GreyLion Partners Makes Strategic Investment in Torginol

Torginol Acquires Chips Unlimited

December 3, 2025

Manufacturing

Torginol, a Sheboygan, Wisconsin-based manufacturer of decorative flake, quartz and specialty products for resinous flooring, has completed the acquisition of Chips Unlimited, a Tempe, Arizona-based producer of decorative chip/flake products. The deal (terms not disclosed) expands Torginol's product suite, manufacturing footprint and ability to serve domestic, international and specialty markets with broader product availability and faster lead times.

GreyLion Acquires Norwood Sawmills

March 10, 2022

Manufacturing

GreyLion, a New York-based private equity firm, acquired Norwood Sawmills, a portable sawmill manufacturer based in Ontario, Canada, with Monroe Capital arranging senior debt to support the transaction. GreyLion said the investment will fund growth initiatives including hiring, sales and marketing expansion, product development and technology investments; the firm also announced a separate investment in Webconnex.

Bielenda Group Acquires Torf Corporation (Tołpa & ON)

January 1, 2023

Consumer Products

Bielenda Natural Cosmetics will acquire 100% of Torf Corporation, the owner of the Tołpa and ON brands, in a transaction supported by Bielenda’s main investor Innova Capital. The majority stake in Torf is being sold by private equity firm Resource Partners; the deal will expand Bielenda’s product portfolio—including entry into oral hygiene—and awaits approval from the Polish Office of Competition and Consumer Protection.

L Squared Capital Partners Acquires Kano Laboratories from Gryphon Investors

December 18, 2024

Manufacturing

L Squared Capital Partners has acquired Kano Laboratories, the 85-year-old maker of Kroil penetrating oils and Super Lube synthetic lubricants, from Gryphon Investors. The transaction — led by L Squared's Fund IV with co-investment from select limited partners and participation from Kano's executive leadership team — positions Kano as a platform for add-on acquisitions targeted at specialty chemical and industrial MRO businesses.

Gryphon Investors Acquires Kano Laboratories

November 19, 2020

Manufacturing

Gryphon Investors has acquired Kano Laboratories, the Nashville-based maker of Kroil and AeroKroil penetrating oils and lubricants. Gryphon said it will build a branded specialty chemicals platform around Kano, appointing Sevan Demirdogen as CEO and naming Mike Irwin as Executive Chairman; financial terms were not disclosed.

Rubicon Technology Partners Acquires Tacton; GRO Co-Invests

July 13, 2023

Cloud & SaaS

Rubicon Technology Partners has acquired Tacton, the Stockholm-headquartered leader in CPQ SaaS for complex manufacturers, with GRO Capital (via GRO Fund III) investing alongside Rubicon. The transaction represents a sale by existing investors GRO Fund I and Kirk Kapital and is intended to accelerate Tacton's global growth, particularly in North America, through product innovation and go-to-market expansion.