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CIVC Acquires Sitewise

CIVC Acquires Sitewise

Track Utilities, a portfolio company of CIVC Partners, has acquired Sitewise Corporation, a provider of compliance related operations and maintenance; re-construction; and new construction services to oil, natural gas, electric, and telecom companies. The Sitewise’ management team is led by Lee Wilkerson, President; Jeff Sedillos, VP of Operations; and Myron Stadler, VP of Finance. At…

Leonard Green to Buy ExamWorks

Leonard Green to Buy ExamWorks

Leonard Green & Partners has entered into an agreement to acquire publicly-traded ExamWorks Group, a provider of independent medical examinations, for $2.2 billion. The transaction is expected to close in the third quarter of 2016. ExamWorks provides independent medical examinations, peer reviews, bill reviews, Medicare compliance services, case management services, record retrieval services, and document…

Arsenal Continues Chemical Buys

Arsenal Continues Chemical Buys

Polymer Solutions Group, a portfolio company of Arsenal Capital Partners, has acquired Sasco Chemical Group, a maker of specialty chemicals for the rubber, wood, consumer and medical industries. Sasco Chemical is a manufacturer of rubber anti-tack agents. Anti-tack agents are materials designed to eliminate the self-adhesive quality of rubber products and are applied to products…

Frontenac Adds-On to A.H. Harris

Frontenac Adds-On to A.H. Harris

A.H. Harris, a distributor of construction supplies and equipment and a portfolio company of Frontenac, has completed the add-on acquisition of Kenseal Construction Products. Kenseal is a distributor of waterproofing; sealants; stucco and EIFS (exterior insulation and finishing systems); glass and glazing; and concrete restoration and repair products. Kenseal has 13 stocking locations located along…

Graham Buys Acme Cryogenics

Graham Buys Acme Cryogenics

Graham Partners has acquired Acme Cryogenics from publicly traded Gladstone Investment Corporation. Gladstone acquired a majority equity interest in the company in December 2006. Acme Cryogenics is a manufacturer of products and a provider of field services used in the production, distribution, and storage of cryogenic (extremely low temperature) liquids and industrial gases. Acme’s customers…

NEP Sells Momentum Group to Riverside

NEP Sells Momentum Group to Riverside

Norwest Equity Partners (NEP) has sold its portfolio company, Momentum Group, a distributor of commercial textiles, to the Riverside Company. This is the second time that Riverside has acquired a majority equity interest in Momentum. Momentum Group distributes fabrics to commercial furniture manufacturers as well as architectural and design firms that serve the office, hospitality,…

News

Sunstone Closes First Fund

Sunstone Closes First Fund

Sunstone Partners has closed its first fund, Sunstone Partners I, LP, with $300 million of total commitments. The new fund had a target of $200 million, was oversubscribed, and closed at its hard cap. Sunstone Partners was formed by a spin-out of the growth equity team of Trident Capital and the firm was initially known…

Monroe Backs Buy of Twin-Star

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 furnishings (television stands, speaker bars, cabinets, beds, and kitchen islands) and consumer electronics (headphones, power surge protectors and HDMI cables).…

Ex-Halyard Pro Joins Yukon

Ex-Halyard Pro Joins Yukon

Michael Furey has joined Yukon Partners as the firm’s newest partner. He will be active in sourcing and evaluating new investment opportunities as well as portfolio management. Prior to joining Yukon, Mr. Furey was a partner at Halyard Capital, a maker of control and junior capital investments in business services, media, and communications companies. At…

JMC Adds New Principal

JMC Adds New Principal

JMC Capital Partners has hired Bill Tamul as a new principal of the firm.  Since 2009, he has been a Senior Vice President at Deloitte Advisory. At Deloitte, Mr. Tamul was a member of the transaction and business analytics practice. Mr. Tamul led a number of engagements and worked with client management teams to develop…

Ares Closes Up Fund V at $7.8 Billion

Ares Closes Up Fund V at $7.8 Billion

Ares Management has closed Ares Corporate Opportunities Fund V, LP (ACO) with $7.8 billion of total commitments. Fundraising began in the third quarter of 2015 with an initial target of $6.5 billion. Ares Corporate Opportunities Fund IV closed with $4.7 billion of committed capital in August 2012. The new fund’s total commitments include $250 million…

Saw Mill and Falcon Partner Up on Industrial Platform

Saw Mill and Falcon Partner Up on Industrial Platform

Saw Mill Capital and Falcon Investment Advisors have partnered with David Westgate to seek and acquire manufacturing businesses. To fund the new platform, Saw Mill will invest from its newly raised fund, Saw Mill Capital Partners II, LP, while Falcon will invest from Falcon Strategic Partners V, LP. The new platform will acquire divisions or…

New Platform

Leonard Green to Buy ExamWorks

Leonard Green & Partners has entered into an agreement to acquire publicly-traded ExamWorks Group, a provider of independent medical examinations, for $2.2 billion. The transaction is expected to close in the third quarter of 2016.…

Graham Buys Acme Cryogenics

Graham Partners has acquired Acme Cryogenics from publicly traded Gladstone Investment Corporation. Gladstone acquired a majority equity interest in the company in December 2006. Acme Cryogenics is a manufacturer of products and a provider of…

NEP Sells Momentum Group to Riverside

Norwest Equity Partners (NEP) has sold its portfolio company, Momentum Group, a distributor of commercial textiles, to the Riverside Company. This is the second time that Riverside has acquired a majority equity interest in Momentum.…

Add-on

CIVC Acquires Sitewise

Track Utilities, a portfolio company of CIVC Partners, has acquired Sitewise Corporation, a provider of compliance related operations and maintenance; re-construction; and new construction services to oil, natural gas, electric, and telecom companies. The Sitewise’…

Arsenal Continues Chemical Buys

Polymer Solutions Group, a portfolio company of Arsenal Capital Partners, has acquired Sasco Chemical Group, a maker of specialty chemicals for the rubber, wood, consumer and medical industries. Sasco Chemical is a manufacturer of rubber…

Frontenac Adds-On to A.H. Harris

A.H. Harris, a distributor of construction supplies and equipment and a portfolio company of Frontenac, has completed the add-on acquisition of Kenseal Construction Products. Kenseal is a distributor of waterproofing; sealants; stucco and EIFS (exterior…

Ridgemont Buys Lifeguard Medical

Allied 100, a portfolio company of Ridgemont Equity Partners, has acquired Lifeguard Medical Solutions, a distributor of automated external defibrillators (AEDs) and accessories. AEDs are electric life-saving devices used to restart patient heartbeats during a…

Exit

Brazos Exits Southern Tide

Brazos Private Equity has sold Southern Tide, a lifestyle apparel brand, to Oxford Industries at an enterprise value of $85 million. Brazos invested in Southern Tide in August 2013 with capital from its $715 million…

TVV Capital Exits Indco

TVV Capital has sold its portfolio company Indco, a manufacturer of mixing equipment. The sale generated a 3.2x return on invested capital for TVV’s second fund, Tennessee Valley Ventures II, LP. Indco is a designer,…

Castle Harlan Exits Baker & Taylor

Castle Harlan has sold Baker & Taylor, a distributor of books, video and music products, to Follett Corporation. Castle Harlan Partners IV, LP acquired Baker & Taylor in July 2006 in a transaction valued at…

Wynnchurch and Comvest Exit U.S. Pipe

Wynnchurch Capital and Comvest Partners have sold their portfolio company USP Holdings Inc. (US Pipe) to Forterra Building Products. Wynnchurch and Comvest acquired US Pipe through a divestiture from Mueller Water Products in April 2012.…

Financing

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…

Yukon Backs Grey Mountain Recap of Binswanger

Grey Mountain Partners has completed a recapitalization of Binswanger Enterprises, an installer and retailer of architectural glass and aluminum products. Yukon Partners provided mezzanine capital to support the recapitalization and also acquired a minority equity…

ORIX USA Group Launches IX Capital Partners

ORIX USA has formed IX Capital Partners, LLC, a new investment firm that is part of its majority-owned subsidiary, Mariner Investment Group. IX Capital Partners (IXCP) will invest from $50 million to $150 million of…

Abacus Backs WestView Recapitalization of VC3

Abacus Finance Group was the Administrative Agent and Sole Lead Arranger for $14 million in senior secured credit facilities to support the recapitalization of VC3 by WestView Capital. Abacus also made an equity co-investment in…

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