Avetta Acquires Pegasus (Australia)

EQT Private Equity Acquires Avetta from WCAS

April 2, 2024

Cloud & SaaS

EQT Private Equity's EQT X fund has agreed to acquire Avetta from Welsh, Carson, Anderson & Stowe (WCAS). Avetta is a global SaaS leader in supply chain risk management with 12 offices, more than 750 employees, and a network spanning 130+ countries; EQT says it will back product innovation, AI/automation adoption and global expansion to accelerate growth.

Pegasus Acquires Compliance Fox

July 22, 2020

Software

Newcastle-based workforce competency platform Pegasus has acquired Compliance Fox, a Newcastle software start-up that provides SME-focused workforce compliance and contractor management tools. The deal is Pegasus' first acquisition following a growth investment from Accel-KKR and is intended to expand Pegasus' platform capabilities to better support SME subcontractors and extend its workforce competency network.

Pegasus Acquires iskills to Support New Zealand Expansion

March 15, 2021

Education

Australian workforce competency management platform Pegasus (Accel-KKR-backed) has acquired New Zealand competency management specialist iskills to establish a local presence and enhance support for New Zealand clients. The deal brings iskills’ training, workplace assessment and consultancy capabilities into Pegasus’ software and managed-services offering to accelerate growth across infrastructure, telecommunications, utilities and construction sectors.

Arlington Capital Partners Acquires Pegasus Steel

June 14, 2023

Aerospace & Defense

Arlington Capital Partners, a Washington, D.C.-area private equity firm, has acquired Pegasus Steel LLC, a heavy steel fabricator that supplies large-scale structures for U.S. Navy submarines and aircraft carriers. Pegasus will serve as a new platform for Arlington as management, led by Founder & CEO Tony Deering, remains in place to scale the business to meet naval shipbuilding demand.

Phoenix Equity Partners Acquires Majority Stake in Ava Global

August 17, 2021

Logistics & Distribution

Phoenix Equity Partners has exchanged contracts to acquire a majority stake in Ava Global Limited from parent company Ava Risk Group (ARG), investing alongside founders Chris Fergus and James Alston. The UK-based specialist secure-logistics provider will receive capital to invest in people, technology and offices to support continued rapid international growth and establishment as an independent business.

Kodiak Gas Services (EQT) Acquires Pegasus Optimization Managers from Apollo

September 25, 2019

Oil & Gas

EQT Infrastructure portfolio company Kodiak Gas Services has signed a definitive agreement to acquire Pegasus Optimization Managers from affiliates of Apollo Natural Resource Partners II. The deal combines two fast-growing contract compression businesses — creating a leading U.S. contract compression platform with more than 2,500,000 revenue-generating horsepower; the transaction is expected to close in Q4 2019 and financial terms were not disclosed.