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SunTx Capital completes a dividend recap of Construction Partners

SunTx Capital Partners has refinanced most of the debt of Construction Partners, Inc., an infrastructure and road construction company in the southeast. SunTx has consolidated the company’s borrowings into a simplified credit structure. Proceeds from the refinancing will go to SunTx and be used to support company growth. Financial terms of the refinancing were not disclosed.

PE-backed LBC to sell six TV stations to Gannett for $215 mln

London Broadcasting Company, a portfolio company of SunTx Capital Partners, has agreed to sell six Texas-based television stations to Gannett Co. for $215 million in cash. The transaction is expected to be completed this summer. Following the closing, Phil Hurley, current executive vice president and COO of LBC, will join Gannett and run the six stations.

SunTx Capital Partners Sells Huron Inc.

Dallas-based SunTX Capital Partners has sold its portfolio company, Huron, a Lexington, Mich.-based supplier of tubular assemblies and precision-machined products. Terms of the sale, to a “financial sponsor,” were not disclosed.

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