Aimbridge Hospitality and Interstate Hotels & Resorts Merge; Advent to Assume Majority Stake

Advent International Acquires Majority Stake in Aimbridge Hospitality from Lee Equity Partners and General Atlantic

January 7, 2019

Restaurants & Hospitality

Advent International has signed a definitive agreement to acquire a majority ownership interest in Aimbridge Hospitality from Lee Equity Partners and General Atlantic. Aimbridge’s senior management will remain in place with a meaningful equity stake as Advent supports the company’s continued growth and international expansion; financial terms were not disclosed.

Advent International to Acquire Significant Stake in Imperial Dade from Bain Capital Private Equity

May 2, 2022

Industrial Services

Advent International has signed a definitive agreement to acquire a significant stake in Imperial Dade, a leading North American distributor of food service packaging and janitorial supplies, from Bain Capital Private Equity. The deal involves joint board governance, while Robert and Jason Tillis continue to lead the business and remain significant investors.

Intermountain Health Acquires Advent Home Health

September 6, 2023

Healthcare Services

Intermountain Health, a nonprofit hospital system based in Utah, has acquired Advent Home Health, a Las Vegas–based home health provider owned by Salvador Agonias and his family since 2008. M&A Healthcare Advisors (MAHA) represented the sellers during the transaction as Intermountain expands its provider services across the Southwest United States.

Advent International Acquires Majority Stake in Salt & Stone

March 24, 2026

Consumer Products

Advent International has signed a definitive agreement to acquire a majority stake in Salt & Stone, a Los Angeles-based premium body care brand. The deal is expected to close in April, subject to customary closing conditions, and aims to accelerate Salt & Stone’s global expansion and direct-to-consumer capabilities.

Otto Group Acquires Advent's Minority Stake in Hermes Germany

November 3, 2025

Logistics & Distribution

Advent International has entered into an agreement to sell its minority stake in Hermes Germany, a logistics services provider in Germany, to the Otto Group. The transaction is expected to close by year end and follows Advent’s 2020 investment arrangement in which it acquired a majority stake in Evri and a minority stake in Hermes Germany alongside Otto Group.

Hotel Equities and Springboard Hospitality Merge

May 6, 2025

Restaurants & Hospitality

Hotel Equities and Springboard Hospitality announced a strategic merger effective May 1 to create a scaled, owner-focused hotel management company operating across the United States, Canada, the Caribbean, and Latin America. Ben Rafter (formerly CEO of Springboard) will serve as CEO of the combined company and Brad Rahinsky (former Hotel Equities CEO) will serve as chairman, with the combined firm leveraging complementary strengths in branded and independent/lifestyle hotel management.