Platform Investments

Avem Acquires PAMCO. Private equity firm Avem Partners, which targets aerospace and defense companies in the lower-middle market, has acquired Precision Aircraft Machining Company (PAMCO). The investment establishes Avem’s highly engineered precision manufacturing platform.

Catchment Capital to Acquire Isolatek. Industrials-focused Catchment Capital has reached an agreement to acquire Isolatek, a manufacturer of fireproofing technologies. Catchment will acquire the company from SK Capital, a press release noted.

Grovecourt Capital Backs Guide Architecture. Private equity firm Grovecourt Capital has invested in Guide Architecture, a recent announcement said. Guide is a healthcare-focused architecture and planning firm.

Sumeru Equity Leads Investment in K1x. Sumeru Equity Partners has acquired a majority stake in K1x, a private markets tax data platform, according to a recent announcement. K1x secured a $175 million investment led by Sumeru with participation from existing backer Edison Partners.

SK Capital Acquires Brothers International. Private investment firm SK Capital, which targets specialty ingredients, material sciences, and life sciences, has acquired Brothers International Food Holdings. The company provides natural fruit ingredients and products for the food and beverage sector. SK acquired the business from Benford Capital Partners.

Add-ons

Revelar’s Steele Acquires Maysteel. Steel Solutions, an engineered solutions provider servicing the material handling sector, has acquired Maysteel Industries, a provider of custom enclosures, hot aisle containment, and precision fabricated solutions. Steele is backed by Revelar Capital, a private equity firm focused on manufacturing, healthcare services, and essential services.

Excelsior Energy Capital’s Lydian Acquires Hanwha Assets. Lydian Energy, a power producer specializing in power infrastructure projects, has acquired a portfolio of solar energy storage assets from Hanwha Renewables. Lydian is sponsored by Excelsior Energy Capital, a clean energy investor.

Renovus Capital’s F2 Strategy Acquires Meradia. F2 Strategy, a digital transformation services provider to the global wealth and asset management industries, has acquired Meradia, an investment management operations and technology consulting business. F2 Strategy is majority owned by Renovus Capital Partners.

WindRose Health’s Stellus Rx Acquires Tria Health. Stellus Rx, a pharmacy care management platform, has acquired Tria Health, a pharmacist-led chronic condition support provider servicing self-insured employers. Stellus Rx is backed by WindRose Health Investors.

WindRose Health’s Veristat Carves out Certara Assets. Veristat, a CRO and consultancy servicing the drug development industry, has acquired the regulatory and medical writing business of Certara. Veristat is a portfolio company of WindRose Health Investors.

Bessemer’s Tencarva Acquires WWaterTech. Tencarva Machinery Company, a distributor and service provider of flow control and process equipment solutions, has acquired WWaterTech Services. The business is a manufacturer’s representative for water and wastewater equipment manufacturers and system suppliers. Tencarva is backed by Bessemer Investors.

Strategics

Waterloo Capital Invests in Allied Portfolio Management. RIA Waterloo Capital announced this week it acquired an equity stake in wealth management firm Allied Portfolio Management. The combined practice will operate under the Waterloo Capital name and enhance its suite of services, including institutional asset management, financial planning, and family office situations.

Exits

One Rock Exits North Pacific Paper to Strategic Buyer. One Rock Capital Partners reached an agreement to sell North Pacific Paper Company, a recent press release said. Publicly listed International Paper, a sustainable packaging solutions provider, will acquire the company.

Fundraising

Achieve Partners Raises $450 Million. Achieve Partners, a private equity firm focused on learning and workforce development, has closed Achieve Partners Workforce II with $450 million raised. The fund will focus on building apprenticeship programs to accelerate growth in sectors facing talent shortages.

ACG Insights is produced by the Association for Corporate Growth. To learn more about the organization and how to become a member, visit www.acg.org.