RAF Industries Acquires Hayabusa Fightwear from Carmelina Capital Partners

RAF Industries Acquires Ligchine Corporation from Blue Sage Capital and Hanover Partners

August 15, 2022

Manufacturing

RAF Industries, a long‑term private investment firm based in Philadelphia, acquired Ligchine Corporation, a Darien, Wisconsin‑based designer and manufacturer of laser‑guided boom screeds, from private equity owners Blue Sage Capital and Hanover Partners. The transaction transfers control of the niche construction equipment manufacturer to RAF as the sellers exit their investment after supporting product and go‑to‑market expansion.

Bain Capital Private Equity Acquires Showa Aircraft Industry

May 11, 2020

Manufacturing

Bain Capital Private Equity completed a majority buyout of Showa Aircraft Industry Co., Ltd., paying approximately ¥90 billion (US$817 million) and delisting the company from the Tokyo Stock Exchange. Bain said it will support redevelopment of Showa Aircraft’s significant real estate assets in Akishima and leverage operational expertise to grow the company’s manufacturing business, which produces honeycomb core panels and other transportation-industry components.

YFM Equity Partners Backs Management Buyout of Stacatruc from Merino Capital

September 11, 2024

Industrial Services

YFM Equity Partners has backed Stacatruc’s incumbent joint Managing Directors in a management buyout (secondary buyout) of Stacatruc from Merino Capital. Stacatruc, based in Thatcham, Berkshire, provides forklift hire, sales, maintenance and finance across the UK; YFM’s investment will accelerate growth and expand the company’s geographic footprint while building on recent acquisitions in the hire and service sector.

Five Bays Capital Acquires Firezat

March 11, 2025

Building Products

Five Bays Capital has acquired Firezat, a maker of patent-pending aluminum-based Wildfire Ember Shields and Wildfire Fire Shields, to scale production, R&D and distribution of its wildfire structure-protection technology. The founder, Dan Hirning, remains involved as Five Bays aims to expand team, manufacturing capacity and strategic partnerships with firefighting agencies and insurance providers to help stabilize insurance access in wildfire-prone regions.

Wafra Inc. Acquires Aquila Air Capital from Warburg Pincus

December 16, 2024

Aerospace & Defense

Wafra Inc. completed the acquisition of a controlling interest in Aquila Air Capital, a specialty aviation asset finance and engine leasing platform, from Warburg Pincus. The deal — supported by a credit facility from ATLAS SP Partners — positions Aquila to accelerate expansion, introduce new offerings, and broaden its global customer base under Wafra's ownership.

RAFTR Roofing + Exteriors Acquires Apex General Contracting

August 21, 2025

Construction

RAFTR Roofing + Exteriors (RAFTRx), a Duluth, Georgia-based roofing and exteriors platform backed by Saw Mill Capital, has acquired Apex General Contracting of South Beloit, Illinois. The deal expands RAFTRx's platform into Illinois and Wisconsin, adding commercial roofing and insurance restoration capabilities to its multi-brand footprint.