American Pacific Group Acquires Spark Power Group Inc.

KKR, Ontario Teachers' and PSP Investments Acquire Spark Infrastructure

December 22, 2021

Utilities

A consortium of KKR, Ontario Teachers' Pension Plan Board and PSP Investments completed an all-cash acquisition of Spark Infrastructure for approximately A$5.2 billion. The deal, which received all regulatory approvals, gives the investors ownership of Spark's stakes in SA Power Networks, Victoria Power Networks (Citipower and Powercor), a stake in TransGrid and the Bomen Solar Farm as they seek to support Australia’s transition to low-carbon electricity infrastructure.

Arcadea Group Acquires SPARK from Community Reinvestment Fund, USA

June 13, 2023

Cloud & SaaS

Arcadea Group, a Toronto-based long-hold growth investor, has acquired SPARK, a Minneapolis-headquartered SaaS lending platform, from Community Reinvestment Fund, USA (CRF). The acquisition gives SPARK access to Arcadea's software operating experience and resources to accelerate product functionality and long-term growth in the SBA and conventional lending markets.

Allied Power Group Acquires Combustion Parts Inc.

August 17, 2020

Manufacturing

Allied Power Group (APG) has acquired Combustion Parts Inc. (CPI), a provider of combustion components for heavy-frame industrial gas turbines. CPI founder Lori Jenks has joined APG as the companies integrate CPI's combustion hardware capabilities into APG's global service offering to expand product breadth for power generation, refining, pipeline and industrial customers.

Ripple Industries Acquires Aftermarket Performance Group from Heartwood Partners

April 1, 2021

E-Commerce

Ripple Industries LLC acquired Aftermarket Performance Group (APG) from Heartwood Partners Fund II, LP in early April 2021. APG is a vertically integrated direct-to-consumer eCommerce retailer, private-label manufacturer and distributor of automotive aftermarket parts, and Ripple said it will partner with APG management to accelerate growth across the automotive enthusiast market.

MPE Partners / MSHS Acquire Pacific Power Group

August 9, 2022

Industrial Services

MPE Partners, together with its portfolio company Motor-Services Hugo Stamp, Inc. (MSHS), has acquired Pacific Power Group (PPG), a Vancouver, Washington–headquartered provider of products, parts, and maintenance, repair and overhaul (MRO) services for marine, energy, commercial and industrial equipment. The deal creates a nationwide MRO, engine and controls service network by combining PPG's Western U.S., Alaska, Hawaii and Gulf locations with MSHS's Eastern U.S., Gulf and Pacific Northwest footprint to expand geographic coverage, technical capabilities and OEM access. Terms were not disclosed.

Catalyst Power Acquires AP Gas & Electric (NY) LLC

December 15, 2021

Energy

Catalyst Power Holdings LLC acquired AP Gas & Electric (NY) LLC, expanding Catalyst Power's retail energy footprint across New York State and enabling the addition of natural gas, community solar, and Connected Microgrid offerings to AP G&E NY's middle-market commercial and industrial customers. The acquisition is backed by BP Energy Partners, the private equity sponsor of Catalyst Power, and represents an add-on to Catalyst Power's platform to accelerate deployment of lower-carbon energy solutions.