chris@arsenalvp.com
EN Engineering has acquired Greenwood Village, Colorado-based QC Data, an intelligent infrastructure services firm. No financial terms were disclosed. EN Engineering is backed by Kohlberg & Company.
A South Korean-based consortium of infrastructure investors has acquired a 50 percent ownership stake in the Utopia Pipeline from Riverstone Holdings LLC. No financial terms were disclosed. Included in the investor group are Shinhan Investment Corp., Samtan Co., Ltd, EIP Investment Co. Ltd and KDB KIAMCO. Originating in Harrison County, Ohio, Utopia is a pipeline that delivers to the Sarnia petrochemical market in Ontario, Canada.
Pfingsten has acquired San Diego-based Environmental Lights, a provider of commercial accent LED lighting. No financial terms were disclosed. Lincoln International LLC and Canaccord Genuity LLC provided financial advice to Environmental Lights on the deal.
Cinven has agreed to invest in Barentz, a Dutch specialty ingredients distributor for the food, pharmaceutical, personal care and animal nutrition markets. No financial terms were disclosed. 1602 Capital Partners acted as M&A adviser to Cinven on the deal.
Canadian cannabis company Canopy Growth has named Judy Hong as vice president of investor relations. Her appointment becomes effective December 2, 2019. Prior to joining Canopy Growth, Hong worked at Goldman Sachs where she most recently served as managing director of its global investment research division.
Siemens has acquired Omaha-based MultiMechanics, a developer of virtual testing software. No financial terms were disclosed. MultiMechanics was a portfolio company of Anzu Partners.
Renovus Capital Partners has recapitalized New York City-based ClinicalMind, a medical communications company. No financial terms were disclosed. Excel Partners served as the sell-side adviser to CM on the deal. DLA Piper provided legal counsel to Renovus while BrownRudnick did likewise for CM.
Xperience Restaurant Group, an operator of California-based Mexican restaurants, has acquired chains SOL Mexican Cocina and solita Tacos & Margaritas. No financial terms were disclosed. XRG is backed by Z Capital.
First Read begins the day with news that Uber loses London license again, LVMH agrees to acquire Tiffany for $16.3 billion, and Alibaba's shares climb nearly 8 percent in their debut.
Boss Manufacturing Company has agreed in principle to sell its glove, boots and rainwear business to Boston-based Protective Industrial Products Inc, a supplier of personal protective equipment. No financial terms were disclosed. PIP is a portfolio company of Audax Group.