Halifax Group Recapitalizes Q-mation

The Halifax Group Recapitalizes TriMech

January 7, 2020

Engineering Services

The Halifax Group completed a recapitalization of TriMech, a Richmond, Virginia–based provider of CAD and engineering design solutions, 3D printing systems, and related training, consulting, and staffing services. Halifax partnered with founder Steve Pelham and TriMech’s management team; prior owner McCarthy Capital exited its portfolio position. Terms were not disclosed.

The Halifax Group Invests in Case Facilities Management Solutions

January 19, 2022

Environmental Services

The Halifax Group completed an investment in Case Facilities Management Solutions, a provider of snow & ice management and commercial landscaping services, with founder and CEO Jason Case retaining a significant ownership stake and continuing to lead the company. The capital injection is intended to accelerate growth, support investments in the team and technology, and help Case FMS expand market share across its national and regional commercial customers.

Sentinel Capital Partners Recapitalizes TriMech

March 14, 2022

Engineering Services

Sentinel Capital Partners has recapitalized TriMech, acquiring a majority stake from The Halifax Group, which will remain a minority investor. The transaction (terms undisclosed) is financed with mezzanine notes led by Audax Private Debt and is intended to support TriMech's accelerated organic and acquisitive growth while CEO Marcel Matte and management remain in place.

Hexagon AB Acquires ETQ

February 25, 2022

Cloud & SaaS

Hexagon AB acquired ETQ, a Massachusetts-based provider of SaaS quality (QMS), EHS and compliance management software, for $1.2 billion in cash on a debt- and cash-free basis. ETQ—headquartered in Burlington, Massachusetts with ~185 employees and expected 2022 revenue of ~$75M—will join Hexagon’s Manufacturing Intelligence division to accelerate Hexagon’s cloud journey and expand its quality-management capabilities across manufacturing and regulated industries.

Hamilton Robinson and Gladstone Capital Recapitalize WorkforceQA

December 21, 2021

Staffing & HR

Hamilton Robinson Capital Partners, alongside WorkforceQA management, completed a recapitalization of WorkforceQA, a Salt Lake City–based tech-enabled third-party administrator of employee screening and compliance services. Gladstone Capital Corporation provided senior debt and a minority equity investment to support the transaction, which will fund technology and people investments and accelerate WorkforceQA's acquisition strategy.

Bow River Capital and RippleWorx Complete Majority Recapitalization of meQuilibrium

September 11, 2025

Cloud & SaaS

Bow River Capital's Software Growth Equity Team has completed a majority recapitalization of meQuilibrium, merging the company with RippleWorx to create a market-leading human capital management firm focused on workforce mental health and performance. The combined business will be dual‑headquartered in Denver and Boston, with meQuilibrium founder Jan Bruce leading and RippleWorx CEO Steve Foster serving as Chairman and Head of Revenue Growth.