Platform Investments

Alfar Capital Backs 1-800-Radiator. Canada-based private equity firm Alfar Capital announced a partnership with 1-800-Radiator & A/C (Canada), an operator of the 1-800-Radiator network in Canada. The investment will fuel growth of the national distributor of aftermarket heat exchangers, air conditioning, missions, and rotating electrical vehicle parts.

H.I.G. Capital Acquires TERRAS. Global alternative investment firm H.I.G. Capital announced it reached an agreement to acquire a majority stake in TERRAS Group, according to a recent press release. TERRAS is a Germany-based provider of infrastructure engineering and construction services to the mobility, energy, digital, water, and urban development sectors.

Unity Partners Invests in Meaden & Moore Advisors. Unity Partners announced this week it completed an investment in the advisory services businesses of Meaden & Moore Advisors. The professional services firm provides forensic services to the insurance and legal sectors, as well as accounting services to small and midsized businesses.

Frazier Healthcare to Take MatrixCare Private. Healthcare-focused private equity firm Frazier Healthcare Partners announced it reached an agreement to acquire MatrixCare. The transaction carves out the electronic health records (EHR) software provider from publicly listed parent company Resmed.

Shore Capital Acquires ThrivePass. Shore Capital Partners, a healthcare-focused private equity firm, has acquired ThrivePass, according to an announcement this week. The company provides employee benefits administration technology for employers.

Add-ons

Allied Industrial’s Mat Tech Acquires Hook Set. Mat Tech Industrial Services, a provider of waste, hauling, and industrial services, has acquired Hook Set Transportation, an industrial hauling company. Mat Tech is backed by Allied Industrial Partners.

Renovus-Backed TJP Acquires FX2 Virtual. TJP, an agency that specializes in creative and digital solutions for pharmaceutical and biotech patient and market access teams, has acquired FX2 Virtual. The business specializes in life sciences commercial operations. TJP is a portfolio company of Renovus Capital Partners.

Exits

First Reserve Exits Dresser Utility to Blackstone. Blackstone Energy Transition Partners, the energy-focused private equity strategy of Blackstone, has reached an agreement to acquire Dresser Utility Solutions from First Reserve. Dresser provides natural gas and water measurement, control, and infrastructure equipment solutions.

Bruin Capital Exits Full Swing to Versant Media. Versant Media Group announced this week that it reached an agreement to acquire Full Swing from its previous sponsor, Bruin Capital. Full Swing is a sports technology company providing hardware and integrated software used by athletes, coaches, commercial venues, and consumers.

Insights

Valeon Partners Launches Operations as Middle-Market Bank. Valeon Partners has launched as a new merchant bank targeting the middle market with a focus on family offices and middle-market private equity sponsors. A press release noted Valeon’s debut is in partnership with holding company Leon Capital Group.

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.