Private Equity
U-C Coatings, a portfolio company of High Road Capital Partners, has acquired the assets of the stains and industrial coatings business of Eco Chemical Inc. Financial terms weren’t announced. Eco Chemicals, of Seattle, makes water-based stains and coatings used on pressure treated wood and in the manufacturing of wood products such as fencing, decks, and exteriors.
3 min read · 19 September 2019
Crossplane Capital said Sept. 19 that it acquired a controlling stake in the Accent Family of Cos. Financial terms weren’t announced. Accent, of Tomball, Texas, distributes baling wire, wire ties and wire tier machines into the waste and recycling industries.
3 min read · 19 September 2019
L Squared Capital Partners has recapitalized Florida-based GWS Tool Group, a provider of consumable cutting tools. No financial terms were disclosed.
3 min read · 18 September 2019
Nissan Motor Co has put Nissan Trading Co, which distributes vehicle parts and materials, up for sale in a transaction that could be valued at about $1 billion, Bloomberg is reporting. Nissan has invited private equity and trading firms to bid for all or 100 percent of Nissan Trading, the story said.
1 min read · 18 September 2019
Clayton, Dubilier & Rice LLC is in talks to partner with PPG Industries to make a bid for Axalta Coating Systems, Reuters is reporting. Other investors of the consortium could include GIC and BlackRock, the story said. Axalta, a U.S. coatings company, went up for sale in July.
1 min read · 18 September 2019
Valicor Environmental Services, which is backed by Pritzker Private Capital, has acquired Strength Environmental, an operator of a wastewater treatment facility in Inkster, Michigan. No financial terms were disclosed.
3 min read · 17 September 2019
Staple Street Capital and Thompson Capital Partners have acquired Phoenix-based Precise Metal Products, a maker of complex metal assemblies for many aerospace and defense companies. No financial terms were disclosed.
3 min read · 17 September 2019
Metalmark Capital is weighing the sale of Kissner Milling Co, Bloomberg is reporting. Metalmark is seeking about $2 billion for Kissner, a Canadian rock salt producer, the story said.
1 min read · 17 September 2019
Align Capital Partners said Sept. 17 that it completed the majority recapitalization of Southwest Elevator Company. Financial terms weren’t announced. Southwest, of Fort Worth, Texas, provides preventative maintenance, repair, and modernization services for elevators and escalators.
2 min read · 17 September 2019
Advent International, Cinven and the Abu Dhabi Investment Authority have joined forced to bid for ThyssenKrupp’s lifts business, the Financial Times is reporting. EQT has dropped out of the race while Kone, the Finnish maker of elevators, and Japan’s Hitachi are expected to bid, the story said. Thyssenkrupp is examining options for its lifts business which could sell for more than $20 billion, the FT said.
1 min read · 17 September 2019
