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Manufacturing transactions

    • has been acquired by

    Diesel Cast Welding

    Founded in 1973, Diesel Cast Welding (“DCW”) is a leading producer of new aftermarket and remanufactured cylinder heads, engine blocks, connecting rods, and crankshafts for heavy duty diesel engines in Class 8 trucks and equipment for agriculture, construction, oil, mining, logging, industrial / generation, and marine. DCW products are a high quality, factory-specification alternative to OEM parts for nearly all of the leading diesel engines used in North America—including older models no longer supported by their manufacturers.  The Company is headquartered in Minneapolis, Minnesota, and has an additional production location in Portland, Oregon, with components sourced from a variety of suppliers in the US, China, India, United Kingdom and Argentina.

     

    Warren Equity Partners

    Warren Equity Partners is a private equity firm that invests in small and middle market operating companies primarily in North America. The firm invests in established companies where additional capital and operating resources can accelerate growth, targeting companies in the industrial, infrastructure, and business services sectors. Warren Equity is headquartered in Jacksonville, Florida.

    • has been acquired by

    DCA Manufacturing

    DCA Manufacturing, headquartered in Cumberland, WI, specializes in electronic manufacturing services, including printed circuit boards and electromechanical assembly.

     

    Debron Industrial Electronics

    Debron Industrial Electronics, headquartered in Troy, MI, is a manufacturer of electronic controls, wire and cable harness and printed circuit board assemblies.  Debron is a a portfolio company of The Mendota Group in partnership with Holleway Capital, Kansas Venture Capital and Capital for Business.

    • and
    • have been acquired by

    Du Fresne Manufacturing

    Du Fresne Manufacturing, headquartered in White Bear Lake, MN, is a leading contract manufacturer of precision sheet metal fabrications and finished component assemblies with value-added engineering services, including product design / development, prototyping, and Design for Manufacturability.

    Color Technologies

    Color Technologies, headquartered in Roseville, MN, is a leading provider of finishing services metal fabrication industry.  Capabilities include liquid paint and powder coating, silk screening, and more.

    Lake Air Companies

    Lake Air Companies, headquartered in Minneapolis, MN, is a precision manufacturer of metal products with deep expertise in sheet metal and structural fabrication, machining, stamping, tool design and build, and electromechanical assembly serving industrial OEMs in the medical, turf care, industrial, automotive and aerospace industries.

    • has been acquired by
    • Spell Capital Logo

    Polar Plastics

    Polar Plastics is a St. Paul-based manufacturer of plastic film and low density polyethylene products.  The Company’s plastic sheeting, film, and bags are used in a wide variety of end markets and applications including packaging, logistics, home improvement, consumer, and more.  Products are sold through mass retail and distribution under the Polar Plastics brand and private label.

     

    Spell Capital

    Spell Capital Partners is a Minneapolis-based private equity group with a focus on well-managed, historically profitable industrial manufacturing businesses. Spell Capital Partners is currently investing out of its fifth fund.

    • has been acquired by
    • Spell Capital Logo

    Viking Engineering & Development

    Based in Minneapolis, Viking Engineering specializes in in the design and manufacturing of state-of-the art machinery for automated wood pallet and bedding production, along with related fasteners, replacement parts and service.  Viking has been the industry standard since 1975 with several thousand machines in service worldwide.

     

    Spell Capital Partners

    Spell Capital Partners is a Minneapolis-based private equity group with a focus on well-managed, historically profitable industrial manufacturing businesses. Spell Capital Partners is currently investing out of its fifth fund.

    • has been acquired by

    Lake Air Companies

    Minneapolis-based Lake Air Companies is a value-added precision manufacturer of metal products with deep expertise in sheet metal and structural fabrication, machining, stamping, tool design and build, and electromechanical assembly.  The Company serves a wide variety of OEMs across the medical, turf care, industrial, automotive and aerospace segments.

    The Mendota Group

    The Mendota Group, based in Madison, WI focuses on private investments to support ownership transition and growth opportunities.  The Mendota Group acquired Lake Air Companies in partnership with Chicago-based Aldine Capital and St. Louis-based Capital for Business.

    • has been acquired by
    • a portfolio company of

    Custom Headed Products

    Custom Headed Products, Inc. is a North Branch, Minnesota-based manufacturer of value-added specialty component parts for OEMs in the recreational vehicle, automotive, agricultural equipment, and other industries.  Founded in 2000, the CHP’s products include various high quality fasteners, axels, and bent parts using cold forming and machining processes.

     

    Wisconsin Coil Spring

    Wisconsin Coil Spring is a Muskego, Wisconsin leading international supplier of custom designed metal components including precision mechanical springs, wire forms and flat springs along with related assemblies.  Wisconsin Coil Spring serves markets including automotive, appliance, consumer products, construction equipment, lawn and garden, electrical power systems and a range of industrial products.

    • has been acquired by
    • a portfolio company of

    Idle Free Systems

    Idle Free Systems, headquartered in Madison, Wisconsin, is an innovative provider of complete, idle elimination solutions for the over-the-road, day cab, and work truck markets. The Idle Free electric APU offers drivers and fleet operators a flexible, cost-effective alternative to discretionary idling without compromising performance, cost savings or driver comfort while reducing emissions for a cleaner environment.

    Phillips & Temro Industries

    Phillips and Temro Industries, headquartered in Eden Prairie, Minnesota, is a leading global supplier of engineered thermal solutions, systems and controls. With facilities in North America, Europe, and Asia, the company serves the heavy duty truck, off-highway, oil & gas, power generation, automotive, and electric/hybrid vehicle end markets.  Phillips & Temro Industries is a portfolio company of Audax Group, a Boston-based private equity sponsor.

    • The Arrow Industrial and Stremel Manufacturing Divisions of
    • have been acquired by

    Arrow Industrial

    Arrow Industrial provides high precision fabricated components to the aerospace and medical industries.  It supplies assemblies to Eaton, Ducommun, Lockheed Martin, ITT Exelis, and Honeywell for aircraft programs including the Boeing 787, 737, and 777; Gulfstream 650/550; F-35, F-22, B-52 and many others.  Arrow also supplies components used in medical devices for Medtronic, Terumo, and others.  Arrow Industrial, based in Denver, Colorado is a former division of Premier Precision Group.

    Stremel Manufacturing

    Stremel Manufacturing provides high precision fabricated components to the aerospace industry.  Products include assemblies used in munitions, weapons pylons, aircraft doors, and much more.  Stremel supplies Boeing, Goodrich, Honeywell, Eaton, Raytheon and other top aerospace OEMs for aircraft/munitions programs including the JDAM, Small Diameter Bomb, C-5 Galaxy, Ah-64 Apache, F-18 Hornet, and many more.  Stremel Manufacturing, based in Minneapolis, Minnesota, is a former division of Premier Precision Group.

    Chandler Industries:

    Chandler Industries is a Montevideo, Minnesota-based precision manufacturer of components and sub-assemblies for a wide variety of demanding customer applications. Chandler provides integrated services from initial product design and prototypes to product development and testing, right through full production CNC machining.  Chandler Industries is a portfolio company of St. Louis, Missouri-based private equity group Arch Equity Partners.

    • has been acquired by

    Pacific Press Technologies

    Pacific Press Technologies is engaged in the manufacture and service of press brakes, hydraulic presses, and shears for industrial metal forming applications—with a specialty in the niche, customized and high tonnage segment of the market.  Pacific Press Technologies, based in Mount Carmel, Illinois, is a former division of Capital Equipment Group.

    Quality Products, Inc.

    Quality Products, Inc. is a Columbus, Ohio-based manufacturer and distributor of capital equipment for the aircraft ground support and hydraulic press markets.

    • has been acquired by

    Spectrum Products

    Spectrum Products is a complete provider of commercial swimming pool deck equipment for schools, hotels, recreational centers, fitness clubs, and therapy/rehabilitation facilities.  Spectrum utilizes the highest quality materials to make durable equipment including assisted access lifts, lifeguard chairs, rail goods and ladders, starting platforms and thermal pool blankets.  Spectrum Products is based in Missoula, Montana.

    PlayCore

    PlayCore is a Chattanooga, Tennessee-based leader in the design, manufacture, and marketing of a broad range of commercial and consumer playground and park equipment, surfacing, site amenity, fitness, and related play products. PlayCore operates under the following family of brands: GameTime, UltraSite, UltraShelter, UltraPlay, GT Grandstands, Snug, Play & Park Structures, TotTurf, Everlast Climbing, and Swing-N-Slide. PlayCore is a portfolio company of New York-based private equity group Irving Place Capital.

    • has been acquired by

    Quality Tool

    Quality Tool is an engineering-focused provider of precision metal fabrication, stamping, machining, bus bar and design services to diversified industrial, medical, technology, telecommunications and defense industries. The Company utilizes a sophisticated design services/engineering team, LEAN manufacturing practices, and state-of-the-art equipment to produce high quality components with short lead times.  Quality Tool is based in St. Paul, Minnesota.

    Demmer Corporation

    Demmer Corporation is a Lansing, Michigan-based vertically-integrated manufacturer that provides fabrication, machining, assembly and integration to companies in the defense, aerospace, automotive, energy, and transportation industries.  Demmer employs over two million square feet of state-of-the-art production space to produce components and performs assembly for battle tanks, personnel carriers, bomb-resistant vehicles, and much more.

    • has been acquired by

    Tonka Equipment Company

    Tonka Equipment Company is a leading manufacturer of customized drinking water treatment systems for the municipal market.  While it is focused primarily on the North American municipal drinking water market, Tonka’s water treatment expertise has also found effective applications in tertiary water filtration, environmental remediation and industrial process projects. The Company provides a broad line of proprietary gravity, pressure and membrane filtration systems suitable for treatment of a wide variety of ground and surface waters.  Tonka Equipment Company is based in Plymouth, Minnesota.

    Meriwether Capital

    Meriwether Capital is an investment firm founded in 1976 to acquire profitable lower middle-market manufacturing, distribution or service companies for long-term investment.  The firm typically partners with the existing management team of its portfolio companies to build lasting value.  Meriwether Capital is based in New York, New York.

    • has been acquired by

    Door Engineering and Manufacturing

    Door Engineering and Manufacturing is a maker of custom design and engineered doors for specialty industrial, aviation, governmental and agribusiness applications. Products manufactured include; Bottom Rolling Hanger Doors, Four-Fold and Bi-Fold Doors, Craneway Doors, Vertical Lift Doors, Fire Doors, Industrial Sliding Doors and Clean Room Doors. The Company is based in Kasota, Minnesota, and operates under the Door Engineering and American Metal Door brand names.

    The Mendota Group

    The Mendota Group acquires small to medium-sized manufacturing, distribution and service businesses that are either privately owned or subsidiaries/divisions of publicly owned companies.  Their preference is for businesses in the Upper Midwest that provide opportunities to significantly enhance value through increased efficiency, growth and acquisition.  The Mendota Group is based in Madison, Wisconsin.

    • has been acquired by

    Jonaco Machine

    Jonaco Machine is precision machining supplier for the aerospace/defense, medical, and high technology industries, utilizing the latest in production technology with a variety of metals, alloys, castings, and plastics to create high quality components.  Jonaco Machine is based in Chaska, Minnesota.

    Demmer Corporation

    Demmer Corporation is a Lansing, Michigan-based vertically-integrated manufacturer that provides fabrication, machining, assembly and integration to companies in the defense, aerospace, automotive, energy, and transportation industries. Demmer employs over two million square feet of state-of-the-art production space to produce components and performs assembly for battle tanks, personnel carriers, bomb-resistant vehicles, and much more.

    • has been acquired by
    • Spell Capital Logo

    Arctic Fox

    Arctic Fox is a leading supplier of high quality, proprietary components to the heavy-duty trucking and off-highway equipment markets.  The Company manufactures and sells their own line of patented fuel and fluid heating products as well as sells systems to OEMs and aftermarket dealers.  Arctic Fox is based in Delano, Minnesota.

    Spell Capital Partners

    Spell Capital Partners is a private equity and buyout firm based in Minneapolis, Minnesota.  Spell is  engaged in the acquisition of controlling interests in well-managed, historically profitable manufacturing or distribution businesses.  Spell Capital uses its expertise in acquisitions and financing to grow the businesses in which they invest, both internally and through add-on acquisitions.

    • has been acquired by

    Spartan Products

    Spartan Products has manufactured steel and aluminum trailers for boats, snowmobiles, and recreational watercraft. Spartan was the oldest continuing manufacturer of boat trailers in the United States and based in Minneapolis, Minnesota.

    MET-TEK

    MET-TEK is a St. Paul, Minnesota-based full-service steel fabricator. The company fabricates steel from components to complex  assemblies and prototypes to full scale production.

    • has been acquired by

    ELO Engineering

    ELO Engineering is a complete precision metal fabricator that serves the transportation/aviation, medical device, industrial equipment and electronics industries.  ELO utilizes the latest in laser cutting technology, a flexible manufacturing system, CNC machine tools, robotic welding and a full scale liquid/powder paint shop.  ELO Engineering is based in Fridley, Minnesota.

    Demmer Corporation

    Demmer Corporation is a Lansing, Michigan-based vertically-integrated manufacturer that provides fabrication, machining, assembly and integration to companies in the defense, aerospace, automotive, energy, and transportation industries. Demmer employs over two million square feet of state-of-the-art production space to produce components and performs assembly for battle tanks, personnel carriers, bomb-resistant vehicles, and much more.

    • The Stewart Manufacturing and Special Processing Divisions of
    • have been acquired by

    Stewart Manufacturing and Special Processing

    Stewart Manufacturing and Special Processing provides high precision machined and fabricated components along with anodizing, passivation and other surface treatments to the commercial aerospace industry.  Products include auxiliary power units, various housings, turbofan engines, environmental control units and much more.  Stewart Manufacturing and Special Processing, based in Phoenix, Arizona, are former divisions of Premier Precision Group.

    Noranco

    Noranco is a world class, integrated manufacturer and solutions provider to the global commercial and military aerospace sectors. Producing aero-structure, landing gear and aero-engine products, Noranco provides value through a wide range of sophisticated capabilities including design, prototyping, complex precision machining and sheet metal fabrication, processing, assembly, kitting, testing and supply chain management.  Noranco, based in Toronto, Canada, is a former portfolio company of Bedford Capital.

    • has been acquired by

    Infinity Precision

    Infinity Precision specializes in customized wet process, drying and chemical handling systems that offer precision process control. The Company provides these manufacturing processes for precision components that often require wet process steps such as etching, coating, cleaning, passivating, priming, developing and drying.  Infinity Precision is based in Chanhassan, Minnesota.

    Brass Ring Capital, et al

    Infinity Precision was acquired by a group of investors including Brass Ring Capital, Lewis & Clark Equities, Invest Northwest and Minnesota Investment Network. The acquisition was led by Brass Ring Capital, a private equity firm with offices in Minneapolis and Milwaukee.  The firm is focused on addressing the equity and liquidity needs of small business owners in the Upper Midwest with profitable, niche companies generating revenues of $5 – $25 million.

    • has been acquired by

    Diesel Cast Welding

    Founded in 1973, Diesel Cast Welding (“DCW”) is a leading producer of new aftermarket and remanufactured cylinder heads, engine blocks, connecting rods, and crankshafts for heavy duty diesel engines in Class 8 trucks and equipment for agriculture, construction, oil, mining, logging, industrial / generation, and marine. DCW products are a high quality, factory-specification alternative to OEM parts for nearly all of the leading diesel engines used in North America—including older models no longer supported by their manufacturers.  The Company is headquartered in Minneapolis, Minnesota, and has an additional production location in Portland, Oregon, with components sourced from a variety of suppliers in the US, China, India, United Kingdom and Argentina.

     

    Warren Equity Partners

    Warren Equity Partners is a private equity firm that invests in small and middle market operating companies primarily in North America. The firm invests in established companies where additional capital and operating resources can accelerate growth, targeting companies in the industrial, infrastructure, and business services sectors. Warren Equity is headquartered in Jacksonville, Florida.

    • has been acquired by

    DCA Manufacturing

    DCA Manufacturing, headquartered in Cumberland, WI, specializes in electronic manufacturing services, including printed circuit boards and electromechanical assembly.

     

    Debron Industrial Electronics

    Debron Industrial Electronics, headquartered in Troy, MI, is a manufacturer of electronic controls, wire and cable harness and printed circuit board assemblies.  Debron is a a portfolio company of The Mendota Group in partnership with Holleway Capital, Kansas Venture Capital and Capital for Business.

    • and
    • have been acquired by

    Du Fresne Manufacturing

    Du Fresne Manufacturing, headquartered in White Bear Lake, MN, is a leading contract manufacturer of precision sheet metal fabrications and finished component assemblies with value-added engineering services, including product design / development, prototyping, and Design for Manufacturability.

    Color Technologies

    Color Technologies, headquartered in Roseville, MN, is a leading provider of finishing services metal fabrication industry.  Capabilities include liquid paint and powder coating, silk screening, and more.

    Lake Air Companies

    Lake Air Companies, headquartered in Minneapolis, MN, is a precision manufacturer of metal products with deep expertise in sheet metal and structural fabrication, machining, stamping, tool design and build, and electromechanical assembly serving industrial OEMs in the medical, turf care, industrial, automotive and aerospace industries.

    • has been acquired by
    • Spell Capital Logo

    Polar Plastics

    Polar Plastics is a St. Paul-based manufacturer of plastic film and low density polyethylene products.  The Company’s plastic sheeting, film, and bags are used in a wide variety of end markets and applications including packaging, logistics, home improvement, consumer, and more.  Products are sold through mass retail and distribution under the Polar Plastics brand and private label.

     

    Spell Capital

    Spell Capital Partners is a Minneapolis-based private equity group with a focus on well-managed, historically profitable industrial manufacturing businesses. Spell Capital Partners is currently investing out of its fifth fund.

    • has been acquired by
    • Spell Capital Logo

    Viking Engineering & Development

    Based in Minneapolis, Viking Engineering specializes in in the design and manufacturing of state-of-the art machinery for automated wood pallet and bedding production, along with related fasteners, replacement parts and service.  Viking has been the industry standard since 1975 with several thousand machines in service worldwide.

     

    Spell Capital Partners

    Spell Capital Partners is a Minneapolis-based private equity group with a focus on well-managed, historically profitable industrial manufacturing businesses. Spell Capital Partners is currently investing out of its fifth fund.

    • has been acquired by

    Lake Air Companies

    Minneapolis-based Lake Air Companies is a value-added precision manufacturer of metal products with deep expertise in sheet metal and structural fabrication, machining, stamping, tool design and build, and electromechanical assembly.  The Company serves a wide variety of OEMs across the medical, turf care, industrial, automotive and aerospace segments.

    The Mendota Group

    The Mendota Group, based in Madison, WI focuses on private investments to support ownership transition and growth opportunities.  The Mendota Group acquired Lake Air Companies in partnership with Chicago-based Aldine Capital and St. Louis-based Capital for Business.

    • has been acquired by
    • a portfolio company of

    Custom Headed Products

    Custom Headed Products, Inc. is a North Branch, Minnesota-based manufacturer of value-added specialty component parts for OEMs in the recreational vehicle, automotive, agricultural equipment, and other industries.  Founded in 2000, the CHP’s products include various high quality fasteners, axels, and bent parts using cold forming and machining processes.

     

    Wisconsin Coil Spring

    Wisconsin Coil Spring is a Muskego, Wisconsin leading international supplier of custom designed metal components including precision mechanical springs, wire forms and flat springs along with related assemblies.  Wisconsin Coil Spring serves markets including automotive, appliance, consumer products, construction equipment, lawn and garden, electrical power systems and a range of industrial products.

    • has been acquired by
    • a portfolio company of

    Idle Free Systems

    Idle Free Systems, headquartered in Madison, Wisconsin, is an innovative provider of complete, idle elimination solutions for the over-the-road, day cab, and work truck markets. The Idle Free electric APU offers drivers and fleet operators a flexible, cost-effective alternative to discretionary idling without compromising performance, cost savings or driver comfort while reducing emissions for a cleaner environment.

    Phillips & Temro Industries

    Phillips and Temro Industries, headquartered in Eden Prairie, Minnesota, is a leading global supplier of engineered thermal solutions, systems and controls. With facilities in North America, Europe, and Asia, the company serves the heavy duty truck, off-highway, oil & gas, power generation, automotive, and electric/hybrid vehicle end markets.  Phillips & Temro Industries is a portfolio company of Audax Group, a Boston-based private equity sponsor.

    • The Arrow Industrial and Stremel Manufacturing Divisions of
    • have been acquired by

    Arrow Industrial

    Arrow Industrial provides high precision fabricated components to the aerospace and medical industries.  It supplies assemblies to Eaton, Ducommun, Lockheed Martin, ITT Exelis, and Honeywell for aircraft programs including the Boeing 787, 737, and 777; Gulfstream 650/550; F-35, F-22, B-52 and many others.  Arrow also supplies components used in medical devices for Medtronic, Terumo, and others.  Arrow Industrial, based in Denver, Colorado is a former division of Premier Precision Group.

    Stremel Manufacturing

    Stremel Manufacturing provides high precision fabricated components to the aerospace industry.  Products include assemblies used in munitions, weapons pylons, aircraft doors, and much more.  Stremel supplies Boeing, Goodrich, Honeywell, Eaton, Raytheon and other top aerospace OEMs for aircraft/munitions programs including the JDAM, Small Diameter Bomb, C-5 Galaxy, Ah-64 Apache, F-18 Hornet, and many more.  Stremel Manufacturing, based in Minneapolis, Minnesota, is a former division of Premier Precision Group.

    Chandler Industries:

    Chandler Industries is a Montevideo, Minnesota-based precision manufacturer of components and sub-assemblies for a wide variety of demanding customer applications. Chandler provides integrated services from initial product design and prototypes to product development and testing, right through full production CNC machining.  Chandler Industries is a portfolio company of St. Louis, Missouri-based private equity group Arch Equity Partners.

    • has been acquired by

    Pacific Press Technologies

    Pacific Press Technologies is engaged in the manufacture and service of press brakes, hydraulic presses, and shears for industrial metal forming applications—with a specialty in the niche, customized and high tonnage segment of the market.  Pacific Press Technologies, based in Mount Carmel, Illinois, is a former division of Capital Equipment Group.

    Quality Products, Inc.

    Quality Products, Inc. is a Columbus, Ohio-based manufacturer and distributor of capital equipment for the aircraft ground support and hydraulic press markets.

    • has been acquired by

    Spectrum Products

    Spectrum Products is a complete provider of commercial swimming pool deck equipment for schools, hotels, recreational centers, fitness clubs, and therapy/rehabilitation facilities.  Spectrum utilizes the highest quality materials to make durable equipment including assisted access lifts, lifeguard chairs, rail goods and ladders, starting platforms and thermal pool blankets.  Spectrum Products is based in Missoula, Montana.

    PlayCore

    PlayCore is a Chattanooga, Tennessee-based leader in the design, manufacture, and marketing of a broad range of commercial and consumer playground and park equipment, surfacing, site amenity, fitness, and related play products. PlayCore operates under the following family of brands: GameTime, UltraSite, UltraShelter, UltraPlay, GT Grandstands, Snug, Play & Park Structures, TotTurf, Everlast Climbing, and Swing-N-Slide. PlayCore is a portfolio company of New York-based private equity group Irving Place Capital.

    • has been acquired by

    Quality Tool

    Quality Tool is an engineering-focused provider of precision metal fabrication, stamping, machining, bus bar and design services to diversified industrial, medical, technology, telecommunications and defense industries. The Company utilizes a sophisticated design services/engineering team, LEAN manufacturing practices, and state-of-the-art equipment to produce high quality components with short lead times.  Quality Tool is based in St. Paul, Minnesota.

    Demmer Corporation

    Demmer Corporation is a Lansing, Michigan-based vertically-integrated manufacturer that provides fabrication, machining, assembly and integration to companies in the defense, aerospace, automotive, energy, and transportation industries.  Demmer employs over two million square feet of state-of-the-art production space to produce components and performs assembly for battle tanks, personnel carriers, bomb-resistant vehicles, and much more.

    • has been acquired by

    Tonka Equipment Company

    Tonka Equipment Company is a leading manufacturer of customized drinking water treatment systems for the municipal market.  While it is focused primarily on the North American municipal drinking water market, Tonka’s water treatment expertise has also found effective applications in tertiary water filtration, environmental remediation and industrial process projects. The Company provides a broad line of proprietary gravity, pressure and membrane filtration systems suitable for treatment of a wide variety of ground and surface waters.  Tonka Equipment Company is based in Plymouth, Minnesota.

    Meriwether Capital

    Meriwether Capital is an investment firm founded in 1976 to acquire profitable lower middle-market manufacturing, distribution or service companies for long-term investment.  The firm typically partners with the existing management team of its portfolio companies to build lasting value.  Meriwether Capital is based in New York, New York.

    • has been acquired by

    Door Engineering and Manufacturing

    Door Engineering and Manufacturing is a maker of custom design and engineered doors for specialty industrial, aviation, governmental and agribusiness applications. Products manufactured include; Bottom Rolling Hanger Doors, Four-Fold and Bi-Fold Doors, Craneway Doors, Vertical Lift Doors, Fire Doors, Industrial Sliding Doors and Clean Room Doors. The Company is based in Kasota, Minnesota, and operates under the Door Engineering and American Metal Door brand names.

    The Mendota Group

    The Mendota Group acquires small to medium-sized manufacturing, distribution and service businesses that are either privately owned or subsidiaries/divisions of publicly owned companies.  Their preference is for businesses in the Upper Midwest that provide opportunities to significantly enhance value through increased efficiency, growth and acquisition.  The Mendota Group is based in Madison, Wisconsin.

    • has been acquired by

    Jonaco Machine

    Jonaco Machine is precision machining supplier for the aerospace/defense, medical, and high technology industries, utilizing the latest in production technology with a variety of metals, alloys, castings, and plastics to create high quality components.  Jonaco Machine is based in Chaska, Minnesota.

    Demmer Corporation

    Demmer Corporation is a Lansing, Michigan-based vertically-integrated manufacturer that provides fabrication, machining, assembly and integration to companies in the defense, aerospace, automotive, energy, and transportation industries. Demmer employs over two million square feet of state-of-the-art production space to produce components and performs assembly for battle tanks, personnel carriers, bomb-resistant vehicles, and much more.

    • has been acquired by
    • Spell Capital Logo

    Arctic Fox

    Arctic Fox is a leading supplier of high quality, proprietary components to the heavy-duty trucking and off-highway equipment markets.  The Company manufactures and sells their own line of patented fuel and fluid heating products as well as sells systems to OEMs and aftermarket dealers.  Arctic Fox is based in Delano, Minnesota.

    Spell Capital Partners

    Spell Capital Partners is a private equity and buyout firm based in Minneapolis, Minnesota.  Spell is  engaged in the acquisition of controlling interests in well-managed, historically profitable manufacturing or distribution businesses.  Spell Capital uses its expertise in acquisitions and financing to grow the businesses in which they invest, both internally and through add-on acquisitions.

    • has been acquired by

    Spartan Products

    Spartan Products has manufactured steel and aluminum trailers for boats, snowmobiles, and recreational watercraft. Spartan was the oldest continuing manufacturer of boat trailers in the United States and based in Minneapolis, Minnesota.

    MET-TEK

    MET-TEK is a St. Paul, Minnesota-based full-service steel fabricator. The company fabricates steel from components to complex  assemblies and prototypes to full scale production.

    • has been acquired by

    ELO Engineering

    ELO Engineering is a complete precision metal fabricator that serves the transportation/aviation, medical device, industrial equipment and electronics industries.  ELO utilizes the latest in laser cutting technology, a flexible manufacturing system, CNC machine tools, robotic welding and a full scale liquid/powder paint shop.  ELO Engineering is based in Fridley, Minnesota.

    Demmer Corporation

    Demmer Corporation is a Lansing, Michigan-based vertically-integrated manufacturer that provides fabrication, machining, assembly and integration to companies in the defense, aerospace, automotive, energy, and transportation industries. Demmer employs over two million square feet of state-of-the-art production space to produce components and performs assembly for battle tanks, personnel carriers, bomb-resistant vehicles, and much more.

    • The Stewart Manufacturing and Special Processing Divisions of
    • have been acquired by

    Stewart Manufacturing and Special Processing

    Stewart Manufacturing and Special Processing provides high precision machined and fabricated components along with anodizing, passivation and other surface treatments to the commercial aerospace industry.  Products include auxiliary power units, various housings, turbofan engines, environmental control units and much more.  Stewart Manufacturing and Special Processing, based in Phoenix, Arizona, are former divisions of Premier Precision Group.

    Noranco

    Noranco is a world class, integrated manufacturer and solutions provider to the global commercial and military aerospace sectors. Producing aero-structure, landing gear and aero-engine products, Noranco provides value through a wide range of sophisticated capabilities including design, prototyping, complex precision machining and sheet metal fabrication, processing, assembly, kitting, testing and supply chain management.  Noranco, based in Toronto, Canada, is a former portfolio company of Bedford Capital.

    • has been acquired by

    Infinity Precision

    Infinity Precision specializes in customized wet process, drying and chemical handling systems that offer precision process control. The Company provides these manufacturing processes for precision components that often require wet process steps such as etching, coating, cleaning, passivating, priming, developing and drying.  Infinity Precision is based in Chanhassan, Minnesota.

    Brass Ring Capital, et al

    Infinity Precision was acquired by a group of investors including Brass Ring Capital, Lewis & Clark Equities, Invest Northwest and Minnesota Investment Network. The acquisition was led by Brass Ring Capital, a private equity firm with offices in Minneapolis and Milwaukee.  The firm is focused on addressing the equity and liquidity needs of small business owners in the Upper Midwest with profitable, niche companies generating revenues of $5 – $25 million.

Distribution transactions

    • has been acquired by

    ALL, INC.

    ALL Inc., based in St. Paul, MN, is a leading appliance and cabinet distributor to the single family, multi-family, residential, senior living and hospitality industries in Minnesota and Western Wisconsin. The Company boasts the Midwest’s largest showroom, over 24,000 square feet with 10 live test kitchens, and a 185,000 square foot warehouse. ALL offers a vast assortment of products from leading brands including Viking, Sub Zero, Miele, Whirlpool, GE and others.

    BUILDING MATERIAL DISTRIBUTORS

    Building Material Distributors, Inc (BMD) is a building solutions company, focused on supporting high performing building products with distribution, manufacturing and building services throughout the United States. BMD’s portfolio of companies includes Carriage House Door, Clearovations, Kansas City Millwork, Moehl Millwork, Precision Building Solutions and Texas Door and Trim. BMD is an employee owned company since 1991.

    • has been acquired by
    • a portfolio company of

    Automatic Systems Co.

    Automatic Systems is a leading systems integrator of controls and automation for water and wastewater treatment plants across the Upper Midwest.  ASC offers strong engineering and programming capabilities to design / build customized process automation solutions with products from top manufacturers and perform significant follow-on work including upgrades, maintenance, and emergency service to its diverse set of customers that includes an installed base of 10,000+ facilities.  The business was founded in 1967 and is headquartered just outside of Minneapolis, Minnesota with additional offices in Ames, Iowa and Chicago, Illinois

     

    Vessco, Inc.

    Vessco is a multifaceted water treatment company providing value-added distribution and engineering services for municipal and industrial water and wastewater treatment projects, primarily in the upper Midwest and central United States. The Company implements a highly technical sale process that requires a consultative, engineering-centric approach. This effort is supported by Vessco’s outstanding reputation as industry experts with its over 3,500 past customers. Vessco is headquartered in Chanhassen, Minnesota.  Vessco is a portfolio company of Detroit-based O2 Investment Partners.

    • MacQueen Equipment Logo
    • has been recapitalized by
    • Rotunda Capital Partners

    MacQueen Equipment Group

    Founded in 1961 and based in St. Paul, MacQueen is a leading dealer of heavy equipment for municipalities and commercial contractors.  The Company specializes in the sale of Elgin street sweepers, Vactor excavators, Pierce fire apparatus, Oshkosh snow removal equipment and Heil refuse trucks throughout the Upper Midwest.

     

    Rotunda Capital Partners

    Rotunda Capital Partners is a private equity firm that invests equity capital in established and profitable lower middle market companies.  The firm uses a rigorous approach to identify market-leading companies with identifiable growth opportunities and capable management teams in targeted sectors, including distribution, logistics, specialty finance, and business services.  Since 2009, Rotunda Capital has completed twelve platform investments and realized four exits.

    • has been acquired by

    Walcro

    Founded in 1971, Walcro is a leading distributor of flooring installation products in the Upper Midwest.  Through its Minneapolis headquarters and 16 other branch locations across six states, the Company sells tools, supplies, and accessories for the installation of tile, stone, carpet, and wood flooring—over 5,000 different items from more than 100 leading manufacturers.

    WILsquare Capital

    WILsquare Capital is a St. Louis-based private equity firm focused on acquiring and growing lower middle market businesses in the Midwest and Southern United States, with an emphasis on business services, niche manufacturing, distribution and technology companies.

    • has been acquired by
    • a portfolio company of

    Midway Industrial Supply

    Founded in 1955, Midway Industrial Supply is a distributor and systems integrator of industrial fluid handling and spray finishing equipment and supplies to industrial companies across the Upper Midwest.  Minneapolis-based Midway Industrial Supply was previously a portfolio company of Milwaukee-based private equity group Generation Growth Capital.

     

    Ohio Transmission Corporation

    Established in 1963, Ohio Transmission Corporation is one of the largest industrial distributors in the United States, providing expert solutions for industrial spray finishing, motion control, fluid power, power transmission and pumping systems.  Ohio Transmission Corporation maintains locations throughout the South and the Midwest and Northeast regions. Since 2015, Ohio Transmission has been a portfolio company of private equity firm Irving Place Capital, a New York private equity group with over $4 billion under management.

    • has been acquired by

    Pipeline Supply

    Pipeline Supply is a leading wholesale distributor of plumbing, HVAC, sewer, and well products to the Upper Midwest.  The Company provides contractors, builders, property managers and hospitality operators with the top lines in each category—in excess of 100,000 SKUs.  Founded in 1977 and based in Minneapolis, Pipeline Supply operates via six branch locations and a state-of-the-art showroom.

     

    Dakota Supply Group

    Dakota Supply is one of the Midwest’s fastest-growing distributors of innovative electrical, plumbing, HVAC/R, communications, utility, metering technology, automation and waterworks products. Established in 1898, the employee-owned company currently has thirty-one DSG locations throughout Minnesota, South Dakota, North Dakota, Wisconsin, and Montana as well as the additional six Pipeline Supply locations in Minnesota. With nearly 670 employee owners throughout its organization, DSG’s headquarters is in Fargo, ND.

    • has been acquired by

    Berg Bag Company

    Berg Bag Company provides high quality packaging solutions for the agricultural, food, consumer products, and other industries.  The Company’s offerings are typically used for transporting or storing dry materials like agricultural and food products, building materials, and miscellaneous industrial goods.  Berg Bag Company is based in Minneapolis, Minnesota.

    Rapid Packaging

    Rapid Packaging is a Minneapolis, Minnesota-based distributor of packaging materials and equipment solutions.  Rapid Packaging provides the manufacturing, food, medical, printing and distribution industries materials that secure their products from production through transportation.

    • has been acquired by
    • a portfolio company of

    eDocument Resources

    eDocument Resources is a content management and workflow optimization IT consulting firm serving government, healthcare, insurance and other clients.  eDocument Resources is based in Minneapolis, Minnesota.

    DataBank IMX

    DataBank IMX is a Beltsville, Maryland provider of outsourced imaging and information solutions for the government, higher education, healthcare, energy and general industrial markets. DataBank is a portfolio company of Chicago-based private equity group Svoboda Capital Partners.

    Midway Industrial Supply

    Midway Industrial Supply is a distributor and systems integrator of industrial fluid handling and spray finishing equipment and supplies, representing top manufacturers in all product categories.  Midway operates across Minnesota, Wisconsin, Illinois, Iowa, Nebraska and the Dakotas.  Midway Industrial Supply is based in St. Paul, Minnesota.

    Generation Growth Capital

    Generation Growth is a Milwaukee, Wisconsin-based private equity firm that provides capital to small businesses to help support a broad range of growth opportunities.  By partnering with solid management teams, GGC adopts a proactive, collaborative approach that improves and builds the businesses in which they invest.

    • has been recapitalized by

    Premier Restaurant Equipment Company

    Premier is a full service foodservice design and equipment firm specializing in casinos, restaurants, senior living facilities, hospitals, hotels, entertainment facilities and cafeterias.  It offers a range of design, procurement, project management, master planning, budgeting, installation and other services.  Premier Restaurant Equipment Company is based in Minneapolis, Minnesota.

    Hillcrest Capital Partners

    Hillcrest Capital Partners is a Minneapolis-based private equity firm.  It focuses on acquiring smaller middle market companies based in the upper Midwest, typically owned by families or entrepreneurs who are looking for liquidity and ownership transition.

    • has been acquired by
    • a portfolio company of

    Applied Products

    Applied Products is a provider of complete assembly and process solutions, focusing on incorporating adhesives, dispensing equipment, assembly automation, production tools and engineering into one resource.  The Company serves a wide variety of industries including packaging, paper converting, product assembly, medical, and graphic arts.  Applied Products is based in Minnetonka, Minnesota.

    Ward Adhesives

    Ward Adhesives is a Milwaukee, Wisconsin-based distributor of specialty adhesives for the packaging, product assembly, and graphic arts industries.  Ward Adhesives is a portfolio company of Chicago-based private equity group Svoboda Capital Partners.

    • has been recapitalized by

    Don Stevens

    Don Stevens is a wholesale distribution business representing top brands across HVAC, foodservice and lodging equipment, including Goodman, Amana, Manitowoc, Silver King, Panasonic, McCall, SerVend, Imperial, Kelvinator, LG, Honeywell and many others. Don Stevens sells to equipment dealers and contractors in the Upper Midwest, with branch locations in Minnesota, Wisconsin, Iowa, North Dakota and Nebraska.  Don Stevens is based in Eagan, Minnesota.

    Ironwood Partners

    Ironwood Partners is a New York-based private equity firm that invests primarily in growing manufacturing and distribution companies that can benefit from the implementation of “lean business systems”. This hands-on, collaborative group takes a long term approach to improving and building businesses, while drawing heavily on the knowledge of their collective experience and relationships with successful business leaders.

    • has been acquired by
    • Spell Capital Logo

    Arctic Fox

    Arctic Fox is a leading supplier of high quality, proprietary components to the heavy-duty trucking and off-highway equipment markets.  The Company manufactures and sells their own line of patented fuel and fluid heating products as well as sells systems to OEMs and aftermarket dealers.  Arctic Fox is based in Delano, Minnesota.

    Spell Capital Partners

    Spell Capital Partners is a private equity and buyout firm based in Minneapolis, Minnesota.  Spell is  engaged in the acquisition of controlling interests in well-managed, historically profitable manufacturing or distribution businesses.  Spell Capital uses its expertise in acquisitions and financing to grow the businesses in which they invest, both internally and through add-on acquisitions.

    • has been required

    Circuit Research Corporation (CRC)

    Circuit research Corporation is one of the leading manufacturers and suppliers of specialty chemical products for the printed circuit board industry.

    Seacole

    Seacole is a Plymouth, Minnesota diversified chemical manufacturing and distribution company offering essential products and services to a wide variety of markets worldwide.

    • has been acquired by
    • a portfolio company of

    Hound Dog Products

    Hound Dog Products is a leader in the design, marketing and distribution of innovative lawn and garden tools. The Company started on the strength of its original weeding tool and now has a number of complementary products filling a variety of lawn and garden needs, including weeding, edging, pet clean up, aerating, irrigating, cultivating, planting and tilling.  The Company is now based in Camp Hill, Pennsylvania.

    Ames True Temper

    Ames True Temper is a leading North American manufacturer and marketer of non-powered lawn and garden products including tools and decorative accessories.  The Company sells its products primarily in the U.S. and Canada through retail centers, wholesale chains and industrial distributors. Ames True Temper is based in Camp Hill, Pennsylvania and is a portfolio company of New York-based private equity firm, Castle Harlan.

    • has been acquired by

    Supply Chain Services

    Supply Chain Services is a technical logistics company specializing in the design, sales and support of mobility, wireless, scanning and other supply chain management solutions.  SCS helps customers obtain strategic information by offering a wide variety of mobile solutions, bringing enterprise software out to the “last mile” users in the manufacturing facility, warehouse or retail floor.  Examples of SCS technology offerings include portable data terminals, barcode scanners, wireless networking equipment, card/check readers, RFID and more.  Supply Chain Services is based in Stillwater, Minnesota.

    SCS Acquisition Company, LLC

    Supply Chain Services was acquired by an entity formed by Sidney Emery, the former Chairman and CEO of MTS Systems Corporation (NASDAQ: MTSC).

    • has been acquired by

    Information Security Technology (IST)

    IST is a leading provider of information security solutions for business, non-profit organizations and all levels of government. The Company’s security solutions combine best-available technology with industry expertise to create end-to-end solutions, from system development to regular security audits.  IST is now based in Skokie, Illinois.

    Forsythe

    Forsythe is focused on providing its clients with infrastructure solutions that help optimize cost and manage risk of their IT systems while improving performance. The Company offers technology and business consulting services, technology leasing, and products from all leading IT infrastructure manufacturers.  Forsythe’s clients are served from nearly 50 offices in the United States and western Canada.  The Company is based in Skokie, Illinois.

    • has been acquired by

    Dascom Systems Group, Inc.

    Dascom specializes in designing, integrating and manufacturing audio and video systems for distance learning, videoconferencing, corporate boardrooms and IPTV.  They serve several key markets including, corporate, education, broadcast, medical, government, judicial and telecommunication service providers.  The Company is based in Woodbury, Minnesota.

    Strength Capital Partners

    Strength Capital Partners is a Birmingham, Michigan-based private equity firm that specializes in acquiring “Middle Economy” businesses throughout the greater Midwest. The firm targets businesses with $20 – $200 million in annual sales in manufacturing, distribution, industrial and financial services, infrastructure and consumer products.

    • has been acquired by

    ALL, INC.

    ALL Inc., based in St. Paul, MN, is a leading appliance and cabinet distributor to the single family, multi-family, residential, senior living and hospitality industries in Minnesota and Western Wisconsin. The Company boasts the Midwest’s largest showroom, over 24,000 square feet with 10 live test kitchens, and a 185,000 square foot warehouse. ALL offers a vast assortment of products from leading brands including Viking, Sub Zero, Miele, Whirlpool, GE and others.

    BUILDING MATERIAL DISTRIBUTORS

    Building Material Distributors, Inc (BMD) is a building solutions company, focused on supporting high performing building products with distribution, manufacturing and building services throughout the United States. BMD’s portfolio of companies includes Carriage House Door, Clearovations, Kansas City Millwork, Moehl Millwork, Precision Building Solutions and Texas Door and Trim. BMD is an employee owned company since 1991.

    • has been acquired by
    • a portfolio company of

    Automatic Systems Co.

    Automatic Systems is a leading systems integrator of controls and automation for water and wastewater treatment plants across the Upper Midwest.  ASC offers strong engineering and programming capabilities to design / build customized process automation solutions with products from top manufacturers and perform significant follow-on work including upgrades, maintenance, and emergency service to its diverse set of customers that includes an installed base of 10,000+ facilities.  The business was founded in 1967 and is headquartered just outside of Minneapolis, Minnesota with additional offices in Ames, Iowa and Chicago, Illinois

     

    Vessco, Inc.

    Vessco is a multifaceted water treatment company providing value-added distribution and engineering services for municipal and industrial water and wastewater treatment projects, primarily in the upper Midwest and central United States. The Company implements a highly technical sale process that requires a consultative, engineering-centric approach. This effort is supported by Vessco’s outstanding reputation as industry experts with its over 3,500 past customers. Vessco is headquartered in Chanhassen, Minnesota.  Vessco is a portfolio company of Detroit-based O2 Investment Partners.

    • MacQueen Equipment Logo
    • has been recapitalized by
    • Rotunda Capital Partners

    MacQueen Equipment Group

    Founded in 1961 and based in St. Paul, MacQueen is a leading dealer of heavy equipment for municipalities and commercial contractors.  The Company specializes in the sale of Elgin street sweepers, Vactor excavators, Pierce fire apparatus, Oshkosh snow removal equipment and Heil refuse trucks throughout the Upper Midwest.

     

    Rotunda Capital Partners

    Rotunda Capital Partners is a private equity firm that invests equity capital in established and profitable lower middle market companies.  The firm uses a rigorous approach to identify market-leading companies with identifiable growth opportunities and capable management teams in targeted sectors, including distribution, logistics, specialty finance, and business services.  Since 2009, Rotunda Capital has completed twelve platform investments and realized four exits.

    • has been acquired by

    Walcro

    Founded in 1971, Walcro is a leading distributor of flooring installation products in the Upper Midwest.  Through its Minneapolis headquarters and 16 other branch locations across six states, the Company sells tools, supplies, and accessories for the installation of tile, stone, carpet, and wood flooring—over 5,000 different items from more than 100 leading manufacturers.

    WILsquare Capital

    WILsquare Capital is a St. Louis-based private equity firm focused on acquiring and growing lower middle market businesses in the Midwest and Southern United States, with an emphasis on business services, niche manufacturing, distribution and technology companies.

    • has been acquired by
    • a portfolio company of

    Midway Industrial Supply

    Founded in 1955, Midway Industrial Supply is a distributor and systems integrator of industrial fluid handling and spray finishing equipment and supplies to industrial companies across the Upper Midwest.  Minneapolis-based Midway Industrial Supply was previously a portfolio company of Milwaukee-based private equity group Generation Growth Capital.

     

    Ohio Transmission Corporation

    Established in 1963, Ohio Transmission Corporation is one of the largest industrial distributors in the United States, providing expert solutions for industrial spray finishing, motion control, fluid power, power transmission and pumping systems.  Ohio Transmission Corporation maintains locations throughout the South and the Midwest and Northeast regions. Since 2015, Ohio Transmission has been a portfolio company of private equity firm Irving Place Capital, a New York private equity group with over $4 billion under management.

    • has been acquired by

    Pipeline Supply

    Pipeline Supply is a leading wholesale distributor of plumbing, HVAC, sewer, and well products to the Upper Midwest.  The Company provides contractors, builders, property managers and hospitality operators with the top lines in each category—in excess of 100,000 SKUs.  Founded in 1977 and based in Minneapolis, Pipeline Supply operates via six branch locations and a state-of-the-art showroom.

     

    Dakota Supply Group

    Dakota Supply is one of the Midwest’s fastest-growing distributors of innovative electrical, plumbing, HVAC/R, communications, utility, metering technology, automation and waterworks products. Established in 1898, the employee-owned company currently has thirty-one DSG locations throughout Minnesota, South Dakota, North Dakota, Wisconsin, and Montana as well as the additional six Pipeline Supply locations in Minnesota. With nearly 670 employee owners throughout its organization, DSG’s headquarters is in Fargo, ND.

    • has been acquired by

    Berg Bag Company

    Berg Bag Company provides high quality packaging solutions for the agricultural, food, consumer products, and other industries.  The Company’s offerings are typically used for transporting or storing dry materials like agricultural and food products, building materials, and miscellaneous industrial goods.  Berg Bag Company is based in Minneapolis, Minnesota.

    Rapid Packaging

    Rapid Packaging is a Minneapolis, Minnesota-based distributor of packaging materials and equipment solutions.  Rapid Packaging provides the manufacturing, food, medical, printing and distribution industries materials that secure their products from production through transportation.

    • has been acquired by
    • a portfolio company of

    eDocument Resources

    eDocument Resources is a content management and workflow optimization IT consulting firm serving government, healthcare, insurance and other clients.  eDocument Resources is based in Minneapolis, Minnesota.

    DataBank IMX

    DataBank IMX is a Beltsville, Maryland provider of outsourced imaging and information solutions for the government, higher education, healthcare, energy and general industrial markets. DataBank is a portfolio company of Chicago-based private equity group Svoboda Capital Partners.

    Midway Industrial Supply

    Midway Industrial Supply is a distributor and systems integrator of industrial fluid handling and spray finishing equipment and supplies, representing top manufacturers in all product categories.  Midway operates across Minnesota, Wisconsin, Illinois, Iowa, Nebraska and the Dakotas.  Midway Industrial Supply is based in St. Paul, Minnesota.

    Generation Growth Capital

    Generation Growth is a Milwaukee, Wisconsin-based private equity firm that provides capital to small businesses to help support a broad range of growth opportunities.  By partnering with solid management teams, GGC adopts a proactive, collaborative approach that improves and builds the businesses in which they invest.

    • has been recapitalized by

    Premier Restaurant Equipment Company

    Premier is a full service foodservice design and equipment firm specializing in casinos, restaurants, senior living facilities, hospitals, hotels, entertainment facilities and cafeterias.  It offers a range of design, procurement, project management, master planning, budgeting, installation and other services.  Premier Restaurant Equipment Company is based in Minneapolis, Minnesota.

    Hillcrest Capital Partners

    Hillcrest Capital Partners is a Minneapolis-based private equity firm.  It focuses on acquiring smaller middle market companies based in the upper Midwest, typically owned by families or entrepreneurs who are looking for liquidity and ownership transition.

    • has been acquired by
    • a portfolio company of

    Applied Products

    Applied Products is a provider of complete assembly and process solutions, focusing on incorporating adhesives, dispensing equipment, assembly automation, production tools and engineering into one resource.  The Company serves a wide variety of industries including packaging, paper converting, product assembly, medical, and graphic arts.  Applied Products is based in Minnetonka, Minnesota.

    Ward Adhesives

    Ward Adhesives is a Milwaukee, Wisconsin-based distributor of specialty adhesives for the packaging, product assembly, and graphic arts industries.  Ward Adhesives is a portfolio company of Chicago-based private equity group Svoboda Capital Partners.

    • has been recapitalized by

    Don Stevens

    Don Stevens is a wholesale distribution business representing top brands across HVAC, foodservice and lodging equipment, including Goodman, Amana, Manitowoc, Silver King, Panasonic, McCall, SerVend, Imperial, Kelvinator, LG, Honeywell and many others. Don Stevens sells to equipment dealers and contractors in the Upper Midwest, with branch locations in Minnesota, Wisconsin, Iowa, North Dakota and Nebraska.  Don Stevens is based in Eagan, Minnesota.

    Ironwood Partners

    Ironwood Partners is a New York-based private equity firm that invests primarily in growing manufacturing and distribution companies that can benefit from the implementation of “lean business systems”. This hands-on, collaborative group takes a long term approach to improving and building businesses, while drawing heavily on the knowledge of their collective experience and relationships with successful business leaders.

    • has been acquired by
    • Spell Capital Logo

    Arctic Fox

    Arctic Fox is a leading supplier of high quality, proprietary components to the heavy-duty trucking and off-highway equipment markets.  The Company manufactures and sells their own line of patented fuel and fluid heating products as well as sells systems to OEMs and aftermarket dealers.  Arctic Fox is based in Delano, Minnesota.

    Spell Capital Partners

    Spell Capital Partners is a private equity and buyout firm based in Minneapolis, Minnesota.  Spell is  engaged in the acquisition of controlling interests in well-managed, historically profitable manufacturing or distribution businesses.  Spell Capital uses its expertise in acquisitions and financing to grow the businesses in which they invest, both internally and through add-on acquisitions.

    • has been required

    Circuit Research Corporation (CRC)

    Circuit research Corporation is one of the leading manufacturers and suppliers of specialty chemical products for the printed circuit board industry.

    Seacole

    Seacole is a Plymouth, Minnesota diversified chemical manufacturing and distribution company offering essential products and services to a wide variety of markets worldwide.

    • has been acquired by
    • a portfolio company of

    Hound Dog Products

    Hound Dog Products is a leader in the design, marketing and distribution of innovative lawn and garden tools. The Company started on the strength of its original weeding tool and now has a number of complementary products filling a variety of lawn and garden needs, including weeding, edging, pet clean up, aerating, irrigating, cultivating, planting and tilling.  The Company is now based in Camp Hill, Pennsylvania.

    Ames True Temper

    Ames True Temper is a leading North American manufacturer and marketer of non-powered lawn and garden products including tools and decorative accessories.  The Company sells its products primarily in the U.S. and Canada through retail centers, wholesale chains and industrial distributors. Ames True Temper is based in Camp Hill, Pennsylvania and is a portfolio company of New York-based private equity firm, Castle Harlan.

    • has been acquired by

    Supply Chain Services

    Supply Chain Services is a technical logistics company specializing in the design, sales and support of mobility, wireless, scanning and other supply chain management solutions.  SCS helps customers obtain strategic information by offering a wide variety of mobile solutions, bringing enterprise software out to the “last mile” users in the manufacturing facility, warehouse or retail floor.  Examples of SCS technology offerings include portable data terminals, barcode scanners, wireless networking equipment, card/check readers, RFID and more.  Supply Chain Services is based in Stillwater, Minnesota.

    SCS Acquisition Company, LLC

    Supply Chain Services was acquired by an entity formed by Sidney Emery, the former Chairman and CEO of MTS Systems Corporation (NASDAQ: MTSC).

    • has been acquired by

    Information Security Technology (IST)

    IST is a leading provider of information security solutions for business, non-profit organizations and all levels of government. The Company’s security solutions combine best-available technology with industry expertise to create end-to-end solutions, from system development to regular security audits.  IST is now based in Skokie, Illinois.

    Forsythe

    Forsythe is focused on providing its clients with infrastructure solutions that help optimize cost and manage risk of their IT systems while improving performance. The Company offers technology and business consulting services, technology leasing, and products from all leading IT infrastructure manufacturers.  Forsythe’s clients are served from nearly 50 offices in the United States and western Canada.  The Company is based in Skokie, Illinois.

    • has been acquired by

    Dascom Systems Group, Inc.

    Dascom specializes in designing, integrating and manufacturing audio and video systems for distance learning, videoconferencing, corporate boardrooms and IPTV.  They serve several key markets including, corporate, education, broadcast, medical, government, judicial and telecommunication service providers.  The Company is based in Woodbury, Minnesota.

    Strength Capital Partners

    Strength Capital Partners is a Birmingham, Michigan-based private equity firm that specializes in acquiring “Middle Economy” businesses throughout the greater Midwest. The firm targets businesses with $20 – $200 million in annual sales in manufacturing, distribution, industrial and financial services, infrastructure and consumer products.

Services transactions

    • has been acquired by
    • a portfolio company of

    Creatis

    Creatis, based in Minneapolis, is a creative and marketing resourcing firm that helps businesses get more work done by delivering outsourced studio production services and on-site staffing resources to extend the capabilities of their internal teams.  For over 20 years, Creatis has been helping companies like Medtronic, Ecolab, UnitedHealth Group and RBC Wealth Management find high-quality marketing and creative solutions.

     

    24 Seven

    24 Seven, headquartered in New York, is one of North America’s largest digital marketing and creative staffing resourcing firms specializing in the placement of freelance and full-time creative, digital marketing, and technology talent through a network of eleven U.S. offices and two international offices. Clients include a combination of corporations and marketing/advertising agencies.  24 Seven is a portfolio company of Morgan Stanley Capital Partners.

    • has been acquired by
    • Therma Logo
    • a portfolio company of

    Gilbert Mechanical

    Gilbert Mechanical is a leading provider of mechanical, electrical, plumbing, controls and fire protection services, including a comprehensive solution set for commercial customers in healthcare and other end markets with critical facility uptime needs. Gilbert’s in-house engineering staff and service department offer design-build project delivery and ongoing preventative and emergency maintenance to serve the full lifecycle of their customers’ facilities.  The Company was founded in 1978 and is headquartered in Minneapolis, MN.

     

    Therma Holdings

    Therma Holdings is a leading mechanical, electrical, plumbing and controls services company focused on designing, building, and servicing complex systems in mission-critical facilities. Therma has in-house engineering, design, fabrication, process piping, controls, pre-fabrication and installation capabilities. Therma works for owners, general contractors and construction managers in the technology, biopharmaceutical, data center, semiconductor and other industries with complex requirements.  Therma, a portfolio company of Gemspring Capital, is based in San Jose, CA with additional locations in Southern California, New Mexico, Maryland and Minnesota.

    • has been acquired by
    • a portfolio company of

    Automatic Systems Co.

    Automatic Systems is a leading systems integrator of controls and automation for water and wastewater treatment plants across the Upper Midwest.  ASC offers strong engineering and programming capabilities to design / build customized process automation solutions with products from top manufacturers and perform significant follow-on work including upgrades, maintenance, and emergency service to its diverse set of customers that includes an installed base of 10,000+ facilities.  The business was founded in 1967 and is headquartered just outside of Minneapolis, Minnesota with additional offices in Ames, Iowa and Chicago, Illinois

     

    Vessco, Inc.

    Vessco is a multifaceted water treatment company providing value-added distribution and engineering services for municipal and industrial water and wastewater treatment projects, primarily in the upper Midwest and central United States. The Company implements a highly technical sale process that requires a consultative, engineering-centric approach. This effort is supported by Vessco’s outstanding reputation as industry experts with its over 3,500 past customers. Vessco is headquartered in Chanhassen, Minnesota.  Vessco is a portfolio company of Detroit-based O2 Investment Partners.

    • has been acquired by

    Lovegreen Industrial Services

    Based in St. Paul, Minnesota and founded in 1948, Lovegreen is a millwright contracting and industrial services provider specializing in the installation, custom fabrication, relocation and repair of industrial equipment, and niche heavy duty metal fabrication.   Lovegreen also has two related entities in the transaction:  Reliatech, an Owner’s Rep provider; and Lovegreen Material Handling, a heavy duty overhead crane design, fabrication, installation and maintenance provider.

     

    New Day Partners

    New Day Partners, LLC is an entity formed by family office investors to acquire and operate Lovegreen.

    • has been acquired by

    Circuitech

    Circuitech is a leading provider of repair services for ATMs, self-checkout and teller cash/coin dispensers with technical expertise extending to products from all major manufacturers and models. Circuitech’s engineers and technicians have extensive background in electromechanical and electronic repair, and over 200 years of repair/test experience covering a wide range of technologies.

     

    HTX

    HTx Services is a a technology infrastructure and ATM maintenance services company, combining an integrated on-site support organization with a world class command center to cost effectively provide Level 1, 2 or 3 support in a multi-vendor environment.

    • has been acquired by
    • a portfolio company of

    Sir Lines-a-Lot

    Sir Lines-a-Lot, is a leading provider of highway, road, and parking lot pavement marking services with a a comprehensive suite of services including paint and epoxy striping, 3M tape, preformed thermoplastic marking, striping removal, and complete parking lot sign and bollard installation.

     

    Consolidated Infrastructure Group

    Consolidated Infrastructure Group provides a full spectrum of outsourced utility asset damage prevention services and solutions to electric, gas, wate

    • has been acquired by

    Avenica

    Avenica (formerly GradStaff) is the leading U.S. recruiting firm exclusively focused on placing recent college graduates into entry-level career-track positions. Avenica uses a proprietary interview process that identifies skills beyond the resume and partners with companies to refine job profiles and streamline the hiring process. A personalized matching process leads to the right fit for both candidates and clients, which results in better outcomes—very high candidate conversion and retention rates—at a lower cost. Avenica serves a national client base, and places thousands of recent graduates each year from seven offices throughout the United States.

     

    University Ventures

    University Ventures is a venture capital and private equity fund focused on investments around the future of higher education and creating new pathways from education to employment.  UV is led by principals with decades of experience as entrepreneurs, investors, authors, and leaders in higher education.

    • has been acquired by

    Tech-Pro

    Since 1989, Tech-Pro has provided experienced IT professionals and project teams to implement and maintain its clients’ essential systems and applications. The company’s staffing flexibility and technical breadth help its large clients meet priorities and deliver on projects. Tech-Pro’s clients span a variety of industries, including retail, financial services, healthcare, manufacturing, insurance and others.

    Artech Information Systems

    Artech is a providers workforce solutions, IT consulting, and SOW-project services as a Tier-1/Preferred Supplier to more than 70 Fortune 500 companies and numerous federal and state government agencies. Artech employs over 7,200 professionals and maintains over 25 locations across the U.S., India, and China.

    • has been acquired by

    BestMark

    Based in Minneapolis, BestMark assesses and improves customer satisfaction and loyalty for major companies in retail, automotive, hospitality, technology and other industries. BestMark’s comprehensive suite of customer information services includes mystery shopping, customer surveys, compliance audits, customer intercept interviews, and employee feedback surveys.

    Generation Growth Capital

    Generation Growth Capital is a Milwaukee-based private equity firm focusing on investments in small businesses to support ownership transition and growth opportunities. By partnering with solid management teams, GGC adopts a proactive, collaborative approach that builds the businesses in which they invest.

    • has been acquired by
    • a portfolio company of

    Carbonair

    Founded in 1983, Carbonair focuses on the rental and sale of specialized groundwater treatment equipment for the environmental, petroleum, and construction industries. These highly customized treatment systems are used extensively in both short and long-term applications across North America. Carbonair is headquartered in Roseville, Minnesota with additional locations in Florida, Texas, Virginia and Pennsylvania.

     

    ProAct Services Corporation

    ProAct, headquartered in Ludington, Michigan, is an environmental treatment solutions provider focused on removing contaminants from water, air, and soil for clients across the United States and abroad.

    • has been acquired by

    Northern Technologies

    Headquartered in Fargo, North Dakota, Northern Technologies is a geotechnical engineering and testing company with operations across the Upper Midwest.  In addition to its core services in geotechnical engineering and construction material testing, NTI has additional service capabilities including nondestructive testing, environmental site assessments, forensic engineering, and other related services.

     

    Arch Equity Partners

    Arch Equity Partners, headquartered in St. Louis, Missouri, is a private investment firm that concentrates on investments in companies in the lower middle market. Northern Technologies is Arch Equity Partners’ seventh portfolio company.

     

    • has been acquired by

    Garden & Associates

    Garden & Associates, Inc. is a Minneapolis, Minnesota-based provider of outsourced language services to the medical market.  G&A also provides document translation and serves legal, corporate, and government entities.

    Generation Growth Capital

    Generation Growth Capital is a Milwaukee-based private equity firm focusing on investments in small businesses to support growth opportunities.

    • has been acquired by

    Helgeson Enterprises

    Helgeson Enterprises is a leading provider of outsourced data validation and fulfillment services for rebates and other programs.  The Company is engaged in data entry, mail processing, document scanning, validation, processing, call center management, program management, and fulfillment procedures.  Helgeson Enterprises is based in White Bear Lake, Minnesota.

    Parago

    Parago is a Dallas, Texas-based provider of incentive and engagement solutions.  Parago delivers a range of services and technology for rebates, reward programs, channel management, and prepaid programs.

    • has been acquired by
    • a portfolio company of

    eDocument Resources

    eDocument Resources is a content management and workflow optimization IT consulting firm serving government, healthcare, insurance and other clients.  eDocument Resources is based in Minneapolis, Minnesota.

    DataBank IMX

    DataBank IMX is a Beltsville, Maryland provider of outsourced imaging and information solutions for the government, higher education, healthcare, energy and general industrial markets. DataBank is a portfolio company of Chicago-based private equity group Svoboda Capital Partners.

    • has been recapitalized by

    Premier Restaurant Equipment Company

    Premier is a full service foodservice design and equipment firm specializing in casinos, restaurants, senior living facilities, hospitals, hotels, entertainment facilities and cafeterias.  It offers a range of design, procurement, project management, master planning, budgeting, installation and other services.  Premier Restaurant Equipment Company is based in Minneapolis, Minnesota.

    Hillcrest Capital Partners

    Hillcrest Capital Partners is a Minneapolis-based private equity firm.  It focuses on acquiring smaller middle market companies based in the upper Midwest, typically owned by families or entrepreneurs who are looking for liquidity and ownership transition.

    • has been acquired by
    • a portfolio company of

    Certes Financial Pros

    Certes Financial Pros capitalizes on the increasing demand for high-end financial and accounting outsourcing. The Company specializes in providing financial professionals to clients requiring outside assistance with financial project support and interim financial professionals.  Certes is based in Golden Valley, Minnesota.

    Staffing Now

    Staffing Now is an employment services company that specializes in placing administrative, finance, accounting or legal professionals on a temporary and full-time basis.  The Company has over 40 offices across the Midwest, Northeast, Mid-Atlantic and Southeast.  Staffing Now is based in Des Moines, Iowa and is a portfolio company of Gryphon Investors, a San Francisco-based private equity firm.

    • has been acquired by

    Supply Chain Services

    Supply Chain Services is a technical logistics company specializing in the design, sales and support of mobility, wireless, scanning and other supply chain management solutions.  SCS helps customers obtain strategic information by offering a wide variety of mobile solutions, bringing enterprise software out to the “last mile” users in the manufacturing facility, warehouse or retail floor.  Examples of SCS technology offerings include portable data terminals, barcode scanners, wireless networking equipment, card/check readers, RFID and more.  Supply Chain Services is based in Stillwater, Minnesota.

    SCS Acquisition Company, LLC

    Supply Chain Services was acquired by an entity formed by Sidney Emery, the former Chairman and CEO of MTS Systems Corporation (NASDAQ: MTSC).

    • has been acquired by

    Information Security Technology (IST)

    IST is a leading provider of information security solutions for business, non-profit organizations and all levels of government. The Company’s security solutions combine best-available technology with industry expertise to create end-to-end solutions, from system development to regular security audits.  IST is now based in Skokie, Illinois.

    Forsythe

    Forsythe is focused on providing its clients with infrastructure solutions that help optimize cost and manage risk of their IT systems while improving performance. The Company offers technology and business consulting services, technology leasing, and products from all leading IT infrastructure manufacturers.  Forsythe’s clients are served from nearly 50 offices in the United States and western Canada.  The Company is based in Skokie, Illinois.

    • has been acquired by

    Dascom Systems Group, Inc.

    Dascom specializes in designing, integrating and manufacturing audio and video systems for distance learning, videoconferencing, corporate boardrooms and IPTV.  They serve several key markets including, corporate, education, broadcast, medical, government, judicial and telecommunication service providers.  The Company is based in Woodbury, Minnesota.

    Strength Capital Partners

    Strength Capital Partners is a Birmingham, Michigan-based private equity firm that specializes in acquiring “Middle Economy” businesses throughout the greater Midwest. The firm targets businesses with $20 – $200 million in annual sales in manufacturing, distribution, industrial and financial services, infrastructure and consumer products.

    • has been acquired by

    McCombs Frank Roos Associates (MFRA)

    MFRA offers a full range of professional consulting services to clients in the public and private sectors. Their comprehensive range of services includes civil engineering, planning, surveying, and energy-related services.  MFRA’s expertise is frequently used in land development, wind energy, industrial wastewater, community planning and other initiatives.  The Company is based in Plymouth, Minnesota.

    Tonka Bay Equity Partners

    Tonka Bay is a Minnetonka, Minnesota-based private equity firm that acquires and invests in niche manufacturing and business services companies with EBITDA greater than $2 million. They provide multiple forms of junior capital including common stock, preferred stock and subordinated debt—investment may represent a control or a non-control position in a portfolio company.

    • has been acquired by
    • a portfolio company of

    Creatis

    Creatis, based in Minneapolis, is a creative and marketing resourcing firm that helps businesses get more work done by delivering outsourced studio production services and on-site staffing resources to extend the capabilities of their internal teams.  For over 20 years, Creatis has been helping companies like Medtronic, Ecolab, UnitedHealth Group and RBC Wealth Management find high-quality marketing and creative solutions.

     

    24 Seven

    24 Seven, headquartered in New York, is one of North America’s largest digital marketing and creative staffing resourcing firms specializing in the placement of freelance and full-time creative, digital marketing, and technology talent through a network of eleven U.S. offices and two international offices. Clients include a combination of corporations and marketing/advertising agencies.  24 Seven is a portfolio company of Morgan Stanley Capital Partners.

    • has been acquired by
    • Therma Logo
    • a portfolio company of

    Gilbert Mechanical

    Gilbert Mechanical is a leading provider of mechanical, electrical, plumbing, controls and fire protection services, including a comprehensive solution set for commercial customers in healthcare and other end markets with critical facility uptime needs. Gilbert’s in-house engineering staff and service department offer design-build project delivery and ongoing preventative and emergency maintenance to serve the full lifecycle of their customers’ facilities.  The Company was founded in 1978 and is headquartered in Minneapolis, MN.

     

    Therma Holdings

    Therma Holdings is a leading mechanical, electrical, plumbing and controls services company focused on designing, building, and servicing complex systems in mission-critical facilities. Therma has in-house engineering, design, fabrication, process piping, controls, pre-fabrication and installation capabilities. Therma works for owners, general contractors and construction managers in the technology, biopharmaceutical, data center, semiconductor and other industries with complex requirements.  Therma, a portfolio company of Gemspring Capital, is based in San Jose, CA with additional locations in Southern California, New Mexico, Maryland and Minnesota.

    • has been acquired by
    • a portfolio company of

    Automatic Systems Co.

    Automatic Systems is a leading systems integrator of controls and automation for water and wastewater treatment plants across the Upper Midwest.  ASC offers strong engineering and programming capabilities to design / build customized process automation solutions with products from top manufacturers and perform significant follow-on work including upgrades, maintenance, and emergency service to its diverse set of customers that includes an installed base of 10,000+ facilities.  The business was founded in 1967 and is headquartered just outside of Minneapolis, Minnesota with additional offices in Ames, Iowa and Chicago, Illinois

     

    Vessco, Inc.

    Vessco is a multifaceted water treatment company providing value-added distribution and engineering services for municipal and industrial water and wastewater treatment projects, primarily in the upper Midwest and central United States. The Company implements a highly technical sale process that requires a consultative, engineering-centric approach. This effort is supported by Vessco’s outstanding reputation as industry experts with its over 3,500 past customers. Vessco is headquartered in Chanhassen, Minnesota.  Vessco is a portfolio company of Detroit-based O2 Investment Partners.

    • has been acquired by

    Lovegreen Industrial Services

    Based in St. Paul, Minnesota and founded in 1948, Lovegreen is a millwright contracting and industrial services provider specializing in the installation, custom fabrication, relocation and repair of industrial equipment, and niche heavy duty metal fabrication.   Lovegreen also has two related entities in the transaction:  Reliatech, an Owner’s Rep provider; and Lovegreen Material Handling, a heavy duty overhead crane design, fabrication, installation and maintenance provider.

     

    New Day Partners

    New Day Partners, LLC is an entity formed by family office investors to acquire and operate Lovegreen.

    • has been acquired by

    Circuitech

    Circuitech is a leading provider of repair services for ATMs, self-checkout and teller cash/coin dispensers with technical expertise extending to products from all major manufacturers and models. Circuitech’s engineers and technicians have extensive background in electromechanical and electronic repair, and over 200 years of repair/test experience covering a wide range of technologies.

     

    HTX

    HTx Services is a a technology infrastructure and ATM maintenance services company, combining an integrated on-site support organization with a world class command center to cost effectively provide Level 1, 2 or 3 support in a multi-vendor environment.

    • has been acquired by
    • a portfolio company of

    Sir Lines-a-Lot

    Sir Lines-a-Lot, is a leading provider of highway, road, and parking lot pavement marking services with a a comprehensive suite of services including paint and epoxy striping, 3M tape, preformed thermoplastic marking, striping removal, and complete parking lot sign and bollard installation.

     

    Consolidated Infrastructure Group

    Consolidated Infrastructure Group provides a full spectrum of outsourced utility asset damage prevention services and solutions to electric, gas, wate

    • has been acquired by

    Avenica

    Avenica (formerly GradStaff) is the leading U.S. recruiting firm exclusively focused on placing recent college graduates into entry-level career-track positions. Avenica uses a proprietary interview process that identifies skills beyond the resume and partners with companies to refine job profiles and streamline the hiring process. A personalized matching process leads to the right fit for both candidates and clients, which results in better outcomes—very high candidate conversion and retention rates—at a lower cost. Avenica serves a national client base, and places thousands of recent graduates each year from seven offices throughout the United States.

     

    University Ventures

    University Ventures is a venture capital and private equity fund focused on investments around the future of higher education and creating new pathways from education to employment.  UV is led by principals with decades of experience as entrepreneurs, investors, authors, and leaders in higher education.

    • has been acquired by

    Tech-Pro

    Since 1989, Tech-Pro has provided experienced IT professionals and project teams to implement and maintain its clients’ essential systems and applications. The company’s staffing flexibility and technical breadth help its large clients meet priorities and deliver on projects. Tech-Pro’s clients span a variety of industries, including retail, financial services, healthcare, manufacturing, insurance and others.

    Artech Information Systems

    Artech is a providers workforce solutions, IT consulting, and SOW-project services as a Tier-1/Preferred Supplier to more than 70 Fortune 500 companies and numerous federal and state government agencies. Artech employs over 7,200 professionals and maintains over 25 locations across the U.S., India, and China.

    • has been acquired by

    BestMark

    Based in Minneapolis, BestMark assesses and improves customer satisfaction and loyalty for major companies in retail, automotive, hospitality, technology and other industries. BestMark’s comprehensive suite of customer information services includes mystery shopping, customer surveys, compliance audits, customer intercept interviews, and employee feedback surveys.

    Generation Growth Capital

    Generation Growth Capital is a Milwaukee-based private equity firm focusing on investments in small businesses to support ownership transition and growth opportunities. By partnering with solid management teams, GGC adopts a proactive, collaborative approach that builds the businesses in which they invest.

    • has been acquired by
    • a portfolio company of

    Carbonair

    Founded in 1983, Carbonair focuses on the rental and sale of specialized groundwater treatment equipment for the environmental, petroleum, and construction industries. These highly customized treatment systems are used extensively in both short and long-term applications across North America. Carbonair is headquartered in Roseville, Minnesota with additional locations in Florida, Texas, Virginia and Pennsylvania.

     

    ProAct Services Corporation

    ProAct, headquartered in Ludington, Michigan, is an environmental treatment solutions provider focused on removing contaminants from water, air, and soil for clients across the United States and abroad.

    • has been acquired by

    Northern Technologies

    Headquartered in Fargo, North Dakota, Northern Technologies is a geotechnical engineering and testing company with operations across the Upper Midwest.  In addition to its core services in geotechnical engineering and construction material testing, NTI has additional service capabilities including nondestructive testing, environmental site assessments, forensic engineering, and other related services.

     

    Arch Equity Partners

    Arch Equity Partners, headquartered in St. Louis, Missouri, is a private investment firm that concentrates on investments in companies in the lower middle market. Northern Technologies is Arch Equity Partners’ seventh portfolio company.

     

    • has been acquired by

    Garden & Associates

    Garden & Associates, Inc. is a Minneapolis, Minnesota-based provider of outsourced language services to the medical market.  G&A also provides document translation and serves legal, corporate, and government entities.

    Generation Growth Capital

    Generation Growth Capital is a Milwaukee-based private equity firm focusing on investments in small businesses to support growth opportunities.

    • has been acquired by

    Helgeson Enterprises

    Helgeson Enterprises is a leading provider of outsourced data validation and fulfillment services for rebates and other programs.  The Company is engaged in data entry, mail processing, document scanning, validation, processing, call center management, program management, and fulfillment procedures.  Helgeson Enterprises is based in White Bear Lake, Minnesota.

    Parago

    Parago is a Dallas, Texas-based provider of incentive and engagement solutions.  Parago delivers a range of services and technology for rebates, reward programs, channel management, and prepaid programs.

    • has been acquired by
    • a portfolio company of

    eDocument Resources

    eDocument Resources is a content management and workflow optimization IT consulting firm serving government, healthcare, insurance and other clients.  eDocument Resources is based in Minneapolis, Minnesota.

    DataBank IMX

    DataBank IMX is a Beltsville, Maryland provider of outsourced imaging and information solutions for the government, higher education, healthcare, energy and general industrial markets. DataBank is a portfolio company of Chicago-based private equity group Svoboda Capital Partners.

    • has been recapitalized by

    Premier Restaurant Equipment Company

    Premier is a full service foodservice design and equipment firm specializing in casinos, restaurants, senior living facilities, hospitals, hotels, entertainment facilities and cafeterias.  It offers a range of design, procurement, project management, master planning, budgeting, installation and other services.  Premier Restaurant Equipment Company is based in Minneapolis, Minnesota.

    Hillcrest Capital Partners

    Hillcrest Capital Partners is a Minneapolis-based private equity firm.  It focuses on acquiring smaller middle market companies based in the upper Midwest, typically owned by families or entrepreneurs who are looking for liquidity and ownership transition.

    • has been acquired by
    • a portfolio company of

    Certes Financial Pros

    Certes Financial Pros capitalizes on the increasing demand for high-end financial and accounting outsourcing. The Company specializes in providing financial professionals to clients requiring outside assistance with financial project support and interim financial professionals.  Certes is based in Golden Valley, Minnesota.

    Staffing Now

    Staffing Now is an employment services company that specializes in placing administrative, finance, accounting or legal professionals on a temporary and full-time basis.  The Company has over 40 offices across the Midwest, Northeast, Mid-Atlantic and Southeast.  Staffing Now is based in Des Moines, Iowa and is a portfolio company of Gryphon Investors, a San Francisco-based private equity firm.

    • has been acquired by

    Supply Chain Services

    Supply Chain Services is a technical logistics company specializing in the design, sales and support of mobility, wireless, scanning and other supply chain management solutions.  SCS helps customers obtain strategic information by offering a wide variety of mobile solutions, bringing enterprise software out to the “last mile” users in the manufacturing facility, warehouse or retail floor.  Examples of SCS technology offerings include portable data terminals, barcode scanners, wireless networking equipment, card/check readers, RFID and more.  Supply Chain Services is based in Stillwater, Minnesota.

    SCS Acquisition Company, LLC

    Supply Chain Services was acquired by an entity formed by Sidney Emery, the former Chairman and CEO of MTS Systems Corporation (NASDAQ: MTSC).

    • has been acquired by

    Information Security Technology (IST)

    IST is a leading provider of information security solutions for business, non-profit organizations and all levels of government. The Company’s security solutions combine best-available technology with industry expertise to create end-to-end solutions, from system development to regular security audits.  IST is now based in Skokie, Illinois.

    Forsythe

    Forsythe is focused on providing its clients with infrastructure solutions that help optimize cost and manage risk of their IT systems while improving performance. The Company offers technology and business consulting services, technology leasing, and products from all leading IT infrastructure manufacturers.  Forsythe’s clients are served from nearly 50 offices in the United States and western Canada.  The Company is based in Skokie, Illinois.

    • has been acquired by

    Dascom Systems Group, Inc.

    Dascom specializes in designing, integrating and manufacturing audio and video systems for distance learning, videoconferencing, corporate boardrooms and IPTV.  They serve several key markets including, corporate, education, broadcast, medical, government, judicial and telecommunication service providers.  The Company is based in Woodbury, Minnesota.

    Strength Capital Partners

    Strength Capital Partners is a Birmingham, Michigan-based private equity firm that specializes in acquiring “Middle Economy” businesses throughout the greater Midwest. The firm targets businesses with $20 – $200 million in annual sales in manufacturing, distribution, industrial and financial services, infrastructure and consumer products.

    • has been acquired by

    McCombs Frank Roos Associates (MFRA)

    MFRA offers a full range of professional consulting services to clients in the public and private sectors. Their comprehensive range of services includes civil engineering, planning, surveying, and energy-related services.  MFRA’s expertise is frequently used in land development, wind energy, industrial wastewater, community planning and other initiatives.  The Company is based in Plymouth, Minnesota.

    Tonka Bay Equity Partners

    Tonka Bay is a Minnetonka, Minnesota-based private equity firm that acquires and invests in niche manufacturing and business services companies with EBITDA greater than $2 million. They provide multiple forms of junior capital including common stock, preferred stock and subordinated debt—investment may represent a control or a non-control position in a portfolio company.

Consumer transactions

    • has been acquired by
    • Spell Capital Logo

    Polar Plastics

    Polar Plastics is a St. Paul-based manufacturer of plastic film and low density polyethylene products.  The Company’s plastic sheeting, film, and bags are used in a wide variety of end markets and applications including packaging, logistics, home improvement, consumer, and more.  Products are sold through mass retail and distribution under the Polar Plastics brand and private label.

     

    Spell Capital

    Spell Capital Partners is a Minneapolis-based private equity group with a focus on well-managed, historically profitable industrial manufacturing businesses. Spell Capital Partners is currently investing out of its fifth fund.

    • has been acquired by

    JDS Marketing & Sales

    JDS Marketing & Sales, based in Minneapolis, is a leading e-commerce retailer and wholesaler of personalized gifts for weddings, birthdays, holidays and special occasions.  The Company goes to market through its direct-to-consumer sites A Gift Personalized and GroomsShop, Amazon and Etsy storefronts, and wholesale through a variety of top wedding and gift retailers.  Products include a selection of over 6,000 SKUs of barware, travel accessories, home décor, and other gift items personalized with diamond engraving, laser etching, screen and direct-to-garment printing, and embroidery.

     

    Traverse Pointe Partners

    Traverse Pointe Partners, based in Chicago, is a private equity firm focused on control investments at the lower end of the middle market.  The firm targets the sectors of manufacturing, business services, healthcare and distribution.  JDS marks the third platform in its portfolio.

    • has been acquired by
    • a portfolio company of

    Whiting Clinic

    Whiting Clinic is a top provider of LASIK vision correction and cataract surgery in the Minneapolis-St. Paul area.  Whiting Clinic was founded in 2009 by leading ophthalmologist Dr. David Whiting, who has performed more than 100,000 LASIK procedures in the Twin Cities.

     

    Vision Group Holdings

    Vision Group Holdings, based in West Palm Beach, Florida, is the largest LASIK provider in North America, with locations across the United States and Canada.  Clinics under VGH’s two brands, The LASIK Vision Institute and TLC Laser Eye Centers, have collectively performed over 3.3 million LASIK eye procedures.

     

    • has been acquired by

    Modern Automotive Performance

    Modern Automotive Performance, based in St. Paul, MN, is a specialty e-commerce retailer and manufacturer of aftermarket automotive parts and accessories for upgrades to Mitsubishi, Subaru, Honda and other leading marques.  MAP offers over 40,000 SKUs to its large and growing customer base of performance tuning and racing enthusiasts.

     

    SD Wheel

    Enthusiast Enterprises, based in Chicago, is a leading e-commerce retailer for custom car and truck accessories and wheel fitments.  They have built up a reputation for selling and distributing the highest quality wheels and tires through brands such as SD Wheel, Custom Offsets, Fitment Industries, ARKON OFF-ROAD, Anthem Off-Road, TrailBuilt Off-Road, Mr. Wheel Deal, and Artisa ArtFormed Wheels.

    • has been acquired by
    • Spell Capital Logo

    Animal Adventure

    Animal Adventure, headquartered in Minneapolis, Minnesota, is a designer and manufacturer of plush products for the children’s, baby, pet, and water toy markets.  The Company provides its products to leading retailers worldwide including Target, Walmart, Toys R Us, Walgreens, Tesco, Costco, Safeway, Petco, and many others.  Animal Adventure produces several distinctive branded product lines alongside its expertise in private label and seasonal items.

    Spell Capital Partners

    Spell Capital Partners is a Minneapolis-headquartered private equity group engaged in the acquisition of controlling interests in well-managed, historically profitable industrial manufacturing businesses.  The group focuses on collaborating with management to grow the companies in which they invest – both internally and through add-on acquisitions.  Spell Capital Partners is currently investing out of its fourth private equity buyout fund.

    • Mindware Logo
    • has been acquired by
    • Oriental Training Logo

    MindWare

    MindWare is an award-winning creator and manufacturer of Brainy Toys for Kids of All Ages. Its diverse product line includes educational toys, games, brain teasers, creative play activities, building sets, coloring books and more! The company has evolved into a direct-to-consumer catalog and website, along with its own wholesale division. Consumers, educators and retailers have come to recognize MindWare as a trusted resource for their families, students and customers.  MindWare is based in Roseville, Minnesota.

    Oriental Trading

    Oriental Trading Company, a Berkshire Hathaway company, is the nation’s largest direct retailer of value-priced party supplies, arts and crafts, toys and novelties, and a leading provider of school supplies and affordable home décor and giftware.  Oriental Trading is based in Omaha, Nebraska.

    • has been acquired by
    • a portfolio company of

    Hound Dog Products

    Hound Dog Products is a leader in the design, marketing and distribution of innovative lawn and garden tools. The Company started on the strength of its original weeding tool and now has a number of complementary products filling a variety of lawn and garden needs, including weeding, edging, pet clean up, aerating, irrigating, cultivating, planting and tilling.  The Company is now based in Camp Hill, Pennsylvania.

    Ames True Temper

    Ames True Temper is a leading North American manufacturer and marketer of non-powered lawn and garden products including tools and decorative accessories.  The Company sells its products primarily in the U.S. and Canada through retail centers, wholesale chains and industrial distributors. Ames True Temper is based in Camp Hill, Pennsylvania and is a portfolio company of New York-based private equity firm, Castle Harlan.

    • has been recapitalized by

    Don Stevens

    Don Stevens is a wholesale distribution business representing top brands across HVAC, foodservice and lodging equipment, including Goodman, Amana, Manitowoc, Silver King, Panasonic, McCall, SerVend, Imperial, Kelvinator, LG, Honeywell and many others. Don Stevens sells to equipment dealers and contractors in the Upper Midwest, with branch locations in Minnesota, Wisconsin, Iowa, North Dakota and Nebraska.  Don Stevens is based in Eagan, Minnesota.

    Ironwood Partners

    Ironwood Partners is a New York-based private equity firm that invests primarily in growing manufacturing and distribution companies that can benefit from the implementation of “lean business systems”. This hands-on, collaborative group takes a long term approach to improving and building businesses, while drawing heavily on the knowledge of their collective experience and relationships with successful business leaders.

    • has been acquired by

    Pella Rio Grande, Inc.

    Pella Rio Grande, Inc. is an independently-owned distributor that sells, installs, and provides service for Pella window and door products.  The Company serves customers across its sales territory, which includes the New Mexico, five counties in southwestern Colorado, and eight counties in west Texas.  Pella Rio Grande is based is Albuquerque, New Mexico.

    Bonafair Capital Group

    Bonafair Capital Group, Inc. is an investment firm formed by Thomas Bonafair and minority partner Tom Womack.  Formerly, Mr. Bonafair was the president and chairman of New Mexico Beverage Co., a liquor distribution company.  Mr. Bonafair also previously owned Santa Fe Springs, a bottled water company, which he sold to another investor.

    • has been acquired by

    Spectrum Products

    Spectrum Products is a complete provider of commercial swimming pool deck equipment for schools, hotels, recreational centers, fitness clubs, and therapy/rehabilitation facilities.  Spectrum utilizes the highest quality materials to make durable equipment including assisted access lifts, lifeguard chairs, rail goods and ladders, starting platforms and thermal pool blankets.  Spectrum Products is based in Missoula, Montana.

    PlayCore

    PlayCore is a Chattanooga, Tennessee-based leader in the design, manufacture, and marketing of a broad range of commercial and consumer playground and park equipment, surfacing, site amenity, fitness, and related play products. PlayCore operates under the following family of brands: GameTime, UltraSite, UltraShelter, UltraPlay, GT Grandstands, Snug, Play & Park Structures, TotTurf, Everlast Climbing, and Swing-N-Slide. PlayCore is a portfolio company of New York-based private equity group Irving Place Capital.

    • has been acquired by

    Cedar Valley Exteriors

    Cedar Valley Exteriors is an insurance restoration business that manages repair of storm-damaged property, primarily resulting from wind and hail. The Company offers a turnkey solution that allows owners to have property repaired without the hassle of dealing with large, bureaucratic insurance and mortgage companies.  Cedar Valley Exteriors is based in Minneapolis, Minnesota.

    CMS Small-Cap

    CMS Small-Cap is a private equity fund from CMS Companies, a Philadelphia investment firm.  The Company focuses on businesses with less than $6 million in cash flow in the building materials, consumer products, distribution, for-profit education, healthcare services as well as professional and business services industries.  CMS Small-Cap is based in Philadelphia, Pennsylvania.

    • has been acquired by

    Dascom Systems Group, Inc.

    Dascom specializes in designing, integrating and manufacturing audio and video systems for distance learning, videoconferencing, corporate boardrooms and IPTV.  They serve several key markets including, corporate, education, broadcast, medical, government, judicial and telecommunication service providers.  The Company is based in Woodbury, Minnesota.

    Strength Capital Partners

    Strength Capital Partners is a Birmingham, Michigan-based private equity firm that specializes in acquiring “Middle Economy” businesses throughout the greater Midwest. The firm targets businesses with $20 – $200 million in annual sales in manufacturing, distribution, industrial and financial services, infrastructure and consumer products.

    • has been acquired by

    InVision Optical

    InVision Optical is a chain of upscale eyewear stores offering a wide variety of glasses and eyecare services.  InVision Optical is based in Minneapolis, Minnesota.

    InVision Optical, LLC

    InVision Optical was acquired by a former consumer products executive.

    • has been acquired by
    • Spell Capital Logo

    Polar Plastics

    Polar Plastics is a St. Paul-based manufacturer of plastic film and low density polyethylene products.  The Company’s plastic sheeting, film, and bags are used in a wide variety of end markets and applications including packaging, logistics, home improvement, consumer, and more.  Products are sold through mass retail and distribution under the Polar Plastics brand and private label.

     

    Spell Capital

    Spell Capital Partners is a Minneapolis-based private equity group with a focus on well-managed, historically profitable industrial manufacturing businesses. Spell Capital Partners is currently investing out of its fifth fund.

    • has been acquired by

    JDS Marketing & Sales

    JDS Marketing & Sales, based in Minneapolis, is a leading e-commerce retailer and wholesaler of personalized gifts for weddings, birthdays, holidays and special occasions.  The Company goes to market through its direct-to-consumer sites A Gift Personalized and GroomsShop, Amazon and Etsy storefronts, and wholesale through a variety of top wedding and gift retailers.  Products include a selection of over 6,000 SKUs of barware, travel accessories, home décor, and other gift items personalized with diamond engraving, laser etching, screen and direct-to-garment printing, and embroidery.

     

    Traverse Pointe Partners

    Traverse Pointe Partners, based in Chicago, is a private equity firm focused on control investments at the lower end of the middle market.  The firm targets the sectors of manufacturing, business services, healthcare and distribution.  JDS marks the third platform in its portfolio.

    • has been acquired by
    • a portfolio company of

    Whiting Clinic

    Whiting Clinic is a top provider of LASIK vision correction and cataract surgery in the Minneapolis-St. Paul area.  Whiting Clinic was founded in 2009 by leading ophthalmologist Dr. David Whiting, who has performed more than 100,000 LASIK procedures in the Twin Cities.

     

    Vision Group Holdings

    Vision Group Holdings, based in West Palm Beach, Florida, is the largest LASIK provider in North America, with locations across the United States and Canada.  Clinics under VGH’s two brands, The LASIK Vision Institute and TLC Laser Eye Centers, have collectively performed over 3.3 million LASIK eye procedures.

     

    • has been acquired by

    Modern Automotive Performance

    Modern Automotive Performance, based in St. Paul, MN, is a specialty e-commerce retailer and manufacturer of aftermarket automotive parts and accessories for upgrades to Mitsubishi, Subaru, Honda and other leading marques.  MAP offers over 40,000 SKUs to its large and growing customer base of performance tuning and racing enthusiasts.

     

    SD Wheel

    Enthusiast Enterprises, based in Chicago, is a leading e-commerce retailer for custom car and truck accessories and wheel fitments.  They have built up a reputation for selling and distributing the highest quality wheels and tires through brands such as SD Wheel, Custom Offsets, Fitment Industries, ARKON OFF-ROAD, Anthem Off-Road, TrailBuilt Off-Road, Mr. Wheel Deal, and Artisa ArtFormed Wheels.

    • has been acquired by
    • Spell Capital Logo

    Animal Adventure

    Animal Adventure, headquartered in Minneapolis, Minnesota, is a designer and manufacturer of plush products for the children’s, baby, pet, and water toy markets.  The Company provides its products to leading retailers worldwide including Target, Walmart, Toys R Us, Walgreens, Tesco, Costco, Safeway, Petco, and many others.  Animal Adventure produces several distinctive branded product lines alongside its expertise in private label and seasonal items.

    Spell Capital Partners

    Spell Capital Partners is a Minneapolis-headquartered private equity group engaged in the acquisition of controlling interests in well-managed, historically profitable industrial manufacturing businesses.  The group focuses on collaborating with management to grow the companies in which they invest – both internally and through add-on acquisitions.  Spell Capital Partners is currently investing out of its fourth private equity buyout fund.

    • Mindware Logo
    • has been acquired by
    • Oriental Training Logo

    MindWare

    MindWare is an award-winning creator and manufacturer of Brainy Toys for Kids of All Ages. Its diverse product line includes educational toys, games, brain teasers, creative play activities, building sets, coloring books and more! The company has evolved into a direct-to-consumer catalog and website, along with its own wholesale division. Consumers, educators and retailers have come to recognize MindWare as a trusted resource for their families, students and customers.  MindWare is based in Roseville, Minnesota.

    Oriental Trading

    Oriental Trading Company, a Berkshire Hathaway company, is the nation’s largest direct retailer of value-priced party supplies, arts and crafts, toys and novelties, and a leading provider of school supplies and affordable home décor and giftware.  Oriental Trading is based in Omaha, Nebraska.

    • has been acquired by
    • a portfolio company of

    Hound Dog Products

    Hound Dog Products is a leader in the design, marketing and distribution of innovative lawn and garden tools. The Company started on the strength of its original weeding tool and now has a number of complementary products filling a variety of lawn and garden needs, including weeding, edging, pet clean up, aerating, irrigating, cultivating, planting and tilling.  The Company is now based in Camp Hill, Pennsylvania.

    Ames True Temper

    Ames True Temper is a leading North American manufacturer and marketer of non-powered lawn and garden products including tools and decorative accessories.  The Company sells its products primarily in the U.S. and Canada through retail centers, wholesale chains and industrial distributors. Ames True Temper is based in Camp Hill, Pennsylvania and is a portfolio company of New York-based private equity firm, Castle Harlan.

    • has been recapitalized by

    Don Stevens

    Don Stevens is a wholesale distribution business representing top brands across HVAC, foodservice and lodging equipment, including Goodman, Amana, Manitowoc, Silver King, Panasonic, McCall, SerVend, Imperial, Kelvinator, LG, Honeywell and many others. Don Stevens sells to equipment dealers and contractors in the Upper Midwest, with branch locations in Minnesota, Wisconsin, Iowa, North Dakota and Nebraska.  Don Stevens is based in Eagan, Minnesota.

    Ironwood Partners

    Ironwood Partners is a New York-based private equity firm that invests primarily in growing manufacturing and distribution companies that can benefit from the implementation of “lean business systems”. This hands-on, collaborative group takes a long term approach to improving and building businesses, while drawing heavily on the knowledge of their collective experience and relationships with successful business leaders.

    • has been acquired by

    Pella Rio Grande, Inc.

    Pella Rio Grande, Inc. is an independently-owned distributor that sells, installs, and provides service for Pella window and door products.  The Company serves customers across its sales territory, which includes the New Mexico, five counties in southwestern Colorado, and eight counties in west Texas.  Pella Rio Grande is based is Albuquerque, New Mexico.

    Bonafair Capital Group

    Bonafair Capital Group, Inc. is an investment firm formed by Thomas Bonafair and minority partner Tom Womack.  Formerly, Mr. Bonafair was the president and chairman of New Mexico Beverage Co., a liquor distribution company.  Mr. Bonafair also previously owned Santa Fe Springs, a bottled water company, which he sold to another investor.

    • has been acquired by

    Spectrum Products

    Spectrum Products is a complete provider of commercial swimming pool deck equipment for schools, hotels, recreational centers, fitness clubs, and therapy/rehabilitation facilities.  Spectrum utilizes the highest quality materials to make durable equipment including assisted access lifts, lifeguard chairs, rail goods and ladders, starting platforms and thermal pool blankets.  Spectrum Products is based in Missoula, Montana.

    PlayCore

    PlayCore is a Chattanooga, Tennessee-based leader in the design, manufacture, and marketing of a broad range of commercial and consumer playground and park equipment, surfacing, site amenity, fitness, and related play products. PlayCore operates under the following family of brands: GameTime, UltraSite, UltraShelter, UltraPlay, GT Grandstands, Snug, Play & Park Structures, TotTurf, Everlast Climbing, and Swing-N-Slide. PlayCore is a portfolio company of New York-based private equity group Irving Place Capital.

    • has been acquired by

    Cedar Valley Exteriors

    Cedar Valley Exteriors is an insurance restoration business that manages repair of storm-damaged property, primarily resulting from wind and hail. The Company offers a turnkey solution that allows owners to have property repaired without the hassle of dealing with large, bureaucratic insurance and mortgage companies.  Cedar Valley Exteriors is based in Minneapolis, Minnesota.

    CMS Small-Cap

    CMS Small-Cap is a private equity fund from CMS Companies, a Philadelphia investment firm.  The Company focuses on businesses with less than $6 million in cash flow in the building materials, consumer products, distribution, for-profit education, healthcare services as well as professional and business services industries.  CMS Small-Cap is based in Philadelphia, Pennsylvania.

    • has been acquired by

    Dascom Systems Group, Inc.

    Dascom specializes in designing, integrating and manufacturing audio and video systems for distance learning, videoconferencing, corporate boardrooms and IPTV.  They serve several key markets including, corporate, education, broadcast, medical, government, judicial and telecommunication service providers.  The Company is based in Woodbury, Minnesota.

    Strength Capital Partners

    Strength Capital Partners is a Birmingham, Michigan-based private equity firm that specializes in acquiring “Middle Economy” businesses throughout the greater Midwest. The firm targets businesses with $20 – $200 million in annual sales in manufacturing, distribution, industrial and financial services, infrastructure and consumer products.

    • has been acquired by

    InVision Optical

    InVision Optical is a chain of upscale eyewear stores offering a wide variety of glasses and eyecare services.  InVision Optical is based in Minneapolis, Minnesota.

    InVision Optical, LLC

    InVision Optical was acquired by a former consumer products executive.

Healthcare transactions

    • has been acquired by
    • a portfolio company of

    Omni Cosmetic:

    Omni Cosmetic is a Wayzata, Minnesota-based provider of cosmetic & plastic surgery and non-surgical treatments with an AAAASF-certified surgery center and two med spa locations.  Omni offers a full suite of surgical services including facial, breast, and body surgery as well gender confirming facial and body surgery; and a wide variety of non-surgical treatments including Botox, fillers, facials, laser, peels, hormone replacement therapy, and more.

     

    Pinnacle Dermatology:

    Pinnacle Dermatology is Nashville, Tennessee-based leader in population skin health with over 80 locations across 11 states.  Pinnacle is a portfolio company of Chicago Pacific Founders.

    • has been acquired by
    • a portfolio company of

    Whiting Clinic

    Whiting Clinic is a top provider of LASIK vision correction and cataract surgery in the Minneapolis-St. Paul area.  Whiting Clinic was founded in 2009 by leading ophthalmologist Dr. David Whiting, who has performed more than 100,000 LASIK procedures in the Twin Cities.

     

    Vision Group Holdings:

    Vision Group Holdings, based in West Palm Beach, Florida, is the largest LASIK provider in North America, with locations across the United States and Canada.  Clinics under VGH’s two brands, The LASIK Vision Institute and TLC Laser Eye Centers, have collectively performed over 3.3 million LASIK eye procedures.

     

    • has been acquired by

    InVision Optical

    InVision Optical is a chain of upscale eyewear stores offering a wide variety of glasses and eyecare services.  InVision Optical is based in Minneapolis, Minnesota.

    InVision Optical, LLC

    InVision Optical was acquired by a former consumer products executive.

    • has been acquired by
    • a portfolio company of

    Omni Cosmetic:

    Omni Cosmetic is a Wayzata, Minnesota-based provider of cosmetic & plastic surgery and non-surgical treatments with an AAAASF-certified surgery center and two med spa locations.  Omni offers a full suite of surgical services including facial, breast, and body surgery as well gender confirming facial and body surgery; and a wide variety of non-surgical treatments including Botox, fillers, facials, laser, peels, hormone replacement therapy, and more.

     

    Pinnacle Dermatology:

    Pinnacle Dermatology is Nashville, Tennessee-based leader in population skin health with over 80 locations across 11 states.  Pinnacle is a portfolio company of Chicago Pacific Founders.

    • has been acquired by
    • a portfolio company of

    Whiting Clinic

    Whiting Clinic is a top provider of LASIK vision correction and cataract surgery in the Minneapolis-St. Paul area.  Whiting Clinic was founded in 2009 by leading ophthalmologist Dr. David Whiting, who has performed more than 100,000 LASIK procedures in the Twin Cities.

     

    Vision Group Holdings:

    Vision Group Holdings, based in West Palm Beach, Florida, is the largest LASIK provider in North America, with locations across the United States and Canada.  Clinics under VGH’s two brands, The LASIK Vision Institute and TLC Laser Eye Centers, have collectively performed over 3.3 million LASIK eye procedures.

     

    • has been acquired by

    InVision Optical

    InVision Optical is a chain of upscale eyewear stores offering a wide variety of glasses and eyecare services.  InVision Optical is based in Minneapolis, Minnesota.

    InVision Optical, LLC

    InVision Optical was acquired by a former consumer products executive.