Frazier Healthcare Partners sells LABSCO to McKesson Corporation

By Eamon Murphy — 4 hours ago

Laboratory Supply Company (LABSCO), formerly a portfolio company of Frazier Healthcare Partners, was acquired by McKesson Corporation, which supplies products to the healthcare industry. The deal closed on May 13, 2016. Terms were not disclosed. LABSCO provides laboratory solutions to community hospitals and large physician offices.

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Behrman to sell Data Device Corp. to Transdigm for $1 bln

By Eamon Murphy — 5 hours ago

Private equity firm Behrman Capital agreed to sell its portfolio company Data Device Corporation to Transdigm Group Incorporated for $1 billion. The company, based in Bohemia, NY, supplies connectivity, power, and control technologies for aerospace, defense, and industrial applications.

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Shoes for Crews to buy Mozo Shoes

By Luisa Beltran — 10 hours ago

Shoes For Crews LLC said May 24 it has entered into a letter of intent to acquire the Mozo® Shoes brand. Financial terms weren’t announced. Chinnok Asia LLC is the seller. Mozo provides culinary footwear that aim to meet the demands of chefs in the kitchen and dining environments. Shoes For Crews is a CCMP Capital portfolio company.

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Evergreen Pacific sells Thermal Dynamics to Chinese machinery firm

By Eamon Murphy — 1 day ago

Seattle-based Evergreen Pacific Partners sold Thermal Dynamics International to Zhejiang Yinlun Machinery Co. Ltd. Headquartered in Ontario, Canada, Thermal Dynamics supplies heat exchangers for the automotive, heavy truck and off-highway industries. Zhejiang Yinlun invested $56.65 million to acquire 100 percent of the company.

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Correctional Medical Group invests in TransformHealthCS

By Luisa Beltran — 1 day ago

Correctional Medical Group Companies Inc, a portfolio company H.I.G. Capital LLC, invested in TransformHealthCS Inc. Statesboro, Georgia-based TransformHealthCS provides correctional healthcare services to county jails in Georgia and North Carolina. Transform is being re-branded as Southeast Correctional Medical Group.

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Safe Fleet buys Rear View Safety

By Luisa Beltran — 2 days ago

Safe Fleet, a portfolio company of the Sterling Group, said May 20 it has acquired Rear View Safety. Financial terms weren’t announced. Brooklyn, New York-based Rear View provides back up camera systems and video-based road safety solutions.

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Ichor buys Ajax Custom Manufacturing

By Luisa Beltran — 5 days ago

Ichor Systems, which is owned by Francisco Partners, has acquired Ajax Custom Manufacturing. Financial terms weren’t announced. Union City, California-based Ajax is a plastic component supplier to customers in the semiconductor capital equipment market.

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Sovran Self Storage to buy TPG-backed LifeStorage for $1.3 bln

By Luisa Beltran — 5 days ago

Sovran Self Storage Inc said May 19 that it agreed to buy LifeStorage LP in a deal valued at about $1.3 billion. Sovran said it has secured $1.35 billion in bridge financing to provide certainty of closure. Roseville, California-based LifeStorage owns and operates of self storage facilities in the United States, currently operating 92 self storage properties in nine states. TPG invested $120 million in LifeStorage in 2014. Wells Fargo Securities,LLC acted as lead financial advisor and SunTrust Robinson Humphrey also acted as a financial advisor to Sovran Self Storage. Phillips Lytle LLP and Hogan Lovells served as legal counsel in connection with this transaction. Citgroup Global Markets Inc acted as financial advisor to LifeStorage and Latham & Watkins LLP served as counsel to LifeStorage in connection with the transaction.

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