Private Equity
ITE Management LP has agreed to sell American Railcar Industries' manufacturing business assets to Greenbrier for $430 million. Deutsche Bank Securities Inc was financial adviser to ARI on the transaction while Willkie Farr & Gallagher acted as legal counsel.
2 min read · 18 April 2019
Behrman Capital has acquired Rosemont, Illinois-based Waterline Renewal Technologies, a division of Triwater Holdings. No financial terms were disclosed. Waterline is a provider of trenchless rehabilitation of degraded infrastructure through differentiated products, technologies and services to prevent inflow and infiltration of sewer systems and potable water pipelines.
3 min read · 10 April 2019
Stanadyne LLC, a portfolio company of Kohlberg & Company, has acquired Columbia, South Carolina-based Pure Power, a maker of OEM and aftermarket diesel fuel injectors, turbochargers and EGR valves for commercial and off-road vehicles. No financial terms were disclosed. Pure Power is backed by Kensington Capital Partners LLC and The Smithfield Group Limited.
2 min read · 09 April 2019
Genstar Capital said April 9 that it acquired Ohio Transmission Corp. Financial terms weren’t announced. Ohio Transmission, of Columbus, distributes highly engineered products including motion control, pumps, finishing products, robotics, motors and air compressors.
2 min read · 09 April 2019
Capitol Investment Corp IV said April 8 that it agreed to buy Nesco. Energy Capital Partners is the seller. Financial terms weren’t announced. Nesco provides specialty equipment, parts, tools, accessories and services to the electric utility transmission and distribution, telecommunications and rail markets in North America. Capitol Investment Corp IV is the fourth SPAC from Mark Ein. The deal is reportedly valued at $1.1 billion.
10 min read · 08 April 2019
Nautic Partners LLC said April 8 that it closed its buy of LindFast Solutions Group. Financial terms weren’t announced. LindFast, of Blaine, Minnesota, distributes specialty fasteners for the North American market through its metric (Lindstrom) and imperial (Stelfast) product brands.
3 min read · 08 April 2019
Akoya Capital Partners LLC and Landon Capital Partners LLC have acquired Higginsville, Missouri-based TTG Inc, a maker of waterproof membranes. No financial terms were disclosed. Wintrust Bank provided senior debt for the transaction.
3 min read · 05 April 2019
Wellspring Capital Management LLC has closed its previously announced acquisition of Broken Arrow, Oklahoma-based Paragon Films, a maker of high performance stretch film for transit packaging distributors. No financial terms were disclosed. McDermott Will & Emery LLP served as legal counsel to Wellspring on the deal, And, Rothschild served as financial adviser to Paragon with Kirkland & Ellis LLP providing legal counsel.
3 min read · 04 April 2019
Intervale Capital said April 4 that it sold Epic Lift Systems to Tally Energy Services. Financial terms weren’t announced. Epic, of Fort Worth, Texas, provides plunger lift, gas lift and complementary compression solutions, serving hundreds of customers from 16 locations across the U.S.
2 min read · 04 April 2019
Vantage Specialty Chemical Holdings Inc, a portfolio company of H.I.G. Capital, has agreed to acquire Spain-based Textron, a provider of natural oils for the personal care, food and chemical industries. No financial terms were disclosed. The deal is expected to close by June 2019.
4 min read · 03 April 2019
