Acquisitions in South Carolina in 2019

Warren Equity-backed Superior Industrial Maintenance Company (SIMCO) has acquired Maintenance Insulation Company (MICO), a Lancaster, South Carolina provider of corrosion protection and specialty industrial services. The acquisition expands SIMCO's service offering and regional footprint in the Mid-Atlantic and Southeast and is SIMCO's second add-on since Warren Equity Partners invested in the platform.

InfraServ US, through its subsidiary Gateway Bobcat, completed the acquisition of Acme Operations, a Greenville, South Carolina–based Bobcat dealership group. The deal expands Gateway Bobcat’s footprint into the Southeastern United States, bringing the combined company to 17 locations across eight states; terms were not disclosed.

TurnPoint Services Group has acquired Corley Plumbing Air Electric, a Greenville, South Carolina provider of residential and commercial plumbing, HVAC and electrical services. The acquisition expands TurnPoint's footprint into the South Carolina Upstate and adds a local platform for growth in the Carolinas; terms were not disclosed.

Pace Analytical Services, LLC acquired Shealy Environmental Services, Inc., a full-service environmental testing laboratory based in West Columbia, South Carolina. The acquisition expands Pace’s laboratory network and PFAS testing and federal program capabilities in the Southeast U.S.; Shealy’s management will remain on site to lead the location.

Gen Cap America, a Nashville-based private equity firm, has partnered with Griffin Gear management to acquire Griffin Gear, Inc., a Roebuck, South Carolina-based manufacturer of replacement gearing and provider of gearbox rebuild and field services. Terms were not disclosed; the deal is positioned as a partnership with existing management to support continued operations and growth under CEO Randy Stewart.

Eddy Packing Co., Inc., a protein-processing platform backed by Insight Equity Holdings LLC, has acquired a majority of the assets of Carolina Pride Foods, LLC. The deal adds Carolina Pride’s regional branded and private-label meat portfolio and processing capacity to Eddy’s operations, expanding Eddy’s ability to serve retail and foodservice customers in the Southeast.

Enhanced Healthcare Partners (EHP), together with Bourne Partners Strategic Capital (BPSC), announced the acquisition of Pharmaceutical Associates, Inc. (PAI), a U.S. manufacturer of generic liquid and unit-dose pharmaceuticals. The investment will provide growth capital to expand PAI's manufacturing capacity, product lines and market footprint while leveraging BPSC's pharmaceutical network and EHP's healthcare investment experience.

Lion Equity Partners has acquired the Riegel consumer products division (Riegel Linen, LLC) from Mount Vernon Mills in a divestiture executed by Bravaldo Capital Advisors. Riegel, headquartered in Aiken, South Carolina, is an importer, manufacturer and supplier of tablecloths, napkins, bedding and other linens for hospitality, retail and healthcare customers; Lion Equity plans to position the business for growth and potential add-on acquisitions.

Boston-based private equity firm WestView Capital Partners completed a growth recapitalization investment in Receivable Solutions, LLC (RSi), a Columbia, South Carolina–headquartered provider of revenue cycle management (RCM) services to hospitals and health systems. The transaction will support RSi’s continued growth and scale its outsourced RCM capabilities while founders Paul Reardon and Donnie Durant remain involved and will sit on the company’s board alongside WestView.

Kinderhook Industries has acquired Capital Waste Services, a Columbia, South Carolina-based regional solid waste hauling company, from Hawk Capital Partners. The acquisition—Kinderhook's ninth environmental services platform—will support growth through investments in people, equipment and systems while maintaining existing management and municipal contracts; financial terms were not disclosed.

Surgent, a Spire Capital portfolio company, has acquired Pharmaceutical Education Consultants, Inc. (PharmCon), the operator of FreeCE.com, expanding Surgent into the healthcare professional continuing education market. The add-on acquisition will let Surgent leverage its technology and shared services to enhance PharmCon's webinar and on-demand CE offerings and pursue new healthcare education opportunities.

Charkit Chemical Company, a subsidiary of LBB Specialties LLC, acquired Custom Ingredients and CA Specialities, adding custom blending and specialty ingredient distribution capabilities to the LBB/Charkit portfolio. Founder Cathy Ayer Clark will remain as President of the acquired businesses, reporting to Jay S. Lang of Charkit as the companies integrate to support expanded market access and growth.

Industrial Opportunity Partners has completed the sale of portfolio company Trantech Radiator Products, Inc. to Main Street Capital. Trantech, a designer and manufacturer of radiators, coolers and cooling systems for transformers based in Edgefield, South Carolina, was sold as an IOP portfolio divestiture; terms were not disclosed.

Carousel Capital partnered with Palmetto Infusion Services management to recapitalize Palmetto, a leading operator of ambulatory infusion centers. The recapitalization will provide growth capital to expand Palmetto's footprint across the Southeast and support continued delivery of specialty infusion and in-home administration services.

Eye Health America (a PE-backed eye care platform established by LLR Partners) has acquired Carolinas Centers for Sight, an ophthalmology practice based in Florence, South Carolina, including its main campus and four satellite offices. The deal expands Eye Health America's footprint and ambulatory surgery capabilities in the Pee Dee region of the Southeast United States.

Sunshine Fitness Growth Holdings, a Planet Fitness franchisee backed by TSG Consumer Partners, acquired Anchor Fitness LLC’s 13 Planet Fitness club locations across South Carolina and Georgia. MFA Companies acted as exclusive financial advisor to Anchor Fitness; terms were not disclosed. The acquisition expands Sunshine Fitness’s footprint to roughly 80 clubs across the Southeast U.S.

Center Rock Capital Partners has acquired The Merit Distribution Group, a national distributor of paint sundries and flooring products headquartered in Spartanburg, South Carolina, from Centre Lane Partners. Merit operates 10 distribution centers and 23 branch locations, distributing over 30,000 SKUs to more than 11,000 customers; Center Rock plans to grow the business organically and via acquisitions as a platform investment from its Fund I.

NewBold Corporation, a Stonewood Capital portfolio company, has acquired National Service Center (NSC) from Illinois Tool Works. NSC, based in Greenville, South Carolina, provides nationwide point-of-sale field repair, managed services and professional services to multi-unit retail and restaurant operators. The transaction expands NewBold's service capabilities and national footprint in POS and in-store technology for multi-unit operators.

Ardurra Group, a portfolio company of RTC Partners, has acquired Design South Professionals (DSPI), an Anderson, South Carolina-based engineering consulting firm focused on water, wastewater, stormwater and architectural services. DSPI will continue to operate from its Anderson office and the acquisition expands Ardurra's water/wastewater capabilities and geographic footprint in the Southeast.

Clearwell Group, through its portfolio company Iron Container, has acquired Nu-Life Environmental, an Easley, South Carolina-based manufacturer of waste-management containers, equipment, and parts. The deal is Iron Container's second add-on under Clearwell and expands product offerings, customers, and geographic coverage across the Southeast; Sterling National Bank provided debt financing for the transaction.

One Rock Capital Partners (through an affiliate) has acquired Process Solutions from Newell Brands in a carve-out of the specialty manufacturing business. Headquartered in Greenville, South Carolina, Process Solutions makes custom plastic, nylon, monofilament and zinc products serving healthcare, consumer and industrial end markets and employs roughly 1,700–1,800 people across 19 facilities.

Henry Schein, Inc. has completed the acquisition of North American Rescue (NAR) from equity holders led by Blue Wolf Capital Partners. NAR, a Greer, South Carolina-based maker of casualty care and emergency medical products, will be integrated into Henry Schein Medical while NAR founder Bob Castellani remains CEO.

Sentinel Capital Partners has acquired Mobile Communications America (MCA) from WJ Partners. MCA, headquartered in Spartanburg, South Carolina, is a leading provider of mission-critical communications solutions and services with more than 500 employees and 41 service locations across seven Southeastern states; Sentinel intends to support continued acquisitive and organic growth.

Artisan Design Group (ADG), a portfolio company of The Sterling Group, has acquired Builders Wholesale Flooring, a leading provider of flooring products and installation services in the Carolinas. The transaction is an add-on to ADG’s platform as it continues expanding its regional footprint and service capabilities across homebuilder markets.

Hospitality Staffing Solutions (HSS) has acquired FoodStaff, a Charleston-based provider of food and beverage personnel that will operate as a wholly owned subsidiary with its brand retained. The acquisition expands HSS's service capabilities in food & beverage staffing across its national branch network and aims to deepen support for clients in hospitality, education, corporate dining and events.

Lindsay Goldberg, a New York‑based private investment firm, has acquired Affordable Suites of America, a Myrtle Beach–based owner, operator and franchisor of extended‑stay hotels. The portfolio includes 20 properties across Georgia, Indiana, North Carolina, South Carolina and Virginia; Lindsay Goldberg said it will grow the business through strategic development and acquisitions under new CEO Gary DeLapp.

NBG Home, the Austin-based home décor platform owned by Sycamore Partners, has acquired Quoizel, a decorative lighting designer and manufacturer based in Charleston, South Carolina. The deal keeps Quoizel's headquarters and leadership in place and is an add-on acquisition to NBG Home's platform to expand product, brand diversity and distribution.

Sycamore Partners completed its acquisition of Pure Fishing from Newell Brands on Jan. 7, 2019. The PE firm said it will support Pure Fishing’s portfolio of global consumer brands and named Harlan Kent as CEO to help accelerate growth following the carve-out from Newell.