Odyssey Acquires Cross Country Pipeline Supply
Odyssey Investment Partners has acquired Cross-Country Pipeline Supply Co., an equipment and supplies provider to the oil and gas pipeline construction industry. This acquisition is Odyssey’s seventh investment in the industrial rental services sector. Cross Country provides equipment to the domestic pipeline construction industry for rent and sale. The company’s customers are typically pipeline contractors…
KRG Capital Partners Acquires AC Label
Fort Dearborn Company, a diversified supplier of labels and a portfolio company of KRG Capital Partners, has acquired AC Label, a maker of labels for craft beer, liquor and food bottles. AC Label is a supplier of specialty cut & stack and pressure sensitive labels primarily for the beverage, nutraceutical and spirits markets. The company…
CIVC Partners Acquires Eta Engineering Consultants
EN Engineering, a portfolio company of CIVC Partners, has acquired Eta Engineering Consultants. CIVC acquired EN Engineering from Clearview Capital in May 2012. Eta Engineering Consultants (EEC) is an engineering firm providing industrial, process safety management, automation and manufacturing, and power and instrumentation system services nationwide. The company serves the petroleum, chemical, coal, and natural…
Intervale Capital Acquires Antelope Oil Tool
Intervale Capital has acquired Antelope Oil Tool & Manufacturing Company, a manufacturer of oilfield casing and cementing products. Upon closing of the acquisition, George Ribble was named President and Chief Executive Officer of Antelope. Mr. Ribble was previously with Weatherford International, a casing hardware manufacturer. “I’m thrilled to partner with Antelope’s existing management team and…
EQT Exits Springer Science+Business Media
EQT and GIC Special Investments have agreed to sell Springer Science+Business Media, a scientific, technical and medical publisher, to BC Partners for €3.3 billion. Springer had sales in 2012 of €981 million and EBITDA of €341 million. EQT and GIC acquired Springer in February 2010. The sale of Springer to BC Partners is expected to…
Morgenthaler Acquires United Pipe & Steel
Morgenthaler Private Equity has acquired United Pipe & Steel Corp., a distributor of steel, copper and plastic pipe. UP&S Founder and Owner, David Cohen, will retain a substantial ownership interest and President and CEO Greg Leidner will continue to lead the company. United Pipe & Steel is an independent master distributor of steel pipe, copper…
One Equity Partners to Spin Out from JPMorgan Chase
One Equity Partners (OEP), the private equity unit of JPMorgan Chase, will begin to raise its next fund from an external group of limited partners and become independent from JPMorgan Chase. OEP will continue to make direct investments for JPMorgan Chase for an interim period and will continue to manage its existing group of portfolio…
Babson Backs Buy of Crown Group
Babson Capital Management has provided subordinated debt and made an equity co-investment to support the acquisition of The Crown Group by High Road Capital Partners and Charter Oak Equity. The sellers of Crown were members of the Baer family which founded the company in 1950. The Crown Group provides coatings for electrocoat, powder coat, and…
Amherst Partners Adds Director in Investment Banking
Erik Egerer has joined Amherst Partners as a new Director. Mr. Egerer will be based in the firm’s Birmingham, MI office. Mr. Egerer has nearly 15 years experience providing advisory assistance relating to mergers, acquisitions, divestitures and capital raising for middle-market companies across a range of industries. He has advised on nearly $1 billion in…
KPS Completes Second Dividend Recap of Waupaca Foundry
KPS Capital Partners has completed a second dividend recapitalization of its portfolio company, Waupaca Foundry. The proceeds of this recapitalization, funded by a $125 million upsizing of the company’s term loan, were used to fund a $125 million cash distribution to stockholders. Financing for the recapitalization was provided by a syndicate of banks and institutional…
Piper Jaffray Acquires Investment Bank Edgeview Partners
Piper Jaffray has entered into an agreement to acquire middle-market investment bank Edgeview Partners. The transaction is expected to close in the third quarter of 2013. Edgeview Partners provides merger and acquisition advisory services to middle-market clients and private equity firms across a range of industries including business services, transportation and logistics, industrials, healthcare, applied…
Babson Backs Main Street’s Buy of Hi-Rel
Babson Capital Management has provided subordinated debt and made an equity co-investment to support Main Street Capital Holdings’ acquisition of the Hi-Rel Group. Babson Capital was the sole provider of subordinated debt on the transaction. “Main Street is pleased to have the support of our valued longtime partner Babson Capital on our investment in the…
