GPB Capital acquires Matrix

By Iris Dorbian — 1 day ago

GPB Capital Holdings has acquired Jacksonville, Florida-based MatrixOneSource, a provider of professional employer organization services to small and medium-sized businesses. No financial terms were disclosed.

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PE-backed Armor Express merges with KDH Defense Systems

By Iris Dorbian — 1 day ago

Michigan-based Central Lake Armor Express, a provider of hard and soft body armor, helmets and other accessories for law enforcement, military and correctional personnel, has merged with Eden, North Carolina-based KDH Defense Systems, a maker of custom solutions for body armor. No financial terms were disclosed. Central Lake Armor Express is backed by Spanos Barber Jesse & Co.

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PE-backed Summit Companies buys Alliance

By Iris Dorbian — 1 day ago

Summit Companies, which is backed by CI Capital Partners, has acquired Tempe, Arizona-based Alliance Fire Protection, a provider of commercial, industrial and multi-family residential fire protection systems. No financial terms were disclosed.

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Tower Arch promotes three

By Iris Dorbian — 1 day ago

Tower Arch Capital has made several promotions: Aubrey Burnett is now principal, Thomas Feveryear has become chief financial officer and Kathy Mickelson is now office manager. Burnett joined the middle-market private equity firm in 2016, Feveryear came on board in 2013 and Mickelson joined in 2014.

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TPG Growth to take majority stake in TRACE

By Iris Dorbian — 2 days ago

TPG Growth has agreed to acquire a majority stake in TRACE, a multi-platform media and entertainment company that connects with multicultural audiences through premium afro urban music and content. No financial terms were disclosed. TPG Growth will invest alongside Evolution Media and Satya Capital. As a result of the transaction, MTG will sell its stake in the company.

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