partners. Proceeds of the facility were used to refinance equipment and real estate-related…

Seabury Group Launches New Merchant Bank

Advisory and professional services firm Seabury Group has launched a new merchant banking platform within its Seabury Corporate Finance operating subsidiary.  The new merchant bank will pursue minority equity investing, private debt financing and commercial…

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