Private Equity
Blackstone said March 10 that it invested in Carrix. Financial terms weren’t announced. Carrix is a marine terminal operator, with activities at more than 250 terminal facilities and rail operations throughout geographies in the U.S., Canada, Mexico, Central America, South America, Asia, New Zealand and South Africa.
3 min read · 11 March 2019
Greenbriar Equity Group LP and First Aviation Services Inc said March 11 that they acquired Dart Aerospace. Eagle Copters Ltd and Era Group Inc are the sellers. Dart Aerospace provides mission equipment and aftermarket components for the helicopter and fixed-wing industries. Houlihan Lokey served as financial adviser to Era and Eagle Copters.
3 min read · 11 March 2019
KPS Capital Partners LP has sold International Equipment Solutions' Paladin and Pengo business units to Stanley Black & Decker. No financial terms were disclosed. KPS will retain ownership of ISE' Genesis and Crenlo Global business units. Headquartered in Oak Brook, Illinois, IES is a manufacturer of engineered equipment for off-highway applications.
3 min read · 08 March 2019
Anchor Partners has acquired La Vergne, Tennessee-based Quality Industries, a provider of metal fabricated products and services. No financial terms were disclosed. Angle Advisors provided banking advice to Quality Industries on the deal.
2 min read · 08 March 2019
One Equity Partners said March 8 that it closed the sale of Resolute Industrial Holdings LLC. Financial terms weren’t announced. Resolute Industrial, of Indianapolis, provides York-brand chilling products, compressor remanufacturing, refrigerant storage, and other heating, ventilation, air conditioning and refrigeration equipment services. The Resolute sale produced an IRR of 28 percent for One Equity, which made 2.1x its money on the transaction, a source said. One Equity declined comment. UPDATE: The buyer was AE Industrial Partners LP.
3 min read · 08 March 2019
Sciens Building Solutions, which is backed by Huron Capital, has acquired Miami-based Empire, which provides design, engineering, installation, compliance testing, maintenance and monitoring for fire detection, suppression and electrical systems. No financial terms were disclosed.
3 min read · 07 March 2019
DS Smith said March 6 that it agreed to sell its plastics division to Olympus Partners for an enterprise value of $585 million. The plastics division comprises the plastics operations of DS Smith, including flexible plastics, rigid plastics and foam products. DS Smith expects net proceeds after taxation, transaction adjustments and expenses of approximately 400 million pounds.
3 min read · 07 March 2019
Trinity Private Equity Group has made an investment in Falcon Structures, a maker of container-based structures. No financial terms were disclosed.
2 min read · 06 March 2019
Protective Industrial Products Inc, a portfolio company of Audax Private Equity, has acquired Cincinnati, Ohio-based West Chester Protective Gear, a provider of personal protective equipment. No financial terms were disclosed. Lincoln was financial adviser to West Chester on the deal.
2 min read · 06 March 2019
ICP Group, a portfolio company of Audax Private Equity, has acquired select TPR2's product lines, according to a company announcement. No financial terms were disclosed. Based in Essex, Connecticut, TPR2 is a fire protection equipment supplier.
1 min read · 05 March 2019
