Velocity One (Charlesbank) Acquires EMCORE to Form Aerospace & Defense Platform

Velocity One Acquires Kaney Aerospace

February 24, 2026

Aerospace & Defense

Velocity One, an aerospace and defense platform backed by Charlesbank Capital Partners, acquired Kaney Aerospace. Kaney is headquartered in Rockford, Illinois and provides electromechanical actuation, motion control, and advanced power solutions for aerospace and medical applications, including system integration and certified repair station capabilities.

Xcelerate Solutions (McNally Capital Portfolio) Merges with VMD Corp

February 7, 2024

Cybersecurity

McNally Capital portfolio company Xcelerate Solutions has merged with VMD Corp, a cybersecurity, agile engineering, and critical infrastructure protection firm based in Fairfax, Virginia. The combined company will operate as Xcelerate Solutions and brings together more than 1,000 technology professionals to expand capabilities and contracts across the federal, defense, law enforcement, and national security markets.

Navisite Acquires Velocity Technology Solutions

January 6, 2021

Cloud & SaaS

Navisite, backed by Madison Dearborn Partners, has acquired Velocity Technology Solutions, a global cloud managed service provider headquartered in Charlotte, North Carolina. The acquisition expands Navisite’s managed cloud and enterprise application (ERP) capabilities — adding Velocity’s VCAMP platform, ERP application expertise and broader public-cloud managed services to Navisite’s portfolio.

EMCOR Group Acquires ECM Holding Group

July 5, 2023

Energy

EMCOR Group, Inc. has agreed to acquire ECM Holding Group, Inc., a national energy-efficiency specialty services firm headquartered in Oshkosh, Wisconsin, in an all-cash transaction. The acquisition expands EMCOR's energy efficiency and sustainability services capabilities, adding ECM's HVAC, lighting, water, weatherization and airflow management offerings (ECM had estimated 2023 revenues of $60 million).

Madison Bidco Ltd (consortium led by Lightrock, Carbon Direct Capital, GenZero and Kibo) to Acquire Velocys

December 6, 2023

Renewable Energy

Madison Bidco Ltd., a newly formed acquisition vehicle indirectly owned by a consortium including Lightrock, Carbon Direct Capital, GenZero and Kibo Investments, has reached agreement to acquire U.K.-based sustainable aviation fuel developer Velocys in a recommended cash offer. The transaction includes a payment of 0.25 pence per Velocys share and up to $40 million of growth capital from Bidco to support Velocys’ medium-term plans; a £3.5 million secured bridging loan has also been provided by the Carbon Direct Fund to fund operations until closing.

Bombardier Acquires Velocity Maintenance Solutions

February 9, 2026

IT Services

Bombardier acquired Velocity Maintenance Solutions, a maintenance, repair and overhaul (MRO) and aircraft-on-ground services provider, to expand its U.S. services footprint. The deal was completed through Bombardier’s U.S. subsidiary, Learjet Inc., with financial terms not disclosed.