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LaSalle Capital Acquires H. Fox & Co.

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 chocolate and other flavored syrups sold through retail and foodservice channels under the Fox’s and Fox’s U-bet brands. The company…

Weller Acquires KFI Seating

Weller Acquires KFI Seating

Weller Equity Partners has acquired KFI Seating, a manufacturer and distributor of moderately priced seating and table products used in the educational, hospitality, commercial, and government end markets. KFI Seating has approximately 750 SKUs and has a a 160,000 sq. ft. manufacturing, warehouse and headquarters facility in Louisville. The company was founded in 1978 (www.kfiseating.com). “We have been…

Audax Exits Laborie Medical Technologies

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 used in urological, pelvic health and gastrointestinal applications. Customers include physician offices, hospitals, and mobile medical services providers.  The company…

Golden Gate Sells Phillips-Medisize

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 services to the medical device and diagnostics, drug delivery, and commercial markets. The company has annual sales of over $700…

Sun Capital Acquires Smart Grid Business from Tollgrade

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 real-time, electrical faults across medium voltage distribution networks. In addition, the LightHouse SMS also provides predictive analytics such as fault…

Sverica Acquires RMS Healthcare

Sverica Acquires RMS Healthcare

Sverica Capital Management has acquired a majority stake in RMS Healthcare Management, a provider of management services to Med First Immediate Care and Family Practice (Med First). Med First provides primary care, urgent care and occupational medicine services through 13 clinics located across rural North Carolina and South Carolina. RMS is headquartered in Jacksonville, NC…

News

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…

Abacus Backs LLCP Buy

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 acquisition of Pacific Handy Cutter, a portfolio company of American Capital, by Levine Leichtman Capital Partners (LLCP). Pacific Handy Cutter…

Gridiron Hires New Director of Business Development

Gridiron Hires New Director of Business Development

Gridiron Capital has hired Sean Kelley as a Principal and Director of Business Development. Prior to joining Gridiron, Mr. Kelley served as a vice president in the investment banking division at BB&T Capital Markets. Mr. Kelley’s responsibilities at BB&T included executing M&A and capital raising assignments for middle-market private equity groups and their portfolio companies.…

Constitution Capital Partners Adds Two Professionals

Constitution Capital Partners Adds Two Professionals

Lower middle market investor Constitution Capital Partners has added two professionals to its team with the hiring’s of Raymond Shih as an Associate and Athilia Chau Banh as a Staff Accountant. “We are excited to welcome Raymond and Athilia to Constitution Capital,” said Daniel Cahill, Managing Partner. “Both bring experience and perspective that will add…

Yukon Backs Sorenson’s Buy of Axiom

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” composite fibers where a matrix material, such as epoxy, is already present). Axiom sells its products to companies in the…

Scott Gilbertson Joins Pfingsten

Scott Gilbertson Joins Pfingsten

Pfingsten Partners has hired Scott Gilbertson as a new Principal. Mr. Gilbertson will be part of the firm’s Chicago-based corporate finance team and he will be responsible for business development, origination and transaction execution activities, including overseeing the firm’s direct sourcing initiatives with entrepreneurs and industry executives. “Scott has over 19 years of experience in…

Private Equity Conference September 29 & 30 Ann Arbor
New Platform

Weller Acquires KFI Seating

Weller Equity Partners has acquired KFI Seating, a manufacturer and distributor of moderately priced seating and table products used in the educational, hospitality, commercial, and government end markets. KFI Seating has approximately 750 SKUs and has a a…

Sverica Acquires RMS Healthcare

Sverica Capital Management has acquired a majority stake in RMS Healthcare Management, a provider of management services to Med First Immediate Care and Family Practice (Med First). Med First provides primary care, urgent care and…

May River Acquires MECA

May River Capital has acquired MECA & Technology Machine, in partnership with the company’s management team and other co-investors. MECA is a manufacturer of tight tolerance sleeves, machined components, and rolls used in the packaging,…

Add-on

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…

J.F. Lehman Add-on to Trident

Trident Maritime Systems, a portfolio company of J.F. Lehman & Company, has signed an agreement to acquire Callenberg Technology Group from Wilhelmsen Maritime Services. Callenberg designs, assembles, integrates, and supports HVAC; electrical controls; power distribution…

Huron Keeps Building Valentus Specialty Chemicals

Valentus Specialty Chemicals, a portfolio company of Huron Capital Partners, has acquired Absolute Coatings, the wood floor finishes business of Paint Over Rust Products. Absolute Coatings manufactures wood floor finishes under the ABSCO, Last-n-Last, and…

Exit

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…

L Catterton Sells Aquasana

L Catterton has sold its portfolio company Aquasana to publicly-traded A. O. Smith for $87 million in cash. Aquasana, acquired by L Catterton in 2009, designs, assembles and markets water treatment products including whole-house treatment…

Marwit Sells Driftwood Dairy to Vietnam Dairy Products

Marwit Capital Partners has completed the sale of its portfolio company, Driftwood Dairy, to Vietnam Dairy Products Corp. Driftwood Dairy is one of the largest processors of fresh milk, juices, and other dairy products in…

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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