Private Equity-Backed Acquisitions in California

Tracked deals

2585

2585 tracked deals across 2006-2026.

Buyer mix

Mixed buyer set

2422 pe · 1464 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
Platinum Equity 17 Global private equity firm specializing in buyouts and op... PE
Clearlake Capital Group, L.P. 16 Private investment firm focused on partnering with manage... PE
Trive Capital 16 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 335 2025 ~250 est. 130 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

  • Buyer
    EP Wealth Advisors
    Target
    Opes Wealth Management
    Type
    Buyout

    EP Wealth Advisors announced a partnership/acquisition of Opes Wealth Management, a Menlo Park, California-based wealth management firm with more than $900 million in assets under management. The deal adds the Opes team (eight members) to EP Wealth and is intended to expand EP Wealth’s Northern California presence and integrated, planning-first advisory capabilities.

  • Buyer
    Parabellum Investments
    Target
    Crux Informatics, Inc.
    Industry
    Data & Analytics
    Type
    Buyout

    Parabellum Investments acquired Crux Informatics, an AI-powered external data management platform serving financial services and technology firms. Crux’s Sphere managed data onboarding/operations and ArrayX agentic ingestion/self-healing pipelines are intended to be combined with Parabellum’s operational and long-term growth strategy to accelerate product innovation and expand international reach.

  • Buyer
    Osprey Landscape Group
    Target
    LandGraphics
    Seller
    Anil Hiremath
    Type
    Addon

    Osprey Landscape Group acquired LandGraphics, a commercial landscape services provider serving Southern California. The transaction closed in June 2026 and marked Osprey’s first acquisition in California, creating a California platform to expand across the Western United States.

  • Buyer
    AMPAM Parks Mechanical, Inc., Gemspring Capital
    Target
    Coastal Fire & Integration Systems
    Type
    Addon

    AMPAM Parks Mechanical, a Gemspring Capital portfolio company, acquired Coastal Fire & Integration Systems to expand its integrated residential MEP platform. Coastal, based in Poway, California, provides fire protection and life-safety systems as well as low-voltage technology consulting, design, installation, and inspection services for multifamily and mixed-use projects.

  • Buyer
    Raven Capital, Hudson Cove Capital Management
    Target
    Elevate

    Raven Capital arranged a $655 million refinancing for Elevate Credit, a tech-enabled online credit provider focused on underserved consumers in the United States. The refinancing, supported by Hudson Cove Capital Management, extends Raven’s long-standing partnership and provides Elevate with capital for platform investment and disciplined growth.

  • Buyer
    Mill Point Capital LLC
    Target
    Total Safety Supplies and Solutions, Inc.
    Seller
    Total Safety U.S., Inc.
    Type
    Buyout

    Mill Point Capital has signed a definitive agreement to acquire Total Safety Supplies and Solutions, Inc. (TSSS), a distributor of industrial maintenance, repair and operations (MRO) products and safety/PPE supplies, from Total Safety U.S., Inc. The transaction is Mill Point’s 20th corporate carve-out and is expected to close later in 2026, subject to regulatory approvals and customary conditions. Financial terms were not disclosed, and TSSS will transition into a standalone platform business under independent ownership.

  • Buyer
    Bain Capital Private Equity
    Target
    FDH Aero
    Seller
    Audax Private Equity
    Industry
    Transportation
    Type
    Buyout

    FDH Aero entered into a definitive agreement to receive a majority investment from Bain Capital Private Equity, with Audax Private Equity expected to remain a significant investor. The funding will support FDH’s next phase of growth through continued investment in capabilities, its service model, and global reach, including organic initiatives and strategic acquisitions.

  • Buyer
    Decks & Docks Company, CCMP Growth
    Target
    J&W Lumber
    Seller
    J&W Owner Clyde Jennings
    Industry
    Transportation
    Type
    Addon

    Decks & Docks Company (portfolio company of CCMP Growth) announced its acquisition of J&W Lumber, a Southern California supplier of premium outdoor building materials with six retail locations. The deal marks Decks & Docks’ entry into the West Coast market and expands its geographic footprint beyond its traditional Sun-belt coverage.

  • Buyer
    JMI Equity
    Target
    SewerAI

    SewerAI, an AI platform for sewer and underground infrastructure intelligence, announced a major strategic growth equity investment led by JMI Equity. The round includes continued participation from Innovius Capital, Epic Ventures, and Bentley Systems, with funds intended to accelerate AI-driven inspection, assessment, rehabilitation planning, and asset management capabilities.

  • Buyer
    HPS Investment Partners, Capital One
    Target
    Discovery Behavioral Health
    Seller
    Webster Equity Partners

    Discovery Behavioral Health (DBH) entered a major restructuring after defaulting on roughly $280 million of debt, following a dispute over its debt-to-earnings calculations. Lenders led by HPS Investment Partners and Capital One seized control, ousting the board and CEO and effectively converting debt into ownership, with a new CEO (Pete Clarke) introduced in the subsequent announcement.

  • Buyer
    Metatron Private Equity, Reichmann Segal Capital Partners
    Target
    Green Circuits Inc.
    Seller
    Evolve Capital
    Industry
    IT Services
    Type
    Buyout

    Reichmann Segal Capital Partners launched Metatron Private Equity and completed its first acquisition under the new platform, buying Green Circuits Inc., a Silicon Valley electronics manufacturing services (EMS) provider, from Evolve Capital. The deal terms were not disclosed, and financing was provided by a lender syndicate led by National Bank of Canada.

  • Buyer
    Hg Capital
    Target
    Rightsline
    Seller
    Klass Capital, Salem Partners, Management team
    Industry
    Software
    Type
    Buyout

    Hg Capital has agreed to acquire Rightsline, a Los Angeles–based rights and royalties management software provider, in a deal valued at around $500 million including debt. The investment is intended to accelerate Rightsline’s AI roadmap and support global expansion, with existing investors (including Klass Capital, Salem Partners, and management) reinvesting alongside Hg.

  • Buyer
    Curated Events, MRE Capital
    Target
    Casa de Perrin
    Seller
    Diana Perrin, Josh Perrin
    Type
    Addon

    Curated Events, a national luxury event rental and production platform backed by MRE Capital, announced the acquisition of Casa de Perrin, a Los Angeles-based luxury tabletop curation and design house. The deal expands Curated Events’ integrated premium event ecosystem by adding Casa de Perrin’s tabletop design authority, inventory, and brand recognition.

  • Buyer
    Fortress Investment Group, Vector Capital
    Target
    IPValue Management Group
    Seller
    Vector Capital
    Industry
    IT Services
    Type
    Buyout

    Fortress Investment Group announced it has acquired IPValue Management Group, a leading intellectual property licensing and commercialization company. IPValue will continue to operate independently under its current senior leadership team, with enhanced access to capital to expand its IP commercialization programs.

  • Buyer
    Advaya Capital, Lead Edge Capital
    Target
    Comscore Movies
    Seller
    Comscore, Inc.
    Industry
    Data & Analytics
    Type
    Buyout

    Advaya Capital completed its acquisition of Comscore Movies, the theatrical box office measurement platform, from Comscore, Inc. Following the close, the business will return to the Rentrak name and plans to invest in expanding its data set, leveraging AI, and building analytics and new products for studios, distributors, and exhibitors.

  • Buyer
    Tallvine Partners
    Target
    Lind Marine, LLC
    Type
    Buyout

    Tallvine Partners acquired Lind Marine, LLC to expand its North American marine infrastructure platform onto the West Coast. The deal follows Tallvine’s September 2025 acquisition of Donjon Marine and will broaden capabilities and the customer base, with Christian Lind continuing as CEO.

  • Buyer
    Accel-KKR (AKKR)
    Target
    UpKeep
    Industry
    Cloud & SaaS

    UpKeep, an AI-native asset operations and CMMS platform, announced it received a strategic growth investment from Accel-KKR. The capital is intended to accelerate UpKeep’s platform expansion across maintenance, safety, and learning for more than 400,000 users in 60 countries.

  • Buyer
    Coupa
    Target
    Tonkean
    Industry
    Cloud & SaaS
    Type
    Buyout

    Coupa, a cloud-native agentic trade network for autonomous spend management, announced its acquisition of Tonkean, an AI-native intake and orchestration platform, on May 21, 2026. The deal is intended to strengthen Coupa’s “Agentic-as-a-Service” capabilities by enabling multi-agent orchestration and agent-to-agent coordination across buyer and supplier workflows.

  • Buyer
    GAF Partners
    Target
    Hydrex Pest Control Co. of San Diego & Imperial Counties
    Type
    Buyout

    GAF Partners has completed the acquisition of Hydrex Pest Control Co. of San Diego & Imperial Counties. Hydrex, founded in 1921, provides residential pest control, rodent control and exclusion, termite treatment, and wood repair services, and will continue operating under the Hydrex brand with its existing team.

  • Buyer
    Anthropic, Blackstone, Hellman & Friedman
    Target
    Fractional AI
    Type
    Buyout

    Anthropic’s Blackstone- and Hellman & Friedman-backed enterprise services joint venture acquired Fractional AI, an applied AI implementation firm based in San Francisco. The acquisition provides the new (as-yet-unnamed) venture with Fractional’s delivery team to help midsize businesses deploy Anthropic’s Claude into core operations.

  • Buyer
    Marco Sealing Solutions, Align Capital Partners
    Target
    Pride Seals, Inc.
    Type
    Addon

    Marco Sealing Solutions, an Align Capital Partners portfolio company, announced the acquisition of Pride Seals, Inc., a provider of specialty sealing products and services. The deal expands Marco’s product portfolio, technical capabilities, and customer reach, while giving Pride Seals customers access to Marco’s broader inventory network and global sourcing capabilities.

  • Buyer
    H.I.G. Capital
    Target
    International Aerospace Coatings (IAC)
    Industry
    Transportation
    Type
    Buyout

    H.I.G. Capital said one of its affiliates has completed the acquisition of International Aerospace Coatings (IAC), a provider of aircraft painting solutions and related aviation services. H.I.G. plans to scale IAC by expanding its geographic footprint, investing in additional hangar capacity, and pursuing selective add-on acquisitions.

  • Buyer
    Mercer Global Advisors, Inc. (Mercer Advisors)
    Target
    Eagleson Arndt Financial Advisors
    Type
    Buyout

    Mercer Global Advisors (Mercer Advisors) acquired Eagleson Arndt Financial Advisors, a women-led wealth management firm based in Thousand Oaks, California, with approximately $100 million in assets under management. The deal expands Mercer Advisors’ presence across Ventura County and the broader Greater Los Angeles region and gives Eagleson Arndt clients access to integrated family office services.

  • Buyer
    Montage Partners
    Target
    Lighten Up
    Seller
    Nathan Megaw

    Montage Partners, a people-first private equity firm, announced its investment in Lighten Up, a provider of premium lighting design, equipment, and technical production services for high-profile live events. The deal was closed on May 5, 2026, with founder and President Nathan Megaw retaining a meaningful ownership stake and continuing to lead the company.

  • Buyer
    LLR Partners, Accel-KKR
    Target
    FastSpring

    LLR Partners announced a strategic investment in FastSpring, an all-in-one digital commerce platform that acts as a merchant of record providing payments, subscriptions, and international tax management for AI, SaaS, gaming, and software companies. LLR joins existing financial backer Accel-KKR to support FastSpring’s continued product innovation and go-to-market expansion.

  • Buyer
    Urban Armor Gear (UAG), HKW
    Target
    Nomad Goods, LLC (Nomad)
    Type
    Addon

    Urban Armor Gear (UAG) completed its acquisition of Nomad Goods, a Santa Barbara-based designer and manufacturer of premium smartphone and smartwatch accessories. The deal expands UAG’s presence in the premium mobile accessories market and strengthens its direct-to-consumer capabilities.

  • Buyer
    Simpatica, Tahuaycani, Ospraie Management, LLC
    Target
    GreenFruit Avocados
    Industry
    Food & Beverage
    Type
    Buyout

    GreenFruit Avocados, a California-based avocado supplier focused on ripening, cold storage and distribution, was acquired by a partnership of industry veterans. The group—formed by Simpatica partners Scott Bauwens and Jamie Johnson, former Mission Produce executive Jim Donovan, and Spain-based investment company Tahuaycani—closed the transaction on April 24, 2026 and will expand GreenFruit’s integrated supply footprint across South America, California, Mexico and Europe.

  • Buyer
    Centurium Capital
    Target
    Blue Bottle Coffee
    Seller
    Nestlé
    Type
    Buyout

    Nestlé confirmed it is selling Blue Bottle Coffee to Chinese private equity firm Centurium Capital. The deal is subject to customary conditions and is expected to close in the first half of 2026; financial terms were not disclosed.

  • Buyer
    Banneker Partners
    Target
    ResFrac Corporation

    Banneker Partners announced a platform investment in ResFrac Corporation, which develops a fully integrated reservoir simulation and hydraulic fracturing software platform. The investment is intended to support ResFrac’s ongoing platform innovation, expansion into adjacent capabilities, and scaling of its team and roadmap.

  • Buyer
    Confie
    Target
    Kemper’s Newins retail property and casualty insurance agency portfolio (Newins)
    Seller
    Kemper
    Industry
    Insurance
    Type
    Buyout

    Confie announced it is acquiring Kemper’s Newins retail property and casualty insurance agency portfolio. The deal adds 72 retail locations across Illinois, Texas, Nevada, Arizona, and Indiana, and includes brands Illinois Vehicle (IV), A-Abana, and Access Auto.

  • Buyer
    Avem Partners, True West Capital Partners
    Target
    Precision Aircraft Machining Company, Inc. (PAMCO)
    Industry
    Manufacturing
    Type
    Buyout

    Avem Partners, a private equity firm focused on lower middle market aerospace and defense businesses, completed its acquisition of Precision Aircraft Machining Company, Inc. (PAMCO). True West Capital Partners, along with several family offices and other high-net-worth individuals, provided capital to support the transaction.

  • Buyer
    Learning Pool, Marlin Equity Partners
    Target
    WorkStep Inc.
    Industry
    IT Services
    Type
    Buyout

    Marlin Equity Partners, through its portfolio company Learning Pool, completed the acquisition of WorkStep Inc. The deal expands Learning Pool’s frontline workforce engagement capabilities by combining WorkStep’s AI-driven analytics with its training platforms to deliver more integrated, data-driven tools for workforce performance and retention.

  • Buyer
    Protecht Group, PSG Equity
    Target
    VISO TRUST
    Industry
    Cybersecurity
    Type
    Buyout

    Protecht Group, an Australian GRC (governance, risk and compliance) solutions provider, announced its acquisition of VISO TRUST, a U.S.-based AI-powered third-party and cyber risk management platform. The deal is intended to integrate VISO TRUST’s “agentic AI” into Protecht’s GRC platform to speed vendor due diligence, automate GRC workflows, and enable continuous third- and fourth-party risk monitoring.

  • Buyer
    José E. Feliciano, Kwanza Jones, Clearlake Capital Group
    Target
    San Diego Padres
    Seller
    Peter Seidler Trust, Sheel Kamal Seidler, Bob Seidler, Matt Seidler, Current Padres ownership group (entities/people unspecified), BDT & MSD
    Type
    Buyout

    José E. Feliciano and his wife Kwanza Jones have reached a deal to buy the San Diego Padres for $3.9 billion, setting a new MLB record for a franchise sale. Feliciano, co-founder of Clearlake Capital, is expected to provide a large portion of the funding; an official announcement is expected shortly, according to people familiar with the details.

  • Buyer
    Frontenac, Monroe Capital LLC
    Target
    Honk Technologies, Honk (strategic add-on acquisition: non-tow services via light-duty service technician network)
    Industry
    IT Services

    Frontenac announced the recapitalization of Honk Technologies, a technology-enabled roadside assistance platform. At closing, Honk also completed a strategic add-on acquisition focused on non-tow services delivered through a national light-duty service technician network, supported by senior credit facility financing from Monroe Capital.

  • Buyer
    Frazier Life Sciences, Novartis Venture Fund, OrbiMed, Life Sciences at Goldman Sachs Alternatives, DCVC Bio, Samsara BioCapital, Longwood Fund, Astellas Venture Management, Alexandria Venture Investments
    Target
    Sidewinder Therapeutics
    Industry
    Biotechnology

    Sidewinder Therapeutics, a biopharmaceutical company developing next-generation bispecific ADCs for cancer, announced the closing of an oversubscribed $137 million Series B financing. The round was co-led by Frazier Life Sciences and Novartis Venture Fund with participation from OrbiMed and new investors including Goldman Sachs Alternatives (Life Sciences), DCVC Bio, Samsara BioCapital, Longwood Fund, Astellas Venture Management, and others.

  • Buyer
    Phillips Pet Food, Axar Capital Management, Gordon Brothers
    Target
    Central Pet
    Seller
    Central Garden & Pet Co.
    Type
    Buyout

    Phillips Pet Food (owned by Axar Capital Management) acquired Central Garden & Pet Co.’s pet distribution arm, Central Pet. Gordon Brothers provided $175 million of strategic financing as an integrated asset-based lending facility with a RILO tranche, and will serve as integration agent with real estate and inventory optimization support.

  • Buyer
    KDC Partnership
    Target
    Eagle Mountain Data
    Industry
    Data & Analytics

    KDC Partnership has acquired a 10% stake in AI-factory/data center builder Eagle Mountain Data (EMDI). The investment is intended to provide growth capital to accelerate development of EMDI’s 1,000-megawatt portfolio of AI factories across the continental United States, with KDC retaining the right to acquire an additional 30% stake.

  • Buyer
    Superior Duct Fabrication
    Target
    Air Handlers Supply, Inc.
    Industry
    IT Services
    Type
    Addon

    Superior Duct Fabrication, a California-based HVAC and sheet metal provider and a Pike Street Capital portfolio company, announced it is acquiring Air Handlers Supply, Inc. (AHS), a full-service manufacturer, fabricator, and distributor of sheet metal products and HVAC accessories serving the greater Los Angeles region. The deal is intended to deepen Superior’s penetration in Southern California by adding capacity and complementary manufacturing and distribution capabilities.

  • Buyer
    Westnet LLC
    Target
    Low Voltage Installations, Inc.
    Type
    Buyout

    Westnet LLC acquired Low Voltage Installations, Inc. to expand its end-to-end fire station alerting and public safety communication offerings. The deal combines Westnet’s technology platform with LVI’s 26+ years of design, installation, and support expertise—particularly strengthening Westnet’s presence and service capabilities in Colorado.

  • Buyer
    Factory Holdings, Andreessen Horowitz (a16z) Cultural Leadership Fund
    Target
    Kalshi

    Factory Holdings, a family office platform, led a $4.7 million investment into Kalshi’s previously announced Series E financing round, alongside Andreessen Horowitz’s Cultural Leadership Fund. The round valued Kalshi at approximately $11 billion and included participation from a16z, Sequoia Capital, CapitalG, ARK Invest, Charles Schwab, and Y Combinator.

  • Buyer
    Charlesbank Capital Partners, Carlyle AlpInvest
    Target
    Bridgepointe Technologies
    Industry
    IT Services

    Bridgepointe Technologies, a technology advisory and enablement services platform, announced a strategic growth investment led by Charlesbank Capital Partners with Carlyle AlpInvest investing alongside. The transaction values Bridgepointe at over $1 billion and provides capital to accelerate growth, pursue strategic acquisitions, and invest in technology, data capabilities, and its go-to-market organization.

  • Buyer
    Avista Healthcare Partners, Greyrock Capital Group
    Target
    Bentec Medical
    Seller
    Greyrock Capital Group, Hermitage Equity Partners
    Industry
    Medical Devices
    Type
    Buyout

    Avista Healthcare Partners acquired Bentec Medical, a Woodland, California manufacturer of complex silicone-based medical device components and finished goods. The deal was announced April 8, 2026, and financial terms were not disclosed.

  • Buyer
    5
    Target
    Engenuus Energy, LLC
    Industry
    IT Services
    Type
    Addon

    Technology-enabled energy advisory firm 5 acquired California-based energy consulting firm Engenuus Energy, LLC. The deal expands 5’s California presence and combines 5’s Level5 software platform with Engenuus’s client relationships and energy expertise.

  • Buyer
    First Reserve
    Target
    Lindsey Systems
    Seller
    Lindsey family (including Dr. Keith Lindsey)
    Industry
    Infrastructure

    First Reserve completed a majority equity investment in Lindsey Systems, a family-owned provider of proprietary products and engineered solutions for electric grid transmission and distribution. The capital is intended to support Lindsey’s next phase of growth and accelerate its strategic plan to expand capabilities, innovation, and scale amid grid modernization demand.

  • Buyer
    Frontenac
    Target
    Honk Technologies, CurbsideSOS
    Industry
    IT Services
    Type
    Addon

    Frontenac, a Chicago-based private equity firm, acquired Honk Technologies, a technology-enabled roadside assistance and vehicle logistics platform. The transaction also included Honk’s strategic add-on acquisition of CurbsideSOS to expand digital infrastructure for roadside assistance and accident management.

  • Buyer
    Wheelhouse
    Target
    Hamon Overhead Door Company Inc.
    Industry
    Construction
    Type
    Addon

    Wheelhouse, a residential and commercial garage door services platform backed by Trivest Partners, acquired Hamon Overhead Door Company Inc. to expand its presence on California’s Central Coast. The deal adds Hamon’s Paso Robles and Santa Maria locations and is intended to preserve Hamon’s local brand while providing Wheelhouse platform resources.

  • Buyer
    Aeromax Industries, Chimney Rock Equity Partners, LLC
    Target
    The Ely Co., Inc., Ely Co., Inc.
    Seller
    Members of the Senff family
    Type
    Addon

    Aeromax Industries acquired The Ely Co., Inc., a Torrance, California precision aerospace machining company specializing in tight-tolerance metallic components for commercial and military aerospace customers. The deal is Aeromax’s first acquisition since being acquired by Chimney Rock Equity Partners, and terms were not disclosed.

  • Buyer
    Guardian Capital Partners
    Target
    Nügredient Solutions
    Seller
    Bob Farinha (co-founder and CEO; retains a meaningful ownership stake)
    Industry
    Food & Beverage
    Type
    Buyout

    Guardian Capital Partners has completed its acquisition of Nügredient Solutions, a developer and manufacturer of specialty nut-based and plant-based ingredient solutions headquartered in Modesto, California. Co-founder and CEO Bob Farinha will retain a meaningful ownership stake and continue leading the company’s operations following the acquisition.

  • Buyer
    Godspeed Capital Management LP
    Target
    GALT Aerospace
    Industry
    Cybersecurity

    GALT Aerospace, a defense C3 technology provider for airborne systems, announced it has received a strategic investment from Godspeed Capital Management LP. The deal establishes GALT as Godspeed’s new defense technology platform focused on advanced command, control, and communications (C3) solutions to support multi-domain operations. Financial terms were not disclosed.

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