BlackRock LTPC Acquires Majority Stake in Summit Companies

BlackRock LTPC Acquires Majority Stake in Alacrity Solutions from Kohlberg

February 2, 2023

Insurance

BlackRock Alternatives' Long Term Private Capital (LTPC) has acquired a majority interest in Alacrity Solutions, a Fishers, Indiana-based provider of outsourced insurance claims management services. Kohlberg & Company and Alacrity's management retain significant minority stakes; the investment is intended to support Alacrity's continued growth and capability expansion across its claims lifecycle services.

BlackRock LTPC Acquires Majority Stake in Paradigm Oral Health

September 22, 2022

Healthcare Services

BlackRock Long Term Private Capital (LTPC) has entered into a definitive agreement to acquire a majority interest in Paradigm Oral Health from shareholders including InTandem Capital Partners. The investment will partner with Paradigm's executive team, led by founder and CEO Dr. David Rallis, to support platform expansion, technology adoption and continued growth of the company's oral surgery and digital dentistry platform.

BlackRock LTPC Acquires Majority Stake in Transaction Data Systems from GTCR

May 17, 2021

Healthcare Services

BlackRock Long Term Private Capital (LTPC) acquired a majority interest in Transaction Data Systems (TDS), a provider of pharmacy management software and services, with GTCR retaining a minority stake. LTPC will partner with TDS management to drive the company's next phase of growth, building on TDS's pharmacy software, data analytics and clinical offerings.

BlackRock LTPC Acquires Aquila Heywood

February 12, 2021

Software

BlackRock Long Term Private Capital (LTPC) has reached an agreement to acquire Aquila Heywood, a UK market leader in pensions administration software and services. The existing management team led by CEO Andy Ross will remain in place, and BlackRock LTPC says the investment will support further product development, technology investment and growth of the business; terms were not disclosed.

Summit Companies Completes Ten Strategic Add-on Acquisitions

June 11, 2021

Industrial Services

SFP Holding, Inc. (Summit Companies), a CI Capital Partners-backed fire and life safety services platform, announced the completion of ten add-on acquisitions across its Summit Fire & Security and Summit Fire Protection subsidiaries. The transactions expand Summit's geographic footprint (now operating in 18 states) and broaden its inspection, testing, installation and life-safety service capabilities in commercial, industrial, government, healthcare and multi-family end markets.

Summit Fire Protection Acquires Legacy Fire & Safety

August 16, 2023

Industrial Services

Summit Fire Protection Co., a subsidiary of SFP Holding, Inc. (Summit Companies), acquired Legacy Fire & Safety LLC, effective August 16, 2023. The small, veteran-owned Lake City, Michigan business will be served by Summit's Traverse City branch as Summit expands its regional fire protection and life safety services.