AEI, Godspeed add on; Searchlight invests in high-speed internet

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AEI, Godspeed add on; Searchlight invests in high-speed internet

Good morning, Hubsters. MK Flynn here with the Wire.

Welcome back from Memorial Day weekend. I appreciated the holiday as an opportunity to remember those who protect us and as an opportunity to celebrate the unofficial start of summer.

To borrow a term from baseball, it’s the season of “small ball.”

With dealflowsluggish, private equity firms are paying more attention to add-ons than ever before, and so are we.

This morning, we’re sharing details about portfolio company acquisitions from AE Industrial Partners and Godspeed Capital.

And we’ve got a Deep Dive into Searchlight Capital Partners’ latest foray into high-speed internet.

Let’s start with the add-ons announced today.

Safety first

Altus Fire and Life Safety, backed by AE Industrial Partners, has acquired York, Pennsylvania-based Crime Intervention Alarm, a provider of installation, monitoring, inspection and service for security and surveillance systems, access control and fire systems.

Subscribers to the premium version of the Wire may read more about the deal, including why Altus made the acquisition.

Core customers

SilverEdge Government Solutions, backed by Godspeed Capital, has acquired Gardetto Engineering, a Hanover, Maryland-based engineering services provider that specializes in digital design, hardware design and systems engineering.

Subscribers will find more on the deal on our website.

Critical infrastructure

“Before the pandemic, many viewed broadband service as a tool to effectively stream Netflix and other entertainment services,” Darren Glatt, partner and co-head of infrastructure investing at Searchlight Capital Partners, told PE Hub’s Rafael Canton.

“Now, most realize that high-speed broadband is a critical form of infrastructure to facilitate basic everyday functions, such as business communication, education, telehealth, of course, entertainment and streaming, among other purposes. This is a trend on which we as a firm have been focused for a very long time.”

To read about Searchlight’s strategy and its latest investment, subscribe to the premium version of the Wire.

ChatGPT anyone?

At PE Hub, we’d love to hear how you’re looking at generative AI in your dealflow.

Have you started taking advantage of the technology yet in your deal sourcing and/or due diligence? How do you plan to counteract the errors the technology will inevitably make with human intervention?

I’d love to hear your thoughts on how you’ll be using AI in your dealflow.

Email me at mk.flynn@peimedia.com.

I’ll sign off on that note and I’ll be back with more tomorrow.

All the best,

MK

Read the full wire commentary on PE Hub ...

Also of note (may require subscriptions)

Goldman Sachs Asset Management’s co-head of Asia-Pacific private investing is spending less time in the US when raising capital for Asia-Pacific. (Private Equity International)

Benjamin Revillon, BEX Capital‘s founder and chief investment officer and a pioneer of the trading of second-hand stakes in fund of funds and secondaries funds, has passed away. (Secondaries Investor)

Wise Equity’s exit from racing car company Tatuus Racing is coming later than expected, after even the resilient motorsport segment stalled when the coronavirus pandemic hit. But the strong performance of the sector since that initial delay meant the wait was worthwhile, partner Fabrizio Medea and principal Alessio Riccioni at the private equity firm told PE Hub Europe.

PE Hub Europe spoke to senior figures across the private equity industry to find out their outlook for the healthtech sector, where valuations are going and which sub-sectors to look out for.