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PRA, a portfolio company of CI Capital Partners, has acquired Koncept Events, an event planning company. No financial terms were disclosed.
Authority Brands, a portfolio company of Apax Partners, said Feb. 21 that it acquired Clockwork Inc from Direct Energy Group, a unit of Centrica. Financial terms weren’t announced. Clockwork provides home services through brands Benjamin Franklin Plumbing, Mister Sparky® electric, and One Hour Heating & Air Conditioning.
Caisse de dépôt et placement du Québec said Feb. 21 that it has invested in Allied Universal. CDPQ’s investment includes about $400 million of capital to Allied. Investors currently include Allied’s management, Warburg Pincus and Wendel. Allied is a security and facility services company with more than 210,000 employees. The deal values Allied at more than $7 billion.
Pfingsten has acquired Pleasanton, California-based Full Spectrum Group, a provider of repair, maintenance and validation services for laboratory instrumentation. No financial terms were disclosed for the deal that was done in partnership with Full Spectrum's founders Tom Fider, Alan Chan and John Martin.
An investor group led by Upper Bay Infrastructure Partners has acquired Vancouver, Washington-based Tidewater Transportation & Terminals, a transportation and terminal company. The seller was Stonepeak Infrastructure Partners. No financial terms were disclosed. Evercore acted as financial adviser to Stonepeak on the deal.
National Express Wash has acquired El Car Wash. Financial terms weren’t announced. El Car Wash owns and develops car wash locations in Miami and the broader South Florida market. National Express is backed by Wafra Inc, Audrose Partners and Fireside Investments.
TheStreet Inc said Feb. 14 that it closed the sales of The Deal and BoardEx to Euromoney Institutional Investor PLC. The transaction was announced in December.
Canaccord Genuity Group Inc said Feb. 13 that it acquired Petsky Prunier. Terms of the deal call for Petsky to receive C$40.0 million (US$30.0 million) in cash and C$20.0 million (US$15.0 million) in Cannaccord shares. Petsky will get another C$53.2 million (US$40.0 million) in additional contingent consideration that will be paid in cash over a four-year period subject to meeting certain revenue targets over that period. Petsky Prunier, of New York, is an investment bank focused on mid-market technology, media, marketing, information & services and healthcare industries. All Petsky Prunier partners have entered into employment agreements with Canaccord Genuity.
Bow River Capital has agreed to recapitalize Kivu Consulting, a cybersecurity consulting firm. No financial terms were disclosed. Bryan Cave Leighton Paisner LLP served as legal adviser to Bow River.
1 Priority Environmental Services LLC, a portfolio company of O2 Investment Partners, has acquired Earth Services & Abatement Inc. Financial terms weren’t announced. Earth Services provides environmental remediation and selective demolition services in the Rocky Mountain and Midwest regions.
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