Grey Mountain Partners acquires ATS Systems

Grey Mountain Partners has acquired ATS Workholding. Headquartered in Rancho Santa Margarita, California, ATS provides CNC machine tool accessories for use in a variety of end markets including oil and gas, aerospace, and construction.

Triton Diving Services Acquires Assets of Louisiana Oilfield Divers

Triton Diving Services, a Boulder, Colo.-based affiliate company of the private equity firm Grey Mountain Partners, has acquired the diving assets of Lousiana Oilfield Divers, including a 208-foot vessel that Triton hopes will strengthen its position as a commercial diving contractor operating in the Gulf of Mexico. Terms of the deal were not disclosed.

Grey Mountain Buys Insulpane, Orchard Glass Distributors

Grey Mountain Partners said Wednesday that it has acquired Insulpane of Connecticut and Orchard Glass Distributors. Financial terms were not announced. Insulpane, of Hamden, Conn., is an architectural glass fabricator and distributor. Hamden, Conn.-based Orchard Glass Distributors is a wholesale distributor of flat glass, mirrors and shower doors. PRESS RELEASE Grey Mountain Partners (“Grey Mountain”), […]

Monroe Capital Backs Consolidated Glass Holdings Recap

Monroe Capital has provided funding of a unitranche facility for the recapitalization of Consolidated Glass Holdings, a portfolio company of Grey Mountain Partners. Consolidated Glass Holdings is headquartered in Denver, Colorado. Its companies operate in the architectural, security, and custom glass and metal fabrication fields. PRESS RELEASE Monroe Capital LLC today announced the funding of […]

Job of the Week: A Mid-Market CLO Challenge

The mid-market is a pricey place to be with private equity valuations shifting towards the higher end of the spectrum, according to a report by GF Data Resources. US Private equity investors in the mid-market are paying significantly higher multiples to acquire larger firms. Aggregate deal valuations in 2011 were 6.1x, up from an average of 5.9x in 2010, cites the report.

Grey Mountain Buys Hawkins Glass Wholesalers’ Flat Glass Unit

Hawkins Architectural Products, a new holding company from Grey Mountain Partners, has acquired nearly all of the assets of the flat glass division of Hawkins Glass Wholesalers. Financial terms were not announced. Stafford, Va.-based Hawkins Glass mainly serves the Mid-Atlantic region. Boulder, Colo.-based Grey Mountain is a PE firm that invests in lower middle-market companies. […]

Grey Mountain Buys Columbia Commercial Building Products

Grey Mountain Partners has acquired Rockwall, Texas-based Columbia Commercial Building Products. Columbia Commercial manufactures high-performance extruded aluminum windows and store fronts for new and replacement construction. Terms of the deal were not released. Grey Mountain Partners is a Boulder, Colorado-based private equity firm.

Grey Mountain Partners Buys Custom Components Co.

Grey Mountain Partners has acquired Tampa, Fla.-based Custom Components Company, a materials manufacturer of aluminum, stainless steel and glass architectural engineered products like office doors and rail doors. Terms of the deal were not released. Grey Mountain Partners is a Boulder, Colo.-based private equity firm.

Grey Mountain Partners Backs Binswanger Enterprises

Grey Mountain Partners has acquired Memphis, Tenn.-based Binswanger Enterprises, a designer, installer, and retailer of architectural glass and aluminum products. Terms of the deal were not released. Grey Mountain Partners is a Boulder, Colo.-based private equity firm.

Grey Mountain Partners Acquires Majority Stake in Stratix Corporation

Grey Mountain Partners, a Boulder, Colo.-based private equity firm, has acquired a majority interest in Norcross, Ga.-based Stratix Corp., which sells mobile software and services. Terms of the deal were not disclosed. PRESS RELEASE: Grey Mountain Partners (“Grey Mountain”) has acquired a majority interest in Stratix Corporation (“Stratix”). Headquartered in Norcross, Georgia, Stratix Corporation provides […]

Grey Mountain Partners Invests in Triton Diving Services

Grey Mountain Partners LLC made an equity investment in Triton Diving Services LLC, a Metairie, La.-based provider of commercial diving services to the offshore oil and gas industry in the Gulf of Mexico. Financial terms were not disclosed. Grey Mountain invests in smaller middle market companies with enterprise values from $30 million to $150 million.

Grey Mountain’s Second Fund Raises $224 Million

Grey Mountain Partners has raised $224 million for its second fund.

The pool, Grey Mountain Partners Fund II LP, closed Monday. Investors include large funds-of-funds within banks and East and West coast pension funds, says Jason Urband, a Grey Mountain associate who declined to give names.

Grey Mountain Halfway Toward Second Fund

Grey Mountain Partners, a lower middle market private equity firm, is halfway to its $250 million fundraising target for its second vehicle, according to an SEC filing. The firm, based in New York, launched fundraising last March. This week Grey Mountain Partners Fund II LP closed on $124.8 million in commitments from 18 investors. Harken […]

Grey Mountain Partners Buys Bolttech Mannings

Grey Mountain Partners has acquired a majority equity stake in Bolttech Mannings LLC, a New Versailles, Penn.-based provider of technical bolting and heat treating services for industrial applications. No financial terms were disclosed.

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