Iris Dorbian
SG360°, which is backed by ICV Partners, has appointed Patrick R. Donahoe to its board of directors. Donahoe is the ex-CEO and Postmaster General of the U.S. Based in Wheeling, Illinois, SG360° is a print and direct marketing solutions provider.
ThreeSixty Group Inc, which is backed by AEA Investors LP, has acquired Vornado Air LLC, a provider of home comfort products. No financial terms were disclosed. Sawaya Partners LLC was financial adviser to Vornado on the transaction.
Behrman Capital has named Vincent M. Buffa as an operating partner. Previously, Buffa was president and CEO of Data Device Corp.
Argand Partners has promoted Joseph Del Toro to partner. Del Toro is a former chief financial officer at Novitex Enterprise Solutions, Undertone and The Topps Company.
Comvest Partners has made an undisclosed investment in RugsUSA, an e-commerce retailer and provider of area rugs and other home decor products. Koorosh Yaraghi, founder of RugsUSA, will remain as CEO and owner of the RugsUSA. Lazard Middle Market provided financial advice to RugsUSA while Financo did likewise for Comvest.
First Read starts the week with news that Walmart makes a $15 bln bid for India's Flipkart, Xerox's CEO is staying put for now and how one of the largest state lottery scams almost got pulled off.
General LED, a portfolio company of The CapStreet Group, has acquired New York City-based Acolyte Group, a provider of LED lighting systems. No financial terms were disclosed.
Second Opinion closes out the week with news that the unemployment rate hits a rare low of 3.9 percent, Apple stock hits an all-time high after Warren Buffett buys 75 million shares and New York's storied Plaza Hotel is set to sell for $600 million.
USA Millwork, a portfolio company of Tecum Capital and Ninth Street Capital Partners, has acquired O'Keefe LLC and Cabinets by Design LLC. No financial terms were disclosed. O'Keefe LLC is a creator of custom commercial cabinetry and architectural millwork products and Cabinets by Design is a maker of commercial cabinets for healthcare and government.
QIC has named Brian Delaney as senior managing director of U.S. and David Asplin as chief operating officer of global real estate. The appointments become effective July 1, 2018.