Audax-backed ICP Group buys ASTEC

By Iris Dorbian — 1 week ago

Innovative Chemical Products Group LLC, a portfolio company of Audax Private Equity, has acquired ASTEC, according to a news announcement. No financial terms were disclosed. Based in Binghamton, New York, ASTEC is a provider of fluid-applied acrylic membrane systems for the restoration of roofs, walls, tanks, piping, ductwork and other industrial surfaces.

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PE-backed Transportation Insight taps Faulkner for CEO role

By Iris Dorbian — 1 week ago

Transportation Insight, a provider of enterprise logistics, has named Rennie Faulkner as CEO of TI Holdco‘s transportation insight division. Previously, Faulkner has been Transportation Insight’s CFO since 2010 and will remain as TI Holdco’s CFO. Transportation Insight is a portfolio company of Gryphon Investors.

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Princeville Capital taps Leonardo DiCaprio as adviser

By Iris Dorbian — 1 week ago

Actor Leonardo DiCaprio has joined Princeville Capital as an adviser for its climate technology fund. Based in San Francisco and Hong Kong, Princeville invests in growing tech-related companies that “are driving a positive impact on climate change in a variety of sectors including energy efficiency, mobility, smart grid/IOT and smart cities.”

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PE-backed Pinnacle adds Nelson to board

By Iris Dorbian — 1 week ago

Pinnacle Treatment Centers, a provider of inpatient and outpatient treatment for those suffering from substance use disorders, has named Jeff Nelson to its board of directors. Nelson is the former CEO of Healogics. Pinnacle Treatment Centers is backed by Linden Capital Partners.

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HCL Technologies buys SBE

By Iris Dorbian — 1 week ago

HCL Technologies has acquired Seattle-based Strong-Bridge Envision, a digital transformation consulting firm. No financial terms were disclosed. SBE was backed by Bow River Capital.

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Blue Sage Capital invests in All-State Industries

By Iris Dorbian — 1 week ago

Blue Sage Capital has made an investment in West Des Moines, Iowa-based All-State Industries, a provider of custom, highly-engineered nonmetallic components. No financial terms were disclosed. Lincoln International was the investment banking representative for All-State on the deal.

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Praedium sells Dallas property

By Iris Dorbian — 1 week ago

The Praedium Group has sold Dallas-based Legends at Chase Oaks, a property that consists of 32 two-story buildings with a majority of the units having direct access garages. No financial terms were disclosed.

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I.D. Systems to buy Pointer Telocation for $140 mln

By Iris Dorbian — 1 week ago

I.D. Systems has agreed to acquire Israel-based Pointer Telocation, a telematics and mobile IoT solutions company, for $140 million in cash and stock. Abry Partners will invest $50 million in the combined company, which will rebrand as PowerFleet. The deal is expected to close summer 2019. Both John Hunt and Anders Bjork of Abry Partners will join PowerFleet’s board of directors at the completion of the transaction.

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