Term Sheet

The latest on private equity, M&A, deals and movements — from Wall Street to Silicon Valley

Private equity deals

January 29, 2013: 9:45 AM ET

American Industrial Partners has acquired the operating assets of Potomac Supply Corp., a Kinsale, Va.-based forest products company. No financial terms were disclosed for the deal, which was managed by Morgan Joseph TriArtisan. www.potomacsupply.com

Actian Corp., a data management solutions company owned by Garnett & Helfrich Capital, has agreed to acquire Pervasive Software Inc. (Nasdaq: PVSW) for approximately $161.9 million, or $9.20 per share. Actian originally approached Pervasive last August with an $8.50 per share bid. www.actian.com

Audax Group has sponsored a recapitalization of Heckethorn Products Inc. (a.k.a. Rough Country), a Dyersburg, Tenn.-based provider of suspension systems to the off-road SUV and truck market. No pricing terms were disclosed. GE Capital and BMO Capital Markets provided senior financing, while Arrowhead Mezzanine provided junior debt. www.roughcountry.com

Post Capital Partners has sponsored a recapitalization of Invo HealthCare Associates Inc., a Jamison, Penn.–based provider of outsourced clinical services for special needs children operating in 23 states. No financial terms were disclosed. www.postcp.com

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About This Author
Dan Primack
Dan Primack
Senior Editor, Fortune

Dan Primack joined Fortune.com in September 2010 to cover deals and dealmakers, from Wall Street to Sand Hill Road. Previously, Dan was an editor-at-large with Thomson Reuters, where he launched both peHUB.com and the peHUB Wire email service. In a past journalistic life, Dan ran a community paper in Roxbury, Massachusetts. He currently lives just outside of Boston.

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