michaelschoeck

Companies-for-sale activity looks healthy, heading into Q4

Business services, healthcare services and industrials have been the most active sectors for company-for-sale activity this year

Blackstone targets liquid cooling with FCH; FFL scoops up office of the CFO biz Waylin Partners

Blackstone agrees to acquire a provider of data center cooling services and components; FFL Partners completes investment in a provider of services focused on the office of the chief financial officer of private equity-backed companies; a companies-for-sale update.

JPMorgan’s David Sweet talks ‘battleship defensibility’ of fire safety platforms; KKR’s Industrial Physics scoops up electrical testing firm from Branford Castle

Talking with JPMorgan business services banker David Sweet to go over the fire protection and life safety market and the high valuations PE firms are paying for companies in the space; KKR-backed Industrial Physics acquires an electrical testing and measurement equipment company from Branford Castle Partners; a companies-for-sale update.

Fire safety platform valuations forecast to hold heights: JPMorgan’s David Sweet

The total addressable market is $150bn for fire safety add-ons, split evenly between fire safety and alarm systems, according to JPMorgan.

TJC to bring Dental365 to potential buyers, sources say; Apax sells residential warranties company OnCourse to Genstar

TJC to launch a sale process for a dental services company active in eight states; the weekly update on companies coming to market, highlighting two exits involving Apax Partners and Baird Capital portfolio companies.

Thoma Bravo to take risk exchange biz Accelerant private for $4bn; New Mountain latest to make fire safety play with Jensen Hughes deal

Amberjack Capital closes carve-out of Flowserve's PNV Automation group

The deal was announced on May 7 and includes PMV's Houston, Texas and Solna, Sweden facilities

Bernhard Capital to take private Bowman Consulting Group for $1bn

Bowman will be permitted to actively solicit, consider and negotiate alternative acquisition proposals from third parties during a 35-day “go-shop” period

New Mountain to acquire fire safety provider Jensen Hughes from Gryphon

Jensen Hughes provides mission-critical, compliance-driven engineering and consulting services to facility owners, architects and engineers, and nuclear utilities

Sunoco to acquire Court Square-backed oil transporter Offen Petroleum for $600m

The target operates a fuel distribution network delivering approximately 2.5 billion gallons annually serving approximately 7,000 customers