PE-owned Fairmount Santrol files for IPO

Fairmount Santrol (formerly known as Fairmount Minerals), which is owned by American Securities, has filed for an IPO. The number of shares that will be sold as well as the pricing terms of the stock have yet to be set. Based in Chesterland, Ohio, Fairmount Santrol is a provider of sand-based products for oil and gas exploration and production companies.


PE-backed Metaldyne completes merger with Grede and HHI

Metaldyne, which is backed by American Securities, has merged with Grede Holdings and HHI Group Holdings to form MPG. No financial terms were disclosed. George Thanopoulos, HHI’s CEO, will become MPG’s CEO while Thomas Amato, CEO of Metaldyne and Doug Grimm, CEO of Grede, will become co-presidents of MPG. As a result of the transaction, MPG will become a manufacturing firm focused on transmission, engine, driveline and safety critical applications in passenger, commercial and industrial vehicles.


American Securities sells Healthy Directions for about $195 mln

American Securities has sold Healthy Directions to Helen of Troy Limited for approximately $195 million. Houlihan Lokey was financial advisor to American Securities and Healthy Directions on the transaction. Healthy Directions is a health publisher and a provider of nutritional supplements and skincare products.


American Securities acquires Grede

American Securities has acquired Grede Holdings, which was backed by Wayzata Investment Partners. No financial terms were disclosed for the the transaction, which was done in partnership with Grede’s management. Headquartered in Southfield, Mich., Grede is a maker of cast, machined and assembled components for transportation and industrial sectors.

Lakeside Energy and American Securities Take Stake in InEnTec

InEnTec, a Bend, Oregon, company whose technology technology converts household garbage into gases that can be remade into fuels or burned to generate electricity, has received a “strategic investment” from Chicago-based Lakeside Energy, a clean tech investor backed by the New York-based private equity firm American Securities. As part of the deal, terms of which are not […]

Trio Video Acquired by American Securities’ NEP Broadcasting

Chicago-headquartered provider of mobile HDTV production facilities Trio Video has been acquired by NEP Broadcasting, a portfolio company of American Securities. Independent investment banking firm Livingstone was the exclusive financial advisor to Trio. Terms of the transaction were not disclosed. PRESS RELEASE Livingstone, the leading independent, international investment banking firm, is pleased to announce that […]

Presidio Buys BlueWater Communications

Presidio, which is backed by American Securities, has acquired BlueWater Communications. Financial terms weren’t announced. Blue Water provides IT infrastructure services to companies. Foros provided financial advice to Blue Water, while Sheppard Mullin Richter & Hampton was their attorney. Weil Gotshal & Manges provided legal advice to Presidio. PRESS RELEASE Presidio, Inc., a leading provider […]

Delphi Midstream Partners Sells Laser Northeast Gathering–CORRECTED

Delphi Midstream Partners, which is backed by American Securities, said Tuesday that it has closed its sale of Laser Northeast Gathering Co. The buyers were William Partners. The purchase price includes $329 million in cash and approximately 7.5 million Williams Partners’ units. Laser Northeast is a natural gas gathering business located in Pennsylvania and New […]

New York City Pensions Commit $880 Million to Four Funds

The New York City Bureau of Asset Management, which manages $115 billion in assets from the city’s five municipal pension funds, committed an impressive $880 million to four private equity funds, according to recent investment reports and a spokesman at the city comptroller’s office.

The largest of the four commitments was $300 million to Leonard Green & Partners‘ Green Equity Investors VI LP, a private equity fund with a $5 billion target. The Los Angeles-based consumer retail specialist is known for making investments in such high profile companies as Neiman Marcus, J. Crew, Whole Foods, Rite-Aid, Sports Authority, Petco and BJ’s Wholesale.

The fund has been on a fundraising tear…

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