186 Views

Lovell Minnick Partners to sell majority stake in Mercer Advisors to Genstar

Genstar Capital has agreed to acquire a majority stake in Mercer Advisors from Lovell Minnick Partners. No financial terms were disclosed for the transaction that is expected to be completed in the second quarter of this year. Moelis & Company served as exclusive financial advisor to Mercer on the deal. Based in Santa Barbara, California, Mercer Advisors is a provider of wealth management services.

140 Views

Univita Health secures $40 mln loan

Univita Health said Tuesday it secured a $40 million credit facility from Genstar Capital and a private lender. Miramar, Fla.-based Univita provides post-acute and home healthcare solutions. GLC Advisors & Co. acted as financial advisor to Univita.

123 Views

Macquarie and Golub back NetSmart’s dividend recap

Macquarie CAF Lending and Golub Capital have provided a $250 million facility to support a dividend recap of NetSmart Technologies, said a source at the Macquarie Group. NetSmart Technlogies, which is backed by Genstar Capital, is a provider of electronic medical records for the behavioral health sector.

228 Views

Genstar Capital-backed ERT to acquire PHT Corp

EResearch Technology Inc, a portfolio company of Genstar Capital, has agreed to buy PHT Corp. No financial terms were disclosed. Jefferies LLC and Cain Brothers & Co. advised ERT on the transaction while Crosstree Capital Partners Inc was financial advisor to PHT. Headquartered in Boston, PHT helps collect patient-driven data via smartphones, tablets and the web.

175 Views

PE-backed Pretium Packaging buys Intertech Corp

Pretium Packaging, which is backed by Genstar Capital, has acquired Intertech Corp. No financial terms were disclosed. Mesirow Financial provided financial advice to Intertech Corp. on the transaction. Based in Greensboro, North Carolina, Intertech is a maker of stock, custom and plastic bottles.

122 Views

PE-backed MW Industries buys Helical Products Company

MW Industries, a portfolio company of Genstar Capital, has acquired Helical Products Company Inc. No financial terms were disclosed. Based in Santa Maria, California, Helical is a producer of standard and custom couplings, U-Joints, and machined springs.

216 Views

Genstar Capital completes Telestream acquisition

Thoma Bravo has closed its sale of Telestream to Genstar Capital. No financial terms were disclosed. Lazard provided financial advice to Telestream on the transaction. Based in Nevada City, California, Telestream is a provider of live and on-demand digital video tools and workflow solutions.

256 Views

Genstar Capital promotes four

Genstar Capital has promoted Rob S. Rutledge, Anthony J. Salewski, and Eli P. Weiss to managing directors. Also, the firm has promoted David J. Golde to principal. Genstar targets investments in the financial services, software, industrial technology and healthcare sectors.

278 Views

Thoma Bravo to sell Telestream to Genstar Capital

Genstar Capital has agreed to buy Telestream. The seller is Thoma Bravo. No financial terms were disclosed. Silverwood Partners was financial advisor on the transaction while Ropes & Gray was legal counsel to Genstar. Based in Nevada City, Calif., Telestream is a provider of live and on-demand digital video tools and workflow solutions.

139 Views

PE-backed Pretium Packaging buys Tri-Delta Plastics

Pretium Packaging, backed by Genstar Capital, has bought Tri-Delta Plastics. No financial terms were disclosed. P&M Corporate Finance provided financial advice to Tri-Delta and Thomas J. Dolan, owner and president of Tri-Delta. Based in Hillsborough, NJ, Tri-Delta is a maker of rigid packaging producting for the food, healthcare and household chemicals markets.

111 Views

PE-backed Tecomet completes OEM Solutions acquisition from Symmetry Medical

Tecomet, a portfolio company of Genstar Capital, has closed its buy of Symmetry Medical‘s OEM Solutions business. No financial terms were disclosed. UBS Investment Bank was financial advisor on the transaction. Symmetry Medical OEM Solutions is a provider of contract manufacturing and product solutions for the surgical instrument, orthopedic implant, sterilization case and tray markets.

Genstar-backed Palomar adds Bilot to advisory board

Palomar Insurance Holdings, which is backed by Genstar Capital, has appointed Daniel Bilot to its advisory board. Currently, Bilot is the CEO of Capital Risk Partners. Palomar provides commercial and residential earthquake insurance.

498 Views

TA Associates acquires stake in Insurity

Genstar Capital has sold a “significant” stake in Insurity to TA Associates. No financial terms were disclosed. Spurrier Capital Partners was financial advisor to Insurity on the transaction while Ropes & Gray represented Genstar. Also, TA Associates will be joining Genstar on Insurity’s board of directors. Based in Hartford, Conn., Insurity is a provider of core insurance processing, data integration and analysis solutions.

323 Views

Genstar Capital backs and merges iSqFt and BidClerk

Genstar Capital has invested in and merged Cincinnati-based iSqFt and Chicago-based BidClerk, two providers of project data, analytics and software tools for the construction sector. No financial terms were disclosed.

318 Views

Genstar-backed Asset International hires CFO

Asset International, which is backed by Genstar Capital, has named Carolyn Ullerick as its chief financial officer. Previously, Ullerick worked at Reed Elsevier’s LexisNexis Group where she served as global CFO. Headquartered in New York City, Asset International provides data and marketing solutions to the global asset management industry.

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