Latest News on KRG Capital
KRG Capital Portfolio Company PAS Technologies enters into agreement to be acquired by StandardAero Holdings, Inc.
DENVER, CO (March 29, 2017) – KRG Capital Partners (“KRG”), a Denver-based buyout firm, has entered into a merger agreement to sell PAS International Holdings, Inc. (“PAS” or the “Company”), a leading provider of OEM and aftermarket aerospace and industrial gas turbine (“IGT”) components as well as oil & gas valve components to StandardAero Holdings, Inc. (“StandardAero”).
“We have really enjoyed working with the PAS management team. They have done an excellent job of improving our plant-level capabilities and in the process enhancing our reputation with our customers for on-time service and leading-edge quality control. PAS is a great fit with StandardAero and we are confident the PAS team will enjoy continued success with their new strategic partner,” said Chuck Hamilton, Managing Director of KRG.
PAS’ Chief Executive Officer, Tom Hutton, added “Through organic capital investment and strategic initiatives, the partnership with … Read More »
KRG Capital Portfolio Company Vention Medical Enters into Agreements to Be Acquired in Two-Part Transaction
DENVER, CO (February 23, 2017) – Vention Medical (Vention), a KRG Capital Partners Fund IV (KRG) portfolio company and integrated services provider for the design, engineering and manufacturing of complex medical devices and components, has entered into merger agreements with separate buyers to sell the business in a two-step transaction. The Advanced Technologies segment will be acquired by Nordson Corporation, the leader in precision dispensing, fluid management, and related technologies and the Device Manufacturing Services segment will be acquired by MedPlast, Inc, a global services provider to the medical device industry. KRG expects the closing will occur in the second quarter of 2017.
Stew Fisher, Managing Director at KRG, commented “I would like to congratulate Dan Croteau and the entire Vention management team for their outstanding execution of the Company’s growth plan, establishing Vention as a technology and supply chain leader through organic … Read More »
DENVER, CO (February 3, 2017) – Convergint Technologies (“Convergint” or the “Company”), a KRG Fund IV (“KRG”) portfolio company and leading independent provider of integration services for electronic security, fire and life safety, and building automation systems has announced the acquisition of Post Browning. Founded in 1978, Post Browning is a full-service systems integrator providing consultation, installation, and maintenance for the retail banking industry. The acquisition represents Convergint’s first transaction of 2017 and 13th under KRG’s ownership.
“The acquisition of Post Browning expands Convergint’s presence within the physical banking security market and is representative of Convergint’s commitment to partnering with best-in-class regional security integrators to help us better serve our customers,” said Ted Nark, Managing Director of KRG.
KRG made an investment in Convergint in August 2012, representing the 12th of 15 platform company investments in KRG Fund IV. Post Browning represents … Read More »
Addition of nitinol wire-based technologies offers customers expanded solutions
SOUTH PLAINFIELD, N.J. (January 24, 2017) — Vention Medical announced today its recent acquisition of Lithotech Medical, an industry leader in complex nitinol wire-based technologies based in Israel. The acquisition will expand Vention’s broad portfolio of advanced components and technologies for the development and manufacturing of medical devices for the interventional market.
In addition to supplying discrete nitinol components, Vention will now have the capability to seamlessly integrate nitinol into customers’ design and development projects. With its ability to scale, Vention will be able to leverage nitinol-based technologies for the manufacturing and assembly of devices from low-volume prototypes to high-volume production.
“Partnering with this talented group of nitinol experts expands our portfolio of advanced components and technologies as well as our applications expertise,” said Tom Testa, President of Vention’s Advanced … Read More »
DENVER, CO (December 21, 2016) – KRG Capital Partners (KRG), a Denver-based buyout firm, today announced that it has completed the sale of Ansira Partners, Inc. (Ansira), a leading data-driven, technology-enabled marketing solutions provider, to Advent International. Financial terms were not disclosed.
Bruce Rogers, Managing Director at KRG, commented “I’d like to congratulate Martin Reidy and the entire Ansira management team for their superb execution of Ansira’s growth strategy and market positioning, and thank them for their strong partnership with KRG. Ansira is an industry leading solutions provider because Martin and his team remain keenly focused on delivering outstanding results for Ansira’s clients in this time of fast paced change in data-driven and technology-enabled marketing. We wish them all the best with their new partners Advent International.”
KRG acquired Ansira in March 2012, and the sale represents the 9th successful full exit … Read More »
DENVER, CO (October 21, 2016) – KRG Capital Partners (KRG), a Denver-based buyout firm, completed its sale of Fort Dearborn Company (“Fort Dearborn” or the “Company”), a leading North American supplier of high impact prime labels for the consumer goods industry to Advent International (“Advent”) on October 19, 2016.
KRG acquired Fort Dearborn in August 2010. This sale represents the eighth exit in KRG’s $1.96 billion Fund IV. Fort Dearborn also represents the 39th exit over KRG’s 20-year history of consistently applying the “buy-and-build” strategy to achieve growth by expanding the product and service capabilities of its platform companies to meet customer needs. Inception-to-date, KRG portfolio companies have completed a combined 199 add-on acquisitions.
KRG partnered with Fort Dearborn management to execute a strategic plan designed to capitalize on the Company’s core strengths, while expanding into higher-growth and emerging label technologies. During … Read More »
DENVER, CO (October 6, 2016) – Convergint Technologies (“Convergint”), a KRG Fund IV (“KRG”) portfolio company and leading independent provider of integration services for electronic security, fire and life safety, and building automation systems has announced the acquisition of Go Security Solutions. Founded in 2009, Go Security Solutions is a full service systems integrator specializing in electronic access control, video surveillance, alarm systems, and mechanical security solutions. The acquisition represents Convergint’s seventh transaction of 2016.
“The acquisition of Go Security Solutions strengthens Convergint’s presence in the Northeast and illustrates Convergint’s commitment to partnering with best-in-class regional security integrators to help us better serve our customers,” said Ted Nark, Managing Director of KRG.
KRG made an investment in Convergint in August 2012, representing the 12th of 15 platform company investments in KRG Fund IV. Go Security Solutions represents KRG’s 245th acquisition since inception.
About … Read More »
Investment to strengthen Fort Dearborn’s leadership across prime label technologies and accelerate growth in new products and geographies
BOSTON, MA and ELK GROVE, IL, August 11, 2016 – Advent International, one of the largest and most experienced global private equity investors, today announced that it has agreed to acquire a majority ownership interest in Fort Dearborn Company from KRG Capital Partners. Fort Dearborn Company is a leading North American supplier of high-impact, prime labels for the consumer goods industry. Fort Dearborn’s management team will retain a minority stake in the company and continue to lead the business following the completion of the transaction. Financial terms were not disclosed. The acquisition, subject to customary closing conditions, is expected to be completed in the third quarter of 2016.
“We are pleased to welcome Advent as our new investment partner,” said Jeff Brezek, President and … Read More »
Mark McCandish King, age 56, passed away suddenly on July 13, 2016 while fishing with his two sons, Michael and Colton, in British Columbia. Mark was a loving and devoted husband, father, brother, son, uncle, nephew and cousin who loved life and lived it to its fullest.
Mark was a co-founder of KRG, and he was a key impetus behind our founding in 1996. Mark had been a successful entrepreneur his entire adult life and was imbued by the confidence that KRG could begin humbly and develop into a highly successful growth oriented private equity firm. Mark had a unique ability to communicate with owners of family owned businesses and to convince them to partner with KRG. Mark also had a special knack for developing creative win-win deal structures and incentive plans that benefited acquired companies and KRG. Mark … Read More »
DENVER, CO (June 7, 2016) – Convergint Technologies (“Convergint” or the “Company”), a KRG Fund IV (“KRG”) portfolio company and leading independent provider of integration services for electronic security, fire and life safety, and building automation systems has announced the acquisition of Corporate Security Services. Corporate Security Services provides security solutions to the New York, New Jersey, and Philadelphia areas. This acquisition expands Convergint’s reach in these regions and offers Convergint robust engineering expertise in designing complex integrated systems. The acquisition represents Convergint’s fifth transaction of 2016.
“The acquisition of Corporate Security Services strengthens Convergint’s presence in an important market. It is representative of Convergint’s strategy to partner with regional security integrators with very strong reputations for providing high levels of customer service,” said Ted Nark, Managing Director of KRG.
KRG made an investment in Convergint in August 2012, representing the 12th … Read More »