PE Weekly: Technical, Specialized Services Drive Dealmaking
Highly specialized tech-enabled services businesses fuel dealmaking this week, with service providers operating in the data center, defense and intelligence, industrials, and other end markets.
Platform Investments
Kohlberg Acquires Majority Stake in Loenbro. Middle-market private equity firm Kohlberg has invested in Loenbro, a provider of data center and critical infrastructure services. Kohlberg will acquire a majority stake in the business, while Braemont Capital and Loenbro’s management team will retain their equity interests.
Godspeed Capital Invests in NextPoint Group. Godspeed Capital Management, a defense and government services and technology-focused lower middle-market private equity firm, has invested in NextPoint Group. NextPoint provides technology and mission enablement solutions for the intelligence and defense sectors. The investment establishes Godspeed’s New Mission Technology platform.
SK Capital Invests in Swixx BioPharma. SK Capital Partners, a private investment firm focused on life sciences, specialty materials, and ingredients, has invested in Swixx BioPharma AG. The company provides pharmaceutical commercialization services; the transaction values Swixx at more than $1.77 billion.
One Equity Acquires Montanhydraulik. Middle-market private equity firm One Equity Partners has reached an agreement to acquire Germany-based Montanhydraulik. The company provides hydraulic cylinder solutions for applications in various heavy-duty industries.
H.I.G. Capital Acquires Shore Excursions. Alternative investment firm H.I.G. Capital has completed its acquisition of Shore Excursions Group. The company provides onshore tours and excursions for cruise passengers.
Slate, Hamilton Lane Acquire Cold Storage Platform. Slate Asset Management, a real estate and infrastructure investor, and Hamilton Lane, a private markets investment firm, have acquired a majority stake in Cold-Link Logistics. The company is a cold storage platform.
Godspeed Capital Acquires NextPoint Group. Godspeed Capital Management, a defense and government services and solutions private equity firm, has invested in NextPoint Group. The company provides technology and mission enablement solutions for the intelligence and defense sectors.
Add-Ons
Renovus Capital’s Aretum Acquires Veterans Engineering. Technology, engineering, and professional services provider Aretum, which services federal agencies, has acquired Veterans Engineering. The company services the U.S. Department of Veterans Affairs and other federal clients with technology solutions. Aretum is backed by Renovus Capital Partners.
Trivest Launches Lunchline Youth Brands, Acquires LeafSpring. Trivest Partners has partnered with investment firm Lunchline Partners to form Lunchline Youth Brands, a platform focused on early education and youth enrichment franchisors. In addition to announcing the platform’s launch, Trivest also announced the platform’s growth investment in LeafSpring Schools, a franchisor of early education schools and summer camp programs.
Iron Path’s PRO-SET Acquires Wessex Resins and Adhesives. PRO-SET Formulated Resin Systems, backed by Iron Path Capital, has acquired Wessex Resins and Adhesives. The acquisition enhances PRO-SET’s formulation and manufacturing capabilities.
Capstreet’s The Colt Group Acquires Garrison Enterprise. The Colt Group, a provider of on-line industrial leak repair solutions, has acquired Garrison Enterprise. Garrison provides critical line intervention services. The Colt Group is backed by Capstreet.
The Riverside Company’s Vomela Acquires Moss. The Riverside Company-backed Vomela, a provider of graphic solutions, engineering, project management, and other services, has acquired Moss. The company produces premium event and retail graphics, custom installation, and other brand services. EagleTree Capital exited its stake in Moss as part of the transaction.
Rockbridge Growth’s ProSites Acquires GeniusVets. ProSites, a provider of marketing and website services for dental, veterinary, accounting, and legal practices, has acquired GeniusVets. ProSites will merge its LifeLearn brand with GeniusVets to offer digital marketing and client communication services to veterinary practices. ProSites is backed by Rockbridge Growth Equity.
Exits
CenterOak Exits Turf Masters. CenterOak Partners has sold Turf Masters Brand, according to a recent announcement. The business provides residential lawn, tree, and shrub care services. Wind Point Partners’ ExperiGreen Lawn Care acquired the company.
One Equity’s EthosEnergy Exits A&D Business. One Equity Partners-backed EthosEnergy will divest its aerospace and defense business, according to a press release. EthosEnergy provides rotating equipment solutions to the power, oil and gas, industrial, and aerospace markets. It is selling its Ethos A&C business to HEICO Corporation subsidiary Wencor Group.
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.
