Read the top headlines for Thursday, December 15, 2022 below:
The Gores Band comes out of Digital Jukebox Company on Coral Tree
Middle market private equity firm Coral Tree Partners has acquired digital jukebox business AMI Entertainment Network, according to a recent press release. Coral Tree, which focuses on media and entertainment, is acquiring the company from its previous owner, private equity firm The Gores Group. In a statement, AMI Entertainment CEO Mike Maas said the support from Coral Tree will support continued growth for the business through organic and inorganic growth initiatives.
Alterna Equity Partners Announces Logistics Investment
Alterna Equity Partners, a middle market private equity firm, announced the acquisition of a family of logistics and transportation companies. Bulk Express consists of Express Transport, Soil Tech Distributors, M3 Transport and Inter City Disposal, it said in a release, noting that it offers a range of long-distance waste transport, collection and loading services. Its acquisition by Alterna will see the business focus on initiatives including reducing landfill inputs, reducing carbon emissions and modernizing the industry, the release said. Alterna also plans to support Bulk Express’ expansion into new markets.
Comvest Acquires Business Flash Global Supply Chain Solutions
Comvest Partners, a middle market private equity firm, has acquired global supply chain service provider Flash Global, a recent press release revealed. The strategic investment was made alongside Flash Global’s leadership team, and president and CEO Sam Mikles will continue to lead the business. In a statement, Comvest senior partner Maneesh Chawla noted the business’s “deep client relationships, global footprint and extensive experience in global trade compliance” made the company and investment attractive to the firm.
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