I've been a business reporter for a while. I've covered Wall Street, venture capital and now private equity. I'm always looking for a scoop or something to talk about. I'm the eternal optimist and am still waiting for the Chicago Cubs to win the World Series. Yes, I believe.
4 min read · 06 March 2018
Newterra said March 6 that it acquired Aeration Industries International LLC. Financial terms weren’t announced. Granite Equity Partners was the seller. Aeration, of Chaska, Minnesota, provides wastewater aeration and mixing solutions for the industrial, municipal, and aquaculture markets.
2 min read · 06 March 2018
Northern Pacific Group, along with DGB Investments and St. Cloud Capital, has acquired Pipeworks Inc in a carve-out from parent Digital Bros. Financial terms weren’t announced. Pipeworks, of Eugene, Oregon, is a studio specializing in advanced consumer and commercial games with “real world” scenarios. The company employs more than 80 people.
3 min read · 06 March 2018
Satori Capital has acquired a majority of Zorch International Inc. Financial terms weren’t announced. Zorch, of Chicago, designs and distributes branded merchandise and promotional products. Petsky Prunier, led by Norm Colbert, Michael Petsky, and Marc Flor, advised Zorch.
2 min read · 06 March 2018
2 min read · 06 March 2018
Pivotal Payments said March 6 that Mark Pyke has joined as president. Pyke is the former president of the Merchant Services segment at TSYS. Pivotal Payments is backed by Novacap and Caisse de dépôt et placement du Québec.
2 min read · 06 March 2018
GTCR and Sycamore Partners said March 6 that they agreed to buy CommerceHub in a deal valued at about $1.1 billion. CommerceHub, of Albany, New York, provides a distributed commerce network for retailers and brands. CommerceHub was advised by Evercore and Baker Botts LLP. GTCR and Sycamore were advised by William Sorabella, Stephen Ritchie and Mikaal Shoaib of Kirkland & Ellis LLP.
10 min read · 06 March 2018
LDC, the PE arm of Lloyds Banking Group, has hired bankers to sell PEI Media Group, the Wall Street Journal is reporting. Livingstone Partners is running the process; the business is likely to fetch 100 million pounds ($139 million), the story said.
1 min read · 06 March 2018
New State Capital Partners said March 6 that it second institutional fund closed on its $225 million hard cap. New State, of New York, focuses on companies in sectors such as business services, healthcare services and industrials sectors. With Fund II, New State said it can invest more than $50 million equity per deal.
2 min read · 06 March 2018
Opus Agency, a portfolio company of Growth Catalyst Partners, has acquired CRG Events. Financial terms weren’t announced. CRG Events, of Seattle, is an event management agency. CRG’s long-time CEO, Leasa Mayer, will serve as executive vice president at Opus.
2 min read · 06 March 2018
