Private Equity-Backed Acquisitions in North Carolina

Net at Work acquired Durham, North Carolina-based managed services provider OnPar Technologies to expand its national managed services footprint and deepen industry-focused offerings. OnPar—serving clients across 35 states with more than two decades of experience—will be integrated into Net at Work's platform, providing clients access to broader resources while preserving service continuity.

Liberty Waste Solutions, a North Carolina waste and recycling provider backed by Allied Industrial Partners, has acquired AJ Disposal, a residential and commercial front-load operator based in Asheboro, North Carolina. The add-on expands Liberty's footprint in the Asheboro and greater Greensboro markets; financial terms were not disclosed.

Artisan Custom Closets, part of the Artisan Family of Brands, has acquired Queen City Closets, a Charlotte-based provider of custom storage systems. The deal gives Artisan an entry into the Charlotte market and expands the platform's footprint and operational capabilities across the Southeast.

SilverAssist, a senior assistance network backed by Growth Catalyst Partners, has acquired Caring, LLC (Caring.com) to expand its national senior housing referral and advisory platform. Stellus Capital Management provided unitranche financing and an equity co-investment to support the transaction, which joins Caring.com's digital reach with SilverAssist's local advisor network and financial-navigation services to accelerate operator connectivity and improve referral quality.

Crestview Partners has acquired Tailwind Hospitality, an airport concessions operator, from Palladin Consumer Retail Partners. Crestview is investing alongside AltitudeX Aviation Group and members of Tailwind’s management; Tailwind will remain led by CEO Jeff Switzer and will pursue further organic and acquisition-driven expansion across U.S. airports.

Virtual Technologies Group (VTG), a Maumee, Ohio–based IT, security and cloud services provider backed by Jacmel Partners, has acquired Whitlock Infrastructure Solutions, a Durham, North Carolina software reseller and IT operations management services firm. The deal, supported with financing arranged by Brightwood Capital Advisors, strengthens VTG's IT operations management, managed services and federal services capabilities as an add-on to its platform.

Nexterra Environmental has acquired GETSCO, Inc., a Middlesex, North Carolina-based provider of erosion and sediment control products and services. GETSCO will continue to operate under its existing name while gaining access to Nexterra's broader product depth, technical resources and national platform as part of Nexterra's multi-regional expansion strategy.

Argano has acquired Advantco International, a provider of enterprise integration software and services, from Montage Partners. The acquisition (closed December 2025) expands Argano's Data & Integration practice and AI-driven integration capabilities by adding Advantco's SAP/Oracle adapters and integration IP.

Atlantis Fire Protection, a PE-backed fire protection platform, acquired Armor Fire Services of Mount Holly, North Carolina and will retain the Armor brand with founder Mike Jaggers and Kimberly Jaggers continuing to operate the business. The deal expands Atlantis Fire Protection’s fire and life-safety services footprint in North Carolina and strengthens its roster of regional owner-operators supported by financial backers Lynch Holdings and Capital Alignment Partners.

Sigma Companies International Corp. (SIGMA), a Wind Point Partners portfolio company, has acquired Masonry Supply, Inc. (MSI), a Selma, North Carolina-based manufacturer of municipal waterworks castings and polymer enclosures. The deal expands SIGMA’s waterworks product portfolio and Southeast U.S. fulfillment capabilities, with MSI leadership (Jacob Nash) remaining in commercial leadership.

Broadtree Partners, a Charlotte-based private equity firm, has acquired ACME Plumbing Company, a fourth-generation commercial and residential plumbing services business headquartered in Durham, North Carolina. ACME will serve as Broadtree's platform for its mechanical, electrical, and plumbing (MEP) services strategy while founder Larry Tilley stays on in an advisory capacity.

TPG Real Estate has acquired a majority interest in Quarterra, recapitalizing the multifamily platform while Lennar Corporation retains a minority stake and will continue to provide synergies. The partnership includes a $1 billion strategic commitment from TPG to support Quarterra’s growth and the development of its pipeline of attainable multifamily rental housing across the United States.

Audax Strategic Capital made a structured, non-control equity investment in Strickland Brothers, the Princeton Equity Group-backed quick-lube and automotive maintenance platform, to fund M&A activity and support national expansion. The financing (part of a broader $360 million committed financing led by Golub Capital) closed in early January 2026; financial terms were not disclosed.

Lindsay Goldberg has completed the sale of its interest in Pike Corporation following a 25-year partnership. The transaction transfers a majority stake to TPG and Caisse de dépôt et placement du Québec (La Caisse), alongside Pike management, positioning Pike for accelerated growth in U.S. electric-grid, renewables and telecom infrastructure services.

Parella Motorsports Holdings (the owner/operator of SpeedTour) has acquired Racing America, a digital-first motorsports media and streaming platform. The deal, completed under the ownership of Velocity Capital Management (with support from the Texas Permanent School Fund), combines live-event promotion with Racing America's digital production and streaming capabilities to create an integrated grassroots motorsports media and events platform headquartered in North Carolina.

Kingswood Capital Management, LP has acquired Daramic, a global manufacturer of polyethylene and phenolic resin-based lead battery separators, from Asahi Kasei. The deal is a corporate carveout intended to support Daramic's next phase of growth and strengthen Kingswood's presence in the automotive aftermarket; Chad Schuchmann will become Daramic's CEO.

Torque Capital Group has acquired Joe Gibbs Manufacturing Solutions from Joe Gibbs Racing and rebranded the business as JGA Space & Defense. The company will focus on supplying advanced specialty composites, precision-machined aerospace and defense components, and rocket propulsion assemblies, and will expand into a ~60,000 sq. ft. facility in Huntersville, North Carolina to support growth into the space and defense supply chain.

Patient Square Capital, a healthcare-focused investment firm, has completed its $2.6 billion acquisition of Premier, Inc. Under the deal, Premier will be taken private, delisted from Nasdaq, and Premier stockholders will receive $28.25 per share in cash. The transaction positions Patient Square to grow Premier's technology-driven data, analytics, supply chain and consulting offerings.

Patient Square Capital, a healthcare-focused private equity firm, is acquiring Premier, Inc. in a take-private transaction approved by Premier stockholders. Under the deal Premier stockholders will receive $28.25 per share (a ~23.8% premium) and the transaction — valued at roughly $2.6 billion — was expected to close on or about November 25, 2025.

ARC Health Partners has acquired Clarity Counseling Center, an outpatient therapy practice based in Wilmington, North Carolina, expanding ARC's presence in the state. Clarity, founded in 2015 by Karin Kassab, offers in-person and telehealth mental health services; the deal adds to ARC's growing platform (backed by Thurston Group) of partner practices nationwide.

King Risk Partners has acquired Stuart Surles Insurance, an independent agency based in Angier, North Carolina, expanding King Risk's footprint in the state. The acquisition strengthens King Risk's farm and crop insurance capabilities while preserving Stuart Surles Insurance's local, relationship-driven service model.

Landscape Workshop, a commercial landscape maintenance platform backed by Ares Management Corporation, has acquired Live Oak Landscape, LLC to expand its Charlotte, North Carolina presence. Live Oak owner Matt Kaylor and all Live Oak employees will join Landscape Workshop as part of the add-on acquisition, supporting LW's broader expansion across the Southeastern U.S.

Align Capital Partners (ACP) completed a growth capital investment in Advantage Investigations, a national insurance investigative services platform, with CEO Shelly Kummings remaining in place. The partnership will support Advantage's national expansion, technology and AI investments, and continued M&A activity to expand its insurance services offerings.

An Imaginuity subsidiary has acquired the Adwerx digital advertising automation platform and supporting team (≈40 employees) from Adwerx. The platform — used by more than 12,000 users across real estate, mortgage and distributed organizations — will be integrated with Imaginuity’s Pylot CMS and AdScience performance intelligence engine to expand product-led growth and always-on, personalized ad automation for franchise and multi-location clients.

JoyBridge Kids has acquired Pediatric Advanced Therapy, a North Carolina-based provider of pediatric speech, occupational, physical therapy and counseling, to expand multidisciplinary care across the Southeastern United States. The deal strengthens JoyBridge’s integrated ABA and supportive-therapy platform; Frontline Healthcare Partners, which holds an ownership stake in JoyBridge Kids, commented on the strategic fit.

Platinum Equity has completed the acquisition of PlayPower, a designers and manufacturer of recreational and outdoor living systems, from Littlejohn & Co. PlayPower is headquartered in Huntersville, North Carolina and operates manufacturing and distribution networks across North America and Europe; financial terms were not disclosed. Platinum Equity intends to support PlayPower's organic growth and pursue complementary acquisitions to expand the company's family of brands.

CSI (Computer Services Inc.) has completed the acquisition of Apiture, an API-first digital banking platform for U.S. banks and credit unions. The deal integrates Apiture’s digital banking, account opening and fintech integrations into CSI’s core banking, customer engagement and lending suite to expand CSI’s digital banking capabilities and accelerate innovation for community and regional financial institutions.

PremiStar announced that Smith's Refrigeration, a full-service mechanical contractor based in Lumberton, North Carolina, has joined the PremiStar family of companies. The acquisition expands PremiStar’s HVAC, refrigeration and mechanical capabilities in North Carolina and South Carolina and strengthens its service coverage across healthcare, senior living, education, manufacturing and government end markets.

TPG acquired a majority interest in AvidXchange in a take-private transaction valued at approximately $2.2 billion, with Corpay purchasing a 34% minority stake for about $550 million. The deal will make AvidXchange a private company as TPG leads efforts to accelerate growth while Corpay partners strategically to expand payments and AP automation capabilities.

MB2 Dental, a Dallas-based dental partnership organization and portfolio company of Charlesbank Capital Partners and Warburg Pincus, has partnered with A Beautiful Smile, a family dental practice led by Dr. Gina Mancini in Jacksonville, North Carolina. The transaction brings the single-location practice into MB2 Dental’s platform as an add-on to expand its network and local patient services.

Marlin Equity Partners completed a growth investment in Intelligent Locations, a Raleigh-based provider of AI-powered real-time location system (RTLS) software for healthcare organizations. The funding will support further development of Intelligent Locations' INTRAX platform; First Analysis also participated while founder Bogdan Nedelcu and HealthX Ventures will retain significant stakes.

Cordance has acquired AppsAnywhere, a provider of application delivery and IT management software for higher education, to deepen its education technology portfolio and align the product with existing Cordance holdings. The deal pairs AppsAnywhere’s student-centric application delivery platform with LabStats’ analytics to expand capabilities for universities and improve IT efficiency and student experiences.

Alpine Intel, a Charlotte-based provider of forensic investigation and insurance intelligence services, has acquired HMI, a Cary, North Carolina–based provider of national outdoor property claims support. The acquisition expands Alpine Intel’s capabilities to include tree and landscape loss services—such as emergency tree removal, estimate reviews, and replacement/repair cost estimates—strengthening its data-driven offerings for insurance carriers.

Clearspan, a Plano-based provider of cloud unified communications solutions, has acquired AveriStar, a Charlotte-based specialist in cloud-based UC engineering and hosted Cisco/BroadSoft platforms, in a private transaction. The deal expands Clearspan's scale and capabilities in the U.S. service provider, large enterprise and SLED/Federal markets; Q Advisors acted as exclusive financial advisor to AveriStar.

Hatcher Landscape Partners (HLP), a newly formed commercial landscape platform backed by Walnut Grove Capital Partners, has acquired GreenView Partners, a Raleigh-based commercial landscape services firm. The deal brings GreenView into HLP alongside Michael Hatcher & Associates to expand service capabilities and geographic reach across the Southeastern United States.

Main Street Capital Corporation invested $14.0 million in a minority recapitalization of The Financial Risk Group, LLC (FRG), funding the transaction with a combination of first lien senior secured term debt and a direct equity investment. FRG, headquartered in Cary, North Carolina, is a technology-enabled risk management firm that provides risk analytics, data management consulting, software implementation and cloud-based hosting services to financial institutions, insurers and other commercial customers.

DelCam Capital has acquired Gaston Electronics and will integrate the company into its Space Age Electronics platform. The acquisition adds UL 508A industrial control panel design and vertically integrated electronics manufacturing capabilities (box builds, prefabrication) to Space Age, expanding its HVAC, fire/life-safety, medical device and government end-market capabilities and geographic footprint.

Eyas Capital has acquired BOJ of WNC LLC, the largest Bojangles franchisee group led by Jeff Rigsby, in a deal that includes a portfolio of 120 locations across six states. Eyas plans to expand the Bojangles footprint in the Cincinnati and Columbus markets and integrate the brand into its hospitality investment portfolio.

Kinderhook Industries has acquired Advanced Digital Cable Inc., a U.S. manufacturer of low-voltage copper wire and cable solutions founded by the Payne family in 1997. Kinderhook will position ADC as a platform for growth, recruiting industry executive Kurt Breischaft as CEO and providing financing support from Eldridge, Twin Brook Capital Partners, and MUFG.

Centre Partners and Baldwin Creek Partners formed TruTemp Holdings, LLC and acquired Maynor Service Company to create a field-services platform focused on HVAC, plumbing and electrical services in the U.S. Southeast. Maynor’s president Brett Chappell invested alongside the firms and will lead TruTemp as the platform pursues a buy-and-build consolidation strategy across the region.

BharCap Partners made a strategic recapitalization investment in GCG Advisory Partners, the parent of GCG Wealth Management, with GCG management rolling over significant equity. The transaction provides capital to accelerate GCG's M&A-driven acquisition strategy and Monetize & Scale platform; prior investor LNC Partners exited its investment.

Tsunami Express Car Wash has closed the acquisition of 53 Take 5 Car Wash locations from Whistle Express Car Wash, expanding Tsunami’s operations to 74 locations across nine states and tripling its Midwest footprint. The acquired sites will be rebranded and upgraded to Tsunami’s CleanTech experience; Tsunami is backed by an affiliate of Point72 Private Investments and Whistle Express served as the seller in the divestiture.

Ridgeline Roofing & Restoration, a Bertram Capital portfolio company, has acquired Kenneth Daniel Roofing, a residential roofing contractor based in Littleton, North Carolina. The add-on deal (terms undisclosed) expands Ridgeline's presence in North Carolina and the neighboring southern Virginia market and is intended to accelerate growth for the platform.

Continuim Equity Partners, a Pittsburgh-based private equity firm, has acquired NC Filtration, a Belmont, North Carolina manufacturer of consumable air filtration products and negative air units. The deal serves as Continuim’s second platform investment in CEP Fund II and the initial investment within its Air Filtration investment thesis; Continuim will partner with the founding Kershaw family and install industry veteran Phil Whitaker as CEO to accelerate growth and pursue a nationwide platform strategy.

STG (Symphony Technology Group) has completed the acquisition of Yodlee, Inc., the open finance data aggregation and analytics business, from Envestnet, Inc.; the deal was announced June 25 and closed on September 2, 2025. STG intends to operate Yodlee as an independent, growth-focused business to accelerate open finance innovation and product development, while Envestnet said the sale sharpens its focus on its core Adaptive WealthTech platform.

Danforth Advisors, a PE-backed life sciences advisory platform, has acquired PharmaDirections, a virtual drug development partner. The acquisition adds more than 150 specialists and expands Danforth's integrated capabilities across discovery, non-clinical and clinical development, CMC, regulatory strategy, and program and alliance management.

restor3d, a Durham-based maker of AI-driven, 3D-printed personalized orthopedic implants and digital surgical planning tools, raised $104 million in a strategic investment round. Partners Group acquired a significant minority stake (providing $65 million) to support product innovation, commercial expansion, and broader market access, with $39 million contributed by existing shareholders.

SuperHero Fire Protection, a portfolio company of Hidden Harbor Capital Partners, has acquired Strategic Connections, a Raleigh-based provider of fire protection and low-voltage systems. The add-on strengthens SuperHero's presence in North and South Carolina, expands recurring service and inspection revenue, and broadens low-voltage capabilities while Strategic Connections' founder remains an active owner.

Accel-KKR has closed AKKR Isosceles CV LP, a $1.9 billion single-asset continuation fund to extend its partnership with isolved, providing liquidity to existing investors and committing $350 million of new capital to isolved's growth and acquisitions. Lead investor Goldman Sachs Alternatives' Secondaries team and other institutional participants joined the fund; Accel-KKR employees are now the largest investor group.

CCMP Growth Advisors has acquired Airo Mechanical, a Mooresville, North Carolina-based provider of HVAC and plumbing installation services, from an investor group led by Thomas Investments and Stephens Capital Partners. Management (CEO Matt Baude and CFO Angelia Ryan) will remain significant shareholders and Pete Papagiannis will join the board to advise on growth initiatives as CCMP Growth helps expand Airo's capabilities and geographic footprint across the Southeast.