Private Equity 8 Hours

Last updated: July 13, 2026, 5:30 PM ET

Private Equity Dealmaking and Portfolio Moves

Private equity firms announced a series of strategic acquisitions and exits across various sectors. Warburg Pincus-backed Bond Vet has merged with Small Door Veterinary, creating an entity that will oversee more than 55 clinics in the Northeast, Mid-Atlantic, and Midwest. In the energy sector, Atlas Holdings-backed Stryten Energy acquired KPS Capital Partners-backed C&D Trojan Battery, expanding its footprint to 15 battery manufacturing and component facilities across the U.S. with 3,700 employees. AE Industrial Partners bolstered its specialty materials platform with the acquisition of powder spray producer Powder Alloy. Broadwing-backed Lehr continued its expansion with its tenth add-on acquisition, picking up emergency vehicle upfitting assets from Pro Logic ITS. Meanwhile, Wynnchurch Capital achieved a significant exit, selling its flow control specialist Flo Works to Ferguson for $1.6 billion, representing a 10x LTM adjusted EBITDA multiple including expected synergies of approximately $45 million. In the lower mid-market, Mill Point Capital completed its acquisition of Total Safety Supplies & Solutions from Littlejohn & Co.'s portfolio company.

Secondaries and GP Financing

The private equity secondaries market saw key personnel movements as advisory firms. Ardea Partners has appointed a managing director from PJT Partners to spearhead its secondaries advisory efforts. Moelis & Company is building out its LP-led secondaries business by hiring a team from Evercore, including a vice-president who will join as a managing director. On the fund financing front, Arctos Partners, utilizing a "self-liquidating" approach that is expected to remain a relevant fundraising tool. Additionally, Comvest Private Equity has rebranded itself as Vesterra Capital Partners.