Aug. 22, 2022: CORE Acquires Fragrance Manufacturer, Aurora Exits Waste Management Business
Plus, Southfield PortCo acquires land-use consulting company, and Atlantic Street expands its orthopedic footprint
Read the top headlines from Monday, August 22, 2022 below:
Aurora Exits VLS Environmental Solutions
Middle-market private equity firm Aurora Capital Partners announced the completed sale of VLS Environmental Solutions in a recent press release. Aurora has exited the waste and cleaning service provider to I Squared Capital, the announcement said, though financial terms of the deal were not made public. Aurora and VLS first partnered in 2017, and eventually facilitated nine acquisitions. “There is significant runway to continue this strong performance across its business lines,” said Aurora partner Matthew Laycock. Aurora first announced its plans to exit VLS to I Squared in July.
CORE Acquires Fragrance Manufacturer
Chicago-based private equity firm CORE Industrial Partners has invested in a manufacturer of fragrances, deodorants and other cosmetics, the firm recently announced. CORE portfolio company Arizona Natural Resources is acquiring Contract Filling, strengthening Arizona Natural Resource’s market presence within North America’s personal care manufacturing space. The investment marks CORE’s fourth add-on acquisition to the Arizona Natural Resource platform, the firm noted, adding that the investment will expand the company’s existing product portfolio.
Related content: Manufacturers’ M&A Outlook Perseveres Through Headwinds
Southfield’s Milrose Consultants Acquires Land-Use Consulting Business
Milrose Consultants, a real estate municipal compliance and consulting company backed by middle-market private equity firm Southfield Capital, has acquired Masterplan, a land-use consulting business, according to a recent press release. The partnership will expand Milrose’s existing presence within the Texas market, the company noted, and marks its seventh acquisition since Southfield first invested in Milrose in 2019.
Atlantic Street’s Aligned Ortho Invests in the Jordan-Young Institute
Aligned Orthopedic Partners, a physician-led orthopedic service provider backed by Atlantic Street Capital, announced its investment in the Jordan-Young Institute to expand its operations. The Jordan-Young Institute offers specialized orthopedic surgeries. Its addition into the Aligned Ortho fold strengthens the combined entity’s presence in the Mid-Atlantic region, the announcement said. According to Atlantic Street managing partner Andy Wilkins, Aligned Ortho has “quadrupled its size in eighteen months.” The private equity firm first invested in Aligned Ortho in 2018.
