Private Equity
China Synergy Fund, which is co-managed by CICC Capital and TPG, and Trail Capital, a Paris-based private equity firm, have agreed to acquire Electropoli, a provider of surface treatment services in Europe. No financial terms were disclosed.
4 min read · 27 March 2019
The Stephens Group LLC said March 26 that it acquired Sound Seal Holdings Inc. Financial terms weren’t announced. Sound Seal, of Agawam, Massachusetts, makes acoustical noise control solutions.
2 min read · 27 March 2019
Olympus Partners has acquired Tank Holding Corp for a second time. Financial terms weren’t announced. Leonard Green Partners is the seller. Tank makes and markets rotationally molded polyethylene tanks and containers under the brand names of Norwesco, Snyder, Bonar, Stratis and Bushman.
2 min read · 26 March 2019
SK Capital-backed Perimeter Solutions completed the purchase of a group of companies in Post Falls, Idaho, including First Response Fire Rescue, River City Fabrication and H&S Transport. Perimeter Solutions plans to integrate the three businesses within its manufacturing and services systems to expand its offering in the fire suppression sector. Perimeter will retain management and staff of the three companies, the facilities of which will become an operational site under Perimeter Solution's Fire Safety Group.
3 min read · 21 March 2019
May River Capital-backed Hunt Valve Co., which makes specialty valves for the U.S. Navy and industrial customers, acquired Montreal Bronze Ltd. (known as MB Valve). May River completed a recapitalization of Hunt Valve Co. in December 2018 through its first fund.
3 min read · 21 March 2019
CoolSys said March 21 that it was sold to the Private Equity Group of Ares Management Corp. Financial terms weren’t announced. Management is investing. CoolSys is a refrigeration and HVAC services company.
3 min read · 21 March 2019
Pleatco, a portfolio company of Align Capital Partners, said March 18 that it acquired APEL International and Milton Manufacturing. Financial terms weren’t announced. APEL, of Louisville, Kentucky, designs and makes pleated filter cartridges, pleated bags, and other filtration products for mission-critical industrial air applications. Milton, of Milton, Ontario, provides spun bond, paper, felt, and pleated bag filters for OEM customers.
3 min read · 20 March 2019
GenNx360 Capital Partners acquired a majority interest in Miller Environmental Group, which services the utility, transportation and petrochemical industries. CEO Mark Miller will be exiting from day-to-day operations, but will continue as a member of MEG's board of directors. Jerry Coogan has been appointed president and CEO and George Wallace is executive vice president.
2 min read · 20 March 2019
CI Capital Partners said March 19 that it closed the sale of Tech Air to Airgas, an Air Liquide company. Financial terms were not announced. Tech Air distributes industrial, specialty, and medical gases.
2 min read · 19 March 2019
Standard Industrial Manufacturing Partners LLC, a portfolio company of Hicks Equity Partners, has merged with DH Pump and Supply LLC. Financial terms weren’t announced. Standard Industrial, of Odessa, Texas, makes and distributes replacement parts for a wide range of pumps used in production and completion applications within the oil and gas industry. Hicks Equity is the PE arm of the Thomas O. Hicks family office.
4 min read · 19 March 2019
