Morning Hubsters, Craig McGlashan here with the Tuesday Wire. We broke the news this morning that Monogram Capital Partners has acquired Precision Door Tri-State, a provider of services such as garage door replacement, repair and installations. Monogram co-founder and partner Jared Stein tells us that he expects demand for those services to pick up as rates come down and the housing market picks up. We then switch over to retail, a sector that’s been hampered by higher rates eating into consumers’ spending money, where Platinum Equity has agreed to acquire an outdoor and consumer sporting goods company from Gridiron Capital. Finally, with the election campaign taking more twists than an entire season of The Twilight Zone, we look at how dealmaking fared in the runup to the UK election earlier this month and see what lessons we can draw for the outlook Stateside. Opening up We start with a scoop in the world of garage doors, where PE Hub’s Obey Martin Manayiti is the first to report that Monogram Capital Partners has acquired Precision Door Tri-State. Find out more on the deal and Monogram’s plans for the business in an interview with co-founder and partner Jared Stein in the subscriber version of the Wire. Retail play Platinum Equity has justagreed to acquire GSM Outdoors, an outdoor and consumer sporting goods company, from Gridiron Capital. Find out more in the subscriber version of the Wire. Political push The election race has got a little bit more interesting – to say the least – over the last week or so, and we’ll be looking at what the different potential outcomes could mean for private equity dealmaking. Send your thoughts over to me at craig.m@pei.group In the meantime though, it’d be useful to take a look at what’s happening for M&A broadly in the UK, where the new Labour government has been setting out its agenda. Full details in the subscriber version of the Wire. OK that’s a wrap – Rafael Canton will write to you tomorrow. Cheers, Craig Read the full wire commentary on PE Hub ... |