John McNulty

GHK’s WSB Adds Solar and Energy Storage Expertise

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WSB, an infrastructure engineering and consulting firm and a portfolio company of GHK Capital Partners, has acquired NEO Virtus Engineering, a power and energy engineering consultancy. The acquisition marks WSB’s sixth add-on in two years and adds specialized solar and energy storage expertise to WSB’s growing power division.

Founded in 2001 by President Jim Bing, NEO Virtus provides photovoltaic system design, energy storage design, owners engineering, power system studies, protection and control engineering, and solar analytics used by utilities, developers, and construction firms. The company is headquartered near Boston in Littleton, MA.

GHK Capital Partners is headquartered in Greenwich, CT.

Lovell Minnick Promotes Three

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Lovell Minnick Partners, a financial services and fintech investor, has promoted Scott Shebelsky to Partner and appointed Alex Lovell and Roumi Zlateva to Principal. Ms. Zlateva was also named Head of Capital Markets as part of the firm’s senior leadership changes.

Mr. Shebelsky joined the firm in 2016 and has served as chief financial officer, overseeing finance, accounting, operations, and internal systems as the organization scaled. Mr. Lovell, who joined in 2021, focuses on sourcing, evaluating, and executing investments alongside portfolio company management teams. Ms. Zlateva joined in 2017 and has worked across investments, board roles, and strategic M&A initiatives.

Lovell Minnick Partners is headquartered in Philadelphia with offices in New York and Los Angeles.

Turn/River Buys StarLIMS from Francisco Partners

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StarLIMS, a laboratory informatics software provider, has received a strategic investment from Turn/River Capital, with Francisco Partners exiting its ownership position.

Founded in 1986, StarLIMS develops laboratory information management systems, electronic laboratory notebooks, laboratory execution systems, and scientific data management software used by life sciences, manufacturing, food and beverage, and public health customers to manage data, workflows, and regulatory compliance. StarLIMS serves more than 1,100 customers across over 2,000 laboratories globally. Trey Cook serves as chief executive officer. The company is headquartered in Hollywood, Florida.

At Turn/River Capital, Matthew Amico and Priya Diwakar led the transaction. At Francisco Partners, Ezra Perlman and Nick Nelson led the transaction.

Huron Builds Rampart

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Rampart Exterior Services, a commercial exterior services provider, has acquired Colorado Moisture Control, a roofing and waterproofing contractor, and a platform of Huron Capital. Colorado Moisture Control is the third operating company added since Rampart’s formation, following the acquisitions of Independent Roofing Systems in August 2024 and Port Enterprises in April 2025.

Founded in 1982 by Brad Titus, Colorado Moisture Control provides re-roofing, leak repair, waterproofing, and preventive maintenance services used by education, healthcare, industrial, and commercial property owners. Colorado Moisture Control serves customers across Colorado. Brad Titus continues as chief executive officer. The company is headquartered in Denver.

Brian Rassel and Cale Kaczmarek led the transaction for Huron.

Radial Equity Adds to Plasticade

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Plasticade, a plastic safety products manufacturer and a platform of Radial Equity Partners, has acquired Mr. Chain, a plastic crowd-control and barrier products manufacturer

Founded in 1960 by Jack Russo, Mr. Chain produces plastic chains, stanchions, posts, cones, and delineators used by industrial facilities, retailers, municipalities, and event operators to manage pedestrian flow and restricted areas. Jeff Russo serves as chief executive officer. The company is headquartered in Solon, Ohio (Cleveland). Mr. Chain employs roughly 50 people and serves customers across North America.

At Plasticade, Dan Cooper and Mike Becker were involved in the transaction. Radial Equity Partners is headquartered in Chicago.

 

Monroe Banks $6.1 Billion for Fund V

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Monroe Capital has closed its 2025 Monroe Capital Private Credit Fund V with $6.1 billion of total investable capital. The close follows the firm’s prior institutional vehicle, Fund IV, which raised $4.8 billion of investable capital in 2022.

Monroe Capital provides senior secured loans, unitranche financings, and mezzanine capital that customers use to fund acquisitions, refinancings, and growth. The firm serves private equity–sponsored and independent lower middle-market companies. Monroe Capital was founded in 2004 by CEO Ted Koenig and is headquartered in Chicago with 10 additional offices throughout the United States and Asia.

“The successful close of Fund V reflects the continued confidence our global institutional investor base has in Monroe’s tenured direct lending platform, disciplined underwriting culture, and long-term performance across market cycles,” said Zia Uddin, the president of Monroe Capital. “With this capital, we are well positioned to continue delivering consistent performance in a target segment where many limited partners are seeking increased diversification and exposure.”

Monroe Capital has approximately $23 billion of assets under management and more than 320 employees.