Private Equity
Surge Private Equity has made an investment in New York City-based Hippodrome Services Group, a provider of outsourced laundry and dry-cleaning services to four- and five-star hotels in Manhattan. No financial terms were disclosed. Harvest Capital Credit Corporation and Modern Bank N.A. provided the financing for the deal.
2 min read · 02 August 2019
RedNest Partners and Admiral Capital Group have acquired Niagara Falls, New York and Concord, Ontario-based Tecmotiv, a provider of maintenance, repair, overhaul and upgrade services and related components for military vehicle platforms. No financial terms were disclosed. In addition to the transaction, Gary Sheedy will become president and CEO of Tecmotiv. Philpott Ball & Werner LLC was the investment banking adviser to Tecmotiv.
4 min read · 31 July 2019
Hastings Equity Partners has made an investment in Houston-based Coyote, a provider of safety equipment rental, safety product sales, high angle and confined space rescue and in-plant communication services. No financial terms were disclosed. Locke Lord LLP provided legal counsel to Hastings while Cadence Bank provided financing support for the transaction.
3 min read · 31 July 2019
Arsenal Capital Partners said July 30 that it acquired Seal For Life Industries LLC for $328 million. Berry Global Group Inc is the seller. Seal For Life’s portfolio of brands offers corrosion protection and sealing solutions.
3 min read · 30 July 2019
FFL Partners said July 30 that it completed a majority investment in ALKU. Financial terms weren’t announced. ALKU, of Andover, Massachusetts, provides consulting and staffing services.
3 min read · 30 July 2019
Alpine Investors is buying Frank Gay Services. Best Home Services, an Alpine portfolio company, and Frank Gay will be part of Apex Service Partners, Alpine’s new platform. Financial terms weren’t announced. Frank Gay, of Orlando, Florida, is a HVAC, plumbing and electrical services and repairs company.
4 min read · 29 July 2019
An investor consortium led by Leonard Green & Partners LP and Ares Management Corporation has acquired Press Ganey Associates Inc, a provider of safety, quality, patient experience and workforce engagement solutions for healthcare organizations. No financial terms were disclosed. GIC, British Columbia Investment Management Corporation and a wholly owned subsidiary of the Abu Dhabi Investment Authority are other investors that participated in this transaction. Press Ganey was backed by EQT,
5 min read · 26 July 2019
McNally Capital said July 24 that it invested in Altamira Technologies. Financial terms weren’t announced. ClearSky and Nio Advisors LLC invested in the deal alongside McNally. Altamira provides analytics and engineering solutions to the U.S. national security community.
3 min read · 25 July 2019
Advent International is buying Cobham plc for about 4 billion pounds ($5 billion), according to a statement. Cobham, of the U.K., makes electronic warfare systems and communications for military vehicles, Reuters reported.
1 min read · 25 July 2019
Equistone Partners Europe said July 24 that it agreed to buy Heras from CRH plc. Company management is buying a minority stake in the business. Financial terms weren’t announced. Heras, of Oirschot in the Netherlands, provides mobile and permanent perimeter protection systems and products including fencing systems, manual and automated gates, hostile vehicle mitigation barriers and electronic perimeter detection products.
3 min read · 24 July 2019
