Madison River Capital Recapitalizes and Invests $70M in JDC Power Systems

River Associates Investments Acquires JBC Technologies

January 31, 2020

Manufacturing

River Associates Investments, a Chattanooga-based private equity firm, has acquired JBC Technologies, a precision die-cutting and flexible materials converter headquartered in North Ridgeville, Ohio. JBC supplies die-cut and assembled components to OEMs across automotive, HVAC, appliance, electronics and industrial end markets and operates additional facilities in Madison, Wisconsin.

Ridgemont Equity Partners Recapitalizes National Power

October 25, 2023

Infrastructure

Ridgemont Equity Partners led a recapitalization of National Power, LLC to support the company's growth and M&A strategy. Financing for the transaction was provided by Churchill Asset Management and Oaktree Capital Management's U.S. Private Debt Group; financial terms were not disclosed.

Alpine Power Systems Acquires Selected Assets of DC Power Systems, Inc.

June 12, 2024

Electrical Services

Alpine Power Systems has acquired selected assets of DC Power Systems, Inc., a long‑standing provider of critical power products and services in the Southeast U.S. The deal expands Alpine's critical power capabilities and strengthens its presence in the Southeast.

Nine Point Eight Capital Acquires DRC Construction Services

January 1, 2022

Construction

Nine Point Eight Capital has acquired DRC Construction Services, a Colorado-based provider of maintenance, repair and rehabilitation services for sewer, storm and wastewater utilities. SDR Ventures served as exclusive sell-side advisor; DRC is a second-generation woman-owned business led by President Brittany Carroll and will join Nine Point Eight Capital as it expands its lower-middle-market platform investments.

Madison River Capital Invests in Senior Care Therapy

January 10, 2024

Healthcare Services

Madison River Capital (MRC) has made a growth investment in Senior Care Therapy (SCT), a provider of psychology and mental health services to geriatric residents in long-term care, sub-acute, and assisted living facilities. The capital and operational resources will be used to accelerate SCT's geographic expansion and broaden access to its mental-health offerings while management, led by founder Alisa Rosenfeld, retains a significant ownership stake.

BlackRock Alternatives (Diversified Infrastructure) Acquires Jupiter Power from EnCap and Co-Investors

November 15, 2022

Energy

BlackRock Alternatives, through its Diversified Infrastructure business, has agreed to acquire Jupiter Power LLC from EnCap Energy Transition Fund I and co-investors Yorktown Partners and Mercuria Energy. Jupiter Power is a U.S. operator and developer of utility-scale battery energy storage systems (with a 655 MWh operating fleet, 340 MWh under construction and an ~11,000 MW development pipeline); the deal is expected to close in late 2022.