Capital Flow

New York, New York. August 6, 2019 – In partnership with GenNx360 Capital Partners, GenServe, LLC (“GenServe”) is pleased to announce the acquisition of GenAssist Corporation (“GenAssist” or the “Company”). GenAssist provides maintenance and repair services to industrial generators and backup power solutions, as well as equipment sales in New York and New Jersey. The Company serves a diverse set of customers in the corporate and real estate end markets and has a strong service focus. “We are excited about our third acquisition over the last nine months. GenAssist has a strong commercial service focus that further strengthens our service portfolio and sales team in the Metro-New York and New Jersey regions,” said Mike Vahling, President and COO of GenServe. “With more than 35 years of experience in the generator industry, I am excited to become a member of the GenServe team. As the leading independent generator maintenance, service and
Greer, SC – July 17, 2019 – Huntington Solutions, a portfolio company of Mill Point Capital, announced today that it has acquired Texas Foam, a manufacturer of customized extended-duration shippers (XDS™) and temperature-sensitive protective foam packaging solutions for the medical, instrumentation, pharmaceutical and food and beverage industries, among others. Texas Foam is an innovative designer and manufacturer of high-performance thermally-insulated molded EPS packaging solutions that are rigorously tested to meet a variety of industry- and customer-specific quality and durability requirements. Since 1991, Texas Foam has maintained industry-leading production capabilities and customer service. “We are extremely excited that Texas Foam will be joining Huntington as its seventh facility. Texas Foam offers a wide variety of impressive and proven cold-chain packaging technologies that will augment our ability to meet the needs of our customers,” noted Ed Flynn, President of Huntington Solutions. “Additionally, with a newfound presence in the Southwest, Texas Foam further
LEHI, UT, SANTA MONICA, CA and BOSTON, MA – July 9, 2019 – DigiCert, Inc., the world’s leading provider of TLS/SSL, PKI and IoT security solutions for identity and encryption, today announced that Clearlake Capital Group, L.P., a leading private investment firm, and TA Associates, an existing investor and leading global growth private equity firm, have reached a definitive agreement to make a strategic growth investment in the company. As a part of the transaction, Clearlake and TA will become equal partners in DigiCert. The company will continue to be led by CEO John Merrill and the current management team, who are investing alongside Clearlake and TA in the transaction. Terms of the transaction are not being disclosed. DigiCert provides certificate management platforms and industry-best customer support in multiple languages through a diverse staff, with offices located across the globe. The company combines a modern infrastructure with locally focused solutions to
NEW YORK, July 12, 2019 – Palladium Equity Partners, LLC (along with its affiliates, “Palladium”), a middle market private equity firm with over $3 billion in assets under management, today announced that it has completed fundraising for Palladium Equity Partners V, L.P. (“PEP V”) with commitments of $1.56 billion.  Palladium’s previous fund, Palladium Equity Partners IV, L.P., closed on $1.14 billion in 2014. PEP V will pursue the same strategy as its predecessor fund, primarily investing in middle market companies in partnership with founders and experienced management teams and applying Palladium’s GOLTM value creation process to seek to grow and improve such companies.  Already, Palladium has made investments from PEP V in three companies: Spice World, a supplier of garlic and other spices under the Spice World brand; Kymera International, a global specialty materials company; and Quirch Foods, a distributor and exporter of protein and Hispanic food products based in the U.S. PEP V
NEW YORK, July 9, 2019 – One Rock Capital Partners, LLC (“One Rock”), today announced that one of its affiliates has entered into a definitive agreement to acquire the Engineered Components & Systems (“EC&S” or the “Company”) segment (excluding Cortland U.S.) from Actuant Corporation (“Actuant”). The transaction is expected to close during the fourth quarter of 2019. Headquartered in Menomonee Falls, Wisconsin, Engineered Components & Systems is a global company serving the agriculture, specialty and commercial vehicle, construction and other industrial end-markets with motion, actuation and control solutions. EC&S primarily serves on and off-highway OEMs with highly engineered system-critical motion, actuation and control solutions under brands that include CrossControl, Maximatecc, Elliott Manufacturing, Gits Manufacturing, Power-Packer and Weasler Engineering. The Company has 13 manufacturing facilities and six engineering centers, with approximately 190 engineers in multiple geographies. EC&S sells its products to numerous end-markets internationally. Tony W. Lee, Managing Partner of One Rock, commented, “EC&S’s innovative solutions are
June 27, 2019 – New York – ICV Partners (ICV), a leading investment firm focused on lower middle market companies, is pleased to announce that it has successfully completed the final closing for ICV Partners IV, L.P. (Fund IV) with $585 million of committed capital. ICV currently manages $1.3 billion of AUM. ICV’s Fund IV meaningfully exceeded the firm’s target and represents an approximately 50% increase in capital commitments compared to Fund III. Investors include a diverse group of leading endowments, foundations, state pension plans, family offices, gatekeepers, insurance companies and fund of funds. Willie Woods, President of ICV Partners, said, “We are grateful for the immense support we’ve had from existing Limited Partners, many of whom have increased their commitment in Fund IV. We are excited by the enthusiasm for our 20-year, value-oriented approach to the lower middle market and we look forward to building on our success in
Mill Point Capital Accelerates Anexinet’s Momentum in Helping Clients Provide a Complete Digital Experience BLUE BELL, PA – June 25, 2019 – Anexinet, a leading provider of digital business solutions, announced that it has been acquired by Mill Point Capital, a middle-market private equity firm focused on control-oriented investments in North America. The Mill Point team has extensive experience investing in transactions in the technology and business services sectors. Anexinet’s management team, including CEO Todd Pittman, will continue to lead the company, building on a strong track record of multi-channel application strategy and development, enterprise mobility, and full-lifecycle cloud/hybrid IT infrastructure support. Anexinet is a leading technology consultancy and reseller, helping clients provide a Complete Digital Experience for employees, customers, and end users through transformative digital applications and platforms. For 20 years, Anexinet has delivered intelligent insights, customer engagement and enterprise modernization solutions that drive impactful business outcomes. Todd Pittman,
SANTA MONICA, CA, June 26, 2019 – Clearlake Capital Group, L.P. (“Clearlake” or the “Firm”), a leading private investment firm with a sector-focused approach, announced today it has completed fundraising for Clearlake Opportunities Partners II (the “Fund” or “COP II”) with $1.4 billion in commitments. COP II was oversubscribed, reaching its hard cap. With this latest fund, Clearlake’s total assets under management are over $10 billion. The Fund includes a significant commitment from its general partner, and will make non-control investments in middle market companies across Clearlake’s target sectors of software and technology-enabled services; industrials and energy; and consumer. COP II has already begun investing, with the recently announced investment in Appriss Holdings, Inc. “We want to thank all of the limited partners in COP II, who through their commitments have shown they believe in the proven Clearlake value creation model, our sector focus, and our flexible investment strategy,” said José E. Feliciano, Co-Founder and
Langley, U.K., May 30, 2019: Travelport Worldwide Limited (“Travelport” or the “Company”), a leading travel technology company, announced today the completion of its acquisition by affiliates of Siris Capital Group, LLC (“Siris”) and Evergreen Coast Capital Corp. (“Evergreen”) in an all-cash transaction valued at approximately $4.4 billion. The transaction, which was originally announced on December 10, 2018, was approved by Travelport’s shareholders on March 15, 2019. In connection with the closing of the transaction, the Company, which will continue to operate as Travelport Worldwide Limited, will be wholly owned by affiliates of Siris and Evergreen, and Travelport’s common shares will be delisted from the New York Stock Exchange. The Board of Directors of the new Travelport operating company will be led by Executive Chairman John Swainson, a Siris executive partner and a former executive at IBM Corporation, CA, Inc. (formerly Computer Associates) and the Dell Software group. Commenting on the transaction
May 15, 2019 (Blair, NE) – Great Plains Communications, the largest privately-owned telecommunications provider in Nebraska and a Grain Management portfolio company, announced today that it has entered into a definitive agreement to acquire InterCarrier Networks, a regional fiber optic carrier with a high-capacity network spanning Illinois, northern Indiana, the St. Louis metro area in Missouri, and Kentucky.   Headquartered in St. Louis, Missouri, InterCarrier Networks provides critical bandwidth infrastructure solutions to telecommunications carriers and major enterprises in Midwestern markets where cost-effective bandwidth transport has traditionally been difficult to obtain.  Its services are delivered over a high-quality, ring-structured fiber optic network covering 2,037 route miles. “This is a powerful pairing of Great Plains Communications’ broad network and century-long experience with InterCarrier Networks’ footprint, team and client base,” said Todd Foje, CEO of Great Plains Communications. “With backing from Grain, who sourced and negotiated this deal, our combined businesses are well positioned for near-term organic growth