Tracked deals
212
212 tracked deals across 2010-2026.
Tracked deals
212
212 tracked deals across 2010-2026.
Buyer mix
Mixed buyer set
206 pe · 123 strategic
Top trend
Volume peaked in 2021
39 tracked deals announced in 2021.
Buyer Snapshot
Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| Gryphon Investors | 5 | Middle-market private investment firm focused on growing ... | PE |
| Hidden Harbor Capital Partners | 5 | Private equity firm focused on lower-middle-market invest... | PE |
| Bluestone Investment Partners | 3 | Private equity firm focused on lower middle-market compan... | PE |
| Carousel Capital | 3 | Private investment firm focused on partnering with manage... | PE |
| Mammoth Holdings, LLC | 3 | Atlanta-based conveyor car wash operator running multiple... | Strategic (PE-backed) |
| Warren Equity Partners | 3 | Private equity firm investing in lower-middle-market comp... | PE |
| AEA Investors | 2 | Middle-market private investment firm with a history of b... | PE |
| AQUA Dermatology | 2 | Full-service dermatology operator in the Southeastern U.S... | Strategic (PE-backed) |
| Affinity Hospice Holdings | 2 | Hospice and palliative care provider operating end-of-lif... | Strategic (PE-backed) |
| Ampersand Capital Partners | 2 | Middle-market private equity firm focused on growth-orien... | PE |
Last 8 years
Supporting Data
Arcline Investment Management has entered into a definitive agreement to acquire the holding company of Continental Aerospace Technologies for approximately $535 million, with the transaction expected to result in the company’s delisting. The deal is supported by irrevocable undertakings from controlling shareholders, which are subsidiaries of Aviation Industry Corporation of China (AVIC).
Columbia River Partners acquired CoreLinc as a strategic add-on to its TiniFiber fiber optic manufacturing platform. The acquisition closed simultaneously with a sale-leaseback of a three-property industrial manufacturing portfolio, providing CRP an acquisition capital solution while CoreLinc maintained use of its facilities under a long-term absolute triple-net lease.
Gridco, a provider of maintenance, upgrade, and construction services to electric utilities, received a strategic growth investment from BayHawk Capital. The capital is intended to support organic growth and strategic acquisitions, while expanding Gridco’s ability to serve utility clients and grow its workforce as it scales toward being a national provider.
SecureVision LLC, backed by Snowhawk, acquired IPacket Networks and ENCO’s bulk connectivity business in separate transactions and successfully integrated both. The deals expand SecureVision’s coverage across key Gulf Coast markets including Destin and Panama City Beach, positioning it as the region’s largest MDU bulk broadband platform serving over 30,000 units.
Superior Environmental Solutions (SES) acquired ChemWorx, a Decatur, Alabama-based provider of specialized chemical cleaning services. The deal adds chemical cleaning and fin fan foaming capabilities to SES’s industrial and environmental services platform and expands service reach across Alabama, Tennessee, and Louisiana.
Sun Auto Tire & Service acquired four tire and automotive service locations in Alabama through purchases of Bay City Tire & Wheel (Mobile), Black's Tire (Rainsville), and two Auto Save locations (Montgomery and Prattville). The deal expands Sun Auto's Gulf Coast and statewide footprint and folds the four stores into its Sun Auto Network, which now exceeds 550 locations nationwide.
Building Industry Partners (BIP) acquired Alpha Lumber & Supply Co., Inc. in a deal announced in March 2026. Alpha Lumber’s longtime owner Ken Williams will remain at the helm, and BIP intends to support growth while preserving the company’s culture and service focus.
Doeren Mayhew acquired Birmingham, Alabama-based CPA firm Dent Moses, LLP and its affiliate Impact Technology Group LLC, expanding Doeren Mayhew’s footprint into Alabama. The deal adds nine principals and nearly 65 professionals, while Impact Technology Group continues under the “A Doeren Mayhew Company” designation.
Qualis, InTrack Radar Technologies, and Tektonux announced they will merge to form a combined company delivering integrated hardware and AI-enabled software for missile defense and space domain awareness. The new platform is backed as a portfolio company of Bluestone Investment Partners and is positioned to modernize sensor-to-shooter capabilities for U.S. Army, U.S. Space Force, U.S. Air Force, Missile Defense Agency, and NASA.
ARMS, a cloud-based public safety software provider, announced it has acquired ATIMS, a provider of cloud-based Jail Management Systems (JMS) and corrections software. ATIMS will continue operating as a dedicated corrections platform and join ARMS and Cardinal Tracking under the ARMS Public Safety Technologies portfolio to create a more unified, end-to-end suite for public-safety agencies.
CyberlinkASP, an advanced solutions provider for cloud and IT services, acquired Fresh Managed IT (Fresh IT), a Birmingham, Alabama-based managed services provider serving ~150 customers. The acquisition expands Cyberlink’s managed services footprint in the Southeast and deepens its MSP business, supported by Fresh IT’s outsourced IT capabilities including network/device management, cloud hosting, cybersecurity, and VoIP.
OuterBox, a portfolio company of WILsquare Capital, has acquired GRO Marketing, a Tuscaloosa-based digital performance marketing agency specializing in multifamily, student housing and senior living clients. The add-on strengthens OuterBox's vertical capabilities and performance marketing expertise to better serve residential community property management companies and ownership groups.
Gannet BioChem, a PE-backed specialty CDMO, has acquired Laysan Bio, a maker of activated polyethylene glycol (PEG) reagents based in Arab, Alabama. The add-on expands Gannet BioChem's activated polymer and bioconjugation capabilities, strengthening its ability to support partners from early development through GMP manufacturing.
Funds affiliated with Blackstone Energy Transition Partners and other Blackstone funds have acquired Alliance Technical Group (ATG), a Decatur, Alabama–based provider of environmental testing, monitoring and compliance services. ATG operates more than 60 offices and labs across the U.S. and Canada with over 2,200 employees; terms were not disclosed.
Bristol Hospice has acquired DaySpring Hospice's offices in Enterprise, Dothan, and Andalusia, Alabama, expanding its hospice and palliative care footprint in the Wiregrass region. Financial terms were not disclosed; Bristol Hospice is a Salt Lake City–based provider and a portfolio company of Webster Equity Partners.
Dallas-based Braemont Capital has made a strategic growth investment in Royal Cup Coffee & Tea, a nearly 130-year-old Birmingham roaster and distributor. The partnership will provide capital and operational support to expand Royal Cup's roasting and distribution capabilities and strengthen its presence across hospitality, foodservice, healthcare and convenience channels.
Enterprise, Alabama-based Carr, Riggs & Ingram (CRI) announced that Florence-based Abroms & Associates has joined the firm, expanding CRI's presence in northern Alabama. The Abroms team will continue to operate from its Florence office under the CRI name as part of CRI's broader Southeast growth strategy.
FFL Partners has completed a strategic growth investment in Janus RX, a Montgomery, Alabama–headquartered behavioral pharmacy, to support the company's de novo expansion and strengthen its clinical and operational capabilities. The funding will help Janus accelerate openings of new facilities in underserved regions and leverage FFL's healthcare operating expertise; terms were not disclosed.
Red Arts Capital, a Chicago-based investment firm focused on supply-chain and logistics businesses, has acquired Forestwood Farm, a family-owned produce distributor headquartered in Birmingham, Alabama. The acquisition adds Forestwood to Red Arts' produce processing and logistics portfolio (joining Freshway Foods) and expands the firm's distribution footprint in the Southeastern United States; Forestwood's second-generation owners will remain in leadership roles.
A. Stucki Company has acquired Wheelworx, a provider of railcar wheelset reconditioning services, to strengthen its wheelset production, repair and logistics capabilities. Wheelworx operates manufacturing facilities in Calera, Alabama and Pekin, Illinois with approximately 105 employees; terms were not disclosed.
Carousel Capital has recapitalized CraneWorks, partnering with brothers David and Steve Upton who will remain significant continuing owners. The recapitalization—funded from Carousel’s sixth fund with senior debt provided by PNC Bank, Truist Financial, and Pinnacle Financial Partners—will fund fleet expansion and deepen CraneWorks’ operated crane and equipment rental service offerings from its Birmingham, Alabama base.
Denver-based private equity firm Fruition Partners has acquired The Memory Company (TMC), a Phenix City, Alabama-based developer and distributor of licensed drinkware, home décor, and related hard goods. Founder Charles Sizemore sold the company but will remain a significant investor; KeyBank provided senior secured financing to support the transaction and working capital needs.
The One 23 Group (O23G), a Willow Creek Partners‑backed federal technology and cybersecurity platform, has acquired Integrated Computer Solutions (ICS), a provider of mission IT and cybersecurity services to U.S. federal agencies. The deal expands O23G’s mission IT, secure cloud modernization, and AI/DevSecOps capabilities for defense, homeland security, and justice customers.
Perimeter Solutions Group (PSG), a Bertram Capital-backed national perimeter security platform, has partnered with Tusco, a high-security perimeter solutions contractor, to create PSG's High Security Division. Tusco's management team will continue to lead the business as part of PSG; terms were not disclosed. The deal expands PSG's capabilities for data centers, government and other commercial/industrial customers nationwide.
Service Country, a portfolio company of Grove Mountain Partners, acquired Childress Heating & A/C & Cooling, an HVAC services provider in Gadsden, Alabama. The deal expands Service Country’s home-services network and provides the target with additional operational support, technology enhancements, and growth opportunities.
DuraServ, a PE-backed provider of overhead door and loading dock solutions, has acquired Overhead Door & Fireplace of Montgomery (OHDFP), a Millbrook, Alabama-based provider of commercial and residential garage door and fireplace services. The add-on expands DuraServ’s geographic footprint in Central Alabama and adds fireplace capabilities to its service offering; the transaction is supported by financial partner Leonard Green & Partners.
Apollo-managed funds and affiliates associated with Apollo’s hybrid strategies have agreed to acquire a majority stake in PowerGrid Services (PGS). The Sterling Group and management are partnering with Apollo following the transaction, which is subject to customary closing conditions. The deal was later completed by The Sterling Group with Apollo.
Summit Financial, through its Summit Growth Partners platform, made a minority investment in Parsons Broach Financial Services, a Montgomery, Alabama-based wealth advisory firm that manages more than $250 million in assets. The deal brings the Parsons Broach team onto Summit's partnership platform to accelerate growth and provide the firm with additional resources, technology, and strategic support.
Ironmark, a portfolio company of Post Capital Partners, has acquired Vista One, a digital marketing agency specializing in lead generation and social media for multi-location franchise brands. The deal — Ironmark’s fourth add-on since Post Capital’s investment in June 2022 — expands Ironmark’s data-driven omnichannel marketing capabilities for mid- and enterprise-sized clients.
Shermco Industries, a PE-backed electrical testing and power-systems services provider, has acquired R3L Engineering to expand its technical engineering capabilities and strengthen its presence in the Birmingham, Alabama area. The acquisition expands Shermco’s regional workforce and ability to serve industrial and utility customers across Alabama and the Southeastern United States; terms were not disclosed.
Ares Private Equity (part of Ares Management Corporation) has acquired a majority stake in Landscape Workshop, a Birmingham, Alabama–based commercial landscaping and grounds management provider. Carousel Capital, which invested in Landscape Workshop in 2020, sold a majority position but will retain a significant stake; Ares intends to provide capital to expand the company’s regional footprint and scale through strategic acquisitions.
Catalyst Acoustics Group completed its acquisition of Curb Technologies, LLC (“Curb Tech”), a manufacturer of custom roof curbs for commercial HVAC systems. The deal expands Catalyst’s HVAC vibration isolation and rooftop support offerings and broadens Curb Tech’s access to Catalyst’s scale, resources, and distribution channels. Financial terms were not disclosed.
Lathan Associates Architects P.C., backed by Hidden Harbor Capital Partners, has completed investments in McKee & Associates Architects, LLC and Barganier Davis Williams Architects Associated, LLC, combining Lathan and McKee as Lathan McKee Architects and adding BDW to the L&M Group. The deals, which closed April 9, 2025, create a consolidated K‑12 education architecture and design platform serving the Southeastern United States; financial terms were not disclosed.
JM Test Systems, a Kanbrick-backed provider of test equipment and calibration services, has acquired Alabama Scale & Instrument, Inc. (ASI) to expand its footprint in the U.S. Southeast and broaden its testing and on-site calibration capabilities. The deal is an add-on to JM Test's platform strategy following its 2023 acquisition by Kanbrick.
Circular Services has acquired Waste Recycling Inc. (WRI), a Montgomery, Alabama–based recycling services provider with facilities in Montgomery, Anniston, Tuscaloosa and Opelika. The deal expands Circular Services' materials management and recycling footprint across Alabama and the Southeastern United States, strengthening its ability to serve industrial customers — notably automotive manufacturers — and recover valuable materials at scale.
Systems Planning & Analysis (SPA), a portfolio company of Arlington Capital Partners, has acquired Intrepid, a Huntsville, Alabama-based engineering firm with prime positions in missiles and space, enterprise modernization, and aviation and mission support. The add-on strengthens SPA's capabilities in integrated battle management and enterprise modernization, broadening its presence with the U.S. Army and enhancing mission support across missile, space and aviation domains.
JSI, a portfolio company of Stone-Goff Partners, has acquired LogicomUSA, a provider of voice, network, hosted VoIP and 24/7 contact center services for broadband providers and electric cooperatives. The add-on expands JSI’s network engineering and managed services capabilities by integrating Logicom’s contact center platform and BYOA offering to deliver end-to-end solutions to broadband operators nationwide.
Knack RCM has acquired PPM Partners, a Montgomery, Alabama-based revenue cycle management (RCM) firm founded in 1991 that specializes in anesthesia billing and practice management. The deal expands Knack's anesthesia services footprint and brings PPM's management team into Knack's Anesthesia Services division; Knack completed the transaction with financial partner LKCM Headwater Investments.
Applied Aerospace, a Greenbriar Equity-backed aerospace manufacturer based in Stockton, California, has completed the acquisition of NeXolve, a Huntsville, Alabama developer and manufacturer of advanced polyimide films, resins and deployable space subsystems. The NeXolve brand will be retained as a product line and its team and facilities will form an Advanced Materials & Deployable Systems division to expand Applied Aerospace's capabilities in deployable sunshields, solar sails and passive deorbit systems for government and commercial space customers.
Lathan Associates Architects P.C. (doing business as Lathan McKee Architects), a member of the L&M Group and backed by Hidden Harbor Capital Partners, has acquired Lambert Ezell Durham Architecture, LLC (LED Architecture). LED, headquartered in Florence, Alabama, joins the L&M Group to expand the group's footprint and resources in Northern Alabama; the transaction closed August 1, 2025 with financing provided by First Eagle Alternative Credit.
Godspeed Capital has made a strategic investment in InSite Engineering, LLC to establish InSite as the platform brand for a new water and wastewater engineering services provider focused on the Southeastern United States. Financial terms were not disclosed; Godspeed will partner with InSite's leadership to drive organic growth and pursue strategic acquisitions, leveraging InSite's expertise in water/wastewater, PFAS remediation, and municipal infrastructure.
Auxo Investment Partners has acquired Southeast Vegetation Management (SEVM), a Brierfield, Alabama–based provider of vegetation management services to U.S. railroads, and will add the business to its Genesis Rail Company platform. The deal expands Auxo's railroad infrastructure maintenance platform, broadens geographic reach in the Eastern U.S., and creates the largest pure-play herbicide rail vegetation management platform alongside Ferrovia.
SuperHero Fire Protection, a portfolio company of Hidden Harbor Capital Partners, has acquired Central Fire Protection, a Birmingham-based fire, life & safety services provider. The transaction expands SuperHero's footprint into Alabama, adds recurring inspection and service revenue, and retains founder D.J. Dotson as an owner and leader of the business.
Superior Environmental Solutions (SES), a Palladium Equity Partners-backed environmental and industrial services platform, has acquired American Remediation & Environmental, Inc. (American Environmental), a Mobile, Alabama-based provider of tank maintenance, remediation and robotic tank cleaning. The add-on expands SES's footprint into Alabama, Mississippi and Louisiana, adds technical tank-cleaning capabilities, and brings approximately 180 employees to SES's network of 44+ facilities.
Ampersand Capital Partners has completed the acquisition of Nektar Therapeutics' PEGylation reagent manufacturing business and launched the new Ampersand portfolio company, Gannet BioChem, operating from a 124,000 sq. ft. FDA‑inspected facility in Huntsville, Alabama. The transaction represents a divestiture by Nektar and creates an independent specialty CDMO focused on development, scaling, and GMP production of polyethylene glycol (PEG) reagents for clinical and commercial biopharmaceutical customers.
Hidden Harbor Capital Partners has made a strategic investment in Lathan Associates Architects, P.C., a Hoover, Alabama–based architectural and design firm serving K-12, higher education and municipal clients. Founder Rick Lathan and the existing partners remain invested and active; terms were not disclosed and the investment closed on November 21, 2024.
Funds advised by Centerbridge Partners and Bessemer Venture Partners made a strategic growth investment in Carr, Riggs & Ingram (CRI), a top‑25 U.S. accounting and advisory firm. The capital will support CRI’s geographic and service expansion, technology and AI investments, talent recruitment, and continued M&A-driven growth; financial terms were not disclosed.
Atlantis Fire Protection acquired Allied Fire Protection of Birmingham, Alabama and added its founder Tony Thomas to the Atlantis ownership group. The deal is an add-on to the Atlantis platform (which is backed by Lynch Holdings and Capital Alignment Partners) intended to expand the platform’s regional footprint and capabilities in fire protection services.
Special Aerospace Services (SAS), a Godspeed Capital-backed platform, has acquired Huntsville-based Concordia Technologies, a specialist in missile and hypersonic weapons defense, sensor design, and modeling & simulation. The deal — which closed October 24, 2024 — strengthens SAS's hypersonics and missile defense capabilities and expands its national security space engineering and mission-support offerings.
The Cook & Boardman Group LLC has acquired Mullins Building Products, Inc., a Birmingham, Alabama-based commercial door and hardware supplier and installer. Terms were not disclosed; Mullins will continue to operate under its existing name and joins C&B as its ninth acquisition under Platinum Equity’s ownership.
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