Axcel Acquires Carousel Logistics from Livingbridge to Combine with DANX A/S

AlphaSense Acquires Carousel to Embed AI-Driven Excel Modeling

October 7, 2025

Software

AlphaSense has acquired Carousel, an AI-powered Excel modeling startup, to embed dynamic generative financial modeling into its market intelligence platform. The acquisition will integrate Carousel's model-building and data-extraction capabilities into AlphaSense’s generative AI workflows; financial terms were not disclosed.

Quad-C Management Recapitalizes and Acquires MNX Global Logistics

December 13, 2021

Logistics & Distribution

Quad-C Management has recapitalized and purchased MNX Global Logistics from Audax Private Equity, with terms not disclosed. MNX, headquartered in Long Beach, California, will continue to be led by CEO John Labrie and his senior team while Quad-C looks to broaden service offerings, pursue strategic acquisitions, and accelerate organic growth across industry verticals and geographies.

Carousel Capital Recapitalizes Armstrong Transport Group

June 18, 2019

Logistics & Distribution

Carousel Capital has partnered with Armstrong Transport Group management to recapitalize the Charlotte-based freight brokerage, providing equity from Carousel Capital Partners V and senior debt from Barings. Armstrong, a technology-enabled, non-asset based logistics platform that facilitates nearly $500 million in annual transportation spend for over 4,000 customers, will use the investment to accelerate growth and expand its technology and service offerings.

NWN Corporation Acquires Carousel Industries

May 12, 2021

IT Services

NWN Corporation, backed by private equity firm New State Capital Partners, has acquired Exeter, Rhode Island–based Carousel Industries to create a combined national cloud communications and infrastructure services leader with an estimated $1 billion run-rate. The deal expands NWN's capabilities across cloud communications, managed services, networking, security and contact center solutions and significantly increases its geographic scale and customer base.

Konexial Acquires Axle Technologies' ELD and Fleet Management Customer Roster

October 21, 2019

Transportation

Konexial acquired the complete roster of ELD and fleet management customers from Axle Technologies (based in Jersey City, New Jersey) to expand its ELD customer base and convert AOBRD devices to telematics ahead of the FMCSA deadline. The deal will migrate Axle customers onto Konexial’s telematics-enabled My20 Tower platform and enable access to its GoLoad dynamic load-matching features.

ABAX (Investcorp) Acquires Automile

November 16, 2020

Telecommunications

Investcorp-backed ABAX has acquired Automile, a Nordic telematics and IoT fleet-management provider, to strengthen ABAX’s telematics platform and scale its global footprint. The deal combines complementary telematics portfolios to create one of Europe’s largest telematics players by subscriptions and expands ABAX’s capability and geographic coverage.