GenNx360 Capital Partners Acquires Heartland Business Systems

A&M Capital Opportunities Invests in Heartland Business Systems

October 6, 2022

IT Services

A&M Capital Opportunities (AMCO), the lower-middle-market strategy of Alvarez & Marsal Capital, has made an investment in Heartland Business Systems, a Little Chute, Wisconsin-based provider of IT services. The capital will support Heartland’s next phase of growth — including geographic expansion, new end markets and acquisitions — as the company pursues expansion across the Midwestern United States.

The Jordan Company (Resolute IV) Acquires Heartland Home Services

December 15, 2020

HVAC & Mechanical

An affiliate of The Resolute Fund IV (managed by The Jordan Company) acquired Heartland Home Services from North Branch Capital, with Cobepa taking a significant minority stake and North Branch remaining a minority investor. Carlyle's Global Credit platform led and structured the debt financing to support the transaction. The investment will provide Heartland with resources to drive operational efficiencies and pursue organic and inorganic growth across its Midwestern residential HVAC, plumbing, electrical and indoor air quality platform.

Titan Machinery Acquires Heartland AG Systems

August 2, 2022

Agriculture

Titan Machinery (NASDAQ: TITN) has acquired Heartland AG Systems, Inc., the largest CASE IH application equipment distributorship in North America and a leading distributor of sprayer parts and accessories. D.A. Davidson served as exclusive financial advisor to Heartland; the sellers were Heartland's ownership group (including Bob Caldwell, Gordon Glade and Jeff Keller). The acquisition expands Titan's parts, service and distribution footprint across the Midwest and western U.S.

HHAeXchange Acquires Generations Homecare System

July 8, 2024

Software

HHAeXchange, a PE-backed homecare management software platform, has acquired Generations Homecare System, a provider of agency management software used by over 700 customers. The deal strengthens HHAeXchange’s product capabilities, adds homecare technology talent, and expands its geographic footprint across additional U.S. states.

Nexus Capital Affiliate to Acquire HDT Global from Charlesbank Capital Partners

May 18, 2021

Aerospace & Defense

An affiliate of Nexus Capital Management LP has signed a definitive agreement to acquire HDT Global from Charlesbank Capital Partners. HDT, a Solon, Ohio–based manufacturer of expeditionary shelters, environmental control units, CBRN filtration systems, generators and other defense-focused equipment, will transition to Nexus pending customary approvals; financial terms were not disclosed.

Acrisure Acquires Heartland Payroll Solutions from Global Payments for $1.1B

May 28, 2025

Payments & Fintech

Acrisure has signed a definitive agreement to acquire Global Payments’ payroll business, Heartland Payroll Solutions, for $1.1 billion, a deal expected to close in the second half of 2025 subject to regulatory approvals. The acquisition will expand Acrisure’s payroll and HCM capabilities—bringing Heartland Payroll’s ~50,000 clients into Acrisure’s fintech ecosystem and advancing its strategy to broaden financial and back-office offerings for SMBs.