Iris Dorbian
Green Field, an oilfield service firm based in Lafayette, Louisiana, has sold its equipment and inventory assets to Gordon Brothers Group. No financial terms were disclosed. Carl Marks served as an investment banker to Green Field on the transaction. Green Field filed for bankruptcy last October.
Terra-Gen, which is backed by ArcLight Capital Partners and Global Infrastructure Partners, has agreed to sell its Alta Wind to NRG Yield. No financial terms were disclosed for the transaction, which is expected to be completed in the third quarter of 2014. Citigroup and Morgan Stanley were the advisors on the sale.
RPS has acquired GaiaTech, which was backed by MSouth Equity Partners. No financial terms were disclosed. Lincoln International advised MSouth and GaiaTech on the transaction. Based in Chicago, GaiaTech is a provider of environmental consulting and engineering solutions.
Summit Partners and FleetCor have acquired Masternaut from Francisco Partners. No financial terms were disclosed. Masternaut's CEO Martin Hiscox will remain in his position. Arma Partners was financial advisor to Masternaut on the transaction. Based in the UK, Masternaut is a provider of telematics solutions to commercial fleets.
Minova Insurance (formerly known as BMS Associates) has received $50.7 million in funding from Capital Z Partners. Minova Insurance is a holding company that invests in the insurance sector.
AMS has agreed to acquire AppliedSensor. No financial terms were disclosed. Based in Reutlingen, Germany, AppliedSensor is a producer of chemical gas sensors. It is backed by Nordic private equity fund Verdane Capital VI.
National Penn Bancshares, a portfolio company of Warburg Pincus, has agreed to acquire TF Financial Corp. for $138 million. The transaction is expected to close in late 2014. Sandler O’Neill & Partners provided financial advice to National Penn on the deal while Keefe, Bruyette and Woods was financial advisor to TF Financial. Headquartered in Newtown, Penn., TF Financial's principal subsidiary is 3rd Fed Bank, which runs 18 retail and commercial banking offices in Pennsylvania and New Jersey.
Early-stage venture firm True Ventures said Wednesday that it has closed $290 million for its fourth fund. Its focus will be on "bold ideas disrupting big markets."
Fulcrum Capital Partners has acquired a majority stake in Weatherhaven Global Resources. No financial terms were disclosed. Headquartered in Burnaby, British Columbia, Weatherhaven is a provider of redeployable shelter systems.
American Securities has acquired Grede Holdings, which was backed by Wayzata Investment Partners. No financial terms were disclosed for the the transaction, which was done in partnership with Grede's management. Headquartered in Southfield, Mich., Grede is a maker of cast, machined and assembled components for transportation and industrial sectors.