PE Today: GHK completes acquisition of auto parts distributor

Read the headlines from Monday, May 9, 2022 below:

GHK completes acquisition of automotive parts distributor

Private equity firm GHK Capital Partnerswhich focuses on the middle market, announced today (Monday May 9) that it has finalized its acquisition distributor of automotive fasteners Auveco. The Kentucky-based company supplies automotive parts to the auto body hardware aftermarket across North America. With GHK’s support, Auveco will continue to grow by expanding its product portfolio and supplier base, and strengthening its business strategy. Senior executives will retain their positions with the company, the press release said.

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Plexus Capital raises $204 million for its first private equity fund

investment firm Plexus capital possesses announcement the closing of its first private equity fund, Plexus Equity Fund I, securing $204 million in commitments. Institutional investors, family offices and high net worth individuals all contributed to the fund, the North Carolina-based company said, noting that it will remain focused on the lower middle market. Plexus did not specify which sectors it will focus on with its new fund.

White Oak Supports Salt Creek Acquisition of Omni Recycling

White Oak Global Advisors said in a Press release on Monday that it provided a senior credit facility to Omni Recycling $21.3 million in support of Salt Creek’s acquisition of the company. In a report, salt stream, a California-based private equity firm targeting the lower-middle market, said Omni is “an exciting opportunity for us to enter the recycling space,” according to its chief executive, Bobby Sheth. Similarly, White Oak’s Director of Origins Albert Brandano noted that the alternative debt manager was “excited” to support Omni’s next stage of growth through its partnership with Salt Creek.

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