Private Equity
MPE Partners has made an investment in Englewood, Colorado-based Garmat USA, a provider of highly engineered paint booths, finishing solutions and related accessories for the automotive collision repair and industrial end markets. No financial terms were disclosed.
2 min read · 27 June 2019
One Equity Partners said June 27 that it completed its buy of Walterscheid Powertrain Group. The deal was announced in March.
2 min read · 27 June 2019
CVC Capital Partners is near a deal to buy 25 percent in Dubai’s GEMS Education, which is backed by Blackstone Group, Bloomberg reported. CVC may pay $1 billion for the stake, the story said.
1 min read · 27 June 2019
Axalta Coating Systems Ltd has formed a board committee to explore a sale, Reuters reported. Axalta, a U.S. coatings company, has a roughly $7 billion market cap, the story said. Warren Buffett’s Berkshire Hathaway Inc is a large Axalta shareholder, Reuters said.
1 min read · 27 June 2019
Goldner Hawn has sold Stellar Materials to Unifrax, a portfolio company of Clearlake Capital Group, L.P. No financial terms were disclosed. Based in Boca Raton, Florida, Stellar is a provider of specialty chemicals and materials.
2 min read · 26 June 2019
Kaman Corp said June 26 that it agreed to sell its distribution segment to Littlejohn & Co LLC for $700 million. The $700 million deal is subject to customary closing conditions and working capital adjustments. Kaman’s distribution unit distributes more than six million items including electro-mechanical bearings, power transmission, motion control and electrical and fluid power components, as well as automation and MRO supplies, to customers in virtually every industry.
7 min read · 26 June 2019
Alleghany Capital Corp said June 24 that it formed Precision Cutting Technologies Inc, which has acquired a majority of CID Performance Tooling Inc. Financial terms weren’t announced. CID, of Saco, Maine, makes precision cutting tools.
4 min read · 26 June 2019
Adell Group Inc, a portfolio company of Kinderhook Industries LLC, said June 26 that it acquired Powerflow Inc, Powerflow Products Ltd, and Gestion Solutions Plastik Inc. Financial terms weren’t announced. Powerflow, of Buffalo, New York, provides injection-molded plastic accessories sold to automotive vehicle manufacturers and dealers.
3 min read · 26 June 2019
Bromford Industries, which is backed by Liberty Hall Capital Partners, has acquired Accrofab, a provider of complex fabricated and machined engine bracketry for the global aerospace industry. No financial terms were disclosed.
3 min read · 25 June 2019
LongueVue Capital has made an investment in New York City-based Soho Studio Corp, a provider of mosaic, tile and specialty interior products. No financial terms were disclosed for the transaction that was done in partnership with Soho Studio Corp CEO and founder Eli Mechlovitz.
4 min read · 25 June 2019
