PE Weekly: Consumers Come Back into Focus for Dealmakers
Retail, consumer products, and consumer-adjacent service providers drive M&A volume
Platform Investments
Gordon Brothers Acquires Chinese Laundry. Retail-focused investment firm Gordon Brothers Group acquired Chinese Laundry, according to a recent press release. The women’s footwear company was acquired from CELS Brands.
OceanSound Acquires Automated Financial Systems. OceanSound Partners, a technology-focused private equity firm, has acquired Automated Financial Systems (AFS). The company provides commercial loan servicing and loan lifecycle management technology to the financial services sector.
Amberjack Invests in CIMA Services. Amberjack Capital Partners, a private equity firm focused on critical infrastructure services, has announced its investment in CIMA Services. The company provides waste management, environmental remediation, and industrial services across the Gulf Coast and other U.S. markets.
Kinderhook to Take Enhabit Private. Kinderhook Industries, a middle-market private equity firm, has entered into an agreement to acquire home healthcare and hospice provider Enhabit. The take-private deal is an all-cash transaction that values the company at $1.1 billion.
Topspin Invests in Grid. Topspin Consumer Partners, a private equity firm focused on the consumer sector, has invested in Grid. The company is a sports flooring and locker manufacturer for fitness, athletic team sports, and health and wellness facilities customers.
BayHawk Capital Backs Gridco. BayHawk Capital, a private equity firm focused on essential services and technology, has provided a strategic growth investment in Gridco. The company provides maintenance, upgrade, and construction services to electric utilities.
Hamilton Lane, Braemont Capital, Delta-v Partner for VFN Investment. VFN Holdings, a provider of fiber infrastructure and broadband internet, announced this week it received a $500 million non-control growth equity investment. Hamilton Lane, Braemont Capital, and Delta-v Capital partnered on the investment.
GHK Capital Acquires CPL. GHK Capital, a middle-market private equity firm, has acquired CPL. The company provides architecture, engineering, and consulting services for the built environment, operating across eight states.
Wynnchurch Carves Out Marine Products from Arcosa. Wynnchurch Capital, a middle-market private equity firm, announced this week it reached an agreement to carve out the marine products business of Arcosa. The deal takes Arcosa Marine private and establishes the marine components manufacturer as a standalone platform.
Add-ons
Renovus Capital’s Definian Acquires Incite. Definian, a data solutions provider, is strengthening its advanced analytics and artificial intelligence capabilities with the acquisition of Incite Analytics. The company provides data transformation solutions to build digital intelligence platforms.
Hidden River’s Somersault Broadens The Little Gym Footprint. Somersault, the largest franchisee of The Little Gym youth enrichment program, has expanded its footprint with the brand through the acquisition of six additional locations. Somersault is backed by Hidden River Strategic Capital and Taurus Capital Partners.
Exits
Gemspring Exits Security 101 to MSCP. Gemspring Capital, a middle-market private equity firm, has exited Security 101 to Morgan Stanley Capital Partners (MSCP). Security 101 is a provider of commercial security integration solutions, including access control, video surveillance, and intrusion detection.
Middle Market Growth is produced by the Association for Corporate Growth. To learn more about the organization and how to become a member, visit www.acg.org.
