Sparus Holdings Acquires Allegiant Utility Services and TruCheck, Inc.

Ridgemont Equity Partners Acquires Sparus Holdings

August 3, 2021

Infrastructure

Ridgemont Equity Partners completed an acquisition of Sparus Holdings, a provider of outsourced field and professional services for utility and industrial customers, in March 2021. Ridgemont's investment will support the build-out of a scaled, end-to-end utility services platform and Sparus has since acquired OneVision Utility Services to expand its utility locate and damage prevention capabilities.

Sparus Holdings Acquires United Locating Services

November 29, 2022

Industrial Services

Sparus Holdings, a portfolio company of Ridgemont Equity Partners, has acquired United Locating Services (ULS), a utility locating and damage prevention services provider with operations across the Midwest and Southwest. ULS's leadership team will remain in place to run the business within the Sparus platform; terms were not disclosed.

Altrad Group Acquires Sparrows Offshore Group from AEA Investors

July 11, 2022

Industrial Services

France-based Altrad Group has acquired Sparrows Offshore Group from AEA Investors’ Middle Market Private Equity fund. Sparrows, headquartered in Aberdeen, United Kingdom, is a global provider of specialist engineering and operations & maintenance services to the offshore energy, renewables and industrial markets and employs over 2,200 certified engineers and technicians; the deal adds capabilities and geographic scale to Altrad’s industrial services platform.

Kyruus Acquires HealthSparq

February 3, 2022

Healthcare Services

Kyruus, a Boston-based provider search and scheduling platform, completed the acquisition of HealthSparq, a Portland-based healthcare guidance and transparency vendor. The deal brings payer-focused price-transparency and guidance capabilities into Kyruus’s provider access platform to connect payers, providers, and consumers and expand the company’s market reach.

Evergreen Services Group and NetGain Technologies Acquire TruTechnology

August 2, 2021

IT Services

Evergreen Services Group, backed by Alpine Investors, has acquired TruTechnology, a Jacksonville, Florida–based managed IT services provider. TruTechnology will be folded into NetGain Technologies as a tuck-in to expand NetGain's regional MSP footprint; financial terms were not disclosed.

Allego N.V. Goes Public via Business Combination with Spartan Acquisition Corp. III

March 17, 2022

Energy

Allego N.V., a pan‑European electric vehicle charging network, completed a business combination with Spartan Acquisition Corp. III and began trading on the NYSE under the ticker ALLG following a transaction that provided approximately $161 million of gross proceeds (including a PIPE). Strategic partners including Fisker and Landis+Gyr and institutional investors (including funds managed by Apollo affiliates and ECP) participated in the PIPE; Meridiam rolled 100% of its equity and will remain the majority owner to support Allego's continued European expansion.