Industrial Service Solutions buys IPEC, Industrial Scaffolding

By Luisa Beltran — 9 hours ago

Industrial Service Solutions has acquired IPEC LLC and Industrial Scaffolding Group LLC. Financial terms weren’t announced. IPEC, of Fort Myers, Florida, is a heavy industrial mechanical contractor while Industrial Scaffolding provides scaffold rentals, erection and dismantling services throughout the U.S. Industrial Service Solutions is backed by the Edgewater Funds and JZ Partners. Generational Equity advised IPEC LLC.

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TA Associates invests in Aldevron

By Luisa Beltran — 9 hours ago

TA Associates has made a growth investment in Aldevron. Financial terms weren’t announced. Aldevron, of Fargo, North Dakota, makes biologics for research, clinical and diagnostic applications. Vogel LLP served as legal counsel to Aldevron and Kirkland & Ellis LLP served as legal counsel to TA Associates.

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Clearlake completes Landesk buyout

By Iris Dorbian — 1 day ago

Clearlake Capital Group has closed its previously announced acquisition of Salt Lake City-based Landesk, a management software provider, from Thoma Bravo. No financial terms were disclosed. Clearlake will merge Landesk with portfolio company Heat Software. The combined entity will be called Ivanti.

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H.I.G. invests in Spain-based apartment complex Valle Romano

By Iris Dorbian — 1 day ago

H.I.G. Capital has made an investment in a Spain-based real estate asset consisting of Valle Romano, an apartment complex based in Estepona, Málaga. Valle Romano is comprised of 430 apartments that include facilities such as swimming pools, gyms and restaurants. No financial terms were disclosed.

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Francisco Partners sells Source Photonics

By Iris Dorbian — 1 day ago

A private equity investor base led by Redview Capital and Asia-IO has acquired West Hills, California-based Source Photonics, a provider of optical modules and components. The seller was Francisco Partners. Also participating in the consortium are TR Capital, Axiom Asia and Aberdeen Asset Management. No financial terms were disclosed. Evercore and CITIC Securities provided financial advice to Source Photonics on the transaction.

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Sageview invests in NAM

By Iris Dorbian — 4 days ago

New York-based National Arbitration and Mediation, a provider of alternative dispute resolution services, has secured a “significant” amount of funding. The investor was Sageview Capital.

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