Iris Dorbian
Huntington Ingalls Industries has agreed to acquire UniversalPegasus International, a portfolio company of KRG. No financial terms were disclosed for the transaction, which is expected to be completed this June. Headquartered in Houston, UPI is a provider of engineering and project management solutions to the energy sector.
Education Growth Partners has acquired a minority stake in the Human Capital Institute. No financial terms were disclosed. Based in Cincinnati, HCI is an education and media firm serving the talent management sector.
Vista Equity Partners has agreed to buy sports data firm STATS from Fox Sports and the Associated Press. No financial terms were disclosed for the transaction, which is expected to close this summer. The Raine Group provided financial advice to AP and 21st Century Fox.
Ranpak Corp, which is owned by Odyssey Investment Partners, has closed its buy of Geami. No financial terms were disclosed. Headquartered in Raleigh, NC, Geami is a maker of paper packaging materials and solutions.
Speedpro Imaging said Monday that it has been acquired by Fairfield-Maxwell, Mountain Ridge Capital and Boris Katsnelson. No financial terms were disclosed. Also, Katsnelson will become president of Speedpro while the firm's founder Blair Gran will assume the role of chairman. Based in Scottsdale, Ariz., Speedpro is a wide format imaging franchisor.
Propel Equity Partners said Monday that it has acquired "substantially" all of Summit Products' assets, which include several toy brands. No financial terms were disclosed. Also, in a separate deal, the private equity firm has also bought CitiBlocs, a line of wood construction blocks. These toy brands will be incorporated into ALEX BRANDS, which is backed by Propel Equity Partners.
CCMP said Monday that it has agreed to acquire a controlling stake in Hillman from Oak Hill Capital for $1.475 billion. CCMP has partnered with Hillman's current management team on the transaction. Oak Hill Capital will retain a "significant" minority stake in Hillman. Barclays is advising Hillman on the deal while Morgan Stanley is advising CCMP. Based in Cincinnati, Hillman is a provider of fasteners, key duplication systems, engraved tags and related hardware items.
Hillshire Brands has closed its buy of Van's Natural Foods from Catterton Partners. No financial terms were disclosed although previous news reports pegged the value of the purchase at $165 million. Van's Natural Foods is a frozen breakfast and snack foods brand.
Bob’s Discount Furniture, which is backed by Bain Capital, said Thursday that it has hired Chris Day as senior vice president of real estate. Previously, Day worked at Coventry Real Estate Advisors where he served as senior vice president of retail services. Headquartered in Manchester, Conn., Bob’s Discount Furniture is a retailer of low-cost furnishings.
Sun Private Equities said Friday that it has acquired a majority stake in Sustainable Refining. No financial terms were disclosed. Based in Franklin, New Hampshire, Sustainable Refining is a producer of renewable, vegetable-based industrial grade lubricants and oils.