Northleaf Capital Partners and AVALT Acquire WASH Multifamily Holdings from EQT

AVALT and VantEdge Launch Wall Works Holdings; Acquire Optimum Building Systems

May 5, 2025

Construction

AVALT and VantEdge formed Wall Works Holdings, a platform to partner with regional specialty contractors in the finishing trades, and announced the acquisition of Optimum Building Systems as the platform's second regional hub. Optimum, founded in 1990 and headquartered in Litchfield, New Hampshire, provides drywall, acoustic ceiling tile, waterproofing and exterior cladding installation services to general contractors across northern New England; terms were not disclosed.

Altamont Capital Partners Acquires Assets of WAVE Electronics, Inc.

March 18, 2021

Logistics & Distribution

Altamont Capital Partners has acquired certain assets of WAVE Electronics, Inc., a U.S. distributor of connected-home, audio/video, and residential security products with nine branches. The investment provides liquidity to support WAVE’s operations, expand inventory, and fund growth initiatives (including potential footprint expansion and acquisitions), while WAVE’s senior management will remain in place.

Oaktree Capital Invests Majority Growth Capital in Magnolia Wash Holdings

July 25, 2023

Automotive

Magnolia Wash Holdings, a Charlotte-based operator of express car washes (operating 93 locations with 25 more under construction), has received a growth capital investment from funds managed by Oaktree Capital Management, which acquired a majority ownership position. A&M Capital Opportunities Fund (AMCO) will retain a material minority stake; the capital will support Magnolia's continued expansion and membership-driven growth.

EQT Growth and EQT Ventures Invest in Wolt as Part of $530M Capital Raise

January 25, 2021

Restaurants & Hospitality

EQT Growth has made its first investment by participating in Wolt Enterprises Oy's $530 million capital raise, joining existing investor EQT Ventures. The capital injection will support Wolt's continued international expansion into new geographies and verticals; Wolt is a Helsinki-based food delivery platform operating across 23 countries.

Quala Acquires Two Tank Wash Facilities in Oakland and Walnut, California

May 27, 2021

Industrial Services

Quala has acquired two tank wash facilities in California — a facility in Oakland formerly operated by HTI and a facility in Walnut formerly operated by Bulk Transportation — expanding its service footprint in Northern and Southern California. The additions increase Quala's network as it continues to scale capacity and service offerings across North America (the company now operates 80+ locations).

EVI Industries Acquires ALCO Washer Center

July 31, 2023

Industrial Services

EVI Industries, Inc. (NYSE American: EVI) has executed a definitive agreement to acquire New Castle, Pennsylvania–based ALVF, Inc. dba ALCO Washer Center, a regional distributor of commercial laundry equipment that also provides installation and maintenance services. The deal expands EVI’s customer base and distribution and service footprint in the U.S. Northeast and represents the company’s 25th acquisition of a family‑owned commercial laundry business.