Velocity One (backed by Charlesbank) Acquires EMCORE Corporation

Madison Bidco Ltd (consortium led by Lightrock, Carbon Direct Capital, GenZero and Kibo) to Acquire Velocys

December 6, 2023

Renewable Energy

Madison Bidco Ltd., a newly formed acquisition vehicle indirectly owned by a consortium including Lightrock, Carbon Direct Capital, GenZero and Kibo Investments, has reached agreement to acquire U.K.-based sustainable aviation fuel developer Velocys in a recommended cash offer. The transaction includes a payment of 0.25 pence per Velocys share and up to $40 million of growth capital from Bidco to support Velocys’ medium-term plans; a £3.5 million secured bridging loan has also been provided by the Carbon Direct Fund to fund operations until closing.

EMCOR Group Acquires ECM Holding Group

July 5, 2023

Energy

EMCOR Group, Inc. has agreed to acquire ECM Holding Group, Inc., a national energy-efficiency specialty services firm headquartered in Oshkosh, Wisconsin, in an all-cash transaction. The acquisition expands EMCOR's energy efficiency and sustainability services capabilities, adding ECM's HVAC, lighting, water, weatherization and airflow management offerings (ECM had estimated 2023 revenues of $60 million).

Navisite Acquires Velocity Technology Solutions

January 6, 2021

Cloud & SaaS

Navisite, backed by Madison Dearborn Partners, has acquired Velocity Technology Solutions, a global cloud managed service provider headquartered in Charlotte, North Carolina. The acquisition expands Navisite’s managed cloud and enterprise application (ERP) capabilities — adding Velocity’s VCAMP platform, ERP application expertise and broader public-cloud managed services to Navisite’s portfolio.

Xcelerate Solutions (McNally Capital Portfolio) Merges with VMD Corp

February 7, 2024

Cybersecurity

McNally Capital portfolio company Xcelerate Solutions has merged with VMD Corp, a cybersecurity, agile engineering, and critical infrastructure protection firm based in Fairfax, Virginia. The combined company will operate as Xcelerate Solutions and brings together more than 1,000 technology professionals to expand capabilities and contracts across the federal, defense, law enforcement, and national security markets.

cleanwater1 Acquires Velocity Dynamics, LLC

January 3, 2024

Environmental Services

cleanwater1 (formerly UGSI Solutions), a Baird Capital portfolio company, has acquired Velocity Dynamics, LLC, a provider of proprietary dry and liquid feed systems for chemistry optimization in water/wastewater utilities and industrial plants. The deal expands cleanwater1’s product and engineering capabilities in polymer blending, chemical feed and bulk handling to support customers facing higher chemical costs and stricter environmental requirements.

One Equity Partners Acquires Momentum Manufacturing Group from Akoya Capital

October 29, 2021

Manufacturing

One Equity Partners, a New York-based private equity firm, has acquired Momentum Manufacturing Group (MMG), an engineered products manufacturer headquartered in Georgetown, Massachusetts, from sellers including Akoya Capital, Landon Capital Partners, and Ironwood Capital. The transaction is a buyout intended to support MMG's next phase of growth and scale its manufacturing capabilities across its multi-facility footprint in New England.