Narrow Gauge Capital Acquires Majority Interest in Inco-Check, LLC

P2G Capital and Merit Capital Partners Acquire Circuit Check Holdings, Inc.

February 22, 2024

Manufacturing

P2G Capital partnered with Merit Capital Partners and Circuit Check management to acquire Circuit Check Holdings, Inc., a Maple Grove, Minnesota–based designer and manufacturer of precision test systems and test automation solutions. The investors intend to position Circuit Check as a growth platform to introduce new technologies and expand its offerings across end markets including IT, aerospace & defense, medical and automotive.

Narrow Gauge Capital Acquires Class Appraisal

March 26, 2018

Financial Services

Narrow Gauge Capital completed a majority acquisition of Class Appraisal, LLC, a Troy, Michigan-based provider of residential real estate valuation and appraisal management services. ICG Strategic Equity and Aberdeen Standard Investments co-invested alongside Narrow Gauge to support Class Appraisal’s continued investment in its service offering and growth.

G&A Partners Acquires AmCheck Austin and AmCheck Las Vegas

April 12, 2025

Professional Services

G&A Partners has acquired the last two independently operated AmCheck franchises — AmCheck Austin and AmCheck Las Vegas — expanding its Human Capital Management (HCM) division and strengthening its payroll, benefits and HCM technology capabilities. The deal broadens G&A's presence in Texas and Nevada and brings additional local client relationships and resources into its national PEO platform.

Quad-C Management Acquires SEI Group LLC from Narrow Gauge Capital

March 15, 2021

Building Products

Quad-C Management has acquired SEI Group LLC, a distributor and installer of residential insulation and specialty building products based in Atlanta, Georgia, from Narrow Gauge Capital. Quad-C will partner with newly appointed executives and the existing SEI management team to pursue an aggressive consolidation strategy and national growth for the platform; terms were not disclosed.

Gauge Capital Recapitalizes NINJIO

July 19, 2021

Cybersecurity

Gauge Capital has partnered with the owners and management of NINJIO, LLC to recapitalize the cybersecurity awareness training provider. The investment will support NINJIO's growth and product capabilities, with Gauge partners Tom McKelvey and Sam Smith joining NINJIO's board.

Sage Capital Invests in Check Corporation

August 27, 2018

Manufacturing

Sage Capital LLC has invested in Check Corporation, a Troy, Michigan-based manufacturer of flexible heating elements, control systems, and related components. The transaction was done in partnership with Check's management (no financial terms disclosed) and was advised by Angle Advisors; Check operates its headquarters and manufacturing facility in Troy with roughly 60 employees.