Obey Martin Manayiti

When EnCap Flatrock bought the business in 2018, it was connected to seven transportation lines. At the time of exit, it had increased that downstream access to 14 lines.

The consortium of investors making the 20% minority investment include Abu Dhabi Investment Authority, Bain Capital, Flexpoint Ford, Ares Management and the State of Wisconsin.

FTV and Bregal Sagemount are taking a minority stake while Neptune CEO and the management team return a majority ownership.

Serent bets on govtech.

Last week, Bernhard Capital Partners announced it is acquiring the federal and defense services business of VSE Corporation.

Private equity goes bullish over event management.

General Atlantic and EagleTree have also invested in event-services providers recently.

The combined entity brings together 15 managed service providers, covering 'all major corridors of the Canadian market.'

'Scaled operators have been able to grow 5x industry average over the past five years, consistently driving double digit organic growth,' said MSCP's Adam Shaw.

PE goes bullish over the HVAC sector.