Private Equity
First Reserve has agreed to acquire TriMas Corporation's Lamons business for $135 million. The closing is expected to occur by the end of the first quarter of 2020. Lamons is a provider of industrial sealing and fastener solutions.
4 min read · 04 November 2019
Resolute Industrial Holdings LLC, a portfolio company of AE Industrial Partners, said Nov. 4 that it acquired American Equipment Group. Financial terms weren’t announced. American Equipment, of Worcester, Massachusetts, consists of: American Spot Cooling, which provides temporary cooling, heating, dehumidification, and power solutions, and sister company American Power Rental, which offers temporary HVAC products including generators, power distribution, and transformers.
3 min read · 04 November 2019
Spring Lane Capital has provided $18 million to Cambrian Innovation. Based in Watertown, Massachusetts, Cambrian Innovation is a commercial provider of distributed wastewater and resource recovery solutions.
3 min read · 01 November 2019
CVC Capital has closed its previously announced acquisition of Ontic, a provider of OEM-licensed parts for aerospace platforms. The deal was valued at over $1.3 billion.
2 min read · 01 November 2019
One Rock Capital Partners LLC has acquired Enerpac Tool Group's engineered components & systems segment. No financial terms were disclosed. EC&S will now be known as CentroMotion and continue to be led by newly named CEO Roger Roundhouse.
3 min read · 31 October 2019
BDC Capital has provided $1.2 million in financing to back Sylvain Tassé and Normand Doucet's acquisition of Quadra Plast, a PVC parts manufacturer in Sainte-Thérèse, Quebec. As a result of the transaction, Quadra Plast founder Hubert Racine will remain with the company for the next three years during the transition. Quadra Plast was founded in 1991.
3 min read · 31 October 2019
Green Pacific Capital Corp has agreed to take Canfor private for $16 per share. Greenhill served as financial adviser to the special committee comprised of Canfor's board of directors while DLA Piper (Canada) LLP served as legal counsel to Canfor with Osler, Hoskin & Harcourt LLP providing legal counsel to the special committee. Vancouver, British Columbia-based Canfor is an forest products company. Green Pacific Capital Corp is an investment arm of the Jim Pattison Group.
6 min read · 29 October 2019
Hidden Harbor Capital Partners has acquired KT-Grant, a provider of removal services. No financial terms were disclosed. KPMG Corporate Finance LLC served as financial adviser to KT-Grant on the deal.
2 min read · 28 October 2019
Toronto-based InstarAGF Asset Management Inc has acquired Oilfield Water Logistics, a provider of midstream water infrastructure and services primarily within the Permian Basin. No financial terms were disclosed. Canadian and international co-investors from NGP Energy Capital Management and NGP Energy Technology Partners are among the investors that participated in the deal. Scotiabank and King & Spalding LLP advised InstarAGF on the transaction while Morgan Stanley and Thompson & Knight LLP advised OWL.
3 min read · 28 October 2019
Swiss investment firm Pala closed its privatization of Cobalt 27 Capital Corp, a Toronto-based battery metals streaming company. According to terms of the arrangement, each Cobalt 27 common share held was exchanged for C$4.00 in cash and one common share with an implied value of C$1.92 of the newly created Conic Metals Corp. The Conic common shares will begin trading on the TSX Venture Exchange in early November under the ticker symbol "NKL."
2 min read · 28 October 2019
