Bryan Matthews

Wynnchurch Capital buys PGHC Holdings.     PGHC Holdings is the parent company of New England restaurant groups Papa Gino's Pizzeria and D'Angelo Grilled Sandwiches.       This tones up the chains' financial assets, enabling PGHC to remodel and refresh their 141 eateries in Massachusetts, New Hampshire, Rhode Island, and Connecticut.  More restaurants are planned throughout the region, and enriched online ordering capabilities will cover all locations.      Corey Wendland of PGHC said: 'We are happy to have reached an agreement that will ensure a long and prosperous future for these iconic New England restaurants.  For some time, we have been pursuing a plan to strengthen our financial footing and secure capital for investment in our restaurants, while also addressing our significant debt load.  We are confident that the agreement with Wynnchurch achieves all those goals.  Wynnchurch's investment will enable us to renew our legacy as a community-focused r

Therma Holdings buys Yearout Mechanical.     Yearout Mechanical is a services provider of engineering, installation, and maintenance for HVAC, plumbing, and piping systems.  In-house fabrication and design-build capacity mark Yearout as a leader in its regional market.     Joe Parisi of Therma said: 'Yearout Mechanical is an established company with a great reputation with customers and general contractors in the New Mexico market and is an excellent fit with Therma’s growth strategy.'      Brooks Corcoran of Therma added: 'Therma is one of the largest design-build mechanical service providers in the country and a leading provider of mission-critical services in the Bay Area. The acquisition of Yearout Mechanical expands our geographic footprint in an attractive and growing market.'     Kevin Yearout said: 'We are excited to join the Therma team and look forward to delivering the same high-quality service to our valued customers.'     Therma Hold

May River Capital buys Marion Process Solutions. Marion makes industrial mixers, blenders, and microwave vacuum dryers for the food, superfood , mineral, plastic, chemical, and biomass sectors. Barry Boyer and Jim Hoke owned and grew the firm for decades ahead of agreeing to May River aligning Marion for enhanced growth. Marion continues operation under its current name and Lee Eilers continues to head the leadership team. Chip Grace of May River Capital said: 'May River believes there's a terrific opportunity in front of Marion, and we’re excited to partner with management and help the company through its next phase of growth. The former owners and the senior leadership team have built a strong foundation at Marion through customer service and innovative, market-leading products. We aim to build on this foundation by providing financial and strategic resources to the management team and employees to help speed up the growth profile of the company.'

Windstream sells EarthLink to Trive Capital for $330 million.     Windstream merged with EarthLink in a $1.1 billion deal in February 2017.      The intent was to mesh complementary networks and increase scale.  Windstream pushed hard to grow geographically in the middle of a cultural shift away from landlines.      Tony Thomas of Windstream said: 'This transaction enables us to divest a non-core segment and focus on our two largest business units.  Also, it improves our credit profile and metrics in 2019 and beyond.'    The legacy EarthLink business offers internet access, online back-up, managed web design, web hosting, and email services to 600,000 customers.       Conner Searcy of Trive Capital said: 'We are excited to partner with and support the EarthLink management team in continuing to offer great products and services available to millions of households in the United States.  We intend to offer extra resources and access to deep industry relations