John McNulty

2 weeks ago | peprofessional.com | John McNulty

Paceline Equity Partners has made a $40 million preferred equity investment in Kassel Mechanical Holdings as part of a broader recapitalization of the company and to fund the company’s acquisition of Arrow Electric. Kassel Mechanical is a provider of mechanical, electrical, plumbing, and fire suppression (MEPF) services to commercial and industrial facilities.

2 weeks ago | peprofessional.com | John McNulty

KSL Capital Partners has held a final close of its second tactical opportunities fund, KSL Capital Partners Tactical Opportunities II LP (Tac Opps II), with $1.44 billion in capital. Tac Opps II closed at its hard cap and was markedly higher than its original $1 billion target. Limited partners in the new fund include institutional and private investors such as sovereign wealth funds, public pension plans, foundations, asset managers, and family offices.

2 weeks ago | peprofessional.com | John McNulty

SK Capital has closed the sale of Florachem, a maker of plant-based ingredients, to Tradebe Life Sciences. Florachem formulates and manufactures naturally derived specialty ingredients including citrus terpenes, rosin esters, and pine oil fractions, which are used in applications across the flavor and fragrance, personal care, industrial cleaning, and adhesives and coatings markets. Florachem’s branded product lines include Florasolv, Florachem Terpenes, and Rosin-X.

2 weeks ago | peprofessional.com | John McNulty

Ballymore Safety Products, a portfolio company of One Equity Partners, has acquired Valley Craft Industries. Ballymore Safety Products is a manufacturer of steel, aluminum, and stainless steel rolling safety ladders, lifts, work platforms, fall protection systems, portable loading docks, lift tables, conveyors, stackers, and reach tools. The company’s products, most commonly used in retail and industrial environments, are sold through more than 1,800 industrial products distributors.

2 weeks ago | peprofessional.com | John McNulty

Brynwood Partners has agreed to sell Harvest Hill Beverage Company to Castillo Hermanos. The sale of Harvest Hill is the largest exit in Brynwood’s 40-year history. Centerview Capital co-invested in this transaction alongside Castillo Hermanos. Harvest Hill was formed in June 2014 following Brynwood’s acquisition of the Juicy Juice brand from Nestlé USA.