394 Views

Littlejohn buys PSC Industrial Holdings

Littlejohn & Co. has acquired PSC Industrial Holdings Corp, which was backed by Lindsay Goldberg. No financial terms were disclosed. Harris Williams advised PSC on the transaction. Based in Houston, PSC is a provider of specialty maintenance services and tech solutions to the downstream, utility, power generation, upstream and midstream sectors.

262 Views

Lindsay Goldberg to buy out TA Associates’ interest in Dealer Tire

Lindsay Goldberg has invested in Dealer Tire, LLC. Cleveland, Ohio-based Dealer Tire provides program management, logistics and information technology services to automobile manufacturers and dealers in selling replacement tires and parts. Part of the investment will be used to buyout the interest of TA Associates in the company.

top 10 gray & red shutterstock_121959277
160 Views

Top 10 posts

Trending on peHUB this week: Blackstone is raising its second “tactical opportunities” fund, fears of a correction in the secondaries market, and Fortress, GE Capital and SBJ are looking for talent.

143 Views

Flint Hill Resources to acquire PE-owned PetroLogistics for about $2.1 bln

Flint Hill Resources, a subsidiary of Koch Industries, has inked an agreement to buy PetroLogistics, which is owned by Lindsay Goldberg and York Capital. The value of the transaction is approximately $2.1 billion. The deal is expected to close before the end of the year. Goldman Sachs is providing financial advice to Flint Hills Resources while Morgan Stanley and Evercore Partners are serving as financial advisors to PetroLogistics. Headquartered in Houston, PetroLogistics is a producer of propylene.

Top 10 sign blue white shutterstock_102171166

Top 10 posts

Trending on peHUB this week: SEC scrutiny of PE funds, hedge funds piling into venture rounds, Warburg Pincus energy fund, Sun Capital, Cornerstone, PE interest in LA Clippers, Hawthorne Leisure, Greene King, Prosper, Lindsay Goldberg, First American Payment, and jobs at JPMorgan, Montana and SCG.

Lindsay Goldberg Invests in Value Place

Value Place said Tuesday that it has secured a $100 million capital investment from Lindsay Goldberg. The transaction was finalized on Dec. 27. Value Plan, a short -term residential property franchisor, will use the funds, plus successive investments, to add at least 50 new company locations while continuing to expand its current franchise base.

Lindsay Goldberg Expands JV with Odfjell

Odfjell, the tank storage company, is expanding its joint venture with Lindsay Goldberg to include substantially all of the company’s tank terminals business globally. The PE firm will acquire a 49% interest in Odfjell Terminals BV, which is the holding company for all of Odfjell’s tank terminals activities and Lindsay Goldberg will ”contribute its 49% share of the existing joint venture as well as a cash contribution to OTBV of approximately USD 226 million,” according to a statement.

Will First American Payment Finally Find a Buyer?

First American Payment, which is backed by Lindsay Goldberg, is reportedly up for sale. The payment processor produces about $80 million EBITDA and is looking to sell for 9x, Reuters says. First American last tried to sell itself in 2010, when several PE firms abandoned the auction.

NuStar Energy and Lindsay Goldberg in J-V

NuStar Energy has entered into a purchase and sale agreement with an affiliate of Lindsay Goldberg, a private investment firm, to create a joint venture that will own and operate NuStar’s asphalt refining assets and related working capital. NuStar and Lindsay Goldberg will each have a 50% voting interest in the joint venture and Lindsay […]

PetroLogistics Unveils IPO Pricing Expectations

PetroLogistics, a producer of propylene from propane, expects its initial public offering of 35 million shares to be priced between $19 and $21 a share, according to Reuters. The Houston-based company is majority-owned by private equity firm Lindsay Goldberg and investment firm York Capital. Reuters – PetroLogistics LP, which produces propylene from propane, said it […]

Lindsay Goldberg Acquires German Plastics Business

US-based private equity investor Lindsay Goldberg has acquired Weener Plastik AG, a German-headquartered manufacturer of plastic packaging. International investment banking firm Livingstone acted as exclusive financial advisor to the shareholder families of Weener. PRESS RELEASE Livingstone, the leading independent, international investment banking firm, is pleased to announce the recent sale of WEENER Plastik AG (“Weener” […]

PE Loses Out to Strategics in Water Deal

M&A, in the third quarter, is shaping up to be as tough as 2009, according to a story in the Wall Street Journal.

One deal is showing how PE firms continue to be outbid by cash-rich strategics.

In early September, ITT Corp. closed its buy of YSI (the deal was announced in July). Yellow Springs, Ohio-based YSI develops and makes sensors, instruments, software and data collection platforms used for environmental water monitoring. The company has about $300 million in annual revenue.

PE HUB Community

Join the 12514 members of PE HUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Look Who’s Tweeting

PE HUB News Briefs

RSS Feed Widget

VCJ Headlines (subscribers only)

RSS Feed Widget

Buyouts Headlines (subscribers only)

RSS Feed Widget