Etex Acquires Sigmat from LDC

Red Dot Buildings (backed by Cordatus Capital) Acquires East Texas Architectural Sheetmetal (ETAS)

January 20, 2026

Building Products

Cordatus Capital and its portfolio company Red Dot Buildings have acquired East Texas Architectural Sheetmetal (ETAS), a Mineola, Texas-based manufacturer of metal building components. The add-on acquisition brings critical component manufacturing in-house for Red Dot to improve lead times, quality control, and cost certainty while supporting platform expansion across the southern United States.

Hexagon AB Acquires ETQ

February 25, 2022

Cloud & SaaS

Hexagon AB acquired ETQ, a Massachusetts-based provider of SaaS quality (QMS), EHS and compliance management software, for $1.2 billion in cash on a debt- and cash-free basis. ETQ—headquartered in Burlington, Massachusetts with ~185 employees and expected 2022 revenue of ~$75M—will join Hexagon’s Manufacturing Intelligence division to accelerate Hexagon’s cloud journey and expand its quality-management capabilities across manufacturing and regulated industries.

LDC Makes Minority Growth Investment in Sedex

August 10, 2023

Data & Analytics

LDC, the private equity arm of Lloyds Banking Group, has made a minority growth investment in Sedex to support the company’s platform development, professional services expansion and international growth. Sedex, a London-based sustainability data and technology provider with more than 200 employees and a 75,000-member network, will use the capital to accelerate product development and scale its supply-chain sustainability offering.

GSCM Group (backed by Equistone) Acquires Deltamod

November 29, 2021

Construction

GSCM Group (Groupe Solfab Constructions Modulaires), supported by private equity firm Equistone Partners Europe, has acquired Deltamod, a French specialist in the reconditioning and reuse of modular buildings. Deltamod — founded in 2013, based in Nort-sur-Erdre and employing ~30 people with ~€8M revenue (FY21/22) — will remain supported by its founders and expand within GSCM's national modular-building platform to strengthen sustainable, circular-economy offerings.

BDT Capital Partners Acquires Minority Stake in Exyte

March 31, 2023

Engineering Services

Funds affiliated with BDT Capital Partners acquired a significant minority interest in Exyte, a global engineering, design and construction firm for high‑tech facilities. The transaction closed after customary approvals; the Stumpf Group retains a majority stake and the capital will support Exyte’s long‑term growth plans as it pursues €10 billion in sales by 2027.

Exponent Invests in Ethos Engineering

March 20, 2024

Engineering Services

Exponent, a European private equity firm, has reached an agreement to invest in Ethos Engineering, a Dublin-based provider of sustainable mechanical and electrical engineering design services for data centres across EMEA. The investment will back the incumbent management team to accelerate Ethos' growth, expand its services and technology capabilities, and support international expansion.