Industrials

OpenGate buys SMAC from Colas Group

OpenGate Capital said May 22 that it acquired the SMAC business of Colas Group. Financial terms weren’t announced. SMAC makes waterproofing and building envelope solutions.

Charme Capital to sell majority stake in ATOP to IMA

Charme Capital Partners has agreed to sell a majority stake in ATOP to IMA in a deal valued at about 380 million euros. Based in Italy, ATOP is a maker of machines and automatic lines for electric motor production.

Blue Sage sells Cobalt to Bison

Blue Sage Capital has sold Cobalt Environmental Solutions to Bison. No financial terms were disclosed. Cobalt is an operator of oilfield wastewater disposal and hydrocarbon extraction facilities in the region.

Five Point sells minority stake in WaterBridge to GIC

Five Point Energy has sold a minority stake in WaterBridge Resources LLC to GIC. The price of the transaction puts WaterBridge's enterprise valuation at about $2.8 billion. Barclays served as financial adviser to Five Point Energy and WaterBridge on the transaction. Houston-based WaterBridge is a developer, owner and operator of water infrastructure networks.

CODI to sell Clean Earth for about $625 mln

Compass Diversified Holdings, an owner of middle-market businesses has agreed to sell Clean Earth to Harsco Corporation for about $625 million in cash. The deal is expected to close within the next few months. Moelis & Company LLC and Houlihan Lokey provided financial advice to CODI on the deal with Squire Patton Boggs (US) LLP providing legal counsel. Clean Earth is a specialty waste company.

PE-backed Tapì acquires Les Bouchages Delage

Tapì, which is backed by Wise Equity SGR, has acquired Les Bouchages Delage, a French elite manufacturer. No financial terms were disclosed.

KPS sells Genesis Attachments to NPK Construction Equipment

KPS Capital Partners has sold Genesis Attachments to NPK Construction Equipment Inc. No financial terms were disclosed. Headquartered in Superior, Wisconsin, Genesis is a producer of hydraulic mobile shears, specialty demolition attachment tools, grapples, concrete processors and associated aftermarket parts.

KPS to buy Colfax's Howden for $1.8 bln

KPS Capital Partners said May 16 that it agreed to buy Howden from Colfax Corp for $1.8 billion. The deal includes $1.66 billion in cash and $0.14 billion in assumed liabilities and minority interest. Howden, of Glasgow, Scotland, provides mission critical air and gas handling products and services to the industrial, power, oil & gas, and mining industries.

All States Ag Parts to buy John F. Mahaney Co

All States Ag Parts LLC, a portfolio company of Kinderhook Industries LLC, said May 16 that it acquired John F. Mahaney Co. Financial terms weren’t announced. John F. Mahaney, of Sacramento, California, distributes professional-grade tools and supplies to the agricultural and industrial markets.

Golden Gate to exit ArrMaz in $570 mln sale

Golden Gate Capital said May 16 that it agreed to sell ArrMaz to Arkema Group for about $570 million. ArrMaz produces specialty chemicals for the mining, crop nutrients, asphalt paving, and other industries.