Tracked deals
26
26 tracked deals across 2019-2026.
Private Equity Firm
Other
New State Capital Partners
Larchmont, New York, United States
Entrepreneurial-minded private equity firm that invests in market-leading companies with up to $40M of EBITDA. Based in Larchmont, New York, with a relationship-focused approach to partner with management teams.
- Focus Areas
- Private equity investing (middle-market)
- Website
- www.newstatecp.com
Recent pace
5
5 tracked deals announced in the last 12 months.
Deal mix
Addon
13 addon · 10 buyout · 1 divestiture
New State Capital Partners Acquisition Volume by Year
Last 8 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
Showing the 12 most recent of 26 tracked deals for New State Capital Partners.
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April 8, 2026
- Buyer
- Harrell-Fish, LLC, New State Capital Partners, Amethyst Capital Group, LLC
- Target
- Ecofriendly Mechanical
- Industry
- Industrial Services
- Location
- Indiana, United States
- Type
- Addon
Harrell-Fish, LLC (HFI) acquired Ecofriendly Mechanical, a family-owned sustainable HVAC and plumbing contractor based in Bloomington, Indiana. The companies said the deal will enhance Harrell-Fish’s capabilities in energy-efficient mechanical solutions while Ecofriendly’s management team—including CEO Andy Hardisty—will remain in place. Financial terms were not disclosed.
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- Buyer
- Universal Plant Services, New State Capital Partners
- Target
- Mechanical Solutions Inc.
- Industry
- Industrial Services
- Location
- New Jersey, United States
- Type
- Addon
Universal Plant Services (UPS), a specialist in rotating and reciprocating equipment services, acquired Mechanical Solutions Inc. (MSI), an engineering firm focused on fluid machinery and turbomachinery systems. The acquisition is intended to expand UPS’s technical and engineering capabilities by integrating MSI’s diagnostics and analytical expertise with UPS’s field services and outage execution. Financial terms were not disclosed.
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- Buyer
- New State Capital Partners
- Target
- Vast Coworking Group
- Seller
- United Franchise Group
- Industry
- IT Services
- Location
- Florida, United States
- Type
- Buyout
New State Capital Partners acquired Vast Coworking Group in a carve-out from United Franchise Group. Vast operates a network of more than 200 coworking locations across three brands (Venture X, Office Evolution, and Intelligent Office) and will continue to scale its franchise network under CEO Jason Anderson. Financial terms were not disclosed.
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January 9, 2026
- Buyer
- The Blackhawk Group, New State Capital Partners
- Target
- Silver Sky Aviation
- Seller
- Aaron McCarty (owner and founder of Silver Sky Aviation)
- Industry
- Aerospace & Defense
- Location
- Alaska, United States
- Type
- Addon
The Blackhawk Group, a portfolio company of New State Capital Partners, has acquired Silver Sky Aviation of Wasilla, Alaska, expanding TBG's Performance Center Network into Alaska. The acquisition adds a sixth Performance Center location and strengthens TBG's turboprop maintenance and performance capabilities; terms were not disclosed.
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- Buyer
- New State Capital Partners, Amethyst Capital Group, LLC
- Target
- Harrell-Fish Inc.
- Seller
- Existing owners
- Industry
- Construction
- Location
- Indiana, United States
- Type
- Buyout
New State Capital Partners has completed a majority investment in Harrell-Fish Inc., a Bloomington, Indiana-based mechanical contractor, in partnership with Amethyst Capital Group. The existing owners retained significant equity and will remain with the company as New State positions HFI as a platform for organic growth and add-on acquisitions to expand geographically across the Midwest and beyond.
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September 10, 2025
- Buyer
- Hudson Glade, New State Capital Partners, Energy Impact Partners, GarMark Partners
- Target
- ComNet Communications
- Industry
- Electrical Services
- Location
- Connecticut, United States
- Type
- Buyout
Hudson Glade acquired ComNet Communications, a Bethel, Connecticut-based provider of low-voltage infrastructure solutions, in its second platform investment; terms were not disclosed. Hudson Glade partnered with New State Capital Partners on the transaction, with financing and support provided by Energy Impact Partners and GarMark Partners, and plans to expand ComNet’s presence in the data center market, deepen customer relationships, invest in sales, and pursue strategic acquisitions.
-
April 29, 2025
- Buyer
- PAX Services Group, New State Capital Partners
- Target
- Culbertson Company of Virginia, LLC
- Industry
- Construction
- Location
- Virginia, United States
- Type
- Addon
PAX Services Group, a New State Capital Partners portfolio company, has acquired Culbertson Company of Virginia, a commercial roofing, restoration and masonry contractor serving schools, hospitals and other institutional clients in the Mid‑Atlantic. The add‑on expands PAX’s building‑envelope capabilities and regional capacity; terms were not disclosed.
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March 27, 2025
- Buyer
- PAX Services Group, New State Capital Partners
- Target
- Hi-Tech Roofing & Sheet Metal
- Seller
- Mike Daley / Hi-Tech Roofing & Sheet Metal management
- Industry
- Construction
- Location
- Florida, United States
- Type
- Addon
PAX Services Group, a portfolio company of New State Capital Partners, has acquired South Florida–based Hi-Tech Roofing & Sheet Metal. The acquisition expands PAX's presence in Florida and adds Hi-Tech's commercial, industrial, and institutional roofing and sheet metal capabilities to PAX's building envelope platform; Hi-Tech's management, including owner Mike Daley, will remain with the business.
-
- Buyer
- The Blackhawk Group, New State Capital Partners
- Target
- Glendale Aero Services (MRO business)
- Seller
- Glendale Aero Services
- Industry
- Aerospace & Defense
- Location
- Arizona, United States
- Type
- Addon
The Blackhawk Group, a portfolio company of New State Capital Partners, has acquired the Maintenance, Repair, and Overhaul (MRO) business of Glendale Aero Services and will rebrand the operation as a Blackhawk Performance Center (BPC-Glendale). The acquisition expands The Blackhawk Group’s Performance Center network and adds specialized Cirrus SR/Vision Jet and Cessna MRO, CAPS and avionics capabilities; Glendale’s Director of Maintenance, John Fisher, will remain in place. Terms were not disclosed.
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September 26, 2024
- Buyer
- New State Capital Partners, Panos Partners, Management of The Expo Group, Existing owners of The Expo Group
- Target
- The Expo Group
- Seller
- Existing owners of The Expo Group, Management of The Expo Group
- Industry
- Marketing & Advertising
- Location
- Texas, United States
- Type
- Buyout
New State Capital Partners has acquired a majority stake in Irving, Texas-based The Expo Group, a provider of trade show and live event services across North America. The investment was made in partnership with Panos Partners and with reinvestment from The Expo Group's management and existing owners; New State plans to support organic growth and accelerate the company's trajectory through strategic M&A.
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September 24, 2024
- Buyer
- PAX Services Group
- Target
- Consolidated Coatings, Inc.
- Industry
- Industrial Services
- Location
- Maryland, United States
- Type
- Addon
PAX Services Group acquired Baltimore-based Consolidated Coatings, expanding PAX’s building-envelopes restoration capabilities in the Baltimore/DC region. Consolidated Coatings’ management team will remain with the business, and terms were not disclosed.
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August 14, 2024
- Buyer
- New State Capital Partners, APEX Capital Partners
- Target
- Universal Plant Services (rotating equipment segment)
- Seller
- Jones Industrial Holdings
- Industry
- Industrial Services
- Location
- Texas, United States
- Type
- Divestiture
New State Capital Partners, with partner APEX Capital Partners, acquired the rotating equipment segment of Universal Plant Services from Jones Industrial Holdings. The rotating segment will continue to operate under the Universal Plant Services brand and remain headquartered in Deer Park, Texas, with current management remaining in place. New State said the business will serve as an anchor investment for a broader industrial aftermarket platform while JIH retains the non-rotating, instrument & electrical, and manufacturing installation segments.
Related Acquisition Pages
Construction Buyers & Acquisitions
6 tracked deals by New State Capital Partners.
Aerospace & Defense Buyers & Acquisitions
5 tracked deals by New State Capital Partners.
Industrial Services Buyers & Acquisitions
4 tracked deals by New State Capital Partners.
IT Services Buyers & Acquisitions
3 tracked deals by New State Capital Partners.
Acquisitions in Texas
5 tracked deals by New State Capital Partners.
Acquisitions in Florida
3 tracked deals by New State Capital Partners.
Acquisitions in New Jersey
3 tracked deals by New State Capital Partners.
Acquisitions in Indiana
2 tracked deals by New State Capital Partners.
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