Cyprium Partners and Empeiria Capital Acquire Ironwood Power Services

Blackstone Energy Transition Partners Makes Majority Investment in Westwood Professional Services

August 7, 2024

Engineering Services

Private equity funds affiliated with Blackstone (Blackstone Energy Transition Partners) have agreed to make a majority investment in Westwood Professional Services, Inc., acquiring the stake held by Endurance Partners and Palm Beach Capital while Westwood management and employee shareholders retain a minority interest. Westwood, a Plano, Texas–based engineering and design firm with more than 1,600 employees, serves renewables, power, real estate and public infrastructure end markets and will leverage Blackstone's resources to expand capabilities across those markets.

Expedition, Tecum and Ironwood Capital Recapitalize Cox Transportation Services

November 12, 2020

Transportation

Expedition Capital Partners and Tecum Capital led a majority recapitalization of Cox Transportation Services, with subordinated debt and a minority equity investment from Ironwood Capital to back CEO Jay Smith. Cox, a truckload freight carrier and brokerage founded in 1982 and based in Ashland, Virginia, will use the capital to pursue organic growth and add-on acquisitions to expand its routes and customer base.

Apollo Acquires PowerGrid Services from The Sterling Group

July 2, 2025

Industrial Services

Apollo has completed the acquisition of PowerGrid Services from The Sterling Group and other existing investors. PowerGrid is a national provider of electric utility maintenance and construction services with more than 1,700 in-house professionals operating across 35 states; Apollo will partner with management and existing investors to support the company’s continued growth and grid modernization efforts.

Consulting Solutions Acquires Empyrean Services and The Empyrean Group

May 18, 2022

Energy

Consulting Solutions, a portfolio company of White Wolf Capital, has acquired Empyrean Services and The Empyrean Group, two Pittsburgh-based providers of engineering and consulting services to the nuclear and non-nuclear power-generation industries. Empyrean will operate as a standalone division within Consulting Solutions to expand the platform's energy-focused engineering and workforce solutions capabilities.

Searchlight Capital Acquires Majority Stake in Integrated Power Services

October 19, 2021

Industrial Services

Funds advised by Searchlight Capital Partners agreed to acquire a majority stake in Integrated Power Services (IPS) from funds advised by Odyssey Investment Partners. IPS, headquartered in Greenville, South Carolina, is an industrial aftermarket services provider for motors, generators, pumps and power systems across industrial and renewable energy end-markets; the deal is expected to close later this year subject to customary regulatory approvals.

Cyprium Partners Invests in OneroRx

January 25, 2024

Healthcare Services

Cyprium Partners provided subordinated debt and minority common equity to OneroRx Inc., an integrated pharmacy services provider headquartered in West Des Moines, Iowa. The growth capital will support OneroRx’s acquisition-driven expansion across the Midwest—where the company operates roughly 65 locations and fills millions of prescriptions annually—and marks Cyprium’s 100th platform investment.