CITIC Capital Acquires ScentAir from Parthenon Capital

National Tree Company (Sun Capital) Acquires Scentsicles

October 5, 2022

Consumer Products

National Tree Company, a portfolio company of Sun Capital Partners, has acquired Scentsicles, an Atlanta-based market leader in scented seasonal ornaments. The acquisition adds a branded scented-ornament offering to National Tree’s holiday décor portfolio; Woodbridge International advised Scentsicles on the sale.

Saothair Capital Partners Acquires AAI (to be Renamed Air Products and Controls)

October 14, 2025

Manufacturing

Saothair Capital Partners has completed the acquisition of AAI from Halma Holdings Inc.; following the transaction AAI will be renamed Air Products and Controls (APC). Headquartered in Auburn Hills, Michigan, AAI designs and manufactures fire and life-safety detection devices (wireless smoke, heat and CO detectors) sold to residential security OEMs, HVAC and fire-system OEMs, and commercial distributors.

Saothair Capital Partners Acquires GatesAir

October 14, 2025

Manufacturing

Saothair Capital Partners has completed the acquisition of GatesAir, Inc. through a newly-formed affiliate. GatesAir, a 100+ year designer, manufacturer and installer of over-the-air broadcast and public safety communications equipment headquartered in Mason, Ohio, will continue to be led by President and CEO Barbara Spicek as Saothair invests to scale the business, broaden geographic presence, and expand its turnkey product and services portfolio.

Parthenon Capital Invests in RxSense

May 12, 2020

Healthcare Services

Parthenon Capital, a growth-oriented private equity firm, has made a significant growth investment in RxSense to support the company's expansion and product development. Proceeds will be used for growth initiatives as RxSense scales its pharmacy benefits technology platform and consumer prescription savings solutions.

Aroma360 Acquires Assets of NextScent and Launches Aroma360 Pro

March 25, 2024

Marketing & Advertising

Aroma360 has acquired the assets of NextScent Inc. and launched a new commercial services division, Aroma360 Pro, to expand its enterprise scenting and air-care capabilities. The deal brings NextScent’s patented Ventus air-care system and executive team into Aroma360’s portfolio to support multi-location businesses, hotels, casinos and other large venues worldwide.

Parthenon Capital Invests in AArete

June 24, 2025

Consulting

Parthenon Capital has made a strategic growth investment in AArete, a Chicago-based management and technology consulting firm specializing in profitability improvement and digital transformation for healthcare payers, financial services and the public sector. The capital will be used to accelerate growth initiatives, broaden AArete’s service offerings, and support acquisitions while existing employees and leaders remain significant shareholders.