Tracked deals
51
51 tracked deals across 2018-2026.
Private Equity Firm
Financial Services
Kelso & Company
New York, New York, United States
Kelso & Company is a New York-based private equity firm that partners with management teams and corporates to invest in middle-market businesses. Founded in 1971, the firm has raised eleven private equity funds since 1980 and has made more than 140 investments.
- Focus Areas
- Private equity, Middle-market buyouts, Growth investing
- Website
- www.kelso.com
Recent pace
3
3 tracked deals announced in the last 12 months.
Deal mix
Addon
26 addon · 16 buyout · 6 growth capital
Kelso & Company Acquisition Volume by Year
Last 9 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
Showing the 12 most recent of 51 tracked deals for Kelso & Company.
-
- Buyer
- Kelso & Company
- Target
- Bearing Distributors, Inc. (BDI)
- Industry
- Industrial Services
- Location
- Ohio, United States
- Type
- Growth capital
Bearing Distributors, Inc. (BDI), a global distributor of bearings, power transmission and fluid power products, received a strategic growth investment from Kelso & Company. The capital and operational support are intended to accelerate BDI’s organic and inorganic growth across product categories, end markets, and service offerings.
-
April 6, 2026
- Buyer
- Kelso Company, ARA Services Partners, William Henry Insurance
- Target
- Beacon Communications, LLC
- Industry
- IT Services
- Location
- Colorado, United States
- Type
- Growth capital
Beacon Communications, LLC announced a strategic growth investment from Kelso Company and ARA Services Partners to support the company’s continued expansion across geographies, end markets, and service offerings. The existing leadership team will remain and retain meaningful ownership, with William Henry Insurance continuing as an equity partner.
-
- Buyer
- Kelso & Company, Kelso & Company (secondary buyer via minority common equity transaction)
- Target
- Wellington-Altus Financial Inc.
- Industry
- Financial Services
- Location
- Manitoba, Canada
- Type
- Growth capital
Wellington-Altus Financial Inc. successfully closed a nearly CAD $400 million secondary minority common equity investment in which Kelso & Company acquired a 25% stake. The deal values Wellington-Altus at over CAD $1.5 billion and provides liquidity to some existing Canadian shareholders while keeping the company majority-owned by Canadians.
-
July 16, 2025
- Buyer
- Armada Materials, Kelso & Company
- Target
- Drake's Creek Stone
- Seller
- Charles DeWeese Construction
- Industry
- Building Products
- Location
- Kentucky, United States
- Type
- Addon
Armada Materials, a Kelso-backed infrastructure materials platform, has acquired Drake's Creek Stone, a quarry in Franklin, Kentucky formerly part of Charles DeWeese Construction. The acquisition expands Armada's aggregates footprint to serve northern Tennessee and southern Kentucky and adds crushed stone production capacity to its platform.
-
- Buyer
- ARA Services Partners, Kelso & Company
- Target
- Galloway & Company, LLC
- Industry
- Engineering Services
- Location
- Colorado, United States
- Type
- Growth capital
Galloway & Company, a multidisciplinary architecture and engineering firm based in Greenwood Village, Colorado, received a strategic growth investment from ARA Services Partners and Kelso & Company to accelerate geographic, end-market, and service-line expansion. Galloway’s management will remain in place, employees retain significant ownership, and AEC Advisors served as exclusive financial advisor.
-
- Buyer
- Novvia Group, Kelso & Company
- Target
- Garrett Hewitt International
- Seller
- Jason Clerke (owner)
- Industry
- Packaging
- Location
- New York, United States
- Type
- Addon
Novvia Group, a Kelso & Company–backed packaging platform, has acquired Garrett Hewitt International (GHI), a Fishkill, New York–based supplier of plastic and glass containers for the beauty and fragrance markets. The add-on expands Novvia's consumer packaging distribution capabilities and complements prior 2025 consumer-focused transactions including Saxco and MegaChem; financial terms were not disclosed.
-
March 31, 2025
- Buyer
- Novvia Group, Kelso & Company
- Target
- MegaChem, Inc.
- Seller
- Richard Lewis
- Industry
- Industrial Services
- Location
- North Carolina, United States
- Type
- Addon
Novvia Group, a Kelso & Company-backed national rigid container and life sciences packaging distributor, has acquired MegaChem, Inc., a High Point, North Carolina supplier of pails, drums and other rigid packaging products. Financial terms were not disclosed; MegaChem owner Richard Lewis will remain with the business to support operations and growth as part of the Novvia platform, expanding Novvia's industrial packaging presence in the Southeastern U.S.
-
- Buyer
- Audax Private Equity, Lovell Minnick Partners
- Target
- Fortis
- Industry
- Payments & Fintech
- Location
- Texas, United States
- Type
- Recapitalization
Audax Private Equity and existing investor Lovell Minnick Partners completed a joint recapitalization of Fortis, a Plano-based embedded payments technology provider, closing on March 11, 2025. The investment will fund product and technology development, accelerate Fortis' M&A (buy‑and‑build) strategy, and support global expansion and infrastructure scaling; terms were not disclosed.
-
October 16, 2024
- Buyer
- Pathstone, Kelso & Company, Lovell Minnick Partners, Pathstone management
- Target
- Hall Capital Partners (Hall Capital)
- Industry
- Wealth Management
- Location
- California, United States
- Type
- Buyout
Pathstone, a partner-owned RIA backed by Kelso & Company and Lovell Minnick Partners, has agreed to acquire Hall Capital Partners to expand its investment capabilities and national footprint. Hall Capital brings roughly $45 billion in assets under advisement, about 180 team members across San Francisco and New York, and the deal will be supported by additional capital from Kelso, Lovell Minnick and Pathstone management.
-
September 13, 2024
- Buyer
- Novvia Group, Kelso & Company
- Target
- Liquid Bottles LLC
- Industry
- Packaging
- Location
- Florida, United States
- Type
- Addon
Novvia Group, a PE-backed global rigid container and life sciences packaging distributor, has acquired Liquid Bottles LLC, a Florida-based supplier of plastic and glass containers and other rigid packaging products. The deal—terms not disclosed—adds a 40,000 sq ft Palmetto, Florida warehouse and management team to Novvia, expanding its product breadth and presence in the Southeastern U.S.; Novvia is backed by private equity firm Kelso & Company.
-
July 11, 2024
- Buyer
- Vālenz Health, Kelso & Company
- Target
- Healthcare Bluebook
- Seller
- Primus Capital
- Industry
- Healthcare Services
- Location
- Tennessee, United States
- Type
- Addon
Vālenz Health has completed its acquisition of Healthcare Bluebook, combining Valenz’s cost containment, payment integrity and care management capabilities with Healthcare Bluebook’s price-and-quality navigation platform. The deal (announced July 2024 and now closed) integrates Healthcare Bluebook into Valenz’s platform to expand member engagement, data-driven value navigation and payment integrity offerings; Kelso & Company is the capital partner for Valenz and Primus Capital was Healthcare Bluebook’s capital partner.
-
- Buyer
- Armada Materials, LLC, Kelso & Company, L.P.
- Target
- Wright Paving Contractors, Inc., Custom Stone, LLC
- Seller
- Wright Companies, Tommy Wright
- Industry
- Infrastructure
- Location
- Tennessee, United States
- Type
- Addon
Armada Materials, a Tampa-based infrastructure materials platform backed by Kelso & Company, has acquired the assets of Wright Paving Contractors, Inc. and Custom Stone, LLC (the "Wright Companies") of Fayetteville, Tennessee. The Wright Companies — which operate asphalt and aggregates production, milling and paving across Pottsville, Shelbyville, and Fayetteville with ~50 employees — will be combined with Armada's existing Volunteer Materials operations to expand Armada's footprint in Middle Tennessee.
Related Acquisition Pages
Packaging Buyers & Acquisitions
18 tracked deals by Kelso & Company.
Healthcare Services Buyers & Acquisitions
6 tracked deals by Kelso & Company.
Financial Services Buyers & Acquisitions
4 tracked deals by Kelso & Company.
Food & Beverage Buyers & Acquisitions
4 tracked deals by Kelso & Company.
Acquisitions in California
7 tracked deals by Kelso & Company.
Acquisitions in Florida
4 tracked deals by Kelso & Company.
Acquisitions in New Jersey
4 tracked deals by Kelso & Company.
Acquisitions in Georgia
3 tracked deals by Kelso & Company.
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