Private Equity
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
Grammer Industries Inc, a portfolio company of Stellex Capital Management, has acquired Sterling Transport Co. Inc, a transporter of hazardous and specialty chemicals and materials. No financial terms were disclosed.
3 min read · 03 April 2019
Italmatch Chemicals, a portfolio company of Bain Capital Private Equity, has acquired Eco Inhibitors, a Norwegian developer of chemical solutions. No financial terms were disclosed.
2 min read · 02 April 2019
The Jordan Company has acquired ARCH Global Precision, a maker of precision cutting tools, precision machined industrial components and medical implants and instruments. The sellers were Strength Capital Partners and Main Post Partners. No financial terms were disclosed. Lincoln International was financial adviser to ARCH on the transaction while Jaffe, Raitt Heuer & Weiss provided legal advice to ARCH for this transaction.
2 min read · 02 April 2019
Pritzker Private Capital-backed C.H. Guenther & Sons acquired Mid South Baking Co., which supplies buns and English muffins to quick-serve restaurants in the southern U.S. Financial terms were not disclosed. Pritzker owns C.H. Guenther along with management and co-investors. With the acquisition, C.H. Guenther has more than 3,500 employees in 24 food manufacturing locations in the U.S., Canada and Western Europe.
3 min read · 02 April 2019
