Hidden Harbor and Carlyle AlpInvest Close $850M Continuation Fund to Acquire Interests in Dayco, SuperHero, ACS and Inspire
May 7, 2025
Hidden Harbor Capital Partners and Carlyle AlpInvest closed a continuation fund with more than $850 million of commitments to acquire interests in four Hidden Harbor portfolio companies: Dayco, SuperHero Fire Protection, Air Conditioning Specialist (ACS) and Inspire Aesthetics. The transaction provides liquidity to existing limited partners while supplying new capital to support growth initiatives across the portfolio.
- Buyers
- Hidden Harbor Capital Partners, Carlyle AlpInvest
- Targets
- Dayco, SuperHero Fire Protection, Air Conditioning Specialist, Inc., Inspire Aesthetics
- Sellers
- Existing limited partners (LPs)
- Industry
- Industrial Services
- Location
- United States
- Transaction Type
- Recapitalization
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Related Acquisitions
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Hidden Harbor Capital Partners Acquires Dayco, LLC
September 30, 2022
Manufacturing
Hidden Harbor Capital Partners, a Boca Raton-based private equity firm, has acquired Dayco, LLC, a global manufacturer of engine drive systems and aftermarket products. Financial terms were not disclosed; the transaction closed in Q3 2022 and positions Dayco for a next phase of growth under Hidden Harbor's ownership.
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Hidden Harbor Capital Partners Acquires SuperHero Fire Protection, LLC
September 21, 2021
Industrial Services
Hidden Harbor Capital Partners, a Boca Raton-based private equity firm, has acquired SuperHero Fire Protection, LLC, a Lawrenceville, Georgia-based fire, life & safety installer and service provider focused on multifamily and commercial end markets. The deal closed September 1, 2021, with financing provided by First Eagle Alternative Credit; terms were not disclosed and SuperHero’s existing owners and senior management retain significant ownership.
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Hidden Harbor Capital Partners Acquires Air Conditioning Specialist, Inc.
September 8, 2021
HVAC & Mechanical
Hidden Harbor Capital Partners, a Boca Raton-based private equity firm, acquired Air Conditioning Specialist, Inc. (ACS), a Georgia-based HVAC service provider with locations in Milledgeville and Covington. The transaction closed on August 31, 2021 (terms undisclosed); Hidden Harbor said it will support ACS’s growth and expansion of service offerings across Georgia and the southeastern United States.
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SuperHero Fire Protection (HHCP Portfolio) Acquires Strategic Connections
August 19, 2025
Industrial Services
SuperHero Fire Protection, a portfolio company of Hidden Harbor Capital Partners, has acquired Strategic Connections, a Raleigh-based provider of fire protection and low-voltage systems. The add-on strengthens SuperHero's presence in North and South Carolina, expands recurring service and inspection revenue, and broadens low-voltage capabilities while Strategic Connections' founder remains an active owner.
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SuperHero Fire Protection (HHCP Portfolio Company) Acquires Life Safety Inspections
February 22, 2023
HVAC & Mechanical
SuperHero Fire Protection, a portfolio company of Hidden Harbor Capital Partners, has acquired Life Safety Inspections, LLC, a fire protection installation and services provider headquartered in Oak Ridge, Tennessee. The add-on expands SuperHero's geographic footprint in Tennessee and increases its recurring inspection and retrofit services.
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Hidden Harbor Capital Partners Invests in Inspire Aesthetics; Garramone Plastic Surgery Integrated into Platform
January 6, 2022
Healthcare Services
Hidden Harbor Capital Partners has made an investment in Inspire Aesthetics, a South Florida network of plastic surgery and aesthetic centers, and the transaction brings together Inspire and Garramone Plastic Surgery under the Inspire platform. Gladstone Capital provided financing for the deal; terms were not disclosed. Hidden Harbor intends to support platform growth and pursue additional add-on opportunities.
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