Private Equity
Alleghany Capital has acquired a majority stake in Saco, Maine-based CID Performance Tooling, a maker of high-performance solid carbide end mills. No financial terms were disclosed. Also, Alleghany Capital has formed Precision Cutting Technologies, a new holding company for its subsidiaries in the machine tool and consumable cutting tool sectors.
4 min read · 24 June 2019
5 min read · 24 June 2019
ClockSpring|NRI, which is backed by Wind Point Partners, has acquired Milliken Infrastructure Solutions. No financial terms were disclosed. Kirkland & Ellis and KPMG advised Clock Spring|NRI on the deal while Jones Day supported Milliken & Company.
4 min read · 21 June 2019
Tank Holding, which is backed by Olympus Partners, has acquired Austin, Texas-based Poly-Mart and WRP Containers, manufacturers of both water tanks and refuse containers. No financial terms were disclosed.
2 min read · 20 June 2019
Construction Resources, a portfolio company of Monomoy Capital Partners, has acquired United Materials Inc, a Florida-based importer and distributor of surfacing materials. No financial terms were disclosed.
3 min read · 20 June 2019
Wynnchurch Capital has acquired Fairland, Indiana-based MPL, a provider of cultured marble products for the hospitality and multifamily housing markets. No financial terms were disclosed.
3 min read · 19 June 2019
Brightstar has acquired St. Louis, Missouri-based Gateway Bobcat, a provider of industrial equipment. No financial terms were disclosed.
3 min read · 19 June 2019
KPS Capital Partners said June 19 that it has agreed to sell Chassis Brakes International Group to Hitachi Automotive Systems Ltd, a subsidiary of Hitachi Ltd. Financial terms weren’t announced. Chassis Brakes, of Eindhoven, The Netherlands, makes automotive foundation brakes and foundation brake components. UPDATE: The transaction is valued at $690 million euros ($773 million), a source familiar said. The sale will produce a 6x return for KPS, the person said.
5 min read · 19 June 2019
Xirgo Technologies LlLC, a portfolio company of HKW, has acquired UAB Baltic Car Equipment. Financial terms weren’t announced. UAB provides fleet management solutions, including hardware and software suites for light vehicles, trucks, heavy machinery, and agricultural equipment.
3 min read · 19 June 2019
Incline Equity Partners has sold Rotating Machinery Services, a provider of specialty aftermarket repair, maintenance and overhaul services for large, highly engineered rotating machinery. No financial terms were disclosed. UPDATE: Cortec Group was the buyer.
2 min read · 18 June 2019
