Connie Loizos
Welsh, Carson, Anderson & Stowe, a New York-based private equity firm that focuses on healthcare, along with information and business services, has completed its acquisition of the interactive software company GetWellNetwork, whose technology enables patients to view movies, access the Internet and more via their hospital bedside TVs.
The 451 Group, the New York-based parent of 451 Research and Uptime Institute, has announced it is acquiring the research, data, and advisory firm Yankee Group from the Boston-based private equity firm Alta Communications. Terms of the deal are not being disclosed.
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Arsenal Capital Partners, a New York-based private equity firm that invests in middle-market specialty industrial and healthcare companies, announced today that it is acquiring Dash Multi-Corp. of Maryland Heights, Missouri, which makes formulated polyurethane, vinyl plastisol, specialty coatings as well as recycled rubber products. Terms of the deal were not disclosed.
High Road Capital Partners, a New York-based private equity firm, has completed its acquisition of Ry-Con Specialty Foods through its portfolio company, Panos Brands. Ry-Con produces and distributes hormone-free cheeses and other products that do not contain antibiotics, preservatives, or animal by-products. Terms of the deal were not disclosed; High Road Capital acquired Panos in December 2010; this marks the company's first add-on acquisition since that time.
Chromaflo Technologies of Ashtabula, Oh., an Arsenal Capital-backed company that sells colorants and chemicals for the paint, coatings, and thermoset plastics industries, has acquired Elementis B.V. for an undisclosed amount. Elementis sells a line of colorant products in Europe, the Middle East, and Africa.
In recent years, buttoned-down New York City has become an epicenter of open-collared consumer Web startups, with one hot brand after another drawing in users and venture capital in tandem. But the city that doesn’t sleep may have to work through the night reinventing itself if investors’ growing infatuation with all things enterprise goes unabated.
Cleantech Solutions International, a Wuxi, China-based maker of metal components and assemblies, has appointed Adam Wasserman as CFO. Previously, Wasserman was the company's VP of financial reporting. Wasserman replaces Wanfen Xu, the company's previous CFO.
Intellihot Green Technologies, a Galesburg, Il.-based company that makes tankless water heater systems for residential and commercial markets, ha appointed Glen Barton to its board of directors. Barton is a retired chairman and CEO of the construction and mining company Caterpillar.
Total Fleet Solutions, a Holland, Oh.-based fleet management services company, has merged with San Antonio, Tex.-based The Miner Corporation, which sells facilities services (from loading docks to storefront glass to commercial doors) to a wide range of industries. Terms of the deal were not disclosed, but Total Fleet Solutions is backed by the private equity firm CI Capital Partners.