Iris Dorbian
Orchid Underwriters Insurance Agency LLC, a portfolio company of Gryphon Investors, has appointed Chuck Fillizola as chief information officer. Previously, he worked at Sompo Japan Nipponkoa America Insurance where he served as vice president and chief information officer. Based in Vero Beach, Florida, Orchid is a specialty underwriter of property insurance focusing on coastal properties.
Private investment advisor Harvest Partners SCF LP has expanded its staff with three hires. The firm has named Steve Duke as a principal; Caldwell ZImmerman as an associate; and April Blackmon Meyer as a marketing associate. Previously, Duke worked at CCMP Capital Partners where he served as a principal. Also, Zimmerman was an associate at Arsenal Capital Partners while Meyer most recently worked at JAT Capital Management.
American Securities has agreed to buy Royal Adhesives and Sealants LLC from Arsenal Capital Partners. No financial terms were disclosed for the transaction that was done with management and is expected to be completed in June 2015. Headquartered in South Bend, Indiana, Royal is a maker of high-performance adhesives and sealants.
Vestar Capital Partners has agreed to acquire Woodstream from Brockway Moran & Partners and CHS Capital. No financial terms were disclosed for the transaction that is expected to be completed in the second quarter of this year. Headquartered in Lititz, Pennsylvania, Woodstream is a maker of branded pest control and lawn and garden products.
First Read ushers in your week with news that the death toll of the Nepal earthquake has risen above 3,400, Cap Gemini acquires IGATE for $4 billion and Facebook's engineering director is leaving his post to co-found a music startup.
In Second Opinion, Charter Communications explores bid for Time Warner Cable, a 64-year-old engineer sues Google for age discrimination and the Statue of Liberty is evacuated after a bomb threat.
Thoma Bravo and Ontario Teachers' Pension have closed their buy of San Francisco-based enterprise tech firm Riverbed Technology. The value of the transaction was about $3.5 billion. As a result of the buyout, Riverbed will go private and stop trading on the NASDAQ under the ticker symbol "RVBD."
Pritzker Group Private Capital has appointed Gregg Kaplan as an operating partner for the services team. Kaplan is a founder and former CEO of Redbox.
Serent Capital has made an undisclosed investment in Compeat Restaurant Management Systems. Based in Austin, Texas, Compeat Restaurant Management Systems is a provider of accounting and back office software and solutions to restaurants.
First Read ends your week with news the NASDAQ will settle its Facebook IPO lawsuit for $26.5 mln, Google's quarterly revenue rose 12% and the Bruce Jenner story is presenting a pronoun dilemma for media outlets.