NewsDialy
A specialty services company serving commercial and industrial customers has been sold from one private equity owner to another.
CD Energy Services, previously held by Briarwood Partners, has been acquired by ConTeras Industrial Group, a portfolio company of funds managed by Oaktree Capital Management.
TKO Miller, a Milwaukee-based middle market investment bank, advised CD Energy and Briarwood on the transaction.
What changed hands and why the ownership structure matters Private equity firms raise money from institutional investors, buy companies, and eventually sell them to realize a return.
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