Carlyle Invests in Duravant; Warburg Pincus Remains Partner

Duravant Acquires Matthews' Warehouse Automation Business

December 31, 2025

Manufacturing

Duravant, LLC has completed the acquisition of the Warehouse Automation business from Matthews International Corporation. Matthews received $232.1 million in total consideration for the business (cash plus assumption of liabilities); the business generated $72 million in sales in fiscal 2025 and Matthews said proceeds will be used to reduce outstanding debt.

Warburg Pincus Acquires Sundyne from BC Partners and The Carlyle Group

January 6, 2020

Manufacturing

Funds advised by Warburg Pincus agreed to acquire Sundyne, a designer and manufacturer of mission-critical centrifugal pumps and compressors, from funds advised by BC Partners and The Carlyle Group. Sundyne, headquartered in Arvada, Colorado, will remain led by CEO Mark Sefcik and Warburg Pincus plans to support further organic and strategic growth; the deal was expected to close in the first half of 2020.

The Carlyle Group and Warburg Pincus Invest in NEOGOV

June 2, 2021

Cloud & SaaS

NEOGOV, a provider of public sector human capital management SaaS, received a growth investment from The Carlyle Group alongside existing investor Warburg Pincus. The capital will be used to scale NEOGOV’s product, go-to-market and operations and to pursue organic and inorganic growth; terms were not disclosed.

Duravant Acquires PPM Technologies from Stonehenge Partners

July 24, 2023

Manufacturing

Duravant LLC, a global engineered equipment and automation solutions provider, has acquired PPM Technologies from Stonehenge Partners. The acquisition adds PPM’s conveying, coating, and thermal food-processing equipment to Duravant’s portfolio — complementing Key Technology and enhancing Duravant’s ability to offer turnkey, integrated processing lines and expanded aftermarket services.

The Carlyle Group Makes Growth Investment in Pharmapacks

November 12, 2020

E-Commerce

The Carlyle Group made a strategic growth investment of more than $250 million in Pharmapacks, an ecommerce marketplace enablement platform and large marketplace seller, valuing the company at approximately $1.1 billion. The capital is intended to accelerate Pharmapacks' growth by expanding fulfillment capacity, building out its data and analytics platform, and increasing the number of brand partners; J.P. Morgan served as lender and advisor on the transaction.

Duravant Acquires Majority Stake in BVSP and Establishes Duravant Brazil

April 10, 2023

Manufacturing

Duravant LLC has formed Duravant Brazil LTDA and acquired a majority stake in BVSP LTDA, a Brazilian manufacturer of parts and aftermarket service provider for poultry processing lines. The move establishes a local sales and service entity to support Duravant’s global food-processing customers and expand local spare-parts and technical service capabilities in Brazil.