Gryphon Investors adds Grady as a partner

Gryphon Investors has hired Robert E. Grady as a partner. The appointment becomes effective March 2. In his new position, Grady will head the firm’s general industries group. Previously, Grady worked at the Cheyenne Capital Fund where he served as a general partner and managing director. Also, Grady is a former partner, managing director and global head of venture and growth capital at The Carlyle Group.

McGann named CEO of K&N Engineering

K&N Engineering, a portfolio company of Gryphon Investors, said Thursday that Tom McGann has joined as CEO. Most recently, McGann was the President and CEO of Spyder Active Sports. Riverside, California-based K&N makes washable performance air filters and air intake systems.


Gryphon Investors buys stake in C.B. Fleet Company

Gryphon Investors has acquired a majority stake in C.B. Fleet Company, which makes personal healthcare products like Summer’s Eve and Pedia-Lax. Fleet’s management team, along with several other investors, will hold minority stakes in the company. Terms of the deal were not disclosed. As part of the deal, Steve LaMonte, a Gryphon advisor, will become chairman of the board.


Grypon acquires majority stake in Fleet Laboratories

Gryphon has made an undisclosed investment in Fleet Laboratories. Houlihan Lokey provided financial advice to Gryphon on the transaction while TM Capital Corp. was exclusive financial advisor to Fleet. Also, Steve LaMonte, a Gryphon advisor, has been appointed Fleet Laboratories’ board chairman. Based in Lynchburg, Virginia, Fleet Laboratories is a consumer healthcare manufacturer.


Orchid Underwriters partners with Gryphon Investors

Orchid Underwriters, an underwriter of property insurance focusing on coastal properties, has secured backing from Gryphon Investors. CEO Michael Ray and president Brad Emmons have retained a significant ownership position in the company and will continue to lead Orchid after the closing of the transaction. Terms of the deal were not disclosed.


Gryphon-backed DLC buys Beacon Resources

DLC, a portfolio company of Gryphon Investors, has acquired Beacon Resources. No financial terms were disclosed. Based in Newport Beach, Calif., Beacon is a finance, accounting staff and executive search firm.

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Gryphon Closes Sales of TrustHouse to Elior

Gryphon Investors has completed the sale of TrustHouse Services Group, a Charlotte, N.C.-based contract food service provider, to Elior SCA. Financial terms weren’t announced. Gryphon invested in TrustHouse in 2008. The sale to Elicor was announced in March.

Synteract and Harrison Clinical Research Close Deal

Synteract, a full-service contract research organization has completed its acquisition of Harrison Clinical Research to form a new multinational business – SynteractHCR. Synteract is a portfolio company of San Francisco-based Gryphon Investors.

Synteract Inks Buy of Harrison Clinical

Synteract, which is backed by Gryphon Investors, has agreed to buy Harrison Clinical Research. Financial terms were not announced. Munich, Germany-based Harrison is a clinical research company.

Envision EMI Names Richards CEO

John B. Richards has been named CEO of Envision EMI, the educational programs provider. Most recently, he served as CEO of Gift Corp. He replaces Will Lynn, partner & EVP of Gryphon Investors, who remains as Envision EMI’s president. Lynn had been serving as interim CEO. PRESS RELEASE: Richards Brings More than 30 Years of […]

Trusthouse Merges with Lindley Food

TrustHouse Services Group, which is backed by Gryphon Investors, has merged with Lindley Food Service. Financial terms weren’t disclosed. New Haven, Conn.-based Lindley Food specializes in the education and healthcare food service sector. Trusthouse also provides food services and manages over 420 client accounts across 34 states. PRESS RELEASE TrustHouse Services Group, a leading Healthcare, […]

Gryphon Investors Buys K&N Engineering

Middle-market private equity firm Gryphon Investors has acquired a majority stake in Riverside, Calif.-based K&N Engineering, a provider of air and oil filtration products for the automobile industry. Terms of the deal were not released.


Babson Capital Backs Trinity

Babson Capital Management, an investment management firm based in Springfield and Boston, Mass., and Charlotte, N.C. has provided $7.2 million of mezzanine debt financing to support Gryphon Investors’ acquisition of Trinity Consultants. Dallas-based Trinity Consultants, with offices nationwide and in China and the Middle East, is an environmental consulting company specializing in industrial air quality […]

Gryphon Investors Completes Trinity Deal

Middle-market private equity shop Gryphon Investors has completed its acquisition of Trinity Consultants. Terms of the deal were not released. Trinity is a Dallas-based provider of air quality compliance and permitting services. Gryphon Investors is based in San Francisco. As part of the deal, NXT Capital announced Wednesday that it provided a $45 million senior credit facility to fund the acquisition.

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