Iris Dorbian
Golden Gate Capital has agreed to acquire Phillips-Medisize Corp. from Kohlberg & Company. No financial terms were disclosed. Goldman Sachs advised Phillips-Medisize on the transaction while Robert W Baird advised Golden Gate Capital. Headquartered in Hudson, Wisconsin, Phillips-Medisize is a provider of design and manufacturing services to the pharmaceutical, medical device, diagnostic and specialty commercial sectors.
Charlesbank Capital Partners has acquired American Residential Services from CI Capital Partners and Royal Palm Capital Partners. No financial terms were disclosed. Berenson & Company and Paul, Weiss, Rifkind, Wharton & Garrison advised ARS on the transaction while Metronome Partners, RBC Capital Markets and Goodwin Procter advised Charlesbank. Based in Memphis, Tenn., ARS is a provider of heating and air conditioning and plumbing services.
Private equity firm Ardian has sold its 22 percent stake in Newrest to the company's management. No financial terms were disclosed. As part of the transaction, Ardian will acquire a new minority stake in Newrest. Based in France, Newrest is a multi-sector catering company.
Accella Performance Materials, which is backed by Arsenal Capital Partners has acquired RTH Processing and RDT Manufacturing LLC to launch a new company Ultimate RB. No financial terms were disclosed. Based in Delphos, Ohio, RTH is a producer of colored EPDM granules used in playground surfacing, running tracks and other rubber products while RDT is a maker of rolled rubber products.
PLH Group, a portfolio company of Energy Capital Partners, said Tuesday that it has acquired R.B. Hinkle Construction. No financial terms were disclosed. Headquartered in Sterling, Virginia, R.B. Hinkle is a provider of underground utility infrastructure services across the Mid-Atlantic region.
Investment bank Evercore said Tuesday that it has named J. Stuart Francis as a senior managing director in its technology group. Francis will join the firm in August and be based in Evercore's office in Menlo Park, Calif. Most recently, he served as vice chairman of investment banking and chairman of the global technology group for Barclays.
Dutch midmarket private equity fund Rabo Capital B.V. has acquired Kipp & Zonen. No financial terms were disclosed. Based in Delft, the Netherlands, Kipp & Zonen is a maker of solar and atmospheric instrumentation. Middle-market M & A firm Woodbridge International advised Kipp & Zonen on the transaction.
Prospira PainCare, which is backed by Enhanced Equity, Webster Capital and Pulse Equity, has acquired Advanced Interventional Pain Clinic. No financial terms were disclosed. AIPC is a provider of pain management solutions in the Orlando, Florida metropolitan market.
Recall Holdings Limited has acquired CitiStorage for a consideration of $47.2 million. The seller was Ares Capital Corp. Based in Brooklyn, NY, CitiStorage is a records management firm.
New York private equity firm Jacobson Partners has sold TUG Technologies to E-Z-GO, a subsidiary of Textron. No financial terms were disclosed. Based in Kennesaw, Georgia, TUG is a maker of ground support equipment serving the aviation sector.