American Capital Acquires Kester from Northrop Grumman

Stratus Team Acquires Kestrel Engineering Group

February 10, 2026

IT Services

Stratus Team, LLC has acquired Kestrel Engineering Group, expanding Stratus’ geographic reach into the Northwest and Upper Midwest while deepening its industrial process facilities engineering capabilities. The combined teams will provide multi-discipline engineering and project delivery across the full project lifecycle for energy, oil and gas, metals, and chemicals clients, with Kestrel’s teams remaining in place.

Kester Capital Acquires EMAS Pharma (carve-out from Bionical Emas)

December 24, 2024

Healthcare Services

Kester Capital has acquired EMAS Pharma, the clinical development division of Bionical Emas, in a carve-out transaction alongside an incoming executive team led by experienced CRO operators. The deal creates an independent CRO platform that Kester and the management team intend to scale organically and through acquisitions, expanding capabilities and geographic presence in North America and Europe.

KPS Capital Partners Acquires Catalyst Acoustics Group

September 30, 2024

Industrial Services

KPS Capital Partners, LP has signed a definitive agreement to acquire Catalyst Acoustics Group, Inc. from The Stephens Group, LLC. The deal was expected to close in the fourth quarter of 2024 and is subject to customary closing conditions and approvals.

Kester Capital Backs Management Buy-out of DC Byte

December 1, 2022

Data & Analytics

Kester Capital has invested in DC Byte to support a management buy-out, acquiring a stake in the subscription-based market intelligence and analytics provider for the global data centre sector. Kester will partner with management to expand products and markets and accelerate DC Byte’s international growth amid strong demand for data centre capacity and related analytics.

Curtiss-Wright Acquires Keronite Group Limited for $35M

November 16, 2022

Industrial Services

Curtiss-Wright Corporation completed the acquisition of Keronite Group Limited for $35 million in cash. Keronite, a Cambridge, UK-based provider of Plasma Electrolytic Oxidation (PEO) surface treatment services that serve defense, commercial aerospace, industrial vehicle and semiconductor markets, will operate within Curtiss-Wright’s Aerospace & Industrial segment and generated roughly $9 million in sales in 2022.

Equistone Partners Europe Acquires Majority Stake in Kusters Beheer B.V.

January 27, 2021

Manufacturing

Funds advised by Equistone Partners Europe have agreed to acquire a majority stake in Kusters Beheer B.V., a Netherlands-based group of six precision manufacturing companies. The founding family and current management will retain a significant minority stake and the partnership will support investments in production capacity, technology and strategic add-on acquisitions to drive growth.