PE Weekly: Residential Services Leads Slow M&A Week

Platform Investments

SEVA Backs Teleskope Technologies. SEVA Growth LP, a growth equity firm focused on technology-enabled businesses, has invested in Teleskoke Technologies, an employee experience platform for large enterprises. The software company will use the backing to enhance employee engagement capabilities.

Ares Acquires Majority Stake in Landscape Workshop. Ares Private Equity has acquired a majority stake in Landscape Workshop, a grounds maintenance provider operating in the Southeast. Landscape Workshop will use the backing to expand its geographic footprint in the region, support strategic acquisitions and focus on customer growth.

Add-Ons

HighPost’s Front Row Acquires Build in Amsterdam. Front Row, an e-commerce agency and digital marketing service provider, has acquired Build in Amsterdam, according to a recent press release. Build in Amsterdam is a Shopify design agency that builds digital flagship stores. For premium brands. Front Row is backed by HighPost Capital and Charlesbank Capital Partners.

Thoma Bravo’s Coupa Acquires Cirtuo. Coupa, an AI-native enterprise spend management solution provider, has acquired Cirtuo, a Croatia-based AI-powered category management solution provider. The investment enhances Coupa’s spend management capabilities. Coupa is backed by Thoma Bravo.

Blue Point’s Pinnacle MEP Acquires Hammans Electric. Pinnacle MEP, a trade services platform focused on HVACR, electrical and plumbing service providers, has acquired Hammans Electric, an electrical contractor operating in the Indianapolis area. The investment marks the second add-on for Pinnacle since receiving backing from Blue Point Capital Partners last year.

Thompson Street’s PestCo Acquires Innovative Pest Control. PestCo, a pest control service provider for residential and commercial customers, has acquired Innovative Pest Control, according to a recent press release. PestCo is backed by Thompson Street Capital Partners.

Exits

LKCM Exits Relevant Industrial to Fusion Capital. Fusion Capital Partners, a private investment firm that focuses on engineered products and services in the industrial space, has acquired Relevant Industrial. The business provides industrial equipment and engineered solutions. Fusion acquired a majority stake in the business from LKCM Headwater Investments, which will retain a minority stake.

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