Tech Air buys L&M Welding Supply

Tech Air, a CI Capital Partners portfolio company, said Monday it has acquired L&M Welding Supply Inc. Financial terms weren’t announced. Mobile, Alabama-baed L&M distributes welding supplies and industrial equipment to the military, shipbuilding, and power industries on the Gulf Coast.

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CI Capital to sell Interactive Health to FFL

FFL has agreed to acquire Interactive Health from CI Capital Partners. No financial terms were disclosed. Interactive Health is a provider of workplace wellness solutions to companies in the U.S.

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Centerbridge to buy KIK Custom Products from CI Capital

Centerbridge Partners LP has agreed to buy KIK Custom Products from CI Capital Partners. Financial terms weren’t announced but Reuters valued the deal at $1.6 billion. Concord, Ontario-based KIK makes consumer packaged goods for brands and retailers. BMO Capital Markets is providing debt financing. Morgan Stanley & Co. LLC and Rothschild advised KIK while Barclays is providing financial advice to Centerbridge.

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PE-owned Tech Air buys Geneva

Tech Air, which is owned by CI Capital Partners, has acquired Geneva Gas & Supply Inc. No financial terms were disclosed. Based in Los Angeles, Geneva is an industrial gas and welding supply company.

SK Capital hires executive from CI Capital as CFO

SK Capital Partners has hired Jerry Truzzolino as chief financial officer from CI Capital Partners. Truzzolino previously worked at Neuberger Berman as senior vice president and co-head of the finance group. The firm also promoted Philip Marxen to principal from vice president. Marxen joined SK Capital in early 2014.

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PE-owned Tech Air acquires McGinnis Welding Supply

Tech Air, which is owned by CI Capital Partners, has bought Wichita Falls, Texas-based McGinnis Welding Supply. No financial terms were disclosed. McGinnis is a distributor of industrial, specialty and medical gases.

PE-owned Maroon Group buys Addipel

Maroon Group, which is owned by CI Capital Partners, has acquired Addipel. No financial terms were disclosed. Based in Avon Lake, Ohio, Addipel is a custom blender and re-packager of specialty chemicals.

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PE-owned Tech Air buys US Oxygen and Specialty Air Technologies

Tech Air, which is owned by CI Capital Partners, has acquired US Oxygen and Specialty Air Technologies. No financial terms were disclosed. Based in Arlington, Texas, US Oxygen is a producer of industrial, specialty and medical gases in the Dallas-Fort Worth area. Specialty Air Technologies, which is located in Long Beach, Calif., is a provider of specialty gas products.

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PE-owned Galls buys Best Uniforms

Galls, which is owned by CI Capital Partners, has acquired Best Uniforms. No financial terms were disclosed. Based in Wilmington, NC, Best Uniforms is a provider of uniforms to police, fire, EMS, industrial, transit and hospitality employees.

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CI Capital invests in Maroon

CI Capital Partners has acquired a majority stake in Maroon Group (which has changed its name from Maroon Inc). No financial terms were disclosed. Paul, Weiss, Rifkind, Wharton & Garrison served as advisor to CI Capital on the transaction while Bruml Capital and Meyers, Roman, Friedberg & Lewis advised Maroon. Based in Avon, Ohio, Maroon is a North American distributor of specialty chemicals.

lefkowitz
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Lefkowitz leaves CI Capital

Steve Lefkowitz, president and COO of CI Capital Partners, is leaving the firm, according to a letter to LPs obtained by peHUB.

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Charlesbank Capital Partners buys American Residential Services

Charlesbank Capital Partners has acquired American Residential Services from CI Capital Partners and Royal Palm Capital Partners. No financial terms were disclosed. Berenson & Company and Paul, Weiss, Rifkind, Wharton & Garrison advised ARS on the transaction while Metronome Partners, RBC Capital Markets and Goodwin Procter advised Charlesbank. Based in Memphis, Tenn., ARS is a provider of heating and air conditioning and plumbing services.

Total Fleet Solutions and The Miner Corporation Merge

Total Fleet Solutions, a Holland, Oh.-based fleet management services company, has merged with San Antonio, Tex.-based The Miner Corporation, which sells facilities services (from loading docks to storefront glass to commercial doors) to a wide range of industries. Terms of the deal were not disclosed, but Total Fleet Solutions is backed by the private equity firm CI Capital Partners.

CI Capital Partners Acquires Material Handling Services

Prospect Capital Corporation has provided a $28 million senior secured loan to support the acquisition of Material Handling Services (TFS), by CI Capital Partners. Based in Holland, Ohio, TFS is a provider of brand-independent fleet management services to Fortune 1000 companies. PRESS RELEASE Prospect Capital Corporation (NASDAQ: PSEC) (“Prospect”) announced today that Prospect has provided […]

PE-Backed Galls Merges with Quartermaster

Galls, a distributor of public safety, first responder and private security products owned by private equity firm CI Capital Partners, has merged with Quartermaster Inc. Terms of the deal were not released. Cerritos, Calif.-based Quartermaster is a specialty distributor of public safety products.

CI Capital Strikes Interactive Health Deal

CI Capital Partners, the New York private equity firm, will acquire Interactive Health Solutions Inc., the provider of health and wellness solutions for terms undisclosed. MidCap Financial, Solar Capital and PennantPark Investment Corporation provided financing for the transaction.TripleTree LLC acted as financial advisor to IHS. Pepper Hamilton LLP provided legal counsel to IHS and Paul, Weiss, Rifkind, Wharton & Garrison LLP provided legal counsel to CI Capital.

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