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Sun Re-Enters Convenience Store Sector

Sun Re-Enters Convenience Store Sector

Sun Capital Partners has acquired Admiral Petroleum Company and Lemmen Oil Company (Admiral), a convenience store operator based in the Midwest. The operations of Admiral include 130 Admiral-branded gas and convenience stores and nine Lemmen-branded gas and convenience stores located in Michigan and Indiana. The company has approximately 1,400 employees and has been owned and…

AEI Acquires AC&A

AEI Acquires AC&A

AE Industrial Partners (AEI) has acquired AC&A, a maker specialty parts and tooling used in the aerospace industry. AC&A is a provider of composite/metallic parts and tooling used in the space, aerospace, unmanned aerial vehicle, defense, industrial, and specialty automobile markets. The company was founded in 2004 and is based in Lake Forest, CA (www.acamfg.com).…

Court Square to Sell Wyle

Court Square to Sell Wyle

Publicly-traded KBR, Inc. has entered into an agreement to acquire Wyle, a portfolio company of Court Square Capital Partners, for $570 million in cash. Court Square acquired Wyle in June 2009 from Littlejohn & Co. which had acquired the company in 2003. Wyle is a provider of engineering, professional, scientific and technical services primarily to…

Huron and RLG Acquire InterVision Systems

Huron and RLG Acquire InterVision Systems

Huron Capital Partners has acquired InterVision Systems, an IT services provider. The transaction was completed in partnership with RLG Capital and senior members of the InterVision management team. InterVision provides cloud and enterprise IT services including architecture, integration and configuration, installation, maintenance contract renewals, staff augmentation, project management, and managed services. The company was founded…

Prospect Forms New Waste Management Platform

Prospect Forms New Waste Management Platform

Prospect Partners has acquired Waste Harmonics, a provider of outsourced waste management services. Expedition Capital Partners and the management team of the company co-invested alongside Prospect Partners. Waste Harmonics provides outsourced waste management services – pick-up, hauling, recycling, and sustainability – to companies with multiple locations across a wide geographic territory. The company manages all…

Saugatuck Builds Up APCT

Saugatuck Builds Up APCT

APCT, a manufacturer of multilayer printed circuit boards and a portfolio company of Saugatuck Capital, has acquired the stock of Tech Circuits and its sister company Source Technologies. APCT has been a portfolio company of Saugatuck since December 2013. Tech Circuits and Source Technologies (Tech Circuits) are manufacturers of time critical advanced technology printed circuit…

News

Ares to Buy American Capital

Ares to Buy American Capital

Ares Capital has agreed to acquire American Capital in a cash and stock transaction valued at $3.4 billion. On a combined pro forma basis the companies would have more than $13 billion of investments at fair value as of March 31, 2016. The boards of both companies have unanimously approved the transaction. American Capital (NASDAQ:…

NXT Capital Backs Freeman Spogli

NXT Capital Backs Freeman Spogli

NXT Capital has provided additional financing to support the add-on acquisition by Regent Holding Company of Illume, a designer, manufacturer, and marketer of branded and private label home fragrances. Regent has been a portfolio company of Freeman Spogli since October 2015. NXT provided the original senior secured credit facility to back Freeman Spogli’s acquisition of…

Blue Ridge Names New Managing Director of Analytics

Blue Ridge Names New Managing Director of Analytics

Blue Ridge Partners, a management consulting firm that advises on revenue growth, has named Marten Leijon as Managing Director of Analytics. Mr. Leijon is based in the firm’s McLean, VA headquarters. Blue Ridge Partners is a management consulting firm that helps companies improve the performance of their revenue function in order to create shareholder value.…

Oxer Closes SBIC Fund

Oxer Closes SBIC Fund

Oxer Capital has launched Oxer BCP Mezzanine Fund, LP, a Small Business Investment Company (SBIC) to invest in lower middle-market businesses. Oxer invests from $2 million to $10 million in subordinated debt and equity in Midwest-based companies that have annual revenues from $10 million to $100 million. “Many successful private companies of this size lack…

Cyber Security Pro Joins JMP

Cyber Security Pro Joins JMP

Investment bank JMP Group has hired Don More as a managing director to lead the firm’s cyber security sector. Mr. More will be based in JMP’s New York office. “Don has built one of the premier cyber security M&A practices on Wall Street,” said Carter Mack, president of JMP Group. “At JMP he will be…

Pamplona Raises $1 Billion

Pamplona Raises $1 Billion

Pamplona Capital Management has raised a new fund, Pamplona TMT Fund I, LP, with $1 billion in capital commitments. The new fund will make equity investments in 12 to 15 companies that are active in the technology, media, and telecommunications (TMT) sectors. Specifically, the fund will invest in cloud computing and SaaS companies, mobile platforms…

New Platform

Sun Re-Enters Convenience Store Sector

Sun Capital Partners has acquired Admiral Petroleum Company and Lemmen Oil Company (Admiral), a convenience store operator based in the Midwest. The operations of Admiral include 130 Admiral-branded gas and convenience stores and nine Lemmen-branded…

AEI Acquires AC&A

AE Industrial Partners (AEI) has acquired AC&A, a maker specialty parts and tooling used in the aerospace industry. AC&A is a provider of composite/metallic parts and tooling used in the space, aerospace, unmanned aerial vehicle,…

Huron and RLG Acquire InterVision Systems

Huron Capital Partners has acquired InterVision Systems, an IT services provider. The transaction was completed in partnership with RLG Capital and senior members of the InterVision management team. InterVision provides cloud and enterprise IT services…

Add-on

Saugatuck Builds Up APCT

APCT, a manufacturer of multilayer printed circuit boards and a portfolio company of Saugatuck Capital, has acquired the stock of Tech Circuits and its sister company Source Technologies. APCT has been a portfolio company of…

Industrial Growth Partners Adds On

Grakon, a maker of custom lighting and electronics products for OEM vehicle manufacturers, has acquired the business and assets of Hamsar Diversco.  Grakon has been a portfolio company of Industrial Growth Partners since October 2014.…

Francisco Partners Acquires Ajax

Ichor Systems, a portfolio company of Francisco Partners, has acquired Ajax-United Patterns and Molds (DBA Ajax Custom Manufacturing). Ajax specializes in the manufacturing and assembly of plastic and metal products for the medical/biomedical, semiconductor, data…

KPS Adds On to Electrical Components

Electrical Components International, a portfolio company of KPS Capital Partners, has agreed to acquire Whitepath Fab Tech, a maker of control boxes and wire harnesses, and a provider of assembly services to the HVAC industry.…

Exit

Court Square to Sell Wyle

Publicly-traded KBR, Inc. has entered into an agreement to acquire Wyle, a portfolio company of Court Square Capital Partners, for $570 million in cash. Court Square acquired Wyle in June 2009 from Littlejohn & Co.…

Brynwood to Sell High Ridge to CD&R

Brynwood Partners has signed an agreement to sell High Ridge Brands to Clayton, Dubilier & Rice for $415 million.  This sale is the largest realization in Brynwood’s 32-year history. The transaction is expected to close…

ACAS Sells Pacific Handy Cutter

American Capital (ACAS) has sold its portfolio company Pacific Handy Cutter, a maker of commercial cutting tools, to Levine Leichtman Capital Partners. Pacific Handy Cutter is a designer, manufacturer and marketer of safety cutters, utility…

RoundTable Sells Topical Pharma Division

RoundTable Healthcare Partners has sold the topical pharmaceutical business of its portfolio company Renaissance Acquisition Holdings to pharmaceutical company Mylan NV for $950 million in cash at closing plus up to an additional $50 million…

Financing

Ares to Buy American Capital

Ares Capital has agreed to acquire American Capital in a cash and stock transaction valued at $3.4 billion. On a combined pro forma basis the companies would have more than $13 billion of investments at…

NXT Capital Backs Freeman Spogli

NXT Capital has provided additional financing to support the add-on acquisition by Regent Holding Company of Illume, a designer, manufacturer, and marketer of branded and private label home fragrances. Regent has been a portfolio company…

Antares Backs ABRY Buy of SambaSafety

Antares Capital was the administrative agent, lead arranger and bookrunner on a senior secured credit facility to support the acquisition last month of Safety Holdings (DBA SambaSafety) by ABRY Partners. The selling shareholders of SambaSafety…

Monroe Backs Buy of Twin-Star

Monroe Capital was the sole lead arranger and administrative agent on a senior term loan to support the acquisition of Twin-Star International by Z Capital Partners. Twin-Star designs and manufactures decorative electric fireplaces, heaters, home…

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