Oaktree Capital Makes Minority Investment in Jones Industrial Holdings (Universal Plant Services)

New State Capital Partners Acquires Universal Plant Services' Rotating Equipment Segment

August 14, 2024

Industrial Services

New State Capital Partners, with partner APEX Capital Partners, acquired the rotating equipment segment of Universal Plant Services from Jones Industrial Holdings. The rotating segment will continue to operate under the Universal Plant Services brand and remain headquartered in Deer Park, Texas, with current management remaining in place. New State said the business will serve as an anchor investment for a broader industrial aftermarket platform while JIH retains the non-rotating, instrument & electrical, and manufacturing installation segments.

MML Capital Acquires OnPoint Industrial Services from Capstreet and HCI

December 6, 2022

Industrial Services

MML Capital Partners has acquired OnPoint Industrial Services, a Deer Park, Texas-based provider of safety, logistics and planning services for refinery and petrochemical turnarounds, from Capstreet (with minority involvement from HCI Equity Partners). Financial terms were not disclosed; Stellus Capital provided senior debt financing and an equity co-investment to support the transaction. MML said it will invest in technology and expand OnPoint's capabilities to accelerate growth.

Oaktree Acquires Majority Interest in 17Capital

July 19, 2022

Financial Services

Oaktree has completed the acquisition of a majority interest in 17Capital, a London-based specialist provider of non-dilutive capital and NAV finance solutions to private equity managers and institutional investors. The deal creates a strategic partnership intended to expand 17Capital's access to Oaktree's global network while adding complementary private capital solutions to Oaktree's product set.

Oaktree Leads $250M Investment in Priority Power

September 1, 2021

Energy

Funds managed by Oaktree Capital Management, together with other institutional investors, are making a $250 million investment in Priority Power, an independent energy services provider focused on decarbonization and grid solutions. Ara Partners, Priority Power's financial sponsor since 2019, will remain an owner as the capital is used to accelerate deployment of renewable generation, battery storage and other smart energy solutions across North America.

Oaktree Takes Minority Stake in Rand Logistics from American Industrial Partners

February 17, 2021

Transportation

Funds managed by Oaktree Capital Management’s Transportation Infrastructure Investing Group agreed to acquire a significant minority stake in Rand Logistics from American Industrial Partners. The partnership pairs Oaktree’s transportation infrastructure expertise with AIP’s operational approach to support Rand’s growth across the Great Lakes bulk-freight network.

Capital Partners Acquires Majority Stake in Universal Woods

March 15, 2019

Building Products

Capital Partners Private Equity Income Fund III, LP completed a majority-equity investment in Universal Woods on March 15, 2019, partnering with CEO and long-time shareholder Paul Neumann and management. The investment will provide Universal Woods — a Louisville-based manufacturer of hard-surface coated substrates for image sublimation and mezzanine decking — with additional resources to support growth, new product development and hiring; debt financing was provided by PNC.