RECENT
TRANSACTIONS
MedOne Healthcare
Alta Equity Partners completed the recapitalization of MedOne Healthcare, based in Phoenix, AZ. MedOne is a provider of durable medical equipment for the state of Arizona with a leading market position as a preferred provider in its therapeutic service areas across a large network of payor and referral relationships, including contracts and accreditations with Medicare and Medicaid.
CLM Midwest
Alpine Investors, through its portfolio company, Orion Group, completed the acquisition of CLM Midwest based in River Grove, IL. CLM Midwest is a leading, self-performing facilities maintenance provider with a deep network of multi-trade technicians across the Midwest.
Bayou Forming, Inc.
Stonebridge Partners, through its portfolio company, Godwin Formwork Solutions, LLC, has completed the acquisition of Bayou Forming, Inc. based in Pasadena, TX. Bayou Forming is an independent provider of concrete forming and shoring equipment to concrete contractors serving diversified end markets in southeast Texas and Louisiana.
Flight Services & Systems, Inc.
Tenex Capital Management, through its portfolio company, G2 Secure Staffing, has completed the acquisition of Flight Services & Systems, Inc., based in Cleveland, OH. Flight Services & Systems is an aviation service company providing ground handling and passenger services to multiple airports and airlines throughout the US. FSS currently operates in 16 airports in 13 states, serving over 80 airlines and airports.
Lone Star Machine Works
Frontenac Company, through its portfolio company, Motion & Control Enterprises, completed the acquisition of Lone Star Machine Works, based in Mabank, TX. Lone Star Machine Works is a full-service provider of complex hydraulic repair, precision machining, welding and fabrication services.
MN Ear & Sinus Center
Excellere Partners, through its portfolio company ADVENT, has completed the acquisition of MN Ear & Sinus Center, based in Blaine, MN. MN Ear & Sinus is a provider of otolaryngology (ENT) services, seeking to improve patient outcomes by identifying, diagnosing, and treating the root causes of breathing and sleeping issues.
Welch & Rushe
Blue Wolf Capital Partners completed the acquisition of Welch and Rushe, based in Upper Marlboro, MD. Welch and Rushe is a full-service mechanical company with a comprehensive range of offerings, including 24/7 emergency HVAC and plumbing services, preventive maintenance contracts, and construction services.
CMC Traffic Control Specialists
The Lovell Fund completed the acquisition of CMC Traffic Control Specialists. Based in San Francisco, CA, CMC is one of the leading providers of traffic control and road safety services for public works infrastructure projects in California. CMC provides critical safety and compliance support services to enable local government-facing construction contractors to complete key surface transportation projects. Services include traffic control and flagging, equipment rentals, traffic control plans and permit design, and equipment sales.
Center for Sleep & Nasal Sinus Disorders
Excellere Partners, through its portfolio company, ADVENT, completed the acquisition of the Center for Sleep & Nasal Sinus Disorders. The Center for Sleep and Nasal Sinus Disorders specializes in the diagnosis and treatment of nasal airway and sinus problems.
All-Serv Industrial
HCI Equity Partners, through its portfolio company, JGB Enterprises, has completed the acquisition of All-Serv Industrial. Based in Sulphur, LA, All-Serv is a supplier of hose and hose-related accessories for environmental remediation, industrial cleaning and other needs of the refinery and petrochemical market throughout the Gulf Coast.
Aall American Fasteners
Bertram Capital, through its portfolio company, AFC Industries, has completed the acquisition of Aall American Fasteners. Based in Cinnaminson, NJ, Aall American is a vendor-managed inventory (VMI) services provider, offering a complete line of fasteners, electronic hardware, electrical components, tools, abrasives, safety and industrial products.
Patriot Mechanical
Audax Private Equity, through its portfolio company, CMS Nextech, has completed the acquisition of Patriot Mechanical Corporation. Based in Ashland, VA, Patriot Mechanical installs, retrofits, and services commercial and industrial mechanical/HVAC and refrigeration systems throughout the Virginia market.
FlexFit Hose
JZ Partners and The Edgewater Funds portfolio company Flow Control Holdings’ Ace Sanitary Division has completed the acquisition of FlexFit Hose. FlexFit Hose is a manufacturer of flexible hose products for sanitary and high-purity applications. Manufacturing and fulfillment of FlexFit products will be integrated into Ace Sanitary’s recently expanded facility in Cincinnati.
Paramount Mechanical Corporation
Caltius Structured Capital has completed a junior capital investment in Paramount Mechanical Corporation. Based in Manassas, VA, Paramount designs, installs, and services complex Mechanical/HVAC, Electric and Plumbing systems throughout the Mid-Atlantic and Southeast U.S. markets. Caltius provided a combination of equity and subordinated debt to support a recapitalization of the business by Stonebridge Partners and senior management.
Archetype Innovations
Revelstoke Capital Partners through their portfolio company, Carrus, has completed the acquisition of Archetype Innovations. Based in Duluth, MN, Archetype provides digital platform-based learning to the medical educational field through patient cases and content, all within a multidisciplinary and interprofessional educational EHR.
Iten Defense
Edgewater Capital Partners has completed the recapitalization of Iten Defense. Based in Ashtabula, OH, Iten is a provider of advanced composites and armor solutions used in personal protective equipment, fixed and rotary-wing aircraft, tactical vehicles, and maritime vessels.
Wisconsin Fastener Supply
Shoreview Industries, through their portfolio company, Monroe Engineering Group, has completed the acquisition of Wisconsin Fastener Supply. Based in Manitowoc, Wisconsin Fastener is a distributor of fasteners, hardware, coatings, tools, chemicals that are used in industrial and automotive applications.
Pittman Tree and Landscaping
Warren Equity Partners has completed the acquisition of Pittman Tree and Landscaping, based in Front Royal, Virginia. Pittman is a leading provider of vegetation management services to utilities and government customers in the Mid-Atlantic United States.
MPF Products, Inc.
Fulham & Co., has completed the recapitalization of MPF Products, Inc. Headquartered in Gray Court, South Carolina, MPF designs and manufactures electrical feedthroughs and optical viewports for use in ultra-high vacuum systems used in a wide variety of industries. Major end markets include semiconductor, aerospace, and R&D applications.
Ace Sanitary
JZ Partners and The Edgewater Funds, through their portfolio company, Flow Control Holdings, has completed the acquisition of Ace Sanitary. Based in Cincinnati, OH, Ace is a provider of flexible hose products for the food, beverage, and pharmaceutical industries. Through innovation and technology, Ace has secured patents, including their proprietary Seal-Rite™ and Flex-Rite™ product lines.
FloHawks Plumbing + Septic
Audax Private Equity, through its portfolio company, Liquid Environmental Solutions, has completed the acquisition of FloHawks Plumbing + Septic. Based in Puyallup, WA, FloHawks is a leading provider of septic services, including pumping, inspections, repair and maintenance, as well as plumbing and drain cleaning services for both residential and commercial customers in the Pacific Northwest.
Cascada Lab Water
ShoreView Industries, through its portfolio company, Avidity Science, has completed the acquisition of the Cascada Lab Water Purification product line from Pall® China. The investment expands Avidity's portfolio of water purification solutions for science and provides regional capabilities to enhance its support of both its life sciences and biomedical research customers throughout Asia.
TekMat
Sentinel Capital Partners, through its portfolio company, GSM Outdoors, has completed the acquisition of TekMat. Based in Grand Prairie, TX, TekMat is known for it’s gun cleaning and gunsmithing mats with their soft, oil- and water-resistant surfaces and protective, no-slip rubber substrate. Designed to protect and keep small firearm components organized and to protect workbenches from scratches and damaging chemicals.
CinchSeal Associates, Inc.
Fulham and Company has completed the recapitalization of CinchSeal Associates, Inc. Headquartered in Mt Laurel, NJ, CinchSeal is a designer and manufacturer of custom rotary shaft seals used in food processing, battery production, chemical mixing, pharmaceutical production, powder blending and bulk material handling.
ElectriCom, LLC
KLH Capital has completed the recapitalization of ElectriCom, LLC. Based in Paoli, Indiana, ElectriCom is a leading provider of aerial, underground, wireless, and right-of-way installation and maintenance services to the telecommunications and utility industries across the United States.
Medical Staffing Company
A New England based private equity investor completed the acquisition of a Midwest based Medical Staffing company. This business provides a wide variety of healthcare staffing solutions throughout the United States. The parties have requested not to disclose identities at this time.
Foam Products Company
A North American based manufacturer of sports and recreational foam products completed the acquisition of a Midwest based branded outdoor recreational products company. This business provides a wide variety of products enjoyed by outdoor enthusiasts throughout the United States. The parties have requested not to disclose identities at this time.
Steel & O'Brien Manufacturing
JZ Partners completed an investment in Steel & O’Brien Manufacturing. The Arcade, NY based company is a leading manufacturer of sanitary stainless steel fittings for the food processing, pharmaceutical and other industries. Steel & O’Brien specializes in quick turn around of both standard and custom fabricated fittings and assemblies. The Company’s existing management will continue to run the business and maintains a significant ongoing equity position.
Microwave Components, Inc.
Stonebridge Partners, through its portfolio company, ADI American Distributors, has completed the acquisition of Microwave Components, Inc. Based in Stuart, FL, Microwave Components is a distributor of specialized radio frequency, microwave and millimeter wave components to the primarily serving the aerospace & defense, telecommunications, and test & instrumentation industries.
CoyoteLight, Inc.
Sentinel Capital Partners, through its portfolio company, GSM Outdoors, has completed the acquisition of CoyoteLight, Inc. Based in Spring City, PA, CoyoteLight is a leading predator light hunting brand. This acquisition expands GSM Outdoors’ hunting category offerings and is a great compliment to GSM’s existing line of predator lights under their Cyclops brand.
Ameriflex, Inc.
American Securities, through its portfolio company, MW Industries, Inc. has completed the acquisition of Ameriflex, Inc. Based in Corona, CA, Ameriflex is a leading manufacturer of precision formed metal bellows and bellows assemblies used in applications supporting the semiconductor, microelectronics, and aerospace industries.
Sinclair Manufacturing Co.
ShoreView Industries, through its portfolio company, Hermetic Solutions Group, LLC (“HSG”), has acquired Sinclair Manufacturing Co. Based in Norton, MA, Sinclair designs and manufactures hermetic packaging solutions for the aerospace & defense, medical, telecom and industrial end markets. Sinclair’s products are complementary to HSG’s existing portfolio and include hermetic packages, connections and feedthrus, and headers.
Concept Group
Fulham and Company has completed the recapitalization of Concept Group. Headquartered in Palm Beach, Florida, Concept Group is a designer and manufacturer of insulation barriers for consumer, aerospace, medical and industrial applications. The company's Insulon technology creates high-performance barriers designed to work in a variety of thermal environments, ranging from cryogenic temperatures to 2000°F.
Triple Red Ltd.
ShoreView Industries, through its portfolio company, Edstrom Industries LLC, has completed the acquisition of Triple Red Ltd. Triple Red manufactures and sells a broad range of equipment and services to support life sciences research and healthcare applications.
Biocare Medical, LLC
Excellere Partners has completed an investment in Biocare Medical. The Northern California based company is a leading provider of immunohistochemistry (IHC) instrumentation, as well as a full range of reagents for IHC and molecular testing.
Tri-Star Industries, Inc.
Genstar Capital, through its portfolio company, MW Industries, Inc., has completed the acquisition of Tri-Star Industries, Inc. Based in Berlin, CT, Tri-Star is an industry leading manufacturer of a complete line of standard and custom designed threaded inserts and compression limiters in brass, steel, aluminum and stainless steel for plastic applications.
Medlogix
Excellere Partners has completed an investment in Medlogix. Hamilton, NJ based Medlogix is a premier provider of medical claims management provider to auto insurance carriers, regional administrators for workers’ compensation and group health insurers.
Gemini Electronic Components, Inc.
Stonebridge Partners, through its portfolio company, American Distributors, has completed the acquisition of Gemini Electronic Components, Inc. Based in Valhalla, NY, Gemini is a value-added supply chain partner and distributor of mil-spec connectors and other electronic components sold primarily to OEMs and contract manufacturers doing contract assembly for military OEMs.
Ellis Paint Company
Axalta Coating Systems (NYSE: AXTA), has completed the acquisition of Ellis Paint Company. Los Angeles, CA based Ellis is a manufacturer of a wide variety of industrial paints and coatings.
RVA Robinson Aviation, Inc.
Alta Equity Partners, in partnership with management, has completed the recapitalization of RVA Robinson Aviation, Inc. Oklahoma City, OK based Robinson is a leading aviation services company that specializes in air traffic control operations, communications, navigation and landing system engineering, installation & maintenance.
Adhere Industrial Tapes Ltd.
RPM International Inc. (NYSE: RPM) has completed the acquisition of Adhere Industrial Tapes Ltd. to be part of its tremco illbruck business group. Colchester, United Kingdom based Adhere manufactures a wide variety of single and double-sided foam tapes used in construction and industrial applications.
New Braunfels Dermatology Practice
Westwind Investors, through its portfolio company, DermOne, has completed the acquisition of New Braunfels, Texas based Dr. John Tieman’s board certified dermatology practice. DermOne is a leading provider of comprehensive dermatology services through a fast growing network of neighborhood skin care centers in four states.
STI International, Inc.
Westwind Investors has completed an investment in employee-owned STI International, Inc. Georgetown, Texas based STI is the premier manufacturer of 1911 and 2011 style firearms. STI is dedicated to providing the highest quality custom handcrafted firearms for competition, duty and self-defense use.
Sea Link International, Inc.
New Water Capital completed the recapitalization of Sea Link International, Inc. Largo, Florida based Sea Link International is a leading provider of design support and manufacturer of high-precision automotive lighting components servicing global Tier 1 and OEM customers.
SIGCO, Inc.
Lineage Capital has completed the recapitalization of SIGCO, Inc. Westbrook, Maine based SIGCO is a leading integrated architectural glass and aluminum fabricator in North American and the preeminent provider in New England.