IGS Energy Acquires JadeTrack

IGS Energy Acquires Just Energy

July 1, 2025

Energy

IGS Energy has completed the acquisition of Just Energy, creating one of North America's largest retail energy providers with nearly 7.5 million residential customer equivalents. The combined company brings together ~2,250 employees and expands IGS's footprint in deregulated markets—notably strengthening its presence in Texas (ERCOT) and PJM—while Just Energy will continue to operate under its existing brands.

American Securities Acquires Integrated Global Services, Inc. from J.F. Lehman & Company

March 6, 2025

Industrial Services

American Securities has acquired Integrated Global Services, Inc. (IGS) from investment affiliates of J.F. Lehman & Company. IGS, a Richmond, Virginia–headquartered provider of industrial surface-protection, asset integrity and environmental efficiency technologies serving power, energy and industrial markets, will partner with American Securities to accelerate growth and expand adoption of its proprietary solutions.

Genesee Scientific Acquires Jade Scientific

September 15, 2025

Healthcare Services

Genesee Scientific, a portfolio company backed by LLR Partners, has acquired Jade Scientific, a Michigan-based distributor of chemicals and consumables for clinical reference, pharma/biotech, and environmental labs. The add-on expands Genesee’s lab essentials portfolio, broadening product offerings and strengthening service capabilities for customers nationwide.

ESG Acquires CUBS to Expand into Denmark

April 29, 2025

Cloud & SaaS

ESG, a global energy SaaS provider, has acquired CUBS, a Danish provider of cloud-based billing solutions for utilities and electric mobility providers. The deal expands ESG's presence into Denmark and brings CUBS' market-leading billing platform (used by ~30% of Danish electricity retailers) into ESG's global energy software portfolio.

GPSTrackit (Inverness Graham-backed) Acquires Fleet Trax

March 15, 2019

Cloud & SaaS

Inverness Graham Investments’ portfolio company GPSTrackit has acquired Fleet Trax, Inc. as an add-on to scale its IoT fleet-management and telematics SaaS platform. The acquisition expands GPSTrackit’s technology and vertical market capabilities across North and South America; financial terms were not disclosed.

Ctrack Holdings (Convergence Partners) Acquires Inseego's Global Telematics Business

December 2, 2024

Telecommunications

Inseego Corp. completed the sale of its global telematics business to Ctrack Holdings, a portfolio company of Convergence Partners, for $52 million in cash. The divestiture lets Inseego focus on its core 5G business and repay debt, while Ctrack expands its telematics capabilities and geographic footprint across the UK, EU, Australia and New Zealand.