Naxicap Partners Acquires VuWall

Net at Work Acquires NexVue

October 5, 2023

IT Services

Net at Work, a leading North American provider of digital operations platform solutions, has acquired NexVue, a long-standing Acumatica partner and developer of Acumatica-based software and services. The acquisition expands Net at Work’s Acumatica ERP capabilities and brings experienced Acumatica professionals and broader service offerings into its Digital Operations Platform for SMB clients.

AVALT and VantEdge Launch Wall Works Holdings; Acquire Optimum Building Systems

May 5, 2025

Construction

AVALT and VantEdge formed Wall Works Holdings, a platform to partner with regional specialty contractors in the finishing trades, and announced the acquisition of Optimum Building Systems as the platform's second regional hub. Optimum, founded in 1990 and headquartered in Litchfield, New Hampshire, provides drywall, acoustic ceiling tile, waterproofing and exterior cladding installation services to general contractors across northern New England; terms were not disclosed.

Arsenal Capital Partners Recapitalizes Headwall Photonics

January 20, 2022

Manufacturing

Arsenal Capital Partners led a recapitalization of Headwall Photonics, becoming the majority owner in partnership with the company’s existing management and ownership. The deal will provide Headwall — a designer and manufacturer of hyperspectral imaging systems, spectral instrumentation, and optical components — with capital to accelerate product development and pursue organic and inorganic growth opportunities.

PSG Equity Makes Strategic Growth Investment in Glasswall

April 24, 2025

Cybersecurity

PSG Equity has made a strategic growth equity investment in Glasswall, the London‑based provider of zero‑trust file protection using Content Disarm and Reconstruction (CDR) technology. The capital will be used to accelerate product innovation, expand Glasswall's global footprint across B2G and B2B markets, and scale commercial efforts; existing investor IPGL will remain a significant shareholder.

Ardian-led Consortium Acquires Vulcain Engineering (LBO)

December 22, 2023

Engineering Services

Ardian is leading a consortium including Tikehau Capital, EMZ, Bpifrance, Amundi and the Fonds France Nucléaire (managed by Siparex) in a leveraged buyout of Vulcain Engineering. The transaction effects the exit of existing shareholders Equistone Partners Europe and Sagard while co-CEOs Frédéric Grard and Alban Guilloteau and more than 350 employee-shareholders strengthen their positions. The new financing will provide resources to accelerate Vulcain's international expansion, digitisation of engineering processes and continued external growth via acquisitions.

Alfar Capital and Walter Capital Partners Acquire Groupe Access

May 12, 2022

IT Services

Alfar Capital and Walter Capital Partners have acquired a majority stake in Groupe Access, a Montreal-based managed IT and cybersecurity services provider, in partnership with the company's management team. The PE investors plan to support Groupe Access' growth and M&A strategy to expand its service offerings and national reach across Canada.