Peakline Partners Acquires Kalon Capital

Kele, Inc. Acquires Ponton Industries

May 13, 2025

Industrial Services

Kele, Inc., a portfolio company of The Stephens Group, has acquired Ponton Industries, an instrumentation sales and consulting firm headquartered in Yorba Linda, California. The add-on expands Kele's industrial automation and instrumentation footprint—particularly across the Western U.S.—and integrates Ponton's engineering consulting and technical support capabilities into the Kele Companies.

Pathstone Acquires Hall Capital Partners

October 16, 2024

Wealth Management

Pathstone, a partner-owned RIA backed by Kelso & Company and Lovell Minnick Partners, has agreed to acquire Hall Capital Partners to expand its investment capabilities and national footprint. Hall Capital brings roughly $45 billion in assets under advisement, about 180 team members across San Francisco and New York, and the deal will be supported by additional capital from Kelso, Lovell Minnick and Pathstone management.

Paceline Affiliate Provides $50 Million Investment to Kelso Industries

November 27, 2023

HVAC & Mechanical

An affiliate of Paceline Equity Partners has provided a $50 million investment to Kelso Industries, a portfolio company of Oxbow Equity Partners and Peterson Partners. The capital will be used by Kelso to fund acquisitions of complementary HVACR and mechanical building services businesses as it pursues inorganic growth. Kelso provides installation and maintenance services for HVACR, plumbing and process piping systems and is based in Phoenix, Arizona.

Peak Rock Capital Affiliate Acquires The Tranzonic Companies

August 16, 2022

Logistics & Distribution

An affiliate of Peak Rock Capital has completed the acquisition of The Tranzonic Companies, partnering with Tranzonic’s management team. Tranzonic is a national distributor and manufacturer of cleaning and hygiene products headquartered in Cleveland, Ohio, with a network of 16 facilities and more than 600 employees; Peak Rock plans to accelerate growth and pursue complementary add-on acquisitions.

Sole Source Capital-backed Peak Technologies Acquires Avalon Integration

January 10, 2022

IT Services

Sole Source Capital’s portfolio company Peak Technologies has acquired Avalon Integration, a Lebanon, New Jersey-based system integrator focused on digital supply chain, retail and mobile workforce solutions. The add-on expands Peak's geographic reach in the Northeast, strengthens capabilities in healthcare, pharmaceutical and grocery end markets, and creates cross-selling opportunities to enterprise customers; terms were not disclosed.

Solar Capital Ltd. Acquires Majority Stake in Kingsbridge Holdings LLC

November 3, 2020

Financial Services

Solar Capital Ltd. acquired an 87.5% majority stake in Kingsbridge Holdings LLC on November 3, 2020, investing approximately $216 million (about $136 million of equity and $80 million of debt). The stake was purchased from TZP Capital Partners II, LP and affiliates with Kingsbridge management rolling a portion of their equity; the acquisition expands Solar Capital's specialty finance platform by adding lease origination and asset finance capabilities through Kingsbridge's equipment leasing business based in Lake Forest, Illinois.