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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

Watercooler

GTCR, Hormel, the Riverside Co-CEOs and Others Win M&A Mid-Market Awards
Amid a slow and challenging year for dealmaking, the winners of Mergers & Acquisitions’ 7th Annual M&A Mid-Market Awards outpaced the competition to grow, innovate and lead the middle market

Roundtable

Financial Services Companies Heat Up M&A Market
Speakers from Flexpoint Ford, Genstar Capital, Baird Capital, Madison Capital Funding and Katten Muchin Rosenman discuss the various factors playing a role in M&A activity within the financial services space

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

Private Equity: Praxair Acquires NuCO2 for $1.1B

NuCO2 provides carbonation for fountain beverages to the restaurant and hospitality industries

Praxair Inc. (NYSE: PX) will acquire NuCo2 Inc. from private equity firm Aurora Capital Group for $1.1 billion.

NuCO2 provides beverage carbonation for fountain beverages to the U.S. restaurant and hospitality industries. The company had 2012 sales of $11 billion.

The Stuart, Fla-based company is expanding its product offerings to include nitrogen generators and blending control systems for craft beers on tap.

Praxair, headquartered in Danbury, Conn., makes specialty gasses, pipeline networks and air separation plants.

The move was announced in the midst of a nationwide boom in craft beers. As of October 2012, the sector saw a sales increase of 12 percent in the first half of 2012, according to the Brewers Association, which represents craft brewers.

Aurora is a Los Angeles-based firm that manages more than $2 billion in capital. The firm’s portfolio companies include Ames Taping Tools, DuBois Chemicals and RecoverCare.

 

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