Bay Grove Capital has acquired Seafreeze Cold Storage from Toyo Suisan Kaisha Ltd. No financial terms were disclosed. Seafreeze is the largest public refrigerated warehouse company in the Port of Seattle.
Pelican Products Inc., a Torrance, Calif.-based maker of protective cases and lighting systems, has acquired Hardigg Industries Inc., a maker of rotational-molded transport and storage cases. The transaction is valued at approximately $200 million. Pelican Products is a portfolio company of Behrman Capital.
Austin Ventures and TGF Management have acquired Sterling Foods Ltd., a San Antonio, Texas-based supplier of baked goods to the food service and retail industries. No financial terms were disclosed.
Centerfield Capital Partners has acquired a 45% stake in Associated X-Ray Services LLC, a distributor of radiology and medical imaging devices in Indiana and Michigan, according to LBO Wire. No financial terms were disclosed. www.centerfieldcapital.com
CMS Small-Cap Private Equity Fund has sold MedDispense LP, a provider of automated dispensing machines to small healthcare facilities, to Emerson (NYSE: EMR). No financial terms were disclosed. CMS had recapped MedDispense in January 2007, alongside CEO Bill McClintock. Cobblestone Advisors advised MedDispense on the sale. PRESS RELEASE The CMS Small-Cap Private Equity Fund has […]
Starwood Energy Group Global, an affiliate of private equity firm Starwood Capital Group, has acquired a majority stake in Nautilus Solar Energy LLC, a Chatham, N.J.-based solar power generation developer. No financial terms were disclosed, except that the deal includes a $50 million commitment for future Nautilus Solar projects.
Delta Rigging & Tools, a Lake Jackson, Texas-based provider of lifting products and services for the domestic lifting equipment and rigging industry, has acquired D&M Wire Rope, a provider of wire rope and rigging throughout Colorado, Utah, and Wyoming. No financial terms were disclosed. Delta Rigging was acquired last summer by Austin Ventures.
Windjammer Capital Investors has acquired S.T. Specialty Foods Inc., a Brooklyn Park, Minn.-based provider of private label and store-branded, dry shelf-stable dinners and side dishes. No financial terms were disclosed, except that Windjammer provided both equity and subordinated debt. Last month, peHUB reported that the two sides were in negotiations.
NEW YORK (Reuters) – Merisant Worldwide Inc, a maker of low-calorie tabletop sweeteners such as Equal and Canderel, filed for Chapter 11 bankruptcy protection on Friday, weighed down by increased competition and too much debt. The closely held, Chicago-based company and five affiliates filed for protection from creditors with the U.S. Bankruptcy Court in Wilmington, Delaware. […]
Worsening balance sheets and earnings ratios will curb companies’ appetite to buy rivals in 2009, helping extend last year’s 30 percent slide in M&A, according to a study by KPMG. The study, released on Monday, adds weight to the widely held view that this year will be a meagre one for dealmaking, with debt scarce […]