Iris Dorbian
The Limited, a portfolio company of Sun Capital Partners, said Wednesday that it has named Diane Ellis as its CEO. The appointment is effective August 26, 2013. Prior to joining The Limited, Ellis served as president and COO of Brooks Brothers. Based in Columbus, OH, The Limited is a longtime fashion retailer that has 259 mall locations in the U.S.
PokitDok said Tuesday that it has hired two additions to its executive team. They are Jason Thibeault, who has been named senior vice president of marketing and Ryan Tarzy, who has assumed the role of senior vice president of business development. Based in San Mateo, Calif., PokitDok, which is backed by New Atlantic Ventures, Rogers Venture Partners and Subtraction Capital, is an online health marketplace that connects consumers with providers.
Virtual Bridges said Tuesday that it has named Dirk Luthro as its CFO. In his new position, Luthro will be responsible for global financial operations for the company. Prior to joining Virtual Bridges, Luthro served as CFO of Alereon. Headquartered in Austin, Texas and backed by Austin Ventures, Virtual Bridges is a provider of desktop cloud and virtualization solutions.
MCH Private Equity has sold Gamo Outdoor, S.L. to Bruckmann, Rosser, Sherill & Co, a New York-based private equity firm. No financial terms were disclosed for the transaction, which closed on August 2, 2013. Harris Williams & Co, a middle-market investment bank, served as advisor to Gamo. Based in Barcelona, Spain, Gamo is a producer of airguns.
Philadelphia-based private equity firm Versa Capital Management said Tuesday that it has acquired Hatteras/CABO from Brunswick Corp. No financial terms were disclosed. John Ward, CEO and president of Hatteras/CABO, will continue in his role. Based in New Bern, N.C., Hatteras is a maker of luxury motor yachts.
Georgia Oak said Tuesday that it will make an investment in Your Pie. No financial terms were disclosed. The funding will be used for growth and expansion. Your Pie is a pizza franchise brand with 17 locations in the southeast U.S.
Emerson said Tuesday that it has agreed to sell a 51% stake in its embedded computing and power business to Platinum Equity for approximately $300. However, Emerson will retain a 49% stake in the business and increase its share repurchase by $600 million to offset associated earnings dilution. Based in St. Louis, Missouri, Emerson is a provider of technology and engineering solutions.
Allstate Power Vac has merged with The Environmental Quality Company, a portfolio company of Kinderhook Industries. No financial terms were disclosed. Brown Gibbons Lang & Company served as the exclusive financial advisor to Allstate for the transaction. Based in Rahway, NJ, Allstate Power Vac. which was recently acquired by The Environmental Quality Company, is a provider of industrial and environmental environmental services in the Northeast U.S. The Environmental Quality Company, which is based in Wayne, Michigan, is a provider of environmental services and waste management solutions.
Bluerock Real Estate, a national real estate investment firm, has named Dan Falls as regional vice president of Bluerock Capital Markets. In his new position, Falls will be responsible for growing Bluerock’s sales in the central north region. Bluerock Capital Markets is the managing broker-dealer for Bluerock Real Estate.
Willis Group Holdings said Tuesday that it has named Michael Harden as CEO of Willis Re Bermuda. The appointment is effective January 1, 2014. Harden is currently chairman of Willis Re Australia and will continue in that role. Based in the UK, Willis Group Holdings is a global risk advisor, insurance and reinsurance broker.