BlueWater Equity Partners Acquires Controlling Interest in The E3 Company; Assurance Mezzanine Funds Participation

Gladstone Investment and Xyresic Capital Acquire The E3 Company; Nocturne (Gladstone-backed) Acquires Exclusive 30A Rentals

September 8, 2023

Oil & Gas

Gladstone Investment Corporation partnered with Xyresic Capital to acquire The E3 Company, a Kilgore, Texas-based provider of pressure management solutions for oil and gas well completions, investing $46.0 million in a combination of senior secured debt and equity. Separately, Gladstone expanded its investment in its portfolio company Nocturne Luxury Villas by financing Nocturne’s acquisition of Exclusive 30A Rentals (more than 100 properties) via an $18.7 million senior secured loan.

Alera Group Acquires E3 Outsource

March 24, 2021

Professional Services

Alera Group has acquired E3 Outsource, an employee benefits management and technology firm based in Lake Mary, Florida. The acquisition adds E3's Employee Benefits Helpline and Benefits Coaches to Alera's national services, enabling expanded employee benefits advocacy and support for Alera clients across the country.

E-3 Tech Acquires Sylvan Inc.

March 18, 2025

Industrial Services

E-3 Tech, LLC has acquired Sylvan Inc., a North American multi-trade construction and MEP services provider, with participation from Andreessen Horowitz (a16z), Blue Point Capital Partners and Sylvan management. Blue Point Capital, the exiting sponsor, rolled a portion of its equity into the deal; the partnership positions Sylvan to scale via built‑tech enablement and a programmatic M&A strategy.

Arthur J. Gallagher & Co. Acquires e3 Financial

January 12, 2015

Insurance

Arthur J. Gallagher & Co. (AJG) acquired employee benefits brokerage e3 Financial of Newport Beach, California. The acquisition expands Gallagher's West Coast employee benefits capabilities and integrates e3's HR administration and benefits consulting team into Gallagher's Western benefits operations; financial terms were not disclosed.

New Mountain Capital & Endicott Capital Acquire 3E from Verisk

March 14, 2022

Data & Analytics

New Mountain Capital, together with Endicott Capital, has closed the acquisition of 3E from Verisk, with New Mountain serving as the control investor. 3E is an environmental health & safety (EHS) data and software provider serving roughly 5,000 customers worldwide; the buyers plan to invest in product innovation, market expansion, and strategic M&A to accelerate growth.

Assure Holdings Acquires Elevation EP, LLC

March 15, 2021

Healthcare Services

Assure Holdings Corp. acquired the assets of Elevation EP, LLC, a Dallas–Fort Worth based intraoperative neuromonitoring (IONM) services provider, via an asset purchase effective March 15, 2021. The acquisition expands Assure's presence in Texas, adds Elevation's contracts, employees and relationships, and is intended to drive scale and new in-network payor negotiations in the local market.