Pelican sells Houston Global Heat Transfer

Pelican Energy Partners has sold Houston Global Heat Transfer to Forum Energy Technologies. No financial terms were disclosed. Based in Houston, GHT is a provider of industrial heat exchanger and cooling systems used primarily in hydraulic fracturing equipment. PRESS RELEASE HOUSTON, Oct. 10, 2018 /PRNewswire/ — Pelican Energy Partners (“Pelican”), a private equity fund focused on the oilfield service and equipment sector, is pleased to announce the sale of Houston Global Heat Transfer (“GHT”) to Forum Energy Technologies (NYSE: FET). Headquartered in Houston, TX with additional locations in Edmonton, Alberta and Midland, TX GHT designs, engineers, and manufactures premium industrial heat exchanger and cooling systems used primarily in hydraulic fracturing equipment. GHT’s flagship product, the Jumbotron, is a patented, high-performance radiator engineered specifically for the demands of today’s pressure pumping equipment. The Jumbotron’s cube design offers considerable advantages as compared to conventional horizontal frac radiators, including significant cost savings from
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DSW to buy Camuto Group for $375 mln

DSW Inc said Oct. 10 that has agreed to buy the operations of Camuto Group for about $375 million. The deal includes the licensing rights for the Jessica Simpson® footwear business, as well as the footwear and handbag licenses for Lucky Brand® and Max Studio®. DSW and Authentic Brands Group LLC also agreed to buy several IP rights from Camuto under a new partnership. PRESS RELEASE COLUMBUS, Ohio, Oct. 10, 2018 /PRNewswire/ — DSW Inc. (NYSE: DSW), a leading North American footwear and accessories retailer, announced it has entered into a definitive agreement to acquire the operations of Camuto Group, the legendary product design and brand development organization best known for the successful Vince Camuto® brand and the footwear licenses of Jessica Simpson® and Lucky Brand®. Additionally, DSW Inc. and Authentic Brands Group LLC (ABG), a global brand development, marketing and entertainment company, have entered into a definitive agreement to acquire
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PE-backed Strand Life Sciences to buy Quest Diagnostics’ India medical diagnostics business

Quest Diagnostics has agreed to sell its India medical diagnostics business to Strand Life Sciences, a portfolio company of Quadria Capital. No financial terms were disclosed. The deal is expected to close by the end of the first quarter of 2019. PRESS RELEASE SECAUCUS, N.J. and BANGALORE, India, Oct. 5, 2018 /PRNewswire/ — Quest Diagnostics (NYSE: DGX), the world’s leading provider of diagnostic information services, today announced an agreement to sell its India medical diagnostics business to Strand Life Sciences, a Bangalore-based specialized diagnostics company. “This acquisition is an important addition to our network of 24 diagnostic labs across India, especially as we continue to expand our work in oncology, genomics, and precision medicine,” said Dr. Ramesh Hariharan, Chief Executive Officer, Strand Life Sciences. “It adds a large specialized diagnostics practice with 3 reference labs, 45 touch points, and leading corporate and pharmaceutical clients to our portfolio.”
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PE-backed Spectrum buys M&H

Spectrum Medical Partners Inc, a portfolio company of HealthEdge Investment Partners LLC, has acquired Fort Myers, Florida-based M&H Med Housecalls LLC, a provider of physicians and mid-level care providers in the post-acute setting. No financial terms were disclosed. As part of the deal, Stacy Hermina, chief operating officer of M&H, will join Spectrum as COO of Southwest Florida Post-Acute. PRESS RELEASE Tampa, Florida – October 2, 2018 – Spectrum Medical Partners Inc. (“Spectrum” or the “Company”), a portfolio company of HealthEdge Investment Partners, LLC (“HealthEdge”), announced today that it is continuing to expand its hospitalist practice in Florida with the addition of M&H Med Housecalls, LLC (“M&H”). Based in Fort Myers, M&H provides physicians and mid-level care providers to patients in the post-acute setting, including skilled nursing facilities, assisted living facilities, and patient home visits in the greater Ft. Myers and Naples area. The addition of this
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PE-backed OASE buys Atlantic Water Gardens

OASE Living Water, which is backed by Argand Partners, has acquired Mantua, Ohio-based Atlantic Water Gardens, a provider of outdoor water feature products and systems to the North American market. No financial terms were disclosed. PRESS RELEASE Argand Partners, the New York- and San Francisco Bay Area-based middle market buyout firm, today announce that OASE Living Water (“OASE”) has acquired US-based Atlantic Water Gardens (“Atlantic”), a leading supplier of innovative outdoor water feature products and systems to the North American market. Headquartered in Hörstel, Germany, OASE is the global market leader in water gardening products, offering a suite of products that enable the creation of tranquil, inviting outdoor oases, from simple to elaborate. The terms of the transaction were not disclosed. Atlantic Water Gardens has a 30-year history of supplying professional grade water feature products to landscape contractors through distribution channels in the US, Canada and Mexico.
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PE-backed ETech acquires Glenmount Global Solutions

E-Technologies Group, a portfolio company of Falfurrias Capital Partners, has acquired Glenmount Global Solutions Inc, a provider of control and automation solutions to both process and discrete manufacturing. No financial terms were disclosed. PRESS RELEASE CHARLOTTE, N.C. (October 9, 2018) – Falfurrias Capital Partners, a Charlotte-based private equity firm focused on investing in growth-oriented, middle-market businesses, announced that portfolio company E-Technologies Group (ETech) has closed its acquisition of Glenmount Global Solutions, Inc. (GGS). The addition of GGS significantly broadens the scale and industry reach of the automation technology and services platform created by Falfurrias earlier this year with its investment in West Chester, Ohio-based ETech, a leading provider of software and automation systems integration and engineering design services. Additional acquisitions are an integral part of the strategy for building out a national platform in the automation space. GGS, founded in 2003 and based in Austin, Texas, delivers control
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IOP sells Alexandria Moulding to U.S. Lumber Group

Industrial Opportunity Partners has sold Alexandria Moulding to U.S. Lumber Group. No financial terms were disclosed. Based in Alexandria, Ontario, Alexandria Moulding is a North American supplier of moldings and related millwork. PRESS RELEASE Evanston, Ill., October 9, 2018 – Industrial Opportunity Partners (“IOP”), an operations-focused private equity firm based in Evanston, Ill., today announced that it has completed the sale of portfolio company Alexandria Moulding (“Alexandria Moulding” or the “Company”) to U.S. Lumber Group (“USL”), a distributor of specialty building products in North America. The divestiture represents IOP’s fourth investment realization from its $275 million second fund, Industrial Opportunity Partners II, L.P. Terms of the transaction were not disclosed. IOP acquired Alexandria Moulding in April 2016. Alexandria Moulding, based in Alexandria, Ont., Canada, is a North American supplier of mouldings and related millwork to the residential markets, with six manufacturing facilities and four
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Summit Partners exits InfoArmor with $525 mln sale to Allstate

Allstate Corp has completed its $525 million buy of InfoArmor. The deal was announced in August. Summit Partners invested in InfoArmor in 2016. InfoArmor, of Scottsdale, Arizona, provides employee protection and cyber intelligence services. PRESS RELEASE Allstate Accelerates Expansion into Identity Protection with Acquisition of InfoArmor
Addresses emerging risks facing consumers
NORTHBROOK, Ill., Aug. 27, 2018 – The Allstate Corporation (NYSE: ALL) has agreed to acquire InfoArmor, Inc., a leading provider of employee identity protection to more than 1 million employees and their family members at over 1,400 firms, including more than 100 of the Fortune 500 companies. The privately held company, headquartered in Scottsdale, Arizona, will be purchased for $525 million in an all-cash transaction expected to close later this year.
“Consumers are increasingly at risk of having their digital identities compromised. Last year there were over 16 million victims of identity fraud, which resulted in over
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H&M buys $20 million stake in Swedish fintech firm Klarna: Reuters

Fashion chain H&M (HMb.ST) is acquiring a small stake in Klarna in what will be the Swedish online payments services firm’s largest partnership so far. H&M is paying around $20 million for a stake of less than 1 percent, a Klarna spokeswoman said, confirming a Financial Times report on Monday. Klarna’s digital platform would be used across all H&M channels and will further integrate the fashion chain’s digital and physical stores, the two companies said in a joint statement. It will be Klarna’s largest partnership following similar deals with UK retailer Asos (ASOS.L) and furniture giant IKEA [IKEA.UL], the Klarna spokeswoman said. The partnership spans across 14 European countries including Britain and Sweden, she said. The FT said the deal had the scope to expand to the United States and Asia and would simplify H&M’s returns and delivery processes as well as combining its in-store, online and
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Clearlake-backed Perforce to buy Perfecto Mobile

Perforce Software, a portfolio company of Clearlake Capital Group LP, agreed to buy Perfecto Mobile. Financial terms weren’t announced. Perfecto, of Israel, provides cloud-based automated mobile and web application test software solutions. Press reports peg the deal at $200 million. PRESS RELEASE MINNEAPOLIS, MN and SANTA MONICA, CA – October 8, 2018 Perforce Software (“Perforce”), a global provider of enterprise-grade DevOps-focused software solutions, backed by Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”), today announced it has reached a definitive agreement to acquire Perfecto Mobile (“Perfecto”), a market leader in cloud-based automated mobile and web application test software solutions. The acquisition augments Perforce’s software portfolio with additional capabilities for enterprise DevOps teams to achieve continuous testing at scale across web, mobile and IoT applications. The acquisition is expected to close this year.   Perfecto is the industry pioneer delivering the only true enterprise-grade mobile &
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PE-backed Bomgar acquires BeyondTrust

Bomgar, which is backed by Francisco Partners, has completed its previously announced acquisition of Phoenix, Arizona-based BeyondTrust, a cybersecurity solutions provider. No financial terms were disclosed. PRESS RELEASE Atlanta, GA – October 4, 2018 – Bomgar, a leader in Privileged Access Management (PAM) solutions, today announced it has completed the acquisition of BeyondTrust, a global leader in Privilege-Centric Security.
On September 13, 2018, Bomgar announced a definitive agreement to acquire BeyondTrust. The companies will operate as a combined entity under the name BeyondTrust. It will be headquartered in Atlanta, GA and led by Matt Dircks, current CEO of Bomgar. The joint product portfolio delivers the complete spectrum of capabilities required of a best-in-class PAM solution to protect and secure privileged access: credential discovery and rotation, privileged session management, endpoint privilege management, secure remote access, and vulnerability management. More than 19,000 organizations worldwide currently use the companies’ combined solutions
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LendingTree to buy insurance comparison marketplace QuoteWizard.com

LendingTree Inc has agreed to acquire Seattle-based QuoteWizard.com, an insurance comparison marketplace, for a consideration of $370.2 million. BofA Merrill Lynn provided financial advice to LendingTree on the transaction while GCA Advisors LLC did likewise for QuoteWizard. PRESS RELEASE CHARLOTTE, N.C., Oct. 4, 2018 /PRNewswire/ — LendingTree, Inc. (NASDAQ: TREE) announced today that it has entered into a definitive agreement to acquire QuoteWizard.com, LLC, one of the largest insurance comparison marketplaces in the growing online insurance advertising market. Since its founding in 2006, QuoteWizard has helped nearly 40 million consumers find their ideal insurance policy with top-tier insurance carriers across key insurance markets: auto, home and health. “By acquiring QuoteWizard, LendingTree will establish itself as a leading player in the online insurance advertising industry, while continuing our ongoing diversification within the financial services category,” said Doug Lebda, Founder and CEO of LendingTree. “With QuoteWizard’s proprietary
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PE-backed Gerber Technology acquires Avametric

Gerber Technology, which is backed by AIP, has acquired San Francisco-based Avametric, a developer of cloth simulation technology. No financial terms were disclosed. PRESS RELEASE TOLLAND, Conn., Oct. 4, 2018 /PRNewswire/ — Gerber Technology announced today that it has acquired San Francisco based Avametric. Avametric develops the world’s leading cloth simulation technology and enables fashion brands to deliver highly accurate 3D renderings of their products on customizable avatars for e-commerce and augmented reality (AR) applications. This move will position Gerber as the leader in 3D for the fashion and apparel industry. The acquisition follows 12 months of collaboration between the companies after Gerber announced in November 2017 they would be integrating Avametric’s fabric simulation engine into their AccuMark® 3D platform. “Avametric’s strengths and capabilities are the perfect complement to our fully integrated software portfolio. They have the industry’s best talent pool of scientists, designers and developers for
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Riverside sells GOT to Corin

The Riverside Company has sold Global Orthopaedic Technologies to Corin Orthopaedic Holdings Limited. No financial terms were disclosed. GOT is an Australian maker of orthopaedic implants with a particular focus in lower limb arthroplasty. PRESS RELEASE The Riverside Company, a global private equity firm, has sold Global Orthopaedic Technologies (GOT) to Corin Orthopaedic Holdings Limited (Corin). This represents Riverside’s fourth exit in the past twelve months in the Asia-Pacific region. Riverside, in partnership with GOT Chief Executive Andrew Fox-Smith and Chief Operating Officer Duncan Lilley, led a management buy-in of Baulkham Hills, New South Wales-based GOT in 2014. GOT is Australia’s largest sovereign product orthopaedic business – designing, manufacturing and distributing a portfolio of hip and knee implants, supported by adjunct products and technologies. “It has been a pleasure partnering with the GOT team these past four years,” said Riverside Partner Steven Spiteri. “Amidst a challenging market landscape, the business
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Smiths Group to buy aircraft engine parts maker United Flexible in $345 million deal: Reuters

Smiths Group (SMIN.L) said on Thursday it would buy United Flexible Inc, a U.S.-based maker of parts for aircraft engines, from private equity firm Arlington Capital Partners for an enterprise value of $345 million. United Flexible, which has operations in the United States and Europe, makes products that are used in Airbus (AIR.PA) A320neo aircraft and United Technologies’ (UTX.N) Pratt & Whitney PW1000G and F135 engines. The deal comes after the British engineering group’s talks with U.S.-based ICU Medical Inc (ICUI.O) over a possible 7 billion pounds-plus merger of their healthcare businesses fell through last month. Smiths Group expects to fund the deal from existing cash and bank facilities, and said that United Flexible would be integrated into its Flex-Tek division, which provides heating components to the aerospace, construction and medical industries. United Flexible is expected to generate sales of $157 million
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PE-backed CORA buys two physical therapy companies

CORA, a portfolio company of Gryphon Investors, has acquired two outpatient physical therapy companies in Tennessee: Clinton Physical Therapy Center and Associated Therapeutics Inc. No financial terms were disclosed. PRESS RELEASE SAN FRANCISCO, Oct. 4, 2018 /PRNewswire/ — CORA Health Services, Inc., doing business as CORA Physical Therapy (“CORA”), a top-10 national operator of outpatient physical therapy services, announced today that it recently acquired two outpatient physical therapy companies in Tennessee: Clinton Physical Therapy Center and Associated Therapeutics Inc. Clinton Physical Therapy Center (“CPTC”), located In Clinton, TN (www.clintonpt.com) was founded in 1988 by Kelly Lenz and Joyce KIee. In addition to standard physical therapy services, CPTC offers aquatic therapy, pediatric therapy, women’s health, and industrial rehab, including work conditioning and return to work programs. Associated Therapeutics Inc. (“Associated”), located in Knoxville, TN (www.associatedtherapeutics.com), was opened in 1985 by Thomas Kelly and Andrew Smith.
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PE-backed CDI sells Talent & Technology Solutions to Artech Info

CDI Corp, a portfolio company of AE Industrial Partners LP, has sold its Talent & Technology Solutions business unit to Artech Information Systems LLC. Financial terms weren’t announced. TTS, comprised of a team of approximately 2,500 professionals, provides IT and engineering talent sourcing services and technology solutions to clients across North America. Blank Rome served as legal adviser and Fairmount Partners served as financial adviser to Artech. Ballard Spahr LLP acted as legal adviser and Houlihan Lokey was financial adviser to CDI. PRESS RELEASE Philadelphia, PA – October 4, 2018 – CDI Corporation (“CDI”), a leading provider of engineering, information technology, and staffing services, today announced the sale of its Talent & Technology Solutions business unit (“TTS”) to Artech Information Systems, LLC (“Artech”).  Terms of the transaction, which closed October 1, were not disclosed. CDI is a portfolio company of AE Industrial Partners, LP (“AEI”), a private
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NRC Group closes buy of Quail Run Services

NRC Group Holdings LLC said Oct. 3 that it completed its buy of Quail Run Services LLC. Financial terms weren’t announced. Quail run provides wellsite wastewater treatment services throughout five disposal sites in the Eagle Ford Shale and Permian Basin. Hennessy Capital Acquisition Corp III, a blank check company from Daniel J. Hennessy, agreed in June to buy NRC from J.F. Lehman & Co. PRESS RELEASE NEW YORK–(BUSINESS WIRE)–Hennessy Capital Acquisition Corp. III (NYSE American: HCAC.U, HCAC, HCAC.WS) (“HCAC” or the “Company”) today announced that NRC Group Holdings, LLC (“NRC Group”) has completed the acquisition of Quail Run Services, LLC (“Quail Run”). Quail Run is a leading provider of wellsite wastewater treatment services throughout five disposal sites in the Eagle Ford Shale and Permian Basin. Its state-licensed facilities are designed to properly treat domestic wastewater and then discharge/reuse the processed effluent that meets or exceeds
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Edelman invests in Bitwise Asset Management

Ric Edelman has invested in Bitwise Asset Management. Edelman is the founder of Edelman Financial Services. Bitwise provided one of the first cryptocurrency index funds. PRESS RELEASE SAN FRANCISCO, Oct. 3, 2018 /PRNewswire/ — Bitwise Asset Management, the leader in cryptocurrency index funds, announced today that legendary financial advisor and best-selling author Ric Edelman has invested in Bitwise and is serving as an advisor to the company.
Edelman is the founder of Edelman Financial Services, recently named the No. 1 Registered Investment Advisor (RIA) firm in the country for 2018 by Barron’s, with $22 billion in assets under management. He will work with Bitwise in its efforts to educate and support financial advisors looking to bring diversified exposure of cryptoassets to client portfolios.
“I’m thrilled to be an advisor to Bitwise and help further its mission to bring institutional-caliber crypto exposure to investors in the U.S. and around the globe,” said Edelman. “There is a technological
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PE-backed Time Manufacturing/Versalift acquires Aspen Aerials

Time Manufacturing/Versalift, a portfolio company of The Sterling Group, has acquired Duluth, Minnesota-based Aspen Aerials, a maker of specialty equipment used to inspect the safety and integrity of bridges. No financial terms were disclosed. PRESS RELEASE HOUSTON, Oct. 3, 2018 /PRNewswire/ — The Sterling Group, a middle market private equity firm based in Houston, Texas, today announced that its portfolio company, Time Manufacturing/Versalift, has completed the acquisition of Aspen Aerials. Headquartered in Waco, Texas, Time is a global designer, manufacturer, and distributor of vehicle-mounted aerial lifts primarily for the telecom and electric utility end markets. Time has pioneered several brands within the aerial lift market, including the market leading Versalift brand. Sterling acquired the business in 2017 from family owners to drive both organic and acquisition related growth. Headquartered in Duluth, Minnesota, Aspen Aerials is the leading manufacturer of specialty equipment used to inspect the safety and integrity
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