Victory Capital Acquires New Energy Capital Partners

Main Street Capital Recapitalizes Victory Energy Operations

October 8, 2024

Manufacturing

Main Street Capital Corporation invested $74.4 million to support a majority recapitalization of Victory Energy Operations, partnering with an unnamed co-investor and Victory's founder and management team. The transaction included first-lien senior secured term debt and a direct equity investment and facilitated the buyout of an institutional investor.

Victory Capital Acquires WestEnd Advisors

November 4, 2021

Financial Services

Victory Capital Holdings, Inc. entered into a definitive agreement to acquire 100% of WestEnd Advisors, LLC, a Charlotte-based asset manager that provides ETF-based model allocation strategies and separately managed accounts with approximately $18 billion in assets. The deal was announced November 4, 2021 (upfront consideration of $480 million plus deferred earnouts) and the acquisition closed on December 31, 2021.

Main Street Capital Acquires Victory Energy Operations from Saw Mill Capital

October 30, 2024

Manufacturing

Main Street Capital Corporation (NYSE: MAIN) has acquired Victory Energy Operations, LLC from Saw Mill Capital. Victory Energy, headquartered in Collinsville, Oklahoma, is a designer, manufacturer and service provider of industrial and commercial boilers and related heat-recovery equipment; the transaction expands Main Street’s exposure to industrial manufacturing and aftermarket service capabilities.

NAC International Acquires Assets of Niagara Energy Products (NEP) via New Canadian Subsidiary

June 19, 2023

Manufacturing

NAC International Inc. established a Canadian subsidiary, Niagara Energy Products Inc. (NEP Inc.), and NEP Inc. acquired substantially all of the assets of Niagara Energy Products (NEP). The acquisition gives NAC a Canadian nuclear manufacturing platform in Niagara Falls, Ontario, expanding its capabilities to supply nuclear containers, pressure-boundary components and waste-management solutions to the Canadian and North American nuclear market.

RCap Equity Partners Leads Majority Recapitalization of Northeast Contracting Corp.

September 4, 2024

Construction

RCap Equity Partners led a majority recapitalization of Northeast Contracting Corp. (NECC) in partnership with Monroe Capital LLC and existing shareholders. NECC, a Lorton, Virginia–based full-service commercial roofing company serving education, government, multi-family and industrial end markets across the Mid-Atlantic, will use the partnership capital to invest in its team, expand service offerings and pursue strategic acquisitions.

Energy Capital Partners Acquires Majority Interest in PROENERGY

September 5, 2024

Energy

Energy Capital Partners (ECP) has acquired a majority interest in PROENERGY Holdings, a vertically integrated aeroderivative gas turbine platform with a 2.4 GW fleet of contracted peakers and global turbine services. The transaction (terms not disclosed) transfers control from affiliates of Eos Partners and ACON Investments to ECP, which will support PROENERGY's platform expansion, growth initiatives, and continued operations under existing leadership.