Tracked deals
916
916 tracked deals across 2007-2026.
Tracked deals
916
916 tracked deals across 2007-2026.
Buyer mix
Mixed buyer set
869 pe · 531 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) |
| Gryphon Investors | 6 | Middle-market private equity firm and sponsor; provides c... | PE |
Last 10 years
Supporting Data
Select Medical Holdings announced the completion of its acquisition by an entity affiliated with a consortium led by Robert A. Ortenzio, Martin F. Jackson, and Welsh, Carson, Anderson & Stowe (WCAS). The transaction values Select Medical at approximately $3.9 billion and was made effective July 1, 2026, with Select Medical’s stock ceasing to trade.
Martis Capital Management, LLC acquired a majority equity stake in Deerfield Group, a marketing, communications, media, and technology agency serving healthcare and life sciences clients. The investment is intended to accelerate Deerfield’s capability expansion, bolster current offerings, and develop new technology solutions, while founders and Deerfield management retain meaningful ownership.
Ardurra Group, Inc. announced the acquisition of Kelly Engineers, a Pennsylvania-based municipal engineering and surveying firm serving the Greater Philadelphia region. The deal is aimed at strengthening Ardurra’s Northeast presence, particularly in the Greater Philadelphia market, 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.
Figure Technology Solutions has announced a definitive agreement to acquire AI-powered lending platform Kiavi in a transaction valued at $717 million. The deal includes Kiavi’s operating platform, while a joint venture between Figure and Sixth Street will purchase loans held on Kiavi’s balance sheet.
Gemspring Capital Management made a strategic minority investment in Comoto Holdings, the omnichannel motorcycle and powersports retailer operating brands including Cycle Gear, RevZilla, and J&P Cycles. Existing majority shareholder Prospect Hill Growth Partners retained its ownership position, and financial terms were not disclosed.
TPG Real Estate, alongside PSP Investments, La Caisse, and Norges Bank Investment Management, acquired ECHO Realty, a grocery-anchored retail owner and operator, in a transaction valued at about $2 billion. The investor group plans to partner with ECHO’s management team to scale the platform through acquisitions, development, leasing, property management, and ECHO’s boutique retail brokerage business.
Hidden River Strategic Capital announced an investment in Northstar Senior Living to support Northstar’s merger with Alta Senior Living, creating a combined Northstar Senior Living platform. Hidden River’s financing consisted of debt and convertible preferred equity intended to help integrate operations, invest in technology, and expand the company’s geographic reach.
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.
NovaVision, LLC acquired Graphic Communications, Inc. to expand its printing, die-cutting, and security label capabilities and broaden its labeling solutions portfolio for a global customer base. Graphic Communications specializes in custom high-quality printing and converting solutions, including variable data printing and serialization.
Dallas-based private equity firm Trive Capital has made an investment in PavCon, a provider of predictive analytics and decision‑support software serving U.S. defense customers. The partnership will fund PavCon’s growth—investing behind its talent, technology and scalable operating model—to accelerate delivery of AI-driven predictive solutions; financial terms were not disclosed.
CQL Capital led a strategic investment in Erie Strayer, a fourth-generation, family-owned concrete batching solutions company. The deal is intended to support Erie Strayer’s long-term growth, innovation, employee development, and expanded aftermarket service, with management led by CEO Kyle Strayer remaining in place.
Manufacturing Corporation of America (MCA) has acquired TRUKD, a U.S.-based truck bed rack manufacturer. TRUKD will operate within MCA's Metal One Fabrication facility to enable vertically integrated manufacturing, accelerate product development, improve supply-chain resilience, and scale production in support of Made-in-America growth.
AEA Investors’ Small Business Private Equity team made a majority investment in Magna5, a managed IT services and cybersecurity provider headquartered in Canonsburg, Pennsylvania. The transaction was completed alongside significant reinvestment from Magna5 management, with terms undisclosed, and is aimed at scaling Magna5’s national platform while expanding cybersecurity, compliance, and AI-enabled capabilities.
Arctiq acquired Verinext to create a next-generation, intelligence-driven technology services organization spanning managed services, hybrid infrastructure, networking, enterprise security, data & AI, and enterprise service management. The deal was completed in early February 2026, with Gallant Capital Partners supporting the transaction as the majority owner of Arctiq. Financial terms were not disclosed.
Aegis Software has completed its acquisition of Simio, combining Aegis’ manufacturing execution and operations software with Simio’s digital twin simulation and advanced planning and scheduling capabilities to create an integrated manufacturing operations platform. The deal, backed by Peak Rock Capital (Aegis' sponsor), expands Aegis’ product breadth and positions the combined company to serve global manufacturers with end-to-end execution, planning, and simulation tools; Simio’s founder will remain a shareholder.
Pye-Barker Fire & Safety has acquired Knight Security Systems, a Harrisburg, Pennsylvania-based provider of security and fire alarm installation and 24/7 monitoring services. The acquisition expands Pye-Barker's presence in Central Pennsylvania and brings Knight's local teams and Knight Watch monitoring capabilities into Pye-Barker's national life-safety and security platform.
AutoManager, a dealer management software provider backed by The Beekman Group, acquired Macrosmith, a cloud-based document management software company purpose-built for automotive retailers. The acquisition is intended to expand AutoManager’s integrated platform by digitizing, organizing, and retrieving dealership records to improve efficiency, audit readiness, and regulatory or OEM compliance.
BlueRidge Life Sciences, a Renovus Capital Partners portfolio company, has acquired Design Science, a human factors and usability engineering consultancy serving medical device, pharmaceutical, and biotechnology clients. The deal expands BlueRidge's human factors, usability testing, and use-related risk analysis capabilities and will let Design Science continue operating under its existing brand with current leadership.
KKR has completed an additional investment in Sylvan, a global mushroom spawn and fungal biotechnology company, with participation from TPG NewQuest, Ping'An Capital, China Post Insurance, Schroders Capital, Tsao Pao Chee and a follow-on from Novo Holdings. The funding will support Sylvan’s expansion—increasing production capacity, strengthening R&D, developing new product categories and deeper growth across Asian markets—while KKR remains the company’s majority investor.
Southfield Capital has made a strategic growth investment in The Perfect Franchise (TPF), a franchise advisory and consulting firm, to support the company's expansion and enhance its advisory platform. TPF will remain under current leadership with founder and CEO Mark Schnurman continuing to run day-to-day operations while Southfield provides capital, operational support, and strategic resources.
Propark Mobility has acquired Pittsburgh Valet, a regional valet-service provider, expanding Propark’s operations in Western Pennsylvania. The deal brings Pittsburgh Valet’s more than 20 years of hospitality- and event-focused parking experience into Propark’s national parking and mobility platform, providing additional technology and operational resources while preserving local service roots.
Renovus Capital Partners has sold its portfolio company Pillr Health, a technology-enabled pharmacy optimization platform, to Water Street Healthcare Partners. Pillr Health provides software and tech-enabled services to help healthcare providers manage pharmacy operations, ensure 340B compliance, and improve financial and operational outcomes.
Boyne Capital announced the sale of its portfolio company, Double Wood Supplements, to Gryphon Investors. Double Wood is a vitamins, minerals, and supplements brand headquartered in Philadelphia, Pennsylvania, with a portfolio of more than 150 SKUs across categories including sleep, healthy aging, active nutrition, and immune support.
O'Hara's Son Roofing (an Angeles Equity Partners portfolio company) acquired CP Rankin, a Chalfont, Pennsylvania-based commercial roofing services provider. The add-on expands OSR's presence across the Eastern U.S., complementing its service offering with CP Rankin's seven-location footprint and customer relationships.
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