Private Equity-Backed Acquisitions in Connecticut

Kian Capital-backed Diamond Landscaping has acquired Christensen Landscape Services, a high-end residential landscaping firm based in Northford, Connecticut. The transaction is an add-on to Diamond Landscaping’s platform and expands the company’s Northeast footprint while adding in-house design and hardscape capabilities.

Keeler Motor Car Company, in partnership with Open Road Capital, acquired three dealerships — Lexus of Westport, Toyota of Westport and Audi Hawthorne — from New Country Motor Car Group. Haig Partners served as exclusive advisor to New Country on the sale as New Country repositions capital into other markets.

Leonard Green & Partners has completed the acquisition of NEFCO Holding Company LLC from Bertram Capital. NEFCO is a Hartford, Connecticut-based value-added distributor of SHARP products, tools, safety items and jobsite consumables with more than 70 U.S. locations; terms were not disclosed.

Valor Exterior Partners, a Cincinnati-based exterior home services platform backed by Osceola Capital, has acquired Landmark Exteriors, a Norwalk, Connecticut provider of roofing, siding and related residential exterior services. The add-on expands Valor's footprint into Connecticut and New York, enhances its high-end roofing and siding capabilities (including Landmark's Cedar Life division), and creates cross-selling and cash-flow opportunities across the Valor platform.

iQor CXBPO (a Mill Point Capital portfolio company) has acquired OP360, a customer experience BPO provider, to expand iQor's global CX and back‑office delivery footprint and deepen its tech‑enabled service capabilities. OP360’s teams across the Philippines, Colombia, India, Trinidad, Egypt and the United States will be integrated into iQor to strengthen scale, talent and industry coverage across healthcare, financial services and digital commerce.

Patriot Pickle, a Wayne, New Jersey-based manufacturer and distributor of pickles and fermented products, has acquired Cosmo's Food Products, a family-owned specialty peppers and antipasto manufacturer based in West Haven, Connecticut. The deal expands Patriot's product portfolio, manufacturing capacity and service offering for grocery and foodservice customers; terms were not disclosed.

Broadtree Partners, a lower middle market private equity firm based in Charlotte, has acquired The CFO Project, a membership-based education and mentorship platform for accountants, CPAs and bookkeepers. The deal—supported by Salem Investment Partners—will position The CFO Project to scale its digital Certified CFO program and community of 500+ members under new CEO Dyanna Salcedo.

Kpler has acquired Bridgeton Research Group LLC to integrate Bridgeton’s predictive models of systematic and algorithmic trading into Kpler’s trade intelligence platform. The deal expands Kpler’s analytics capabilities by combining physical commodity fundamentals with systematic flow analysis to better serve traders, asset managers, and other market participants.

Roofed Right America (RRA), a Milwaukee-based commercial roofing platform backed by Great Range Capital, has acquired Eagle Rivet Roof Services, a long-established commercial roofing contractor with locations in Bloomfield, Connecticut and Waltham, Massachusetts. The deal is an add-on to RRA's platform intended to expand its geographic footprint and service capabilities across New England while preserving Eagle Rivet's brand and leadership team.

SLR Consulting has acquired A. DiCesare Associates, P.C. (ADA), a Connecticut-based engineering firm specializing in highway and railroad bridge inspection, bridge design and underwater inspection services. The deal strengthens SLR’s transportation engineering and inspection capabilities and deepens its client relationships with state transportation agencies and rail clients across the U.S. Northeast.

Tescan Group has acquired FemtoInnovations, a UConn startup specializing in ultrafast laser systems, and will create a Laser Technology Business Unit (LT BU) headquartered at the University of Connecticut Tech Park. The deal adds laser micromachining and imaging/analysis capabilities to Tescan's correlative and multimodal portfolio to serve semiconductor, biomedical device manufacturing, and advanced research markets.

BlueMatrix has acquired the RMS Partners business ("RMS"), a global investment research software platform, from FactSet. The deal expands BlueMatrix's international footprint across EMEA and APAC, deepens its investment research product offering, and establishes an enhanced commercial agreement with FactSet making FactSet a preferred data provider.

SDG Corporation has acquired Hub City Media, Inc., a consultancy specializing in identity and access management (IAM), to expand its end-to-end IAM capabilities across advisory, integration, and managed services. The deal strengthens SDG's identity-first security offering and deepens partnerships with leading identity technology providers while integrating Hub City Media's technical expertise into SDG's global managed services.

Hudson Glade acquired ComNet Communications, a Bethel, Connecticut-based provider of low-voltage infrastructure solutions, in its second platform investment; terms were not disclosed. Hudson Glade partnered with New State Capital Partners on the transaction, with financing and support provided by Energy Impact Partners and GarMark Partners, and plans to expand ComNet’s presence in the data center market, deepen customer relationships, invest in sales, and pursue strategic acquisitions.

Sycamore Partners has acquired CareCentrix, which will operate as a private standalone company following the closing. The acquisition is in partnership with Stefano Pessina and his family (who reinvested 100% of their interests); CareCentrix will continue to be led by CEO Steve Horowitz and management as it focuses on home-centered, value-based care.

mPulse has acquired Clarity Software Solutions to combine Clarity's health communications and member-journey production capabilities with mPulse's Health Experience and Insights (HXI) platform, creating an omnichannel, AI-enabled member engagement solution. The deal was supported by mPulse's majority investor PSG and transitions Clarity leadership into mPulse (Steve Mongelli becomes President) to accelerate product integration and market expansion.

An affiliate of Certares Real Estate Management LLC has acquired a majority interest in the Hyatt Regency Greenwich from Trinity Investments. Trinity completed a $35 million renovation while owning the property and will partner with Certares to drive future growth and capitalize on favorable market dynamics in the Fairfield/Westchester region.

Blue Sea Capital has acquired MicroCare Holdings, LLC, a New Britain, Connecticut-based maker of precision cleaning consumables for healthcare, aerospace & defense, data centers, electronics and other critical markets. Terms were not disclosed; the transaction represents an exit by Heartwood Partners (Fund III) and positions MicroCare for accelerated product development, organic growth and complementary add-on acquisitions under Blue Sea's ownership.

Riverview Landscapes, a PE-backed landscaping platform (owned by Talus Holdings and management), has acquired All State Landscape Services LLC, a commercial landscaping and snow services provider based in New Britain, Connecticut. The acquisition is Riverview's first expansion into Connecticut and its 16th deal since 2022; All State's founder will remain in a consulting role while the longtime general manager will lead Riverview's Greater Hartford branch.

Barnes Aerospace has completed the acquisition of the East Hartford Operations (EHO) division of ATI Forged Products, a business of ATI Inc. The EHO facility — located in East Hartford, Connecticut — brings more than 75 years of experience and a workforce of over 80 employees, expanding Barnes Aerospace's precision machining capabilities for flight-safety-critical aeroengine and rotorcraft components. Mesirow served as exclusive financial advisor to ATI on the divestiture.

KKR & Co. Inc. has acquired a majority ownership stake in HealthCare Royalty Partners (HCRx), a Stamford-based biopharma royalty acquisition firm. HCRx's CEO Clarke Futch will remain as CEO with a minority interest, and the HCRx team will collaborate with KKR's healthcare platform to expand KKR's life sciences and royalty financing capabilities.

Agellus Capital acquired CompassMSP and combined it with its prior acquisition, BlackPoint IT Services, to form a scaled, nationwide managed IT and cybersecurity (MSP/MSSP) platform operating as CompassMSP. The move expands the platform's geographic footprint and capabilities across the Eastern, Midwest, Pacific Northwest and Mountain regions and positions the combined business to accelerate platform M&A, invest in talent and broaden service offerings.

Aspen Standard Wealth has acquired SKY Investment Group, a Hartford-based RIA managing $880 million in AUM. The deal adds SKY to Aspen's growing platform of partner RIAs and provides long-term capital, infrastructure and support while preserving SKY's identity and leadership.

Rent-A-Container, a Kinderhook Industries portfolio company, has acquired The Eagle Leasing Company, a family-owned provider of portable storage containers, semi-trailers and ground level offices in the Northeast U.S. The deal expands RAC's geographic footprint and operating scale, creating one of the largest independent portable storage and GLO leasing networks in the Eastern United States.

Choice Financial Group, a PE-backed insurance and financial services platform, has acquired Corporate Risk Solutions (CRS), a Southington, Connecticut-based risk management and insurance advisory firm. The deal — Choice's 30th acquisition — expands the platform's specialized capabilities in transactional risk, audit and analytics, litigation support, and operational risk advisory.

Quality Standard, a permanent-capital investor, has made a strategic investment in Flexi Software, an enterprise accounting software provider. The transaction enables Flexi to accelerate product innovation and customer service while co-founder Stefan R. Bothe retired and Quality Standard co-founder Jason Gilliland joined Flexi as CEO.

ReSource Pro has acquired Propellint, a technology services firm specializing in implementation and support for insurance platforms such as Insurity. The acquisition expands ReSource Pro’s core systems implementation, data migration and support capabilities to better serve carriers, MGAs and brokers; Morgan Partners served as sole financial advisor to ReSource Pro.

Funds managed by Stone Point Capital have acquired The Difference Card (EB Employee Solutions LLC) from Northlane Capital Partners. The investment will support The Difference Card's growth, accelerate product innovation and deepen broker partnerships as the company continues to provide healthcare cost-containment solutions to employers nationwide.

Extra Duty Solutions (EDS), a provider of off-duty program administration services and scheduling SaaS for law enforcement and public safety agencies, received a significant growth equity investment from Bregal Sagemount. The investment will fund EDS's technology enhancements, geographic expansion, and extension of its suite of solutions; Sagemount partners will join EDS's board.

Welsh, Carson, Anderson & Stowe (WCAS) has made a strategic growth investment in Constitution Surgery Alliance (CSA), an independent developer and operator of ambulatory surgery centers. The investment will provide capital and healthcare scaling expertise to help CSA expand nationally; CSA currently manages 16 facilities across five states and performs over 100,000 procedures annually.

Ewaste+, a Victor, New York-based electronics recycling and ITAD provider backed by Sidereal Capital Group, has acquired Take 2 Recycling of Waterbury, Connecticut as part of its Northeast expansion. The deal brings Take 2’s team and local relationships into Ewaste+ to expand regional capabilities and support growing national accounts.

Chocolate Works, a portfolio company of Insignia Capital, has acquired Thompson Chocolate, a Meriden, Connecticut-based manufacturer of specialty and foil-wrapped chocolate novelties. The transaction — facilitated by Insignia Capital Group/Insignia Capital Partners — is Chocolate Works' second add-on (after Moonstruck) and expands the platform's private-label, co-manufacturing and foil-wrapping capabilities for retail and branded customers.

TA Associates has agreed to make a strategic minority investment in Kline Hill Partners to support the firm’s continued growth and scale its team and technology platform. The partnership will deepen Kline Hill’s capabilities in the private equity secondaries and asset/wealth management markets; terms were not disclosed and the deal is expected to close in Q2 2025.

Funds affiliated with AEA Investors' Small Business Private Equity strategy acquired a majority stake in Splash Car Wash from Palladin Consumer Retail Partners. Splash, a Milford, Connecticut–based car wash operator with more than 65 locations across the Northeast, will be led by newly appointed CEO Dan Petrelle as it pursues accelerated growth through strategic acquisitions and new site openings; terms were not disclosed.

Constellation Wealth Capital acquired a minority stake in Procyon Partners to provide growth capital and strategic resources to help the RIA scale operations, attract talent, and expand its national footprint. Procyon Partners will remain independently operated and retains support from back‑office partner Dynasty Financial Partners; Houlihan Lokey and Dynasty Investment Bank advised on the transaction.

Falx Capital, a Denver-based private investment firm, has acquired Pyramid Time Systems, a Meriden, Connecticut-based provider of time and attendance solutions and synchronized clock systems. Falx is partnering with John (Jack) Kiley as CEO and President to lead the company's next growth phase; current owners John Augustyn and George Bucci will retire after assisting with the transition.

MEI Rigging & Crating, a portfolio company of Olympus Partners, has acquired Northeast Riggers, a regional provider of machinery moving, transportation and managed storage services with locations in Farmington, Connecticut; Jupiter, Florida; and Columbus, Georgia. The add-on expands MEI's footprint in New England and the Southeast and broadens its service capabilities in rigging, machinery moving and storage.

PerkinElmer has acquired Project Farma, a life‑sciences technical operations consultancy and subsidiary of Precision for Medicine, to expand its OneSource professional services offering. The acquisition brings Project Farma’s engineering, commissioning/qualification, project management and GMP facility experience into PerkinElmer’s lab services portfolio; terms were not disclosed.

CongruityHR, a North Carolina-based Professional Employer Organization (PEO) and portfolio company of RFE Investment Partners, has acquired Total Team Solutions (TTS), a Glastonbury, Connecticut-based provider of payroll, employee benefits and HR services for small- and mid-sized businesses. The deal expands CongruityHR's regional footprint and service capabilities, strengthening its position in the outsourced HR/PEO market.

Newly formed Stronvar Aerospace, backed by an investment from Blackstone’s private equity strategy for individual investors, has acquired Electro Methods Inc. (EMI) from privately held owners. The deal positions Stronvar to build a capabilities-focused platform serving the aero-engine supply chain by expanding EMI’s capacity, capabilities and workforce while maintaining continuity of EMI management.

TPG, through its TPG Rise Climate Transition Infrastructure strategy, acquired Altus Power, Inc. in an all-cash transaction at $5.00 per share, valuing the company at approximately $2.2 billion including outstanding debt. The deal—first announced on February 6, 2025—closed in April 2025, taking Altus Power private and positioning the company to scale its commercial-scale solar, energy storage and charging solutions.

Circular Services has acquired Quantum Organics, an organics management and processing business based in Southington, Connecticut. The deal adds anaerobic digestion, large-scale composting and organics processing capabilities to Circular Services’ national recycling and materials-recovery platform, expanding its services in the Northeast and enhancing its organic-waste-to-products capability.

Kinderhook Industries has acquired US Anchors, the parent company of the TOGGLER, Wej-It, and Heckmann brands, in partnership with Ted and David Garfield. The Garfield Family will retain an ownership stake, Jordan Eisenberg will join as CEO, and Kinderhook plans to accelerate growth through organic initiatives and strategic acquisitions with financing provided by Twin Brook Capital Partners and Kayne Anderson Private Credit.

Funds managed by affiliates of Apollo Global Management have completed the all-cash acquisition of Barnes Group Inc. for an enterprise value of approximately $3.6 billion. The transaction takes Barnes private—Barnes shareholders received $47.50 per share—and Apollo said it will support the company’s transformation strategy and growth across aerospace and industrial end markets.

PremiStar has partnered with Air Temp Mechanical, Connecticut’s largest independent commercial HVAC contractor, adding the 188-employee company to its national platform and expanding PremiStar’s footprint to 16 states. Air Temp Mechanical (founded 2001, led by Jeff Leone) provides HVAC installation, maintenance, building controls, plumbing and sheet metal fabrication to education, commercial/industrial, healthcare and government customers.

SightMD Connecticut has acquired Doctor & Associates, a three-location ophthalmology practice serving Fairfield County (Westport, Wilton and Norwalk), bringing three physicians and expanded cataract, cornea and LASIK capabilities into the SightMD Connecticut network. The practice will integrate with SightMD Connecticut’s clinical and ambulatory surgery center resources and administrative support from Sight Growth Partners, which is backed by private equity firm Chicago Pacific Founders.

Lockmasters, a portfolio company of Dominus Capital, has acquired Orchard Lock Distributors LLC, a Hamden, Connecticut-based wholesale distributor of commercial and architectural door locksets and security solutions. Orchard Lock will operate as the New England division of JLM Wholesale (a Lockmasters affiliate), with former owner Daniel Carpey remaining in a leadership role.

GEON Performance Solutions, a portfolio company of SK Capital Partners, acquired Foster Corporation, a compounder of biomedical polymers used in the medical device and healthcare markets. The acquisition expands GEON’s medical polymer portfolio and manufacturing capacity—Foster is headquartered in Putnam, Connecticut, operates three U.S. manufacturing sites and two distribution centers, and employs approximately 200 people.

Altus Fire & Life Safety, a portfolio company of funds advised by Apax Partners LLP, has acquired Facility Compliance Services LLC & Facilities Compliance Fire Protection LLC (FCS), a Connecticut-based provider of inspection, testing, maintenance and compliance services. The acquisition is an add-on that expands Altus' geographic footprint into Connecticut and strengthens its fire protection and life safety service capabilities.

Hub International Limited has acquired the assets of Fairfield County Bank Insurance Services, LLC, an independent insurance agency headquartered in Ridgefield, Connecticut. The Fairfield County Insurance Services team, led by Mark Connelly, will join Hub New England to expand Hub's commercial, personal insurance and employee benefits capabilities in the region; terms were not disclosed.