CODI to sell Clean Earth for about $625 mln


This post is by Iris Dorbian from PE Hub Blog: PE-Backed Mergers and Acquisitions


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Compass Diversified Holdings, an owner of middle-market businesses has agreed to sell Clean Earth to Harsco Corporation for about $625 million in cash. The deal is expected to close within the next few months. Moelis & Company LLC and Houlihan Lokey provided financial advice to CODI on the deal with Squire Patton Boggs (US) LLP providing legal counsel. Clean Earth is a specialty waste company.

PRESS RELEASE

WESTPORT, Conn., May 09, 2019 (GLOBE NEWSWIRE) — Compass Diversified Holdings (NYSE: CODI), an owner of leading middle market businesses, announced today that Compass Group Diversified Holdings LLC (together with Compass Diversified Holdings, “CODI” or the Company”) has entered into a definitive agreement (the “Agreement”) to sell its majority owned subsidiary, CEHI Acquisition Corporation, the parent company of Clean Earth, Inc. (“Clean Earth”), to a wholly-owned subsidiary of Harsco Corporation (NYSE: HSC). Under the terms of the Agreement, Clean Earth will

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PE-backed SugarCRM acquires Salesfusion


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SugarCRM, which is backed by Accel-KKR, has acquired Atlanta-based Salesfusion, a provider of marketing automation solutions. No financial terms were disclosed.

PRESS RELEASE

CUPERTINO, Calif. — May 16, 2019 — SugarCRM Inc.®, the company that helps organizations deliver exceptional customer experiences, announced today it has acquired Salesfusion, a leading provider of marketing automation solutions recognized in the Gartner Magic Quadrant for Lead Management.

Salesfusion is the second acquisition the company has made in less than three months. In March 2019, the company acquired Collabspot’s email integration products to enhance its email integration capabilities and take another step towards Sugar’s vision to deliver the most intuitive and collaborative user experience while eliminating data entry.

“These acquisitions combined with our new product innovations clearly demonstrate that Sugar is on a solid growth path and strategically evolving our business every day,” said Craig Charlton, CEO of SugarCRM. “This is just

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JPMorgan Chase to buy InstaMed


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JPMorgan Chase & Co said May 17 that it agreed to buy InstaMed. Financial terms weren’t announced. The deal is valued at $550 million to $600 million, a source said. Instamed, of Philadelphia, is a healthcare payments company. FT Partners advised on the sale.

PRESS RELEASE

May 17, 2019
JPMorgan Chase and InstaMed will now offer healthcare providers, payers and consumers an end-to-end healthcare payments solution
NEW YORK — JPMorgan Chase & Co. (NYSE: JPM) today announced its plan to acquire InstaMed, a leading U.S. healthcare technology company that specializes in healthcare payments. The acquisition will expand the bank’s suite of payment services designed specifically for healthcare consumers, providers, and payers. InstaMed’s secure, centralized platform alleviates a number of challenges in the healthcare payments industry, with particular focus on eliminating paper, improving the consumer financial experience, and reducing costs to collect payments.
“We’ve made significant investments in our Wholesale

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PE-backed Tapì acquires Les Bouchages Delage


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Tapì, which is backed by Wise Equity SGR, has acquired Les Bouchages Delage, a French elite manufacturer. No financial terms were disclosed.

PRESS RELEASE

Massanzago (PD) and Gensac-la-Pallue (Cognac), May the 17th 2019 – Following the acquisitions of Tapì Argentina and T&G, Tapì enhances its presence on the luxury closures market by acquiring the French elite manufacturer Les Bouchages Delage. The newly constituted group further strengthens its positioning as Global Leader in the design, production and distribution of closures for the premium and super premium segments of the spirits market.

Tapi, backed by Wise Equity SGR through Wisequity IV fund, entered today into a binding agreement for the purchase of 100% of the share capital of Les Bouchages Delage, French manufacturer of “T” shaped closures with leading position in the luxury segment. The transaction is expected to close before the end of May 2019.
Les Bouchages Delage’s

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KPS sells Genesis Attachments to NPK Construction Equipment


This post is by Iris Dorbian from PE Hub Blog: PE-Backed Mergers and Acquisitions


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KPS Capital Partners has sold Genesis Attachments to NPK Construction Equipment Inc. No financial terms were disclosed. Headquartered in Superior, Wisconsin, Genesis is a producer of hydraulic mobile shears, specialty demolition attachment tools, grapples, concrete processors and associated aftermarket parts.

PRESS RELEASE

NEW YORK, May 17, 2019 /PRNewswire/ — KPS Capital Partners (“KPS”) announced today it has sold Genesis Attachments, LLC (“Genesis”) to NPK Construction Equipment, Inc. KPS will continue to own Crenlo, Emcor and Siac do Brasil (collectively, “Crenlo Global”). Crenlo Global will continue to be led by Chief Executive Officer Steve Andrews and Chief Financial Officer Steve Klyn.

Raquel Palmer, a Managing Partner of KPS, said, “We congratulate and thank the Genesis management team for their impressive execution. We are very proud to have been their partner in Genesis’ incredible transformation. We remain committed to providing Crenlo Global with capital and resources to continue delivering products of unparalleled

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PE-backed By Light buys Metova Federal


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By Light Professional IT Services LLC has acquired Cabot, Arkansas-based Metova Federal, a cyber range and cyber training services provider for the U.S. government. No financial terms were disclosed. By Light is backed by Sagewind Capital. 

PRESS RELEASE

ARLINGTON, Va., May 16, 2019 /PRNewswire/ — By Light Professional IT Services LLC (“By Light “) today announced the acquisition of Metova Federal, LLC, a leading cyber range and cyber training services provider to the US Government. With the addition of Metova Federal’s software, solutions and services, By Light is well positioned to help customers meet increasingly complex and ever-changing mission threats and requirements. Financial terms of the transaction were not disclosed.

For more than ten years, Metova Federal has been an innovative information technology solutions provider specializing in cyber products and services, training and software development. The company offers CyberCENTS, a cyber training, exercise and mission qualification

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Audax acquires Northborough Dental Associates


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42 North Dental, a portfolio company of Audax Private Equity, has acquired Massachusetts-based Northborough Dental Associates, a dental office. No financial terms were disclosed.

PRESS RELEASE

BOSTON–(BUSINESS WIRE)–Audax Private Equity (“Audax”) announced today that it has closed its 900th acquisition. Audax portfolio company, 42 North Dental, a regional provider of high-quality dental services in the Northeast, has acquired Northborough Dental Associates, a dental office in Northborough, Massachusetts. The acquisition of Northborough Dental Associates is 42 North’s 21st add-on acquisition under Audax ownership.

“We are proud to have reached this milestone as we approach the 20th anniversary of Audax,” said Keith Palumbo, Managing Director at Audax. “Add-on acquisitions are central to our Buy & Build strategy and reaching our 900th acquisition is a testament to Audax’ commitment to our Buy & Build philosophy.”

Young Lee, Managing Director of Audax added, “We partner with management teams, like the team

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PE-backed Climate Pros makes two acquisitions


This post is by Iris Dorbian from PE Hub Blog: PE-Backed Mergers and Acquisitions


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Climate Pros, a portfolio company of Saw Mill Capital, has acquired two Texas-based providers of refrigeration and HVAC services, Norfoxx Refrigeration and Tri-Temp Refrigeration. No financial terms were disclosed.

PRESS RELEASE

BRIARCLIFF MANOR, N.Y., May 16, 2019 /PRNewswire/ — Saw Mill Capital Partners II, LP and affiliated private equity investment funds managed by Saw Mill Capital LLC (“Saw Mill Capital”), in partnership with the management of Climate Pros, LLC (“Climate Pros”), are pleased to announce the acquisitions of Norfoxx Refrigeration, Inc. (“Norfoxx Refrigeration”) and Tri-Temp Refrigeration, Inc. (“Tri-Temp Refrigeration”).

Norfoxx Refrigeration is a leading supplier of refrigeration and HVAC services, proudly serving the Dallas/Fort Worth, Austin, San Antonio, Corpus Christi and McAllen regions of Texas since 2005. Tri-Temp Refrigeration is a leading supplier of refrigeration and HVAC services, proudly serving the Houston region in Texas since 1998.

“The acquisitions of Norfoxx Refrigeration and Tri-Temp Refrigeration enlarge our

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PE-backed Remedy Health Media buys Vertical Health


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Remedy Health Media, which is backed by Topspin Partners, has acquired Vertical Health, a publisher serving patients and healthcare professionals in the diabetes, mental health, back pain, and pain management areas. No financial terms were disclosed.

PRESS RELEASE

NEW YORK, NY, MAY 16 — Remedy Health Media (Remedy), a leading digital health platform and portfolio company of Topspin Partners, today announced the acquisition of Vertical Health, a premium publisher serving patients and healthcare professionals in the diabetes, mental health, back pain, and pain management areas. This acquisition makes Remedy the first—and only—health media company to house multiple chronic condition verticals that offer versions for both consumers and professionals.

By blending deep emotional connection with credibility and relevance, Remedy’s family of brands elevates the dialogue across the healthcare ecosystem to serve the unmet needs of the 157 million Americans that the National Health Council estimates will be living

™

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VC-backed UrbanSitter buys Sitter Inc


This post is by Iris Dorbian from PE Hub Blog: PE-Backed Mergers and Acquisitions


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UrbanSitter has acquired Denver-based Sitter Inc, a creator of an app that helps parents to find, book and pay babysitters. No financial terms were disclosed. UrbanSitter’s backers include Advance Venture Partners, Canaan Partners, DBL Investors, First Round Capital, Match Group – a division of IAC, Menlo Ventures, Rustic Canyon, Aspect Ventures and A-Grade Investments.

PRESS RELEASE

SAN FRANCISCO–(BUSINESS WIRE)–UrbanSitter, an online and mobile service that enables parents and caregivers to connect through people they know, announces today that it has completed the acquisition of Denver-based startup Sitter Inc. Through the acquisition, UrbanSitter expands its umbrella of childcare services to include Sitter Pro, a B2B solution designed to address the operational needs of thousands of sitter and nanny agencies across the nation.

“We realize that families today have a wide range of childcare needs and preferences,” said Lynn Perkins, CEO and co-founder of UrbanSitter. “Our acquisition of the Sitter Pro product

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VMware is buying Bitnami


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VMware said May 15 it was buying Bitnami. Financial terms weren’t announced. Bitnami, of San Franciso, provides application packaging solution. Bitnami raised $1.17 million in funding from Inventures Group and other investors in 2014, PitchBook said. Mike Krigbaum, Brandon Parris and Jim Ryan of Morrison & Foerster provided legal advice to VMWare. VMware is majority owned by Dell.

Aquiline-backed ClearCourse buys instaGiv


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ClearCourse Partnership LLP, which is backed by Aquiline Capital Partners, said May 16 that it acquired instaGiv. Financial terms weren’t announced. InstaGiv, of the U.K., provides mobile and digital fundraising solutions.

PRESS RELEASE

ClearCourse acquires mobile and digital fundraising company instaGiv

London | 16 May 2019 – ClearCourse Partnership LLP (“ClearCourse” or “the Partnership”), a group of innovative technology companies providing software, services and digital capabilities to the membership, events & bookings and sports & leisure sectors, today announces its acquisition of instaGiv (“the company”), one of the UK’s leading providers of mobile and digital fundraising solutions for UK-registered charities. The deal represents an expansion of the fast-growing Partnership’s offering into fundraising and donations.

Established in 2010, instaGiv offers a range of mobile and digital fundraising solutions. With a core focus on SMS donations, instaGiv has developed a range of products and services for fundraising, donor

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All States Ag Parts to buy John F. Mahaney Co


This post is by Luisa Beltran from PE Hub Blog: PE-Backed Mergers and Acquisitions


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All States Ag Parts LLC, a portfolio company of Kinderhook Industries LLC, said May 16 that it acquired John F. Mahaney Co. Financial terms weren’t announced. John F. Mahaney, of Sacramento, California, distributes professional-grade tools and supplies to the agricultural and industrial markets.

PRESS RELEASE

All States Ag Parts Acquires John F. Mahaney Company

May 16, 2019

Hudson, WI – All States Ag Parts, LLC (“ASAP” or the “Company”), a portfolio company of Kinderhook Industries, LLC (“Kinderhook”), announced today the acquisition of John F. Mahaney Company (“Mahaney”), a Sacramento, CA-based distributor of professional-grade tools and supplies to the agricultural and industrial markets. Mahaney represents the second add-on acquisition for ASAP and Kinderhook’s 73rd acquisition in the automotive aftermarket.

Mahaney has been in operation for over 65 years. Its customer base includes hardware and farm supply stores, feed stores, auto parts stores, large growers, government accounts, and industrial contractors.

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Golden Gate to exit ArrMaz in $570 mln sale


This post is by Luisa Beltran from PE Hub Blog: PE-Backed Mergers and Acquisitions


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Golden Gate Capital said May 16 that it agreed to sell ArrMaz to Arkema Group for about $570 million. ArrMaz produces specialty chemicals for the mining, crop nutrients, asphalt paving, and other industries.

PRESS RELEASE

Golden Gate Capital to Sell ArrMaz to Arkema Group
Business Wire
16 May 2019

SAN FRANCISCO–(BUSINESS WIRE)–Golden Gate Capital, a leading private equity investment firm, today announced that ArrMaz, a global leader in specialty chemicals, has entered into a definitive agreement to be acquired by Arkema Group (“Arkema”) (PA:AKE) for approximately $570 million. Arkema is a global manufacturer of specialty chemicals and advanced materials used across a range of industries. ArrMaz’s management team, led by Chief Executive Officer Dave Keselica, will continue to lead ArrMaz after the transaction is completed.

ArrMaz is a trusted partner to the mining, crop nutrients, asphalt paving, and other growing industries worldwide, providing chemical process aids and additives formulated to

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Clearlake-backed Wheel Pros merges with MHT Luxury Wheels


This post is by Luisa Beltran from PE Hub Blog: PE-Backed Mergers and Acquisitions


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Wheel Pros, a Clearlake Capital portfolio company, has combined with MHT Luxury Wheels Inc. Financial terms weren’t announced. MHT shareholders have invested in the combined company while founder Art Hale Jr, MHT’s CEO continues to be involved in product design and operations and is a member of the board of directors of the combined company. MHT, of Rancho Dominguez, California, is a custom wheel manufacturer.

PRESS RELEASE

CLEARLAKE CAPITAL-BACKED WHEEL PROS TO COMBINE WITH MHT LUXURY WHEELS

Transformative Transaction will Create the Largest Provider of Aftermarket Custom Wheels

SANTA MONICA, CA, GREENWOOD VILLAGE, CO, and RANCHO DOMINGUEZ, CA – May 16, 2019– Wheel Pros and MHT Luxury Wheels, Inc. (“MHT”), two leading designers, marketers, and distributors of branded automotive aftermarket wheels and accessories, today announced that they have combined to form the largest automotive aftermarket wheel platform in the world. This transformative transaction brings together the leading brands

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VC-backed Kahoot! buys children’s reading app Poio


This post is by Iris Dorbian from PE Hub Blog: PE-Backed Mergers and Acquisitions


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Learning platform Kahoot! has acquired Oslo, Norway-based Poio, a reading app for children. No financial terms were disclosed. Kahoot!’s backers include Microsoft, Disney and Northzone.

PRESS RELEASE

Oslo, Norway, May 15, 2019 – Kahoot!, the global learning platform, today announced its acquisition of Poio, the acclaimed learn-to-read app for all children. In record time, Poio has created a unique community in Scandinavia, helping more than 100,000 children to learn to read through play. In June, Kahoot! and Poio will launch the English edition of Poio, and make it available to Kahoot!’s hundreds of millions of users world-wide.
Through the acquisition, Poio will become part of the Kahoot! learning experience, next to the DragonBox family of math apps and school curriculum.

“We’re impressed by how Poio has already helped more than 100,000 children in Scandinavia to learn how to read in an awesome way,” said Åsmund Furuseth,

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PEC Safety and Veriforce merge


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PEC Safety, a portfolio company of Thoma Bravo and Veriforce, which is backed by Greenridge Investment Partners, have merged. The newly combined company will focus on reducing risk in hazardous work environments. No financial terms were disclosed. Colby Lane will serve as CEO while Louie Werderich will become vice chairman.

PRESS RELEASE

MANDEVILLE, LA. AND HOUSTON (PRWEB) MAY 15, 2019
PEC Safety and Veriforce, recognized leaders in delivering safety and compliance solutions to industrial markets, today announced that they have merged to create a new organization with a unified mission of reducing risk in hazardous work environments to help bring workers home safely each day. The combined company has the industry’s largest interconnected safety and compliance network comprised of 350 hiring clients, 25,000 contractor companies, 11,000 accredited safety trainers and authorized evaluators, 400 industry-standard training courses, and 1.5 million individual workers and will provide the most

™

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PE-backed Y-COM acquires General Utility Construction


This post is by Iris Dorbian from PE Hub Blog: PE-Backed Mergers and Acquisitions


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Y-COM Holdings LLC, which is backed by Cotton Creek Capital, has acquired Orlando, Florida-based General Utility Construction, a provider of telecommunications maintenance and construction services. No financial terms were disclosed. Generational Equity advised GUCI on the deal.

PRESS RELEASE

DALLAS–(BUSINESS WIRE)–Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, General Utility Construction, Inc. (“GUCI”), to Y-COM Holdings, LLC, a portfolio company of Cotton Creek Capital. Founded in 2008, GUCI specializes in aerial and underground cable and fiber construction. The combination provides Y-COM with complementary service capabilities, increased scale, and a strengthened presence for customers throughout Florida.

“GUCI’s reputation for quality and customer service aligns with the standard Y-COM has set over our 40+ years of serving clients,” said Steve Young, President of Y-COM. “We welcome the GUCI team to the Y-COM family and believe the

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PE-backed Polytek acquires ETI


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Polytek Development Corp, which is backed by Arsenal Capital Partners, has acquired Fields Landing, California-based Environmental Technology Inc, a provider of coating, casting and molding products for the professional artist, crafter and hobbyist. No financial terms were disclosed.

PRESS RELEASE

EASTON, Pa. and FIELDS LANDING, Calif., May 14, 2019 /PRNewswire/ — Polytek® Development Corp. (“Polytek”), a manufacturer of specialty polymers for mold making and casting applications, announced today the acquisition of Environmental Technology, Inc. (“ETI”). Polytek is a portfolio company of Arsenal Capital Partners.

Founded in 1969 and located in Fields Landing, CA, ETI formulates innovative coating, casting and molding products for the professional artist, crafter and hobbyist. Their widely-known products, which are available in major retail outlets throughout the world, include EnviroTex® Epoxy Coating, EasyCast® Clear Casting Epoxy, EasySculpt® Epoxy Modeling Clay, EasyMold® Silicone Rubber, Putty and Paste and FastCast® Casting Urethane.

This acquisition further fortifies

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Corsica Technologies buys EDTS Cyber


This post is by Iris Dorbian from PE Hub Blog: PE-Backed Mergers and Acquisitions


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Corsica Technologies has acquired EDTS Cyber, a provider of security services and sister company EDTS, an IT service provider. No financial terms were disclosed. Corsica Technologies was backed by Inverness Graham.

PRESS RELEASE

CENTREVILLE, Md., May 14, 2019 /PRNewswire/ — Corsica Technologies, a globally recognized leader in IT Services has recently acquired EDTS Cyber, a provider of security services, and their sister company EDTS, a leading IT Service Provider. This partnership brings together three world-class technology and cybersecurity companies that will operate under the Corsica Technologies platform.

With the addition of EDTS Cyber, an award-winning cybersecurity practice, Corsica Technologies will now offer 24x7x365 security monitoring, threat prevention, assessments, incident response, and consulting services. Corsica, a Maryland based company, will also increase their footprint with this acquisition to include 7 additional locations in the Southeast.

Dale Walls, CEO of Corsica, will continue as CEO for the combined entities.

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