Grede Acquires Certain Assets of Renaissance Manufacturing Group (RMG) Waukesha

Gamut Capital Funds Acquire Grede U.S. Iron Casting Operations from American Axle & Manufacturing

September 18, 2019

Manufacturing

Funds managed by Gamut Capital Management agreed to acquire American Axle & Manufacturing's U.S. iron casting operations, Grede, for an aggregate purchase price of $245 million. AAM sold the business as a divestiture to streamline operations and accelerate debt reduction; Grede operates 10 U.S. foundry/manufacturing facilities serving automotive, commercial vehicle and industrial markets.

Grede Acquires Neenah Enterprises' Commercial Vehicle Business and Advanced Cast Products (ACP)

July 20, 2021

Manufacturing

Grede has signed a definitive agreement to acquire Neenah Enterprises, Inc.'s commercial vehicle business, select industrial book of business and the Advanced Cast Products (ACP) operations in Meadville, Pennsylvania. The acquisition (expected to close in Q3 2021) adds ~220 ACP employees and expands Grede's casting and machining capabilities to better serve commercial vehicle, automotive and industrial OEM customers; terms were not disclosed.

Ridgemont Equity Partners Provides Growth Capital to Crete Mechanical Group

June 2, 2022

HVAC & Mechanical

Ridgemont Equity Partners provided significant growth capital to Crete Mechanical Group (CMG) to support the build-out of a national platform of HVAC, electrical, plumbing and building automation service companies. Financing for the transaction was led by Ares Management Corporation and Churchill Asset Management; terms were not disclosed.

Regent Acquires Three Modine Automotive Businesses in Germany

September 6, 2023

Automotive

Modine has signed a definitive agreement to sell three of its German automotive businesses (located in Neuenkirchen, Pliezhausen and Wackersdorf) to affiliates of Regent, L.P. The businesses manufacture exhaust gas recirculation (EGR) coolers, radiators and charge air cooler modules and generated combined FY2023 revenue of $80–$90 million; the sale is part of Modine's strategy to focus on higher-margin technologies and is expected to close pending regulatory approval.

Crete United (Ridgemont Equity Partners) Acquires Hartwig Mechanical, Inc.

November 21, 2024

HVAC & Mechanical

Crete United, a portfolio company of Ridgemont Equity Partners, has acquired Hartwig Mechanical, Inc., a full-service commercial and industrial mechanical contractor founded in 1958. BaseRock Partners served as exclusive financial advisor to Hartwig; the acquisition expands Crete United's geographic footprint and strengthens its presence in the Midwest.

Lignetics Acquires Great Lakes Renewable Energy

March 31, 2021

Manufacturing

Lignetics, a portfolio company of Taglich Private Equity, acquired Great Lakes Renewable Energy (GLRE), a Hayward, Wisconsin-based wood pellet manufacturer, in a transaction that closed March 31, 2021. The deal adds GLRE's Lumber Jack Grilling Pellets brand and unique round-log 5.5mm pellet capacity to Lignetics' portfolio, expanding its grilling and consumer pellet offerings.