Acquisitions in Texas, United States

PAK Quality Foods LLC, a portfolio company of Cross Rapids Capital, acquired substantially all assets of Vernon Transportation LP and AmTex HR Foods LLP, Inc., operating as H&R Foods. H&R Foods is an employee-owned food distributor based in Amarillo serving foodservice, retail, and institutional customers across multiple states. H&R Foods leaders John and Barry Vernon will continue to run the business under PAK Quality Foods.

WNS (Holdings) Limited announced it has acquired Kipi.ai to expand its data, analytics, and AI capabilities, particularly around the Snowflake platform. Kipi.ai, headquartered in Houston, Texas, provides data modernization services spanning data engineering, advanced analytics, and data science, and the deal is expected to help accelerate WNS’ Analytics and AI practice across industries.

The Sunland Family of Companies acquired Midland-based Big Bend Services LLC, a provider of diversified drilling services including conductor (rathole) drilling, pre-set surface drilling, civil/foundation drilling, and renewable drilling. Big Bend will retain its name, principals, and employees while continuing operations under Sunland’s umbrella as Sunland expands its geographic footprint and service capabilities.

Del Monte Capital (DMC) completed a majority recapitalization of the Cornerstone companies, Cornerstone Excavating and Cornerstone On-Site Concrete. The businesses, which operate primarily in the Dallas–Fort Worth area, provide specialty excavation, underground utility installation, and on-site concrete production services for mission-critical infrastructure projects. Founder David Stocker will retain an ownership stake and support the business as a consultant, while President David Owen gained significant ownership and will continue to lead operations.

Synerion USA Inc., a cloud-based workforce management software provider, announced the acquisition of Qumulex Inc., a cloud-native video surveillance and access control platform. The deal expands Synerion’s offerings into the physical security market, enhancing its access control and video surveillance capabilities as part of its broader growth strategy.

Tarantula Corporation, a railroad holding company that owns Fort Worth & Western Railroad (FWWR), has acquired Texas Central Railroad from Birdsong Corporation. FWWR has leased and operated Texas Central Railroad since 1998, and Tarantula said the acquisition will enable greater investment in maintenance and infrastructure to improve service and support future rail-served development along the line. The purchase was finalized on June 30 following more than two years of planning and negotiations.

Asure (NASDAQ: ASUR) acquired HireClick to expand its cloud-based Human Capital Management (HCM) software suite with an intuitive, AI-powered applicant tracking system. The acquisition adds HireClick’s end-to-end recruiting capabilities—job posting, applicant tracking, candidate communications, and AI-assisted job descriptions—aimed at small and mid-sized businesses.

The Cook & Boardman Group LLC announced the acquisition of Brymer Communication Services, LLC dba BryComm, a Texas-based provider of infrastructure network design engineering, installation, and maintenance services. BryComm will continue operating under its existing name, and transaction terms were not disclosed. The deal represents Cook & Boardman’s seventh acquisition since Platinum Equity acquired a majority interest in the company in 2023.

ToxStrategies, a scientific consulting firm and portfolio company of Renovus Capital Partners, acquired Suttons Creek, a consultancy focused on combination product development services across the pharmaceutical product lifecycle. The deal expands ToxStrategies’ capabilities in areas such as regulatory, quality, and human factors/usability engineering for drug, biologic, and device-related development and commercialization. Transaction terms were not disclosed, and Suttons Creek will continue to be led by founder Steven Badelt as a division of ToxStrategies.

Summer PBC, a student loan repayment and college savings benefits provider, acquired Vault Student Loan Benefits (formerly Student Loan Genius) in an all-cash deal. Summer is acquiring certain Vault assets, intellectual property, and select client contracts, and plans to phase out Vault’s existing products while integrating Vault’s team, technology, and expertise to expand Summer’s student loan and education benefits offering for employers.

Truelink Capital Management has closed its acquisition of Air Distribution Technologies from Johnson Controls, with financial terms not disclosed. Following the transaction, Air Distribution Technologies will operate as an independent company under Truelink’s ownership, continuing to be led by Doug Schuster.

PSC Group announced it has acquired Delta Petroleum Company, expanding PSC’s on-site logistics and repair services footprint in the petrochemical sector. Following the transaction, Delta will be owned by PSC Group and will no longer be a subsidiary of Greif, Inc. PSC Group is a portfolio company of private equity firm TJC LP.

Amberjack Capital Partners announced the successful exit of its investment in Best Trash, a municipal solid waste and recycling collection business. Best Trash, headquartered in Richmond, Texas, provides residential waste and recycling services across the greater Houston metro region. Financial terms of the transaction were not disclosed, and the buyer was not named in the announcement.

Andronaco Industries acquired Diamond Companies, comprising Diamond Fiberglass (a designer and manufacturer of fluid management vessels and tanks) and Diamond Services (a non-metallic industrial services business). The combined business will operate under the rebranded name Diamond Fiberglass Systems and Services, an Andronaco Industries Company, expanding Andronaco’s corrosion-resistant flow control and fluid management offerings.

True Environmental, a Halle Capital-backed environmental consulting and engineering platform, announced the acquisition of Sphere 3 Environmental, Inc. The combination adds Sphere 3’s multidisciplinary environmental consulting capabilities to True Environmental’s platform as it continues building a best-in-class environmental services organization.

EVI Industries Inc. has completed the acquisition of Ed Brown Distributors, a Dallas-based distributor of commercial laundry products that also provides installation and maintenance services. The purchase consideration was paid in cash, though the amount was not disclosed. Ed Brown will continue operating under its existing name with its current team to support EVI’s growth objectives in the central United States.

Security Services Holdings LLC ("Protos"), backed by Southfield Capital, has completed the acquisition of Summit Off Duty Services, an off-duty police officer security provider. Headquartered in Irving, Texas, Summit expands Protos’ off-duty law enforcement offering and represents Protos’ tenth acquisition since partnering with Southfield Capital.

Renovus Capital Partners acquired a majority stake in Case Works, LLC, a tech-enabled legal services company serving plaintiff law firms. The investment will support Case Works’ product expansion, team growth, entry into new legal-services segments, and pursuit of strategic acquisitions.

7-Eleven announced it has completed the acquisition of Stripes Convenience Stores from Sunoco LP, adding Stripes’ convenience store footprint to its network. The transaction also brings Laredo Taco Company restaurants under 7-Eleven’s ownership. The deal was reported to be valued at roughly $1 billion and includes a combined 204 store locations.

Hose of South Texas (HOST), a value-added distributor of industrial and hydraulic hoses based in Corpus Christi, Texas, has joined TIPCO Technologies. TIPCO is a portfolio company of private equity firm Platte River Equity, and the transaction expands TIPCO’s presence in Texas and increases its footprint to 31 locations across 15 states.

Sun Auto Tire & Service acquired Carrollton Complete Automotive to support its expansion across Texas. The deal adds Carrollton Complete Automotive’s full-service automotive repair and tire offerings to Sun Auto’s network, extending Sun Auto’s nationwide warranty program and employee benefits to the acquired location’s customers and staff.

RapidFire Safety & Security acquired Texas Star Fire Systems, a fire protection and life safety services provider, marking RapidFire’s entry into the Texas market. Texas Star, based in Austin with operations in Austin and San Antonio, will serve as RapidFire’s anchor platform for expansion across major Texas metros and the South-Central region. RapidFire is backed by Concentric Equity Partners, and Texas Star’s president Mark Procyk will continue in a regional leadership role while retaining a significant ownership stake in the RapidFire platform.

Impact Home Services acquired Panther Overhead Door, LLC, a leading Precision Garage Door Service franchisee within the Neighborly system. Impact Home Services was formed in 2021 and partnered with private equity firm Eagle Merchant Partners in 2023; deal terms were not disclosed.

Sapience Analytics announced a large new growth investment from Kayne Anderson Growth Capital to support continued expansion of its workforce analytics SaaS platform. The funding will help accelerate Sapience Analytics’ go-to-market strategy and further develop offerings including its enterprise workforce "VUE" and contingent workforce "transparenSEE" solutions.

Varsity Healthcare Partners (VHP) has completed the sale of Angels of Care (AOC) to Nautic Partners, with financial terms not disclosed. Angels of Care is a McKinney, Texas-based provider of pediatric home health services for patients with complex medical conditions.

PAX Services Group, a portfolio company of New State Capital Partners, acquired San Antonio-based Cram Roofing to expand PAX’s roofing and exterior services footprint in Texas. Cram Roofing’s management team will remain in place, and financial terms were not disclosed.

Ridgewood Infrastructure LLC acquired Waste Resources Management (WRM), a Houston-based provider of wastewater collection, treatment, and disposal services for commercial and industrial customers. WRM operates 13 liquid and wastewater treatment facilities across high-growth regions of the U.S., and owns several related businesses including SouthWaste Disposal LLC, Silver City Processing, and McDonald Farms Enterprises Inc.

Groundworks acquired URETEK South, a Haltom City, Texas-based provider of commercial and industrial concrete lifting, foundation repair, and soil stabilization services using polymer solutions. The deal expands Groundworks into the commercial poly market and adds URETEK South’s expertise and product capabilities to Groundworks’ national foundation and water management platform.

Samyang Holdings acquired the management rights of U.S.-based specialty chemical manufacturer Verdant Specialty Solutions from private equity firm OpenGate Capital for approximately USD 250 million. Verdant will be incorporated as a subsidiary of Samyang Holdings, supporting Samyang Group’s strategy to expand its global specialty materials business.

BP Energy Partners LLC acquired Odessa American Industrial Machine (AIM), a portfolio company of AAVIN Equity Advisors LLC. AIM is based in Odessa, Texas and provides mission-critical repair, maintenance, refurbishing, and fabrication services and parts for industrial engine and compressor equipment used in natural gas transportation.

KB Components, a Swedish industrial group, acquired QT Industries, LLC (doing business as QT Manufacturing), a domestic contract manufacturer specializing in plastic injection molding and precision CNC machining. The deal expands KB Components’ presence in the Dallas/Fort Worth area and adds QT Industries to its global manufacturing portfolio.

Benford Capital Partners and its portfolio company Gum Products International, Inc. (GPI) acquired International Protein Colloids, Inc. (IPC). Based in Venus, Texas, IPC produces gelatin and other protein-based ingredient blends for pet treat and pet food manufacturers, and will continue operating under President David Walsh as the deal expands GPI’s pet end-market presence and product portfolio.

Siris entered into a definitive agreement to acquire BearCom, a North American provider and integrator of wireless communications and security technologies. BearCom will gain additional resources to pursue growth areas including private mobile networks, video security technology, and large-scale event and industrial solutions. BearCom is being acquired from Bertram Capital; financial terms were not disclosed.

Epicor acquired Elite EXTRA, a provider of cloud-based last mile delivery and logistics management solutions. The deal adds advanced last mile delivery, returns (reverse logistics), routing and dispatch capabilities to Epicor’s industry-specific ERP and productivity software portfolio; financial terms were not disclosed.

Guardian Fleet Services acquired Euless B&B Wrecker Service as part of its expansion beyond Florida, marking Guardian’s entry into the Texas market. The deal adds a long-established towing and recovery provider in Euless, Texas to Guardian’s nationwide platform, with Andy and Debi Chesney expected to remain involved in leadership going forward.

Lincoln Road Global Management, LLC acquired Silversand Services and SLI Landscape and will combine them with its existing investment, Zodega Landscaping, under the Silversand Services name. The combined business will create a larger commercial landscaping provider serving the Greater Houston area and other Texas markets; financial terms were not disclosed.

NewSpring Mezzanine, the private credit strategy of NewSpring, invested subordinated debt and equity in TruFit Athletic Clubs. TruFit operates a low-cost, high-value gym network with 36 locations across Texas and is expanding into the greater Nashville area.

Wind Point Partners has sold its portfolio company Critica Infrastructure, a Houston-based provider of critical infrastructure repair and rehabilitation solutions, to Henkel AG & Co. KGaA. Critica supplies engineered products and related support services used to maintain and repair industrial pipework and municipal water and wastewater infrastructure.

Viking Fence, in partnership with private equity firm Crossplane Capital, has acquired Hook-N-Haul Dumpsters, a provider of dumpster rental services in the greater Austin area. The acquisition expands Viking Fence’s temporary site services platform by adding dumpster rentals alongside its existing fence, sanitation, and portable storage offerings across Texas.

Integrated Power Services (IPS) has acquired Lighthouse Global Energy, an Abilene, Texas-based OEM wind turbine parts supplier and manufacturer. The deal expands IPS’s capabilities in utility-scale renewable energy power generation by adding Lighthouse’s wind parts distribution, in-house engineering, testing, and repair expertise, strengthening IPS’s presence in the West Texas wind market.

Talent Groups, an IT talent solutions and recruiting company, acquired Dallas-based talent solution providers Abacus Technical Services and The InSource Group for undisclosed terms. Osceola Capital, an investor in Talent Groups, highlighted that the acquisitions further expand Talent Groups’ platform and follow several prior acquisitions since its initial 2018 investment.

Celero Commerce, a U.S. non-bank payment processor, announced the acquisition of Finical, a provider of electronic payments technology. The deal adds Dallas-based Finical to Celero’s platform and brings Celero’s total to ten acquisitions since late 2018, with expected annual card volume processing of approximately $25 billion.

Bazaarvoice announced the acquisition of the affable.ai creator marketing platform from Affable Technologies. The deal adds AI-driven creator discovery and management capabilities to Bazaarvoice’s existing creator-managed services, aiming to provide an integrated content supply chain from awareness through conversion.

Unity Partners LP completed a majority investment in Poolie, an Austin, Texas-based pool services company. The private transaction terms were not disclosed, and the partnership is intended to support Poolie’s expansion through operational initiatives and potential future strategic M&A.

SageHome, an aging-in-place bath remodeling services provider backed by Cairngorm Capital, has acquired Safe Showers LLC. The deal expands SageHome’s footprint into Texas and across the southern United States, further accelerating its acquisition-driven growth strategy. Safe Showers’ leadership team, including CEO Chris Edelen and CFO Joan Edelen, will continue to lead the business within the SageHome group.

Movate, a digital technology and customer experience (CX) services provider and portfolio company of Capital Square Partners, announced it has acquired TSD Global. The deal expands Movate’s delivery footprint—particularly in the Philippines—and extends its outsourced sales and CX services capabilities into South Africa.

Stonehenge Partners made a minority growth investment in Stratus Surfaces, an importer and distributor of natural stone, quartz, and porcelain slabs for high-end residential and commercial projects. The investment is intended to support Stratus’ continued expansion into new U.S. markets and positions the company to pursue acquisition opportunities.

Plexus Capital announced an investment in Texwin Metal Buildings, a manufacturer and retailer of portable buildings and custom metal structures operating under the Winslows Custom Buildings brand. Texwin serves customers across Texas, Louisiana, Oklahoma, and Arkansas from its headquarters in Wills Point, Texas.

KLH Capital partnered with the management team of Miller Integrated Solutions to complete a management buyout of the company. Miller Integrated Solutions, headquartered in Deer Park, Texas, provides industrial cleaning, environmental, and mechanical services across Gulf Coast end markets, and its CEO MJ Olsson and senior leadership team will remain shareholders in the new partnership.

OMERS Private Equity signed a definitive agreement to acquire a majority stake in Knight Commercial, a provider of commercial restoration, mitigation, reconstruction, and roofing services. Knight Commercial’s co-founders, Adam McKelvey and Peter Tredennick, will remain significant shareholders, and proceeds will be used to expand the company’s footprint and support growth through M&A.

One80 Intermediaries, a specialty insurance broker headquartered in Boston, announced it has acquired the assets of Enviant from Euclid Program Managers. Enviant, based in Houston, Texas, provides environmental insurance products and services, including underwriting, engineering, and claims solutions; financial terms were not disclosed.

Havencrest Capital Management announced two new healthcare platform investments: Deep Eddy Psychotherapy, an outpatient mental health provider in Texas, and Avid Health at Home, a non-medical home care platform. Avid was formed in connection with the acquisition of Chicago-based For Papa's Sake Home Care, a provider serving the greater Chicago area.

Priority Power Management has acquired the business of Atlas Retail Energy, an energy procurement organization serving customers across the United States. The deal expands Priority Power’s market reach and provides Atlas clients access to additional products, services, and Priority Power’s proprietary pricing and data system. Atlas will continue operating under the Atlas Retail Energy brand, powered by Priority Power.

The Purple Guys completed the acquisitions of Advantex and Herrod Technology, two Texas-based managed IT service providers. The deals expand The Purple Guys’ presence in Texas, adding a strategic entry into Houston and increasing density and service capabilities across the broader Dallas metroplex. The Purple Guys’ M&A program is backed by its partnership with Kian Capital and ParkSouth Ventures.

Trive Capital acquired Hypergiant Industries, an AI-enabled defense platform and solutions company, to complement its existing portfolio company, Forward Slope. Hypergiant’s CEO Mike Betzer will continue to lead the business as it scales its cloud-based command-and-control and geospatial data visualization software offerings. Financial terms were not disclosed.

CoolSys, Inc. acquired 1GNITE Solutions, LLC, with Transitus Capital serving as 1GNITE’s exclusive financial advisor. 1GNITE provides recommerce and asset recovery services for self-contained commercial refrigeration equipment, and the deal expands CoolSys’ service offering and reach across thousands of U.S. client facilities.

Conner Industries Inc. acquired Guardian Packaging Industries LP, an integrated packaging provider specializing in foam cutting and packaging solutions combining wood, foam, and corrugate. The transaction also includes Guardian’s Southwest Air Products division in Garland, Texas, which manufactures adhesive foam tapes, expanding Conner’s integrated packaging footprint in the Dallas/Fort Worth Metroplex.

Evantic, a portfolio company of Edgewater Capital Partners, has acquired Plastic Distributors and Fabricators, LLC (PDF). PDF manufactures and fabricates high-precision plastic components, and the acquisition expands Evantic’s engineered polymer solutions capabilities and presence in strategic end markets including semiconductor, life sciences, and aerospace & defense.

Bloomfire has acquired Seva, Inc., a customer support SaaS company, to strengthen its enterprise knowledge management platform and expand capabilities in generative AI and conversational AI. Seva founder and former CEO Sanjay Jain will join Bloomfire as Chief Technology Officer as the companies integrate Seva’s AI and federated search functionality into Bloomfire’s platform.

Marlin Equity Partners completed a majority growth investment in LineLeader by ChildcareCRM, a provider of SaaS software and digital payment solutions for the early childcare education market. Growth Street Partners and other existing shareholders will retain a minority stake following Marlin’s investment.

Sverica Capital Management announced a strategic growth investment in Zyston, a provider of end-to-end cybersecurity solutions and managed detection and response services. Zyston will continue to be led by founder and CEO Craig Stamm, and Sverica representatives will join Zyston’s board as part of the transaction.

Modine acquired Napps Technology, a manufacturer of air- and water-cooled chillers, condensing units, and heat pumps serving the K-12 school market and similar applications. The deal expands Modine’s indoor air quality and small-tonnage chiller offerings, and Modine will continue manufacturing in Longview, Texas with Napps Technology’s president Sam Neale joining Modine.

P3 Services, a multi-regional plumbing services platform backed by Stellex Capital Management, announced the acquisition of Anchor Plumbing in San Antonio, Texas. The deal expands P3’s presence in the Southwest as it continues a strategy of geographic expansion through acquisitions across the United States.

Matrix Renewables, a TPG Rise-backed renewable energy platform, acquired the Stillhouse Solar Project, a 284 MWdc late-stage solar development in Bell County, Texas, from OCI Solar Power. The project is expected to begin construction in 2024 with commercial operations targeted for 2025.

Caltius Structured Capital made a significant debt and equity investment in AspireHR, a human capital management (HCM) implementation, software, and managed services firm. The investment is intended to accelerate AspireHR’s growth and fund innovation in its software platform and service offerings.

LongueVue Capital (LVC) made a growth capital investment in Global Gourmet Food Solutions to support the company’s continued expansion in frozen, specialty ready-to-cook and ready-to-eat international cuisine products. Global Gourmet is headquartered in Garland, Texas and serves customers nationwide across retail, food service, distribution, education, and institutional end markets.

HTS Eng. Ltd. entered into an agreement with the owners of Arlington, Texas-based Oslin Nation to acquire the hydronics and plumbing manufacturers’ representative. The deal expands HTS Texas’ HVAC and building automation controls offerings by adding hydronic product lines and strengthening its footprint in the Texas commercial and industrial building market. Financial terms were not disclosed.

Capital Constellation, an investment platform managed by Wafra Inc., announced a strategic minority investment in Greenbelt Capital Partners. Greenbelt is an Austin, Texas-based middle-market private equity firm focused on opportunities tied to the energy transition and the “New Energy Economy.”

Riveron, a national business advisory firm focused on CFO services and private equity clients, entered into a definitive agreement to be acquired by affiliates of Kohlberg & Company. H.I.G. Capital will continue its partnership with Riveron through a minority investment, and a significant portion of Riveron employees will also remain equity owners. Financial terms were not disclosed and the deal is expected to close in July, subject to customary approvals and conditions.

Loopback Analytics announced a strategic growth investment from PSG to accelerate its growth and expand offerings for health systems and life sciences organizations. The investment will support further development of Loopback’s data and analytics capabilities, including payor access services and therapy-specific outcomes initiatives, with founder Neil Smiley continuing as CEO.

UES, a national engineering and consulting company, has acquired Riner Engineering, a Houston, Texas-based geotechnical engineering and construction materials testing and inspection firm. The acquisition expands UES’ geotechnical and materials testing capabilities and strengthens its presence in the Texas market, with Riner’s leadership continuing day-to-day operations under UES’ Texas Region.

Equine Network, a portfolio company of Growth Catalyst Partners, acquired Pink Buckle and Ruby Buckle, a series of barrel racing competitions. Stellus Capital Management provided senior debt (unitranche) financing through its affiliates to support the transaction. The acquisition expands Equine Network’s Western Sports Group offerings and supports its broader growth strategy in the equine industry.

Convergint, a global service-based systems integrator, has acquired Ballou Fire Systems, LLC, a Houston-based integrator of electronic life safety, security, and communications systems. The deal expands Convergint’s fire alarm and life safety capabilities in the Houston and South-Central region and strengthens its service offerings across healthcare, education, and commercial end markets.

Bowman Consulting Group Ltd. (NASDAQ: BWMN) has acquired MTX Surveying, Inc., a geospatial, land survey, aerial mapping, and project management firm headquartered in Marshall, Texas. MTX’s team will join Bowman, expanding Bowman’s energy- and utilities-oriented geospatial and surveying capabilities across markets including oil & gas, renewables, utilities, and land development. The transaction was financed with a mix of cash, seller notes, and equity and is expected to be immediately accretive.

Lightning Step, backed by Gallant Capital Partners, has sold its wholly owned revenue cycle management services subsidiary, AVA Billing & Consulting, to Medusind, an Alpine Investors portfolio company. The divestiture is intended to sharpen Lightning Step’s focus on its core all-in-one behavioral health software platform while positioning AVA to expand its RCM services under Medusind. Financial terms were not disclosed.

The Kleinfelder Group, Inc., a Wind Point Partners portfolio company, acquired Doucet & Associates, Inc. to expand Kleinfelder’s engineering and environmental professional services footprint in Texas. Headquartered in Austin, Texas, Doucet provides civil engineering, environmental permitting, surveying, and construction management services across multiple end markets statewide.

Allied Industrial Partners LLC announced a significant investment in Mat Tech Industrial Services, a provider of specialty rental and waste management/environmental services for industrial customers. Mat Tech will continue to be led by founder and CEO Mike Tinnin in partnership with Allied, and financial terms were not disclosed. The deal is described as Allied’s fifth platform investment.

Iron Path Capital-backed Capitol Pain Institute (CPI) acquired Balcones Pain Consultants and Water Leaf Surgery Center to expand CPI’s interventional pain management platform in Central Texas. The partnership adds three clinics and one ambulatory surgical center in the Austin metropolitan area, strengthening CPI’s footprint in Texas and supporting further regional growth.

Gemini-backed portfolio company Westco acquired Champions Hydro-Lawn, a commercial erosion control and turf establishment specialist serving the greater Houston market. The combination is intended to create one of the largest commercial landscaping platforms in the Houston area, expanding service capabilities for MUDs, HOAs, municipalities, and other commercial clients.

Live Oak Environmental, a portfolio company of Kinderhook Industries, acquired Piney Woods Sanitation Inc., a solid waste collection provider headquartered in Huntington, Texas. The deal marks Live Oak’s fifth add-on acquisition since July 2021, further expanding its municipal, commercial, and industrial waste collection footprint in East Texas. Financial terms were not disclosed.

Covanta Holding Corporation acquired Circon Holdings, Inc., a provider of environmental and waste management services, in a transaction advised by Brown Gibbons Lang & Company. Circon was previously a portfolio company of Kinderhook Industries, and Covanta is a portfolio company of EQT Infrastructure; financial terms were not disclosed.

Clearview Capital Fund IV and Clearview Capital Fund V made a new platform investment in Capitol Services, LLC, a tech-enabled provider of outsourced legal and compliance services. The deal closed on April 14, 2023, and was completed in partnership with the company’s founders and management, with the founders retaining a minority stake and transitioning leadership to the senior management team.

Blue Sage Capital completed an investment in NexGen Financial in partnership with Four Point Capital Advisors. The investment will provide primary growth capital on NexGen’s balance sheet to help accelerate growth of its flexible capital solutions for debt settlement companies.

HKW, a middle-market private equity firm, has made an investment in CMIT Solutions to help expand its capacity serving the hospitality industry. The funding will support scaling CMIT Solutions’ hospitality-focused IT managed services and cybersecurity capabilities, including increased operational efficiencies and enhanced service fulfillment.

LP First Capital and Genesis Park acquired Fastest Labs, a nationwide provider of drug, alcohol, and DNA testing services headquartered in San Antonio. The new partnership is intended to accelerate Fastest Labs’ growth, expand its footprint, and enhance offerings for customers and franchisees.

Investcorp announced a majority investment in Shearer Supply, an independent distributor of residential and commercial HVAC equipment, parts, and supplies serving the southern United States. Shearer’s management team, the Shearer family, and PNC Riverarch Capital will remain shareholders alongside Investcorp; financial terms were not disclosed.

The IMA Group (IMA), through its IMA Clinical Research division, acquired Austin-based Accelemed Research Institute to expand its multi-therapeutic clinical trial site network and strengthen its presence in the U.S. Southwest. Accelemed focuses on cardiometabolic and GI disease trials (including NASH, obesity, high cholesterol, and diabetes); transaction terms were not disclosed.

Pelican Energy Partners acquired Iron Horse Tools, Inc. (IHT), a provider of automated drilling chokes for managed pressure drilling operations, from Bluehenge Capital Partners. Based in Corpus Christi, Texas, IHT will use the investment to expand its customer base, geographic reach, and service offerings across U.S. shale plays.

South Plains Financial, Inc., parent of City Bank, sold its wholly owned subsidiary Windmark Insurance Agency, Inc. to Alliant Insurance Services, Inc., with the deal closing April 1, 2023. Windmark’s crop insurance and agribusiness offerings expand Alliant’s presence in Texas and the Midwest.

Peterson Private Equity (Peterson Partners) plans to invest up to $50 million of growth capital in Dura Software, a B2B SaaS software aggregator and operator headquartered in San Antonio, Texas. The funding will support Dura’s continued acquisition strategy as it pursues a pipeline of late-stage acquisition opportunities.

Incline Equity Partners, a Pittsburgh-based private equity firm, announced an investment in Smile Source, a private practice network serving independent dentists. Smile Source, headquartered in Kingwood, Texas, provides group purchasing and other practice solutions to more than 1,000 private practice dentists across the United States.

Global Partners LP and ExxonMobil signed an agreement to acquire 64 Houston-area convenience and fueling facilities from the Landmark Group, subject to regulatory approval and customary closing conditions. The assets are expected to be acquired in the second quarter of 2023 through their joint venture, Spring Partners Retail LLC, with Global serving as the operator and management company.

Evolution Strategy Partners announced the acquisition of Champions Hydro-Lawn and its addition to the Westco Green Industry platform in the Houston, Texas market. The combination expands Westco’s commercial landscaping maintenance, erosion control, and turf establishment capabilities across municipal and commercial customers. Equity for the transaction was provided by Evolution, Gemini Investors, and Genesis Park; terms were not disclosed.

Elevate ENT Partners (Elevate) announced it has acquired Ear, Nose & Throat Associates of Texas (ENT TEX), an otolaryngology physician group with five locations in the Dallas metro area. ENT TEX’s physician partners will join Elevate’s network and leverage its practice-management support capabilities to help streamline back-office operations and support growth.

Reece Group, a distributor of plumbing, waterworks and HVACR products, acquired Barsco Inc., a Dallas-based distributor of refrigeration and HVAC equipment, parts and supplies with 12 locations across Texas. Financial terms were not disclosed. Founders Advisors advised Barsco on the sale.

Patriot Capital announced a growth capital partnership with Turnwell Mental Health Network, an integrated behavioral health provider headquartered in Dallas, Texas. Turnwell plans to use the new capital to expand its network of freestanding outpatient clinics and services in underserved markets.

Crossplane Capital acquired Viking Fence, a Texas-based provider of fence and sanitation rental equipment, permanent fence installations, and related building products and services. Yukon Partners partnered with Crossplane to support the acquisition by providing mezzanine capital financing for the transaction.

Boyne Capital announced that an affiliate partnered with McKee Utility Contractors’ management (and the founding family) to acquire McKee Utility Contractors, a provider of water and sewer infrastructure services including pipeline installation, replacement, tunneling, and boring. The investment is described as a new platform investment for Boyne’s BCM Fund II, supporting McKee’s growth across municipal and utility customers in Texas, Oklahoma, and Arkansas.

Hastings Equity Partners announced the merger of its portfolio company, Imperative Chemical Partners, Inc., with RSI Chemicals, creating a combined specialty chemicals provider in the United States. One Equity Partners partnered with Hastings to recapitalize Imperative and simultaneously complete the merger with RSI.

Brixey & Meyer Capital (BMC) announced a growth capital investment in MasVida Healthcare Solutions, a Fort Worth, Texas-based provider of durable medical equipment rental and facility hygiene products for post-acute care facilities. Josh Robertson will continue as CEO, and Josh and George Robertson will remain owners in the business as BMC supports MasVida’s expansion in Texas and across the United States.