Promus Equity Partners has acquired Illinois-based QCC. QCC was founded in 1951 by the late Richard C. Michalek and has remained in the ownership of his family until now. The business is a manufacturing services provider supporting companies such as Sauer-Danfoss, Parker Hannifin and Woodward. PRESS RELEASE Promus Equity Partners, LLC (“Promus”), headquartered in Chicago, […]
Monroe Capital has provided funding of a unitranche facility for the recapitalization of Consolidated Glass Holdings, a portfolio company of Grey Mountain Partners. Consolidated Glass Holdings is headquartered in Denver, Colorado. Its companies operate in the architectural, security, and custom glass and metal fabrication fields. PRESS RELEASE Monroe Capital LLC today announced the funding of […]
Sunoco Inc. said on Monday it is in exclusive talks with private equity firm Carlyle Group on a potential joint venture for the refiner’s 330,000 barrel-per-day refinery, Reuters reported. Sunoco would put the refinery assets into the joint venture in exchange for a nonoperating minority interest in the venture, it said in a statement. (Reuters) […]
Middle-market deal makers appear to be feeling busier this quarter than in Q1. In our weekly poll, more than 68% of the 105 people who took the poll said deal making would pick up in Q2 after a lackluster first quarter.
Brian Vowinkel was appointed regional MD for Ascent Private Capital Management of U.S. Bank in Seattle. He reports to Michael Cole, president of Ascent Private Capital Management. Vowinkel previously headed his own firm, Ranger Select. PRESS RELEASE U.S. Bank, a leading provider of wealth management and private banking services,* announced today that Brian Vowinkel has […]
What global buyout shop will be looking to fundraise next for a mega fund? Think Apollo Global.
The Riverside Co. has recapped Baby Jogger. Financial terms were not announced. It’s not clear if Riverside Co. has aquired a majority or minority stake in the company. Richmond, Va.-based Baby Jogger designs and markets branded infant and juvenile products focused on baby strollers, bicycle trailers, and related accessories. John Neuner, Brent Spiller and Chip […]
The Riverside Co. has sold GreenLine Foods to Apio. Financial terms weren’t announced. The deal closed on April 23. GreenLine provides packaged green beans in North America. Apio is a unit of Landec Corp. Glenn Gurtcheff, Tim Alexander, Jeff Cleveland and Brant Cash of Harris Williams advised GreenLine in the sale. PRESS RELEASE Harris Williams […]
Thomson Reuters said Monday that it has agreed to sell its healthcare busines to Veritas Capital in a deal valued at $1.25 billion. The transaction, subject to regulatory approval, is execpted to close in the next few months. The Healthcare business provides data, analytics and performance benchmarking solutions and services to hospitals, health systems and […]
Element Partners, CSL Capital Management and North Sky Capital have acquired Environmental Drilling Solutions. Formed in 2009, the company is a provider of closed-loop drilling solids control services to the North American oil and gas industry. Terms of the deal were not released. EDS is based in Lafayette, Louisiana. PRESS RELEASE Element Partners, an energy […]