Commentary

VSS details Pinnacle stake, plus American Securities portco scoops up AI specialist

How Pinnacle Investment Management’s global distribution capabilities prompted VSS Capital Partners to say yes after saying no to other suitors; an American Securities-backed company acquires Smartech; insights from a senior analyst at RSM US on factors to consider to prepare for potential tax changes under the next administration.

Tariffs top of mind for PE dealmakers; Astorg outlines ambitions for assisted reproductive technology platform

The potential impact on PE deals of higher tariffs on goods from China, Canada, Mexico and others; Astorg completes its take-private of Hamilton Thorne; a reminder about our Deal of the Year awards.

Apollo’s Hybrid Value strategy at work in gastroenterology exit; plus, a look at Arlington’s medical device deal

An “Inside the Exit” story on how Apollo helped grow a physician provider network that Cardinal Health agreed to buy; a look at an exclusive about a medical device maker acquired by Arlington Capital Partners; a market update from investment bank Houlihan Lokey on the freight M&A market.

Equistone exits footwear retailer, EQT to sell parcel business, as Raymond James sees distributions pickup

Blackstone, Goldman Sachs, Gryphon scoop up HVAC targets; plus PE firms bet on recycling

An analysis of about 80 deals to uncover trends powering the HVAC services market. We’re opening today’s newsletter with what we learned from these deals; Ember Infrastructure makes an investment in a company focused on metals recovery and recycling.

Keensight Capital in physical security software deal; RedBird’s Bishop Street picks up insurer

Equistone Partners Europe portfolio company Buko Traffic & Safety makes an add on.