Summit Materials, an acquisition platform in the building materials market, has acquired Cornejo & Sons, a Wichita, Kansas-based producer of and and gravel, asphalt and ready-mix concrete. No financial terms were disclosed. Summit was formed last fall by The Blackstone Group, Silverhawk Capital Partners and former BHP Billiton CEO Charles Goodyear. It has up to $780 million in capital commitments.
3 min read · 19 April 2010
Lineage Power Holdings Inc., a portfolio company of Gores Group, has completed its acquisition of PECO II Inc. (Nasdaq: PIII), a Galion, Ohio-based provider of engineering and on-site installation services related to communications power systems and power distribution equipment. The deal was valued at around $16.7 million, with PECO stockholders receiving $5.86 per share.
4 min read · 19 April 2010
2 min read · 19 April 2010
1 min read · 19 April 2010
1 min read · 19 April 2010
1 min read · 19 April 2010
2 min read · 17 April 2010
2 min read · 17 April 2010
Lightyear Capital has agreed to sell its majority stake in The NAU Group, a provider of crop insurance in the U.S., to a unit of Australia's QBE Insurance Group. The deal is valued at $565 million, plus a special dividend at closing.
2 min read · 16 April 2010
1 min read · 16 April 2010
