Funds affiliated with merchant bank BDT & MSD Partners agreed to acquire a majority stake in Sunrise Senior Living from the Public Sector Pension Investment Board, partnering with CEO Jack R. Callison, Jr. and the senior leadership team. Sunrise operates more than 230 communities across the U.S. and Canada serving over 22,000 residents, with a development pipeline of more than 50 communities costing roughly $7.5 billion. Terms were not disclosed.
Kohlberg acquired a majority interest in automation and control provider Advanced Industrial Devices from Black Bay Partners, with management retaining significant ownership; terms undisclosed.
The Sterling Group's lower middle market Foundation Fund has acquired Slingmax Group, an Aston, Pennsylvania-based manufacturer and distributor of engineered slings and rope solutions for lifting, pulling and securing. Seller River Associates built the platform from Yale Cordage in 2020, adding I&I Sling and Slingmax in 2023 and Wisconsin Lifting Specialists in June 2026; the deal closed September 30 and is River's fourth exit of 2026.
European life sciences investor Samfara completed its first investment, acquiring controlled-substance API manufacturer Chr. Olesen Synthesis from Chr. Olesen and funds managed by Signet Healthcare Partners on undisclosed terms.
Quad-C-backed SEI Group bought Greenhome Specialties, a West Haven, Utah insulation installer, marking SEI's first entry into Utah and its 17th acquisition since its 2021 recapitalization.
Norlee Group, a Heartwood Partners portfolio company, acquired Hickory, North Carolina-based industrial electrical contractor IEM Electric in its eighth add-on since Heartwood's investment.
Middle-market private equity firm Aurora Capital Partners acquired Softdocs, a provider of cloud-based enterprise content management and workflow automation software purpose-built for higher education, K-12 and government institutions. Aurora partner Rob Fraser cited Softdocs' strong market position and specialized expertise, with plans to accelerate new capabilities and expand reach. CEO Adam Park will continue leading the company. Financial terms were not disclosed.
Diversis Capital acquired majority ownership of terminal operating system provider Tideworks Technology, which serves more than 130 facilities globally, from Blackstone-backed Carrix.
European life sciences investor Samfara completed its first investment, acquiring controlled-substance API manufacturer Chr. Olesen Synthesis from Chr. Olesen and Signet Healthcare Partners funds; terms undisclosed.
Banner Capital formed Seaway Group and agreed to acquire Seaway Plastics Engineering, MME Group and Wright Engineered Plastics, with Seventeen Capital co-investing and Ron Labrum as executive chairman.
Chicago-based private equity firm Prairie Capital acquired California specialty blood products company Seraplex, adding it to a consortium of biospecimen businesses.
H.I.G. Capital completed the sale of Pinalli, Italy's leading omnichannel beauty and personal care chain, to private investment group Borletti after growing the store network from 63 to 108 locations since 2023.
H.I.G. Capital completed the acquisition of Arco Limited, the UK's largest safety equipment distributor, founded in 1884 and serving infrastructure, defence, utilities and healthcare customers.
Toledo-based Clean Team, a commercial cleaning and janitorial provider with 18 branches across the Midwest and Southwest, received an investment from Blue Sage Capital and will continue its M&A growth strategy.
Health and wellness-focused private equity firm Manna Tree made a majority investment in Zambezi, an independent Los Angeles creative agency, on undisclosed terms.
Harrison Street Asset Management agreed to acquire a majority equity position in Vicinity Energy, the largest U.S. district energy provider, from Antin Infrastructure Partners, valuing the platform at a $2.92 billion enterprise value. Kenon Holdings is taking a 25% stake for roughly $450 million alongside Harrison Street funds, with lenders committing up to $1.4 billion of non-recourse debt. Boston-based Vicinity serves 700-plus customers across about 1,000 buildings in 12 cities.
Industrial Growth Partners completed the sale of Prince & Izant to TransDigm Group for $1.066 billion, with the transaction closing September 28. The Cleveland-based maker of brazing alloys, precious metal components and clad metal solutions serves aerospace, defense, medical and power generation markets. IGP recapitalized the company in 2022 and more than doubled EBITDA through three add-on acquisitions.
H.I.G. Capital acquired Arco Limited, the UK's leading distributor of safety equipment and site safety services, founded in 1884; terms were not disclosed.
H.I.G. Capital completed the acquisition of Torque Holdings, a UK omnichannel fulfilment and supply chain services provider, in partnership with management, which stays on to lead.
Inverness Graham announced a majority recapitalization of EasyLlama, a governance, risk and compliance platform serving more than 5,500 small and mid-sized businesses; terms undisclosed.