Articles from Stellex Capital Management

Stellex Capital Management (“Stellex” or the “Company”), a middle-market private equity firm, is pleased to announce two additional hires to its business development team. Jennifer Colvin will join the team as a Director based in Washington D.C. and Scott Kingsley will join as a Vice President based in Boston, MA. Stellex has built a robust business development effort with existing team members based in the U.S. industrial heartland. Ms. Colvin and Mr. Kingsley will expand the team’s efforts from a sector and geographic coverage perspective.

Stellex Capital Management (“Stellex”), a private equity firm that invests in middle-market companies in North America and Europe, announced that it has completed the sale of Continental Global Material Handling (“CGMH” or the “Company”) to Precision Pulley & Idler (“PPI”).

J. Skinner Baking (“J. Skinner” or the “Company”), a premier manufacturer of artisan baked goods including danishes, muffins, cinnamon rolls, brownies, and bars announced that it has been acquired by Stellex Capital Management (“Stellex”), a private equity firm that invests in middle market companies in North America and Europe. The financial details of the transaction have not been disclosed.

Stellex Capital Management (“Stellex”), a middle-market private equity firm, announced the final closing of a single-asset continuation vehicle that has acquired interests in Fenix Parts (“Fenix” or the “Company”). The transaction will provide follow-on capital with the aim of driving organic growth initiatives, supporting the continued execution of the Company’s prospective M&A pipeline, and capitalizing on the progress of strategic initiatives. Financial terms of the transaction were not disclosed.

Funds managed by global investment firm Carlyle (NASDAQCG) and private equity firm Stellex Capital Management announced they have completed the sale of Titan Acquisition Holdings, a bi-coastal leader in ship repair services and marine and heavy complex fabrication, to an affiliate of Lone Star Funds. The initial definitive agreement of the sale was announced in February 2023 and the final close took place on June 15, 2023.

Today, RTC Aerospace LLC (“RTC” or the “Company”), a Stellex Capital Management LLC (“Stellex”) portfolio company, announced it earned a spot in the Boeing Premier Bidder Program.

Stellex Capital Management (“Stellex”), a middle market private equity firm, announced today it has opened an office in the U.S. Steel Tower in downtown Pittsburgh, Pennsylvania. Toby Kreidler, Director of Business Development, will oversee the new office, which officially opened today. The Pittsburgh office is the second regional office for Stellex, following the opening of Stellex’s Detroit office in August 2020.

Custom Made Meals (CMM), a leading national provider of fresh, ready-to-cook (RTC) entrees, appetizers, and sides for the meat and deli departments of retail grocery and club stores, announced today that it has appointed Molly Montgomery as CEO, effective today. Ms. Montgomery has served on the CMM Board of Directors since it was acquired by Stellex Capital Management LLC (Stellex) in May of 2021 and will continue to serve on the board in her new role. Stellex is a middle-market private investment firm with strong experience in the food industry. Ms. Montgomery succeeds Dale Easdon, who has led the Company as CEO for the past three years and has worked closely with management to ensure a smooth transition.

Stellex Capital Management (“Stellex”), a middle-market private equity firm, has announced a new platform investment in Peltram Plumbing Holdings, LLC (“P3 or “Company”). Stellex acquired P3 in partnership with the existing management team from an investor group led by Crescendo Capital Partners (“Crescendo”). The terms of the transaction were not disclosed.

Custom Glass Solutions, LLC (“CGS”), a leading glass manufacturer focused on transportation applications, announced today that it has acquired Cameron Glass, Inc. (“CamGlass”). The financial terms of the transaction were not disclosed.

Paragon Metals, LLC (“Paragon” or the “Company”) today announced the completion of a new investment by affiliates of Stellex Capital Management (“Stellex”), a middle market private equity firm. This additional investment by Stellex follows its purchase of Paragon in early 2019, at which time Stellex committed to provide capital to support additional growth. Following the investment, Paragon will have an underleveraged balance sheet and significant liquidity. The financial terms of the transaction were not disclosed.