US

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.

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.

Apollo expected to launch $5bn sports vehicle; Verlinvest is taking Insomnia Cookies into train stations and airports

Also, Blackstone portfolio company Legence has launched the roadshow for its proposed IPO.

Gemspring-backed Bradford picks up personal care products manufacturer Solo Labs

Bradford is a Rhode Island-based manufacturer of solid personal care products.

KKR taps Adam Selipsky as senior tech and AI strategy advisor

In his role at KKR, Selipsky will advise on strategy, capital allocation, and governance for the firm’s real assets business.