Park Avenue Starts
Engines On Dealership Rollup
May 28, 2007 – Last summer, buyout firm Park Avenue
Equity Partners assembled a platform to buy up high-end automotive
dealerships in metropolitan centers on the East Coast. Ten months
later, on May 1, Condor Automotive Group closed its first deal, acquiring
Pennmark Automotive Group, which owns three Mercedes-Benz dealerships
in the Philadelphia-Wilmington, Del., metro area. ...read
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Pittsburgh
firm becomes a big wheel in
burgeoning tire recycling industry
February 19, 2007 - For decades, millions of waste
tires were piled at makeshift dumps, here they became a breeding
ground for mosquitoes and rodents and temptations for arsonists.
But in recent years, waste tires have undergone transformation from
trash to treasure in a burgeoning industry that collects, processes
and sells tire rubber. Last year, 300 million tires were discarded
about one per American and 261 million of those were recycled. ...read
more
Strengthening
of Aggregates and Related Businesses in the US: Acquisition of
Meyer Material Company in Illinois
June 26, 2006 - Aggregate Industries, a wholly owned
subsidiary of Holcim Ltd, has agreed to acquire 100 percent of Meyer
Material Company (Meyer) for USD 231 million from U.S. Equity Partners,
L.P. and Park Avenue Equity Partners, L.P. Completion of the acquisition
is anticipated to occur in July 2006 subject to regulatory approval. ...read
more
Hampshire Equity Buys Broom-Maker In Secondary Deal
New York, March 21, 2006 - Hampshire Equity Partners
has bought Impact Products LLC, which has supplied brooms, mops,
trash bins and other products to the janitorial industry since 1963,
for an undisclosed amount from Park Avenue Equity Partners. Hampshire
Equity provided between $7 million and $20 million in equity in the
transaction, as is typical for the firm, in a deal valued at less
than $100 million, said Michael McGovern, a principal at the firm.
Current management will maintain a minority stake in the company. ...read
more
Park Avenue Equity Partners, L.P. Announces the Acquisition of Meyer Material Company
New York, April 8, 2005 – Park Avenue Equity Partners is pleased to announce that it has partnered with management and other investors in its acquisition of Meyer Material Company. Meyer Material, headquartered in McHenry, IL, is primarily engaged in the manufacturing and delivery of ready-mix concrete and the mining and sale of associated aggregate materials in the suburban Chicago, IL and Milwaukee, WI markets. Meyer Material maintains market-leading positions in all areas in which it operates. Meyer’s sand and gravel mining operations supply a majority of the Company’s ready-mix operations’ raw material needs. ...read more
Park Avenue Equity Partners Announces its Control Investment in Liberty Tire Services, LLC
New York, September 1st, 2004 – Park Avenue Equity Partners, a New York based private equity fund, is pleased to announce the acquisition of a controlling interest in Liberty Tire Services, LLC, headquartered in Pittsburgh, PA. Park Avenue Equity, the sole equity investor, has made the investment to enable Liberty Tire to continue its strategy of expansion through acquisition. Liberty Tire owns and operates used tire collection, processing and disposal operations. One of the largest used tire processors in the U.S., the Company currently has operations in the Midwest and the Southeast and is looking to expand and consolidate nationwide. ...read more |
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