Deals in brief

Vision Ridge acquires electric utility firm FortisTCI

In connection with the ownership transition, the company has rebranded as Pelican Energy TCI.

Flexpoint Ford recruits Steve Baranowski as CFO

He is based in the Chicago office.

Eir Partners-backed Gifthealth acquires health tech firm Occam Health Services

Gifthealth is a Columbus, Ohio-based digital pharmacy.

PE-backed ADL Final Mile scoops up logistics services firm DMC

ADL Final Mile is an Omaha, Nebraska-based final mile delivery company.

Neuberger Berman invests in risk management software provider Sphera

Sphera’s existing investor Blackstone will retain a majority stake in the company.

Fondaction-led group backs Temple Lifestyle's buy of Rise Kombucha

Rise crafts organic, unpasteurized kombucha packed with probiotics to support everyday wellness.

Generate appoints David Crane as CEO

Crane will succeed Generate co-founder Scott Jacobs, who has served as CEO for more than a decade.

HIG-backed Iron Bow sells telehealth unit SoldierPoint to WCAS portfolio company GovCio

Based in Herndon, Virginia, Iron Bow is an IT solutions provider.

Banyan Capital-backed Purity Life buys assets of Horizon, PSC, ONFC

All three companies are distributors of organic and natural food products in Canada.

Shine Capital promotes Ethan Daly to GP

He is based in New York City.