KLH Continues the Build of Thorpe Specialty Services
Private Equity Professional
by John McNulty
4m ago
Thorpe Specialty Services, a portfolio company of KLH Capital, has acquired Walburn Industrial Services. KLH acquired Thorpe Specialty Services from the CapStreet Group in September 2022. Thorpe provides refractory, corrosion, scaffolding, and insulation services to North American-based companies that utilize assets that operate in high-temperature, high-abrasive, and highly corrosive environments. Many of Thorpe’s customers are active…... This content is for members only. Visit the site and log in/register to read ..read more
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SK Sells Foremark to Crown’s CC Industries
Private Equity Professional
by John McNulty
4m ago
SK Capital Partners has closed its sale of Foremark Performance Chemicals to CC Industries. Foremark is a producer of patented and proprietary natural gas sweeteners, various chemical building blocks including formalin, and slow-release fertilizers. The company’s natural gas sweeteners are used to remove undesirable compounds, particularly hydrogen sulfide (H2S) and carbon dioxide (CO2), from natural…... This content is for members only. Visit the site and log in/register to read ..read more
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Goldner Hawn Beats Target on Fund VIII
Private Equity Professional
by John McNulty
4m ago
Goldner Hawn has held an above target close of its eighth investment fund with $364 million in capital commitments. Limited partners in Fund VIII include financial institutions, foundations, state pension plans, insurance companies, as well as family offices and high net worth individuals. Minneapolis-headquartered Goldner Hawn is led by partners Jason Brass, Chad Cornell, Joe…... This content is for members only. Visit the site and log in/register to read ..read more
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“X” Marks the Spot at HighVista
Private Equity Professional
by John McNulty
4m ago
HighVista Strategies has held a final and oversubscribed closing of HighVista Private Equity X LP with $675 million of capital commitments. In addition to several new limited partners, Fund X was backed by a group of longstanding investors, including pension funds, endowments, foundations, and family offices. Like all its earlier funds, Fund X invests in…... This content is for members only. Visit the site and log in/register to read ..read more
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Apollo Takes U.S. Silica Private
Private Equity Professional
by John McNulty
4m ago
Publicly traded U.S. Silica has agreed to be acquired by Apollo Management in an all-cash transaction at an enterprise value of $1.85 billion. U.S. Silica (NYSE: SLCA) is an industrial minerals company with core capabilities in mining, processing, logistics and material science. The company sells more than 1,500 products to customers that are active in…... This content is for members only. Visit the site and log in/register to read ..read more
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Sterling Strikes Gold with Fund VI Hard Cap
Private Equity Professional
by John McNulty
1w ago
The Sterling Group has held an oversubscribed, above target and hard cap close of its sixth fund, Sterling Group Partners VI LP,  with $3.5 billion of capital. Sterling’s earlier fund closed in June 2020 with $2.0 billion of capital. The majority of Fund VI’s capital was provided by returning limited partners and includes several new…... This content is for members only. Visit the site and log in/register to read ..read more
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Forward Consumer Partners is Now the Artisanal Cracker King
Private Equity Professional
by John McNulty
1w ago
Forward Consumer Partners has acquired artisanal baked goods maker Firehook Bakery. Alexandria, Virginia-headquartered Firehook was founded by Pierre Abushacra in 1992 as a neighborhood bakery specializing in organic sourdough breads and simply made baked goods. Over the past decade, Firehook has expanded nationally at a 50% CAGR and is now the leading brand of artisanal…... This content is for members only. Visit the site and log in/register to read ..read more
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Allied Industrial Adds to Celebrity Coaches
Private Equity Professional
by John McNulty
1w ago
Celebrity Coaches, a portfolio company of Allied Industrial Partners, has added on with the buy of  Moonstruck Leasing, a motorcoach leasing company. Nashville-headquartered Moonstruck was founded in 2019 by Josh Trivett who now joins Celebrity as a general manager. Mr. Trivett will be active at Celebrity leading its business development function. “The consolidation of Celebrity’s…... This content is for members only. Visit the site and log in/register to read ..read more
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Placement Agent Asante Gets a Fifth Partner
Private Equity Professional
by John McNulty
1w ago
Asante Capital Group, a provider of private equity placement and advisory services, has promoted Laura Leyland to partner. Ms. Leyland joined Asante more than a decade ago and worked on numerous mid-market private equity fundraisings for growth, buyout, and real assets funds in Europe and the United States totaling more than $23 billion. “We are…... This content is for members only. Visit the site and log in/register to read ..read more
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Netform Adds-On with Buy of Vickers Engineering
Private Equity Professional
by John McNulty
1w ago
Netform, a portfolio company of Torque Capital, has acquired Vickers Engineering. Torque Capital acquired Netform (then Metal Forming & Coining Corporation) in December 2022. Vickers is a manufacturer of precision machined steel and aluminum components and assemblies used by OEMs and Tier 1 suppliers that operate in the automotive, defense, oil and gas, and rail…... This content is for members only. Visit the site and log in/register to read ..read more
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