Private Equity
Caisse de dépôt et placement du Québec said Feb. 21 that it has invested in Allied Universal. CDPQ’s investment includes about $400 million of capital to Allied. Investors currently include Allied’s management, Warburg Pincus and Wendel. Allied is a security and facility services company with more than 210,000 employees. The deal values Allied at more than $7 billion.
3 min read · 21 February 2019
Pfingsten has acquired Pleasanton, California-based Full Spectrum Group, a provider of repair, maintenance and validation services for laboratory instrumentation. No financial terms were disclosed for the deal that was done in partnership with Full Spectrum's founders Tom Fider, Alan Chan and John Martin.
2 min read · 20 February 2019
An investor group led by Upper Bay Infrastructure Partners has acquired Vancouver, Washington-based Tidewater Transportation & Terminals, a transportation and terminal company. The seller was Stonepeak Infrastructure Partners. No financial terms were disclosed. Evercore acted as financial adviser to Stonepeak on the deal.
4 min read · 20 February 2019
National Express Wash has acquired El Car Wash. Financial terms weren’t announced. El Car Wash owns and develops car wash locations in Miami and the broader South Florida market. National Express is backed by Wafra Inc, Audrose Partners and Fireside Investments.
3 min read · 19 February 2019
TheStreet Inc said Feb. 14 that it closed the sales of The Deal and BoardEx to Euromoney Institutional Investor PLC. The transaction was announced in December.
3 min read · 14 February 2019
Canaccord Genuity Group Inc said Feb. 13 that it acquired Petsky Prunier. Terms of the deal call for Petsky to receive C$40.0 million (US$30.0 million) in cash and C$20.0 million (US$15.0 million) in Cannaccord shares. Petsky will get another C$53.2 million (US$40.0 million) in additional contingent consideration that will be paid in cash over a four-year period subject to meeting certain revenue targets over that period. Petsky Prunier, of New York, is an investment bank focused on mid-market technology, media, marketing, information & services and healthcare industries. All Petsky Prunier partners have entered into employment agreements with Canaccord Genuity.
7 min read · 14 February 2019
Bow River Capital has agreed to recapitalize Kivu Consulting, a cybersecurity consulting firm. No financial terms were disclosed. Bryan Cave Leighton Paisner LLP served as legal adviser to Bow River.
2 min read · 13 February 2019
1 Priority Environmental Services LLC, a portfolio company of O2 Investment Partners, has acquired Earth Services & Abatement Inc. Financial terms weren’t announced. Earth Services provides environmental remediation and selective demolition services in the Rocky Mountain and Midwest regions.
2 min read · 12 February 2019
Acacia Partners said Feb. 6 that it sold its investment in Perennials & Sutherland LLC. Bertram Capital is investing in the company. Financial terms weren’t announced. Perennials, of Dallas, designs and makes 100 percent solution-dyed acrylic performance fabric and rugs for indoor and outdoor use and luxury outdoor furniture. Piper Jaffray advised Perennials & Sutherland while McGuire Woods served as legal counsel.
2 min read · 11 February 2019
Salt Lake City, Utah-based Flex Fleet Rental, a provider of medium-term truck rentals to commercial customers, has raised an undisclosed amount of funding. The investors were TRP Capital Partners and Waterfall Asset Management. Houlihan Lokey served as financial adviser to Flex Fleet on the transaction.
3 min read · 11 February 2019
