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Private Equity News
Nytimes
2d
66
Image Credit: Nytimes
2 Families, in Business 50 Years, Fight for Control of Korea Zinc
- Two families, known as the Chois and the Changs, are in a battle for control of Korea Zinc.
- The feud between the families has broader implications for South Korea's big conglomerates.
- Korea Zinc is a company of geopolitical significance, supplying critical metals to global supply chains.
- The Choi family will seek to retain management rights for Korea Zinc at a shareholder meeting.
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TechBullion
5d
37
Image Credit: TechBullion
Aaron Moore on Redefining Private Equity Strategies with AI
- Private equity firms need to adapt to the power of AI tools for company evaluation.
- AI can uncover blind spots in potential investments, leading to better decision-making.
- Tiny companies with AI tools have the potential to disrupt industries with minimal resources.
- To succeed with AI, companies should have a clear strategy, prioritize use-cases, and focus on ROI.
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Funded
7d
162
Image Credit: Funded
Elevate Your Startup Network with Pro Event Strategies
- Networking is essential for startup success, and events provide great networking opportunities.
- Set clear goals before attending events to maximize networking efforts.
- Craft a concise and compelling elevator pitch to leave a lasting impression.
- Utilize social media to research attendees, engage during the event, and follow up afterwards.
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9 Likes
Peprofessional
7h
260
Strata Information Group Switches Sponsors
- Fort Point Capital has sold Strata Information Group (SIG) to Ridgemont Equity Partners.
- Strata Information Group (SIG) provides specialized IT services to colleges and universities, focusing on ERP, CRM, cybersecurity, software implementation, cloud migration, and ongoing IT support.
- During Fort Point's ownership, SIG expanded its service capabilities through three add-on acquisitions, nearly doubling revenues and increasing EBITDA.
- Ridgemont Equity Partners plans to accelerate SIG's growth in the higher education sector and support strategic acquisitions.
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15 Likes
Peprofessional
8h
28
American Pacific Acquires ServerLIFT
- American Pacific Group acquires ServerLIFT, a provider of material handling and lifting equipment for IT infrastructure.
- ServerLIFT designs, manufactures, and distributes material handling and lifting equipment tailored to the needs of IT infrastructure, particularly for data centers.
- American Pacific Group's investment in ServerLIFT was done in partnership with the company's founders, CEO Ray Zuckerman and his son, Vice President David Zuckerman.
- The partnership aims to accelerate ServerLIFT's growth plans, enhance manufacturing capabilities, and develop next-generation solutions for data center operations.
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1 Like
Peprofessional
8h
229
JW Hill Sells Bandy Manufacturing to KKR’s Novaria Group
- Novaria Group, a portfolio company of KKR, has acquired Bandy Manufacturing from JW Hill Capital.
- Bandy Manufacturing is a manufacturer of precision hinges and pins for aerospace applications.
- JW Hill Capital acquired Bandy Manufacturing in 2017 and expanded its portfolio with the acquisition of LaDeau Manufacturing.
- Novaria Group aims to enhance its aerospace and defense offerings through the acquisition of Bandy Manufacturing.
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13 Likes
Peprofessional
8h
141
Shore Launches Commercial Plumbing Platform
- Private equity firm Shore Capital Partners has acquired Ackerman Plumbing, a Florida-based provider of commercial plumbing services.
- Ackerman Plumbing focuses on serving the healthcare, education, and hospitality sectors and has locations in Sarasota, Florida, and Buffalo, New York, employing over 180 people.
- Shore Capital Partners plans to build Ackerman Plumbing as the premier commercial plumbing services provider in the southeast region.
- The acquisition allows Shore Capital to expand its portfolio in the industrial services sector and strengthen its presence in the Florida market.
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8 Likes
Peprofessional
3d
307
KLH’s Latest Portfolio Company is Solid as a Rock
- KLH Capital has acquired Concrete Protection & Restoration, a provider of concrete restoration services.
- Concrete Protection & Restoration specializes in concrete restoration and technical structural services for high-rise buildings, parking structures, and industrial facilities.
- The acquisition allows CPR to scale rapidly with operational assistance and financial support from KLH Capital.
- CPR's primary customers are in the multi-family residential, hospitality, and industrial sectors.
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18 Likes
Peprofessional
3d
131
Stellex Buys Industrial Construction Services from Stone Arch
- Stellex Capital Management has acquired Industrial Construction Services (ICS) from Stone Arch Capital.
- ICS provides electrical and instrumentation contracting and maintenance services to companies in healthcare, energy, and industrial sectors.
- Stellex plans to expand ICS's service capabilities and geographic footprint through add-on acquisitions.
- The acquisition reflects the growing trend of private equity investment in the electrical services sector.
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Hitconsultant
7d
233
Healthcare PE Firm Revelstoke Partners Invests in Omega Systems for Managed IT & Cybersecurity
- Omega Systems, a provider of managed IT and cybersecurity services, has received a significant investment from Revelstoke Capital Partners.
- With the support of Revelstoke, Omega plans to accelerate its expansion strategy, enhance security and compliance offerings, and target regulated industries like financial services and healthcare.
- Omega had a successful four-year partnership with Pfingsten Partners, during which it achieved growth, expanded service capabilities, and completed strategic acquisitions.
- The partnership with Revelstoke will allow Omega to increase its presence in key markets, develop advanced cybersecurity solutions, offer specialized support for regulated industries, and invest in innovative IT services.
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14 Likes
Peprofessional
7d
37
Lion Equity Partners Completes Acquisition of Global Compression Services from Warren Equipment Company
- Lion Equity Partners has completed the acquisition of Global Compression Services from Warren Equipment Company.
- Global Compression Services is a distributor of OEM and aftermarket parts for natural gas engines and compressors.
- The acquisition will strengthen GCS and enable them to pursue new growth opportunities.
- Lion Equity Partners specializes in control investments in corporate carve-outs and special situations.
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2 Likes
Peprofessional
7d
146
Harbour Group Enters the Pet Grooming Sector with Newest Platform
- Harbour Group, a private equity firm, has entered the pet grooming sector with the acquisition of Senproco and its wholesale distribution division, Groomer’s Choice Pet Products.
- Senproco and Groomer’s Choice manufacture and distribute a range of pet grooming products and supplies used by professional pet groomers, including shampoos, conditioners, sprays, and grooming tools.
- Senproco owns popular coat care brands such as Bark2Basics, Coat Handler, and Green Groom.
- Harbour Group plans to leverage its expertise and strategic support to further grow Senproco's business in the pet grooming industry.
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8 Likes
Peprofessional
1w
304
Argosy Healthcare Promotes Greg Mayer to Partner
- Argosy Healthcare Partners (AHP) has promoted Greg Mayer to Partner.
- Mr. Mayer joined AHP in January 2022 to establish and lead the firm’s portfolio support group.
- He has been recognized for his outstanding job in designing, building, and executing the program.
- Argosy Healthcare Partners makes majority control investments in healthcare companies.
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18 Likes
Peprofessional
1w
370
Kinderhook Sells VAI to L Catterton’s RealTruck
- Kinderhook Industries has agreed to sell Vehicle Accessories (VAI) to RealTruck, a portfolio company of L Catterton.
- VAI is a leading manufacturer of automotive accessories, serving major automotive brands and OEMs like Toyota, Ford, and General Motors.
- RealTruck designs, manufactures, and distributes branded aftermarket accessories and operates under the leadership of CEO Carl-Martin Lindahl.
- The transaction is expected to close in the first quarter of 2025.
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22 Likes
Peprofessional
1w
260
Rotating Machinery Services Switches Sponsors
- Arcline Investment Management has acquired Rotating Machinery Services (RMS) from Cortec Group.
- RMS specializes in aftermarket repair, maintenance, and overhaul services for large, highly engineered rotating equipment.
- During Cortec's ownership, RMS completed several acquisitions and doubled in size.
- Arcline focuses on control investments in companies with recurring revenue and aims to continue RMS's growth.
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