PE-Backed NMI Acquires Payment Tech Firm Dwolla
NMI, a private‑equity‑backed embedded payment infrastructure provider, announced the acquisition of Dwolla, a developer‑focused ACH and API payment platform. The deal, terms undisclosed, integrates Dwolla’s real‑time ACH capabilities into NMI’s gateway suite, broadening its suite of white‑label solutions for merchants and ISVs. The combined entity aims to accelerate the rollout of frictionless, bank‑to‑bank payments across e‑commerce, SaaS, and on‑demand services. The move reflects a broader industry trend of consolidating payment‑tech assets to meet rising demand for seamless digital transactions.
Agellus-Backed HighGrove Acquires Lawn Enforcement Agency
HighGrove, an Atlanta‑based commercial landscaping firm backed by private‑equity firm Agellus, announced the acquisition of Lawn Enforcement Agency, a regional provider of residential lawn‑care services. The deal, terms undisclosed, adds a network of residential contracts and a modest revenue stream...
Triton to Exit Healthcare Provider Aleris in Strategic Sale; McWin Lists Quick-Service Restaurant Biz
Private equity firm Triton is divesting its Nordic healthcare platform Aleris through a strategic sale, ending its ownership of the specialist‑care provider that operates more than 100 clinics across Sweden, Norway and Denmark. The transaction underscores ongoing consolidation in the...
Blackstone, Audax, Five Arrows Eye Pharmaceutical and Life Science Consulting Firms; Drug R&D Complexity Drives Eir Partners to Invest in...
Private‑equity firms Blackstone, Audax and Five Arrows are scouting boutique consulting firms that specialize in pharmaceutical and life‑science services, seeing them as platforms for growth. At the same time, Eir Partners announced a strategic investment in QuartzBio, a data‑analytics startup...
PE-Backed GMR Goes Public
GMR, a Lewisville, Texas provider of emergency medical services backed by private equity, has completed an initial public offering and begun trading on the Nasdaq. The IPO provides the company with fresh capital to accelerate its national footprint and invest...
Siris Capital to Triple Its Money with Equiniti Sale; Remote Healthcare Demand Pulls PE to Telehealth
Siris Capital Group is preparing to sell its portfolio company Equiniti, a UK payroll and HR technology provider, at a price that would triple the private‑equity firm’s original investment. The deal, expected to close later this year, underscores Siris’s ability...
FH Capital to Acquire Majority Stake in JinkoSolar’s US Subsidiary
FH Capital announced it will acquire a majority stake in JinkoSolar’s U.S. subsidiary, while the Chinese panel maker will retain a minority interest. The transaction, whose financial terms were not disclosed, positions FH Capital as the controlling shareholder of the...
Goldman Sachs-Backed Xpress Wellness Acquires Midwest Counseling Services
Goldman Sachs‑backed Xpress Wellness announced the acquisition of Midwest Counseling Services, a provider of behavioral health and counseling in the Midwest. The deal adds urgent‑care, virtual primary care, occupational medicine, and post‑acute capabilities to Xpress’s existing rural and suburban network....
Salt Creek Capital Sells IT Assist to TeamLogic
Salt Creek Capital has agreed to sell IT Assist, the largest TeamLogic IT franchisee, to TeamLogic Services. IT Assist delivers managed IT, cloud and cybersecurity solutions to small and mid‑size enterprises across the United States. The transaction consolidates the franchise...
Siris to Sell Transfer Agent and Shareholder Services Firm Equiniti to Bullish for $4.2bn
Siris is selling its transfer‑agent and shareholder services business, Equiniti, to Bullish for roughly $4.2 billion in cash. Siris originally bought Equiniti in 2021 and merged it with its U.S. counterpart, AST, to build a global platform. The transaction marks Siris’s...
Cinven-Backed Alter Domus to Acquire MSC Group
Alter Domus, the Cinven‑backed global provider of fund administration and corporate services, announced it will acquire MSC Group, a specialist trustee, custody and financial intermediary firm. The deal merges two complementary platforms that together serve private equity, real‑asset and institutional...
MBF Healthcare-Backed Arete Health Acquires Virginia Rehabilitation & Wellness and Summerville Physical Therapy & Balance for Adults
Arete Health, a clinician‑led outpatient physical therapy platform backed by MBF Healthcare, announced the acquisition of Virginia Rehabilitation & Wellness and Summerville Physical Therapy & Balance for Adults. The deal adds two adult‑focused PT clinics in Virginia and South Carolina,...
Coalesce Capital-Backed Miller Environmental Group Scoops up Central Ohio Oil
Miller Environmental Group, backed by Coalesce Capital, announced the acquisition of Central Ohio Oil’s assets, expanding its waste, industrial and environmental services footprint in Ohio. The purchase adds fuel storage, distribution terminals and related infrastructure to Miller’s existing remediation and...
Copley to Sell LJB, Sources Say; KKR Made ‘Targeted Acquisitions’ to Scale Axius Water Before Sale to CRH
Copley Equity Partners has launched an early‑stage sale process for LJB, a civil, structural, geospatial engineering and environmental services firm. At the same time, KKR and XPV Water Partners are preparing to divest Axius Water, which they expanded through targeted...
William Blair to Acquire Inner Circle Sports
William Blair, the Chicago‑based middle‑market investment bank, announced it will acquire Inner Circle Sports, a boutique advisory firm focused on professional sports franchise transactions. The acquisition is intended to broaden Blair’s industry coverage and tap into the expanding sports finance...
Audax Sale of HVAC Service Provider Nextech Progresses, Sources Say; More PE Deals Expected in Roofing, Landscaping and Remodeling
Audax Group is advancing the sale of Nextech, its HVAC service platform, after months of confidential marketing. Sources say the company is being valued at roughly $500 million and a buyer could be secured by the third quarter of 2024. The...
Bain Capital, Sixth Street and Harvest Partners Back Power Home Remodeling
Bain Capital, Sixth Street and existing backer Harvest Partners have jointly backed Power Home Remodeling in a fresh financing round. Harvest Partners will continue as the company’s largest shareholder, while the new capital from Bain and Sixth Street bolsters growth...
Audax Advances Bidders Into Second Round of Sale Process for Nextech, Sources Say
Audax has moved the Nextech sale into a second‑round bidding phase, with interested parties valuing the commercial HVAC specialist at roughly $1.5 billion, or about 15 times its EBITDA. The process, now in its advanced stage, reflects strong private‑equity appetite for climate‑control...
IFM Investors-Backed Mobius Renewables Acquires Air Liquide’s Biogas Production Activities in US, France, Norway and Sweden
Mobius Renewables, backed by IFM Investors, announced the acquisition of Air Liquide's biogas production assets across the United States, France, Norway and Sweden. The deal adds six operating landfill‑gas-to‑RNG sites in the U.S., five farm‑waste facilities in France, and a...
Avista Unveils Birchwell Consumer Health
Avista Capital Management has introduced Birchwell Consumer Health, a new platform dedicated to over‑the‑counter wellness products. As part of the launch, Birchwell purchased Bag Balm, the Vermont‑based therapeutic ointment brand, from a seller group led by Gemini Investors. The acquisition...
Riata Capital-Backed COEO Solutions Snaps up Managed Tech Provider S-NET Communications
Riata Capital‑backed COEO Solutions announced the acquisition of managed‑technology provider S‑NET Communications. The deal adds S‑NET’s multi‑location network and cloud services to COEO’s portfolio, strengthening its focus on mid‑market enterprises. While financial terms were not disclosed, the transaction is expected...
Grovecourt-Backed Traffic & Mobility Consultants Acquires Chindalur Traffic Solutions
Traffic & Mobility Consultants LLC, a Florida‑based transportation planning and traffic engineering firm, announced it has acquired Chindalur Traffic Solutions. The deal, backed by private‑equity firm Grovecourt, expands the combined entity’s geographic reach into the western United States and adds...
Integrum, Lightyear and Ontario Teachers’ to Invest in Wealth Management Advisor Allworth Financial
Integrum Capital, Lightyear Capital, and Ontario Teachers’ Pension Plan have announced a joint investment in Allworth Financial, a boutique wealth‑management advisory firm. The three investors, who have previously backed Allworth, are deepening their commitment to the firm’s growth strategy. While...
SK Capital Exits Phoenix Flavors & Fragrances Inc
SK Capital has completed its exit from Phoenix Flavors & Fragrances Inc., selling the specialty flavor and fragrance producer to Turpaz Industries Ltd. The transaction marks the private‑equity firm’s full divestiture of its stake, though financial terms were not disclosed....
Clearlake Completes Buyout of Power and Electric Services Grid Platform Qualus
Clearlake Capital has completed the acquisition of Qualus, a cloud‑based platform serving power and electric service providers, buying it from New Mountain Capital. The transaction adds a specialized grid‑software asset to Clearlake’s growing energy‑technology portfolio. Qualus offers SaaS solutions that...
T2Y Capital Makes Majority Investment in Ackermann
T2Y Capital has taken a majority stake in Ackermann, a developer of bespoke automation and testing systems for industrial clients. The deal injects significant growth capital into Ackermann, enabling it to scale its engineering teams and accelerate product development. T2Y’s...
Skyview Acquires Lightspeed Commerce’s Upserve US Hospitality Product Line
Skyview announced the acquisition of Lightspeed Commerce’s Upserve hospitality product line, bringing roughly 3,200 U.S. restaurant locations into its portfolio. The deal transfers Upserve’s point‑of‑sale, analytics, and back‑office solutions to Skyview, expanding its SaaS offerings for mid‑size operators. Financial terms...
Ares Management Appoints Peter Ogilvie as COO and Strategy Head
Ares Management announced the promotion of Peter Ogilvie to chief operating officer while he continues to lead the firm’s corporate strategy group. Ogilvie, already a partner and head of strategy, will now oversee day‑to‑day operations across Ares’ $300 billion alternative‑asset platform....
Archimed, La Caisse Acquire Stago
Archimed and La Caisse have announced a joint acquisition of Stago, the Swiss‑based developer of hemostasis equipment and reagents. The deal adds a leading diagnostic manufacturer to Archimed’s growing life‑science portfolio. Stago’s product suite includes coagulation analyzers, reagents and software...
Chad Doerge, New President and Deputy CEO of Round Hill, Is a Dealmaker to Watch
Chad Doerge, a veteran of three decades on Wall Street, has been appointed president and deputy CEO of Round Hill Music. The firm, a leading music‑rights investor, controls iconic catalogs featuring George Harrison, Elvis Presley, Black Sabbath and Madonna. Doerge’s...
Blackstone Infrastructure to Invest up to €2bn in Eurowind Energy
Blackstone Infrastructure announced a commitment of up to €2 billion (approximately $2.2 billion) to invest in Eurowind Energy, a pan‑European renewable developer and independent power producer. The capital will be deployed to expand Eurowind’s wind and solar pipeline, accelerate acquisitions, and fund...
Deutsche Beteiligungs AG Acquires Stake in Bug Bounty Switzerland
Deutsche Beteiligungs AG has acquired an undisclosed equity stake in Bug Bounty Switzerland, a SaaS provider specializing in ethical hacking and intelligent security testing. The German private‑equity firm aims to support the Swiss company's growth in the rapidly expanding bug...
Montagu to Acquire Germany’s DQS
Montagu, a European private‑equity firm, announced the acquisition of DQS, a German‑based global provider of certification and business assurance services. The deal expands Montagu's portfolio into the high‑growth compliance and ESG verification market. DQS brings a network of over 30,000...
Cinven, Advent to Combine TK Elevator with Kone in €29.4bn Deal
Private equity firms Cinven and Advent announced a plan to combine TK Elevator with Finland’s Kone, creating a global elevator and escalator powerhouse valued at €29.4 billion (approximately $32 billion). TK Elevator, which was spun off from Thyssenkrupp in 2020, will merge...
Archimed, Cinven, Gemspring Target Orthopedics; Lower Development Risk Draws PE to Medical Devices
Private equity is zeroing in on orthopedics as value‑based care fuels demand for cost‑effective implants and the sector shows resilience. Firms such as Archimed, Cinven and Gemspring are actively scouting acquisition targets in orthopedic device manufacturing. Apollo’s recent $1.25 billion minority...
Avance-Backed Alchemy Technology Group Acquires Cybersecurity Firm IOvations
Houston-based Alchemy Technology Group, supported by private equity firm Avance Capital, announced the acquisition of cybersecurity specialist IOvations. The deal integrates IOvations' threat detection and managed security services into Alchemy's existing IT advisory and reseller platform. By combining resources, Alchemy...
Orthopedic Care Draws in PE: 6 Deals
Private‑equity firms are increasingly targeting the orthopedic sector, with six deals announced this year. Archimed, Cinven, Gemspring and InTandem are among the investors, collectively committing roughly $1.2 billion. The transactions span traditional device manufacturers, joint‑replacement joint ventures, and emerging digital orthopedics...
Standard Life Merger with Aegon UK Is ‘Good News for Bigger GPs’
Standard Life and Aegon UK announced a merger that will create a life‑and‑pensions powerhouse with roughly £480 billion of assets, equivalent to about $610 billion. The combined entity will rank among the largest European pension managers, reflecting a broader wave of consolidation...
Century Park Unveils New Platform Green Summit Landscape Group
Century Park has launched a new platform called Green Summit Landscape Group to target the landscaping sector. The platform’s first moves are the acquisitions of two Lansing, Michigan firms—R&D Landscape and LandMark Landscape. These purchases give Green Summit an immediate...
PE-Backed Aqua Dermatology Acquires Steele Dermatology
Aqua Dermatology, a private‑equity‑backed dermatology provider based in Palm Beach Gardens, Florida, announced the acquisition of Steele Dermatology. The deal adds Steele’s clinic network to Aqua’s existing Southeast footprint, broadening its geographic reach. By integrating Steele’s locations, Aqua aims to...
HIG-Backed Coriant Acquires SCA
Coriant, backed by private‑equity firm H.I.G. Capital, announced the acquisition of SCA, a specialist provider of access, temporary containment, and industrial support services for defense, marine, and infrastructure markets. The deal expands Coriant’s portfolio beyond its traditional telecom equipment business...
Osceola Capital-Backed Fortify Restoration Acquires Beach Contracting
Fortify Restoration, a Florida‑based structural restoration firm backed by Osceola Capital, announced the acquisition of Beach Contracting, a regional contractor specializing in commercial roofing and waterproofing. The deal broadens Fortify’s service portfolio and extends its geographic reach into neighboring Southeast...
PE-Backed Thermal Concepts Acquires Commercial HVAC and Food Service Equipment Firm Hunter Mechanical
Thermal Concepts, a private‑equity‑backed provider of commercial HVAC maintenance and controls in the Southeast, announced the acquisition of Hunter Mechanical, a firm specializing in commercial HVAC and food‑service equipment. The deal expands Thermal Concepts’ service footprint into new verticals and...
Avem Partners Scoops up Manufacturer Precision Aircraft Machining Company
Avem Partners announced the acquisition of Precision Aircraft Machining Company, a specialist aerospace component manufacturer. The transaction was funded by True West Capital Partners together with several family offices and high‑net‑worth investors. Precision Aircraft adds advanced CNC machining capabilities and...
HIG Seeks Bids for Capstone Logistics, Sources Say; Roofing Deals Draw Angeles Partners, Sumeru, Osceola and Huron
HIG Capital has launched a sale process for its logistics subsidiary, Capstone Logistics, and will collect first‑round bids by early May. Capstone, a third‑party logistics provider with roughly $300 million in annual revenue, is being positioned at an estimated $1.2 billion valuation....
Catchment Capital to Acquire Manufacturer Isolatek
Catchment Capital announced it will acquire Isolatek, a specialist manufacturer of high‑performance isolation products, from SK Capital. The transaction, whose financial terms were not disclosed, adds a niche industrial asset to Catchment’s growing portfolio of manufacturing businesses. SK Capital’s sale...
Iron Path-Backed CPIhealth Picks up Midwest Interventional Spine Specialists and Serenity Surgical Center
CPIhealth, a US‑based interventional pain‑management platform backed by private‑equity firm Iron Path, announced the acquisition of Midwest Interventional Spine Specialists and Serenity Surgical Center. The deal adds two provider networks—one in the Midwest and another in Texas—to CPIhealth’s growing portfolio....
HIG Capital Snaps up Inventus Power
HIG Capital announced the acquisition of Inventus Power, a provider of advanced power solutions serving military, medical, industrial/fleet, and consumer markets. The deal adds a diversified energy‑technology platform to HIG’s growing portfolio of high‑growth tech assets. Inventus’ expertise in rugged,...
Topspin on the Hunt for Differentiated Consumer Businesses; Thoma Bravo Merges HCSS Business with Nemetschek Unit
Topspin Capital is actively scouting differentiated consumer businesses, emphasizing brands with strong digital footprints and recurring revenue models. Meanwhile, Thoma Bravo announced the integration of its construction‑software portfolio, HCSS, into Nemetschek's architecture and engineering unit to create a unified AEC...
May River-Backed Cashco Acquires 3B Controls
Cashco, a Kansas‑based provider of industrial control products, announced the acquisition of 3B Controls. The deal is financially backed by private‑equity firm May River, signaling strong investor confidence. 3B Controls brings advanced automation and sensor technologies to Cashco's existing portfolio....