Acquisitions in Michigan in 2018

Covington Partners LLC has acquired Grand Traverse Plastics Corp., a Williamsburg, Michigan-based designer and manufacturer of engineered plastic assemblies serving automotive under-the-hood and material-handling markets. Angle Advisors served as exclusive advisor to Grand Traverse Plastics on the transaction, which positions Covington to invest in specialized injection-molding and value-added assembly capabilities for automotive and industrial end markets.

Safe Fleet Holdings, LLC, a portfolio company of Oak Hill Capital Partners, has acquired Roll-Rite Holdings Group LLC, a Gladwin, Michigan-based manufacturer of automated and semi-automated tarping systems. Roll-Rite was a portfolio company of Capital Partners and Argosy Private Equity; the deal expands Safe Fleet's product capabilities and presence in construction, agriculture and recycling end-markets.

Boyne Capital has acquired a majority interest in Infusion Associates Management, Inc. (IAM), a newly formed management services organization that will oversee Infusion Associates' ambulatory infusion clinics. The partnership keeps Dr. Khan Nedd in a significant ownership and clinical leadership role and is intended to support capability expansion and geographic growth across Michigan and the Midwest.

Construction Supply Group (CSG), a portfolio company of The Sterling Group, has acquired MASONPRO, a Northville, Michigan-based distributor of specialty masonry materials. The transaction is an add-on acquisition that expands CSG's footprint and product offering in the masonry and concrete accessories market.

Plastivaloire Group has acquired TransNav Corporation, a vertically integrated manufacturer of engineered plastic components and assemblies based in New Baltimore, Michigan. The deal expands Plastivaloire's footprint into the United States and adds three manufacturing sites (Michigan, Kentucky and Puebla, Mexico), strengthening its automotive, retail and industrial product capabilities and taking proforma revenue to nearly €750 million.

CenterOak Partners, a Dallas-based private equity firm, completed a majority recapitalization of GNAP, a Grand Rapids, Michigan-based specialty distributor of industrial abrasive products, equipment and specialty ceramics. CEO Michael Currie and the existing management team will remain in place as CenterOak partners with the company to support geographic expansion and growth of its product suite; terms were not disclosed.

Union Partners I LLC acquired the assets of Xcel Steel Pickling, Inc., a Dearborn, Michigan-based steel pickling and coil processing operation. The business has been integrated into Union Partners-owned Maksteel and will operate as Maksteel Processing, strengthening the platform's steel-processing capabilities and rail-served footprint in automotive and industrial markets.

Madison Industries has acquired Specified Air Solutions, a multi-branded commercial and industrial HVAC equipment manufacturer headquartered in Grand Rapids, Michigan. The Sterling Group, which launched and built the Specified Air Solutions platform, sold the company to Madison to complement Madison's suite of HVAC and indoor air quality solutions; financial terms were not disclosed.

Standex International Corporation has acquired Tenibac-Graphion, Inc., a Clinton Township, Michigan-based provider of chemical and laser mold/texturing and engraving services. The acquisition adds Tenibac-Graphion’s mold and tool texturizing capabilities and ~160 employees to Standex’s engraving and mold-services portfolio, expanding the company’s global capabilities and service offering to automotive, packaging, medical and consumer-product customers.

ADL Home Care, a private-duty home-care provider serving Southwest Michigan since 1995, was sold by founders Gerry and Marian Quill to Home Sweet Home In-Home Care. Calder Capital served as exclusive M&A advisor on the transaction. The new owner will continue providing local in‑home care services to ADL's clients in the Battle Creek / Kalamazoo area.

Sage Capital LLC has invested in Check Corporation, a Troy, Michigan-based manufacturer of flexible heating elements, control systems, and related components. The transaction was done in partnership with Check's management (no financial terms disclosed) and was advised by Angle Advisors; Check operates its headquarters and manufacturing facility in Troy with roughly 60 employees.

The Mendota Group has acquired Debron Industrial Electronics, a Troy, Michigan-based turnkey electronics manufacturer that serves the industrial, automotive, aerospace and energy end markets. Angle Advisors acted as exclusive advisor to Debron; founder and majority shareholder Ron Bernot and other shareholders sold the business while the existing management team will remain to run operations under Mendota's ownership.

New Orleans-based Imperial Trading Company has purchased the stock of GRAD Inc., the parent of S. Abraham & Sons (SAS Distributing), expanding Imperial's footprint into the Midwest. The combined company will operate across 20 states with about 1,000 employees and serve more than 5,000 retailers, strengthening Imperial's distribution, marketing and technology capabilities for convenience stores.

Pinnacle Dermatology has entered the Michigan market by acquiring the dermatology practice of Dr. Audrey Bruell in Livonia, Michigan. The transaction brings Dr. Bruell and four additional clinical staff into Pinnacle’s network, expanding the platform to 36 providers and 22 locations and supporting Pinnacle’s geographic growth strategy using its shared-services model.

The Firefly Group, a lower‑middle market investment firm, has acquired a majority ownership interest in EOS Worldwide. Amherst Partners served as exclusive financial advisor to EOS; EOS leadership including CEO Mike Paton, President Kelly Knight, and founders Gino Wickman and Don Tinney retain significant ownership and will remain active. New Canaan Funding provided financing for the transaction.

Tramec Sloan LLC, a subsidiary of Tramec LLC, has acquired Fleet Engineers, a Muskegon, Michigan-based manufacturer and distributor of truck and trailer product solutions. The acquisition will operate Fleet Engineers as an autonomous division in Muskegon and expands Tramec Sloan’s product portfolio and manufacturing footprint in the heavy-duty truck and trailer market.

Union Partners I LLC has acquired Contractors Steel Company, a Livonia, Michigan-based carbon steel service center with multiple Midwest locations. The acquisition brings Contractors Steel into Union Partners' family of metals and logistics companies to expand capabilities and continue the company's legacy under new leadership.

Angstrom Automotive Group LLC has acquired Engineering Tube Specialties, Inc. (ETS), a Tier 1 supplier of steel tubular assemblies based in Ortonville, Michigan. The transaction, advised by Angle Advisors, transfers ownership from ETS President and sole shareholder Bill Brothers to Angstrom to expand Angstrom’s propulsion and tubular-component capabilities within the automotive supply chain.

Tooling Technology Group (a GenNx360 portfolio company) has acquired CTG Holdings, which operates Century Tool & Die and Bel-Kur. CTG was majority owned by First Capital Partners; the add-on bolsters TTG's Class A exterior tooling, secondary tooling and automation capabilities and expands machining capacity and customer access in automotive, heavy truck, aerospace and marine end markets.

Narrow Gauge Capital completed a majority acquisition of Class Appraisal, LLC, a Troy, Michigan-based provider of residential real estate valuation and appraisal management services. ICG Strategic Equity and Aberdeen Standard Investments co-invested alongside Narrow Gauge to support Class Appraisal’s continued investment in its service offering and growth.

Blue Point Capital Partners has acquired FM Sylvan, Inc., a Pontiac, Michigan-based industrial contracting firm that provides pipe fabrication and installation, millwright and rigging, boiler installation and repair, and maintenance services. Blue Point will partner with FM Sylvan management to support growth through strategic planning, capability expansion, metrics/data initiatives and an add-on acquisition strategy.

Chicago-based private equity firm Wind Point Partners has acquired Ox Engineered Products, the specialty manufacturer of laminated fibrous board sheathing and polyiso foam sheathing products formerly part of Ox Industries. Wind Point will partner with industry executive Dave Ulmer to grow Ox organically and via complementary add-on acquisitions, with financing provided by funds managed by PennantPark Investment Advisers and Eaglehill Advisors.

Technosoft Corp., a Southfield, Michigan-based IT digital transformation and staffing provider, has acquired Rumba Solutions, LLC, an IT services and staffing firm based in Farmington Hills, Michigan. The acquisition strengthens Technosoft’s ability to deliver in-demand IT skills (including Salesforce and data science) and brings Rumba’s employees and customer relationships into Technosoft’s enterprise delivery organization.

America's Back Office (ABO), a Sterling Heights, Michigan-based professional employer organization, has acquired Employees Only, Inc., an HR outsourcing and PEO firm based in Rochester, Michigan. Brown Gibbons Lang & Company served as exclusive financial advisor to Employees Only; terms were not disclosed — the deal creates one of the largest PEOs based in Michigan through an in-market consolidation of capabilities and client bases.

Webb Chemical Service Corporation has acquired Trace Analytical Laboratories, Inc., an environmental testing lab based in Muskegon, Michigan, from co-owners Bill Schroeder and Bruce Pelletier. The acquisition gives Webb Chemical in-house laboratory capabilities to support its chemical distribution and related services; Calder Capital served as exclusive M&A advisor to Trace Analytical Laboratories.

Control Devices, LLC (Fenton, Missouri) acquired the assets of Advanced Fuel Components, Inc. (Marshall, Michigan) in an add-on transaction — Control Devices' ninth add-on. The acquisition adds AFC's engineered solenoid valves and filters to Control Devices' product portfolio to expand capabilities and accelerate product introductions to existing customers.

Merkle, a Dentsu Aegis Network company, has acquired HelloWorld, a Detroit-based digital marketing and loyalty solutions provider with approximately 370 employees. The acquisition adds HelloWorld's promotional and loyalty technology and services to Merkle's people-based marketing capabilities and will operate as "HelloWorld, a Merkle Company."