5 PE backed food focused deals; plus a healthy demand for renewable energy on commercial properties

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5 PE backed food focused deals; plus a healthy demand for renewable energy on commercial properties

Good morning dealmakers, thank goodness it’s Friday!

It’s Obey Martin Manayiti here with the Wire.

Today we are capping off the week with five lower-mid-market private equity-backed deals involving food services for a wide range of institutions from colleges to sports venues.

Earlier in the week, I also revisited ArcLight Capital Partners’ recent carveout of some of Duke Energy’s assets in an interview with the firm’s managing director, Marco Gatti.

But first, let’s look at recent deals.

Expert witness

The Vertex Companies, a portfolio company of Wind Point Partners, has acquired Chicago-based Breakwater Forensics, an expert witness and business consulting firm.

Vertex provides forensics, engineering, construction project advisory, and environmental consulting. Established in 2019, Breakwater’s areas of expertise include commercial damages, forensic accounting, fraud investigations, business valuations, government contracts, construction contract claims (delay and disruption), intellectual property and insurance.

Let’s hit the road

MEI Rigging & Crating, a portfolio company of Olympus Partners, has acquired two North Carolina-based companies: Pro-Pac, a specialty rigging, transportation and export crating supplier and sister company J&J Machinery Transport, a provider of heavy haul equipment transport.

MEI Rigging & Crating is a provider of rigging, machinery moving, millwrighting, mechanical installation, industrial storage, crating and export packing services.

Let’s get some snacks!

In the first half of the year, PE Hub saw a slew of lower-mid-market private equity-backed deal announcements involving food services for a wide range of institutions from colleges to sports venues.

My colleague Rafael Canton rounded up five deals.

Subscribe to the premium version of the Wire to get more details.

Commercial distributed energy

Heightened demand for renewable energy to lower costs and reduce carbon emissions is opening opportunities for ArcLight Capital Partners, managing director Marco Gatti told me in an interview.

Earlier in July, the Boston PE firm agreed to acquire part of Duke Energy’s commercial distributed energy business for $364 million. The assets include REC Solar and distributed fuel cell projects managed by Bloom Energy.

That’s it for me today.

I will be back with the newsletter on Monday.

Have a nice weekend.

Cheers,

Obey

Read the full wire commentary on PE Hub ...

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