New State Capital Partners Acquires Vast Coworking Group (Carve-out from United Franchise Group)

New State Capital Partners Acquires Majority Stake in The Expo Group

September 26, 2024

Marketing & Advertising

New State Capital Partners has acquired a majority stake in Irving, Texas-based The Expo Group, a provider of trade show and live event services across North America. The investment was made in partnership with Panos Partners and with reinvestment from The Expo Group's management and existing owners; New State plans to support organic growth and accelerate the company's trajectory through strategic M&A.

Ioffice Business Group Acquires United Spaces from Castellum

November 1, 2025

Real Estate

Ioffice Business Group has acquired United Spaces from Castellum to form Sweden’s largest flexible workspace group, combining their locations to manage approximately 67,500 square meters of flexible office space. The two brands will continue to operate independently while collaborating to improve profitability, customer experience and market leadership across Sweden.

Liftout Capital Acquires Majority Stake in Franchise Creator

August 15, 2023

Consulting

Denver-based Liftout Capital acquired a majority stake in Miami/Doral-based Franchise Creator, a franchise development and consulting firm; founder Hossein Kasmai will remain as CEO. True West Capital Partners provided financing to support the transaction, which Liftout said is intended to accelerate Franchise Creator's growth and expand its franchise development capabilities.

GovExec Acquires News Service of Florida; Expands City & State Platform

January 3, 2022

Media & Entertainment

GovExec has acquired News Service of Florida and will integrate the outlet into its City & State platform to launch City & State Florida. The transaction was completed with financial support from private equity firm Growth Catalyst Partners; terms were not disclosed and News Service of Florida will remain headquartered in Tallahassee, Florida.

New State Capital Partners Acquires AFIMAC Global Inc.

August 24, 2022

Professional Services

New State Capital Partners has acquired AFIMAC Global Inc., a provider of specialty business continuity solutions (staffing, security, logistics) in a carve-out from Dalton First Financial Inc. AFIMAC, headquartered near Cleveland, Ohio, will continue to be led by CEO Joe Schollaert as New State plans to grow the business organically and via add-on acquisitions to expand service lines and market share.

Vista Equity Partners Invests $150M in OfficeSpace Software

January 25, 2022

Cloud & SaaS

Vista Equity Partners has made an approximately $150 million strategic growth investment in OfficeSpace Software, a cloud-based workplace management platform, while existing investor Resurgens Technology Partners remains a significant shareholder. The capital will support OfficeSpace's product and go-to-market expansion as companies continue to adopt hybrid workplace tools.