After sifting through more than 70 deals, Arbor Permanent Owners has landed on its first acquisition.
Street Talk can reveal the private equity upstart, which ruled off its inaugural capital raise in mid-November, has signed a deal to acquire the 40-year-old family owned and operated manufacturer and distributor of materials handling products, East West Engineering. It is understood to have paid $25 million to $30 million.
Loading...
Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com