A&M Capital Opportunities Invests in Heartland Business Systems

GenNx360 Capital Partners Acquires Heartland Business Systems

October 7, 2025

IT Services

GenNx360 Capital Partners has closed the acquisition of Heartland Business Systems (HBS) from A&M Capital Opportunities. HBS is a Little Chute, Wisconsin–based IT services provider with 675+ employees serving 3,200+ customers across the Midwest; GenNx360 will partner with HBS management as founder Peter Helander retires and Jimmy Buddenberg becomes CEO.

A&M Capital Partners Acquires Majority Interest in The Arcticom Group

January 24, 2022

Industrial Services

A&M Capital Partners (AMCP), an Alvarez & Marsal Capital-affiliated private equity firm, has acquired a majority interest in The Arcticom Group, a Walnut Creek, California-based provider of mission-critical commercial refrigeration and HVAC services. Arcticom's senior management will remain in place, and AMCP plans to use Arcticom as a platform to pursue add-on acquisitions and expand geographic and end-market presence across North America.

S5 Equity Acquires Heartland America

March 27, 2025

E-Commerce

S5 Equity, a Southern California private investment firm, has acquired Heartland America, a discount catalog and online direct-to-consumer retailer based in Chaska, Minnesota. The deal is a strategic bolt-on to S5 Equity’s portfolio company Hammacher Schlemmer to capture synergies across distribution, marketing and sales; financial terms were not disclosed.

The Jordan Company (Resolute IV) Acquires Heartland Home Services

December 15, 2020

HVAC & Mechanical

An affiliate of The Resolute Fund IV (managed by The Jordan Company) acquired Heartland Home Services from North Branch Capital, with Cobepa taking a significant minority stake and North Branch remaining a minority investor. Carlyle's Global Credit platform led and structured the debt financing to support the transaction. The investment will provide Heartland with resources to drive operational efficiencies and pursue organic and inorganic growth across its Midwestern residential HVAC, plumbing, electrical and indoor air quality platform.

A&M Capital (AMCP III) Acquires Majority Stake in East Coast Power

January 23, 2025

Utilities

Alvarez & Marsal Capital Partners Fund III (AMCP III), through an affiliate of A&M Capital, signed a definitive agreement to acquire a majority stake in East Coast Power (ECP), a fast-growing electric utility services provider headquartered in Albany, New York. The partnership will fund ECP's national expansion through organic growth and strategic M&A while founder Darren Donohue remains a large shareholder and operating executive.

Titan Machinery Acquires Heartland AG Systems

August 2, 2022

Agriculture

Titan Machinery (NASDAQ: TITN) has acquired Heartland AG Systems, Inc., the largest CASE IH application equipment distributorship in North America and a leading distributor of sprayer parts and accessories. D.A. Davidson served as exclusive financial advisor to Heartland; the sellers were Heartland's ownership group (including Bob Caldwell, Gordon Glade and Jeff Keller). The acquisition expands Titan's parts, service and distribution footprint across the Midwest and western U.S.