Chris Witkowsky

HEPACO bought the company from Jerry McCandless, Kendrick McCandless and Jennifer Lanham, who will roll a portion of the proceeds into the company and hold a minority position. 

The deal is expected to close in the first quarter. 

KKR is not turning activist and a Blackstone fund gets a fee holiday.

Fund VII completed two platform investments to date -- IRI, which provides big data and predictive analysis for consumer, retail and media companies; and Simple Mills, a "better-for-you" foods brand.

Net proceeds of the sale will be used to repay a portion of outstanding CenterPoint Energy debt.

Amerimax manufactures vinyl windows and doors focused on residential retrofit and replacement markets.

Supple previously worked at HKW, where he helped manage business development and sourcing efforts.

The transaction is subject to authorization from the Surface Transportation Board.

In filing dated Jan. 9, KKR disclosed it had boosted its stake in the company to 10.7 percent, which grew from 2.65 percent in September.

Sad news for Excellere Capital Partners and keeping a close eye on preferred returns.