Iris Dorbian
Associated Materials Group Inc, a maker of home-building products, said on Tuesday it had decided to withdraw its plans for an initial public offering.
LoneStar, a portfolio company of AEA Investors, has acquired Octopus-backed Hydrobolt. No financial terms were disclosed. Based in the UK, Hydrobolt is a maker of specialty fasteners, machined components and flanges and fittings primarily serving the global oil and gas and power generation industries.
Intermedix Corp., a portfolio company of Thomas H. Lee Partners, has closed its buy of Optima Corp. No financial terms were disclosed. Based in Auckland, New Zealand, Optima is a provider of technology that supports simulation, predictive analytics and real-time deployment of mobile resources.
Dean Evans & Associates has secured growth funding from JMI Equity. No financial terms were disclosed. Based in Denver, Dean Evans & Associates is a provider of facility scheduling and event management solutions.
Abraaj has acquired a stake in Kool Food. No financial terms were disclosed. Based in Casablanca, Morocco, Kool Food is a chocolate confectionery maker.
AssuredPartners, a portfolio company of GTCR, has acquired CBS Coverage Group. No financial terms were disclosed. Based in Plainview, NY, CBS Coverage Group is a provider of commercial insurance, employee benefits, financial planning services and personal insurance.
Joerns Healthcare, which is owned by Quad-C Management and RecoverCare, which is owned by Aurora Capital, have agreed to merge. No financial terms were disclosed for the transaction, which is expected to be completed during the second quarter of 2014. Based in Charlotte, North Carolina, Joerns Healthcare is a maker and rental provider of bed systems, therapeutic support surfaces, safe patient handling equipment and wound management solutions for the post-acute healthcare market. And, RecoverCare, which is headquartered in Louisville, Kentucky, is a provider of therapeutic support surfaces, bariatric, wound care and safe patient handling equipment and solutions.
East Atlantic Investment Corp. said Wednesday that it has launched Pango. William Keenan has been named chairman and CEO of Pango. Based in Wilmington, Delaware, Pango is a provider of alternative funding solutions for small to medium-sized businesses.
Lambert Private Equity has agreed to provide $45 million to K2 Design & Strategy. K2 Design & Strategy is an advanced analytics and digital innovation firm.
Private equity firm Symphony Technology Group has acquired MDdatacor from Noridian Mutual Insurance Company. No financial terms were disclosed. STG will merge MDdatacor with other assets to launch Symphony Performance Health, a provider of best-in-class information, analytics and tech solutions.