Private Equity
1 min read · 01 August 2019
Canadian private investment firm Hillcore Group has acquired Treeline Well Services Inc, a Calgary-based provider of oil and gas well service rigs. Terms weren't released for the deal, which saw Hillcore partner with the company's senior management team, including President Dan Bryson. Founded in 1997, Treeline supplies service rigs to energy companies operating primarily in the northern regions of Alberta and British Columbia. It currently has a fleet of 23 rigs. Hillcore said it will work with Treeline as it looks to build its fleet through an aggressive capital expenditure and acquisition plan.
3 min read · 01 August 2019
U.S. private investment firms RedNest Partners and Admiral Capital Group have acquired Tecmotiv Corp, a Concord, Ontario- and Niagara Falls, New York-based supplier of services and components to the military automotive industry. No financials terms were disclosed. Established in 1992 after acquiring the assets of its predecessor, Levy Auto Parts, Tecmotiv provides maintenance, repair, overhaul and upgrade services and related components for military vehicles. Its customers include the U.S. army and other defence forces worldwide. Gary Sheedy, Tecmotiv's new president and CEO, said the partnership with RedNest and Admiral will support new growth opportunities.
4 min read · 01 August 2019
Progressio has acquired a minority stake in Polenghi Food S.p.A from the Polenghi family. No financial terms were disclosed. Polenghi Food is an Italian distributor of lemon and lime juice products for the condiments industry. No financial terms were disclosed.
3 min read · 01 August 2019
Fenix Parts, which is backed by Stellex Capital, has closed its previously announced acquisition of the assets of Georgia-based Cox Truck and Van Inc, an operator of a full-service auto recycling facility. No financial terms were disclosed.
2 min read · 01 August 2019
CoolSys, which is backed by Ares Management, has acquired Lakeville, Minnesota-based Agape Mechnical, which specializes in HVAC, refrigeration, electrical and plumbing services, as well as hot water hydro-scrubbing. No financial terms were disclosed.
2 min read · 01 August 2019
Related Fund Management, Brookhaven Rail Partners and Stephens Capital Partners LLC have acquired Pioneer Railcorp, a railroad holding company that owns short-line railroads and several other railroad-related businesses. BMO served as financial adviser to Pioneer on the transaction.
5 min read · 01 August 2019
Kellermeyer Bergensons Services LLC, a portfolio company of GI Partners, has acquired Pristine, a provider of facility management, contract cleaning and related services. No financial terms were disclosed. Pristine was backed by Great Elm Capital Corp.
3 min read · 01 August 2019
Evercore has named Ari Berger as a senior managing director in the firm's investment banking business. His appointment begins in October. Previously, Berger worked at Barclays where he was a managing director in its consumer retail group.
2 min read · 01 August 2019
Congruex, which is backed by Crestview Partners, has acquired Ontario, California-based HHS Construction, a provider of infrastructure services to major telecommunications and cable providers primarily in Southern California and adjacent geographies. No financial terms were disclosed.
3 min read · 01 August 2019
