Eldridge Acquires G-Form

H.I.G. Capital Acquires Avient's Distribution Business, Creating Formerra

November 1, 2022

Industrial Services

H.I.G. Capital (through an affiliate) completed the acquisition of Avient Corporation's Distribution business for $950 million in cash and launched the business as an independent company named Formerra. The carve-out creates a platform distributor of engineered thermoplastic resins, additives and specialty polymers serving healthcare, consumer, industrial and mobility markets; Avient expects approximately $750 million in after-tax proceeds.

Gen Cap America Acquires Eastern Business Forms

August 14, 2020

Medical Devices

Gen Cap America, a Nashville-based private equity firm, has acquired Eastern Business Forms (EBF), a Greenville, South Carolina manufacturer of 903 filter paper used in newborn screening diagnostics. The deal was completed in partnership with EBF management as a platform acquisition; terms were not disclosed.

Elvisridge Capital Acquires Glacier Outdoor (Glacier Glove)

April 26, 2022

Consumer Products

Elvisridge Capital, a private investment firm, acquired Glacier Outdoor, Inc. (dba Glacier Glove), a Reno-based manufacturer and distributor of specialty outdoor gloves and related apparel. Glacier Glove will join Elvisridge's fishing-focused portfolio to expand distribution and accelerate product development.

SEI Group Acquires G5 Enterprises

December 5, 2023

Building Products

SEI Group LLC, a Quad-C Management-backed installer of insulation and building products, acquired the assets of G5 Enterprises Inc., a Nixa, Missouri-based installer operating nine branches across Missouri and Arkansas. The add-on expands SEI's geographic footprint into the Midwest and South Central U.S.; financial terms were not disclosed.

GRO Capital Makes Strategic Investment in Adform

April 8, 2019

Cloud & SaaS

GRO Capital has agreed to become a new shareholder in Adform A/S, injecting significant equity and partnering with existing investor VIA equity and Adform’s management to support the company’s growth. Adform, a Copenhagen-based ad tech SaaS provider with roughly 850 employees, will use the investment to accelerate its global expansion and product development; closing was anticipated by end of April 2019.

Ares Management and Partners Acquire Majority Stake in Form Technologies

January 21, 2025

Manufacturing

Ares Management funds have acquired a majority of Form Technologies' common equity as part of a financing package that injected approximately $304 million of new equity to deleverage the company and support strategic growth. The capital—$154 million of common equity from Ares, the D. E. Shaw group and Onex Credit, plus $150 million of preferred equity from the D. E. Shaw group and Ripple Industries—will fund investments in operational capabilities and commercial expansion across Form Technologies' global manufacturing footprint.