Iris Dorbian
Speedpro Imaging said Monday that it has been acquired by Fairfield-Maxwell, Mountain Ridge Capital and Boris Katsnelson. No financial terms were disclosed. Also, Katsnelson will become president of Speedpro while the firm's founder Blair Gran will assume the role of chairman. Based in Scottsdale, Ariz., Speedpro is a wide format imaging franchisor.
Propel Equity Partners said Monday that it has acquired "substantially" all of Summit Products' assets, which include several toy brands. No financial terms were disclosed. Also, in a separate deal, the private equity firm has also bought CitiBlocs, a line of wood construction blocks. These toy brands will be incorporated into ALEX BRANDS, which is backed by Propel Equity Partners.
CCMP said Monday that it has agreed to acquire a controlling stake in Hillman from Oak Hill Capital for $1.475 billion. CCMP has partnered with Hillman's current management team on the transaction. Oak Hill Capital will retain a "significant" minority stake in Hillman. Barclays is advising Hillman on the deal while Morgan Stanley is advising CCMP. Based in Cincinnati, Hillman is a provider of fasteners, key duplication systems, engraved tags and related hardware items.
Hillshire Brands has closed its buy of Van's Natural Foods from Catterton Partners. No financial terms were disclosed although previous news reports pegged the value of the purchase at $165 million. Van's Natural Foods is a frozen breakfast and snack foods brand.
Bob’s Discount Furniture, which is backed by Bain Capital, said Thursday that it has hired Chris Day as senior vice president of real estate. Previously, Day worked at Coventry Real Estate Advisors where he served as senior vice president of retail services. Headquartered in Manchester, Conn., Bob’s Discount Furniture is a retailer of low-cost furnishings.
Sun Private Equities said Friday that it has acquired a majority stake in Sustainable Refining. No financial terms were disclosed. Based in Franklin, New Hampshire, Sustainable Refining is a producer of renewable, vegetable-based industrial grade lubricants and oils.
Home solar firm Sunrun has closed $150 million in equity financing. The investors were not named although according to the firm, a "leading public institutional investor" led the round. Sunrun's previous backers include Accel Partners, Sequoia Capital, Foundation Capital and Madrone Capital Partners.
Investment platform Preston Hollow Capital has hired Nga Nguyen as director of transaction structuring and John Dinan as general counsel. Both were previously employed by ORIX USA.
Invacare Corp. has named Michael J. Merriman to its board of directors. Merriman is an an operating advisor for private equity firm Resilience Capital Partners. Headquartered in Elyria, Ohio, Invacare is a maker of home and long-term care medical products that promote recovery and active lifestyles.
Cymetrix Corp., a portfolio company of Riordan, Lewis & Haden, has been acquired by Navigant for approximately $75 million in cash. The company will operate as Navigant Healthcare Cymetrix. Cymetrix is a revenue cycle management firm that specializes in providing outsourcing services to hospital and healthcare networks.