GTCR-Backed Ascent Sports Group Acquires Sports Tech Firm LiveBarn
GTCR‑backed Ascent Sports Group announced the acquisition of LiveBarn, a sports‑technology firm that specializes in real‑time video streaming for venues. Founded in January 2026, Ascent is rapidly building a comprehensive media and technology platform for the sports industry. The deal will integrate LiveBarn’s streaming and analytics capabilities into Ascent’s existing services, broadening its product suite. The acquisition underscores Ascent’s aggressive growth strategy within a fragmented market.
Sovereign Sells Knovia to Eureka Education
Private equity firm Sovereign Capital has agreed to sell its education‑technology portfolio company Knodia to fellow investor Eureka Education. During Sovereign’s ownership, Knodia more than quadrupled its revenue, driven by consistent 15%‑plus organic growth and two strategic acquisitions that broadened...
AEA Elevate Invests in Tech Company Trinamix
AEA Elevate has announced an investment in Trinamix, a technology firm that provides solutions to enterprise and mid‑market organizations. The funding is intended to bolster Trinamix’s product development and expand its market reach. While the exact amount was not disclosed,...
Gryphon-Backed Rootstock Picks up ERP Software Provider Ascent Solutions
Rootstock, the cloud ERP specialist backed by Gryphon Investors, announced the acquisition of Ascent Solutions, a provider of Salesforce‑based ERP and operational applications. The deal adds Ascent’s suite of cloud solutions to Rootstock’s portfolio, strengthening its position on the Salesforce...
Diversis Scoops up Fintech Firm LTi
Diversis has completed the acquisition of fintech firm LTi, expanding its portfolio of digital finance solutions. As part of the deal, LTi co‑founders Randy Haug and Russ Hallberg will retain minority ownership and stay actively involved in day‑to‑day operations. The...
GTCR Taps Donnie Phillips as Managing Director and Chief Administrative Officer
GTCR announced the appointment of Donnie Phillips as managing director and chief administrative officer, based out of its Chicago office. Phillips will oversee the firm’s administrative functions while contributing to strategic decision‑making. The move adds a seasoned executive to GTCR’s...
Olympus Partners to Sell EyeSouth’s Retina Business for $1.1b
Private equity firm Olympus Partners announced the sale of EyeSouth’s retina business for $1.1 billion. EyeSouth, a U.S.-based management services organization for eye‑care providers, will transfer its retina platform to an undisclosed buyer. The transaction underscores strong valuation multiples in specialty...
Aquiline-Backed Relation Snaps up Chinook Insurance Group
Relation, a private‑equity‑backed platform supported by Aquiline Capital Management, announced the acquisition of Chinook Insurance Group, a specialty insurer focused on commercial lines. The deal terms were not disclosed, but the transaction expands Relation’s footprint in the U.S. insurance market....
One Equity Buys Kitwave via a Take-Private Transaction
One Equity Partners has acquired Kitwave, a UK wholesale distributor of food, drinks and other consumables, in a take‑private transaction. The deal will delist Kitwave from public markets, giving One Equity full control to pursue growth initiatives. This acquisition aligns...
KKR to Sell Data Center Liquid Cooling Company CoolIT for $4.75b
Kohlberg Kravis Roberts (KKR) has agreed to sell its data‑center liquid‑cooling specialist CoolIT for $4.75 billion. The transaction is slated to close in the third quarter of 2026. CoolIT’s technology addresses rising heat‑density challenges as hyperscale operators shift toward more efficient...
3M and Bain to Acquire Madison Fire & Rescue for $1.95b
3M and Bain Capital have agreed to acquire Madison Fire & Rescue for $1.95 billion. The transaction will merge Madison’s fire‑rescue services with 3M’s Scott Safety breathing‑apparatus division. The combined entity will operate as a new fire and safety platform under...
Gryphon-Backed ACA Acquires HVAC Systems Manufacturer Northern Air
Gryphon-backed ACA announced the acquisition of Northern Air, an Oklahoma City‑based specialty HVAC systems manufacturer. The deal expands ACA’s footprint in the regional HVAC market and adds Northern Air’s expertise in custom climate solutions. ACA, supported by private‑equity firm Gryphon...
Palladium Equity to Acquire Hospice Medical Equipment Provider DME Express
Palladium Equity announced the acquisition of DME Express, a provider of hospice medical equipment. The transaction is being executed with WayPoint Capital Partners as the seller. While the purchase price remains undisclosed, the deal adds a nationwide DME network to...
PE Targets Healthcare Benefit Management: 5 Deals
Private equity firms are intensifying their focus on healthcare benefit management, announcing five new deals this quarter. Investors such as InTandem, NMS Capital and WestView Capital are targeting platforms that serve both employers and employees. The transactions aim to consolidate...
Permira’s AltamarCAM Exit Delivers Attractive Return, Sources Say; IK Partners to Acquire Dutch Financial Services Intermediary
Permira has exited its investment in AltamarCAM, delivering an attractive multiple and strong internal rate of return for its limited partners. The sale underscores the firm’s ability to generate cash‑rich exits in the European fintech space. Meanwhile, IK Partners secured...
Southfield-Backed Franchise FastLane Acquires Consulting Firm Franchise Creator
Franchise FastLane, a franchise development organization backed by private‑equity firm Southfield, announced the acquisition of consulting firm Franchise Creator. The deal adds brand‑strategy and operational consulting to FastLane’s existing franchise‑development services. Financial terms were not disclosed, but the move expands...
PE-Backed Tech24 Snaps up Pacific Standard Service
Tech24, a commercial foodservice equipment repair and maintenance provider, announced the acquisition of Pacific Standard Service. The deal, backed by private equity, broadens Tech24’s geographic reach and service capabilities. Pacific Standard Service adds a substantial customer base and skilled technicians...
Idealist Leads C$50 Million Growth Equity Investment in Sustainable Agriculture Company Solugen
Idealist led a C$50 million growth‑equity round in Solugen, a biotech firm that creates sustainable chemicals for agriculture using engineered enzymes. The Canada Growth Fund joined as a co‑investor, providing additional capital to accelerate Solugen’s commercial rollout. The funding is earmarked...
HIG Wins PE Hub’s Small-Cap North America Deal of the Year for Koozie Exit; Ronin Completes GP-Led Secondary Deal for...
H.I.G. Capital (HIG) was named PE Hub’s Small‑Cap North America Deal of the Year for its successful exit from Koozie, a consumer‑goods platform. The award highlights HIG’s ability to generate strong returns in the lower‑middle market. Meanwhile, Ronin Capital completed...
Truelink-Backed SouthernCarlson Picks up Specialty Distributor Greenwald Supply Direct
SouthernCarlson, a fastener and construction‑supply distributor backed by private‑equity firm Truelink, announced the acquisition of specialty distributor Greenwald Supply Direct. The deal adds Greenwald’s niche product lines and customer base to SouthernCarlson’s existing portfolio. Integration is expected to broaden geographic...
Bain Invests in Climate Tech Firm Duravent Group
Bain Capital announced a new investment in climate‑tech firm Duravent Group, joining existing backer Egeria. The capital infusion is aimed at scaling Duravent’s renewable‑energy storage solutions and accelerating commercial rollout. Bain’s involvement underscores the private‑equity firm’s growing focus on sustainable...
Stephens Group-Backed Astro Pak Snaps up Clean Sciences
Astro Pak, a specialist in high‑purity and precision cleaning, announced the acquisition of Clean Sciences. The transaction is financially supported by Stephens Group, which backs Astro Pak’s growth strategy. By integrating Clean Sciences’ capabilities, Astro Pak broadens its service portfolio...
Behrman Capital Appoints Eric Smith as Operating Partner
Behrman Capital has appointed Eric Smith as an operating partner, adding seasoned operational expertise to its investment platform. In his new role, Smith will counsel both the firm’s investment team and the executives of its portfolio companies on management and...
Nordic Capital to Buy Majority Stake in Trade Surveillance Biz TradingHub
Nordic Capital announced the acquisition of a majority stake in TradingHub, a leading trade‑surveillance platform serving banks and asset managers. Existing backer Summit Partners will stay on as a minority shareholder, preserving continuity for the company’s growth strategy. The deal...
PE-Backed Technimark Snaps up Rage Custom Plastics
Technimark, a private‑equity‑backed maker of high‑precision injection‑molded components, announced the acquisition of Rage Custom Plastics. The deal adds custom‑tooling and low‑volume production expertise to Technimark’s existing medical, consumer, and specialty industrial portfolio. Financing combines cash and debt provided by Technimark’s...
More HVAC Service Providers and Component Makers Are on the Block
Private equity firms are actively targeting HVAC service providers and component manufacturers as deal flow intensifies. Scaled residential HVAC platforms are commanding valuations of 16‑19 times EBITDA, while commercial HVAC transactions span a broader 10‑17 times EBITDA range. The disparity...
Oaktree-Backed Aecon Utilities Acquires Duna Services and a Stake in KNX Utility Services
Aecon Utilities, backed by Oaktree Capital, announced the acquisition of Duna Services and a minority stake in KNX Utility Services for a cash consideration of $60 million, with additional contingent payments tied to performance milestones. The deal adds Duna’s engineering and...
Capstone Point Holdings Scoops up Orix-Backed Optimal’s Entertainment Media Unit
Capstone Point Holdings announced the acquisition of the entertainment media unit previously owned by Orix‑backed Optimal. The business will continue operating under its legacy name, Optimad Media. The deal adds a content creation and distribution platform to Capstone’s growing portfolio....
Quad-C Taps Dillard Watt as Business Development Director
Quad‑C has appointed Dillard Watt as its new Business Development Director. Watt will partner closely with the firm’s investment teams to accelerate deal flow. His mandate includes sourcing fresh platform investments and identifying add‑on acquisition targets. The hire signals Quad‑C’s...
Gryphon-Backed Mechanix Wear Acquires PPE Manufacturer Otex
Mechanix Wear, a California‑based maker of hand protection and protective apparel, announced the acquisition of Otex, a specialist PPE manufacturer. The deal is backed by private‑equity firm Gryphon Capital, underscoring strong financial support. By folding Otex’s product line into its...
Charlesbank to Invest in Growth of Secondaries Firm Overbay Capital Partners
Charlesbank Capital Partners announced a strategic investment in Overbay Capital Partners, a Toronto‑based alternative asset manager specializing in secondary market transactions. The capital infusion is aimed at scaling Overbay’s platform, expanding its product suite, and accelerating talent recruitment. Overbay will...
The Case of New Mountain, Holt and the $30bn-Plus Deal
New Mountain Capital has teamed with Holt to negotiate a deal exceeding $30 billion, aimed at consolidating a suite of healthcare‑technology assets. The transaction centers on a portfolio that includes data‑exchange specialist Datavant, AI‑driven diagnostics firm Machinify, and service providers Office...
PE Delves Into Diverse Women’s Health Segments: 6 Deals
Private‑equity firms Ardian, Charterhouse, CVC and L Catterton led six recent transactions across the women’s health sector. The deals span fertility services, menopause therapeutics, breast‑cancer diagnostics, digital mental‑health platforms, and pelvic‑floor care. Collectively, the investments total roughly $1.2 billion, reflecting heightened...
Private Equity Hitting High Multiples in Data Center Refrigeration and Structural Design Plays, Says Lincoln International
Lincoln International’s analysts Guillaume Suizdak and Juan Carlos Montoya note that private equity is paying record‑high multiples for companies involved in data‑center refrigeration and structural design. The HVAC sector is benefiting from a convergence of cloud‑driven data‑center expansion, stricter sustainability...
Inside Arlington’s Exit of Forged Solutions Group to JF Lehman & Co.; M&A Disputes Rising, Finds BRG Report
Arlington Capital has completed the sale of its aerospace parts portfolio company, Forged Solutions Group, to JF Lehman & Co., marking the firm’s latest exit in a niche manufacturing segment. The transaction, disclosed as an undisclosed‑value deal, underscores Arlington’s focus...
Norea Capital Acquires Majority Stake in Specialized Manufacturer Metalunic
Private equity firm Norea Capital has acquired a majority stake in Metalunic, a niche manufacturer of metal panels used for siding and roofing. The transaction gives Norea a controlling interest in the company, positioning it to leverage Metalunic’s specialized product...
ArcLight Acquires 50% Stake in 5.4 GW InfraBridge Gas Power Portfolio
ArcLight Capital Partners has purchased a 50% equity stake in InfraBridge’s 5.4 GW natural‑gas power portfolio. The portfolio comprises 11 combined‑cycle plants located in Washington, Illinois, Pennsylvania, and Ontario. The transaction expands ArcLight’s generation footprint across the United States and Canada,...
Greenbelt Agrees to Buy Peak Utility Services From ORIX Capital Partners
Greenbelt has agreed to acquire Peak Utility Services, an outsourced maintenance, repair and upgrade provider for the utility sector, from ORIX Capital Partners. The financial terms were not disclosed, but the transaction adds a specialized service platform to Greenbelt’s growing...
Old Ironsides Energy Sells Pillar to Trailblazer Energy Resources
Old Ironsides Energy has agreed to sell its Pillar subsidiary to Trailblazer Energy Resources. Pillar, an exploration and production firm, concentrates on the Eagle Ford Shale play in South Texas. The transaction transfers Pillar's assets and ongoing projects to Trailblazer,...
Auréa’s Aparna Aiyar: Eyes on Beauty Carve-Outs and Founder-Led Brands
Auréa’s partner Aparna Aiyar highlighted the growing resilience of the beauty sector, noting its outperformance of broader consumer‑discretionary categories despite macro headwinds. She emphasized a strategic focus on beauty carve‑outs and founder‑led brands as attractive investment opportunities. The segment’s low...
Riverglade-Backed Dynamic Access Acquires Picc Stat
Dynamic Access, a vascular access specialist backed by private‑equity firm Riverglade, announced the acquisition of Minneapolis‑based Picc Stat. Picc Stat is a family‑owned provider of peripherally inserted central catheter (PICC) services, adding a regional foothold and established client relationships. The...
Chicago Pacific Founders Invests in Nexben
Chicago Pacific Founders (CPF) announced a strategic investment in Nexben, a Minneapolis‑based provider of end‑to‑end healthcare benefits management and consulting services. CPF, known for backing fintech and enterprise software, sees Nexben as a fit for its digital infrastructure thesis. The...
Chimney Rock Buys Gas Clip Technologies
Chimney Rock, a private‑equity firm focused on industrial services, announced the acquisition of Gas Clip Technologies, a provider of portable gas detection solutions. The deal adds a safety‑technology platform that serves industrial, marine, utility, refining, chemical processing, and water‑wastewater markets....
NorthEdge-Backed Ramarketing Picks up ISR Market Research
Ramarketing, a NorthEdge‑backed marketing firm, has acquired ISR Market Research, a niche analyst specializing in the pharmaceutical outsourcing sector. The deal adds ISR’s deep data sets and industry expertise to Ramarketing’s service suite. Backed by venture capital partner NorthEdge, the...
Thompson Street-Backed ATIS Picks up Soberman Engineering
ATIS, a technology‑focused infrastructure firm backed by Thompson Street, announced the acquisition of Soberman Engineering, a specialist in vertical transportation consulting. Soberman brings expertise across new construction, modernization, inspections, and maintenance advisory services. The deal expands ATIS's service portfolio and...
Wynnchurch-Backed Hydraulic Technologies Acquires Foxtrot Industriel
Hydraulic Technologies, backed by private equity firm Wynnchurch, announced the acquisition of Foxtrot Industriel, a French manufacturer of motorized industrial handling equipment. The transaction adds a proven line of motorized handling solutions to Hydraulic Technologies' hydraulic product portfolio. Foxtrot’s European...
Searchlight Leverages Rise in RWI in Euclid Sale; Monomoy Buys Jiffy Lube From Shell
Searchlight Capital Partners sold Euclid Transactional, a representations and warranties insurance specialist, to CRC Group, capitalizing on the rapid expansion of the RWI market. The deal underscores private equity’s confidence in niche insurance platforms as deal flow intensifies. Meanwhile, Monomoy...
BV Investment Invests in Clinical Data Exchange Platform Moxe Health
BV Investment has announced a strategic investment in Moxe Health, a platform that automates secure clinical data exchange between healthcare providers and health plans. Moxe’s technology embeds directly within electronic health records, enabling real‑time, interoperable data flows. The funding aims...
Private Equity’s Rising Use of RWI-Fueled Searchlight’s Euclid Exit
Searchlight Capital’s Euclid fund achieved a $4 billion distribution to its limited partners, defying a generally sluggish private‑equity exit environment. The performance was driven by a series of recent portfolio company sales that leveraged the firm’s revenue‑weighted investment (RWI) methodology. By...
Align Capital Portco ISPN Makes Add-On
Align Capital Partners' portfolio company ISPN announced a second add‑on acquisition, marking its first two bolt‑on deals since Align Capital joined forces with ISPN in December 2024. The transaction expands ISPN's service footprint and is expected to accelerate revenue growth....
