Huntsman Gay Global Capital Backs Validas

Validas, a global mobile intelligence provider has received backing from middle market private equity firm Huntsman Gay Global Capital. Terms of the transaction were not disclosed. PRESS RELEASE Validas, the world leader in global mobile intelligence, announced today that it has received a strategic investment from Huntsman Gay Global Capital, a leading middle market private […]

Huntsman Gay Buys Citadel Plastics

Middle-market buyout shop Huntsman Gay Global Capital has acquired Citadel Plastics Holdings Inc., a maker of specialty compounds for applications in the automotive, health care, electrical, appliance and construction markets. Citadel is based in West Chicago, Illinois. Terms of the acquisition were not released. PRESS RELEASE Huntsman Gay Global Capital, a leading middle market private […]

Plaza Belmont Sells Casa de Oro After 7 Years

Just weeks after selling Mama Rosa’s, Plaza Belmont has exited Casa de Oro Foods, a tortilla maker, for $20 million.

Gruma Corp., which owns Mission Tortillas, is buying all of Casa de Oro including the company’s tortilla production assets, inventories, brand and customer lists. Plaza Belmont, which had a majority stake, is selling its holding. Others exiting include MidStates Capital, Kansas Venture Capital, Midwest Venture Capital and Lewis & Clark Holdings, and Bank Midwest of Kansas City, according to a statement.

“It was 100% sale of all the assets,” says Bob Parnow, Plaza Belmont’s president and COO. “We are out of the tortilla business.”

Huntsman Gay’s iCongo Completes Merger with Hybris

E-commerce software company iCongo, which is backed my middle-market private equity investor Huntsman Gay Global Capital, has completed its merger with Hybris, a commerce software company. The companies’ management teams and shareholders invested alongside Huntsman Gay to retain a significant minority ownership stake. Terms of the deal were not released. The new company will operate under the Hybris name.

Huntsman Gay Eats Up MaMa Rosa’s

Plaza Belmont Management Group has exited from Mama Rosa’s Pizza after five years.

Huntsman Gay Global Capital is the buyer. Financial terms of the deal, which closed Monday, weren’t announced. Huntsman bought all of MaMa Rosa’s, a spokesman says.

Sidney, Ohio-based MaMa Rosa’s sells refrigerated pizza’s–not frozen, mind you–that can be found in the deli/meat or dairy section of a grocery store. MaMa Rosa’s sells more than 3 million cases of large pizzas and mini snack pizza’s annually. It also offers refrigerated pizza products under the Mama Angelina’s, Our Old Italian and Lean Lifestyle brands, according to a statement.

Huntsman Gay Exits Grand Isle Shipyard

Middle-market buyout shop Huntsman Gay Global Capital has exited its investment in oilfield maintenance services company Grand Isle Shipyard. NANA Development Corp., based in Anchorage, Alaska, acquired the company. The sale is Huntsman Gay’s first exit since it closed its debut $1.1 billion fund in July of 2009. Terms of the sale were not disclosed.

Huntsman Invests in iCongo to Tap into Multi-Channel B2C Sales

Huntsman Gay Global Capital, a middle market PE firm, has invested in iCongo, which provides a software portal that lets B2C and B2B companies transact business online. Huntsman Gay made the investment because it is betting that the next generation of growth in the business-to-consumer space will be multi-channel sales. And iCongo has software that […]

PE-backed iQor Buys BPO Firm, Adds Financing

New York-based iQor Holdings has acquired business process outsourcing company RMS. Financial terms of the deal were not released. In addition to the acquisition, iQor also raised an undisclosed amount of funding from its majority shareholder Huntsman Gay Global Capital, and from Citi Venture Capital International and Starr International Company. Chicago-based Guggenheim Partners provided debt financing. RMS is based in Bethlehem, Penn.

T&D Solutions Acquires E&R Inc.

T&D Solutions, which is backed by Huntsman Gay Global Capital, has acquired E&R Inc., a Kinston, N.C. provider of power line maintenance company in North Caroline. Financial terms were not disclosed. E&R’s management team will remain in place and retain a significant stake. T&D Solutions, of Alexandria, La., provides construction and maintenance services for electric transmission and distribution lines throughout the Gulf States. Huntsman Gay Global is a PE firm.

Huntsman Gay Invests in Associated Diversified Services

Huntsman Gay Global Capital has invested in Associated Diversified Services. Terms of the deal weren’t disclosed. Associated Diversified, of Hartselle, Ala., is a powerline construction and maintenance company. Huntsman Gay Global is a middle market PE firm.

Huntsman Gay takes stake in iQor

Huntsman Gay Global Capital, a middle market private equity firm, has taken a majority holding in iQor Holdings, a New York-based outsourcing company, the private equity firm announced. The details of the deal have not been disclosed. iQor claims more than $350 million in revenue for 2009, with 11,000 employees in 21 locations in North America, Europe, India and Asia.

Steve Young of Huntsman Gay on Deploying a New Fund In a Slow Market

Huntsman Gay Global Capital is a new fund in deal-doing mode during a painfully slow time for buyouts. How is the firm approaching the deal market?

We’re busier now than we were a year ago. Right now M&A is more event-driven with business owners still out there wanting to diversify risk and take chips off the table. It seems sellers expectations are finally beginning to moderate on price a bit. In this unique environment,

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