Kraco Enterprises, a distributor of automotive aftermarket floor mats, has agreed to acquire Auto Expressions, the automotive aftermarket accessories business of Shell subsidiary Pennzoil-Quaker State Co. No financial terms were disclosed. Kraco is a portfolio company of Sun Capital Partners.
3 min read · 09 June 2010
CombineNet, a Pittsburgh-based provider of sourcing and optimization technologies, has raised an undisclosed amount of funding from Alta Communications.
3 min read · 09 June 2010
1 min read · 09 June 2010
Elizabeth de Saint-Aignan and Pamela Bliss Harris have joined the Boston office of TA Associates as a senior VP (tech) and a VP (investor relations), respectively. Saint-Aignan previously was with Nautic Partners, while Harris was with Capital Resource Partners.
2 min read · 09 June 2010
Global Equity Capital has sold Sound Design Technologies, a maker of ultra-low-power semiconductor solutions, to ON Semiconductor Corp. (Nasdaq: ONNN). The deal included $22 million in cash and up to $10 million in earn-outs.
3 min read · 09 June 2010
TEOCO, a Fairfax, Va.-based provider of routing and revenue management software for communication service providers, has agreed to acquire TTI Team Telecom International, a supplier of operations support systems (OSS) to communications service providers. The deal is valued at $58 million. TEOCO raised $60 million in equity funding from TA Associates, in exchange for a minority ownership position, two years ago.
6 min read · 09 June 2010
The Cook & Boardman Group, a portfolio company of Blue Point Capital Partners, has acquired SBS Commercial Door & Hardware, a distributor of commercial doors, door frames, architectural hardware and related accessories. No pricing terms were disclosed. RBC Bank provided leveraged financing.
3 min read · 09 June 2010
PNC Equity Partners has acquired Oracle Elevator Co., a Dover Plains, N.Y.-based provider of elevator services. The seller was Jupiter Partners, while Oracle was advised by Sperry, Mitchell & Company. No financial terms were disclosed.
2 min read · 09 June 2010
Norma Group, a developer of metal and plastic engineered joining technology solutions, has acquired R.G. Ray Corp., a maker of heavy duty engineered clamps. No financial terms were disclosed. Norma Group is a portfolio company of 3i Group. Biard advised R.G. Ray on the sale.
2 min read · 09 June 2010
Transom Capital Group has acquired Uncle Milton Industries Inc., a maker of toys like the Ant Farm brand ant habitats. No financial terms were disclosed. Uncle Milton was advised on the deal by Sherwood Partners.
3 min read · 09 June 2010
