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Private Equity Deals: Platinum Equity Acquires Tangent; Reverence Invests in Eide Bailly

PE Hub •
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Platinum Equity has acquired sustainable building products company Tangent from The Sterling Group, marking a shift in ownership for the eco-friendly manufacturer. The deal represents continued private equity interest in environmental solutions, though specific financial terms were not disclosed in the announcement.

Meanwhile, Reverence Capital Partners backed Midwest accounting firm Eide Bailly, adding to its portfolio of professional services investments. The CPA firm operates across multiple states, serving diverse client bases in the agricultural and healthcare sectors. Reverence typically focuses on founder-led businesses with strong growth potential.

These transactions reflect broader private equity trends toward sustainable businesses and professional services firms. The building products sector has attracted consistent investor attention as construction activity recovers, while accounting firms benefit from regulatory complexity and outsourcing demand. Both deals demonstrate middle-market private equity activity remaining steady despite market volatility.

PE Hub has tracked both opportunities as part of ongoing coverage of private equity dealmaking. The transactions closed during an active period for platform acquisitions in business services and manufacturing sectors.