Full-service nondestructive testing company Desert NDT has acquired T&K Inspection. This is the company’s second acquisition since private equity firm Sterling Partners made its investment in March 2012. Financial terms of the purchase were not disclosed.
Reliance Steel & Aluminum has forged a $766 million deal to buy Metals USA Holdings Corp, writes Reuters. Private equity firm Apollo Global Management owns about 53 percent of Metals USA, which went public in April 2010 at an initial offer price of $21.00. The $20.65 offer from Reliance is almost 2 percent below the IPO price, writes Reuters.
H.I.G. Europe, the European arm of global private equity firm H.I.G. Capital, has completed an investment into St. Gilgen International School. H.I.G. is partnering with StGIS’s founder, Dipl. Ing. Alexander Serda, an Austrian Architect and entrepreneur, who will retain an ownership stake in the school. The transaction is subject to approval by the relevant regulatory authorities.
Romano's Macaroni Grill is proving to be a sweet deal for Golden Gate Capital. Ignite Restaurant Group said late Wednesday it had agreed to buy Romano's Macaroni Grill for about $55 million.
Asset International, which is backed by Austin Ventures, is buying Investor Economics.
Talos Energy said Wednesday it has closed its buy of Energy Resource Technology GOM, the oil and gas subsidiary of Helix Energy Solutions Group.The deal was valued at $620 million. Talos is backed by Apollo Global Management and Riverstone Holdings.
Zilch! Nada! Why the Dell deal got done and the alleged Best Buy LBO seems to drag on into perpetuity (or, more likely, eventual Ch. 11) isn’t because the Dow crossed the elusive 14,000 mark or because Washington lawmakers failed to send the U.S. plummeting off the fiscal cliff.
Golden Gate Capital has sold Romano's Macaroni Grill to Ignite Restaurant Group for about $55 million. Ignite says it will fund the acquisition through a $50 million upsizing of the company’s existing credit facility. The deal is expected to close in late second quarter. KeyBanc Capital Markets provided financial advice to Ignite. Romano’s Macaroni Grill, which opened its first restaurant in 1988, currently owns and operates 186 units and franchises five units across 36 states.
TVV Capital said Tuesday it acquired Bigham Brothers. Financial terms weren’t announced. Lubbock, Texas-based Bigham makes premium agricultural tillage and cultivating equipment. PRESS RELEASE TVV Capital (“TVV Capital” or “TVV”), an established, value-oriented, lower middle-market buyout firm focused on niche manufacturing, today announced that it has acquired Bigham Brothers, Inc. (“Bigham”), based in Lubbock, TX. […]
The Carlyle Group has completed its acquisition of the TCW Group. Financial terms were not announced. TCW management and employees will own about 40% of the company on a fully diluted basis. Carlyle's investment in TCW comes from the firm's Global Financial Services Buyouts fund, a $1.1 billion pool, and Carlyle Partners V, a U.S. buyout fund raised $13. 7 billion in 2007.