Private equity firm Peak Rock Capital has agreed to acquire the employee health and safety software business of UL Solutions, a Chicago-based safety science company. The deal marks Peak Rock's latest expansion into the software sector, though financial terms were not disclosed in the announcement.

The software business provides workplace safety management solutions to help organizations monitor compliance, track incidents, and maintain health and safety standards. UL Solutions has been expanding its digital offerings as part of a broader strategy to modernize its safety science portfolio and create new revenue streams beyond traditional testing and certification services.

This acquisition aligns with Peak Rock's investment strategy of targeting software businesses with recurring revenue models and operational improvement opportunities. The firm has been actively deploying capital in the current market environment, focusing on companies that can benefit from its operational expertise and industry relationships. The transaction is expected to close subject to customary regulatory approvals.