Industrials

Blackstone eyeing two big trends – artificial intelligence and the proliferation of cheap weapons – with its latest investment in Falcata; Archimed announces an investment in Organika Health Products; Renovus Capital Partners announces a strategic partnership with Aspire Home Health Care.

Founded in 1971, the Pelham-based company distributes, blends and recycles industrial solvents and specialty chemicals for customers across the Southeastern US.

Falcata meets Blackstone’s thesis of identifying opportunities within supply chain pain points, says David Kaden, a senior managing director at the firm.

Morgan Stanley Capital Partners acquires The Rapid Group and PE Hub catches up with Eric Kanter, a managing director and head of industrial services at MSCP; Brightstar Capital Partners acquires majority stake in Material Handling Group USA; Kian Capital Partners partners with Allen Supply.

Headquartered in Paterson, New Jersey, the company inspects, repairs and maintains pumps, motors, generators and water infrastructure for more than 1,800 customers in the Northeast.

The Canton, Michigan-based business, which began as a Detroit forklift repair shop in 1938, sells, rents and services material handling equipment across Michigan, New York and the Mid-Atlantic.

Apart from TRG, MSCP has Apex Companies, a Maryland-based provider of environmental consulting and engineering solutions, in its portfolio.

CSA designs and manufactures engineered control valves for pressurized water networks, mainly for municipalities and multiutilities.

Gooch & Housego designs and manufactures optical components and subsystems for aerospace and defense, industrial and life sciences customers.