Private Equity
Lincolnshire Management Inc said Oct. 15 that it invested in Powerhouse and two related companies. This included Security Vault Works Inc and add-on One Source Security & Sound. Financial terms weren’t announced. Powerhouse provides recurring facilities maintenance services, while Security Vault installs self-service kiosks and automated teller machines mainly for financial institutions.
3 min read · 15 October 2019
Lee Equity Partners LLC said Oct. 15 that it acquired a majority stake in The Living Co. Financial terms weren’t announced. The Living Co, of Dallas, is provides furniture, fixtures, and equipment to off-campus student housing properties.
3 min read · 15 October 2019
FFL Partners said Oct. 15 that it agreed to sell Crisis Prevention Institute to Wendel. Financial terms weren’t announced. Crisis Prevention, of Milwaukee, Wisconsin, provides crisis prevention and intervention training programs to help professionals respond to anxious, hostile and violent behaviors with safe and effective methods. Wendel, in a separate statement, said it is investing about $590 million for 98 percent of CPI. UPDATE: The enterprise value of the deal is $910 million.
4 min read · 15 October 2019
Carlyle Group plans to sell Addison Lee by early next year to avoid a debt restructuring or extension, the Financial Times reported. Addison Lee, a taxi business, said its bankers were evaluating its future capital structure and are focused on an “ongoing sales process,” the story said. Bank of America Merrill Lynch and Rothschild are advising, the FT said. Addison Lee has 230 million pounds in net debt, with the majority due for repayment in April 2020, the story said.
1 min read · 15 October 2019
Sciens Building Solutions, which is backed by Huron Capital, has acquired Mount Dora, Florida-based SmartWatch, a security, fire alarm and sound integrator serving Orlando and the Central Florida area. No financial terms were disclosed.
3 min read · 14 October 2019
Lindsay Goldberg and American Securities LLC agreed Oct. 14 to buy the management services business of AECOM. AECOM said in a separate statement that the deal was valued at $2.405 billion or 11.6x expected fiscal 2019 adjusted EBITDA. Management services, of Germantown, Maryland, is a contractor to the U.S. federal government and serves various departments and agencies, including the Department of Defense and the Department of Energy. Services include program and facilities management, environmental management, training, logistics, consulting, systems engineering and technical assistance, and systems integration and information technology.
3 min read · 14 October 2019
CONSOR Engineers, a portfolio company of Keystone Capital, has acquired Fort Myers, Florida-based TKW Consulting Engineers, a engineering and inspection firm specializing in water/wastewater, structural and civil projects. No financial terms were disclosed. CONSOR is a North American transportation and infrastructure engineering firm. CONSOR has offices in multiple cities, which include Toronto, Dallas, Miami and New York City.
2 min read · 11 October 2019
Artisan Design Group, a portfolio company of The Sterling Group, has acquired Dixie Carpet Installations Inc, a provider of flooring installation and replacement services to existing and new construction multifamily properties across Texas. No financial terms were disclosed.
2 min read · 10 October 2019
CoolSys, which is backed by Ares Management Corporation, has acquired Florida-based Building Air Services, a provider of service and preventive maintenance programs for commercial air conditioning, heating, refrigeration and automated building controls. No financial terms were disclosed.
3 min read · 10 October 2019
National Fire & Safety, which is backed by Highview Capital, has acquired Tempe, Arizona-based RCI Systems Inc, a contractor of fire-sprinkler services. No financial terms were disclosed.
3 min read · 10 October 2019
