Deals in brief

Audax Private Equity’s AKAM adds New York property manager Matthew Adam Properties

Founded more than 30 years ago, Matthew Adam Properties manages 85 residential, commercial and office buildings across New York City.

Rockbridge Growth Equity’s FormativGroup acquires AI and technology consultancy Saige Consulting

Saige helps public and private sector organizations modernize their operations using cloud, data, AI and workflow automation, taking clients from strategy through software engineering and implementation.

Blackford Capital’s Habco acquires century-old Virginia electrical contractor EG Middleton

EG Middleton employs about 120 people, including more than 100 electricians, and works for customers such as the US Navy, Dominion Energy and Newport News Shipbuilding.

GenNx360 closes $285m Churchill-led continuation fund for Whitsons Culinary Group

Whitsons, based in Hauppauge, New York, provides customized dining services and prepared meals to schools, residential healthcare facilities and commercial customers.

BBH Capital Partners takes minority stake in loan servicer Goal Solutions

Goal Solutions provides loan servicing, asset management, SPV administration and analytics across the consumer finance lifecycle, and its leadership team has managed more than $48 billion in consumer assets.

Ara Partners takes majority stake in crop residue harvester Pacific Ag

Founded in 1998, Pacific Ag collects corn stover, wheat straw and other harvest leftovers from farms in more than 30 US states and supplies them to dairies and mushroom growers.

Blackstone inks $1.5bn sale of ZO Skin Health to Galderma

ZO Skin Health, founded by dermatologist Zein Obagi, generated about $330m in net sales in the 12 months to June and sells more than 40 products in over 40 countries.

Searchlight Capital hires Investcorp’s Sebastian Inger as partner in London

Sebastian Inger has more than 15 years of investment experience across private equity and corporate finance.

PSG Equity backs Be-Cloud and QualityHosting combination to create pan-European cloud platform

Be-Cloud and QualityHosting provide Microsoft cloud and managed services to SMBs and IT partners across France, DACH and the Benelux.

Terminus Capital Partners takes majority stake in agtech software provider PickTrace

PickTrace makes workforce management, labor compliance and operations software for agriculture, and was founded by two brothers who grew up working on their family’s farm in Southern California.