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Stellex Capital Management LP has made an investment in Odessa, Texas-based Cisco Equipment, a provider of equipment, services, parts and supplies to the midstream infrastructure, general construction, agriculture and general industrial markets. No financial terms were disclosed for the transaction that was done in partnership with Christopher J. Sibert.
One Rock Capital Partners agreed to buy the plastics distribution business of Nexeo Solutions Inc. The deal will follow Nexeo's pending acquisition by Univar Inc. The acquisition will create a standalone plastics distribution business.
DexKo Global, a portfolio company of KPS Capital Partners, has agreed to acquire Preston Chassis Industries Pty Ltd. No financial terms were disclosed. Based in Australia, PCI is a provider of chassis.
1 Priority Environmental Services, a portfolio company of O2 Investment Partners LLC, has closed a merger with Earth Services & Abatement Inc, a provider of environmental remediation and selective demolition services in the Rocky Mountain and Midwest regions. No financial terms were disclosed.
Airgas, a subsidiary of Air Liquide, has agreed to acquire Tech Air, a distributor of industrial gases and welding supplies serving various geographies in the U.S. No financial terms were disclosed. Tech Air is backed by CI Capital Partners.
Boyne Capital has acquired Kansas City, Missouri-based Adapt Laser Systems, a provider of laser cleaning solutions. No financial terms were disclosed.
Z Capital Partners LLC said Feb. 6 that it acquired Techniks Tool Group. Financial terms weren’t announced. Techniks Tool, of Indianapolis, provides tool holding and workholding products used in CNC machine applications for industrial end markets.
Lasko, a portfolio company of Comvest Partners and its executive partner JW Levin Management Partners, has acquired Azusa, California-based B-Air, a provider of air movement products. No financial terms were disclosed.
Moody's, S&P, credit ratings, bankruptcy, default, private equity, retail
After a rough year, 88 companies, a quarter of them from the retail sector, will look forward to a fresh start. These PE-sponsored companies received distressed ratings. They’re defined as holding credit ratings of B- or lower with a negative outlook from S&P or a corporate-family rating of Caa1 or lower with a negative outlook from […]
S&P, Weakest Links, private equity, default, bankruptcy, Avaya
Nearly six dozen companies have cause for concern as 2018 nears an end, and the honeymoon is over for Clayton, Dubilier & Rice and David’s Bridal. These are private equity-sponsored companies that received distressed ratings, defined as an issuer credit rating of B- or lower with a negative outlook from Standard & Poor’s or a […]

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