Permanent Equity Acquires Majority Stake in Chance Rides

RumbleOn Acquires RideNow to Create Omnichannel Powersports Platform

August 31, 2021

E-Commerce

RumbleOn, Inc. completed the acquisition of RideNow, acquiring 100% of the RideNow dealership portfolio to form a combined omnichannel powersports platform. The transaction consideration is up to $575.4 million (approximately $400.4 million cash and $175.0 million in RumbleOn Class B common stock) and was financed in part by a $280.0 million term loan commitment from funds managed by Oaktree Capital Management; the combined pro forma business sold more than 63,000 units in 2020 and generated approximately $1.3 billion in revenue.

Roebling Capital Partners Acquires The Porch Swing Company

July 22, 2022

E-Commerce

Roebling Capital Partners acquired The Porch Swing Company, a direct-to-consumer e-commerce retailer of porch swings and outdoor furniture. The transaction was financed with unitranche debt and a co-investment from Brookside Capital Partners, with additional funding from Harbert Credit Solutions and several individual co-investors.

Sunrise Medical Acquires Ride Designs

October 2, 2023

Medical Devices

Sunrise Medical has completed the strategic acquisition of Ride Designs, a Denver-based maker of premium custom wheelchair seating systems. The deal expands Sunrise Medical’s seating and positioning portfolio, bringing Ride Designs’ clinical expertise, Aspen Seating Clinic services and advanced 3D printing capabilities into Sunrise’s global mobility platform.

Carousel Capital Recapitalizes Reliance Partners

August 29, 2022

Insurance

Carousel Capital partnered with Reliance Partners' management and existing investor Lamp Post Group to recapitalize Reliance Partners, a Chattanooga-based commercial insurance broker focused on the transportation industry. The recapitalization will provide capital and strategic support to help Reliance scale its premium volume (nearly $500 million today) and pursue its goal of exceeding $1 billion in gross written premiums.

Lee Equity Partners Makes Majority Investment in PCS Retirement

March 4, 2024

Financial Services

Lee Equity Partners has acquired a majority interest in PCS Retirement, a Philadelphia-based retirement plan recordkeeper; as part of the transaction, prior investor LLR Partners will exit and Scott David will join PCS as CEO. The investment is intended to accelerate new business sales, expand relationships, enhance digital and service capabilities, and support PCS's M&A strategy; terms were not disclosed.

Providence Equity Partners Makes Minority Investment in Populous Holdings

October 17, 2023

Engineering Services

Providence Equity Partners has made a strategic minority investment in Populous Holdings, a global architectural and design firm specializing in sports and entertainment venues. The capital will support Populous’ continued growth, expansion of service offerings and geographic reach while existing leadership, including Founder and Global Chair Earl Santee, remains in place.