G&APartners expands with Tenn. purchase
G&A Partners said last week it had acquired XMI, a Nashville, Tenn.-based provider of human resources and accounting services. XMI is the ninth acquisition G&A has completed in the past three years.
The acquisition adds to the Houston-based professional employer organization and human resources outsourcing provider’s client base of more than 2,200 organizations and over 55,000 worksite employees and will allow the firm to expand its offerings to include accounting and bookkeeping services.
The majority of XMI’s Nashville leadership team and staff will remain intact.
Mechanical insulation firm closes purchase
Distribution International Inc., a mechanical insulation distributor, announced the acquisition of RB LLC, one of North America’s largest marine specialty insulation distributors and fabricators.
RB operates marine distribution and fabrication facilities in
New Orleans and San Diego.
Founded in 1986, Houston-based Distribution International has more than 90 locations providing products and services across the commercial building, chemicals, energy, power, railcar and marine end markets.
Houston-based environmental firm adds to holdings
Resource Environmental Solutions, a Houston-based environmental services operating company providing ecological restoration and water resource solutions to the public and private sector, has acquired Blueway, an ecological mitigation solution provider based in Watkinsville, Ga.
Blueway has helped pioneer wetland and stream restoration in Georgia and Tennessee, working with landowners, regulators, and permittees to support environmentally responsible infrastructure and develop mitigation sites.
In a separate joint venture, RES and Ecosystem Investment Partners IV are acquiring
Mitigation Resource Group’s 11 mitigation banks in Georgia currently operated by Blueway.
Auto finance firm is acquired by investment team
FIFS Holdings Corp., parent of First Investors Financial Services Group, has been acquired by funds affiliated with Gallatin Point Capital and minority investor Jacobs Asset Management.
Terms of the transaction were not disclosed, but a portion of the proceeds will retire certain indebtedness of FIFS and provide working capital to grow and expand the company’s lending businesses. The executive management team is expected to remain in place.
FIFS is a Houston consumer finance company originating and holding for investment automobile finance receivables and promissory notes originated by franchised automobile dealers or through refinancing transactions with the vehicle owners.