Iris Dorbian
Mega Broadband Investments LLC, a portfolio company of GTCR, has closed its previously announced acquisition of Seattle-based Northland Communications, a provider of high-speed data, television and voice services to residential and business subscribers in rural markets in the Southeast, Texas, and the Northwest. No financial terms were disclosed. Kirkland & Ellis LLP provided legal counsel to GTCR with PricewaterhouseCoopers serving as accounting adviser. And, Perkins Coie LLP provided legal counsel to Northland while Lazard Middle Market LLC provided M&A advice.
ACON Investments has acquired a majority stake in Fleetwash from DFW Capital Partners. No financial terms were disclosed. Based in Fairfield, New Jersey, Fleetwash is a mobile fleet washing and facility service company.
Caruth Capital Partners LLC has named David Webb as a partner and a member of the firm's investment committee. Previously, he worked at SunTx Capital where he was a leader in developing its media and infrastructure businesses.
The Stagwell Group has acquired a majority stake in London-based Ink, a travel media and marketing company. No financial terms were disclosed.
Greystar Real Estate Partners has acquired Ocean 650 Drive, a 230-unit multifamily property in Revere, Massachusetts. No financial terms were disclosed. The seller is a joint venture between Upton & Partners and TA Realty.
Dalan Management Associates and Elion Partners have acquired eight adjacent buildings in New York City for about $83 million. Included in the transaction is The Chelsea Collection, a full-block property located in Manhattan’s Chelsea neighborhood, directly across from Google’s New York Headquarters.
PPM America, an investment management firm, has named Mark Kramer as a managing director of its commercial real estate team. Previously, Kramer worked at BlackRock where he was director of the commercial real estate debt group.
American Construction Source, which is backed by both Angeles Equity Partners and Clearlake Capital Group LP, has acquired Edwards Building Center and Breckenridge Building Center. No financial terms were disclosed. Based in Colorado, Edwards Building Center and Breckenridge Building Center are providers of lumber and building materials products and services.
PJT Partners Inc has closed its previously announced acquisition of San Francisco-based CamberView Partners, an adviser. No financial terms were disclosed; however, an earlier report on this deal pegged the amount at about $165 million.
Stellex Capital Management has acquired Columbus, Indiana-based Grammer Industries, a provider of bulk hazardous transportation services. No financial terms were disclosed for the transaction that was done in partnership with the Whittington family and management.