PE Weekly: Business Services Retains its M&A Strength
Human resources, life safety, and waste management service providers drive dealmaking
Platform Investments
Kingswood Capital Acquires Safran Passenger. Kingswood Capital Management announced recently that it completed its acquisition of Safran Passenger Innovations, a provider of in-flight entertainment and connectivity solutions. Kingswood carved the company out of its parent company, Safran, an international aerospace group, and renamed the business to RAVE Aerospace.
H.I.G. Capital Acquires CargoTuff. Alternative investment firm H.I.G. Capital has acquired CargoTuff, a manufacturer and distributor of load securement products, according to a recent press release. CargoTuff manufactures dunnage airbags, lashing, strapping, and related products for the rail, ocean, truck, and intermodal shipping markets.
Trinity Hunt Partners Launches Workforce Services Platform. Trinity Hunt Partners announced this week the formation of Allvia, a workforce services platform, following its acquisition of Melita Group, a human resources and payroll provider. Allvia will provide scalable HR and benefits services.
KPS Capital to Acquire Wells Companies. KPS Capital Partners announced it reached an agreement to acquire The Wells Companies, a designer, manufacturer, and installer of above-grade architectural and structure precast concrete solutions. The transaction is expected to be completed in the first quarter of 2026.
One Equity Acquires Bozzetto Group. One Equity Partners, a middle-market private equity firm, has reached an agreement to acquire Italy-based Bozzetto Group. Bozzetto provides sustainable chemical solutions to the textile, agricultural, plasterboard, personal care, and water treatment markets.
MSCP Acquires World 50. Morgan Stanley Capital Partners (MSCP), the middle-market private equity team of Morgan Stanley Investment Management, has acquired World 50. The company provides private peer communities comprised of senior level executives.
Add-Ons
Allied Industrial’s Liberty Waste Acquires AJ Disposal. Allied Industrial Partners announced recently that its portfolio company Liberty Waste Solutions has acquired AJ Disposal. The investment expands Liberty Waste’s footprint in North Carolina.
Monogram Capital’s Vasco Group Acquires Schubert Tennis. Monogram Capital Partners-backed The Vasco Group has acquired Schubert Tennis, according to a recent announcement. The Vasco Group, majority owned by Monogram, provides sports surfacing solutions. Schubert is an asphalt and clay tennis, pickleball, and multi-sport court services provider.
Agellus Capital Adds Crux Consulting to Bluejack. Agellus Capital announced this week its acquisition of Crux Consulting, a fire and life safety design, engineering, and consulting provider servicing federal, commercial, and critical energy and industrial facilities. The business will join existing portfolio company Bluejack Fire & Life Safety, the announcement said.
Levine Leichtman’s All4 Acquires Tora. All4, a provider of strategic consulting services backed by Levine Leichtman Capital Partners, has announced its acquisition of Tora Consulting. The company is an environmental and engineering advisory firm.
Exits
Court Square Exits Kodiak Building Partners. Court Square Capital Partners has exited Kodiak Building Partners to publicly listed QXO, Inc. for approximately $2.25 billion, a recent press release said. Kodiak is a U.S. distributor of lumber, trusses, windows and doors, construction supplies, and other related products and services.
Insights
A1A Investment Partners, MPowered Capital Form Strategic Partnership. Private credit firm A1A Investment Partners, which is focused on the healthcare industry, and MPowered Capital, an investment firm providing capital solutions for emerging managers, have announced a strategic partnership. Their collaboration will see MPowered serve as a seed investor for A1A to accelerate its investment in the U.S. lower-middle market.
P10 Enters Lower-Midmarket Lending with Stellus Buy. P10, a private markets solutions provider, has acquired direct lender Stellus Capital Management. The investment expands P10’s footprint into the lower-middle market with senior secured loans.
Ferghana Partners with New Catalyst for Hybrid Midmarket Lending. Middle-market hybrid capital firm Ferghana Investment Partners announced this week its partnership with New Catalyst Strategic Partners. The collaboration provides Ferghana with capital and support to scale its hybrid capital platform.
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.
