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Monday, December 8, 2014

Connecticut PE firm buys Houston energy maintenance company

Greenwich, Connecticut-based Littlejohn & Co. LLC, a private equity firm that focuses on midmarket turnarounds, announced plans to acquire Houston-based PSC Industrial Holdings Corp. from New York-based private equity firm Lindsay Goldberg LLC. Lindsay Goldberg recently sold its the common stock units of Houston's PetroLogistics and its general partner PetroLogistics GP LLC for $12 per share in cash when PetroLogistics was acquired by a Koch Industries subsidiary in July.


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