Smartaira Acquires Assets of Direct Plus, LLC

SDC Capital Partners Acquires Majority Stake in Smartaira

May 3, 2022

Telecommunications

Funds managed by SDC Capital Partners acquired a majority interest in Consolidated Smart Systems, LLC (dba Smartaira), providing the multifamily-focused ISP with capital to accelerate organic growth and an acquisition strategy. SDC committed up to an additional $100 million to expand Smartaira’s footprint while Smartaira has already used the backing to close add-on acquisitions (including portfolios from Just In Time Technology Solutions and Blue Rim Networks).

Smartaira Acquires Florida-based Lux Speed Inc.

June 12, 2024

Telecommunications

Smartaira, a national multi-tenant internet service provider, has acquired Florida-based multifamily ISP Lux Speed Inc., expanding Smartaira’s footprint in the Southeastern United States. The deal adds Lux Speed’s portfolio of homeowner-association, condo-association, and multi-tenant rental property customers and employees to Smartaira’s operations.

SP Plus Corporation Acquires Assets and IP of DIVRT, Inc.

November 10, 2022

Software

SP Plus Corporation (SP+) acquired certain assets, all intellectual property, and a team of more than 20 engineers from DIVRT, Inc., a provider of cloud- and IoT-based frictionless parking technology. The acquisition brings DIVRT’s IP and a Bengaluru-based technology team into SP+ to strengthen its frictionless SaaS offerings and establish a technology innovation lab in India.

M/C Partners Acquires Bel Air Internet to Expand AerioConnect Platform in Southern California

December 21, 2020

Telecommunications

M/C Partners, a Boston-based private equity firm, has acquired Bel Air Internet, LLC (BAI) and will combine it with AerioConnect and Metro Fiber to form a larger regional ISP serving the greater Los Angeles market. Bel Air Internet provides internet, voice and video services to over 800 multi-family and commercial buildings in Los Angeles; the deal is an add-on to expand the AerioConnect platform and accelerate MDU broadband growth in Southern California.

TDR Capital V and I Squared Capital Acquire Majority Stake in Applus Services

June 14, 2024

Industrial Services

Amber EquityCo S.L.U., a vehicle formed and jointly controlled by TDR Capital and funds advised by I Squared Capital, has completed the acquisition of a majority stake in Applus Services, S.A. Applus is a global leader in testing, inspection, and certification (TIC), operating in 70+ countries with more than 26,000 employees and serving energy, automotive, aerospace and industrial markets.

JTS Direct Acquires Assets of MTI Connect

May 7, 2024

Marketing & Advertising

JTS Direct, a Hartland, Wisconsin-based full-service direct marketing printing and mailing company, acquired substantially all assets of MTI Connect's Milwaukee production facility and Phoenix sales office. The asset purchase will integrate MTI's Milwaukee production into JTS Direct's Hartland operations while keeping the Phoenix sales office uninterrupted; terms were not disclosed.