Private Equity
Blackstone Group has won the auction for Servpro Industries, a cleaning and emergency restoration company, the Wall Street Journal reported. Doris Isaacson and her late husband, Ted Isaacson, founded Servpro as a painting business in 1967; it’s currently run by their eldest child, Susan Steen, the story said. Servpro is expected to fetch $1 billion, including debt, the WSJ said.
1 min read · 19 March 2019
Newell Brands said March 18 that it agreed to sell its process solutions business to One Rock Capital Partners LLC. Newell said after tax proceeds from the sale were anticipated to be $500 million. Process Solutions makes plastic, nylons, monofilament, and zinc products that aim to solve both industrial and consumer challenges.
2 min read · 18 March 2019
The Sterling Group has acquired Mentor, Ohio-based Polychem, a provider of securement packaging. No financial terms were disclosed.
2 min read · 15 March 2019
2 min read · 15 March 2019
Littlejohn Capital has acquired Winfield, Kansas-based Western Industries Plastic Products LLC, a manufacturer of large blow-molded products. No financial terms were disclosed. Western was a portfolio company of Speyside Equity LLC.
2 min read · 15 March 2019
Innovative Chemical Products Group LLC, a portfolio company of Audax Private Equity, has acquired ASTEC, according to a news announcement. No financial terms were disclosed. Based in Binghamton, New York, ASTEC is a provider of fluid-applied acrylic membrane systems for the restoration of roofs, walls, tanks, piping, ductwork and other industrial surfaces.
1 min read · 14 March 2019
Blue Sage Capital has made an investment in West Des Moines, Iowa-based All-State Industries, a provider of custom, highly-engineered nonmetallic components. No financial terms were disclosed. Lincoln International was the investment banking representative for All-State on the deal.
1 min read · 14 March 2019
C-P Flexible Packaging, a portfolio company of First Atlantic Capital, has acquired Buffalo, New York-based Flexo Transparent, a custom plastic manufacturing and printing solutions provider. The sellers from ORIX Mezzanine & Private Equity and Sidereal Capital Group. No financial terms were disclosed.
3 min read · 14 March 2019
Innovative Chemical Products, a portfolio company of Audax Private Equity, has acquired Benefect, a provider of disinfectant and cleaning supplies for the environmental remediation industry. No financial terms were disclosed.
2 min read · 13 March 2019
Munch’s Supply, a portfolio company of Rotunda Capital Partners, has acquired Comfort Air Distributing and its three Colorado branches. CapitalValue Advisors served as financial adviser to Comfort Air Distributing on the transaction. Comfort Air Distributing is a provider of Rheem heating and air conditioning equipment.
3 min read · 12 March 2019
