Kellstrom Aerospace buys Vortex Aviation

By Luisa Beltran — 20 hours ago

Kellstrom Aerospace Group Inc, a portfolio company of AE Industrial Partners LLC, has acquired Vortex Aviation Inc. Financial terms weren’t announced. Vortex provides support and turnkey solutions for aircraft lessors and airlines.

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Avery Dennison completes Yongle Tape acquisition

By Iris Dorbian — 2 days ago

Avery Dennison has closed its previously announced acquisition for China-based Yongle Tape, a maker of cable harnessing and insulation tapes. No financial terms were disclosed for the transaction; however, an earlier item on this deal reported the amount to be $190 million. The sellers were ShawKwei & Partners and Yongle management.

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Martin Marietta to buy PE-backed Bluegrass for $1.625 bln: UPDATED

By Iris Dorbian — 2 days ago

Martin Marietta Materials Inc has agreed to acquire Jacksonville, Florida-based Bluegrass Materials Company, an aggregates producer, for $1.625 billion in cash. The sellers include Lindsay Goldberg LLC. The deal is expected to close in the fourth quarter of this year. UPDATE: Lindsay Goldberg stands to make a more than 3x return on invested capital with the sale, a source familiar said.

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Catalyst Capital puts Therapure contract development unit up for sale: Blooomberg

By Luisa Beltran — 2 days ago

Catalyst Capital Group is exploring options for Therapure Biopharma, Bloomberg reported. Catalyst has hired Wells Fargo & Co to find a buyer for the contract development and manufacturing part of its business, the story said. The Therapure unit could fetch C$400 million ($302 million), Bloomberg said. Catalyst is also interviewing banks to advise on an IPO for Therapure’s proprietary products division, Bloomberg said.

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Summit Behavioral is up for sale: Wall Street Journal

By Luisa Beltran — 2 days ago

Summit Behavioral Healthcare LLC, a portfolio company of Flexpoint Ford, is up for sale, the Wall Street Journal reported. Moelis & Co is advising. The auction is in the early stages, the WSJ said. Summit’s EBITDA is around $24 million, the story said. Summit, of Franklin, Tennessee, provides addiction treatment. Flexpoint Ford invested in Summit in 2015.

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Kinderhook sells DDI to Hunter

By Iris Dorbian — 7 days ago

Kinderhook Industries LLC has sold California-based Dispensing Dynamics International, a provider of plastic injection molded paper towel, tissue, soap, and air care dispensers for the away-from home washroom industry. The buyer was a subsidiary of Hunter Industries Inc. No financial terms were disclosed.

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PE-owned Tech Air acquires Angelus

By Iris Dorbian — 7 days ago

Tech Air, which is owned by CI Capital Partners, has acquired Los Angeles-based Angelus Welding Inc, a provider of welding and industrial supplies as well as industrial gases. No financial terms were disclosed.

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PE-backed Confie closes five acquisitions

By Iris Dorbian — 7 days ago

Confie, a portfolio company of ABRY Partners, has made five acquisitions in Missouri, Arizona and New York. Among the acquisitions are New York City-based Tremont Spirit Insurance Inc, an auto insurance company and Rodney D. Young Insurance group’s Missouri retail operations. No financial terms were disclosed.

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