Ares Closes $850M Continuation Vehicle for Convergint Technologies

Leonard Green and Harvest Partners Purchase Equity Stake in Convergint from Ares Management

December 16, 2021

Industrial Services

Leonard Green & Partners and funds managed by Harvest Partners have purchased equity in Convergint Technologies from a fund managed by Ares Management and other existing shareholders. Ares remains a financial partner alongside LGP and Harvest as the transaction recapitalizes Convergint to support continued growth, geographic expansion, and add-on acquisitions.

ACON Investments Closes $700M Continuation Fund for New Era Cap

August 4, 2022

Consumer Products

ACON Investments closed ACON Strategic Partners II, a single-asset continuation fund of approximately $700 million to effect a partial sale of its ACON Equity Partners IV stake in New Era Cap and to increase its existing ownership. New and continuing investors — led by Apollo Global Management, GCM Grosvenor, Hamilton Lane and Neuberger Berman — joined the fund, and Major League Baseball, the National Football League and the National Basketball Association took minority equity positions as part of the transaction to support New Era's global growth and DTC/retail expansion.

Renovus Capital Partners Closes $325M Continuation Fund to Recapitalize Four Portfolio Companies

February 27, 2024

Professional Services

Renovus Capital Partners closed a $325 million multi-asset continuation fund to recapitalize four portfolio companies — Aretum, ClinicalMind, Lockstep Technology Group and Phoenix East Aviation — enabling existing LPs to realize gains while providing rollover capital and an incremental $60 million for strategic acquisitions. The fund was anchored by leading limited partners including New 2ND Capital, RCP Advisors, Blackstone Strategic Partners, Montana Capital Partners, Unigestion and Arcano Partners; Jefferies served as exclusive financial advisor and DLA Piper as legal counsel.

Ares Management Acquires Capital Automotive (CARS) from Brookfield for $3.8 Billion

February 8, 2022

Real Estate

Funds managed by Ares Management Corporation's Alternative Credit strategy and Real Estate Group acquired Capital Automotive LLC (CARS) from a Brookfield private real estate fund for $3.8 billion. CARS, headquartered in McLean, Virginia, owns a portfolio of more than 250 net-lease automotive dealership properties across the U.S. and Canada; the acquisition expands Ares' net-lease capabilities and increases its net lease gross asset value to more than $7 billion over the prior 15 months.

Convergint Acquires A+ Technology & Security Solutions

August 11, 2025

Industrial Services

Convergint has acquired A+ Technology & Security Solutions, a Bay Shore, New York-based security integrator with over 30 years of experience, to strengthen its integrated security and public sector capabilities in the Northeast. All A+ Technology employees are joining Convergint, bringing expertise in video management, access control, visitor management, and open-standards solutions to expand Convergint’s local presence and service offerings.

Ares Alternative Credit Acquires 20% Stake in Plenitude for Approximately €2 Billion

June 23, 2025

Energy

Ares Alternative Credit funds have entered into a definitive agreement to acquire a 20% minority stake in Plenitude for approximately €2 billion. The deal implies an enterprise value for Plenitude of over €12 billion and is subject to customary regulatory approvals.