Brookfield Capital Partners III, which is managed by Toronto-based Brookfield Asset Management, has acquired the Canadian logistics operations of Omaha, Nebraska's Millard Refrigerated Services Inc. The undisclosed deal, which closed in late May, has created a new company, Brookfield Cold Storage, with 16 million cubic feet of combined storage capacity in facilities in Calgary and Toronto. Brookfield's third partnership, which is focused on mid-market buyouts, turnarounds and other special situations, recently closed at $1 billion.
Welsh, Carson, Anderson & Stowe has sold Triple Point Technologies to ION Trading, sources tell peHUB.
New York-based private equity firm Clayton Dubilier & Rice is considering buying and merging the office maintenance units of Balfour Beatty's and Rentokil Initial's, the Financial Times reported on Monday.
AXA Private Equity and Spanish airport operator AENA are teaming up to bid for Abertis' 90 percent stake in London Luton Airport, Reuters reported Monday.
Ketchup maker Heinz Co said on Monday it has received all regulatory approvals needed to sell itself to Warren Buffett's Berkshire Hathaway Inc and Brazilian financier Jorge Paulo Lemann's private equity firm 3G Capital, Reuters reported.
CIT Group, a provider of financing to small businesses and middle market companies, said on Monday that its U.S. bank subsidiary, CIT Bank, has arranged a $210 million credit facility for The Jordan Company. The loan is for The Jordan Company's refinancing of a portfolio company, Haas Group International, a provider of chemical management services. CIT Corporate Finance served as joint lead arranger and joint syndication agent for the transaction.
Townsquare Media Group has entered into an agreement to buy three music sites from AOL as well as its ComicsAlliance site. No financial terms were disclosed. The sites are The Boot, the BoomBox and NoiseCreep. Together with ComicsAlliance, they will join Townsquare Media Group's national digital business, which reaches over 52 million U.S. monthly unique visitors. Based in Greenwich, CT, Townsquare Media Group is a portfolio company of Oaktree Capital Management.
Southport Lane, a New York City-based private equity firm, said on Monday that it completed its buy of Louisiana-based Imperial Management Corp. along with its largest subsidiary, Imperial Fire & Casualty, in an all-cash transaction. Financial terms were not disclosed. Imperial Fire & Casualty is a provider of insurance products. Imperial Fire & Casualty's President and CEO H. Marcus Carter, Jr. will continue to serve as a director as will John Emmett Brignac Jr., the chairman of Imperial Management.
Agilysys said on Monday that it has entered into an agreement to sell its Retail Solutions Group to an affiliate of Clearlake Capital Group, L.P. for $34.55 million in cash. The transaction is expected to close later this summer. Agilysys, which has offices in Alpharetta, GA, Cheshire, UK, Singapore and Hong Kong, is a provider of software and solutions to the hospitality and retail industries.
Altus Capital Partners said on Monday that it has closed the sale of Thermafiber, a provider of mineral wool insulation products, to Owens Corning, a producer of residential and commercial building materials. No financial terms were disclosed. BB&T Capital Markets provided financial advice to Thermafiber, which is based in Wabash, Indiana.