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Partners Group Closes Acquisition Of Reedy Industries

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Michelle deBoer-Jones
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Partners Group, a private equity fund with $9.5 billion in assets under management, returned 3.3% for August in each of its share classes. For the first two months of the quarter, Class A was up 3%, while Class I gained 3.2%. Year to date, Class A has returned 16.9%, while Class I is up 17.4%.

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Reedy Industries

In August, Partners Group closed its acquisition of Reedy Industries, the second-largest independent provider of maintenance, repair and replacement services for commercial HVAC equipment, chilled water systems and building automation and controls.

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Michelle deBoer-Jones is editor-in-chief of Hedge Fund Alpha. She also writes comparative analyses of stocks for TipRanks and runs Providence Writing Services. Previously, she was a television news producer for eight years, producing the morning news programs for NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spending a short time at the CBS affiliate in Huntsville.