PEG Pipeline and Telecom


TPG Capital has agreed to acquire regional broadband services providers RCN Telecom Services and Grande Communications Networks from ABRY Partners, via a pair of separate transactions valued at $1.6 billion and $650 million, respectively.

I have been very luck to help some top telecom executive over last past few decades and yes I can now say decades with an “S” on the end.  From early mobile, long distance, satellite, and apps are the big hit or miss.  If you own an early stage app company or better yet a EBITDA telecom company, contact me at +1 858-869-9483 anytime.

Telecom Bloomberg

PEG PIEPLINE

• Advent International has agreed to acquire Fort Dearborn Co., an Elk Grove, Ill.-based provider of prime labels for the consumer goods industry, from KRG Capital Partners. No financial terms were disclosed, although earlier media reports suggested an $800 million price-tag. Losing bidders included The Carlyle Group and CCMP Capital Partners.

Advent International

• Aclara Technologies LLC, a Hazelwood, Mo.-based portfolio company of Sun Capital Partners, has acquired the smart grid business of Tollgrade Communications Inc., a Cranberry Township, Penn.-based portfolio company ofGolden Gate Capital. No financial terms were disclosed. www.aclaratech.com

• Axiom Materials, a Santa Ana, Calif.-based provider of composites development and manufacturing, has secured an undisclosed amount of private equity funding from Sorenson Capital. www.axiommaterials.com

• The Carlyle Group has agreed to acquire NetMotion Wireless Inc., a Seattle-based provider of mobile security software, from Clearlake Capital Group. No financial terms were disclosed for the deal, which is expected to close later this quarter. www.netmotionwireless.com

• Davalor Mold Corp., a Chesterfield, Mich.-based manufacturer of injection molded plastic products, has raised an undisclosed amount of private equity funding from Blackford Capital. www.davalor.com

• KKR is considering a takeover offer for Entertainment One Ltd. (LSE: ETO), a British television distributor that owns preschool cartoon Peppa Pig, according toBloomberg. The possible approach comes after Entertainment One rejected a bid from ITV PLC (LSE: ITV). Entertainment One has a current market cap just north of £1 billion.

KKR

• Norland Capital, Iconiq Capital and RIT Capital Partners have jointly acquired CSL, a UK-based provider of connectivity solutions for machine-to-machine communications, from Bowmark Capital. No financial terms were disclosed. www.csldual.com

• Oncap has agreed to acquire Tecta America Corp., a Rosemont, Ill.-based provider of commercial roofing services, from Oaktree Capital Management. The deal is valued at $280 million. www.tectaamerica.com

• Tall Tree Foods, a portfolio company of Altamont Capital Partners, has acquired The January Co., a Kent, Wash.-based manufacturer of Chinese-style meat products. No financial terms were disclosed. www.januarycompany.com

• Topspin Partners has acquired a majority stake in Texas Family Fitness, an operator of fitness clubs in suburban Dallas, from founder Trevor Rogers (who will retain an ownership stake). No financial terms were disclosed. Going forward, the company will be led by new CEO Aaron Watkins, former president of Gold’s Gym International Inc. www.texasfamilyfitness.com

TPG Capital has agreed to acquire regional broadband services providers RCN Telecom Services and Grande Communications Networks from ABRY Partners, via a pair of separate transactions valued at $1.6 billion and $650 million, respectively.

tpg capital

• Trident Maritime Systems, a Virginia-based portfolio company of J.F. Lehman & Co., has agreed to acquire Callenberg Technology Group, a Swedish maker of HVAC, electrical energy management and insulation systems for commercial and government vessels, from Wilhelmsen Maritime Services AS. No financial terms were disclosed. www.tridentmaritimesystems.com

• Velodyne LiDAR, a Morgan Hill, Calif.-based provider of  technology that lets self-driving cars see and avoid what’s around them, has raised $150 million in equity funding from Ford Motor Co. and Baidu.

Information provide by Associated Press, CB Insight, Crunchbase, Forbes, Market Watch, Reuters, and other sources.  Please check company website for best information.

Contact JD Morris anytime via text 858-869-9483 about $4 million plus EBITDA deals.  Our network of deal people can do billion dollar down to just few million dollar M&A deals.

Happy Networking,

JD Morris

JD Morris

Join me on LinkedIN: https://www.linkedin.com/in/jdmorris

 

 

 

 

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Author: JD Morris

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