Private Equity
KKR said June 12 that it agreed to sell KCF Technologies to SKC, an affiliate of SK Group. The deal is valued at 1.19 trillion won ($1 billion). KCFT produces copper foils and flexible copper clad laminates mainly used in li-ion batteries for electric vehicle applications.
2 min read · 13 June 2019
Aterian Investment Partners has sold Johnstown Wire Technologies to Liberty JWT Holdings, a GFG affiliate. No financial terms were disclosed. KeyBanc Capital Markets, Kirkland & Ellis LLP and PricewaterhouseCoopers LLP advised Aterian on the transaction. Pennsylvania-based Johnstown Wire is a producer of carbon and alloy wire.
3 min read · 12 June 2019
American Construction Source, which is backed by Angeles Equity Partners and Clearlake Capital Group, has acquired Albert Lea, Minnesota-based Freeborn Lumber Company, a provider of lumber and building materials products, component manufacturing, and specialty services. No financial terms were disclosed.
3 min read · 12 June 2019
Distribution International, a portfolio company of Advent International, has acquired Silvercote from Knauf Insulation. No financial terms were disclosed. Headquartered in Greenville, South Carolina, Silvercote is a laminator and distributor of metal building insulation and related products and accessories to metal building manufacturers, specialty contractors and metal building brokers.
3 min read · 11 June 2019
Industrial Opportunity Partners has acquired Springfield, Missouri-based United Poly Systems LLC, a maker of high density polyethylene pipe. No financial terms were disclosed.
2 min read · 11 June 2019
Polytek has acquired Englewood, Florida-based Pro Marine, a provider of epoxy coating resins for professional and hobbyist applications. No financial terms were disclosed. Polytek is backed by Arsenal Capital Partners.
2 min read · 11 June 2019
L2 Capital Partners LP said June 11 that it sold LSC Environmental Products LLC to Ancor Capital Partners LLC. Financial terms weren’t announced. LSC, of Apalachin, New York, is a soil stabilization products platform.
2 min read · 11 June 2019
Northleaf Capital Partners said June 5 that it has acquired a 49 percent stake in Odfjell Holdings (US) Inc. Financial terms weren’t announced. Odfjell SE will own the remaining 51 percent. Odfjell is a portfolio of bulk liquid storage terminals in the United States.
2 min read · 06 June 2019
DexKo Global, a portfolio company of KPS Capital Partners, has closed its previously announced acquisition of Preston Chassis Industries Pty Ltd. No financial terms were disclosed. Based in Australia, PCI is a provider of chassis.
3 min read · 05 June 2019
Motor City Industrial, which is backed by Kian Capital Partners and Oakland Standard Co, has acquired Oxford, Michigan-based Quality Fastener and Supply Co, a provider of industrial consumables and ancillary products. No financial terms were disclosed.
2 min read · 05 June 2019
