Hearthstone Holdings (UIF) Acquires Hope Gas from Dominion Energy

Five Point Holdings to Acquire Controlling Interest in Hearthstone Residential Holdings

June 20, 2025

Real Estate

Five Point Holdings, LLC entered into a definitive agreement to acquire a controlling 75% interest in Hearthstone Residential Holdings, LLC, a newly formed entity that will include substantially all of Hearthstone’s operations. The venture is designed to expand access to flexible, off-balance sheet capital for U.S. homebuilders using land-light strategies, combining Five Point’s development expertise with Hearthstone’s capital solutions platform.

UMB Financial Corporation Acquires Heartland Financial USA, Inc.

April 29, 2024

Financial Services

UMB Financial Corporation completed its previously announced all-stock acquisition of Heartland Financial USA, Inc., creating a larger regional bank with approximately $68 billion in assets and expanded operations across 13 states. The deal (announced at an implied value of about $2.0 billion and using a 0.55 share exchange ratio) increases UMB's private wealth AUM by roughly 31–32%, adds more than 100 branches and ATMs, and brings HTLF operations onto UMB platforms before full brand conversion.

United Utility Services Acquires BHI Power Delivery from Westinghouse

February 13, 2023

Infrastructure

United Utility Services, a Bernhard Capital Partners-backed utility services platform, has acquired BHI Power Delivery from Westinghouse Electric Company. The acquisition adds BHI’s transmission, substation and distribution capabilities and more than 1,200 employees and 170+ crews, expanding United Utility’s geographic footprint and creating one of the largest independent U.S. transmission & distribution services providers.

Vehicle Accessories Acquires Hope Valley

December 18, 2020

Automotive

Vehicle Accessories, Inc. (a portfolio company of Kinderhook Industries) acquired HV Industries (Hope Valley), a manufacturer of precision all-weather floor mats for automotive OEMs. The deal is VAI's fifth add-on under Kinderhook and expands VAI's product portfolio and OEM relationships in the pickup truck and SUV markets; financial terms were not disclosed.

Vicinity Energy Acquires Morgantown Energy Associates (WVU District Energy System)

July 7, 2020

Energy

Vicinity Energy has acquired Morgantown Energy Associates, the district energy system serving West Virginia University in Morgantown, West Virginia, from an investment affiliate of Starwood Energy Group Global, L.L.C. Vicinity plans to convert the system away from coal to primarily natural gas (with ULSD backup), invest in additional dual-fuel boilers, and reduce the system's carbon footprint and local air pollutants while expanding its U.S. district energy footprint.

DOMINION Acquires International Chimney Corporation (ICC)

November 17, 2016

Industrial Services

Spanish engineering and multi-technology services group DOMINION has acquired Williamsville, New York–headquartered International Chimney Corporation (ICC) for $15 million. The purchase strengthens DOMINION's U.S. industrial services footprint and complements its existing portfolio of complex solutions and recent U.S. deals, adding a recurring revenue business (estimated $35–40M annual turnover).