Private Equity
Kinderhook Industries LLC said March 12 that it acquired RR Manufacturing LLC and Rocky Ridge Transportation LLC. Financial terms weren’t announced. RR Manufacturing and Rocky Ridge are OEM authorized specialty vehicle manufacturer for light-duty pickup trucks.
2 min read · 12 March 2019
Partners Group said March 12 that it provided equity financing for Greenlink Interconnector. Element Power and Hudson Sustainable Investments are current shareholders. Financial terms weren’t announced. Greenlink is a project to construct a 500MW subsea interconnector between Ireland and Great Britain.
2 min read · 12 March 2019
Tribus Aerospace, which is backed by Shorehill Capital, has acquired Ohio-based Midwest Precision, a precision manufacturer of complex components for the aerospace, defense, energy and engineered products markets. No financial terms were disclosed.
3 min read · 11 March 2019
Vessco Inc, a portfolio company of O2 Investment Partners, said March 11 that it invested in Dorner Products. Financial terms weren’t announced. Dorner, of Sussex, Wisconsin, supplies flow control equipment and related services.
3 min read · 11 March 2019
Blackstone said March 10 that it invested in Carrix. Financial terms weren’t announced. Carrix is a marine terminal operator, with activities at more than 250 terminal facilities and rail operations throughout geographies in the U.S., Canada, Mexico, Central America, South America, Asia, New Zealand and South Africa.
3 min read · 11 March 2019
Greenbriar Equity Group LP and First Aviation Services Inc said March 11 that they acquired Dart Aerospace. Eagle Copters Ltd and Era Group Inc are the sellers. Dart Aerospace provides mission equipment and aftermarket components for the helicopter and fixed-wing industries. Houlihan Lokey served as financial adviser to Era and Eagle Copters.
3 min read · 11 March 2019
KPS Capital Partners LP has sold International Equipment Solutions' Paladin and Pengo business units to Stanley Black & Decker. No financial terms were disclosed. KPS will retain ownership of ISE' Genesis and Crenlo Global business units. Headquartered in Oak Brook, Illinois, IES is a manufacturer of engineered equipment for off-highway applications.
3 min read · 08 March 2019
Anchor Partners has acquired La Vergne, Tennessee-based Quality Industries, a provider of metal fabricated products and services. No financial terms were disclosed. Angle Advisors provided banking advice to Quality Industries on the deal.
2 min read · 08 March 2019
One Equity Partners said March 8 that it closed the sale of Resolute Industrial Holdings LLC. Financial terms weren’t announced. Resolute Industrial, of Indianapolis, provides York-brand chilling products, compressor remanufacturing, refrigerant storage, and other heating, ventilation, air conditioning and refrigeration equipment services. The Resolute sale produced an IRR of 28 percent for One Equity, which made 2.1x its money on the transaction, a source said. One Equity declined comment. UPDATE: The buyer was AE Industrial Partners LP.
3 min read · 08 March 2019
Sciens Building Solutions, which is backed by Huron Capital, has acquired Miami-based Empire, which provides design, engineering, installation, compliance testing, maintenance and monitoring for fire detection, suppression and electrical systems. No financial terms were disclosed.
3 min read · 07 March 2019
