michaelschoeck

Exclusive: Littlejohn & Co to acquire railroad engineering company RailPros from Court Square

Sources told PE Hub that Court Square was expecting to receive a double-digit EBITDA premium for the $50m EBITDA company.

Providence Equity adds live music logistics provider GCL to its roster; JC Flowers to take debt collection agency public

Highlighting a deal from Wednesday in the freight and logistics market involving a company we reported was for sale in April; a weekly round-up of PE Hub’s ongoing companies-for-sale coverage, highlighting the logistics and industrials market as safe bets for 2025 exits; an IPO announcement involving a consumer credit collections agency.

Exclusive: Sterling Group sells West Star Aviation to Greenbriar in fourth exit of 2025

Sterling acquired West Star in early 2022 from Norwest Equity and grew the company with two add-on deals.

Investcorp nets 4x return on Resa Power; Blackstone to take TXNM Energy private in $11.5bn deal

Blackstone Infrastructure Partners’ announced acquisition of the largest New Mexico regulated utility provider; a recent exit by Investcorp of a power services company that we scooped was for sale earlier this year; another power services deal involving a Gryphon Investors portfolio company which announced an add-on of a Birmingham, Alabama electrical engineering firm.

Investcorp’s Amit Gaind cites electrification, employee ownership for Resa Power’s 4x growth

Investcorp saw Resa Power‘s EBITDA grow to about $90m over the three-year hold thanks to a confluence of factors, including the ‘electrification of everything‘ trend.

EisnerAmper, Wipfli said to seek new PE investors; Companies for sale activity picking up

A look at the latest “On the block” monthly report, which focuses on the certified public accounting or CPA market; highlighting an exit of a workplace wellbeing service provider to a Canadian strategic; a companies-for-sale update, which highlights a Q2 uptick.

EisnerAmper, Wipfli hope to attract new PE investments, sources say

Six of the top 20 US CPA firms are currently backed by PE investors, including Apax, Audax, Blackstone, Hellman & Friedman, New Mountain and TowerBrook Capital.

LS Power sells $12bn power generation portfolio to NRG; TSG among PE firms picking up gym chains

Highlighting a $12 billion deal involving LS Power Equity Advisors selling a natural gas power and virtual power plant portfolio to a strategic buyer; private firms are also building their investment strategies in fitness and gym brands, and we’ll look at a new deal with TSG Consumer Partners.

Arlington Capital seeks bank for sale of aerospace parts maker Forged Solutions; Companies for sale activity rises in Q2

An aerospace, defense and government services-focused PE firm that is interviewing banks for the sale of a 2019 aerospace parts portfolio company; a companies-for-sale update, highlighting a bump up in companies to be testing the market in the near-term; two new energy deals involving Texas upstream and midstream companies.

Arlington Capital seeks bank to shop aerospace parts maker FSG, sources say

The PE firm could fetch $600m-$900m in sale proceeds for FSG.