Private Equity
Liberty Hall Capital Partners said June 17 that it agreed to sell AIM Aerospace to Sekisui Chemical Group for $510 million cash. AIM Aerospace, of Renton, Washington, designs and produces composite structures, systems, engine components and thermoplastic technology for the global aerospace industry.
4 min read · 17 June 2019
Parker Building Supplies, a portfolio company of Cairngorm Capital Partners, said June 17 that acquired Sussex Turnery and Moulding Co Ltd. Financial terms weren’t announced. Sussex Turney, of the U.K., is a builders’ merchant and wholesale timber processing and distribution business.
4 min read · 17 June 2019
Unifrax, backed by Clearlake Capital Group LP, said June 17 that it acquired Stellar Materials LLC. Financial terms weren’t announced. Stellar makes specialty chemistries and materials.
3 min read · 17 June 2019
Berkshire Partners and Warburg Pincus have agreed to recapitalize Cleveland-based Consolidated Precision Products Corp, a maker of complex cast products. No financial terms were disclosed. Morgan Stanley & Co. LLC and Lazard provided financial advice to CPP on the transaction.
4 min read · 14 June 2019
OpenGate Capital has sold Omniplast, a provider of piping systems, to a group of investors comprised of Reedcapital, Luigi M. Chiaraviglio and Swiss Merchant Corporation. No financial terms were disclosed.
4 min read · 14 June 2019
3 min read · 13 June 2019
Clessidra has agreed to acquire a majority stake in L&S Group, a maker of lighting solutions and embedded LED systems for residential, industrial and retail applications. No financial terms were disclosed.
3 min read · 13 June 2019
KKR said June 12 that it agreed to sell KCF Technologies to SKC, an affiliate of SK Group. The deal is valued at 1.19 trillion won ($1 billion). KCFT produces copper foils and flexible copper clad laminates mainly used in li-ion batteries for electric vehicle applications.
2 min read · 13 June 2019
Aterian Investment Partners has sold Johnstown Wire Technologies to Liberty JWT Holdings, a GFG affiliate. No financial terms were disclosed. KeyBanc Capital Markets, Kirkland & Ellis LLP and PricewaterhouseCoopers LLP advised Aterian on the transaction. Pennsylvania-based Johnstown Wire is a producer of carbon and alloy wire.
3 min read · 12 June 2019
American Construction Source, which is backed by Angeles Equity Partners and Clearlake Capital Group, has acquired Albert Lea, Minnesota-based Freeborn Lumber Company, a provider of lumber and building materials products, component manufacturing, and specialty services. No financial terms were disclosed.
3 min read · 12 June 2019
