Tracked deals
932
932 tracked deals across 2007-2026.
Tracked deals
932
932 tracked deals across 2007-2026.
Buyer mix
Mixed buyer set
881 pe · 538 strategic
Top trend
Volume peaked in 2021
170 tracked deals announced in 2021.
Buyer Snapshot
Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| Renovus Capital Partners | 12 | Private equity firm focused on knowledge and talent indus... | PE |
| NMS Capital | 9 | New York–headquartered private investment firm specializi... | PE |
| One Equity Partners | 9 | Middle-market private equity firm focused on industrial, ... | PE |
| Sila Services, LLC | 9 | Home services platform operating 35+ brands across the No... | Strategic (PE-backed) |
| Brookside Capital Partners | 7 | Provider of subordinated debt and minority equity capital... | PE |
| Continuim Equity Partners | 7 | Pittsburgh-based private equity firm focused on acquiring... | PE |
| Incline Equity Partners | 7 | Middle-market private equity firm investing in manufactur... | PE |
| Tecum Capital | 7 | Lower middle‑market private investment firm providing mez... | PE |
| Vision Innovation Partners | 7 | Operator of a Mid-Atlantic network of ophthalmology pract... | Strategic (PE-backed) |
| Warburg Pincus | 7 | Global growth-focused private equity firm investing acros... | PE |
Last 10 years
Supporting Data
Dunes Point Capital, LP sold NextGen Security LLC, an end-to-end integrator of electronic security systems serving complex and regulated facilities, to funds advised by Apax Partners LLP. NextGen is based in Exton, Pennsylvania and operates across eight locations serving industrial, healthcare, education, and commercial end markets.
Erthwrks, a provider of environmental compliance services, announced it has acquired Arktos Environmental, an Optical Gas Imaging (OGI) and Leak Detection and Repair (LDAR) services company. The acquisition expands Erthwrks’ air compliance capabilities by combining Arktos’ OGI expertise with Erthwrks’ existing LDAR, source, testing, engine testing, and ambient air monitoring services for nationwide customers.
KKR has reportedly made an approximately $9 billion takeover bid to acquire UGI Corporation for $42.50 per share, representing a 21.1% premium to UGI’s prior closing price. The proposal is not yet guaranteed to result in a transaction and has not been described as definitively agreed or closed.
JM Test Systems acquired McMurray Technical Services, a calibration services provider headquartered in McMurray, Pennsylvania. The deal expands JM Test’s calibration capabilities and strengthens its presence across the Mid-Atlantic and Northeast, while deepening expertise serving highly regulated energy, midstream, and industrial markets.
United Flow Technologies (a Berkshire Partners portfolio company) announced the acquisition of Iron Horse Environmental to expand its Mid-Atlantic presence. Iron Horse Environmental provides water and wastewater treatment equipment and field services across Eastern Pennsylvania, Southern New Jersey, and Delaware.
Simplicity Group has acquired Mid-Atlantic Wealth Advisory Group, a Pennsylvania-based registered investment advisor that provides holistic financial planning for professionals, business owners, and pre-retirees. Following the closing, Mid-Atlantic’s founders Dennis Maguire and Robert Sayre became partners at Simplicity, and the firm will be rebranded as Simplicity Wealth Advisors.
Graham Partners completed the July 1, 2026 acquisition of TechData Service Company, LLC (“TechData”) to anchor the newly formed Quantive Intelligence (“QI”) decision sciences platform. QI is being built through Graham’s acquisitions of TechData, LLX Solutions, LLC (“LLX”), and R Square Technology, Inc. (“R Square”), serving pharmaceutical and biotechnology sponsors with biostatistics, statistical programming, and data management services.
Bluestone Investment Partners acquired Delphinus Engineering, a Pennsylvania-based Navy ship-repair, modernization, and sustainment services provider. The partnership includes a leadership transition, with founder Ranjit Das retiring and senior executive Roby Lentz becoming CEO, and Bluestone plans to grow Delphinus through organic investment and acquisitions.
Mavis Tire Express Services Corp. will acquire The Pep Boys-Manny, Moe & Jack Holding Corp. for approximately $700 million in cash, via a Mavis subsidiary. The deal expands Mavis’s footprint, particularly across the Western United States, and is expected to close in the coming months subject to customary conditions. Icahn Enterprises will retain Pep Boys’ owned real estate previously transferred to Icahn and also keep other automotive service businesses (AAMCO Transmissions and Precision Tune Auto Care) that are not included in the transaction.
Brightstar Capital Partners acquired BrightTree Studios, a Pennsylvania-based technology design and consulting firm specializing in audiovisual, IT/telecom, security, and acoustics. The deal adds BrightTree to Brightstar’s architecture and design platform alongside KZF Design and Erdman to expand technology-focused planning and enable cross-referral across the platform’s client base.
Liberty Tire Recycling, backed by I Squared Capital, announced the acquisition of All American Tire, Colt Tire Recycling, and Genan, Inc. The deals expand Liberty’s Gulf Coast footprint—enhancing tire collection and recycling capacity across Texas and Louisiana and increasing output of recycled rubber products.
Warburg Pincus announced that a Warburg Pincus-led investor group agreed to acquire a controlling interest in PANTHERx Rare, a leading independent rare pharmacy in the United States. The sellers include Nautic Partners, General Atlantic, and The Vistria Group, while Nautic Partners and PANTHERx management are expected to remain significant shareholders.
Tavoron announced the acquisition of Fluidraulics, an automation components and system distributor serving customers across Pennsylvania and Ohio. The deal expands Tavoron’s Automation Distribution segment, strengthens its motion control offerings, and extends its geographic reach into the Pittsburgh and Cleveland markets.
Stryten Energy LLC has signed a definitive agreement to acquire C&D Technologies, Inc. and Trojan Battery Company, LLC (together, C&D Trojan). The deal is expected to close in Q3 2026 and will create a scaled, lead- and lithium-based energy storage manufacturing platform.
Control Devices, a portfolio company of HBM Holdings, announced it will acquire Solenoid Solutions. The deal is intended to expand Control Devices’ engineered flow control product range with complementary solenoid valve and manifold technology, though financial terms were not disclosed.
Select Medical Holdings Corporation will be taken private in a $3.9 billion transaction, with a consortium led by Executive Chairman Robert A. Ortenzio and Senior Executive VP Martin F. Jackson alongside Welsh, Carson, Anderson & Stowe (WCAS). The deal closed effective July 1, 2026, at $16.50 per share in cash, ending Select Medical’s NYSE listing.
Gladstone Investment Corporation has entered into a definitive agreement to acquire Extrude Hone LLC, a precision surface-finishing solutions provider based in Irwin, Pennsylvania. The deal is subject to final regulatory approval, and Gladstone did not disclose financial terms. Extrude Hone’s proprietary technologies serve mission-critical aerospace, automotive, heavy industrial, energy, and other demanding end markets.
Life Science Connect (LSC) acquired biopharma outsourcing service brands PharmaSource and CDMO Live from Life Science Networks. The deal combines PharmaSource and CDMO Live’s Europe and Americas divisions with LSC’s existing media platforms to create a single, expanded biopharma outsourcing platform and a new events division.
Zeus Fire and Security announced a partnership/acquisition transaction with SEi Security, creating a new Midwest hub to expand Zeus’s presence across Nebraska, Iowa, and the greater region. The deal strengthens Zeus’s commercial fire and security platform by adding a scaled base with over 90% commercial revenue and high recurring revenue.
Ardurra Group, Inc. acquired Kelly Engineers, a municipal engineering and surveying firm headquartered in Glen Mills, Pennsylvania. The acquisition expands Ardurra’s Northeast presence and reinforces its Greater Philadelphia capabilities, with Kelly Engineers continuing to operate from its Glen Mills office.
Waverly Advisors’ parent company acquired the equity of Smithfield Trust Company, a Pennsylvania-chartered trust company based in Pittsburgh. The acquisition expands Waverly’s trust services and strengthens its ability to provide integrated investment, tax, estate, and financial planning services. The transaction closed on June 12, 2026; deal terms were not disclosed.
Stephano Slack, an accounting and advisory firm based in Wayne, Pennsylvania, secured a strategic growth investment from funds managed by Madison Dearborn Partners (MDP), with co-investor Norlantic Capital participating. The capital is intended to accelerate expansion, enhance service capabilities, invest in talent and technology, and broaden geographic reach. Jim Brady will join as Executive Chairman following the close, and the firm will operate under an alternative practice structure for attest and non-attest services.
Gemspring Capital Management made a strategic minority investment in Comoto Holdings, an omnichannel motorcycle aftermarket platform operating brands including Cycle Gear, RevZilla, and J&P Cycles. Existing majority shareholder Prospect Hill Growth Partners retains its ownership position, and the deal terms were not disclosed.
TPG Real Estate (through a TPG-led investor group) agreed to acquire ECHO Realty, a grocery-anchored retail real estate owner and operator, in a transaction valued at about $2 billion. The consortium includes PSP Investments, La Caisse, and Norges Bank Investment Management, and plans to partner with ECHO management to scale the platform through acquisitions, development, leasing, and property management.
Omni Fiber acquired Citizens Fiber, a 100% fiber-optic Internet, TV, and phone provider serving communities in Westmoreland County, Pennsylvania. The deal expands Omni Fiber’s footprint in western Pennsylvania and supports its goal of bringing 100% fiber-optic broadband to underserved communities.
Lexitas Pharma Services (a QHP Capital portfolio company) acquired Erie Retina Research, along with CASExERIE and the assets of Element Erie: Imaging & Reading Center, to expand its retina-focused clinical research platform. Erie Retina Research will operate as a wholly owned subsidiary of Lexitas, CASExERIE will continue to operate within Erie Retina Research, and Element Erie’s imaging/reading capabilities will be integrated into Lexitas’ trial services.
KKR Alternative Assets L.P. entered into a purchase agreement to acquire newly issued shares of FS KKR Capital Corp for $150,000,000. The deal was announced on May 10, 2026 and is described as a firm intention following the execution of the definitive purchase agreement.
Continuim Equity Partners partnered with Lang Specialty Trailers, a portable sanitation trailer designer and manufacturer based in Latrobe, Pennsylvania. The deal marks Continuim’s tenth platform acquisition and the fourth within Continuim Equity Partners Fund II, with the Ghrist brothers remaining active shareholders to lead the next phase of growth.
Strategic Value Partners (SVP) signed a definitive agreement through its managed funds (the “SVP Funds”) to acquire the remaining equity interests in Birdsboro Power, LLC (“Birdsboro”), a 485-megawatt natural gas-fired combined-cycle generation facility in Birdsboro, Pennsylvania. The deal would bring Birdsboro under full SVP Fund ownership, following SVP’s initial one-third stake acquisition in May 2025 and its ongoing role as Managing Member alongside EverGen Power.
Specialized Elevator, a Berkshire Partners portfolio company, announced a merger with Wyatt Elevator to expand Specialized’s independent, unionized elevator and escalator services footprint in the greater Philadelphia area. The combined company will employ more than 500 IUEC members and service approximately 25,000 elevator and escalator units nationwide.
Power Home Remodeling (POWER) announced it secured growth investment from Bain Capital, Sixth Street, and Harvest Partners Structured Capital. The investors will partner with management and existing investor Harvest Partners to fund POWER’s continued footprint expansion and investment in its proprietary operating platform.
Pinnaql, a 3 Boomerang Capital portfolio company, acquired Pharma Resource Group, Inc. (PRG), a life-sciences advisory provider focused on analytical sciences, formulation, scientific writing, manufacturing, and change control. The acquisition is Pinnaql’s third tuck-in deal in the past 10 months and expands its full product-lifecycle capabilities from lab innovation through manufacturing readiness and inspection-ready commercialization.
White Heating, LLC, a residential heating and air conditioning services provider in Pittsburgh, has been acquired by Northwinds Services Group. Northwinds, a portfolio company of TruArc Partners, said the deal expands its presence in Pittsburgh and Western Pennsylvania and will provide additional support for sales, marketing, customer service, operations, finance, accounting, and IT.
I Squared Capital’s Energy Transition Fund (ISQ ETIF) acquired Oriden, a Pittsburgh-based renewable energy developer, from Mitsubishi Power Americas. I Squared plans to invest approximately $300 million to scale Oriden’s development pipeline and evolve it into a next-generation independent power producer with a more diversified asset base.
ECRI spun out its Spend Management and Recall Management solutions into an independent company, Staritas. Staritas was established with growth investment from Accel-KKR to expand AI-powered healthcare supply chain intelligence and analytics.
F2 Strategy, a business and digital transformation services firm focused on global wealth and asset management, announced it has acquired Meradia, an investment management operations and technology consulting firm. The deal is intended to expand F2’s end-to-end capabilities across the investment operations lifecycle and broaden scale and geographic reach across the U.S. and Canada.
AeriTek Global Holdings LLC (backed by Mill Point Capital) completed its acquisition of the foodservice refrigeration and HVAC assets operating under the Continental Refrigerator and National Comfort Products (NCP) brands. The purchase expands AeriTek’s position in the U.S. commercial foodservice refrigeration market by combining complementary product lines and go-to-market capabilities.
DFW Capital supported the creation of Acumetis, a new global life sciences commercialization company formed by combining five specialist consultancies: Herspiegel, Adivo Associates, Decisive Consulting, Fiecon, and Sixsense Strategy Group. The integrated firm brings together 350+ experts across commercial strategy, launch excellence, patient access, value and access, insights and analytics, and medical affairs to serve biopharma product lifecycle needs.
Z2 Capital Partners announced the closing of its investment in DCS Asset Maintenance (DCS AM), a provider of operations, maintenance, and management services for highways, bridges, and rest areas for DOTs and municipalities. The deal was structured as a first lien term loan intended to support growth and fund a distribution to DCS AM’s owners.
Edgewater Growth Capital Partners’ portfolio company, Nationwide Cooling Group, LLC, completed the acquisition of Protecall Corp. and its subsidiaries. Protecall provides HVAC protective coatings, indoor air quality solutions, and restoration services, which Nationwide Cooling says will advance its end-to-end HVAC/R platform strategy.
Terminus Capital Partners (TCP) acquired a majority investment in Andesa Services, a provider of policy lifecycle administration software for life insurance and annuities in advanced markets. The transaction closed March 19, 2026, with TCP partnering with management to support technology modernization, platform expansion, and long-term innovation.
Paratek Pharmaceuticals completed its combination with Radius Health, adding Radius’s osteoporosis therapy TYMLOS (abaloparatide) to Paratek’s specialty pharmaceutical portfolio. The combined company is expected to generate nearly $1 billion in revenue in 2026 and expands the platform across multiple high-need therapeutic areas.
GrayMatter, a provider of industrial automation and digital transformation services, announced the acquisition of Lean transformation consultancy FTE Factory Advisors. The deal—supported by investment partner Tailwind Capital—aims to combine GrayMatter’s digital consulting with Factory Advisors’ Lean methodology and AI-driven industrial intelligence for end-to-end factory transformation.
A Neumann & Associates announced the $16M sale of a western Pennsylvania industrial and infrastructure/general contractor. The firm says the contractor was sold in a fully reviewed, conservatively appraised transaction and that A Neumann facilitated introductions to acquisition lenders for the deal.
Thrombolex, Inc., a commercial-stage medical device company focused on pharmaco-mechanical lysis for thromboembolic diseases, announced the closing of a $50 million Series A equity financing led by OrbiMed. The funding is intended to expand U.S. commercialization and advance clinical evidence generation for its FDA-cleared BASHIR Endovascular Catheter (BEC) platform for pulmonary embolism and other VTE indications.
KPS Capital Partners has signed a definitive agreement to acquire a controlling (majority) interest in Jennmar and its affiliates. Financial terms were not disclosed, and closing is expected in Q2 2026 subject to customary conditions and approvals.
Funds managed by Blackstone Energy Transition Partners have entered into a definitive agreement to acquire a majority stake in Advanced Cooling Technologies, Inc. (ACT), a U.S. manufacturer of highly-engineered thermal management and energy efficiency solutions. The transaction is expected to close in the second quarter, subject to customary conditions, with ACT’s executive team remaining in place and continuing as significant shareholders.
OceanSound Partners, a New York-based private equity firm, has acquired Automated Financial Systems (AFS), a provider of commercial loan servicing and loan lifecycle management software. The deal will support accelerated product innovation, increased investment in sales and customer support, and AFS appointed Edward Jenkins as CEO to lead the company’s growth and modernization efforts.
Tencarva Machinery Company, backed by Bessemer Investors, acquired Hoffman-Kane Distributors, a Pittsburgh-based provider of industrial fluid handling and sealing solutions. The deal expands Tencarva’s footprint across the Ohio Valley and Mid-Atlantic and adds technical capability and aftermarket services to its platform.
PRIME AE Group, a Platform Holdings-managed architecture and engineering firm, acquired Klavon Design Associates, a Pittsburgh-based landscape architecture and planning practice serving federal, state, local, and private-sector markets. The deal is intended to expand PRIME AE’s landscape architecture, planning, sustainability, and federal/Department of Defense capabilities.
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