David Wansboro
HIG Capital bought Time Manufacturing in December.
The acquisition was made via Ergon Capital Partners V SCSp.
A consortium led by Macquarie Asset Management and including British Columbia Investment Management and MEAG has bought the entire stake.
The deal represents the first add-on acquisition since the investment of Main Capital Partners in April.
The investment was made by ONCAP IV, Onex’s $1.1 billion mid-market private equity fund.
The investment is being made from Buyout Fund VI which closed on $3 billion in March.
Equistone’s investment will provide Talon with the capital for further M&A and investment in new territories.
Bostockwhite will continue to be led by Tony Bostock and Samantha White.
The purchase was made from Birch Hill Equity Partners Management and the other minority shareholders of HomeQ, the parent company of HomeEquity Bank.
Gilde Healthcare will look to build out the 122-year-old international contract manufacturer's offering.