O’Neil Capital Sells IBD to News Corp

O’Neil Capital Sells IBD to News Corp

News Corp has agreed to acquire Investor’s Business Daily from O’Neil Capital Management for $275 million. Investor’s Business Daily (IBD) was founded as Investor’s Daily in 1984 by William J. O’Neil. IBD operates the Investors.com website which reaches almost 11 million unique visitors each month. According to News Corp, a majority of IBD’s annual revenues […]

Crane Carrier Sold to Battle Motors

Crane Carrier Sold to Battle Motors

Turnspire Capital Partners has sold its portfolio company Crane Carrier Company to Battle Motors. Turnspire formed Crane Carrier in December 2018 to acquire the specialty vehicle group of Hines Corporation, a manufacturer of heavy-duty truck chassis, complete vehicles and aftermarket parts. Crane Carrier’s products are used in the work truck industry and include custom, severe-service […]

Redwire’s Valuation Reaches Orbit

Redwire’s Valuation Reaches Orbit

Redwire, a portfolio company of AE Industrial Partners, has agreed to merge with publicly traded special purpose acquisition corporation Genesis Park Acquisition. AEI formed Redwire in June 2020 to combine Maryland-based Adcole Space with Colorado-based Deep Space Systems, a maker of advanced space components. AEI acquired Adcole Space in March 2020 (then Adcole Maryland Aerospace) […]

Sun’s Return Rock Solid on Sale of StonePoint

Sun’s Return Rock Solid on Sale of StonePoint

Sun Capital Partners has agreed to sell StonePoint Materials to publicly traded Arcosa for $375 million. Sun Capital acquired StonePoint through a $205 million carve out of the VantaCore construction aggregates business from publicly traded Natural Resource Partners in December 2018 StonePoint provides crushed stone, sand and gravel that is used in commercial and residential […]

ShoreView Sells Rohrer to Wellspring

ShoreView Sells Rohrer to Wellspring

Wellspring Capital Management has acquired Rohrer Corporation, a designer and manufacturer of retail-packaging products, from ShoreView Industries. Rohrer is a manufacturer of high-visibility, paperboard and thermoformed plastic consumer packaging including graphically intensive blister, skin, folding carton, high volume board packaging, and clamshell packaging. Rohrer’s customers are active in a range of end markets, including hardware, […]

Quad-C Sells AIT Worldwide to The Jordan Company

Quad-C Sells AIT Worldwide to The Jordan Company

Quad-C Management has agreed to sell its equity interest in AIT Worldwide Logistics, a non-asset-based freight forwarder, to The Jordan Company. The terms of this transaction value AIT Worldwide at $1.2 billion. Quad-C acquired AIT Worldwide in partnership with the company’s management team in October 2017. AIT Worldwide is a provider of air and ocean […]

Sentinel Takes Holley Public Through MidOcean SPAC

Sentinel Takes Holley Public Through MidOcean SPAC

Holley, a portfolio company of Sentinel Capital Partners, has agreed to merge with Empower, a NYSE-traded special purpose acquisition company formed by MidOcean Partners. Sentinel’s investment in Holley began in 2015 with the acquisition of Driven Performance Brands, a Santa Rosa, California-based manufacturer of automotive aftermarket performance products for car and truck enthusiasts. At that […]

Goldner Hawn Sells Adhesives Platform to Arsenal

Goldner Hawn Sells Adhesives Platform to Arsenal

Goldner Hawn has sold Applied Products, a manufacturer and distributor of adhesive and thermal products, to Arsenal Capital Partners. Applied Products (DBA Applied Adhesives) is a provider of adhesive products used in the packaging, paper converting, graphic arts, bottle labeling, product assembly, and woodworking industries. The company’s products include hot melt, water-based, and reactive adhesives […]

Sentinel Closes Sale of Pet Supplies Plus

Sentinel Closes Sale of Pet Supplies Plus

Sentinel Capital Partners has closed its sale of Pet Supplies Plus to Franchise Group for $700 million. Sentinel and Franchise Group agreed to the terms of this transaction in January 2021. Sentinel acquired Pet Supplies Plus, the third-largest pet specialty chain in the US, from Irving Place Capital in December 2018. Pet Supplies Plus (PSP) […]

First Bev Helps Quench Nestlé’s Thirst

First Bev Helps Quench Nestlé’s Thirst

First Bev has sold Essentia Water, a functional water brand, to Nestlé USA. Essentia Water pioneered the development of ionized alkaline water in 1998 and, according to First Bev, is the #1 alkaline water brand sold nationally and the #1 selling bottled water brand in natural grocery stores. Essentia’s revenues in 2020 were $192 million. […]