ACG New York Women of Leadership - Entrepreneur Series
Barbara Bradley Baekgaard, founder of Vera Bradley (Nasdaq: VRA), is the latest in a series of entrepreneurs highlighted at ACG New York Women of Leadership events. Photo credit: Robert Blumenfeld


GTCR, Hormel, the Riverside Co-CEOs and Others Win M&A Mid-Market Awards
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Expert's Corner

Pursuing Pharma Manufacturing
The fragmented pharmaceutical manufacturing industry provides plenty of opportunities for private equity investors, says JLL Partners founder Paul Levy

Today's Transactions
Altus Capital Partners Purchases Gulf Coast Machine

The target provides forging services to the energy and industrial markets

Private equity firm Altus Capital Partners has acquired Gulf Coast Machine and Supply Co. for an undisclosed amount.

Gulf Coast, headquartered in Beaumont, Texas, provides forging services to the energy and industrial markets.

Prospect Capital Corp. (Nasdaq: PSEC) provided a $42 million senior-secured loan for the deal.

Gulf Coast was owned by private equity firm Industrial Opportunity Partners. The Evanston, Ill.-based firm focuses on middle-market manufacturing and distribution businesses with sales between $30 million and $350 million. Industrial Opportunity has $460 million in committed capital.

Wilton, Conn.-based Altus’ portfolio companies include Models & Tools Inc. and International Imaging Materials Inc. This is Altus' third acquisition from Altus capital Partners II LP, which closed in October 2011 with $200 million in committed capital. 

Harris Williams & Co. advised Gulf Coast on the deal.


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