Iris Dorbian
CI Capital Partners has acquired Prospect Partners' stake in Summit Companies. No financial terms were disclosed. TM Capital provided financial advice to Summit on the transaction.Based in St. Paul, Minnesota, Summit is a fire safety services provider.
In Second Opinion, Trump ends the "Dreamers" program, WhatsApp is launching a customer service app and the Houston Rockets has reportedly been sold for $2.2 billion.
Tecun Capital Partners, Midwest Mezzanine Funds, Colfax Creek Capital and Rock River Capital Partners have agreed to acquire Wheeling, Illinois-based Fluence Automation, the former mail and parcel sorting business unit of Bell and Howell. Fluence management is also participating in the transaction. No financial terms were disclosed.
Aterian Investment Partners has made an undisclosed investment in Standard Furniture Manufacturing LLC. Based in Bay Minette, Alabama, Standard is a maker of home furnishings.
Russell Investments, which is owned by TA Associates and Reverence Capital Partners, has appointed Michelle Seitz as CEO and to its board of directors. She will also become chairman of the board, effective January 1, 2018. Previously, she led William Blair Investment Management. Seattle-based Russell Investments is an asset manager.
The Carlyle Group has acquired United Road Services from Charlesbank. No financial terms were disclosed. RBC Capital Markets and William Blair advised United Road and Charlesbank on the transaction while Ernst & Young provided financial advice to Carlyle with Kirkland & Ellis serving as legal counsel. Based in Romulus, Michigan, United Road is a provider of vehicle transport and logistics.
Nashville, Tennessee-based Capital Alignment Partners has raised $63.2 million for its third fund, according to an SEC filing. The target is $150 million.
TorQuest Partners has acquired Winnipeg, Manitoba-based Amenity Health Care, an operator of retail pharmacies in Western Canada. No financial terms were disclosed. CIBC Mid-Market Investment Banking provided financial advice to Amenity on the deal.
Jaguar Growth Partners has named Elizabeth Bell as a principal for the firm's investment team. Previously, Bell worked at Aberdeen Asset Management where she was an investment manager on the property multi-manager team.
Hospitality Staff Solutions LLC, which is backed by Littlejohn Capital, has appointed Vincent J. Lombardo as chief financial officer. Lombardo is the former CFO of SNI Companies and MDT Personnel LLC. Hospitality Staffing Solutions is a provider of supplemental and outsourced staffing solutions for the hospitality industry.