Iris Dorbian
361 Capital, which is backed by Lovell Minnick Partners, has hired Clifford Stanton as director of portfolio solutions and product management. Prior to joining the firm, Stanton worked at Envestnet where he served as chief research officer. Based in Denver, 361 Capital is an asset management firm that specializes in liquid alternative investments.
Summit Materials has acquired Mainland Sand and Gravel, a provider of construction aggregates to Vancouver and the lower mainland region of British Columbia. No financial terms were disclosed. Summit Materials was founded in 2009 by CEO Tom Hill and investors including Blackstone Capital Partners and Silverhawk Capital Partners.
Industrial Opportunity Partners has acquired the multiwall packaging division of industrial packaging products firm Greif. No financial terms were disclosed. Multiwall has facilities in Rosemount, Minn. and Omaha, Nebraska.
Argonne Capital said Thursday that it has purchased the assets of The Lube Stop. No financial terms were disclosed. King & Spalding and McGuireWoods advised Argonne Capital on the deal. Based in Northeast Ohio, Lube Shop is a quick oil change company.
General Atlantic has closed its buy of Chicago-based online retail brokers TradeMONSTER and OptionsHouse. No financial terms were disclosed.
Ridgewood Private Equity Partners has hired former Allstate real assets executive Ross Posner as senior managing director.
Hastings Equity Partners has sold Advanced Precision Products to Precision Engineered Products, which is owned by The Jordan Company and Nautic Partners. No financial terms were disclosed. Trudeau & Trudeau Associates provided financial advice to APP on the transaction. Based in Palmer, Mass., APP is a maker of components and products for the oil and gas, medical, aerospace, automotive, military and commercial OEM markets.
Ten Capital Management said Thursday that it has named Ed Oprindick and Paul DiSandro to lead the firm’s acquisitions and dispositions team. Prior to joining the firm, both worked at Hunt Investment Management.
Veritas Capital will buy BeyondTrust from Insight Venture Partners. No financial terms were disclosed. Evercore advised BeyondTrust on the transaction. Headquartered in Phoenix, BeyondTrust is a cybersecurity solutions provider.
Global investment firm Meridiam has named Hungary's former Prime Minister Gordon Bajnai as group chief operating officer. From April 2009 to May 2010, Bajnai served as Prime Minister of the Republic of Hungary. Prior to that, he was Minister at the Ministry of National Development and Economic Affairs and the Ministry of Local Government. He's also the former head of the National Development Agency. Bajnai, who has been a member of Meridiam's supervisory board since 2011, will be based in the firm's Paris headquarters.