Edgewater Cap Cuts Turbocharged Deal

Woodmere private equity firm Edgewater Capital Partners has acquired Turbonetics Inc., a unit of Kelly Aerospace, based in Simi Valley, Calif. Turbonetics makes aftermarket turbochargers, heat exchangers, controls and related products for high-performance cars. Terms were not disclosed. Cleveland law firm Kahn Kleinman LPA was counsel for Edgewater in the transaction. Crain’s Cleveland Business – […]

Read More

Edgewater Tracks Down Michigan Sale

Chagrin Falls private equity firm Edgewater Capital Partners has acquired Tractech, Inc., a Warren, Mich.-based designer and manufacturer of traction-enhanced differentials for trucks, military vehicles and construction equipment. Edgewater and a group of other investors acquired Tractech, which has more than $30 million in annual revenue and more than 100 employees, from its parent company, […]

Read More

Three Firms Manage Rare LBO Deals

Despite the toughest market for leveraged buyouts in years, three local equity investment firms have bucked the trend and have closed a handful of deals within the last few weeks. The Riverside Co. and Blue Point Capital Partners in Cleveland, and Edgewater Capital Partners in Chagrin Falls, all put the finishing touches on buyouts recently, […]

Read More