GTI Group has promoted Ruzgar Barisik to partner. He originally joined the firm in 2006 as a principal. www.gti-llc.com
DETROIT (Reuters) – Tennessee Sen. Bob Corker, who pushed for tough conditions on the U.S. government bailout for automakers, said on Tuesday he hoped that Chrysler LLC would merge to become a viable company. Corker, who was touring the Detroit auto show and scheduled to meet with U.S. auto executives, also said he was concerned […]
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.
Leeds Equity Partners has promoted Atif Gilani from principal to managing director, and Josh Kaufman from associate to senior associate.
Lime Rock Partners, an energy-focused private equity firm, has promoted Will Franklin, J McLane, and Simon Munro to the position of managing director. Lime Rock also has hired Kris Agarwal as director and assistant general counsel.
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
Tailwind Capital has closed its inaugural fund with $775 million in capital commitments, according to LBO Wire. The New York-based buyout firm spun off from Thomas Weisel Partners in 2006, and held a $320 million first close in early 2007. It had been targeting $750 million. Atlantic-Pacific Capital served as placement agent. www.tailwindcapital.com
Trantech Radiator Products Inc., an Edgefield, S.C.-based maker of radiators used for cooling liquid-filled transformers in the electric power industry, has sold $10.7 million of preferred stock and subordinated debt to Key Principal Partners.