Morgan Street Holdings Acquires Continental Services from New Heritage Capital

HeartLand (Sterling portfolio company) Acquires Heritage Landscape Services, Landscape Concepts Management and Snowmen365

December 12, 2019

Environmental Services

Sterling Investment Partners’ portfolio company HeartLand, LLC acquired three commercial landscape and facilities services providers — Heritage Landscape Services, Landscape Concepts Management and Snowmen365 — expanding HeartLand’s footprint in Washington, D.C., Chicago and Kansas City. The acquisitions are add-ons to HeartLand’s multi-market platform as Sterling continues to grow the company since its initial investment in 2019.

H.I.G. Capital Acquires Continental Batteries

January 21, 2021

Logistics & Distribution

H.I.G. Capital (through an affiliate) completed the acquisition of Continental Battery Holding Corp., a Dallas-based distributor of aftermarket batteries serving automotive, electric utility vehicle, commercial, marine and industrial markets. The transaction was financed in part by Ares Management and represents a platform buyout intended to accelerate growth via acquisition and market consolidation; Continental's existing management will remain in place.

New Mountain Capital Acquires Horizon Group Holdings from Sun Capital Affiliate

November 13, 2019

HVAC & Mechanical

New Mountain Capital has acquired Horizon Group Holdings, LLC (Horizon Services) from an affiliate of Sun Capital Partners. Horizon, a Newark, Delaware-based residential provider of heating, air conditioning, plumbing, and electrical services with a ~1,400-employee team, will remain managed by founder Dave Geiger and management, and will use New Mountain's capital and resources to accelerate organic and acquisition-led growth.

Biscuit International Acquires Continental Bakeries

October 22, 2021

Food & Beverage

Biscuit International, a Platinum Equity-backed European private‑label biscuit manufacturer, has agreed to acquire Continental Bakeries from its majority shareholder Goldman Sachs Asset Management. The deal brings Continental’s 13 production facilities and more than 2,300 employees into Biscuit International, strengthening the combined group's product portfolio and pan‑European footprint; completion was anticipated in H1 2022 subject to customary approvals.

Investcorp, China Resources and Fung Strategic Invest in Heritage Foods

June 30, 2021

Food & Beverage

Investcorp, in partnership with China Resources and Fung Strategic Holdings, announced an investment in Heritage Foods through its Asia Food Growth Fund I to support Heritage Foods as a buy-and-build platform for condiments and sauces across Asia. Heritage Foods is headquartered in Hong Kong, operates regional offices and manufacturing in Japan, Singapore and Malaysia, employs over 300 people, and owns historic brands such as Hamada Shoyu, Bidor Kwong Heng and Woh Hup Food. The investment is intended to back Heritage Foods’ bolt-on acquisition strategy and international expansion into retail and foodservice channels.

BMS CAT Acquires Legacy Services Corp.

December 12, 2024

Environmental Services

BMS CAT, a division of Blackmon Mooring, has acquired Legacy Services Corp., a Minneapolis-based restoration and environmental cleaning company. The deal expands BMS CAT's commercial and residential restoration and HVAC/cooling-tower cleaning capabilities in the Upper Midwest and is the company's 12th acquisition in the past four years.