Houston, TX and Santa Monica, CA — August 27, 2019 — Sunbelt Supply (“Sunbelt”), a leading provider of specialty flow control solutions, backed by Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”), today announced it has acquired Severe Service Specialists (“Triple S”), a provider of services and valves that are engineered to withstand severe applications. Terms were not disclosed. Based in Trussville, Alabama, and with field sales support throughout the Southeastern U.S., Triple S offers specialty flow control solutions for the most demanding industrial applications. Its highly technical sales force supports industries including power generation, refining, and other industrial processes. Toby Hollier, President of Triple S, and the founding team of Triple S will remain with the company. Triple S will continue to go to market under the Triple S brand as part of the Sunbelt network of local service centers and technical sales personnel. Scott Jackson, President and CEO of Sunbelt, said,
September 3, 2019 (Washington, D.C.) – Grain Management, LLC (“Grain”) has completed the sale of its nationwide portfolio of wireless communications assets to American Tower. Through this transaction, American Tower will acquire approximately 400 towers and other related property interests, comprising one of the largest privately-held wireless portfolios in the U.S. Grain, a leading Washington, D.C.-based private equity firm focused on the global communications sector, strategically built this portfolio of tower assets in tier-two and tier-three markets now benefitting from increased carrier activity and network densification. During Grain’s ownership, the operational and business development initiatives for the sites have been underpinned by the team’s deep industry experience and a disciplined approach to growth and value creation. David J. Grain, Founder and CEO of Grain Management, commented, “Grain’s strategic objective of assembling a portfolio of significant scale poised for future growth has resulted in a sale that realizes substantial value for our limited partners.
FRANKLIN, WI – August 16, 2019 – An affiliate of Mill Point Capital, a private equity firm focused on middle-market investments in North American industrial and business services companies announced the completion of Mill Point’s previously announced acquisition of the power transformer divisions (“Pioneer Transformers” or the “Company”) of Pioneer Power Solutions, Inc. in a corporate carve-out transaction. Pioneer Transformers is a leading designer and manufacturer of custom-engineered electrical transformers.
ORLANDO, Fla., Aug. 18, 2019 – Grain Management, LLC (“Grain”), a leading Washington, D.C.-based private equity firm focused on the global communications sector, announced today that it has entered into a definitive agreement to acquire from Cable Bahamas Ltd. (“CBL Group”) a majority interest in Summit Vista, Inc., dba Summit Broadband (“Summit”), a fiber-optics telecommunications provider in Florida. “Summit has an impressive history of serving businesses across multiple industries and residential customers in central and southwest Florida communities,” said David Grain, Founder and CEO of Grain Management. “As a global investor in the industry, Grain is poised to partner with Summit in advancing its position as a leading fiber-optic telecommunications provider, and aid in the expansion of these services in an increasingly smart and connected world.” President and CEO of CBL Group, Franklyn Butler, said “CBL Group has undergone tremendous growth over the last six years and the performance of Summit has proved
NEW YORK, NYAUGUST 23, 2019 NexPhase Capital, LP (“NexPhase”), an operationally-focused independent private equity firm, today announced the sale of InsideRE Holdings, LLC (“Inside Real Estate”, “InsideRE” or the “Company”), a leading provider of cloud-based real estate software, to Lovell Minnick Partners. Terms of the transaction were not disclosed. One of the first technology providers in the industry to offer an end-to-end platform with all of the necessary tools to succeed in one place, Inside Real Estate has built, acquired and integrated software solutions that were previously missing in the market. Since partnering with the Company in 2016, NexPhase has worked closely with Ned Stringham, CEO of InsideRE, and the rest of its leadership team to bolster the Company’s position in the residential real estate software sector and grow its impressive platform. With NexPhase’s support, InsideRE integrated a number of highly-complementary businesses, which have greatly expanded the Company’s product suite,
To support the growing number of new initiatives and programs brought about by a substantial increase in membership, NAIC is proud to announce today that we are expanding our team with the addition of David Smith, who joins the association as Programs and Initiatives Manager effective August 26th. In this multifaceted role, Smith will manage several of NAIC’s strategic programs designed to support members, broaden public awareness of the superior performance diverse-owned investment management firms deliver, support and strengthen industry partnerships, and cultivate relationships with existing and potential new member firms. A key member of the NAIC staff, Smith will be directly involved in: Executing and enhancing current NAIC programs Identifying the needs of and supporting partner organizations to bolster alliances and increase high-level engagement Collaborating with the marketing and communications team to enhance the NAIC brand nationally and internationally Developing key industry insights to further sharpen NAIC’s ability to
Stephanie Braming, CFA, Partner, Global Head of Investment Management, William Blair What drives great decision-making—and how do we improve our probability of success? The answer will vary widely depending on the topic—investing, strategic decision-making, or even personal life choices. But I like to think that avidly investigating a topic then making a decision with about 85% of the information—while making necessary adjustments along the way—are hallmarks of great decision-making. But what happens if that isn’t the case? What happens if, despite your best intentions, you are a prisoner to your own “mind-forged manacles,” as William Blake referred to them in his poem “London”? Too often, we as individuals have blind spots. We are each a product of our life experience, our academic background, our current environment, and our own personal and professional preferences and biases. This shapes who we are as individuals, as colleagues, and as investors. Diversity Bonus While
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