Peak Rock Capital Affiliate Acquires Spatial Business Systems (SBS)

Spatial Business Systems Acquires GeoSpatial Innovations, Inc.

January 2, 2026

Cloud & SaaS

Spatial Business Systems, a portfolio company of Peak Rock Capital, has acquired GeoSpatial Innovations, Inc. (GSI), a provider of distribution design and vegetation management software for the power and utility industry. The add-on acquisition, which closed January 2, 2026, expands SBS’s intelligent design platform with GSI’s cloud-based Distribution Design Studio (DDS) and mobile Forester field offerings to better serve utilities and infrastructure customers across North America and Europe.

Affiliate of Peak Rock Capital Makes Strategic Growth Investment in Passport Technology

June 23, 2022

Payments & Fintech

An affiliate of Peak Rock Capital made a strategic growth investment in Passport Technology to provide capital and strategic support for the payments- and gaming-focused technology provider. The investment will help Passport expand its customer base, develop new technology-enabled products and services, and pursue additional strategic partnerships as it scales across additional end markets.

Peak Rock Capital Affiliate Acquires Seagull Scientific

December 21, 2022

Software

An affiliate of Peak Rock Capital has completed the acquisition of Seagull Scientific, the Bellevue, Washington–based developer of the BarTender labeling, barcode and RFID software platform. Peak Rock said it will support Seagull’s growth plan by accelerating the product roadmap and pursuing strategic acquisitions to expand the company’s capabilities and market reach.

BS&A Software Acquires Boyce Systems

February 18, 2025

Software

BS&A Software has acquired Boyce Systems and its Keystone municipal ERP software, strengthening BS&A's presence in Indiana and the broader Midwest. Boyce's customers will be migrated to BS&A's cloud-native ERP platform while Boyce leadership and a new Schools Division will continue to support Indiana municipalities and schools.

Stonepeak Acquires Boundary Street Capital

November 12, 2024

Financial Services

Stonepeak has agreed to acquire Boundary Street Capital, a specialist private credit investment manager focused on digital infrastructure, enterprise infrastructure software, and technology services for the lower middle market. The deal expands Stonepeak Credit's private credit capabilities and strengthens its digital infrastructure and technology services investing platform; terms were not disclosed and the transaction closed in January 2025.

Appian Way Capital Partners Acquires SBS Precision Sheet Metal

August 19, 2025

Manufacturing

Appian Way Capital Partners, a Dallas-based private equity firm, has acquired SBS Precision Sheet Metal, LLC, a Florida-based sheet metal fabrication and precision machining company founded in 1984. Madison Street Capital served as exclusive financial advisor to SBS Precision; terms of the transaction were not disclosed. SBS Precision supplies custom parts to military, aerospace and commercial customers.