HII completes UPI acquisition from KRG

KRG Capital Partners has closed its sale of UniversalPegasus International to Huntington Ingalls Industries. No financial terms were disclosed. Headquartered in Houston, UPI is a provider of engineering and project management solutions to the energy sector.

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Huntington Ingalls Industries agrees to buy PE-backed UPI

Huntington Ingalls Industries has agreed to acquire UniversalPegasus International, a portfolio company of KRG. No financial terms were disclosed for the transaction, which is expected to be completed this June. Headquartered in Houston, UPI is a provider of engineering and project management solutions to the energy sector.

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WSP acquires KRG’s Focus

Focus Corporation, a provider of multi-disciplinary engineering services in Western Canada principally to the oil and gas industry, has entered into a definitive agreement to be acquired by WSP Global in an all cash transaction valued at approximately $366 million. Harris Williams & Co is acting as the exclusive advisor to Focus, a portfolio company of KRG Capital Partners.

KRG’s Fort Dearborn Completes FetterGroup Deal

KRG Capital Partners‘ portfolio company Fort Dearborn Company has completed the acquisition of FetterGroup’s paint & coating labels business. KRG made its initial investment in Fort Dearborn Company in August 2010 and the acquisition of FetterGroup’s paint & coatings label business represents the 179th investment for KRG since its inception. Fort Dearborn Company is a supplier of cut and stack, pressure sensitive, roll-fed and shrink sleeve labels.

Flexpoint Ford Sells Home Solutions to KRG Capital

Flexpoint Ford said Monday that it has sold its majority stake in Home Solutions Holdings to KRG Capital Partners. Financial terms weren’t announced. Northfield, N.J.-based Home Solutions provides specialty infusion pharmacy services. Cain Brothers provides financial advice to Home Solutions.

KRG Capital Invests in Ansira

KRG Capital Partners has invested in Ansira Partners. Financial terms weren’t disclosed. Ansira is a engagement marketing agency. News of the deal was announced by AdMedia Partners, which provided financial advice to KRG. PRESS RELEASE M&A firm AdMedia Partners today announced that it acted as exclusive financial advisor to KRG Capital Partners (KRG), a Denver-based […]

Denver Firm Returns $800M In Less Than 3 Months

KRG Capital Partners has been on a selling spree in recent months, which should put the Denver-based buyout firm in a promising position to raise its fifth fund. The firm has logged four exits since mid-December, returning more than $800 million to investors, according to a source close to the firm. The firm’s fourth and […]

KRG Capital Partners Sells Tronair

Denver-based buyout firm KRG Capital Partners has sold Tronair Holdings. Tronair is a manufacturer of ground support equipment for business, commercial and military aircraft. KRG acquired Tronair in February of 2008 and the sale represents KRG’s second full exit from its $1.96 billion Fund IV. PRESS RELEASE KRG Capital Partners (KRG), a Denver-based buyout firm, […]

Greenbriar Equity Group Acquires PetroChoice

Greenbriar Equity Group has acquired PetroChoice, a distributor of petroleum lubricant solutions. Greenbriar acquired the company from KRG Capital Partners. Terms of the transaction were not disclosed. PRESS RELEASE Greenbriar Equity Group LLC today announced the acquisition of PetroChoice, a leading, value-added distributor of petroleum lubricant solutions. Greenbriar acquired the Company from KRG Capital Partners. […]

KRG Capital Partners Exits Avizent

Denver-based private equity firm KRG Capital Partners has completed its sale of Avizent to York Risk Services Organization Inc. The deal closed on December 15, and is KRG’s third exit from its third fund. York Risk Services Organization is a portfolio company of ABRY Partners. Terms of the all-cash deal were not released.

Fresenius Medical Care Spends $2.1B On Dialysis

Fresenius Medical Care is spending a combined $2.09 million to acquire private equity-backed Liberty Dialysis Holdings, and the smaller American Access Care Holdings, Reuters reported. Germany-based Fresenius will pay $1.7 billion for Liberty Dialysis, which is currently controlled by buyout firms KRG Capital Partners and Bain Capital. The deal includes about $1 billion in assumed debt. American Access Care Holdings, which operates 28 vascular access centers for preparing patients for dialysis, sold for $385 million, Reuters wrote.

PetroChoice Has Bought Anderson Lubricants

PetroChoice, which is backed by KRG Capital Partners, has acquired Anderson Lubricants from shareholder Steve King. Financial terms weren’t disclosed. King, who is Anderson’s CEO, and well as existing company management, will continue in their roles. PetroChoice, of Riddlesburg, Pa., is focused on buying lubricant distributors to expand its geographic footpritn and service offerings. Anderson, which distributes commercial and industrial ExxonMobil and private label products, will serve as the foundation for PetroChoice’s Midwest division.

How Much Will Media Companies Sell for in 2011? That Depends

Media deals got big headlines in 2010 but many transactions didn’t get big prices.

So maybe I’m still thinking about Newsweek’s sale earlier this year (the fabled magazine was sold for $1 to Sidney Harman and just recently merged with the Daily Beast). But media and marketing services may see a bump in 2011, according to survey from AdMedia Partners, a New York IB.

In November, AdMedia questioned executives from content (traditional media and digital media) and services (marketing services, digital marketing and marketing technology). Private equity was also included in the survey, AdMedia said.

KRG Capital Buys Consolidated Equipment Parts

Denver-based private equity firm KRG Capital Partners has acquired Consolidated Equipment Parts and its subsidiaries, collectively known as AllPoints. The firm acquired AllPoints from Chicago-based private equity firm Pfingsten Partners. Financial terms of the deal were not released. AllPoints distributes maintenance, repair and operation parts, supplies and equipment to the foodservice industry. AllPoints is based in Mount Prospect, Illinois.

KRG invests in PAS Technologies

Denver-based private equity firm KRG Capital Partners has invested in PAS Technologies, which provides innovative repairs and advanced coatings for the aerospace, industrial gas turbine and oil and gas industries. The details of the deal were not revealed. KRG has a $1.96 billion Fund IV, which has so far acquired eight platform companies.

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