Private Equity
CoolSys said March 21 that it was sold to the Private Equity Group of Ares Management Corp. Financial terms weren’t announced. Management is investing. CoolSys is a refrigeration and HVAC services company.
3 min read · 21 March 2019
Pleatco, a portfolio company of Align Capital Partners, said March 18 that it acquired APEL International and Milton Manufacturing. Financial terms weren’t announced. APEL, of Louisville, Kentucky, designs and makes pleated filter cartridges, pleated bags, and other filtration products for mission-critical industrial air applications. Milton, of Milton, Ontario, provides spun bond, paper, felt, and pleated bag filters for OEM customers.
3 min read · 20 March 2019
GenNx360 Capital Partners acquired a majority interest in Miller Environmental Group, which services the utility, transportation and petrochemical industries. CEO Mark Miller will be exiting from day-to-day operations, but will continue as a member of MEG's board of directors. Jerry Coogan has been appointed president and CEO and George Wallace is executive vice president.
2 min read · 20 March 2019
CI Capital Partners said March 19 that it closed the sale of Tech Air to Airgas, an Air Liquide company. Financial terms were not announced. Tech Air distributes industrial, specialty, and medical gases.
2 min read · 19 March 2019
Standard Industrial Manufacturing Partners LLC, a portfolio company of Hicks Equity Partners, has merged with DH Pump and Supply LLC. Financial terms weren’t announced. Standard Industrial, of Odessa, Texas, makes and distributes replacement parts for a wide range of pumps used in production and completion applications within the oil and gas industry. Hicks Equity is the PE arm of the Thomas O. Hicks family office.
4 min read · 19 March 2019
Blackstone Group has won the auction for Servpro Industries, a cleaning and emergency restoration company, the Wall Street Journal reported. Doris Isaacson and her late husband, Ted Isaacson, founded Servpro as a painting business in 1967; it’s currently run by their eldest child, Susan Steen, the story said. Servpro is expected to fetch $1 billion, including debt, the WSJ said.
1 min read · 19 March 2019
Newell Brands said March 18 that it agreed to sell its process solutions business to One Rock Capital Partners LLC. Newell said after tax proceeds from the sale were anticipated to be $500 million. Process Solutions makes plastic, nylons, monofilament, and zinc products that aim to solve both industrial and consumer challenges.
2 min read · 18 March 2019
The Sterling Group has acquired Mentor, Ohio-based Polychem, a provider of securement packaging. No financial terms were disclosed.
2 min read · 15 March 2019
2 min read · 15 March 2019
Littlejohn Capital has acquired Winfield, Kansas-based Western Industries Plastic Products LLC, a manufacturer of large blow-molded products. No financial terms were disclosed. Western was a portfolio company of Speyside Equity LLC.
2 min read · 15 March 2019
