Industrials

Union Corrugating buys Oakland Metal Buildings

Union Corrugating Co, a portfolio company of Industrial Opportunity Partners, said Sept. 26 that it acquired Oakland Metal Buildings. Financial terms weren’t announced. Oakland Metal makes and distributes pre-engineered metal buildings.

Midwest Composite buys Fathom

Midwest Composite Technologies, a portfolio company of Core Industrial Partners, has acquired Fathom. Financial terms weren’t announced. Fathom is an advanced manufacturer with an expertise in 3D printing and additive manufacturing.

Skyline invests in BRM

Skyline Global Partners has made an investment in Chicago-based BRM, a maker of agricultural and construction products. No financial terms were disclosed.

CI Capital-backed Maroon Group buys Cambrian Solutions

Maroon Group, a distributor of specialty chemicals and ingredients across North America, has acquired Oakville, Ontario-based Cambrian Solutions, a provider of specialty ingredients and chemicals. No financial terms were disclosed. Most recently, in July 2019, Maroon Group acquired New Hampshire-based Amysn LLC, a national distributor of specialty chemicals to the coatings, lubricants, nutraceutical, pharmaceutical and electronics markets. Maroon Group is backed by CI Capital Partners.

Clearlake-backed Unifrax to buy DX assets

Unifrax, which is backed by Clearlake Capital Group, has agreed to acquire the assets of Shenyang JiuQing Dongxiang Glass Product Co. Ltd, a provider of high-performance specialty fibers in China. The seller was the Li Family. No financial terms were disclosed. Unifrax is a provider of high-performance specialty materials used in thermal management, emission control, batteries, specialty filtration and fire protection applications.

KPS-backed DexKo Global buys Safim

DexKo Global, which is backed by KPS Capital Partners LP, has acquired Safim, an Italian maker of highly engineered hydraulic braking system components. No financial terms were disclosed.

PE-backed Tangent Technologies makes two acquisitions

Tangent Technologies, which is backed by The Sterling Group, has acquired Home & Leisure and Vinyl Tech. No financial terms were disclosed. Home & Leisure is an extruder, fabricator and assembler of plastic lumber furniture focused on the mass market casual furniture industry. And, Vinyl Tech is Tangent's long-time fulfillment provider with two distribution facilities, serving furniture and playground builders primarily located in Ohio, Pennsylvania, and Indiana.

Thoma Bravo divests Elemica to Eurazeo

Thoma Bravo has sold Elemica to Eurazeo. No financial terms were disclosed. Wayne, Pennsylvania-based Elemica is a cloud-based digital supply network.

AAM to sell Grede to Gamut Capital for $245 mln

American Axle & Manufacturing Holdings Inc has agreed to sell its U.S. iron casting operations to Gamut Capital Management for $245 million. Grede develops, manufactures, assembles and supplies ductile, gray and specialty iron castings and machined components for the automotive, commercial vehicle and industrial markets.

CPPIB takes stake in LMS

Canada Pension Plan Investment Board has acquired a 45 percent stake in PT Lintas Marga Sedaya, the concession holder and operator of the Cikopo-Palimanan toll road. No financial terms were disclosed. The investment will be made in partnership with PT Baskhara Utama Sedaya, a subsidiary of PT Astra Tol Nusantara. CPPIB and BUS will jointly acquire the 55 percent stake currently held by PLUS Expressways International Berhad, a subsidiary of the UEM Group.