Platinum Equity to acquire door distributor; Halifax Group bets on home care; 7 deals target road maintenance

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Platinum Equity to acquire door distributor; Halifax Group bets on home care; 7 deals target road maintenance

Good morning dealmakers, thank goodness it’s Friday.

It’s Obey Martin Manayiti here with the newsletter.

We have some rain in the Northeast this weekend, and the wet weather wreaks havoc on the flow of traffic on the road. Today, we are highlighting seven PE backed deals focusing on fixing roads that have been pummeled by wear and tear over the years.

We also have a few deals announced this morning.

Technical Safety Services, a portfolio company of Levine Leichtman Capital Partners, has acquired Controlled Environment Management, a provider of controlled environment testing, validation, certification, and calibration services in pharmaceutical, biotechnology, and healthcare settings.

Also, The Halifax Group has agreed to acquire the Worldwide Home Care division of Sodexo, including home care subsidiaries in the US, UK, Ireland, France, Denmark, Norway, Sweden and Brazil.

But we will start with Platinum Equity agreeing to acquire a majority interest in The Cook & Boardman Group, a specialty distributor of commercial door and security integration,from Littlejohn & Co.

Upgraded security

Beverly Hills-based Platinum Equity is acquiring a majority stake in the commercial door specialty distributor The Cook & Boardman Group from Littlejohn & Co., for an undisclosed amount.

Littlejohn is retaining a minority stake in C&B.

Subscribers to the premium version of the Wire can learn more on this deal.

Testing, validation and certification

Technical Safety Services (TSS), backed by Levine Leichtman Capital Partners (LLCP), has acquired Controlled Environment Management (CEM).

CEM provides controlled environment testing, validation, certification, and calibration services required in pharmaceutical, biotechnology, and healthcare settings. It is based in Gilbert, Arizona.

Upgrade to the premium version of the Wire to learn more about LLCP’s strategies on scaling this investment.

Homecare

The Halifax Group has agreed to acquire the Worldwide Home Care division of Sodexo, including their home care subsidiaries in the US, UK, Ireland, France, Denmark, Norway, Sweden and Brazil.

The Worldwide Home Care division, based in Irvine, California, provides in-home care services. It operates as a franchisor in the US in the non-medical personal care sector.

Paving the way

Private equity firms are investing in Intelligent Transportation Systems (ITS) and other engineering and consulting services aimed at improving roads and traffic in North America.

Wear and tear has left over 40 percent of America’s road network in poor or mediocre condition, according to the report card for America’s infrastructure.

The Infrastructure Investment and Jobs Act is committing billions of dollars towards revamping road infrastructure.

PE firms are playing an important role, cranking out deals that are targeting different aspects of road infrastructure, working with municipalities, state governments and other clients.

Upgrade to the premium version of the Wire to read the seven deals announced over the last six months.

That’s it for this week.

MK Flynn will be back with the newsletter on Monday.

Have a nice weekend,

Obey

Read the full Wire commentary on PE Hub ...

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