SightMD partners with Peconic Ophthalmology


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


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SightMD, a portfolio company of Chicago Pacific Founders, said March 22 that it is partnering with Peconic Ophthalmology. Financial terms weren’t announced. The deal adds one physician, Louis Pizzarello, M.D., and two locations in Riverhead and Southampton, New York, to SightMD.

PRESS RELEASE

HAUPPAUGE, N.Y. (PRWEB) MARCH 22, 2019

SightMD (or the “Company”), a leading multi-specialty ophthalmology platform and a portfolio company of Chicago Pacific Founders, today announced a strategic partnership with Peconic Ophthalmology (“Peconic”). The partnership adds one physician and two locations in Riverhead and Southampton to SightMD’s team of over 50 physicians and 28 convenient locations in New York.

Peconic is one of the Suffolk County’s preeminent providers of comprehensive ophthalmic care, including cataract and corneal surgery, glaucoma services, and treatment for conditions affecting the retina. Peconic’s founding physician, Louis Pizzarello, M.D., is a Suffolk County native who has practiced ophthalmology in

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Pleatco to buy APEL International, Milton Manufacturing


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Pleatco, a portfolio company of Align Capital Partners, said March 18 that it acquired APEL International and Milton Manufacturing. Financial terms weren’t announced. APEL, of Louisville, Kentucky, designs and makes pleated filter cartridges, pleated bags, and other filtration products for mission-critical industrial air applications. Milton, of Milton, Ontario, provides spun bond, paper, felt, and pleated bag filters for OEM customers.

PRESS RELEASE

Align Capital Partners’ Pleatco Platform Expands into Industrial Air Filtration; Closes Two Acquisitions

CLEVELAND and DALLAS, March 18, 2019 – Align Capital Partners (“ACP”) is pleased to announce its portfolio Company Pleatco, LLC (“Pleatco” or “the Company”), the market leading manufacturer of aftermarket cartridge filters for the pool and spa industry, has expanded into the industrial air filtration market with the acquisitions of APEL International (“APEL”) and Milton Manufacturing (“Milton”).

APEL designs and manufactures pleated filter cartridges, pleated bags, and other filtration products for mission-critical industrial

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™

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Pine Tree Equity exits XCEL NDT


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Crossbridge Compliance LLC has acquired XCEL NDT LLC. Financial terms weren’t announced. XCEL, of Clifton, Kansas, provides non-destructive testing and pipeline integrity services to the oil and gas industry. Pine Tree Equity Partners, which invested in Crossbridge in 2014, is the seller.

PRESS RELEASE

Pine Tree Equity III, LP (“Pine Tree Equity”), a private equity firm based in Miami, FL, is pleased to announce that Crossbridge Compliance, LLC (“Crossbridge”) has acquired XCEL NDT, LLC (“XCEL”) in March 2019. XCEL, founded in 2012 and headquartered in Clifton, KS with six additional offices throughout the Midwest, is a leading regional provider of non-destructive testing and pipeline integrity services to the oil and gas industry. Crossbridge, headquartered in Longview, TX, is a leading regional provider of non-destructive testing and safety compliance, inspection and training services to the oil and gas, power generation, pulp and paper and rail industries. For additional information on

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Weld North Education closes Glynlyon buy


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Weld North Education said March 20 that it closed its buy of Glynlyon Inc. The deal was announced in February.

PRESS RELEASE

NEW YORK, March 20, 2019 – Weld North Education (“WNE”), a leading pre-K–12 digital curriculum company focused on unlocking the power of technology for learning, today announced that it has completed its acquisition of Glynlyon, Inc.

Glynlyon is a world-class digital curriculum company serving more than 1 million students in the institutional and consumer education markets across its two brands: Odysseyware and AOP.

“We are excited to complete our acquisition of Glynlyon,” said Jonathan Grayer, CEO of Weld North Education. “Glynlyon is an innovative organization and we are very fortunate to now count them as part of the Weld North Education family. We remain committed to investing in the power of digital education and continuous feedback, while driving innovative and transformative educational solutions.”

On March 6, Weld

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JMP Group sells 50.1 pct of JMP Credit Advisors to Medalist Partners


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JMP Group LLC said March 20 that it sold 50.1 percent of JMP Credit Advisors LLC to Medalist Partners LP and 4.9 percent to management employees. JMP Group will retain 45 percent. JMPCA was renamed Medalist Partners Corporate Finance LLC. Based out of Atlanta, Medalist Partners is an RIA that manages three CLOs with $1.2 billion in combined assets.

PRESS RELEASE

SAN FRANCISCO–(BUSINESS WIRE)–JMP Group LLC (NYSE: JMP), an investment banking and alternative asset management firm, announced today that it has sold a 50.1% equity interest in JMP Credit Advisors LLC (“JMPCA”) to Medalist Partners LP, an alternative asset management firm specializing in structured credit and asset-backed lending, and a 4.9% interest to management employees of JMPCA. A wholly-owned subsidiary of JMP Group will retain a 45.0% interest in JMPCA.
As a result of the transaction, JMPCA has been renamed Medalist Partners Corporate Finance

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MC Group buys Coastal Signage + Wayfinding


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MC Group, an Arcapita portfolio company, said March 20 that it acquired Coastal Signage + Wayfinding. Financial terms weren’t announced. Coastal Signage + Wayfinding, of Oceanside, California, provides signage, graphics as well as fixtures and displays for customers.

PRESS RELEASE

MANAMA, Bahrain, March 20, 2019 /PRNewswire/ — Arcapita, the global investment firm, today announced that its portfolio company, MC Group, has made its second acquisition in just over a year through the purchase of Coastal Signage + Wayfinding.
This transaction represents the latest step in an aggressive expansion strategy by Arcapita for MC Group. In 2017, Arcapita took a controlling interest in MC Group, the leading nationwide provider of signage and lighting services in the United States.
The addition of Coastal Signage + Wayfinding, a full service solutions provider based out of Oceanside, CA, broadens MC Group’s suite of services further following the acquisition of Integra Service Group, which

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Cresset Asset buys Evanston Advisors


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Cresset Asset Management said March 19 that it acquired Evanston Advisors. Financial terms weren’t announced. Evanston is an RIA with more than $500 million in client assets under management.

PRESS RELEASE

CHICAGO–(BUSINESS WIRE)–Cresset Asset Management (“Cresset”) announced today the acquisition of Evanston Advisors (“Evanston”), a Chicago-area SEC Registered Investment Advisor (“RIA”). This exciting partnership enhances Cresset’s ability to serve clients in the Chicago market and across the greater Midwest. Cresset anticipates continuing to pursue other similar partnership and investment opportunities in various markets across the country.

Evanston was founded in 1982 and has more than $500 million in client assets under management. It consistently ranks highly for client satisfaction and operational excellence among its peers. Evanston is led by Co-Founder Keith Cantrell and Principals Nathan Snodgrass and Dave Jackson. The firm has 11 team members in total, all of whom have joined the Cresset team to continue serving existing clients

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Janney Montgomery Scott to buy FIG Partners


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Janney Montgomery Scott LLC said March 19 that it agreed to buy FIG Partners LLC. Financial terms weren’t announced. FIG, of Atlanta, is an investment banking and research firm.

PRESS RELEASE

PHILADELPHIA–(BUSINESS WIRE)–Janney Montgomery Scott LLC, a leading full-service wealth management, capital markets, and asset management firm, announced today that it has agreed to acquire FIG Partners LLC, an Atlanta-based investment banking and research firm.

The experienced team at FIG Partners brings nationally recognized expertise within the community bank sector to Janney’s existing financial institutions sector coverage. The transaction, expected to close in the second quarter, is Janney’s second investment bank acquisition in less than 12 months, following the addition of HighBank Advisors in May 2018.
“We are thrilled to add FIG Partners to the Janney team. This is a unique opportunity for two firms with shared values and similar cultures to join together,” said Timothy C. Scheve, Janney’s President

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CI Capital sells Tech Air to Airgas


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


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CI Capital Partners said March 19 that it closed the sale of Tech Air to Airgas, an Air Liquide company. Financial terms were not announced. Tech Air distributes industrial, specialty, and medical gases.

PRESS RELEASE

NEW YORK, March 19, 2019 /PRNewswire/ — CI Capital Partners, a New York-based private equity firm, announced today that it has completed the sale of its portfolio company, Tech Air, to Airgas, an Air Liquide (EPA:AI) company.
CI Capital acquired Tech Air, a distributor of industrial, specialty, and medical gases in December 2010 in partnership with its CEO, Myles Dempsey. Under CI Capital’s ownership, Tech Air completed 28 add-on acquisitions, expanding the company’s geographic reach significantly, from operations in two states to 14 states. Tech Air’s revenue increased twelvefold and EBITDA increased eighteenfold. Today, the company serves more than 45,000 customers in its core business of industrial gas distribution and related services.
“This transaction

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Standard Industrial Manufacturing to merge with DH Pump


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


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Standard Industrial Manufacturing Partners LLC, a portfolio company of Hicks Equity Partners, has merged with DH Pump and Supply LLC. Financial terms weren’t announced. Standard Industrial, of Odessa, Texas, makes and distributes replacement parts for a wide range of pumps used in production and completion applications within the oil and gas industry. Hicks Equity is the PE arm of the Thomas O. Hicks family office.

PRESS RELEASE

STANDARD INDUSTRIAL MANUFACTURING AND DH PUMP & SUPPLY COMBINE TO FORM A LEADING PUMP EXPENDABLES PROVIDER

Standard is an investment of Hicks Equity Partners in Dallas, Texas

Odessa and Weatherford, Texas, March 19, 2019 – Standard Industrial Manufacturing Partners LLC (“Standard”) announced today that it has merged with DH Pump and Supply, LLC (“DH Pump”). A private equity fund managed by Hicks Equity Partners LLC (“HEP”), the Dallas-based private equity arm of the Thomas O. Hicks family office, initially invested in

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HG to sell Foundry to Roper Technologies for 410 mln pounds


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


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Roper Technologies is buying Foundry, an HG portfolio company, for 410 million pounds ($544.5 million). Foundry provides high‑end visual effects and 3D design software for media & entertainment, visualisation and design-oriented industries. Arma Partners advised Foundry.

PRESS RELEASE

Arma Partners is pleased to announce that it has acted as exclusive financial advisor to Foundry, a portfolio company of Hg, on its sale to Roper Technologies Inc. (NYSE:ROP), a diversified technology company, for £410 million.

Foundry is a leading provider of high‑end visual effects and 3D design software for Media & Entertainment, visualisation and design-oriented industries. It provides award-winning creative software for film post‑production visual effects with its Nuke product range and a series of complementary products. Foundry’s Digital Design products offer advanced 3D modelling, visualisation and design variation capabilities to designers and artists across a broad range of sectors including footwear and apparel. With Athera, Foundry is the

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Gryphon-backed Smile Brands buys Gateway Dental


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


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Smile Brands Inc, a portfolio company of Gryphon Investors, said March 18 that it acquired Gateway Dental. Financial terms weren’t announced. Gateway Dental, of Seattle, provides general preventative and restorative care, specialty care, cosmetic dentistry and emergency services.

PRESS RELEASE

IRVINE, CALIF. (PRWEB) MARCH 18, 2019
Smile Brands Inc., one of the nation’s leading dental support organizations (DSO) providing business support services to more than 400 affiliated offices across 17 states, is pleased to announce its latest partnership with Gateway Dental in Seattle, Washington.
Smile Brands will provide full-service administrative support to the practice, which includes purchasing, payroll, accounting, IT, billing, facilities management and marketing. Existing staff will remain in place and the business will continue to operate under the Gateway Dental brand.
Dr. G. Glenn Buchanan founded Gateway Dental in 1992 with the goal of bringing healthy, beautiful smiles to patients of all ages. Today, Buchanan

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Continental Services buys Sterling Services


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


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Continental Services, a portfolio company of New Heritage Capital, said March 18 that it acquired Sterling Services. Financial terms weren’t announced. Sterling Services, of Canton, Michigan, provides corporate food services including dining, micro markets, vending and office coffee.

PRESS RELEASE

TROY, Mich.–(BUSINESS WIRE)–Continental Services (“Continental” or the “Company”), Michigan’s largest food management company, today announced it has acquired Sterling Services located in Canton, Mich. Under terms of the deal, the entire Sterling Services leadership team and staff will join the Continental team. Financial terms of the transaction were not disclosed.

“With its track record of innovation, consistent core values, an outstanding market reputation, and robust sales and service teams, Sterling Services is a great fit,” said Steve LaPorte, president of Continental’s refreshment services group. He added, “Now that we are one company, the opportunities for delighting our guests are limitless.”
In business more than three decades,

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MUIS Software to buy Ctrl BV


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MUIS Software, which is backed by Main Capital Partners, said March 18 that it is buying Ctrl BV. Financial terms weren’t announced. Deloitte is the seller. Ctrl, of Heemskerk, the Netherlands, provides an online collaboration platform for financial service providers within the SME market and larger companies.

PRESS RELEASE
MUIS Software acquires Ctrl from Deloitte
MUIS Software and her majority shareholder Main Capital Partners are taking an important step in the expansion of MUIS Software by reaching an agreement with Deloitte on the takeover of Ctrl B.V.
Heemskerk, 18 march 2019
MUIS Software, (SaaS) accounting and administration software provider, based in Heemskerk, joins forces with Ctrl. Combined, the company offers a complete product portfolio for accountants- and administration offices. The management team of Ctrl will remain active in the company with the primary task to continue the growth and development of Ctrl as an independent platform. All

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Gryphon Tech buys Schafer from Belcan


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Gryphon Technologies Inc, a portfolio companies of AE Industrial Partners, is buying Schafer Intermediate Holding LLC. Financial terms weren’t announced. Belcan LLC, also a portfolio company of AE Industrial, is the seller. Schafer provides scientific, advanced engineering, and technical advisory services specializing in protecting against national security threats.

PRESS RELEASE

Gryphon Technologies, Inc. Acquires Schafer from Belcan, LLC

Washington, DC – March 18, 2019 – Gryphon Technologies, Inc. (“Gryphon”),a premier defense engineering and technical services provider supporting national security programs, announced today that it has acquired Schafer Intermediate Holding, LLC (“Schafer” or “the Company”) from Belcan, LLC (“Belcan”). Terms of the transaction, which closed on March 15, were not disclosed.

Schafer is a leading provider of scientific, advanced engineering, and technical advisory services specializing in protecting against national security threats. For more than 45 years, the Company has designed, integrated, maintained, and upgraded state-of-the-art systems and programs

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NEP closes Actagro sale


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Norwest Equity Partners said March 18 that it completed the sale of Actagro to Nutrien. The deal was announced in February. Actagro develops, makes and markets environmentally sustainable soil and plant health products and technologies.

PRESS RELEASE
Norwest Equity Partners Completes Sale of Actagro to Nutrien

– Actagro acquired by the world’s largest provider of crop inputs and services.
– Since NEP’s investment, Actagro has grown into a differentiated soil and plant health technology platform serving a global customer base.
– Actagro is a leader in the agriculture industry, bringing innovative solutions to growers worldwide.
– Nutrien’s acquisition includes Actagro’s strong R&D team, as well as a near-complete, world-class research and development facility located in California that will support the continued development of soil and plant health technologies.
MINNEAPOLIS, March 18, 2019 (GLOBE NEWSWIRE) — Norwest Equity Partners (“NEP”), a leading middle market investment firm founded in 1961, has completed

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U.S. fintech FIS to buy payment processor Worldpay for about $35 billion: Reuters


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(Reuters) – U.S. fintech group Fidelity National Information Services Inc (FIS) has agreed to buy payment processor Worldpay for about $35 billion, in the biggest deal to date in the booming payments industry.

The deal is the latest in a wave of consolidation in the financial software and payments technology sectors as firms bulk up to compete with newcomers seeking to disrupt the way merchants are paid.

U.S.-based Fiserv Inc bought payment processor First Data Corp in January for $22 billion. In Europe, startups such as Italy’s Nexi plan to list, capitalizing on booming interest in the industry fueled by surging online sales.

The FIS offer for Worldpay, which was bought by U.S. credit card processing company Vantiv in 2017 for $10.63 billion, values Worldpay at about $43 billion, when debt is included, the companies said on Monday.

Worldpay’s London listed shares were up 9.

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PE-backed Signify Health buys health tech startup TAVHealth


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Signify Health, a portfolio company of New Mountain Capital, has acquired TAVHealth, a health tech startup. No financial terms were disclosed. Robert W. Baird & Co provided financial advice to TAVHealth on the transaction.

PRESS RELEASE

DALLAS, March 15, 2019 /PRNewswire/ — Signify Health, a leading provider of technology-enabled, in-home care and complex care management services announced today that it has acquired TAVHealth, a leading platform for collaborating with risk-bearing and community-based organizations to address social determinants of health (SDOH). Terms of the acquisition were not disclosed.

Signify Health manages a nationwide network of 4,000 doctors and nurse practitioners delivering healthcare services in the home to over a million unique Medicare Advantage members each year. While in the home, Signify clinicians frequently identify SDOH needs, ranging from food insecurity, transportation issues, and other factors, capture them in Signify’s technology platform, and therefore enable case management referrals. The

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VC-backed Minute Media buys The Big Lead


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


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Minute Media, a global technology and publishing platform, has acquired The Big Lead, a sports and news digital publication. No financial terms were disclosed. Minute Media is backed by Battery Ventures, Dawn Capital, Gemini Ventures, North Base Media, ProSieben, Qumra Capital, Goldman Sachs, La Maison, Vintage Investments and Remagine Ventures.

PRESS RELEASE

NEW YORK & LONDON–(BUSINESS WIRE)–Today, Minute Media, a leading global technology and publishing platform, announced the acquisition of The Big Lead, the popular sports & news digital publication. This acquisition brings yet another trusted media brand under the Minute Media umbrella and strategically aligns with Minute Media’s goal of expanding within key content verticals.

As a part of the acquisition, Minute Media will be acquiring a talented group of The Big Lead content creators, all of whom have been responsible for building The Big Lead’s strong market position. Additionally, Minute Media will take on management of all

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Rent-A-Center not bound by merger deal with Vintage Capital, says judge: Reuters


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Retailer Rent-A-Center Inc was within its rights to back out of a $1.36 billion merger deal with private equity firm Vintage Capital Management last year, a Delaware state court ruled Thursday.

Vice Chancellor Sam Glasscock III of the Delaware Chancery Court said that Vintage’s failure to inform Rent-A-Center that it was extending the merger deal by an agreed-upon date triggered Rent-A-Center’s right to call it off under the two parties’ contract.

Rent-A-Center is a “rent-to-own” business, allowing customers to rent furniture, electronics and other goods with the option of eventually purchasing them.

“We are pleased that the court has affirmed the validity of our termination of the merger agreement with Vintage Capital,” Rent-A-Center Chief Executive Mitch Fadel said in a statement. “Looking ahead, we will continue to focus on executing our strategic plan to grow our business and enhance value for our stockholders.”

Rent-A-Center also maintains that Vintage

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