Ares Management and Partners Acquire Majority Stake in Form Technologies

White Cap L.P. Acquires Form Tech Concrete Forms, Inc.

July 5, 2023

Building Products

White Cap L.P. has acquired Form Tech Concrete Forms, Inc., a Michigan-based provider of concrete forming and shoring rental equipment with seven locations across the Southeast, Midwest and mid‑Atlantic. The acquisition expands White Cap's forming and shoring capabilities and adds complementary rental fleet and regional presence to its North American distribution network.

Ares Management and Ontario Teachers' Acquire Majority Stake in TricorBraun

March 3, 2021

Packaging

Funds managed by Ares Management's Private Equity Group and the Ontario Teachers' Pension Plan Board have agreed to acquire a majority interest in TricorBraun from AEA Investors. Management will remain in place and retain a meaningful investment while AEA will retain a minority stake; the deal supports TricorBraun's next phase of growth through organic initiatives and strategic acquisitions.

Ares Management and Onex Partners Invest in Ryan, LLC at $2.5B Valuation

May 26, 2022

Accounting & Tax

A private-equity fund managed by Ares Management committed to acquire a significant minority equity stake in Ryan, LLC, valuing the tax services and software firm at $2.5 billion. The investment is being made in partnership with Ryan's management team and existing investor Onex Partners, which will retain a significant minority interest; proceeds will support growth, technology transformation, and continued expansion.

Carlyle to Acquire AutoForm from Astorg

November 17, 2021

Software

Global investment firm Carlyle has agreed to acquire AutoForm AG, a Swiss provider of sheet metal forming and Body-in-White (BiW) assembly simulation software, from private equity firm Astorg. The transaction — subject to regulatory approvals — will see Carlyle support AutoForm’s growth by investing in its software platform, commercial operations and pursuing further acquisitions; financial terms were not disclosed.

H.I.G. Capital Acquires Avient's Distribution Business, Creating Formerra

November 1, 2022

Industrial Services

H.I.G. Capital (through an affiliate) completed the acquisition of Avient Corporation's Distribution business for $950 million in cash and launched the business as an independent company named Formerra. The carve-out creates a platform distributor of engineered thermoplastic resins, additives and specialty polymers serving healthcare, consumer, industrial and mobility markets; Avient expects approximately $750 million in after-tax proceeds.

Ethos Capital Acquires Newforma

April 3, 2023

Software

Boston-based private equity firm Ethos Capital has acquired Newforma, a Boston-headquartered provider of project information management (PIM) and BIM collaboration software for the architecture, engineering and construction (AECO) industry. The deal, in which Battery Ventures sold its stake, will support Newforma’s cloud migration and accelerated product development as the company expands its cloud-based collaboration platform.