CAZ Investments Launches GP Stakes Growth Fund
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CAZ Investments has launched the CAZ GP Stakes Growth Fund, a registered interval fund that gives investors exposure to the long-term growth of private asset managers. It pairs with the firm’s existing CAZ GP Stakes Income Fund. Together the two make up the CAZ GP Stakes Fund Series, which lets investors pursue income, growth or both.
Both funds are open to all investors, whether or not they are accredited, with a $2,500 minimum investment, daily pricing and subscriptions, quarterly repurchases, and a flat management fee with no performance fee. The Houston firm, founded in 2001, has more than $12 billion in assets deployed. It has allocated more than $8 billion to GP stakes over the past 10 years and holds minority stakes in more than 120 private equity, private credit and private real estate managers. Founder and CIO Christopher Zook said the firm designed the fund series for its own personal capital.
Carlyle’s Hilb Group Adds Pennsylvania Agency
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Hilb Group, a portfolio company of The Carlyle Group, has acquired a full-service property and casualty and employee benefits agency based in Pennsylvania. The acquisition took effect on September 1, 2026, and expands Hilb Group’s presence in the Mid-Atlantic region.
Hilb Group helps businesses and individuals buy property and casualty insurance and employee benefits coverage, acting as broker and adviser. The Richmond, Virginia, firm grows by acquiring agencies and then using its resources to build their business organically. It has completed more than 200 acquisitions and operates more than 125 offices in 32 states. PEP reported Carlyle’s acquisition of Hilb Group from Abry Partners in October 2019.
Blue Point’s Weaver Brands Acquires Shapley’s
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Weaver Brands, a portfolio company of Blue Point Capital Partners, has acquired Shapley’s, a Fort Myers, Florida, maker of horse grooming products. The deal closed on August 21, 2026. Generational Group advised Shapley’s on the sale.
Shapley’s makes the shampoos, conditioners, grooming oils, sprays and deodorizing cleansers that horse owners use to clean, condition and care for their animals’ coats and skin. The line began with its Original M-TG formula, developed to treat bacterial and fungal skin conditions in horses, and the company has made grooming products for more than 88 years. All manufacturing and bottling takes place in the U.S., and products are sold internationally. Weaver Brands, based in Mount Hope, Ohio, owns equine, livestock, pet, leathercraft and outdoor brands, including Weaver Equine, Weaver Livestock, Troxel Helmets, Terrain D.O.G., Rex Specs and Weaver Leather Supply. Blue Point is based in Cleveland.
Clearlake’s Intertape Polymer Group Acquires Clysar
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Intertape Polymer Group, a portfolio company of Clearlake Capital Group, has acquired Clysar, a Clinton, Iowa, manufacturer of polyolefin shrink film. Clysar will operate as “Clysar, an IPG Company” alongside IPG’s Exlfilm brand.
Clysar makes the clear plastic shrink film that tightens around retail goods, food, multipacks and other products to bundle and protect them. It sells to distributors and end users across North America and has been making film since its founding in 1963. Vicki Larson is president. IPG, based in Sarasota, Florida, makes pressure-sensitive and water-activated tapes, stretch and shrink films, protective packaging, woven and non-woven products, and packaging machinery. IPG CEO Pete Durette said Clysar brings a trusted brand, high-quality products and a talented team in a strategically important category, and that the deal expands IPG’s North American manufacturing capabilities.
Vistria Group Completes Investment in Curi Capital
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The Vistria Group has completed its previously disclosed strategic investment in Curi Capital, a registered investment adviser with more than $14 billion in assets under advisement. Vistria invested alongside Curi Capital’s employee owners and existing shareholders, including Curi and Wealth Partners Capital Group.
Curi Capital manages investments and provides financial planning for high-net-worth individuals, families, healthcare professionals, business owners and institutions. It works from 12 offices across eight states and Washington, D.C. The firm traces its roots to RMB Capital, founded in Chicago in 2005, which merged with Curi Capital in 2024. It keeps its name, service model and management team, led by CEO Dimitri Eliopoulos. Vistria, a Chicago private investment firm with more than $18 billion in assets under management, invests in healthcare, knowledge and learning, financial services and housing.
FVLCRUM Acquires Fidelity Technology Services
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FVLCRUM Funds has acquired Fidelity Technology Services, a Reading, Pennsylvania, provider of military simulation training systems and services. FTS joins Advanced IT Concepts in FVLCRUM’s Project Maverick strategy, which Juan Navarro leads. The two companies will operate independently for contracting purposes and roll up under FVLCRUM Maverick Acquisition Company.
FTS builds and supports the simulators and training systems used by the U.S. Navy, the U.S. Air Force and allied defense partners, and it provides field support services for Department of War programs. The company was founded in 1987. Advanced IT provides IT infrastructure integration, cybersecurity and simulation services to the Department of War and allied nations. FVLCRUM partner Andre Castillo said the deal reflects the firm’s commitment to the readiness of U.S. military personnel. FVLCRUM invests in lower middle-market companies that provide mission-critical services to large enterprises and governments.
Altaris’ Analogic Completes Combination with Leidos’ Security Businesses
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Analogic, a portfolio company of Altaris, has completed its previously disclosed combination with the security enterprise, ports and borders, and industrial automation businesses of Leidos. The combined company keeps the Analogic name and operates as a privately held business headquartered in Salem, New Hampshire. Analogic CEO Tom Ripp leads it.
Analogic designs and builds the imaging and detection equipment used for security screening at airports, ports, borders and other critical infrastructure sites. It also supplies imaging, automation and precision power technology to healthcare and industrial customers. Mr. Ripp said the combination creates a more focused global security imaging and detection company with broader capabilities and deeper customer relationships. Kirkland & Ellis and Hinckley Allen & Snyder advised Analogic. PJT Partners advised Leidos on the financial side, and Fried Frank and DLA Piper served as its legal counsel.
Aurora Capital Partners Acquires Softdocs
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Aurora Capital Partners has acquired Softdocs, which sells software that helps schools, colleges and government agencies manage documents and automate paperwork-heavy processes.
Softdocs gives institutions a secure way to store and manage documents and to automate administrative workflows. Its cloud-based enterprise content management and workflow automation tools are built for colleges and universities, K-12 school districts, and state and municipal agencies. It serves more than 1,000 organizations around the world, and Adam Park is CEO. Aurora is a Los Angeles private equity firm founded in 1991, with $6 billion in assets under management. Baird and Raymond James served as financial advisors to Softdocs, and Alston & Bird served as its legal counsel. Macquarie Capital and Gibson, Dunn & Crutcher advised Aurora.
GE HealthCare to Buy Trilantic’s SOFIE Biosciences for $945 Million
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GE HealthCare has agreed to acquire SOFIE Biosciences from Trilantic North America for $945 million in cash. The transaction is expected to close in the first half of 2027, subject to regulatory approvals and other closing conditions. SOFIE will then become part of GE HealthCare’s PDx segment and will continue to serve customers as an independent manufacturing partner.
SOFIE makes and delivers the radiopharmaceuticals that hospitals and imaging centers use for PET scans. It runs a U.S. network of 15 contract manufacturing sites operating 21 cyclotrons, plus a theranostics-focused contract development and manufacturing site. The deal also gives GE HealthCare the U.S. rights to FAPI-74, a Phase III PET radiotracer with pan-cancer imaging potential. Patrick Phelps, SOFIE’s co-founder, president and CEO, said joining GE HealthCare comes as demand for F18 products continues to grow. BofA Securities, Consello Financial and Solomon Partners advised GE HealthCare.
73 Strings Acquires Callisto
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73 Strings, a valuation and portfolio-monitoring platform for alternative asset managers, has acquired Callisto. Callisto sells software that uses artificial intelligence to review data rooms, answer due diligence questionnaires and draft investment memos for European private equity and private credit firms. The company is based in Paris.
Callisto co-founders Charles Farhat and William Profit join 73 Strings as co-heads of AI product. New York-based 73 Strings raised a $55 million Series B in February 2025 led by Goldman Sachs Alternatives, with Blackstone Innovations Investments, Golub Capital and Hamilton Lane among its other investors. CEO Yann Magnan said AI sits at the core of the platform.
NorthCoast Mezzanine Invests in Lake Street’s HighPoint Exterior
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NorthCoast Mezzanine has provided subordinated debt and an equity co-investment to HighPoint Exterior Home Services, a portfolio company of Lake Street Capital Partners, to support its acquisition of Five Points Roofing. HighPoint owns local roofing and exterior-services companies that replace roofs and handle other exterior work for homeowners in Tennessee and North Carolina. It is based in Chicago.
Five Points, founded in 2010 and based in Franklin, Tenn., handles roof replacement and insurance-restoration work across the greater Nashville area and gave HighPoint, formed in 2025, its entry into Tennessee. NorthCoast, based in Minneapolis, provides subordinated debt and equity to lower middle-market companies backed by private equity sponsors to finance buyouts, add-on acquisitions, recapitalizations and growth. Chicago-based Lake Street invests in family- and founder-owned companies.
Providus’ Wold Architects Acquires Klein McCarthy Architects
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Wold Architects and Engineers, a portfolio company of Providus Capital Partners, has acquired Klein McCarthy Architects. Klein McCarthy designs courthouses, jails, law enforcement centers and other government buildings for counties and public agencies and has completed more than 90 justice projects in Minnesota and nearby states. The firm is based in St. Louis Park, Minn.
Klein McCarthy was founded in 1977. Wold, founded in 1968 and based in Minneapolis, provides planning, architecture and engineering services, with more than 370 staff in offices in Minnesota, Illinois, Colorado, Tennessee and Indiana. Detroit-based Providus, founded in 2022, invests in architecture, engineering and construction services firms across North America. Generational Group advised Klein McCarthy. The transaction closed Aug. 31.
New State Capital’s The Expo Group Acquires toddstreet
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The Expo Group, a portfolio company of New State Capital Partners, has acquired toddstreet, a creative experiential agency. The agency plans and produces product launches, sales meetings, summits and training programs for companies in healthcare, biotech, pharmaceuticals and fintech, where event content must meet strict regulatory requirements. The Expo Group is based in Dallas.
The Expo Group designs trade show exhibits and runs corporate events, and the deal gives it a single experiential marketing platform spanning exhibits, live events, and learning and development programs. toddstreet founder and CEO Todd Street said the combination gives his teams more resources, and Chris Cavanaugh, president of corporate at The Expo Group, will oversee the integration. New State principal Adam McDowell said the agency broadens what the platform can offer clients. The transaction closed in September.
Renovus’ CloudFirst Acquires Forvis Mazars’ Managed IT Practice
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CloudFirst, a portfolio company of Renovus Capital Partners, has acquired the IT and cyber managed-services practice of accounting and advisory firm Forvis Mazars. CloudFirst hosts, secures and runs business-critical computer systems for its clients, including IBM i, AIX, Linux and Windows workloads, and handles data backup, disaster recovery and day-to-day IT support. The company is based in Melville, N.Y.
The acquired team adds depth in Microsoft Azure and cybersecurity and gives CloudFirst a formal service desk offering; Ben Doane joins from the practice as senior vice president of cybersecurity. CEO Wayne Kiphart said the deal widens the range of client problems CloudFirst can take on. Renovus, founded in 2010 and based in the Philadelphia area, invests in lower middle market companies in the knowledge and talent industries and manages more than $2 billion.
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Arlington’s AVS Bio Acquires Biorbyt
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AVS Bio, a supplier of bioprocessing inputs owned by Arlington Capital Partners, has acquired Biorbyt, a supplier of research reagents. Biorbyt sells more than 1 million antibodies, proteins, ELISA kits and molecular biology products through its e-commerce platform to pharmaceutical and biotech companies and academic institutions worldwide. Founded in 2011, the company is based in Cambridge, U.K.
Biorbyt will continue to operate under its existing leadership, including co-founders Tillmann Ziegert and Qun Yang, as part of AVS Bio. Headquartered in Norwich, Conn., AVS Bio makes specific-pathogen-free eggs, cell products, antibodies and proteins at more than 20 facilities in North America and Europe. AVS Bio CEO Jac Price said the deal moves the company toward becoming a diversified global biomaterials provider, and Arlington partner Malcolm Little said Biorbyt will broaden AVS Bio’s product offering. Arlington is based in Washington, D.C.
Bertram’s Ridgeline Roofing Acquires Advantage Roofing & Exteriors
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Ridgeline Roofing & Restoration, a roofing platform owned by Bertram Capital, has acquired Advantage Roofing & Exteriors, its eighth acquisition. Advantage installs and repairs roofs, puts up siding, gutters and decks, and restores homes and buildings after storm damage for homeowners and businesses. The company is based in Kalamazoo, Mich., and serves Southwest Michigan.
Tim Brown founded Advantage in 1998. Ridgeline, which provides residential and commercial roofing and restoration services, has offices in Alabama, Tennessee and Georgia. Ridgeline CEO Chris Baldus said Advantage is the kind of founder-led operator with a loyal customer base the company likes to partner with, and Zach Bassi, a vice president at Bertram, said the firm will support the Advantage team as it extends its reputation across Southwest Michigan. Bertram, based in Foster City, Calif., invests in lower middle-market companies and has raised more than $4 billion in capital commitments since 2006.
EQT Infrastructure’s Osmose Acquires Alamon’s Utility Services Division
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Osmose, a utility infrastructure services company owned by EQT Infrastructure, has acquired the assets of the utility services division of Alamon. The division assesses the condition of wooden utility poles using non-destructive technology and operates Alatrac, a cloud-based software platform that uses GIS mapping and AI data analysis to help utilities optimize their grids. Alamon is based in Kalispell, Mont.
The division’s specialist team joins Osmose along with the Alatrac platform. Osmose CEO Mike Adams said pairing the team’s software with Osmose’s technical expertise and industry experience will let the company do more for utilities. Founded in 1934 and headquartered in Atlanta, Osmose serves electric utilities and telecommunications companies and employs more than 7,000 people across the U.S., Canada, the U.K., Europe, India, Australia and New Zealand.
GHK Capital’s WSB Acquires Poly
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WSB, a design and consulting firm owned by GHK Capital Partners, has acquired Poly, an architecture and engineering firm. Poly designs buildings, civil and environmental projects and military facilities for municipalities, public agencies and government clients, provides geological and hydrogeological services, and has designed more than 130 military training ranges in the U.S. and overseas. Poly is headquartered in Dothan, Ala., with offices in Birmingham, Ala., and Shalimar, Fla.
Founded in 1959, Poly is led by president Bruce Bradley. Minneapolis-based WSB provides engineering, community planning, environmental and construction services from more than 50 offices with more than 1,800 staff. WSB CEO Bret Weiss said the deal adds to the firm’s municipal, environmental and federal design capabilities. GHK, based in Greenwich, Conn., makes control investments in North American industrial companies.