Pegasus Capital Advisors has sold packaging company Salerno Plastics Corp. to a five-partner management group, which is backed by the Solidarity Fund QFL and Capital r
Lenovo Group Ltd. is in talks to acquire Dutch PC maker Packard Bell, which is valued at approximately $800 million. Lenovo is the world's third-largest PC maker, following its 2005 acquisition of IBM's ThinkPad unit. That deal was partially financed by a $350 million private equity infusion from TPG and General Atlantic. www.lenovo.com www.packardbell.com
Advion BioSciences Inc., an Ithaca, N.Y.-based developer of microfluidics technology, has acquired NanoTek LLC, a Walland, Tenn.
Veridiam Inc., a San Diego-based metal components manufacturer, has acquired Allied Swiss Screw Inc., an Oceanside, Calif.-based maker of custom-fabricated ultra-precision machined products. No financial terms were disclosed. Veridiam is a portfolio company of WHI Capital Partners. www.veridiam.com
Hub International Ltd., a Chicago-based insurance brokerage, has acquired certain assets of Roslyn Heights, N.Y.-based brokerage Jacobs & Jacobs Inc. Hub also announced that it has acquired the stock of Templeton Southwest Insurance Agency and Templeton Southwest of Houston Insurance Agency Inc. — Texan insurance brokers specializing in commercial trucking insurance services. No financial terms […]
Conner Steel Products Inc., a San Angelo, Texas-based manufacturer of above-ground storage tanks for the oil and gas industry, has acquired Aggregate Plant Products Co., a San Antonio-based provider of material handling equipment for the oil and gas well fracturing services business. Conner Steel is a portfolio company of Empeiria Capital. Terms were not disclosed.
Total Safety U.S. Inc., a Houston, Texas-based portfolio company of DLJ Merchant Banking Partners, has completed its acquisition of Inter-Mountain Safety Inc., an Evanston, Wyo.
Comm-Works Holdings LLC, a Minneapolis-based provider of enterprise communications solutions, has acquired Harbor Technologies, a Mt. Laurel, N.J.-based enterprise networking company. No financial terms were disclosed. Comm-Works is a portfolio company of Morgenthaler Partners. www.comm-works.com www.harbortech.com
GoAmerica Inc. (Nasdaq: GOAM) has agreed to acquire the Telecommunications Relay Services (TRS) division of Verizon for $50 million in cash. The deal also includes up to $8 million in cash earn-outs, and is being financed via a $65 million private equity and debt infusion from Clearlake Capital Group. www.goamerica.com www.verizon.com
SunSource Holdings Inc., a fluid products and systems distributor owned by Code Hennessy & Simmons, has expanded via the acquisition of Seattle-based George W. Warden Co. Inc. (a.k.a. Warden Fluid Dynamics). No financial terms were disclosed. www.sun-source.com www.wfdonline.com