October 9, 2019 | Year 12 | Volume 10 | Issue 7

VMG Forms Velocity Snack Brands, Buys Popchips VMG Partners has formed Velocity Snack Brands to acquire the Popchips brand in North America and most international markets outside of the United Kingdom and Europe. The brand was acquired from Verlinvest, a consumer-focused private equity firm. Popchips is a salty snack food company that produces and markets all-natural, popped chips in… Read More

Levine Leichtman Exits Nobles Worldwide Levine Leichtman Capital Partners (LLCP) has sold Nobles Worldwide to publicly traded Ducommun. LLCP acquired Nobles Worldwide in March 2014. Nobles is a supplier of ammunition handling systems used in military aircraft, helicopters, ground vehicles and shipboard systems. The company’s products include ammunition chutes, magazines, gun mounts and weapon stations. Nobles is currently the primary… Read More

Audax Closes Carve-Out of EIS Audax Private Equity has closed its acquisition of EIS, the electrical specialties group of Motion Industries, from publicly traded Genuine Parts Company. EIS is a distributor of process materials, production supplies, specialty wire and cable, and fabricated parts to more than 20,000 customers in the electrical OEM, motor, transformer, generator repair and… Read More

Kidd & Company Keeps Growing RV Dealer Platform Family RV Group, a specialty retailer of new and used recreational vehicles and a portfolio company of Kidd & Company, has acquired Candy’s Campers. Candy’s Campers operates two recreational vehicles (RV) dealerships near Bowling Green in Scottsville, KT and near Nashville in Murfreesboro, TN. The company sells new and used RVs, related services, parts and… Read More

Brynwood Adds Brands to Hometown Food Hometown Food Company, a portfolio company of Brynwood Partners, has acquired the Arrowhead Mills and SunSpire brands from The Hain Celestial Group for $15 million. Arrowhead Mills competes primarily in the organic baking and breakfast categories and its product portfolio includes baking and dessert mixes; beans, grains, and seeds… Read More

Sverica Races to Hard Cap Close After three months in the market, Sverica Capital Management has held a first and final close of its fifth fund, Sverica Capital Partners V LP. The new fund was oversubscribed and closed at its hard cap with $450 million of capital commitments. Sverica invests from $10 million to $40 million in US or Canadian-based companies with enterprise values up to $150 million. Sectors of interest include technology, business services… Read More

Carroll Capital Buys Elevator Service Carroll Capital has acquired Elevator Service, Inc. (ESI) in partnership with its management team from owner Nate McFadden. ESI is a provider of maintenance and testing, repair, and elevator modernization services. The company’s service area includes the Michigan cities of Grand Rapids, Lansing, Ann Arbor, Kalamazoo and… Read More [ PEP Member Only] [ Join PEP]

One Equity Closes New Fund One Equity Partners (OEP) has held a final closing of its seventh fund, One Equity Partners VII LP, with $1.75 billion in total capital commitments. This is the largest fund that OEP has ever raised. Limited partners in the new fund include pension funds, financial institutions, family offices, asset managers, fund of funds, insurance companies, foundations, and… Read More

Vestar Takes Minority Stake in Simple Mills Vestar Capital Partners has agreed to make a minority investment in natural foods company Simple Mills. Simple Mills is a provider of more than 30 baking mixes, crackers, cookies, bars and frostings that are free of gluten, grains, soy and genetically modified ingredients. According to the company, it is the number one clean-label baking… Read More [ PEP Member Only] [ Join PEP]

AVALT Buys Gutter Services Company Incline Equity Partners has sold Ned Stevens, a provider of residential exterior services, to AVALT, a Boston-based family office. Ned Stevens provides a range of gutter related services including cleaning, protection, repair, and installation. The company also cleans roofs, siding, decks, windows, fences, patios and walkways. The company serves more than… Read More

Fulcrum Invests in Media Resources Fulcrum Capital Partners has made an investment in Media Resources, a designer, maker and installer of commercial signage. Media Resources was founded in 1967 as Grant Signs Services which installed and maintained commercial signage. Today, the company is active in making digital billboards and indoor signage, providing sign installation and… Read More

TA Acquires Wealth Enhancement Group TA Associates has acquired Wealth Enhancement Group from Lightyear Capital which has been the majority owner of the company since June 2015. Wealth Enhancement Group’s services include financial planning, estate planning, retirement income planning, insurance, tax strategies and investment management services. The company manages more than $11 billion in assets from more than 17,000 clients… Read More

Nautic Sells Window Maker to Pella Nautic Partners has sold its portfolio company Custom Window Systems to Pella Corporation. Nautic acquired Custom in July 2014 from Highlander Partners. Custom Window Systems is a manufacturer of impact-resistant and non-impact, vinyl and aluminum, windows, doors, and porch enclosures. The company’s products are primarily used in the repair and remodeling markets in the single-family… Read More [ PEP Member Only] [ Join PEP]

Court Square Exits National Seating & Mobility Court Square Capital Partners has agreed to sell National Seating & Mobility (NSM) to Cinven. Court Square acquired NSM in September 2016 from Wellspring Capital Management. National Seating & Mobility designs, assembles, and provides customized wheelchairs and adaptive seating systems to individuals who have been diagnosed as having a permanent or long-term loss of mobility… Read More

AEA Buys Disaster Recovery Specialist AEA Investors has acquired BMS Enterprises, a national provider of disaster recovery services. BMS is the second-largest non-franchised provider of property restoration and reconstruction services to commercial and residential end markets in the United States. The company’s services include fire and water restoration, disaster recovery services, reconstruction services, carpet and air duct cleaning, and mold… Read More [ PEP Member Only] [ Join PEP]

Tonka Bay Adds Thermometer Maker Engineered Specialty Products (ESP), a portfolio company of Tonka Bay, has acquired Weksler Glass Thermometer. Tonka Bay acquired ESP in December 2012 through its third fund. Weksler Glass Thermometer is a provider of temperature and pressure instruments used in the HVAC market. The company’s products, sold mainly in the Eastern US… Read More [ PEP Member Only] [ Join PEP]

Acquisition Opportunity An East Coast-headquartered provider of consulting and engineering services to the United States government, including the Department of State and Department of Homeland Security, is reviewing strategic opportunities. Annual revenues exceed $120 million with 18% EBITDA margins. Click HERE for more information.

Private Equity Professional has been serving the private equity industry since 2007 and is published by Sun Business Media, LLC. Questions or comments? Email our publisher John McNulty at John@peprofessional.com.

‌ ‌ ‌