NewCastle Partners Acquires SPG International with Financing from Farragut and Route 2

FreightCar America Acquires Southern Parts & Equipment (SP&E)

July 21, 2026

Transportation

FreightCar America, Inc. (NASDAQ: RAIL) has completed the acquisition of Southern Parts & Equipment, Inc. (SP&E), a regional distributor of new, used, and reconditioned railcar parts and equipment. The deal expands FreightCar America's railcar aftermarket distribution capabilities and adds related consulting, inspections, and project services to broaden its aftermarket offering.

Kian Capital Partners and Apogem Capital Acquire SPATCO Energy Solutions via $230M Continuation Fund (RF Investment Partners Reinvests)

August 14, 2024

Energy

Kian Capital Partners and Apogem Capital led a $230 million continuation fund to acquire SPATCO Energy Solutions from RF Investment Partners, with RF reinvesting alongside the new fund. SPATCO, a Charlotte-based provider of fueling infrastructure sales, installation, maintenance and compliance services with ~1,000 employees and 33 offices across the U.S. and Canada, will continue its growth under the new ownership structure.

Specialty Program Group Acquires the Assets of Catapult Insurance Solutions

November 2, 2022

Insurance

Specialty Program Group LLC (SPG), a Summit, New Jersey-based operator of specialty insurance brokerages and underwriting facilities, acquired the assets of Catapult Insurance Solutions, a managing general agency and wholesale brokerage focused on construction and hard-to-place risks. The deal expands SPG's capabilities in the construction segment and adds Catapult's Lloyd's coverholder capacity and niche program infrastructure.

Hemingway Capital Leads Recapitalization of GTA Containers; Parkway Capital and Farragut Invest

March 15, 2022

Manufacturing

Hemingway Capital led a recapitalization of GTA Containers, LLC, partnering with the company's senior management. Parkway Capital and Farragut Capital Partners each provided subordinated debt and equity to support the transaction and to back GTA's growth and product expansion initiatives.

Altamont Capital Partners Acquires Specialized Packaging Group

January 6, 2021

Packaging

Altamont Capital Partners has acquired Specialized Packaging Group, Inc. (SPG) from founder Paul Gaulin. SPG is a vertically integrated manufacturer of protective and engineered packaging (operating the IVEX and Engineered Packaging divisions) with facilities across the U.S., Canada and Mexico; Gaulin is retiring as CEO but will remain on the board as a minority investor and Altamont plans to pursue growth, footprint expansion and potential add-on acquisitions. Terms were not disclosed; financing was provided by Monroe Capital and Churchill Asset Management.

Nautic Partners Acquires Spartech from Arsenal Capital Partners

October 21, 2019

Manufacturing

Nautic Partners, together with Spartech management, has completed the acquisition of Spartech, a Maryland Heights, Missouri-based manufacturer of engineered acrylics, extruded plastics and thermoformed packaging, from Arsenal Capital Partners. Nautic said it will partner with the long‑tenured Spartech management team to invest in new products, expand capabilities and pursue selective add‑on acquisitions to grow the business.