Blue Sea Capital Makes Growth Investment in Plasma Processes

Provest Equity Partners Acquires Advanced Process Solutions

July 31, 2025

Manufacturing

Provest Equity Partners, an Atlanta-based private equity firm founded by Suhas Uppalapati and Kerry Byler, has acquired Advanced Process Solutions (formerly Advanced Plastic Services). The transaction closed July 31, 2025; APS is a precision manufacturer serving semiconductor and energy end markets (including Texas Instruments) and will serve as Provest’s first platform investment to expand capabilities and customer reach in semiconductor and energy supply chains.

Partners Group and Portobello Capital Acquire Majority Stake in BLUESEA Hotels

November 20, 2024

Real Estate

Partners Group, alongside Portobello Capital, has acquired a majority stake in BLUESEA Hotels, a Palma de Mallorca–headquartered hospitality platform that owns and operates 25 hotels (around 5,100 rooms) across Spain. The investors plan a transformational value-creation program including refurbishments, operational improvements and strategic acquisitions to grow BLUESEA's platform in key Spanish tourist destinations.

Plasma Processes Acquires Metaltech Machine & Tool

May 29, 2024

Manufacturing

Plasma Processes, a Huntsville-based provider of ultra-high temperature materials, coatings and propulsion systems, has acquired Metaltech Machine & Tool, a Scottsboro, Alabama wire EDM-focused machine shop that has supported customers for 27 years and supplied Plasma for over 15 years. The purchase vertically integrates key machining and metal-finishing capabilities into the Plasma Processes platform, which is backed by private equity firm Blue Sea Capital.

Hg Makes Strategic Investment in ProcessMAP

January 5, 2022

Cloud & SaaS

Hg, a leading software-focused private equity investor, has made a significant growth investment in ProcessMAP to accelerate the company's product development and global expansion in the EHS (environmental, health and safety) software market. ProcessMAP's management will retain a significant stake and the capital and sector expertise from Hg will be used to broaden the company's global footprint and advance its analytics-driven SaaS offering.

Blue Sea Capital Invests in Abrasive Technology

May 10, 2021

Manufacturing

Blue Sea Capital, a West Palm Beach-based private equity firm, made an investment in Abrasive Technology, a Lewis Center, Ohio-based manufacturer of superabrasive grinding tools and dental burs. The founder Loyal “Butch” Peterman remains with the company and Blue Sea said it will support growth across Abrasive Technology’s aerospace, medical/dental and industrial end markets; financing was provided by Twin Brook Capital Partners.

Blue Sea Capital Provides Growth Investment to Krueger-Gilbert Health Physics

May 7, 2019

Healthcare Services

Blue Sea Capital has made a growth capital investment in Krueger-Gilbert Health Physics (KGHP) and the newly formed Apex Physics Partners to support KGHP’s expansion and to build Apex as a business-services platform for partnering medical physics practices. The investment will fund geographic expansion, scaling of shared services through Apex Physics Support Group, and continued operations from KGHP’s Towson, Maryland base.