Private Equity-Backed Acquisitions in California

Tracked deals

2654

2654 tracked deals across 2006-2026.

Buyer mix

Mixed buyer set

2484 pe · 1497 strategic

Top trend

Volume peaked in 2021

484 tracked deals announced in 2021.

Buyer Snapshot

Top Buyers

Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.

Find buyers active in California →
Buyer # Deals Focus Type
Arcline Investment Management 20 Growth-oriented private equity firm that invests in techn... PE
Clearlake Capital Group, L.P. 17 Private investment firm focused on partnering with manage... PE
Platinum Equity 17 Global private equity firm specializing in buyouts and op... PE
Trive Capital 17 Middle-market private equity firm focused on transformati... PE
TA Associates 15 Global private equity firm focused on scaling growth in p... PE
The Carlyle Group 15 Global investment firm deploying private capital across c... PE
The Riverside Company 15 Global private equity firm focused on the smaller end of ... PE
Thoma Bravo 14 Software-focused private equity firm investing in growth-... PE
Gryphon Investors 13 Middle-market private equity firm focused on profitably g... PE
Francisco Partners 12 Global private equity firm specializing in investments in... PE

Acquisition Volume in Private Equity-Backed in California by Year

Last 10 years

Acquisition volume by year Annual acquisition counts for the last 10 years for Private Equity-Backed Acquisitions in California. 16 2017 20 2018 201 2019 271 2020 484 2021 483 2022 306 2023 306 2024 334 2025 ~252 est. 200 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

  • Buyer
    West Madison Foods
    Target
    The Flavor of California, LLC
    Seller
    Julie Pantiskas, Salt Creek Capital
    Industry
    Food & Beverage
    Type
    Addon

    West Madison Foods acquired The Flavor of California, LLC, the holding company for the Bob’s Big Boy Salad Dressings & Dips license, from CEO Julie Pantiskas and Salt Creek Capital. The transaction excludes the restaurants and was accompanied by an amended license agreement expanding the brand’s territory to the entire United States.

  • Buyer
    Vivify Specialty Ingredients
    Target
    AuNutra Industries
    Industry
    Manufacturing
    Type
    Addon

    Gryphon Investors-backed Vivify Specialty Ingredients acquired AuNutra Industries, a supplier of botanical extracts and specialty nutritional ingredients. The acquisition broadens Vivify’s product portfolio and capabilities in nutraceuticals and supplements while expanding its distribution reach across North America; AuNutra founder Kava Liu remains a significant investor in the combined organization.

  • Buyer
    Rochester Midland Corporation
    Target
    ApHinity Technologies
    Seller
    Christopher Bellizzi, Stephen Mosher, Joshua Curt
    Type
    Buyout

    Rochester Midland Corporation acquired ApHinity Technologies, an environmental solutions provider specializing in water footprint optimization and industrial air emissions treatment. The acquisition adds ApHinity’s patented technologies and services to Rochester Midland’s water treatment platform, broadening the solutions available for complex water and air quality challenges.

  • Buyer
    Officine Maccaferri
    Target
    Surface Tech
    Industry
    Manufacturing
    Type
    Buyout

    Officine Maccaferri acquired Surface Tech, a developer of aramid-fiber reinforcement technologies for pavement applications. The acquisition adds pavement reinforcement capabilities to Maccaferri’s new High-Performance Materials vertical, and Surface Tech’s entrepreneurs will reinvest in the group and continue leading the business.

  • Buyer
    Carnegie Learning
    Target
    Ethiqly
    Seller
    Owl Ventures, Ethiqly management
    Industry
    Education
    Type
    Buyout

    Carnegie Learning acquired Ethiqly, an AI-powered writing platform for students and educators, from Owl Ventures and Ethiqly management. Carnegie Learning plans to integrate Ethiqly’s technology with its literacy offerings, including Lenses on Literature, combining its curriculum and instructional expertise with Ethiqly’s writing tools.

  • Buyer
    Kian Capital Partners
    Target
    Integrity Landscape
    Type
    Buyout

    Kian Capital Partners acquired Integrity Landscape, a commercial landscaping services provider operating across the San Francisco Bay Area. Integrity employs more than 385 professionals and provides recurring maintenance and enhancement services; founder Rich Bronstein will remain involved as an investor and board member, while CEO Raitis Raisian and the regional leadership team continue to lead the business.

  • Buyer
    Aurora Capital Partners
    Target
    Softdocs, Inc.
    Industry
    Cloud & SaaS
    Type
    Buyout

    Aurora Capital Partners acquired Softdocs, a provider of cloud-based process automation and document management software for education and government institutions. Aurora plans to partner with Softdocs management to accelerate product development, add capabilities, and expand the company’s market reach.

  • Buyer
    Prairie Capital
    Target
    Seraplex
    Seller
    Seraplex
    Type
    Buyout

    WaveEdge Capital served as exclusive sell-side M&A advisor to Seraplex in connection with its sale to Prairie Capital. The transaction brings Seraplex into integration with a consortium of Prairie biospecimen companies, aimed at expanding offerings to biopharmaceutical and diagnostic customers.

  • Buyer
    Middle West Partners, Group of longtime Lugano clients
    Target
    Lugano Jewelry, LLC
    Type
    Buyout

    Middle West Partners acquired Lugano Jewelry in a management-backed sale alongside a group of longtime Lugano clients who invested in the transaction. The transaction became effective September 30, 2026, following Lugano’s reorganization, and the company will continue operating its Newport Beach workshop and boutiques under new ownership.

  • Buyer
    Total Access Elevator, Century Park Capital Partners
    Target
    American Elevator Inc.
    Seller
    Eli Carlstrom
    Type
    Buyout

    Total Access Elevator has acquired American Elevator Inc., an independent provider of elevator maintenance, repair, and modernization services based in Los Angeles. The deal expands Total Access’s presence in Southern California and enhances its ability to serve customers through additional local service capabilities.

  • Buyer
    Norwest Equity Partners
    Target
    E-Z UP
    Seller
    Beach Point Capital
    Industry
    Manufacturing
    Type
    Buyout

    Norwest Equity Partners acquired E-Z UP, a manufacturer of portable canopies, shelters and related products, from Beach Point Capital. The acquisition supports E-Z UP’s next phase of growth, including expansion of its B2B business, product development and potential acquisitions; Beach Point later announced that the sale had successfully closed on October 13, 2026.

  • Buyer
    Odyssey Investment Partners, Falcon Gases
    Target
    Falcon Gases
    Industry
    Infrastructure

    Falcon Gases announced it secured a strategic majority investment from Odyssey Investment Partners. The investment is intended to accelerate Falcon’s strategy to build a high-growth, large-scale independent packaged gas distribution platform through growth and M&A.

  • Buyer
    TPG's Rise Funds (The Rise Funds)
    Target
    Tablet Command
    Industry
    IT Services

    TPG’s The Rise Funds has signed a definitive agreement to make a significant investment in Tablet Command, an emergency incident management and response software provider used by fire departments and emergency response agencies. The investment is intended to support Tablet Command’s continued growth as emergency organizations adopt more digital tools to coordinate complex incidents, including large-scale natural disasters.

  • Buyer
    Consertus, Inc., RTC Partners
    Target
    S2 Engineering
    Type
    Addon

    Consertus, a portfolio company of RTC Partners, acquired S2 Engineering, a California-based provider of construction management, inspection, engineering, and materials testing services for public infrastructure projects. The deal is intended to strengthen Consertus’ presence in California and expand its capabilities for public sector transportation and public works capital programs.

  • Buyer
    ESS, The Vistria Group
    Target
    HeyTutor
    Industry
    Education
    Type
    Buyout

    ESS, backed by The Vistria Group, announced it is acquiring HeyTutor, a technology-enabled provider of in-person tutoring, paraprofessional management, and academic intervention services for K-12 school districts. The deal integrates HeyTutor’s data-driven tutoring platform into ESS’s K-12 workforce solutions portfolio to address learning gaps and workforce shortages nationwide.

  • September 9, 2026
    Buyer
    Belle Brands
    Target
    Vegamour
    Type
    Buyout

    Belle Brands, a beauty platform formed by Windsong Global, acquired Vegamour, a hair wellness brand. The transaction adds Vegamour to Belle Brands’ portfolio and is intended to support further investment in its products, retail relationships, and growth.

  • Buyer
    American Equipment Solutions
    Target
    BC Wire Rope & Rigging
    Seller
    Barry Heavican, Bill Clark
    Type
    Addon

    American Equipment Solutions (AES), a portfolio company of Rotunda Capital Partners, acquired BC Wire Rope & Rigging, a wire rope, sling, hoist and rigging equipment supplier headquartered in Anaheim, California. The acquisition adds six Western U.S. branches and expands AES’s rigging, sling fabrication and load-testing capabilities, complementing its overhead crane and hoist services.

  • Buyer
    Altaline Capital Management
    Target
    Risk & Regulatory Consulting (RRC)

    Altaline Capital Management announced that funds it advises have completed a strategic growth investment in Risk & Regulatory Consulting (RRC), an independent provider of actuarial, financial/IT, compliance, and support solutions to U.S. insurance regulators. The leadership and services at RRC will remain unchanged, while Altaline plans to support growth by adding credentialed actuaries and specialists.

  • Buyer
    Texas Ventures Acquisition III Corp., Funds managed by Yorkville Advisors
    Target
    PlusAI

    PlusAI entered into a definitive business combination agreement with Texas Ventures Acquisition III Corp., valuing PlusAI at approximately $800 million in pre-money equity value. The proposed transaction is supported by up to approximately $300 million in capital, including committed financing and funds held in the SPAC trust, to support PlusAI’s commercialization roadmap and planned 2027 launch of autonomous trucks.

  • Buyer
    GreenArrow, CAI Capital Partners
    Target
    MSL Electric, Inc.
    Seller
    Warren Moore, Sally Moore
    Type
    Addon

    GreenArrow, backed by CAI Capital, acquired MSL Electric, a union electrical contractor based in Anaheim, California. The deal is positioned as an add-on that expands GreenArrow’s specialized construction capabilities to complement its existing Southern California transportation electrical maintenance operations.

  • Buyer
    Dollar Shave Club
    Target
    Truly Beauty
    Type
    Buyout

    Dollar Shave Club announced its acquisition of Truly Beauty, adding a Gen Z-focused personal care and beauty brand to its portfolio. The companies plan to preserve Truly’s distinct brand identity while combining operational, marketing, supply chain, and logistics capabilities to expand their reach across consumer segments and retail channels.

  • Buyer
    Prairie Capital
    Target
    Cantor BioConnect
    Seller
    Cantor BioConnect (sale by existing owners; seller names not specified)
    Type
    Buyout

    Generational Group advised Cantor BioConnect in its sale to Prairie Capital. The acquisition closed on April 17, 2026.

  • Buyer
    Steel Knight Capital Partners
    Target
    TradeRunner
    Type
    Buyout

    Steel Knight Capital Partners acquired TradeRunner, an AI-powered recruiting platform for home services contractors. The firm said the deal brings TradeRunner’s talent-sourcing technology and intellectual property in-house to deploy across Steel Knight’s home-services portfolio companies, reducing reliance on third-party recruiting tools.

  • Buyer
    Black Spade Acquisition III Co
    Target
    Astrum Space Inc

    Astrum Space Inc and SPAC Black Spade Acquisition III Co (BIII) entered into a business combination agreement, valuing Astrum at about $1 billion equity value. The combined company, expected to be renamed Astrum Space Company, will list its ordinary shares on the NYSE, with closing expected by the end of 2026 subject to approvals and customary conditions.

  • Buyer
    VetnCare, Great Point Partners
    Target
    Geary Veterinary Hospital
    Type
    Addon

    VetnCare, a Northern California community of veterinary hospitals backed by Great Point Partners, has acquired Geary Veterinary Hospital, a nearly five-decade veterinary practice in Walnut Creek, California. The deal expands VetnCare’s East Bay presence and preserves the practice’s clinician-led leadership as founding doctors remain in place.

  • Buyer
    Sweetmore Bakeries, Shore Capital Partners
    Target
    Fantasy Baking Co.
    Industry
    Manufacturing
    Type
    Buyout

    Sweetmore Bakeries, a Chicago-based specialty bakery group, has completed its acquisition of Fantasy Baking Co., a private-label and branded sweet baked goods manufacturer based in Sylmar, California. The deal expands Sweetmore’s footprint with its first West Coast manufacturing facility and strengthens its capabilities in cookies and baked bars, following Shore Capital Partners’ 2025 recapitalization of Sweetmore.

  • Buyer
    Imagenet, BV Investment Partners
    Target
    Analytica Consulting
    Industry
    Data & Analytics
    Type
    Buyout

    Imagenet acquired Analytica Consulting, a California-based data consulting firm focused on data engineering, analytics, AI, visualization, and data governance. The deal adds modern data platforms and advanced analytics expertise to Imagenet’s healthcare operations technology offerings, supporting continued service to Analytica’s existing clients and plans to extend capabilities to Imagenet’s payer customers.

  • Buyer
    Adeptus, Current
    Target
    Shapiro Villalobos & Associates
    Industry
    Accounting & Tax
    Type
    Addon

    Adeptus, a tax, audit and business management firm, has completed its third acquisition since joining the Current platform in 2025, expanding its Southern California advisory practice. The acquired firm is Shapiro Villalobos & Associates (SVA), a Burbank, California-based accounting and business management firm that provides personalized tax planning, accounting, payroll, and advisory services.

  • Buyer
    Blackford Capital
    Target
    Industrial Electronic Systems, Inc. (IES)
    Type
    Addon

    Blackford Capital acquired Industrial Electronic Systems, Inc. (IES), a fire alarm and life safety systems integrator in the Greater Sacramento area. The deal marks the second add-on acquisition for Blackford’s Security Fire Solutions platform, following the December 2024 purchase of Security Fire Systems (SFS) and the September 2025 add-on of Lakeview Security, Fire & Communication.

  • Buyer
    Great American Holdings, LLC (GA Group), Oaktree Capital Management, L.P. (majority owner via funds managed)
    Target
    The Kaseno CPA Firm (family law litigation support practice)
    Seller
    The Kaseno CPA Firm
    Type
    Addon

    Great American Holdings (GA Group) acquired the California- and Washington-based family law litigation support practice of The Kaseno CPA Firm. The deal adds a four-person team led by founder Karen J. Kaseno and expands GA Group’s family law litigation support capabilities to serve attorneys, courts, and clients in complex matters.

  • Buyer
    River Associates Investments, L.P.
    Target
    Diamond Wipes, Inc.
    Seller
    Nolan Capital
    Industry
    Manufacturing
    Type
    Buyout

    River Associates Investments, L.P., a lower middle-market private equity firm, acquired Diamond Wipes, Inc. The transaction closed on August 7, 2026, and River plans to support growth through investment in capabilities and future add-on acquisitions.

  • Buyer
    Bob Iger, Joshua Kushner, Thrive Capital
    Target
    Los Angeles Lakers
    Seller
    Mark Walter
    Type
    Buyout

    Bob Iger (former Disney CEO) and Joshua Kushner (Thrive Capital founder) acquired majority ownership of the Los Angeles Lakers from Mark Walter, valuing the NBA franchise at $12.5 billion. The transaction follows Walter’s earlier controlling stake purchase in October 2025 at a $10 billion valuation.

  • Buyer
    Silver Lake, Public Investment Fund
    Target
    Workday
    Industry
    Cloud & SaaS
    Type
    Buyout

    Private equity firm Silver Lake is reportedly in acquisition talks to take Workday private in what could be one of the largest software buyouts on record. Discussions are ongoing, and there is no guarantee a definitive transaction will be agreed.

  • Buyer
    Shur-Co, LLC (Shurco), Behrman Capital
    Target
    Heavy Motions Inc.
    Type
    Buyout

    Shur-Co, LLC (Shurco), a Behrman Capital portfolio company, acquired Heavy Motions Inc., a global supplier of hydraulic systems and motion products. The deal expands Shurco’s cargo covering and containment platform with complementary hydraulics, increasing exposure to construction and waste sectors and creating opportunities to broaden distribution and customer cross-selling.

  • Buyer
    LEHR
    Target
    Hall Public Safety, Parr Public Safety Equipment
    Type
    Addon

    LEHR, the emergency vehicle upfitter, announced the acquisitions of Hall Public Safety and Parr Public Safety Equipment to expand its statewide Ohio footprint. The deals add mobile emergency vehicle upfitting capacity through Hall and strengthen LEHR’s tactical gear and complementary equipment offerings through Parr.

  • Buyer
    Industrial Control Solutions
    Target
    Modern Instrument Company
    Seller
    Jasmine Smith
    Type
    Buyout

    Industrial Control Solutions (ICS) acquired Modern Instrument Company, adding ISO/IEC 17025 accredited temperature validation, calibration, and temperature uniformity survey services for aerospace and industrial manufacturers. The transaction closed on July 31, 2026, and Modern’s co-owner and outgoing CEO will continue as a Strategic Advisor.

  • Buyer
    TSG Consumer
    Target
    Saltair
    Seller
    Prelude Growth Partners, The Center
    Type
    Buyout

    TSG Consumer signed a definitive agreement to acquire a majority stake in Saltair, a Los Angeles-based body care brand founded by Iskra Lawrence. The deal is designed to accelerate Saltair’s growth across e-commerce, retail, and additional product offerings while preserving its inclusive, community-driven identity.

  • Buyer
    Baymark Partners
    Target
    Meal Prep Sunday
    Industry
    Food & Beverage
    Type
    Buyout

    Baymark Partners, a Dallas-based private equity firm, announced its acquisition of Meal Prep Sunday, a chef-prepared meal prep and delivery company based in Southern California. The firm cited the target’s experienced leadership, consistent product quality, and favorable long-term consumer demand for convenient healthy eating.

  • Buyer
    Craftech Holdco (portfolio company of Sage Park), Sage Park
    Target
    Balda C. Brewer (BCB)
    Seller
    Stevanato Group S.p.A
    Type
    Addon

    Craftech Holdco, a portfolio company of Sage Park, acquired Balda C. Brewer (BCB), an Ontario, California-based contract manufacturing injection molding subsidiary, from Stevanato Group S.p.A. The deal expands the combined platform’s medical cleanroom injection molding capabilities and manufacturing footprint across the United States and Mexico.

  • Buyer
    Headlight Partners
    Target
    RepSpark
    Industry
    Cloud & SaaS

    RepSpark, a B2B wholesale e-commerce platform for brands and retailers across golf, outdoor and lifestyle apparel, announced a $22 million strategic investment from Headlight Partners. The growth equity funding will be used to expand RepSpark’s enterprise product suite, grow its ERP integrations, deepen AI-powered tools, and strengthen customer success to drive retention.

  • Buyer
    Providence Equity Partners L.L.C., THE•TEAM
    Target
    THE•TEAM, Casey Wasserman (remaining ownership interest in THE•TEAM)
    Seller
    Casey Wasserman
    Type
    Buyout

    Providence Equity Partners announced an additional investment in THE•TEAM to provide capital for a transaction in which THE•TEAM will acquire founder Casey Wasserman’s remaining ownership interest. The deal follows a competitive sale process and is expected to close in the second half of 2026, subject to customary conditions. Michael Watts will be elevated to CEO upon transaction close.

  • Buyer
    Inszone Insurance Services
    Target
    Advice Insurance Agency, Inc.
    Seller
    Steve McCulloch (founder of Advice Insurance Agency)
    Industry
    Insurance
    Type
    Buyout

    Inszone Insurance Services acquired Advice Insurance Agency, expanding Inszone’s personal lines offerings, particularly auto insurance. Advice Insurance Agency, which generated more than 90% of business from auto, is transitioning toward the founder’s retirement and will provide clients expanded access to more carriers and additional products including life and broader coverages.

  • Buyer
    CS Leasing Holding PTE Ltd., ITE Management (ITE)
    Target
    Triton International Limited
    Seller
    Triton International Limited
    Industry
    Transportation
    Type
    Addon

    CS Leasing Holding PTE Ltd., an ITE Management–managed platform and global lessor of ISO tank containers and dry freight specials, acquired Triton International Limited’s ISO tank container fleet. The completed transaction expands CS Leasing’s global portfolio to nearly 70,000 units across four continents, strengthening coverage in Europe and key trade lanes.

  • Buyer
    Wynnchurch Capital, L.P.
    Target
    Luxfer Holdings PLC
    Type
    Buyout

    Wynnchurch Capital, L.P. will acquire Luxfer Holdings PLC in an all-cash transaction through an affiliate, taking Luxfer private. The deal is expected to close before the end of 2026, subject to shareholder approval, regulatory approvals, and customary closing conditions.

  • Buyer
    Clarion Partners
    Target
    Clearwater at Sonoma Hills
    Type
    Buyout

    Clarion Partners acquired Clearwater at Sonoma Hills, a 94-unit senior living community in Rohnert Park, California, expanding its presence in Northern California’s senior housing market. Clearwater Living will continue as the property’s operating partner following the transaction.

  • Buyer
    Morgan Stanley Expansion Capital
    Target
    Conversica

    Conversica launched Ignite, an AI-native revenue activation engine for automotive dealers and dealer groups, connecting customer, vehicle, sales, service, and conversation data into a single context layer. The company also announced a majority recapitalization led by a fund managed by Morgan Stanley Expansion Capital, which will acquire a majority stake while Conversica management continues to lead and retain significant ownership.

  • Buyer
    SkyKnight Capital, L.P., FFL Partners
    Target
    Apex Infusion

    Apex Infusion entered into a definitive agreement to partner with private equity firm SkyKnight Capital to support the company’s next phase of growth. Apex’s clinician-led management team will retain a significant ownership stake and continue to lead, while FFL Partners will remain a minority investor.

  • Buyer
    Harbinger Sports Partners, Mark Cuban, Rashaun Williams
    Target
    Oakland Athletics (A's)
    Seller
    John Fisher

    Harbinger Sports Partners, a sports-focused private-equity firm, added Mark Cuban and Falcons minority owner Rashaun Williams to its investment group with a minority stake in the Oakland Athletics (A's). The deal terms, including stake size, price, and valuation, were not disclosed.

  • Buyer
    Coalesce Capital
    Target
    Workstreet
    Industry
    Cybersecurity

    Coalesce Capital has secured a strategic growth investment in Workstreet, an AI-native cybersecurity and compliance services provider for regulated industries. The deal includes co-investment by Workstreet’s founders and management team as the company enters its next phase of hypergrowth, with proceeds intended for talent, technology, and go-to-market expansion.

  • Buyer
    Fundamental Advisors
    Target
    BlueSky Helicopters
    Industry
    Transportation
    Type
    Addon

    Fundamental Advisors announced it has acquired BlueSky Helicopters, a Southern California-based aerial services operator focused on firefighting and utility services. The deal adds BlueSky’s five-helicopter fleet and in-house maintenance capabilities to Fundamental’s public service helicopter platform, expanding its West Coast presence and scaling aerial firefighting and utility services.

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