Manufacturing

Blackstone, Novacap, La Caisse said to be selling industrial companies; GenNx360 fetches 13.5x multiple for aviation MRO

Another edition of "on the block" coverage, this week focusing on industrial technologies; a power generation equipment supplier that Blackstone is in discussions to sell to a TPG fund group; GenNx360 agrees to sell an aviation MRO company to a strategic for more than $2 billion; highlights from Deloitte’s latest M&A survey.

VSE to acquire GenNx360-backed Precision Aviation Group for $2.02bn

Headquartered in Atlanta, PAG is a provider of aviation maintenance, repair, and overhaul services, distribution, and supply chain solutions.

JFLCO acquires RTI and Tradewater, forms new environmental services platform

Headquartered in Chicago, Tradewater specializes in the collection and control of refrigerant and methane gases and Indianapolis-based RTI is a refrigerant recovery and reclamation provider.

Heartwood Partners-backed Amlon Group acquires industrial waste management firm Mastermelt America

The Amlon Group is a Texas-based provider of environmental solutions.

Excellere Partners invests in water infrastructure firm Hinterland Group

The company supports wastewater, stormwater, and potable water systems for both municipal and private customers.

May River-backed PaperTech scoops up manufacturer Bake-Best

Based in Findlay, Ohio, PaperTech is a maker of pressed paperboard products for the food packaging and foodservice markets.

Bain acquires aviation services provider APP Jet Center

The seller was Ridgewood Infrastructure.