michaelschoeck

Exclusive: Baird Capital to test buyout market for water treatment firm Cleanwater1, sources say

Cleanwater1 could fetch a 15x-17x EBITDA multiple at exit, based on $40m of recent year EBITDA.

Exclusive: Copley Equity to test market for civil and structural engineering firm LJB, sources say

The Boston-based PE firm could see bids come in valuing the target at 12x-14x EBITDA

Audax advances bidders into second round of sale process for Nextech, sources say

Bidders have expressed interest in acquiring the commercial HVAC company at 15x EBITDA, valuing the company at $1.5bn

Business services attractiveness, grade-B portco exits are top of mind at DealMax; Macquarie-led group exits Cleco to Stonepeak and Bernhard Capital

Highlights from DealMax 2026; a weekly companies-for-sale update; looking at Macquarie’s announced sale of Louisiana electric utility Cleco to Stonepeak and Bernhard Capital.

JP Morgan’s John Burns points to stronger volume of companies coming to market in DealMax preview; FTV invests in business credit AI software firm

A DealMax preview, with an exclusive Q&A with John Burns, managing director and head of mid-cap financial sponsors group at JP Morgan; the weekly companies-for-sale update; a fresh fintech deal involving FTV Capital, as the firm is making a growth investment in an AI software company for business credit professionals.

Exclusive: HIG to take first-round bids for Capstone Logistics in next few weeks, sources say

At $215m of EBITDA, a source said Capstone may be too large for a strategic buyer, leaving it open to a number of PE buyers.

Quad-C-backed Vortex bolts on water-main service company Mainlining America

The target will operate under Vortex Water as part of the company's U.S. operations

Concentric-backed Collective Waste scoops up Straight Flush Rentals

Collective Waste says the addition of Straight Flush’s assets brings added depth to its service offerings

Exclusive: Gryphon to test market for fire safety platform Jensen Hughes, sources say

Gryphon could get a valuation of $1.5bn or more for Jensen Hughes, based on recent EBITDA multiples for fire safety providers, one source said.

Industrial deals 'skittish to launch' and taking longer to close, say investment bankers; companies for sale update

Excerpt from a deep dive on the challenges facing transaction pros in industrials M&A as a result of oil price volatility stemming from the US/Israel-Iran conflict; the weekly companies-for-sale update, highlighting a trend in industrials deals: strategic buyers are prevailing over private equity firms.