Tracked deals
1038
1038 tracked deals across 2000-2026.
Private Equity-Backed Acquisitions in Illinois
Buyer mix
Mixed buyer set
1030 pe · 540 strategic
Top trend
Volume peaked in 2021
196 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.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| H.I.G. Capital | 12 | Global private equity and alternative assets firm providi... | PE |
| Audax Private Equity | 9 | Middle-market private equity firm focused on growth-orien... | PE |
| Wind Point Partners | 9 | Chicago-based private equity firm that partners with foun... | PE |
| Gryphon Investors | 8 | Middle-market private equity firm focused on building and... | PE |
| Mill Point Capital LLC | 8 | Middle-market private equity firm focused on control-orie... | PE |
| New Mountain Capital | 8 | Growth-oriented investment firm investing across private ... | PE |
| Thoma Bravo | 8 | Private equity firm focused on software and technology-en... | PE |
| Shore Capital Partners | 7 | Chicago-based private equity firm that invests in lower-m... | PE |
| Berkshire Partners | 6 | Multi-sector specialist private equity investor focused o... | PE |
| KKR | 6 | Global investment firm offering private equity, credit, r... | PE |
Acquisition Volume in Private Equity-Backed in Illinois by Year
Last 10 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
-
- Buyer
- Platinum Equity
- Target
- Tangent Technologies
- Seller
- The Sterling Group
- Industry
- Manufacturing
- Location
- Illinois, United States
- Type
- Buyout
The Sterling Group entered into a definitive agreement to sell Tangent Technologies to Platinum Equity. The transaction is expected to close in the third quarter of 2026, and financial terms were not disclosed.
-
- Buyer
- Ridgeline Roofing & Restoration, Bertram Capital
- Target
- Freedom Roofing & Construction
- Seller
- Kurt Kiser
- Industry
- Industrial Services
- Location
- Illinois, United States
- Type
- Addon
Ridgeline Roofing & Restoration has acquired Freedom Roofing & Construction, a Champaign, Illinois-area provider of roofing and exterior services. The deal is Ridgeline’s seventh acquisition, and terms were not disclosed.
-
June 10, 2026
- Buyer
- FlavorSum, Warburg Pincus
- Target
- Beverage Flavors International (BFI)
- Industry
- Food & Beverage
- Location
- Illinois, United States
- Type
- Addon
FlavorSum, a North American flavor solutions provider backed by Warburg Pincus, has acquired Beverage Flavors International (BFI), a U.S.-based manufacturer of proprietary beverage flavor bases and sweetener solutions. The deal adds BFI’s end-to-end beverage flavor base capabilities to FlavorSum’s platform, and operations are expected to continue at BFI’s Chicago facility after closing.
-
- Buyer
- MCE, Frontenac
- Target
- Tripp Electric Motors
- Industry
- Industrial Services
- Location
- Illinois, United States
- Type
- Addon
MCE, a Cleveland-based industrial motor repair and equipment services platform backed by Frontenac, acquired Tripp Electric Motors, a Chicago-area motor repair specialist serving manufacturers across northern Illinois. Terms were not disclosed, and the deal adds a second Chicago-area location while deepening MCE’s penetration across the industrial corridor from Rockford through Aurora to Gary, Indiana.
-
May 20, 2026
- Buyer
- Integrated Home Care Services
- Target
- Dina Care
- Industry
- Healthcare Services
- Location
- Illinois, United States
- Type
- Buyout
Integrated Home Care Services announced its acquisition of Dina Care, an AI-enabled care coordination and referral management platform. The combined platform is intended to expand Integrated’s in-home benefit management capabilities by pairing its utilization management, provider network, referral management and fulfillment expertise with Dina’s AI-driven workflow automation and digital workforce tools.
-
- Buyer
- Invesco Senior Secured Management, Inc., Fortress Investment Group (affiliates)
- Target
- Empire Today, LLC
- Industry
- Retail
- Location
- Illinois, United States
- Type
- Recapitalization
Empire Today, LLC has received a new equity investment from an investment group led by funds managed by Invesco Senior Secured Management and funds managed by affiliates of Fortress Investment Group. The equity infusion is part of a broader transaction aimed at solidifying Empire’s balance sheet, and Invesco and Fortress now own the majority of the company’s equity.
-
May 4, 2026
- Buyer
- COEO Solutions
- Target
- S-NET Communications, Inc.
- Industry
- IT Services
- Location
- Illinois, United States
- Type
- Addon
COEO Solutions, a Riata Capital Group portfolio company, acquired S-NET Communications to expand its managed network, cloud communications, and managed IT platform for multi-location mid-market enterprises. The deal adds S-NET’s AI-powered contact center platform and deep vertical expertise in hospitality, QSR/franchise, and healthcare. Financial terms were not disclosed.
-
April 28, 2026
- Buyer
- Main Street Capital Corporation
- Target
- Shift Transit, LLC, Shift Transit Inc.
- Seller
- Shift Transit's founders and existing owners
- Industry
- Transportation
- Location
- Illinois, United States
- Type
- Recapitalization
Main Street Capital Corporation completed a $40.0 million minority recapitalization of Shift Transit, LLC and Shift Transit Inc. The financing combines first lien, senior secured term debt and a direct minority equity investment alongside Shift Transit's founders and existing owners.
-
April 24, 2026
- Buyer
- KKR
- Target
- Crowe LLP
- Industry
- Professional Services
- Location
- Illinois, United States
- Type
- Buyout
KKR is in advanced talks and has entered an exclusivity period to acquire Crowe LLP for $2.5 billion to $3.0 billion, according to sources. The deal would be supported by discussions with private lenders to raise about $1 billion in debt financing.
-
April 23, 2026
- Buyer
- Shrieve Chemical Company, Gemspring Capital
- Target
- Vertec BioSolvents
- Industry
- Industrial Services
- Location
- Illinois, United States
- Type
- Buyout
Shrieve Chemical Company, a Gemspring Capital portfolio company, acquired Vertec BioSolvents, a manufacturer of bio-based solvents headquartered in West Chicago, Illinois. The companies said the acquisition expands Shrieve’s specialty portfolio and deepens its presence across key end markets serving the demand for more sustainable chemistry. Financial terms were not disclosed.
-
April 21, 2026
- Buyer
- Main Street Capital Corporation, MSC Income Fund, Inc.
- Target
- UBM ParentCo, LLC (United Business Mail)
- Industry
- IT Services
- Location
- Illinois, United States
- Type
- Growth capital
Main Street Capital Corporation and its co-investor MSC Income Fund, Inc. completed a follow-on investment totaling $15.6 million in UBM ParentCo, LLC (doing business as United Business Mail, or UBM). The additional first lien, senior secured term debt investment is intended to support UBM’s strategic acquisition of a national, asset-light palletized mail consolidation and optimization services provider, along with freight brokerage and warehousing/distribution capabilities.
-
April 15, 2026
- Buyer
- Consertus, Inc., RTC Partners
- Target
- CCS International, Inc.
- Industry
- Professional Services
- Location
- Illinois, United States
- Type
- Addon
Consertus, a portfolio company of RTC Partners, acquired CCS International, a capital project management and cost advisory firm based in Oakbrook Terrace, Illinois. The deal expands Consertus’ ability to support clients across the full capital project lifecycle—from pre-design and front-end planning through project completion—adding CCS expertise in owner’s representative services, program/project management, and cost advisory.
-
April 15, 2026
- Buyer
- H.I.G. Capital
- Target
- Inventus Power
- Seller
- KRG Capital Partners
- Industry
- Industrial Services
- Location
- Illinois, United States
- Type
- Buyout
H.I.G. Capital, through one of its affiliates, completed the acquisition of Inventus Power, a global provider of advanced lithium-ion battery and power systems. Inventus Power is headquartered in Woodridge, Illinois, and designs and manufactures customized battery solutions and power systems for OEMs serving military/aerospace, medical, industrial/fleet, and consumer end markets.
-
April 14, 2026
- Buyer
- Olympus Partners
- Target
- NTI Connect, LLC d/b/a Network Connex
- Seller
- ORIX Capital Partners, ORIX Corporation USA (ORIX USA) (via ORIX Capital Partners)
- Industry
- IT Services
- Location
- Illinois, United States
- Type
- Buyout
Olympus Partners signed a definitive agreement to acquire a majority ownership stake in NTI Connect, LLC d/b/a Network Connex from ORIX Capital Partners. Network Connex is a national provider of fiber installation and mission-critical digital infrastructure services for hyperscalers, cloud operators, and large enterprises supporting AI and next-generation data center buildouts.
-
- Buyer
- The Sterling Group, L.P., York Private Equity
- Target
- Healthcare Linen Services Group (HLSG)
- Seller
- York Capital Management's private equity arm (York Private Equity), York Capital Management's private equity group (York Private Equity)
- Industry
- Healthcare Services
- Location
- Illinois, United States
- Type
- Buyout
The Sterling Group, an operationally focused middle-market private equity firm, completed its acquisition of Healthcare Linen Services Group (HLSG) from York Capital Management’s private equity arm (York Private Equity). HLSG provides outsourced linen laundry and management services to healthcare institutions across the United States, operating 20–23 processing facilities in 13 states.
-
April 2, 2026
- Buyer
- FormativGroup
- Target
- Flok
- Industry
- IT Services
- Location
- Illinois, United States
- Type
- Addon
FormativGroup, backed by Rockbridge Growth Equity, acquired Flok, a Salesforce-focused consulting firm specializing in Service Cloud and Experience Cloud work. The acquisition is intended to deepen FormativGroup’s “Application Solutions” capabilities and expand its Salesforce advanced delivery expertise for customer support transformation and regulated-industry implementations.
-
March 5, 2026
- Buyer
- Riveron, Kohlberg, H.I.G. Capital
- Target
- Cuesta Partners
- Industry
- AI & Machine Learning
- Location
- Illinois, United States
- Type
- Growth capital
Riveron, a business advisory firm backed by Kohlberg, announced a strategic investment and growth partnership with Cuesta Partners. The deal combines Riveron’s finance and CFO-focused advisory capabilities with Cuesta’s AI and data technology services to deliver AI-native solutions to middle-market clients.
-
- Buyer
- Ares Management, Leonard Green & Partners, Vintage Strategies (Goldman Sachs Alternatives), Harvest Partners
- Target
- Convergint Technologies
- Industry
- IT Services
- Location
- Illinois, United States
- Type
- Recapitalization
Ares Management has closed an $850 million single-asset continuation vehicle for Convergint Technologies, extending its long-running investment in the global, technology-enabled security and safety solutions systems integrator. Leonard Green & Partners led and fully underwrote the Sage Fund continuation vehicle, while Ares also made a substantial new investment, maintaining shared control alongside existing co-sponsors.
-
March 2, 2026
- Buyer
- Procode Inc. (Procode AI), Story Ventures, CHAP Health Ventures, Progression Fund, Dmitry Shevelenko
- Target
- The Auctus Group
- Industry
- Healthcare Services
- Location
- Illinois, United States
- Type
- Addon
Procode Inc. launched Procode AI with $4 million in funding and acquired The Auctus Group, a U.S. medical biller serving plastic surgery and dermatology practices. Procode AI will apply its AI coding, claims, and AR/denials management tools to improve reimbursement outcomes for Auctus’ provider clients.
-
February 27, 2026
- Buyer
- Azuria Water Solutions, New Mountain Capital
- Target
- Waterline Renewal Technologies
- Seller
- Behrman Capital
- Industry
- Infrastructure
- Location
- Illinois, United States
- Type
- Buyout
Behrman Capital sold its portfolio company, Waterline Renewal Technologies, to Azuria Water Solutions, a New Mountain Capital portfolio company. Waterline provides engineered products for the trenchless rehabilitation of wastewater and stormwater infrastructure; financial terms were not disclosed.
-
February 26, 2026
- Buyer
- Proper
- Target
- Novo Properties, Alexander Properties Group (APG), FLATS, Guardian, CommonPlace, Drexel
- Industry
- Real Estate
- Location
- Illinois, United States
- Type
- Addon
Proper, a national acquisitions and property management platform, announced the successful acquisition of two additional operating companies—Novo Properties and Alexander Properties Group (APG)—bringing its total acquired portfolio to six companies. The combined acquisitions expand Proper’s property management footprint to nearly 20,000 units across 15 states.
-
February 24, 2026
- Buyer
- Velocity One
- Target
- Kaney Aerospace
- Industry
- Aerospace & Defense
- Location
- Illinois, United States
- Type
- Addon
Velocity One, an aerospace and defense platform backed by Charlesbank Capital Partners, acquired Kaney Aerospace. Kaney is headquartered in Rockford, Illinois and provides electromechanical actuation, motion control, and advanced power solutions for aerospace and medical applications, including system integration and certified repair station capabilities.
-
February 18, 2026
- Buyer
- BayPine LP
- Target
- Relation Insurance Services
- Seller
- Aquiline Capital Partners LP
- Industry
- Insurance
- Location
- Illinois, United States
- Type
- Buyout
BayPine LP has entered into a definitive agreement to acquire Relation Insurance Services, a large independent U.S. insurance broker. Relation management—including CEO Tim Hall—will continue to lead the company as BayPine aims to accelerate technology-enabled growth and apply AI and other digital tools.
-
February 18, 2026
- Buyer
- Flow Control Management
- Target
- Kingston Valve Co
- Seller
- Storm Manufacturing Group, Inc.
- Industry
- Industrial Services
- Location
- Illinois, United States
- Type
- Addon
Flow Control Management (FCM) has announced the acquisition of Kingston Valve Co, a division of Storm Manufacturing Group, Inc. The Kingston operations will be integrated into FCM's Aquatrol division in Elburn, Illinois, expanding FCM’s safety valve offerings.
-
February 16, 2026
- Buyer
- Greenbriar Equity Group, L.P.
- Target
- AIT Worldwide Logistics
- Seller
- The Jordan Company, L.P. (TJC) (continuing investor; mentioned as having invested over the prior five years)
- Industry
- Transportation
- Location
- Illinois, United States
- Type
- Growth capital
AIT Worldwide Logistics entered into a definitive agreement to partner with Greenbriar Equity Group, L.P. to support the global freight forwarder’s next chapter of growth. The transaction is expected to close before Q4 2026, subject to customary closing conditions and regulatory approvals.
-
February 13, 2026
- Buyer
- Investindustrial, Industrial F&B Investments III, Inc.
- Target
- TreeHouse Foods, Inc.
- Seller
- TreeHouse Foods shareholders of record as of the closing date
- Industry
- Food & Beverage
- Location
- Illinois, United States
- Type
- Buyout
Investindustrial completed its previously announced, all-cash take-private acquisition of TreeHouse Foods in a deal valued at $2.9 billion enterprise value, plus the value of contingent value rights tied to ongoing litigation. TreeHouse Foods shareholders of record at closing will receive $22.50 per share in cash and one non-transferable contingent value right per share, and TreeHouse Foods will no longer trade on the New York Stock Exchange.
-
February 12, 2026
- Buyer
- The State Group Industrial (USA) Limited, Apollo (funds managed by Apollo Global Management)
- Target
- Ruder Electric, Inc.
- Industry
- Industrial Services
- Location
- Illinois, United States
- Type
- Addon
The State Group, a portfolio company of funds managed by Apollo, has acquired Ruder Electric, a Kankakee, Illinois-based electrical contractor. The add-on expands The State Group's footprint into central and northern Illinois and brings Ruder Electric's electrical construction, maintenance, fire, security, communications, utility, and safety systems capabilities (including over 100 union electricians) into the platform.
-
February 12, 2026
- Buyer
- Goldman Sachs Alternatives, Ares Management Corp., Blue Owl Capital Inc., Antares Capital, Apollo Global Management Inc.
- Target
- Clearwater Analytics Holdings Inc.
- Industry
- Cloud & SaaS
- Location
- Illinois, United States
- Type
- Buyout
A group of private credit firms led by Goldman Sachs Alternatives is providing $3.5 billion in debt to support the buyout of Clearwater Analytics Holdings Inc. Ares Management, Blue Owl Capital, Antares Capital, and Apollo Global Management are also joining the lender group.
-
February 5, 2026
- Buyer
- 26North Partners LP
- Target
- Middleby's Residential Kitchen business, Composition Brands
- Seller
- The Middleby Corporation
- Industry
- Manufacturing
- Location
- Illinois, United States
- Type
- Buyout
26North Partners completed the acquisition of a controlling interest (51% stake) in The Middleby Corporation’s Residential Kitchen business. The business was rebranded as Composition Brands and will operate as an independent platform for premium and ultra-luxury residential kitchen and outdoor living brands, while Middleby retains a significant non-controlling 49% interest through a joint venture structure.
-
February 5, 2026
- Buyer
- Schneider Geospatial, LLC, Align Capital Partners
- Target
- Bruce Harris & Associates, Inc.
- Industry
- Government & Public Sector
- Location
- Illinois, United States
- Type
- Addon
Schneider Geospatial, an Align Capital Partners portfolio company, has acquired Bruce Harris & Associates (BHA), a Batavia, Illinois–based GIS consulting firm specializing in parcel mapping, geodatabase design and land records modernization. The add-on expands Schneider Geospatial’s services and delivery capacity for complex parcel and land-records programs for state and local governments.
-
February 4, 2026
- Buyer
- Salt Creek Capital
- Target
- Builders Cabinet, Inc.
- Seller
- Brian Benner
- Industry
- Building Products
- Location
- Illinois, United States
- Type
- Buyout
Salt Creek Capital, a San Francisco Bay Area private equity firm, has acquired Builders Cabinet, Inc., a Chicago-based designer, manufacturer and installer of premium and semi-custom cabinetry serving the greater Chicagoland market. Founder and president Brian Benner prepared for retirement as part of the transaction; VP Brian Benner (owner) will transition out and Ben VanDixhorn will continue as vice president to support growth under Salt Creek's ownership.
-
February 4, 2026
- Buyer
- Concentric Equity Partners
- Target
- Aleysian
- Industry
- IT Services
- Location
- Illinois, United States
- Type
- Buyout
Concentric Equity Partners, a Chicago-based private investment firm, has acquired Aleysian, a Salesforce implementation and advisory firm. As part of the transaction Aleysian named Jon Klinepeter as CEO and moved former CEO Dustin Ward into the COO role to support scaled delivery and accelerated investments in Salesforce capabilities.
-
February 1, 2026
- Buyer
- Colfax Creek Capital
- Target
- Performance Stamping
- Industry
- Industrial Services
- Location
- Illinois, United States
- Type
- Addon
Colfax Creek Capital acquired Performance Stamping, a Chicago-area precision metal stamping and fabricated components manufacturer based in Carpentersville, Illinois. Performance Stamping will operate alongside Dial Tool Industries and Traverse City Products as part of a growing platform under Addison Traverse Manufacturing.
-
- Buyer
- PRO-SET Formulated Resin Systems, LLC, Iron Path Capital
- Target
- Universal Chemicals and Coatings, Inc.
- Industry
- Manufacturing
- Location
- Illinois, United States
- Type
- Addon
PRO-SET Formulated Resin Systems, LLC (a holding of Iron Path Capital) has acquired Universal Chemicals and Coatings, Inc. (UNICHEM), a family-owned manufacturer of industrial coatings, laminating adhesives and container linings. The deal expands PRO-SET’s formulated coatings and laminating adhesive capabilities as an add-on to its growing resin systems platform; financial terms were not disclosed.
-
January 20, 2026
- Buyer
- Visterra Landscape Group, Trinity Hunt Partners
- Target
- Liberty Lawn & Landscaping
- Seller
- Christy Rohlf, Tray Rohlf, Christy and Tray Rohlf (Liberty Lawn & Landscaping owners)
- Industry
- Industrial Services
- Location
- Illinois, United States
- Type
- Addon
Visterra Landscape Group made a strategic investment in Liberty Lawn & Landscaping to expand its commercial landscaping operations in the Texas market, including the greater San Antonio and Austin corridor. The acquisition closed on December 1, 2025, and Liberty’s operations remain anchored in the I-35 corridor between Austin and San Antonio.
-
January 20, 2026
- Buyer
- Platinum Equity
- Target
- Czarnowski Collective
- Seller
- Mark Nagle and the Nagle family
- Industry
- Marketing & Advertising
- Location
- Illinois, United States
- Type
- Buyout
Platinum Equity has acquired Czarnowski Collective, a Chicago-based experiential marketing and event production firm, from CEO Mark Nagle and the Nagle family. The deal includes a leadership transition (Jim Milanowski to become CEO) and signals Platinum’s intent to invest in systems, expand footprint and pursue strategic add-ons while preserving the company’s culture.
-
January 20, 2026
- Buyer
- Arora Engineers, Jacmel Partners
- Target
- J.A. Watts, LLC (JWI)
- Industry
- Engineering Services
- Location
- Illinois, United States
- Type
- Addon
Arora Engineers, a portfolio company of Jacmel Partners, has acquired J.A. Watts, LLC (JWI), a Chicago-based construction, program and project management firm. The add-on strengthens Arora's capabilities in program and construction management—particularly in aviation and transportation—enabling integrated services across planning, design and construction execution.
-
January 20, 2026
- Buyer
- Alliance Fleet, Owner Resource Group LLC (ORG)
- Target
- Vital Truck & Van
- Industry
- Trucking & Fleet
- Location
- Illinois, United States
- Type
- Addon
Alliance Fleet, a portfolio company of Owner Resource Group (ORG), has acquired Vital Truck & Van, a light commercial vehicle upfitter headquartered in Batavia, Illinois, with additional locations in Colorado. Vital's founders will join Alliance Fleet's leadership team and retain an ownership stake as the combined company pursues a national dropship upfitting facility network to accelerate delivery and expand geographic coverage.
-
January 16, 2026
- Buyer
- Purpose Legal, Blue Sage Capital
- Target
- Hire Counsel
- Seller
- Long Point Capital
- Industry
- Legal Services
- Location
- Illinois, United States
- Type
- Addon
Purpose Legal has acquired Hire Counsel, a 30+-year managed review and flexible legal staffing provider, to create an integrated managed review, staffing and legal technology platform. The deal—supported by Purpose Legal’s majority investor Blue Sage Capital and with Hire Counsel previously held by Long Point Capital—combines Hire Counsel’s talent network and delivery capabilities with Purpose Legal’s eDiscovery, digital forensics and AI-enabled review services; financial terms were not disclosed.
-
January 8, 2026
- Buyer
- LindFast Solutions Group (LSG)
- Target
- AZ Wire & Cable
- Seller
- MFG Partners
- Industry
- Industrial Services
- Location
- Illinois, United States
- Type
- Addon
MFG Partners sold AZ Wire & Cable to LindFast Solutions Group (LSG), a Nautic Partners portfolio company. The transaction adds to LSG’s distribution and value-added services capabilities and is described as a successful outcome for both AZ and MFG, with financial terms undisclosed.
-
January 8, 2026
- Buyer
- Radial Equity Partners
- Target
- Cortina (Cortina Tool & Molding Co.)
- Seller
- Giannelli family (founding family / existing owners)
- Industry
- Manufacturing
- Location
- Illinois, United States
- Type
- Addon
Radial Equity Partners has acquired Cortina, a Franklin Park, Illinois-based manufacturer of traffic and work zone safety products, and will merge it with Radial’s 2024 portfolio company Plasticade. The Giannelli family will retain an ownership stake and Matt Soule has been named interim CEO of the combined business to accelerate growth and expand product and manufacturing capabilities.
-
January 8, 2026
- Buyer
- Calera Capital
- Target
- ReVamp Companies
- Seller
- Bertram Capital
- Industry
- Construction
- Location
- Illinois, United States
- Type
- Buyout
Calera Capital, a middle-market private equity firm, has acquired ReVamp Companies, a national provider of specialty floor and surface coatings, fencing, and decking replacement and installation services, from Bertram Capital. ReVamp is headquartered in Freeport, Illinois, operates 14 brands across more than 60 locations in nearly 20 states, and Calera said the investment will support platform expansion, innovation, and continued growth under founder Jeff Gear and the existing management team.
-
January 6, 2026
- Buyer
- SupplyOne, Inc.
- Target
- Wertheimer Box
- Industry
- Packaging
- Location
- Illinois, United States
- Type
- Addon
SupplyOne, a national value‑added packaging distributor, has acquired Wertheimer Box, a long-established corrugated packaging provider based in McCook, Illinois. The deal expands SupplyOne’s Midwest/Chicago footprint and strengthens its custom corrugated and e-commerce packaging capabilities.
-
December 26, 2025
- Buyer
- Crescendo Capital Partners, Construction Capital Group, Fidus Capital
- Target
- Peoria Industrial Piping Company (PIPCO)
- Seller
- Steve Cicciarelli, Scott Cicciarelli, Greg Cicciarelli, Karen Shadid, Cicciarelli Family
- Industry
- Construction
- Location
- Illinois, United States
- Type
- Buyout
Crescendo Capital Partners, together with operators from Construction Capital Group, has acquired Peoria Industrial Piping Company (PIPCO) and created a new holding company, Essential Facility & Infrastructure Services (EFI Services), with PIPCO as the first operating company. Fidus Capital provided term debt and an equity co-investment; the Cicciarelli family (sellers) retain equity and will remain in leadership roles as the sponsors build a regionally dominant MEP and fire protection platform in the Midwest.
-
December 17, 2025
- Buyer
- Court Square Capital Partners, Pamlico Capital
- Target
- AVANT
- Industry
- IT Services
- Location
- Illinois, United States
- Type
- Growth capital
AVANT, a Chicago-based technology services distributor and sales-enablement platform for Trusted Advisors, received a strategic growth investment from Court Square Capital Partners with a reinvestment from existing partner Pamlico Capital. The founders and executive leadership retain significant ownership and will continue to run the business as the new capital will be used to scale AVANT's platform, capabilities, and support continued growth initiatives.
-
December 16, 2025
- Buyer
- Bertram Capital
- Target
- Left Lane Auto, LLC
- Industry
- Automotive
- Location
- Illinois, United States
- Type
- Buyout
Bertram Capital has made an investment in Left Lane Auto, a Champaign, Illinois–headquartered tire retail and automotive-service platform operating more than 75 locations across 18 states. Terms were not disclosed; Bertram will partner with Left Lane’s management to accelerate growth, invest in technology through Bertram Labs, and support continued acquisitions to build a national platform.
-
December 16, 2025
- Buyer
- The Vomela Companies, The Riverside Company
- Target
- Moss Inc.
- Seller
- EagleTree Capital
- Industry
- Marketing & Advertising
- Location
- Illinois, United States
- Type
- Addon
The Riverside Company-backed Vomela acquired Moss Inc., a global producer of premium event and retail graphics and complex structures, from investment funds managed by EagleTree Capital. The transaction merges Vomela’s Fusion events unit into Moss (to operate as Moss, A Vomela Company), expanding Vomela’s European footprint and creating a larger global experiential events production platform.
-
December 12, 2025
- Buyer
- Equity Group Investments
- Target
- CIT Trucks
- Industry
- Trucking & Fleet
- Location
- Illinois, United States
- Type
- Buyout
Equity Group Investments (EGI) has made an investment in CIT Trucks, a commercial truck dealer headquartered in Normal, Illinois. EGI will partner with CIT's senior management (who retain an ownership stake) to support growth and expansion across the Midwest as the current CEO retires and the president assumes the CEO role.
-
December 12, 2025
- Buyer
- Union Park Capital
- Target
- GAM Enterprises
- Seller
- Gary Michalek (founder)
- Industry
- Manufacturing
- Location
- Illinois, United States
- Type
- Buyout
Boston-based private equity firm Union Park Capital has acquired GAM Enterprises, a Mount Prospect, Illinois manufacturer of precision gear reducers, couplings, and custom motion control solutions. The deal establishes GAM as the platform for Union Park’s new precision motion control strategy to accelerate growth, expand capabilities, and pursue strategic add-on acquisitions; terms were not disclosed.
-
- Buyer
- Advent International, Corvex Private Equity, Salem Capital Management, Mousse Partners, TF Cornerstone, HighSage Ventures, Barcliff Partners
- Target
- Heidrick & Struggles International, Inc.
- Industry
- Professional Services
- Location
- Illinois, United States
- Type
- Buyout
Heidrick & Struggles International has completed its previously announced take-private transaction valued at approximately $1.3 billion. A consortium led by Advent International and Corvex Private Equity, supported by strategic investors and Heidrick leaders/family offices, acquired all outstanding shares, and Heidrick ceased trading on Nasdaq.
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