Greenwich firm to invest $2.8B in buyouts
The Greenwich private equity firm Littlejohn completed its sixth fund with more than $2.8 billion in commitments, giving it an extra $840 million in capital for acquisitions above that of its previous fund raised in 2014.
Under CEO Michael Klein, Littlejohn takes equity stakes in businesses with annual revenue of up to $800 million, with investments this year having included the Winston-Salem, N.C.- based Cook & Boardman Group which sells doors, frames and locks; and Boston-based Motion Recruitment Partners.
In October, Littlejohn’s former portfolio company World and Main in Cranbury, N.J. was sold to Nova Capital Management, with World and Main brands including Comfort Zone heaters and fans, Bright-Way electrical supplies and AquaPlumb faucets. Nova Capital is merging World and Main with Shur-line and Bulldog.
Alex.Soule@scni.com; 203-842-2545; @casoulman