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Blackstone Nears $400m Exit for RGIS Israel Deal

PE Insights •
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Fortissimo Capital is in advanced talks with Blackstone to acquire a controlling stake in part of RGIS’s operations outside North America, valuing the deal at roughly $400 million. The Israeli private‑equity fund would take over the company that owns RGIS’s Israeli arm, ISIC‑RGIS, which supplies inventory‑counting and merchandising services to supermarkets, pharmacies, and industrial clients.

RGIS, founded in Michigan in 1958 by Thomas Nicholson, grew from a supermarket inventory service to a global leader дисп. Blackstone bought the firm in 2006 for about $1.5 billion and expanded it into 66 countries. The fund has been restructuring the business for the past few years, selling its U.S. and Canada operations in 2021 and gaining a 95% stake in Europe’s Ivalis Group.

Fortissimo’s deal would be its second transaction with Blackstone after acquiring a 70% stake in Priority Software for $800 million in 2024. The Israeli firm, managed by Yuval Cohen, has raised around $2.7 billion and is the country’s second‑largest private‑equity player.

The exit marks an unusually long holding period for a PE firm, as Blackstone typically divests after 10–12 years. By focusing on markets beyond North America, RGIS is positioning itself for further monetisation in Europe and the Asia‑Pacific.