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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,…

Peak Rock to Buy Diamond Crystal Brands

Peak Rock to Buy Diamond Crystal Brands

Peak Rock Capital has signed an agreement to acquire Diamond Crystal Brands, a manufacturer and distributor of portion control and single serve food and beverage products, from publicly-traded Hormel Foods. The transaction should close by the end of the second quarter. Diamond Crystal Brands (DCB) makes specialty food products that are sold to foodservice distributors,…

Frontenac Acquires Liquid Technologies

Frontenac Acquires Liquid Technologies

Frontenac has completed the acquisition of Liquid Technologies, a contract formulator and manufacturer of personal care products. Liquid Technologies capabilities include formulation, development, blend manufacturing, filling and packaging. Products include shampoos, conditioners, styling products and aerosols, in addition to skin care products such as creams and lotions. The company is headquartered east of Los Angeles…

Ridgemont Buys Lifeguard Medical

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 heart attack or similar emergency. In addition to its distribution capabilities, Lifeguard is also certified by the American Heart Association…

News

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…

Speyside Closes Debut Fund

Speyside Closes Debut Fund

Speyside Private Fund Advisers, a special situations buyout firm, has closed Speyside Equity Fund I LP with $130 million of capital commitments. The new fund was closed in less than 4 months of fundraising and was significantly oversubscribed. Investors in Fund I include institutional limited partners such as, endowments, foundations, insurance companies, fund of funds,…

New Platform

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.…

Peak Rock to Buy Diamond Crystal Brands

Peak Rock Capital has signed an agreement to acquire Diamond Crystal Brands, a manufacturer and distributor of portion control and single serve food and beverage products, from publicly-traded Hormel Foods. The transaction should close by…

Add-on

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…

H.I.G. Buys Akcros

Valtris Specialty Chemicals, a portfolio company of H.I.G. Capital, has acquired Akcros Holdings, a specialty chemical company based in the UK. Akcros products are used as additives in the production and processing of polymers, paint,…

Huron Keeps on Coating

Valentus Specialty Chemicals, a portfolio company of Huron Capital Partners, has acquired the floor finishes business of Precision Technology. Huron Capital formed Valentus in May 2014 in partnership with Ray Chlodney, John Ragazzini and Bob…

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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