Nov. 3, 2022: Quad-C Exits IT Staffing Business
Plus, Aurora acquires food safety company, and HVM expands its PE-focused manufacturing consultancy operations
Read the top headlines for Thursday, November 3, 2022 below:
Aurora Acquires Food Safety Business Universal Pure
Aurora Capital Partners, a middle-market private equity firm, announced its acquisition of high-pressure processing and foods safety solutions provider Universal Pure Holdings. Universal Pure services food, beverage and pet food manufacturers across North America. In a statement, Aurora partner Randy Moser said the firm sees “significant opportunity” for the business to build on its existing growth trajectory, with plans for both organic growth and strategic acquisitions. The investment marks Aurora’s eighth investment from its Aurora Equity Partners VI fund.
Related content: Unpacking the Performance of Branded Food Cos.
HVM Expands PE Manufacturing Consultancy with New Office
High Value Manufacturing, a manufacturing consulting firm servicing private equity firms and investment banks with manufacturing companies in their portfolios, has announced the opening of a new location. In a press release sent to Middle Market Growth, HVM announced its newest office in Auburn, AL. The location marks the company’s second office in addition to its headquarters in Nashville, and expands its service area across Alabama, Georgia and Florida. In its announcement, HVM pointed to the onshoring and reshoring of manufacturing within the U.S. driving demand for consulting services including operational assessments, performance improvement planning, and labor resources
Quad-C Exits IT Staffing Business S.i. Systems
Middle-market private equity firm Quad-C Management announced it has completed is exit of S.i. Systems, an IT staffing company based in Canada. Four years since it first invested in the business, Quad-C sold the company to Cornell Capital and TorQuest Partners. Terms of the transaction were not revealed. In a statement, Quad-C partner Jack Walker pointed to a successful execution of its organic growth plan for the company, as well as five strategic acquisitions the business made during its time as part of the Quad-C portfolio.
