Platform Investments

IMB Partners Invests in Strategic Land Services. IMB Partners, a private equity firm focused on utility and infrastructure services, completed a growth investment in Strategic Land Services, a Georgia-based heavy civil contractor that provides site preparation and infrastructure services for electric utility projects, including substations and transmission lines. The investment will support SLS’s expansion across the Southeast and help build a broader utility infrastructure platform.

Odyssey Takes Majority Stake in TransPak. Odyssey Investment Partners made a majority investment in TransPak, a global provider of packaging engineering, logistics, testing, and supply chain solutions serving data center, semiconductor, aerospace, defense and medical customers. The investment is intended to support TransPak’s next phase of growth as demand rises for AI infrastructure, advanced semiconductors and high-performance computing.

Morgan Stanley Infrastructure Acquires Majority Stake in Nicollin Environnement. Morgan Stanley Infrastructure Partners (MSIP) agreed to acquire a majority stake in Nicollin Environnement, a family-owned French environmental services company focused on waste collection and sorting, street cleaning, and water-related solutions. The Nicollin family will retain an ownership stake as MSIP supports fleet modernization, decarbonization, and future growth initiatives.

Lightyear Takes Majority Stake in Prosperity Partners. Lightyear Capital has agreed to make a majority growth investment in Prosperity Partners, a Chicago-based provider of tax advisory, client accounting and transaction support services for high-net-worth individuals, family offices and entrepreneurial businesses. Existing investor Unity Partners will retain a minority stake, while Lightyear plans to support continued organic growth and strategic M&A initiatives.

Add-ons

Bregal’s Juniper Landscaping Announces Two Add-ons. Juniper Landscaping, which is backed by Bregal Partners, announced two add-on acquisitions. The firm acquired Central Florida Lake Management, operating as Compass Environmental, and Aquatic Weeds. Both provide aquatic maintenance and shoreline restoration services.

Align Capital’s Marco Sealing Solutions Acquires Rocket Seals. Marco Sealing Solutions, a global supplier of specialty rubber, plastic and metal sealing components backed by Align Capital Partners, acquired Rocket Seals, a Denver-based distributor of O-rings and sealing products for MRO and OEM customers. The add-on expands Marco’s industrial sealing capabilities and customer reach across markets such as aerospace, oil and gas, medical equipment, and water treatment.

H.I.G.’s OB Streem Acquires Med Frigo. OB Streem, a European logistics platform backed by H.I.G. Capital, acquired Med Frigo, a provider of temperature-controlled transportation and logistics services focused on Greece’s aquaculture export market. OB Streem operates a broad logistics platform spanning cold storage, freight forwarding, and transportation services, and the acquisition expands its refrigerated logistics capabilities and geographic footprint.

Exits

Presidio Investors Exits ElevATE Semicondusctor. Presidio Investors announced the sale of ElevATE Semiconductor, a fabless designer of low-power, high-density integrated circuits used in automated test equipment (ATE), to publicly traded Diodes Incorporated in an all-cash transaction valued at $250 million. Presidio first invested in the company in 2018.

EMG Exits Traverse Midstream Partners to 2PointZero’s ePointZero. 2PointZero subsidiary ePointZero, a specialized energy infrastructure platform, completed its $2.25 billion acquisition of Traverse Midstream Partners from energy-focused private equity firm Energy & Minerals Group (EMG). Traverse holds interests in critical U.S. natural gas infrastructure assets, including stakes in the Rover Pipeline and Ohio River System serving the Utica and Marcellus basins.

Investor Group Exits PANTHERx Rare to Warburg Pincus-Led Group. A Warburg Pincus-led investor group agreed to acquire a controlling interest in PANTHERx Rare, the largest independent rare-disease specialty pharmacy in the U.S., from Nautic Partners, General Atlantic, and The Vistria Group. PANTHERx specializes in helping patients access and remain on therapies for rare and orphan diseases through high-touch pharmacy and patient-support services.

Audax, Linden Capital Exit StatLab. Audax Private Equity and Linden Capital Partners have agreed to sell StatLab Medical Products, a manufacturer of pre-analytical products used throughout the anatomic pathology workflow, to Leica Biosystems, a Danaher company focused on cancer diagnostics and pathology solutions. During the firms’ ownership, StatLab expanded globally and completed nine strategic acquisitions to broaden its manufacturing capabilities and product portfolio.

VSS Exits Centroid Systems. VSS Capital Partners announced the successful exit of Centroid Systems, a technology services company that provides Oracle Cloud infrastructure, managed cloud services and enterprise consulting solutions to middle-market and enterprise customers. Financial terms and the identity of the buyer were not disclosed, though VSS said the investment resulted in a tripling of revenue and EBITDA during its holding period.

CCMP Capital, Alberta Investment Exit BGIS to Veritas. Veritas Capital has agreed to acquire BGIS from CCMP Capital Advisors and Alberta Investment Management Corporation (AIMCo). BGIS is a global provider of technology-enabled integrated facilities management services, combining engineering expertise with a proprietary digital platform to manage more than 65,000 facilities for public- and private-sector clients worldwide.

Strategics

Grant Thornton UK Expands M&A Advisory with Fairgrove Buy. Grant Thornton UK acquired Fairgrove, a strategic management consultancy specializing in strategy consulting, transaction support, and commercial due diligence. The acquisition expands Grant Thornton’s Deals Advisory practice and enhances its ability to serve private equity and corporate clients across the deal lifecycle, from diligence through value creation.

Fundraising

HarbourVest Closes $4.75 Billion Co-Investment Fund. HarbourVest Partners, a private markets asset manager, has closed its HarbourVest Partners Co-Investment Fund VII Program with $4.75 billion in capital commitments. The fund, which exceeded its $4 billion target, will offer investors with direct co-investment opportunities across buyout and growth equity strategies.

Citation Capital Raises $1.2 Billion. Private equity firm Citation Capital has closed its inaugural fund, Citation Fund I. The firm secured $1.2 billion in capital commitments, surpassing its initial $1.1 billion goal. Citation will continue its investment focus on the services, industrials, and consumer sectors, a press release said.

Insights

Clearlake Capital Partners with Databricks, West Monroe for AI Adoption. Clearlake Capital announced a strategic partnership with data analytics platform Databricks and AI consulting firm West Monroe. The collaboration is aimed at advancing AI adoption across Clearlake’s portfolio companies.

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.