PEI Staff
Pyramid Healthcare, Inc., a portfolio firm of Clearview Capital Fund II, bought Mazzitti & Sullivan Counseling Services, Inc. and Quest Services, Inc., two outpatient substance abuse treatment providers in Pennsylvania. These mark the company's sixth and seventh add-on acquisitions since it was recapitalized in 2011.
Southfield Capital, a private equity firm that focuses its investments in lower middle market companies, agreed to sell BioPharm Communications to Omnicom Health Group. The transaction is set to be completed in the second quarter of this year.
CI Capital Partners acquired a majority stake in Impact Sales, a sales and marketing agency focused on the consumer packaged goods industry. Concurrently, Impact Sales also acquired California-based sales and marketing agency New Connections Marketing Group. Details of the transactions were not disclosed. The management teams of Impact Sales and New Connections Marketing Group retained stakes in the companies.
Energy-focused firm Intervale Capital invested in Dynacorp Energy Services, an equipment designer for the oil and gas industry. The investment forms part of the Canada-based company's efforts at recapitalization.
Private equity firm Brynwood Partners appointed Doug Gillespie president and chief executive officer of its portfolio company Harvest Hill Beverage Company known for its Juicy Juice brand. Gillespie joins Harvest Hill from Jarden Corporation where he became the president of Jarden Home and Family North America. Brynwood Partners VII L.P. formed Harvest Hill Beverage Company in 2014 to buy Juicy Juice from Nestlé USA, Inc.
Nelson Global Products Inc., a portfolio company of Wind Point Partners, sold manufacturing facilities in Morton, Illinois to Morton Industries Holdings LLC. The maker of mufflers, silencers and other OEM and aftermarket parts will hold equity in the business with the new owners. The sale was effective April 19, 2016.
Chicago-based City Capital Ventures, LLC acquired a majority stake in Diedrich Roasters, the Idaho-based manufacturer of batch coffee roasting equipment. The second investment of City Capital Ventures this year, the transaction was completed with Lighthouse Ventures. KeyBank provided a senior term loan and revolving credit facility for the deal.
People analytics platform Humanyze bagged $4 mln from seed and early-stage venture capital firm Romulus Capital in its Series A round. Humanyze has rolled out Wyze, its flagship product that is designed to measure social interactions and improve teamwork and processes in companies.
CVC Capital Partners sold Education International Corporation to a consortium headed by Chinese private equity firm NLD Investment LLP in partnership with EIC management and founder. Terms of the transaction were not disclosed. CVC invested in the educational counselling service provider in 2013 from Asia Fund III.
Summit Partners hired Brian Provost for its Executive-in-Residence program. Provost, the former president and CEO of tax compliance SaaS company Convey Compliance, will work together with Summit's Technology team to identify investment opportunities in growth-stage software companies.