Deals in brief

American Securities and CD&R completes sale of Foundation Building Materials to Lowe's

FBM has over 370 locations across the US and Canada.

Halifax Group promotes Jamie Cavanaugh to managing director

He was previously a principal at the firm.

TSCP-backed PestCo snaps up Arizona's Best Choice Pest & Termite Services

Based in St. Louis, Missouri, PestCo is a provider of pest control services to residential and commercial customers.

Keensight-backed Nomios to acquire Intragen from FPE

Intragen is an identity and access management specialist.

PSG invests in LLM developer Mistral AI

The strategic partnership will help accelerate the creation and integration of verticalized LLMs and agentic AI tools within PSG’s portfolio.

Niobrara Capital invests IT services provider Noventiq

Noventiq is a provider of digital transformation and cybersecurity services.

Deep-tech VC Wave Function Ventures raises $15m for Fund I

The solo-GP-led firm invests in the earliest stages of companies operating in 'critical deep tech sectors.'

Race Rock acquires Stephens Group-backed Spitzer Industries

Headquartered in Houston, Spitzer is a provider of engineered equipment and modular solutions for energy and industrial markets.

MidOcean-backed Smith Systems acquires fleet analytics provider Utillimarc

Based in Arlington, Texas, Smith System is a driver safety training provider.

Partners Group bolsters North American footprint with Montreal office

The Montreal office builds on Partners’ existing presence in Canada, where the firm opened its Toronto office in 2019.