Valterra Partners Provides $24M Growth Equity to AeroAggregates of North America

Vance Street Capital Invests in Aero Group Holdings (Tempest Aero Group)

April 4, 2023

Manufacturing

Los Angeles-based private equity firm Vance Street Capital has invested in Aero Group Holdings LLC, which operates Tempest Aero Group, a Burlington, North Carolina-based portfolio of FAA-PMA brands that design and manufacture replacement components for the general aviation market. Founders Tim Henderson and Mike Allen retain meaningful ownership, and Mike Allen will continue as CEO; financial terms were not disclosed.

Grundfos Acquires Newterra

August 22, 2025

Industrial Services

Danish water solutions leader Grundfos has acquired Newterra, a Pittsburgh-area designer and manufacturer of water and wastewater treatment systems, to strengthen its water treatment capabilities and expand its presence in North America. The deal boosts Grundfos' water treatment workforce in Europe and North America and supports its goal to grow its US business.

Ara Partners Acquires Majority Stake in Microtec Development & Holdings

September 16, 2025

Industrial Services

Ara Partners, a private investment firm focused on industrial decarbonization, has acquired a majority stake in Microtec Development & Holdings LLC to accelerate commercialization of Microtec's Turbo Mill technology and AggrePlex's PozzoDyne ground glass pozzolan. The investment will fund rollout of AggrePlex facilities across the United States and internationally to scale low‑carbon, waste‑to‑value construction materials and reduce concrete-related emissions.

Heidelberg Materials North America Acquires Highway Materials, Victory Rock and Aaron Materials

July 16, 2024

Building Products

Heidelberg Materials North America has agreed to acquire Highway Materials (Greater Philadelphia) and Victory Rock and Aaron Materials (both Texas), expanding its aggregates, asphalt and recycling operations across Pennsylvania and Texas. The transactions, which together with a prior acquisition total approximately $380 million in purchase price and expected post-synergy EBITDA of roughly $50 million, strengthen Heidelberg's regional footprint and circular construction capabilities.

Valedo Partners Invests in Proteria AS

January 31, 2023

Software

Valedo Partners III AB has made a growth investment in Proteria AS, a Norwegian provider of freight, transport administration and customs management software. The partnership will provide capital and competence to accelerate Proteria’s expansion and growth; Proteria’s previous owners, employees and board members also participated as investors.

Wavecrest Growth Partners Leads $35M Growth Investment in Volante Technologies

August 3, 2020

Payments & Fintech

Volante Technologies raised $35 million in growth equity financing led by Wavecrest Growth Partners with strategic participation from BNY Mellon, Citi Ventures, PostePay and Visa. The capital — Volante’s first outside investment after nearly two decades of organic growth — will be used to accelerate the company’s cloud expansion globally and extend its reach into new geographies, market segments and industry verticals.