Private Equity
Servelec Technologies, a subsidiary of Laurel Solutions, said Aug. 27 that it closed its buy of Primayer. Financial terms weren’t announced. Primayer develops and makes technologies for the effective monitoring of water networks and for reducing the loss of potable water. Laurel Solutions is backed by FFL Partners.
3 min read · 27 August 2019
First State Investments said Aug. 26 that it agreed to buy 100 percent of the equity of Patriot Rail and Ports. SteelRiver Infrastructure Partners was the seller. Patriot Rail, of Jacksonville, Florida, operates a portfolio of 12 short line freight railroads with more than 585 track miles across 14 states in the United States. The deal valued Patriot Rail at more than $750 million, Bloomberg reported.
3 min read · 27 August 2019
Sunbelt Supply, a portfolio company of Clearlake Capital Group LP, said Aug. 27 that it acquired Severe Service Specialists. Financial terms weren’t announced. Severe Service, of Trussville, Alabama, provides services and valves that are engineered to withstand severe applications.
3 min read · 27 August 2019
Alloy Die Casting Co, a provider of manufacturing and supply-chain solutions for highly-engineered metal components, has raised an undisclosed amount of funding. The investor was PWP Growth Equity.
2 min read · 26 August 2019
Meridian Adhesives Group, which is backed by Arsenal Capital Partners, has acquired Cranston, Rhode Island-based Epoxies Etc, a maker of specialty epoxies, urethanes, silicones and UV curable systems. No financial terms were disclosed. Grace Matthews Inc advised Epoxies Etc on the transaction.
2 min read · 22 August 2019
PLZ Aeroscience Corporation, which is backed by Pritzker Private Capital, has acquired Fall River, Massachusetts-based Precise Packaging, a maker of aerosol and liquid products. The seller was Trive Capital. No financial terms were disclosed.
3 min read · 22 August 2019
Cache Creek Industries and Rockmont Capital Partners have acquired California-based Brandywine Communications Inc, a maker of mission critical time and frequency devices that serve the military and infrastructure markets. No financial terms were disclosed.
3 min read · 22 August 2019
Sigma Electric Manufacturing Corporation, a portfolio company of Argand Partners, has acquired Cleveland, Ohio-based Avalon Precision Casting, a maker of complex thin wall investment castings products for the aerospace, defense, HVAC, power, agriculture and oil and gas markets. No financial terms were disclosed.
3 min read · 21 August 2019
AE Industrial Partners has acquired Columbia Helicopters. No financial terms were disclosed. PricewaterhouseCoopers LLP served as financial adviser to AEI while Greenhill & Co LLC did likewise for Columbia. Based in Aurora, Oregon, Columbia provides heavy-lift rotorcraft services with manufacturing and MRO capabilities.
2 min read · 21 August 2019
Los Angeles-based private equity firm PMC Capital has acquired StyroChem from WinCup. No financial terms were disclosed. Based in Montreal, StyroChem is a maker of expandable polystyrene grades used in food service, packaging, construction, casting and specialty applications. Stone Mountain, Georgia-based WinCup is a manufacturer of disposable polystyrene cups, bowls, containers, straws and lids.
2 min read · 21 August 2019
