Private Equity-Backed Acquisitions in Tennessee

Tracked deals

433

433 tracked deals across 2005-2026.

Buyer mix

Mixed buyer set

408 pe · 247 strategic

Top trend

Volume peaked in 2022

84 tracked deals announced in 2022.

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 Tennessee →
Buyer # Deals Focus Type
Gryphon Investors 5 Middle-market private equity firm focused on profitably g... PE
Centre Partners 4 Middle-market private equity firm focused on consumer and... PE
Greater Sum Ventures 4 Entrepreneurial family office investing its own capital i... Family Office
Hidden Harbor Capital Partners 4 Private equity firm investing in lower-middle market and ... PE
Platinum Equity 4 Global private investment firm specializing in buyouts an... PE
Allied Industrial Partners LLC 3 Lower-middle market private equity firm that invests in i... PE
Ardurra Group, Inc. 3 Engineering consulting firm (ENR Top 500) providing consu... Strategic (PE-backed)
Capitala Group 3 Private markets investment firm providing debt and equity... PE
GI Partners 3 Middle-market private investment firm investing across pr... PE
HarbourView Equity Partners 3 Global alternative asset management firm focused on niche... PE

Acquisition Volume in Private Equity-Backed in Tennessee by Year

Last 10 years

Acquisition volume by year Annual acquisition counts for the last 10 years for Private Equity-Backed Acquisitions in Tennessee. 1 2017 3 2018 28 2019 41 2020 70 2021 84 2022 53 2023 68 2024 45 2025 ~50 est. 36 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

  • Buyer
    Hanger, Inc., Patient Square Capital
    Target
    Numotion
    Type
    Buyout

    Hanger has agreed to acquire Numotion for cash, combining orthotic and prosthetic patient care with Complex Rehabilitation Technology (CRT) and mobility and independence solutions. The combined organization will continue operating under existing brands and is expected to close in the fourth quarter of 2026, subject to customary conditions.

  • Buyer
    Olympus Cosmetic Group
    Target
    Gallaher Plastic Surgery & Med Spa
    Seller
    Dr. Tom Gallaher
    Type
    Addon

    Olympus Cosmetic Group acquired Gallaher Plastic Surgery & Med Spa, a cosmetic plastic surgery and med spa practice in Eastern Tennessee. The deal expands Olympus’ surgeon-founded aesthetics platform into Tennessee, with the practice continuing under its physician-led approach led by Dr. Tom Gallaher.

  • Buyer
    BPOC
    Target
    Master Medical Equipment, ReNew Biomedical

    BPOC, a healthcare-focused investment firm, made strategic investments in Master Medical Equipment (MME) and ReNew Biomedical, sister companies that distribute, rent, repair, and maintain medical equipment. The companies plan to use BPOC’s backing to expand their geographic footprint and broaden their range of healthcare equipment and service solutions, with founder and CEO Mark Taylor continuing to lead both businesses.

  • Buyer
    WSB LLC, GHK Capital Partners LP
    Target
    Civil Infrastructure Associates, LLC (CIA)
    Type
    Addon

    WSB announced the acquisition of Civil Infrastructure Associates, LLC (CIA), a Nashville metro–focused municipal engineering firm. The deal expands WSB’s municipal, environmental, water and wastewater, surveying, and aviation infrastructure capabilities and strengthens its Southeast presence.

  • Buyer
    BV Investment Partners
    Target
    Thomas & Company

    BV Investment Partners announced that it has made an investment in Thomas & Company, a workforce compliance platform headquartered in Nashville. BV will partner with CEO Nate Kenney and the Thomas & Company leadership team to support the company’s next phase of growth, including expanding its client base, deepening its service suite, and pursuing additional acquisitions.

  • Buyer
    HighPoint Exterior Home Services
    Target
    Five Points Roofing Company
    Industry
    Construction
    Type
    Addon

    HighPoint Exterior Home Services partnered with Five Points Roofing Company, a full-service residential roofing contractor headquartered in Franklin, Tennessee. Lake Street Capital Partners backed the HighPoint platform, and Hyde Park Capital served as exclusive investment banker to Five Points.

  • Buyer
    Summit Professional Education, Avathon Capital
    Target
    Kids Bowel & Bladder (KBB)
    Type
    Addon

    Summit Professional Education acquired Kids Bowel & Bladder (KBB), the leading continuing education platform focused on pediatric pelvic health for physical and occupational therapists. The acquisition is supported by a senior credit facility arranged by Monroe Capital and extends Summit’s pelvic health education platform into the pediatric specialty segment.

  • Buyer
    GI Partners
    Target
    HES Facilities Management

    GI Partners announced the closing of its majority investment in HES Facilities Management, an outsourced facilities services provider serving education institutions and commercial customers. The investment includes reinvestment from HES’s management team, while GI Partners and management partner to support HES’s next phase of growth.

  • Buyer
    Goldentree Asset Management
    Target
    Quorum Health
    Seller
    Community Health Systems

    Goldentree Asset Management became the majority owner of Quorum Health in 2024 as the hospital chain emerged from bankruptcy. Quorum announced plans to shift from a private-equity-backed for-profit structure to a nonprofit model managed by QKA Health Corporation (doing business as Healthside Partners), subject to regulatory approval and expected to be finalized in Fall 2026.

  • Buyer
    Orion Legal, Uplift Investors
    Target
    Hughes Coleman Injury Lawyers
    Type
    Addon

    Orion Legal, an MSO backed by Uplift Investors, acquired Hughes Coleman Injury Lawyers, a Tennessee-based personal injury practice with about $50 million in annual revenue. The acquisition adds roughly 40 attorneys and support staff to Orion’s platform and represents Orion’s first significant entry into the Tennessee market.

  • Buyer
    FortyAU
    Target
    Ronin Consulting
    Type
    Addon

    FortyAU, a Nashville-based digital engineering and AI solutions firm, announced its acquisition of Ronin Consulting, a Nashville software engineering and AI development firm focused on enterprise clients in healthcare, financial services, and defense. The companies said the combination expands FortyAU’s AI and data capabilities, engineering talent, and account management discipline; financial terms were not disclosed.

  • Buyer
    Southeast Building Supply Interests
    Target
    Builders Supply Co. of Tennessee
    Seller
    Bubba Ingleburger, Carl Dixon
    Type
    Addon

    Southeast Building Supply Interests (SBSI) acquired Builders Supply Co. of Tennessee, adding three Middle Tennessee locations and expanding SBSI’s footprint in the state. The deal expands SBSI’s lumber and building materials distribution network serving builders and professional contractors across the Southeast, with the sellers (Bubba Ingleburger and Carl Dixon) staying on in advisory roles to support ongoing operations.

  • Buyer
    GI Partners
    Target
    Rose BioSolutions, Charles River Laboratories International, Inc. - CDMO and Cell Solutions businesses
    Seller
    Charles River Laboratories International, Inc.
    Type
    Buyout

    GI Partners completed its acquisition of the Contract Development and Manufacturing Organization (CDMO) and Cell Solutions businesses from Charles River Laboratories, creating an independent advanced therapy manufacturing company, Rose BioSolutions. Rose BioSolutions will provide end-to-end cell and gene therapy development and manufacturing, covering plasmid DNA, viral vectors, cell therapy production, and cellular starting materials.

  • Buyer
    Colorado Premium, Kainos Capital
    Target
    Old Hickory Smokehouse
    Seller
    Wayne Wolf, Wayne Wolf and his sons Wayne and Brandon Wolf (founders/operators; continue with business)
    Industry
    Food & Beverage
    Type
    Addon

    Colorado Premium acquired Old Hickory Smokehouse, a founder-owned Tennessee producer of smoked and cooked protein products. The deal expands Colorado Premium’s value-added protein platform beyond its sous vide cooking capabilities by adding naturally smoked proteins, along with additional investment in the Lewisburg production facility.

  • Buyer
    Engineering Resource Group, Inc., Godspeed Capital Management LP
    Target
    Haltom Engineering, LLC
    Industry
    IT Services
    Type
    Addon

    Engineering Resource Group (ERG), backed by Godspeed Capital, acquired Haltom Engineering, a Memphis-based MEP engineering consulting firm. The deal is ERG’s first add-on acquisition, expanding ERG’s geographic reach across the Southern United States and adding technical depth in mechanical, plumbing, and fire protection design with net-zero expertise.

  • Buyer
    Bertelsmann, Great Mountain Partners, Apollo-managed funds and affiliates
    Target
    BMG, Concord
    Type
    Buyout

    BMG and Concord announced a definitive agreement to combine their businesses into the world’s leading independent music company, operating under the BMG name with two divisions: BMG Publishing and Concord Records. The combined company will be headquartered in Nashville with a European headquarters in Berlin, and is expected to close in the second half of 2026, subject to regulatory approvals.

  • Buyer
    The Amlon Group, Heartwood Partners
    Target
    Excel TSD of Tennessee LLC, WSI, UTI
    Type
    Addon

    The Amlon Group, backed by Heartwood Partners, acquired Excel TSD of Tennessee LLC (along with related entities WSI and UTI). The deal expands Amlon’s hazardous and non-hazardous waste treatment, storage, and disposal capabilities and strengthens its geographic presence in the Mid-South region.

  • Buyer
    Visterra Landscape Group
    Target
    Land Corps Landscaping
    Type
    Addon

    Visterra Landscape Group, a portfolio company of Trinity Hunt Partners, acquired Land Corps Landscaping as part of its expansion of commercial landscaping services. CriticalPoint served as exclusive financial advisor to Visterra on the transaction.

  • Buyer
    WTWH Media, Mountaingate Capital
    Target
    HealthLeaders
    Type
    Buyout

    WTWH Media, backed by Mountaingate Capital, announced it will acquire HealthLeaders, a media and events platform serving hospital and health system executives. The deal expands WTWH’s healthcare media and events portfolio by combining its post-acute care reach with HealthLeaders’ long-standing hospital leadership audience and flagship Exchange events.

  • Buyer
    Office Ally, WestView Capital Partners
    Target
    Jopari Solutions, Inc.
    Type
    Buyout

    Office Ally announced it is acquiring Jopari Solutions, a provider of straight-through electronic claims processing and clinical attachment/payment infrastructure for Property 26 Casualty, Commercial, and Government healthcare. The acquisition expands Office Ally’s all-payer clearinghouse network and payer-to-provider payment capabilities, enabling greater automation, interoperability, and end-to-end electronic transaction processing.

  • Buyer
    Founders Home Service Group, Kompass Kapital
    Target
    The Air Guys LLC
    Seller
    John Skelton, Holly Skelton
    Industry
    IT Services
    Type
    Addon

    Founders Home Service Group acquired The Air Guys LLC, a Chapel Hill, Tennessee-based HVAC and residential home services contractor, to expand its Middle Tennessee footprint. The deal adds a local “people-first” operator with established customer relationships and broad home services capabilities (HVAC, electrical, and plumbing) to Kompass Kapital-backed Founders’ platform.

  • Buyer
    Third Space Capital
    Target
    Premier Global Production, Country Thunder

    Third Space Capital has made an equity investment in both Premier Global Production and Country Thunder, with founder and CEO Troy Vollhoffer continuing to lead both businesses and remain a significant shareholder. The investment is intended to provide additional capital flexibility and strategic support to accelerate organic growth, enhance operational infrastructure, and pursue targeted acquisitions.

  • Buyer
    Zavation Medical Products, LLC, Zavation Medical Products, LLC
    Target
    Choice Spine Holdings, Inc. (ChoiceSpine)
    Seller
    Altus Capital Partners (sale holder; per Altus announcement)
    Industry
    Medical Devices
    Type
    Addon

    Zavation Medical Products, a portfolio company of Gemspring Capital, acquired ChoiceSpine Holdings, a Knoxville, Tennessee designer and manufacturer of spinal implant systems. ChoiceSpine will maintain its brand and operations as the companies work toward a unified organization; terms were not disclosed.

  • Buyer
    Edison Partners
    Target
    Payra

    Payra, an ERP-native accounts receivable and cash application automation platform for construction and industrial suppliers, raised a $15 million growth equity investment from Edison Partners. The funding is intended to expand Payra’s product capabilities, deepen ERP integration partnerships, and scale go-to-market efforts across construction and industrial verticals.

  • Buyer
    Summit Wealth Group
    Target
    Premier Private Wealth
    Type
    Buyout

    Summit Wealth Group has merged with Premier Private Wealth, a Franklin/Nashville-area wealth management firm with $470 million in AUM, expanding Summit’s presence in Tennessee and lifting combined AUM to about $3 billion. The deal also launches Summit Wealth Group Family Office Services, with Premier CEO Michael Comstock joining Summit as Head of Family Office Services and leading the new Franklin office.

  • Buyer
    Averon Group, Trinity Hunt Partners
    Target
    Fenco Supply
    Type
    Addon

    Averon Group, a national HVAC distribution platform backed by Trinity Hunt Partners, announced an investment in Fenco Supply, adding the family-owned HVAC distributor to its platform. The move expands Averon Group’s footprint into the Southeast and strengthens its network of independent HVAC distributors serving contractors and facility managers.

  • Buyer
    Concentric Equity Partners
    Target
    Pollan Paving
    Seller
    Benji Pollan

    Concentric Equity Partners (CEP), the direct investing arm of Financial Investments Corporation, announced the closing of its partnership with Benji Pollan and the recapitalization of Pollan Paving. Benji Pollan and Vice President Craig Kamyszek will continue to lead day-to-day operations and retain significant ownership stakes.

  • Buyer
    The Amlon Group, Heartwood Partners
    Target
    Mastermelt America LLC
    Type
    Addon

    The Amlon Group, backed by Heartwood Partners, acquired Mastermelt America LLC. The acquired Sweetwater, Tennessee facility is now operating as Amlon Sweetwater and adds thermal processing and chemical dissolution capabilities for complex industrial waste streams.

  • Buyer
    American Industrial Partners (AIP)
    Target
    International Paper - Global Cellulose Fibers (GCF)
    Seller
    International Paper
    Type
    Buyout

    American Industrial Partners (AIP) has completed its acquisition of International Paper’s Global Cellulose Fibers (GCF) business. The transaction was valued at $1.5 billion, with AIP paying cash and issuing preferred stock to International Paper, and GCF now operates as an independent company.

  • Buyer
    Allshares
    Target
    Stock & Option Solutions (SOS)
    Industry
    Software
    Type
    Buyout

    Allshares acquired Stock & Option Solutions (SOS), a U.S.-based specialist in end-to-end equity compensation and equity plan administration. The deal adds a U.S. services platform to Allshares’ ownership management software, aiming to accelerate Allshares’ expansion in its largest and fastest-growing market and extend SOS’ reach through Allshares’ international footprint.

  • Buyer
    SLR International Corporation (SLR)
    Target
    WAP Sustainability, LLC
    Type
    Buyout

    SLR International Corporation (SLR) has acquired WAP Sustainability, LLC, a Nashville-based sustainability consulting and ESG data solutions firm. The deal brings nearly 100 WAP employees and enhances SLR's sustainability consulting, product‑sustainability and ESG data capabilities to serve building products, packaging, textiles, electronics and consumer goods clients.

  • Buyer
    Behavioral Framework, Renovus Capital Partners
    Target
    Autism ETC
    Type
    Addon

    Behavioral Framework, a family-owned ABA therapy provider, announced that Autism ETC is joining its platform. The deal expands Behavioral Framework’s center-based offerings and geographic footprint, adding five clinics across Tennessee and Arizona, backed by Renovus Capital Partners.

  • Buyer
    Rotation Digital, The Brydon Group
    Target
    Syssero
    Industry
    IT Services
    Type
    Addon

    Rotation Digital, a full-stack digital technology services company backed by The Brydon Group, has acquired Syssero, a consultancy specializing in workforce technology and enterprise applications. The add-on strengthens Rotation Digital's workforce technology and enterprise application capabilities and expands its delivery resources across clients.

  • Buyer
    DirectMed Imaging, Frazier Healthcare Partners
    Target
    Tri-Imaging Solutions
    Industry
    Medical Devices
    Type
    Addon

    DirectMed Imaging, a portfolio company of Frazier Healthcare Partners, has acquired Tri-Imaging Solutions and will combine the two businesses under the Tri-Imaging name. The transaction creates a scaled imaging solutions platform that expands parts inventory, service capabilities, and technical training for healthcare networks, independent service organizations, and equipment manufacturers.

  • Buyer
    Windjammer Capital
    Target
    MFG Chemical
    Seller
    Platte River Equity
    Industry
    Manufacturing
    Type
    Buyout

    Windjammer Capital has acquired MFG Chemical, a specialty chemical developer and manufacturer headquartered in Chattanooga, Tennessee, from Platte River Equity. Windjammer plans to support MFG's growth through investments in operational excellence, product development, and strategic acquisitions, positioning MFG as a platform within specialty chemicals.

  • Buyer
    Gauge Capital
    Target
    Reliable Medical
    Seller
    Seven Hills Capital

    Gauge Capital has partnered with Reliable Medical's management to provide growth capital and complete a recapitalization, acquiring the Nashville-based provider of Complex Rehabilitation Technology (CRT) from prior sponsor Seven Hills Capital. The investment will support Reliable Medical's expansion of clinical capabilities, geographic footprint, and continued focus on high-touch post-delivery services for patients with severe mobility impairments.

  • Buyer
    Broadwing Capital
    Target
    CloudScale365
    Industry
    IT Services
    Type
    Buyout

    Broadwing Capital, a Dallas-based private equity firm, announced its acquisition of CloudScale365, the first investment in its new IT managed service provider (MSP) platform. CloudScale365 provides managed IT, cloud, hosting, and security solutions for small and medium-sized businesses, with support teams across nine U.S. regional locations.

  • Buyer
    The Care Team, Revelstoke Capital Partners
    Target
    Traditions Health
    Seller
    Traditions Health, Dorilton
    Type
    Addon

    Revelstoke Capital Partners’ portfolio company, The Care Team, has acquired select hospice and palliative care operations of Traditions Health in Illinois, Indiana, Ohio and Virginia. The add-on expands The Care Team’s geographic footprint across the Midwest and Mid-Atlantic and brings Traditions Health staff and capabilities into The Care Team’s multi-state hospice platform.

  • Buyer
    Investcorp
    Target
    Guardian Fire Services
    Seller
    Northern Lakes Capital
    Type
    Buyout

    Investcorp has acquired Guardian Fire Services, a Nashville-based provider of fire protection and life safety services, from Northern Lakes Capital. Guardian operates 17 branches across the U.S., serving commercial, industrial, healthcare and educational customers; management will remain meaningful shareholders as Investcorp supports the company's continued growth.

  • Buyer
    BryteBridge Group, RFE Investment Partners, Knox Capital
    Target
    Foundation Group
    Industry
    Accounting & Tax
    Type
    Addon

    Winter Park-based BryteBridge Group has acquired Foundation Group, a Nashville-based provider of nonprofit formation, compliance, accounting and tax services. Backed by RFE Investment Partners and Knox Capital, the deal expands BryteBridge's nonprofit services platform, integrates Foundation Group's Assurance membership with BryteBridge's Connect platform, and broadens the combined group's reach to serve more small- and medium-sized nonprofit organizations nationwide.

  • Buyer
    Transom Capital Group
    Target
    Binswanger Glass
    Type
    Buyout

    Transom Capital Group, a Los Angeles–based private equity firm, completed the acquisition of Binswanger Glass, a leading full-service flat glass company headquartered in Memphis, Tennessee. The deal will provide Binswanger with new capital and Transom's operational resources to accelerate the company's transformation, expand service capabilities, and drive growth across its 42 locations in 11 states.

  • Buyer
    U.S. Dock & Door, Soundcore Capital Partners
    Target
    The Total Garage Store
    Type
    Addon

    U.S. Dock & Door (a portfolio company of Soundcore Capital Partners) has completed an investment in The Total Garage Store, adding the Tennessee-based garage door platform to its operating portfolio. The transaction, completed November 6, 2025, expands US Dock & Door’s footprint in the Southeast/Northeast and was advised by XLCS Partners on behalf of TGS.

  • Buyer
    FleetPride Inc., American Securities, Platinum Equity
    Target
    TruckPro, LLC
    Type
    Buyout

    FleetPride and TruckPro have completed a merger to form the largest independent distributor and service provider in the heavy‑duty aftermarket, with the combined company operating under the FleetPride name and jointly owned by American Securities and Platinum Equity. The combined business will operate more than 450 locations (110+ service centers) and six distribution hubs across the U.S. and Canada, aiming to expand parts availability, service capacity and digital/ecommerce capabilities.

  • Buyer
    PureTech Scientific LLC, Iron Path Capital
    Target
    Cymer Chemical (Dayton, TN facility)
    Seller
    Cymer Chemical
    Industry
    Manufacturing

    PureTech Scientific LLC, a PE-backed specialty glycolic acid manufacturer, has acquired the Dayton, Tennessee operations of Cymer Chemical. The acquisition—backed by PureTech's sponsor Iron Path Capital—adds tolling, blending, organic synthesis and pilot-scale capabilities to PureTech and strengthens its position in life sciences, personal care and specialty industrial end markets.

  • Buyer
    Endeavour, CoPilot Global Logistics Holdings, LLC
    Target
    Mallory Alexander International Logistics, LLC
    Seller
    Members of the Mallory family
    Type
    Buyout

    Endeavour and CoPilot Global Logistics completed a majority investment in Mallory Alexander, with members of the Mallory family retaining an ownership stake. Mallory Alexander will serve as the foundational operating company for a planned scaled global logistics platform, with initial priorities including investments in visibility systems, workforce training, safety programs, and targeted acquisitions to expand capabilities and geographic reach.

  • Buyer
    Avesi Partners
    Target
    Mosaic Consulting Group
    Industry
    IT Services

    Avesi Partners has made its first institutional investment in Mosaic Consulting Group, a Nashville-based UKG-focused HCM and workforce management consulting and managed services provider. The minority strategic growth investment will partner with Mosaic's leadership to accelerate organic growth, expand managed services offerings, and support M&A-driven expansion.

  • Buyer
    Air Conditioning Specialist, Inc., Hidden Harbor Capital Partners
    Target
    Clark Heating & Cooling, Inc.
    Type
    Addon

    Air Conditioning Specialist, Inc. (ACS), a portfolio company of Hidden Harbor Capital Partners, has acquired Clark Heating & Cooling, Inc., a residential and light commercial HVAC provider headquartered in Dickson, Tennessee. The deal expands ACS’s footprint in Middle Tennessee and strengthens its HVAC and plumbing service platform; financing for the transaction was provided by funds managed by First Eagle Alternative Credit and Capital Southwest.

  • Buyer
    Sunstone Partners
    Target
    Clearwater
    Seller
    Altaris, LLC, other existing shareholders
    Industry
    Cybersecurity
    Type
    Buyout

    Sunstone Partners, a growth-oriented private equity firm, has acquired majority ownership of Clearwater from Altaris, LLC and other existing shareholders. The investment will support Clearwater’s expansion of managed security, consulting, and software capabilities across the healthcare ecosystem and the defense industrial base (via its Redspin division).

  • Buyer
    Double Barrel Capital
    Target
    Envoy Source, LLC

    Houston-based private equity firm Double Barrel Capital completed a majority recapitalization of Memphis-based third-party logistics provider Envoy Source, LLC, with the transaction closing on August 15, 2025. The recapitalization positions Envoy to scale its high-value packaging, fulfillment, and serialized inventory management capabilities and pursue growth under DBC’s support.

  • Buyer
    Tacala
    Target
    Brew Team TN (nine 7 Brew locations)
    Seller
    Brew Team TN

    Birmingham-based Tacala acquired nine 7 Brew drive-thru cafes from Brew Team TN in Tennessee, increasing its 7 Brew portfolio to 31 locations. Tacala, a portfolio company of Altamont Capital Partners and the largest Taco Bell franchisee in the U.S., continues to expand its quick-service footprint while focusing on managing its Taco Bell and 7 Brew businesses.

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