RGM Group Raises $21 Million


Digital advertising firm RGM Group on Wednesday announced closing $21 million in funding from Riordan, Lewis & Haden Equity Partners. The Los Angeles-based company plans to use the new investment capital to ramp up its national sales force and technology development efforts.

In connection with the funding, RGM named former FastClick CEO Kurt Johnson as its new chief executive, succeeding founder Kamran Razavi. Razavi will assume the newly created role of chief strategy officer at RGM. Continue reading

Platte River Ventures Closes Acquisition of Sierra Alloys Company


The Denver-based private equity firm establishes a platform in specialty metals through the acquisition of premium alloys manufacturer, Sierra Alloys.

DENVER, Nov. 15, 2011 /PRNewswire/ — Platte River Ventures (“PRV”) announced today that it has acquired all of the outstanding stock of Sierra Alloys Company (“Sierra Alloys” or the “Company”).  Headquartered in Irwindale, California, Sierra Alloys is a provider of specialty forged titanium and high-performance steel products primarily to the aerospace and defense industries.  Since the Company’s inception in 1973, Sierra Alloys has developed proprietary processes to heat, forge, roll, cut, turn and grind titanium and high-performance steel into flat bar, round bar, plate products and forged block. Continue reading

Industrial Opportunity Partners Invests in Edelbrock


Torrance, CA – On behalf of the employees, management team and ownership of Edelbrock LLC and its affiliates, Edelbrock is pleased to announce that Industrial Opportunity Partners (“IOP”), a Chicago-based private equity firm, has made an investment in Edelbrock.

“This new partnership comes at a time in the automotive industry that puts Edelbrock in a prime position to capitalize on the ever-strengthening economy”, stated Edelbrock Chairman, Vic Edelbrock. “We’ve weathered the economic storm and constraints of the fragile banking system over the past eighteen months, never losing sight of our commitment to innovation and quality for our customers. The investment from IOP will allow us to continue to expand this focus on developing new and exciting products, such as our supercharger line, across a wide range of applications.” Continue reading