Private Equity-Backed Acquisitions in North Carolina

Tracked deals

706

706 tracked deals across 2002-2026.

Buyer mix

Mixed buyer set

683 pe · 382 strategic

Top trend

Volume peaked in 2021

111 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 North Carolina →
Buyer # Deals Focus Type
NMS Capital 8 Private investment firm focusing on strategic equity inve... PE
GTCR 6 Chicago-based private equity firm focused on building mar... PE
Genstar Capital 6 Private equity firm focused on investments in healthcare,... PE
H.I.G. Capital 6 Global alternative investment firm providing equity and d... PE
Allied Industrial Partners 5 Lower-middle market private equity firm investing in indu... PE
TA Associates 5 Global private equity firm focused on scaling growth in p... PE
Wind Point Partners 5 Middle-market private equity firm focused on buyouts and ... PE
Arsenal Capital Partners 4 Middle‑market private equity firm focused on building tec... PE
Capitala Group 4 Private markets investment firm providing private credit ... PE
Carousel Capital 4 Private equity investment firm focused on investing in gr... PE

Acquisition Volume in Private Equity-Backed in North Carolina by Year

Last 10 years

Acquisition volume by year Annual acquisition counts for the last 10 years for Private Equity-Backed Acquisitions in North Carolina. 1 2017 6 2018 57 2019 75 2020 111 2021 107 2022 83 2023 90 2024 110 2025 ~71 est. 57 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

  • Buyer
    Q360 Group, Valedor Partners
    Target
    The Flexo Factor
    Seller
    Steven Wilkinson
    Type
    Addon

    Q360 Group acquired The Flexo Factor, a Monroe, North Carolina-based supplier of flexographic cleaning products, pressroom equipment, training and consulting. The acquisition expands Q360’s consumables offering and deepens its recurring customer relationships; Q360 was formed in partnership with Valedor Partners, with support from Align Collaborate.

  • Buyer
    Avanza + MedHQ
    Target
    Fulcrum Strategies
    Industry
    Consulting
    Type
    Addon

    Avanza + MedHQ acquired Fulcrum Strategies, a healthcare consulting firm specializing in payer contract negotiation for physician practices, hospitals, and health systems. The acquisition adds dedicated payer contracting capabilities to Avanza + MedHQ’s services for ambulatory healthcare organizations; Fulcrum founder Ron Howrigon will lead the new Payer Relations and Contracting service line.

  • Buyer
    Petauri
    Target
    Franklin Pharmaceutical Consulting
    Industry
    Consulting
    Type
    Addon

    Petauri acquired Franklin Pharmaceutical Consulting (FPC), adding its health economics and outcomes research, real-world evidence, and market access capabilities to Petauri Evidence. FPC founder Meg Franklin will serve as President of Petauri Evidence US, and the combined platform aims to connect evidence planning and generation with value communication and commercialization.

  • Buyer
    Sheridan Capital Partners
    Target
    PtEverywhere
    Industry
    Software
    Type
    Buyout

    Sheridan Capital Partners completed an investment in PtEverywhere, a practice management and integrated payments software platform serving outpatient physical therapy and rehabilitation providers. The terms were not disclosed, and CEO Andrew Shofner will continue to lead the company as it pursues growth and potential add-on acquisitions.

  • Buyer
    C.H. Guenther & Son LLC
    Target
    House-Autry Mills, Inc.
    Industry
    Food & Beverage
    Type
    Addon

    C.H. Guenther & Son acquired House-Autry Mills, a North Carolina manufacturer of branded and custom dry mixes, breaders, batters and related products. The acquisition adds dry-mix and custom-formulation capabilities to C.H. Guenther’s food manufacturing portfolio and extends its reach in foodservice, retail and private-label markets.

  • Buyer
    Eagle Leasing Company, Rent-A-Container Network
    Target
    GoldStar Storage Container & Trailer Rentals
    Seller
    Leigh Ann Burdick, Patricia Burdick
    Industry
    Transportation
    Type
    Addon

    Eagle Leasing Company acquired GoldStar Storage Container & Trailer Rentals to expand Eagle Leasing’s southeastern North Carolina presence. The deal adds another Wilmington-area location and additional resources to Eagle Leasing’s existing Charlotte and Raleigh operations; financial terms were not disclosed.

  • Buyer
    Endpoint Clinical L.P., Arsenal Capital Partners
    Target
    Bluefin
    Type
    Buyout

    Endpoint Clinical L.P., a portfolio company of Arsenal Capital Partners, acquired Bluefin, a Boston-based provider of clinical supply forecasting and planning technology. The deal is designed to expand Endpoint into clinical supply planning while keeping Bluefin independent and RTSM-agnostic, operating its forecasting and planning mission.

  • Buyer
    Macquarie Asset Management, UniSuper
    Target
    SI Solutions
    Seller
    MidOcean Partners
    Type
    Buyout

    Macquarie Asset Management and co-investors including UniSuper entered into an agreement to acquire a majority stake in SI Solutions from MidOcean Partners. The transaction is expected to close in Fall 2026, subject to regulatory approvals and customary closing conditions.

  • Buyer
    Inceptua Group, Vesey Street Capital Partners
    Target
    SupplyRx, Inc.
    Type
    Buyout

    Inceptua Group, backed by Vesey Street Capital Partners, announced it has acquired SupplyRx, a U.S.-based technology-driven provider of cloud-based digital solutions for clinical trial pharmacy programs in the U.S. and Canada. The acquisition is intended to strengthen Inceptua’s pharmacy model by adding SupplyRx’s portal technology, networks, and processes to improve the clinical supply chain and patient access.

  • Buyer
    The Edgewater Funds, Barings
    Target
    Parker Manufacturing Group
    Type
    Buyout

    Barings provided lead-agent senior secured credit facilities to support The Edgewater Funds’ acquisition of Parker Manufacturing Group. Parker manufactures highly engineered precision fasteners for aerospace and defense, semiconductor capital equipment, and general industrial end markets.

  • Buyer
    Blackstone, KKR & Co.
    Target
    Affordable Care, LLC
    Seller
    Harvest Partners, Berkshire Partners

    Affordable Care, LLC, a national dental support organization (DSO), completed a sweeping debt restructuring that removes more than $1 billion of debt and injects $75 million in fresh capital. Under the terms, the former private equity sponsors are wiped out and the reorganized company is owned by its direct lenders, including Blackstone and KKR & Co.

  • Buyer
    Mosaic Capital Partners, LLC, Southern Shade Tree Co., Inc.
    Target
    Atlantic Coast Landscaping Services, LLC
    Type
    Addon

    Simultaneously with its investment in Southern Shade Tree, Mosaic and SST completed the acquisition of Atlantic Coast Landscaping Services, LLC, an eastern North Carolina landscaping operation. Atlantic Coast’s leaders remain in their roles and the employees are made eligible to participate in the new Employee Ownership Trust.

  • Buyer
    Sheridan Capital Partners
    Target
    Carolina Components Group
    Seller
    John Cooling (retains an equity interest; founder is implied as continuing owner/board member)
    Type
    Buyout

    Sheridan Capital Partners has completed its investment in Carolina Components Group (CCG), a Durham, North Carolina-based provider of custom-engineered bioprocessing assemblies and ultra-pure components used in biopharmaceutical manufacturing. Concurrent with the investment, CCG named Maurice Phelan as its new CEO, while founder John Cooling joined the board and retains an equity interest.

  • Buyer
    Eaton Fiber
    Target
    Ripple Fiber
    Seller
    Platform Investment Partners, KLT
    Type
    Buyout

    Eaton Fiber entered into a definitive agreement to acquire Ripple Fiber, a fiber-optic internet provider and network operator headquartered in Charlotte, North Carolina. The acquisition, funded by the announced $1.5 billion investment in Eaton Fiber, was completed on October 13, 2026.

  • Buyer
    Quad-C Management, Inc.
    Target
    Armstrong Transport Group

    Quad-C Management, Inc. announced an investment in Armstrong Transport Group, a logistics platform providing truckload, LTL, and cross-border brokerage through an independent agent network across the United States, Canada, and Mexico. Terms were not disclosed, and Armstrong’s executive management team will remain in place with significant ownership to reinvest and accelerate growth, including via strategic acquisitions.

  • Buyer
    Altaris, LLC
    Target
    Simulations Plus, Inc.
    Industry
    Software
    Type
    Addon

    Altaris acquired Simulations Plus in an all-cash transaction valued at approximately $375 million, with shareholders receiving $18.50 per share. The acquisition was completed on October 6, 2026, and Simulations Plus is being combined with Altaris portfolio company Chemical Computing Group to broaden the combined drug discovery, modeling, and simulation software platform.

  • Buyer
    Liberty Waste Solutions, Allied Industrial Partners
    Target
    Bill's Trash Services
    Type
    Addon

    Liberty Waste Solutions, backed by Allied Industrial Partners, acquired Bill's Trash Services, a residential waste collector serving the greater Fayetteville market and Harnett County, North Carolina. The deal is expected to increase Liberty’s residential route density in Harnett County and extend its reach into the surrounding Fayetteville market; financial terms were not disclosed.

  • Buyer
    SPATCO Energy Solutions
    Target
    Discovery Tank Testing Inc., Tank Wizards Inc.
    Type
    Addon

    Kian Capital-backed SPATCO Energy Solutions completed the acquisitions of Discovery Tank Testing Inc. and Tank Wizards Inc., expanding SPATCO’s environmental compliance/testing and tank-cleaning capabilities in Florida. SPATCO said the deals are part of the platform’s ongoing growth strategy following its 2024 single-asset continuation fund closing.

  • Buyer
    Liberty Waste Solutions, Allied Industrial Partners
    Target
    M&M Garbage Disposal
    Type
    Addon

    Liberty Waste Solutions, backed by Allied Industrial Partners, has acquired M&M Garbage Disposal, a subscription-based residential waste collector headquartered in Asheboro, North Carolina. The deal strengthens Liberty’s residential route density in North Carolina’s Triad market, with M&M’s service area overlapping Liberty’s existing footprint to enable route absorption without incremental capital expenditures.

  • Buyer
    Soleo Health
    Target
    Realo Specialty Care Pharmacy, BluHaven Management
    Seller
    Realo Drugs
    Type
    Buyout

    Soleo Health acquired Realo Specialty Care Pharmacy and BluHaven Management from parent company Realo Drugs. The deal expands Soleo Health’s presence in the Mid-Atlantic region, adding a specialty pharmacy in Morrisville, North Carolina and an ambulatory infusion center in Raleigh, North Carolina.

  • Buyer
    Talica
    Target
    Sieber Industrial
    Type
    Addon

    Talica announced the acquisition of Sieber Industrial, an Ayden, North Carolina provider of specialty high-purity fabrication, ASME code repairs, surface treatments, and field services for regulated markets. Sieber will continue to operate under its established name and leadership while gaining access to Talica’s platform resources to expand high-purity fabrication and support capabilities, including data center cooling system-related work.

  • Buyer
    Party Reflections
    Target
    Creative Solutions Special Events
    Industry
    Transportation
    Type
    Addon

    Dynamic Core Capital Partners’ portfolio company, Party Reflections, completed the acquisition of Creative Solutions Special Events, a full-service event rental company headquartered in Belmont, North Carolina. The deal is Party Reflections’ first add-on transaction and expands its footprint in the greater Charlotte market and across the Carolinas and Southeast.

  • Buyer
    Osaic, Inc., Reverence Capital Partners
    Target
    Du Lac Wealth Services
    Seller
    LPL Financial
    Type
    Addon

    Osaic, a wealth management platform backed by Reverence Capital Partners, announced that Du Lac Wealth Services has joined the firm after transitioning from LPL Financial. The Cary, North Carolina-based advisory team brings approximately $200 million in client assets and will continue serving clients under Osaic’s resources and acquisition-focused platform.

  • Buyer
    JoyBridge Kids
    Target
    Two North Carolina autism clinics formerly operated by A Bridge To Achievement (Charlotte and Winston-Salem locations), A Bridge To Achievement
    Seller
    A Bridge To Achievement
    Type
    Addon

    JoyBridge Kids acquired two large autism clinics formerly operated by A Bridge to Achievement in Charlotte and Winston-Salem, North Carolina. The acquisitions support JoyBridge’s first adult service line, launching an Adult Daily Living (ADL) program within the acquired clinic sites. Deal terms were not disclosed, and the companies have not issued a joint press release as of publication.

  • Buyer
    Liberty Waste Solutions, Allied Industrial Partners
    Target
    Randolph County Garbage Services
    Type
    Addon

    Liberty Waste Solutions, backed by Allied Industrial Partners, acquired Randolph County Garbage Services, a residential subscription waste collection operation in Asheboro, North Carolina. The acquisition expands Liberty’s presence in the North Carolina Piedmont Triad/Greensboro region and builds on its prior AJ Disposal acquisition, increasing residential route density.

  • Buyer
    KKR, Neuberger Private Markets
    Target
    Flow Control Group
    Type
    Addon

    Flow Control Group, a technical flow control and industrial automation distributor, will be jointly acquired by KKR and Neuberger Private Markets. KKR will retain majority ownership while Neuberger will hold a significant minority interest, and the transaction is expected to close in Q2 2026.

  • Buyer
    Founders Home Service Group
    Target
    AAA City Plumbing, Inc.
    Seller
    Dean Inkelaar
    Type
    Buyout

    AAA City Plumbing, a long-established plumbing company serving Rock Hill, South Carolina and the Charlotte, North Carolina area, has been acquired by Founders Home Service Group. The deal, facilitated by Viking Mergers & Acquisitions, supports continuity for employees and customers while enabling Founders to grow its home-services portfolio.

  • Buyer
    Falfurrias Management Partners
    Target
    Young American Food Brands
    Seller
    Young family
    Industry
    Food & Beverage
    Type
    Buyout

    Falfurrias Management Partners acquired Young American Food Brands (formerly known as Miami Beef) in a deal announced in April/May 2026 with terms undisclosed. Young American is a family-founded packaged foods/protein platform with multiple brands and distribution across more than 3,200 retail doors in the Southeast, and it will expand further into premium protein offerings such as organic, grass-fed, and Wagyu beef.

  • Buyer
    Fusion Capital Partners
    Target
    AQUALIS
    Seller
    DFW Capital Partners
    Type
    Buyout

    Fusion Capital Partners has acquired AQUALIS, a provider of stormwater and wastewater management, engineering, and compliance services, from DFW Capital Partners. Financial terms were not disclosed. The transaction is described as Fusion’s first platform acquisition of 2026 and its fourth platform investment overall.

  • Buyer
    Hg, AllianceBernstein
    Target
    Teamworks

    Teamworks, the operating system for elite sports, announced a growth investment led by Hg that more than doubles Hg’s total investment in the company to $200 million. The round, which also includes participation from AllianceBernstein, pushes Teamworks’ valuation to above $1.5 billion and is aimed at accelerating AI and data infrastructure and further sports-tech acquisitions.

  • Buyer
    Vortex Companies
    Target
    Mainlining America LLC
    Seller
    Emil Solimine (former Owner and CEO of Mainlining America LLC)
    Type
    Buyout

    Vortex Companies acquired Mainlining America LLC, a provider of water-main rehabilitation and replacement services. The deal expands Vortex Water’s East Coast operational capacity and strengthens its ability to deliver turnkey, end-to-end potable water solutions across the United States.

  • Buyer
    Bound for Adventure, Station Partners
    Target
    Hawksnest Outdoor Destination, Hawksnest Adventures
    Industry
    Transportation
    Type
    Addon

    Bound for Adventure, backed by Station Partners, has completed the acquisition of Hawksnest, a year-round outdoor adventure destination in the Blue Ridge Mountains of Seven Devils, North Carolina. Hawksnest is known for zip line courses and snow tubing, and the deal expands Bound for Adventure’s East Coast adventure portfolio with an additional year-round attraction.

  • Buyer
    BridgePeak Energy Capital
    Target
    ACT Power Services
    Industry
    Energy
    Type
    Buyout

    ACT Power Services, a solar and battery energy storage operations and maintenance (O&M) provider, was acquired by a group of strategic investors led by BridgePeak Energy Capital. The transaction was completed via a Chapter 11 bankruptcy acquisition, with closing finalized on January 31, 2026 following a Chapter 11 auction and U.S. Bankruptcy Court approval.

  • Buyer
    Crux Capital
    Target
    Ivybrook Academy
    Seller
    Jennifer McWilliams, Drew McWilliams

    Crux Capital invested in Ivybrook Academy, a franchised half-day preschool operator, recapitalizing the early childhood education platform to support its next phase of national expansion. The founders, Jennifer and Drew McWilliams, will retain meaningful ownership and continue to lead alongside the existing management team.

  • Buyer
    Salem One
    Target
    SmashBrand
    Type
    Buyout

    Salem One, a portfolio company of Granite Creek Capital Partners, announced it has acquired SmashBrand, a fully integrated brand development agency focused on consumer-packaged goods (CPG). SmashBrand will continue operating under its own brand, leadership team, and proprietary methodology while Salem One brings complementary marketing execution capabilities.

  • Buyer
    Border Concepts, LLC, Monument MicroCap Partners, LLC
    Target
    EarthWay Products, LLC, EarthWay Products, Inc.
    Seller
    Tim Hildebrand (Chair of EarthWay; CEO of Monument)
    Industry
    Manufacturing
    Type
    Buyout

    Border Concepts (BCI) acquired EarthWay Products, adding the EarthWay brand and product line to its lawn and garden portfolio. The deal expands EarthWay’s reach via Border Concepts’ national distribution footprint and strengthens Border Concepts’ capabilities in lawn and garden injection molded products.

  • Buyer
    Miller Environmental Group, Coalesce Capital
    Target
    Haz-Mat Environmental Services, Canco
    Type
    Buyout

    Miller Environmental Group, a Coalesce Capital portfolio company, completed the acquisition of Haz-Mat Environmental Services and Canco. The deal expands Miller’s vertically integrated industrial and waste services platform by adding geographic density and complementary capabilities across key U.S. Southeast markets.

  • Buyer
    ramarketing
    Target
    ISR
    Type
    Addon

    NorthEdge-backed ramarketing completed the acquisition of ISR, a specialist pharmaceutical market research agency based in North Carolina. The deal combines ISR’s in-depth research capabilities with ramarketing’s commercial strategy, marketing, communications and creative services to strengthen ramarketing’s US and global life sciences offering.

  • Buyer
    Falfurrias Management Partners, Leonard Green & Partners' Sage Fund
    Target
    Crosslake
    Industry
    IT Services

    Crosslake (a data-driven technology advisory firm) completed a single-asset continuation vehicle initiated by its sponsor, Falfurrias Management Partners, and led by Leonard Green & Partners’ Sage Fund. The structure provides liquidity to certain existing investors while Crosslake’s management team continues executing its growth strategy with additional capital to support future acquisitions and platform investment.

  • Buyer
    Rhino Tool House
    Target
    Ergonomic Solutions, Inc., Teknikor
    Type
    Addon

    Rhino Tool House completed the acquisition of Ergonomic Solutions, Inc. (ESI) and Teknikor to expand its material handling and automation services capabilities. The deal adds ESI’s overhead crane/conveyor and custom material handling expertise and Teknikor’s automated systems controls and installation services, extending Rhino Tool House’s reach across the Midwest and Northeast.

  • Buyer
    Banyan Software
    Target
    Launch Labs
    Industry
    Cloud & SaaS
    Type
    Buyout

    Banyan Software acquired Launch Labs, a North Carolina-based marketing technology and data solutions provider specializing in identity resolution, audience activation, and marketing attribution. Launch Labs will continue operating independently from its headquarters in Chapel Hill, with its existing leadership team in place.

  • Buyer
    Gemspring Capital Management, LP (affiliate)
    Target
    Aeromed Group LLC, HITEK Electronic Materials Ltd., NorcaTec LLC, Kit Pack Company, Inc.

    Gemspring Capital Management, through an affiliate, made a strategic minority investment in Aeromed Group LLC. The new capital supports Aeromed’s recent acquisitions of HITEK Electronic Materials Ltd., NorcaTec LLC, and Kit Pack Company, Inc., strengthening technical capabilities and expanding Aeromed’s global supply chain footprint.

  • Buyer
    Argus Monitoring Solutions Holdings, LLC
    Target
    Civionic Engineering 26 Consulting, Inc., Piedmont Geologic, P.C.
    Industry
    IT Services
    Type
    Addon

    Benford Capital Partners’ portfolio company Argus Monitoring Solutions Holdings, LLC acquired Civionic Engineering 26 Consulting, Inc. and Piedmont Geologic, P.C. The deals expand Argus’ structural health monitoring and environmental/geotechnical capabilities and broaden its footprint across the United States and Canada.

  • Buyer
    FairWave Specialty Coffee Collective
    Target
    Joe Van Gogh
    Seller
    Robbie Roberts (founder)
    Type
    Buyout

    FairWave Specialty Coffee Collective, a Kansas City venture capital-backed specialty coffee conglomerate, acquired Joe Van Gogh, a North Carolina specialty coffee company with multiple locations in the Durham and Chapel Hill area. Founder Robbie Roberts said he will remain with Joe Van Gogh for the foreseeable future as the brand joins FairWave’s growing midwest and mid-Atlantic portfolio.

  • Buyer
    Liberty Waste Solutions, Allied Industrial Partners
    Target
    AJ Disposal
    Type
    Addon

    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.

  • Buyer
    Columbus McKinnon Corporation, CD&R (CD&R funds managed by CD&R XII Keystone Holdings, L.P.)
    Target
    Kito Crosby Limited
    Seller
    KKR (funds managed by KKR)
    Type
    Buyout

    Columbus McKinnon Corporation has completed its acquisition of Kito Crosby Limited in an all-cash transaction. The combined company expects to scale lifting solutions globally and deliver $70 million of expected net annual run-rate cost synergies, with potential revenue synergy upside.

  • Buyer
    Artisan Custom Closets, Artisan Family of Brands
    Target
    Queen City Closets
    Type
    Addon

    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.

  • Buyer
    SilverAssist, Growth Catalyst Partners, Stellus Capital Management, LLC
    Target
    Caring, LLC (Caring.com)
    Type
    Addon

    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.

  • Buyer
    Virtual Technologies Group (VTG)
    Target
    Whitlock Infrastructure Solutions
    Industry
    IT Services
    Type
    Buyout

    Virtual Technologies Group (VTG), backed by Jacmel Partners, has acquired Whitlock Infrastructure Solutions, a software reseller and IT services firm focused on IT operations management. The deal expands VTG’s commercial enterprise service capabilities and strengthens its federal government services expertise, combining VTG’s managed IT infrastructure and cybersecurity with Whitlock’s ValueFirst/FirstCall/TotalCare offerings and software provider relationships.

  • Buyer
    Crestview Partners, AltitudeX Aviation Group, Members of Tailwind's existing management team
    Target
    Tailwind Hospitality, Inc.
    Seller
    Palladin Consumer Retail Partners
    Type
    Buyout

    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.

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