NEW FUNDS
Denali Doubles Up
Denali Growth Partners (DGP) has held a final close of Denali Growth Partners Fund II LP with $400 million in limited partner commitments, surpassing its $350 million target. DGP’s first
Nexa Hard Caps Fund II
Nexa Equity has held a hard cap and oversubscribed final close of Nexa Equity Fund II LP with $390 million in capital commitments. Nexa is an investor in founder-led software
Southfield Beats Hard Cap on Fund IV
Southfield Capital has held a final close of its fourth fund, Southfield Capital IV LP, with $560 million in capital commitments. Fund IV closed above its original hard cap as
Allied Closes Inaugural $300 Million Fund
Allied Industrial Partners (AIP) has held a final and above target closing of its oversubscribed debut fund, Allied Industrial Partners I-A and I-B LP (Fund I), at its $300 million
Escalate Closes Fifth Fund at $350 Million
Escalate Capital Partners has held a final closing of its fifth fund, Escalate Capital V LP, with $350 million in committed capital. Limited partners in Fund V include J.P. Morgan
GEM Closes Independent Sponsor Fund
GEM has held a final, above-target, and oversubscribed close of GEM IS Fund LP (Fund IS), the firm’s inaugural fund dedicated to independent sponsors, with $450 million of capital commitments.
KSL Beats Target on Tactical Opportunities Fund
KSL Capital Partners has held a final close of its second tactical opportunities fund, KSL Capital Partners Tactical Opportunities II LP (Tac Opps II), with $1.44 billion in capital. Tac
Trive Beats Fund V Target
Trive Capital held a final and above-target close of its fifth flagship fund, Trive Capital Fund V LP, with total capital commitments of $2.7 billion. The new fund’s original target
NEW PLATFORMS
Valesco and Corinthian Own the Night with Trimlight Buy
Valesco Industries and Corinthian Capital Group have acquired Illumination Enterprises and Trimlight of Salt Lake (together Trimlight), a provider of permanent exterior LED lighting systems, in partnership with the company’s founders and senior management team.
Ares Sees Green at Landscape Workshop
Ares Management has acquired a majority interest in Landscape Workshop, a provider of commercial groundskeeping services across the Southeastern United States, from Carousel Capital and McKinney Capital. Landscape Workshop provides its services – landscape maintenance,
New Mountain Looks to Make Healthcare Smarter
New Mountain Capital has formed Smarter Technologies as a new healthcare administration and revenue management platform by combining its portfolio companies SmarterDx, Thoughtful.ai, and Access Healthcare. Through SmarterDx, the company uses clinical AI to analyze
ACE Acquisition Puts Pfingsten on the Cutting Edge
Pfingsten Partners has acquired American Cutting Edge (ACE), a manufacturer and distributor of consumable industrial knives, blades, and razors. ACE’s product line includes precision-ground industrial knives used in plastic and food processing, flooring tools such
NEWS
NEW EXITS
GSTV Sold to MidOcean
Rockbridge Growth Equity has sold its majority ownership in GSTV, a national video network operating across fuel and convenience retailers, to MidOcean Partners. As part of the transaction, Rockbridge will retain a minority stake in
ACON Exits Kept with Sale to DFW
ACON Investments has sold Kept Companies, a provider of commercial and industrial cleaning services, to DFW Capital Partners. Kept Companies is a national provider of mobile power washing, specialty cleaning, and facility maintenance services across
Soundcore Sells InfraStripe to Bain’s Frontline
Soundcore Capital Partners has closed the sale of InfraStripe, a regional roadway safety contractor, to Frontline Road Safety, the largest provider of pavement marking services in the United States and a portfolio company of Bain
NEW ADD ONS
Highview’s Safety Marking Takes a Straight Line to a Bigger Platform
Safety Marking (SMC), a pavement marking services provider backed by Highview Capital, has acquired Straight Line Industries. Straight Line Industries provides subcontracted roadway striping and pavement marking services to government agencies and general
Aurora’s Lubrication Engineers Quickly Closes Second Add-On Acquisition
Lubrication Engineers, a portfolio company of Aurora Capital Partners, has acquired RSC Bio Solutions. RSC Bio Solutions develops and supplies high-performance, environmentally acceptable lubricants (EALs) used in marine and industrial applications. The company’s
FEATURED TRANSACTIONS
Full Speed Ahead for GI Partners’ New Insurance Platform
GI Partners has launched a new Managing General Agency (MGA) platform in partnership with insurance executives Brad Emmons and Brian Hanuschak. MGAs are a specialized type of insurance firm that works on behalf
Aurora’s Lubrication Engineers Quickly Closes Second Add-On Acquisition
Lubrication Engineers, a portfolio company of Aurora Capital Partners, has acquired RSC Bio Solutions. RSC Bio Solutions develops and supplies high-performance, environmentally acceptable lubricants (EALs) used in marine and industrial applications. The company’s
FalconPoint Continues Build of Jennmar Platform
Jennmar, a provider of industrial services and products and a portfolio company of FalconPoint Partners, has acquired Rohrig Heavy Equipment Maintenance. Rohrig provides specialized heavy equipment repair and maintenance services to the construction, mining,
Brynwood’s Hometown Food Acquires Chef Boyardee
Hometown Food Company, a portfolio company of Brynwood Partners, has agreed to acquire the Chef Boyardee brand from Conagra Brands at an enterprise valuation of $600 million. Chef Boyardee specializes in shelf-stable canned
Brick by Brick, Blue Point Builds Restoration Platform
Blue Point Capital Partners has acquired Restoration Systems, a provider of facade and structural repair and restoration services, in partnership with the company’s second-generation leadership. Restoration Systems’ (RSI) building envelope and parking structure services include brick and stone repair, tuckpointing, waterproofing, concrete repair, traffic coating applications, and post-tension cable repair. Customers of RSI are active in the commercial, healthcare, education, governmental, and multi-family sectors. RSI was founded in 1999 by the Dronen family and is currently led by President Blake
Graham Looks to Corner the Cookie Market
Commercial Bakeries Corporation, a portfolio company of Graham Partners, has acquired wire cut and rotary molded cookie-maker Hollandia Bakeries. Hollandia Bakeries is a manufacturer of hard and soft wire cut cookies, fruit-filled turnovers, gingerbread houses, and rotary molded cookies. The business primarily serves grocery retailers through private-label arrangements, emphasizing custom product formulations and holiday-themed baked goods. Family-owned Hollandia Bakeries, led by President Dan Simile, is headquartered 120 miles northeast of Detroit in Mount Brydges, Ontario. The purchase of Hollandia provides
PEOPLE ON THE MOVE
Mesirow Strengthens its Technology Vertical
SK Capital Hires John Novak to Lead Business Development
Brown Gibbons Lang Adds Consumer Veteran
Gridiron Adds Business Development Pro
Canaccord Genuity Hires Aerospace & Defense Pro
Abacus Finance Names New President
Valesco and Corinthian Own the Night with Trimlight Buy
Valesco Industries and Corinthian Capital Group have acquired Illumination Enterprises and Trimlight of Salt Lake (together Trimlight), a provider of permanent exterior LED lighting systems,
Ares Sees Green at Landscape Workshop
Ares Management has acquired a majority interest in Landscape Workshop, a provider of commercial groundskeeping services across the Southeastern United States, from Carousel Capital and
New Mountain Looks to Make Healthcare Smarter
New Mountain Capital has formed Smarter Technologies as a new healthcare administration and revenue management platform by combining its portfolio companies SmarterDx, Thoughtful.ai, and Access
More Private Equity News
Caymus Lights Up with Valley Buy
IX Capital Buys Teague Electric
Rochester Midland Buys OCS Chemical
Percheron Launches Fire and Life Safety Platform
Apex Acquires Majority Stake in Juanita’s
Amberjack Acquires Industrial Thermal Services
New Funds
Denali Doubles Up
Denali Growth Partners (DGP) has held a final close of Denali Growth Partners Fund II LP with $400 million in limited partner commitments, surpassing its
Nexa Hard Caps Fund II
Nexa Equity has held a hard cap and oversubscribed final close of Nexa Equity Fund II LP with $390 million in capital commitments. Nexa is
Southfield Beats Hard Cap on Fund IV
Southfield Capital has held a final close of its fourth fund, Southfield Capital IV LP, with $560 million in capital commitments. Fund IV closed above
Allied Closes Inaugural $300 Million Fund
Allied Industrial Partners (AIP) has held a final and above target closing of its oversubscribed debut fund, Allied Industrial Partners I-A and I-B LP (Fund
People on the Move
Mesirow Strengthens its Technology Vertical
SK Capital Hires John Novak to Lead Business Development
Brown Gibbons Lang Adds Consumer Veteran
