Private Equity-Backed Acquisitions in Texas

  • Buyer
    TPG, TPG Rise Climate
    Target
    Sabre Industries, Inc.
    Seller
    Blackstone Energy Transition Partners
    Type
    Buyout

    TPG, through its climate investing platform TPG Rise Climate, signed definitive agreements to acquire a majority stake in Sabre Industries. Blackstone Energy Transition Partners will retain a significant minority stake, and the deal is expected to close in the second quarter of 2026 subject to approvals and closing conditions.

  • Buyer
    Chimney Rock Equity Partners
    Target
    Gas Clip Technologies
    Type
    Buyout

    Chimney Rock Equity Partners has acquired Gas Clip Technologies, a Dallas-based supplier of portable gas detection devices for industrial safety applications. The deal terms were not disclosed, and the parties plan to work together to expand Gas Clip’s product, distributor, and geography offerings.

  • Buyer
    Royal Cup Coffee and Tea, Braemont Capital
    Target
    Farmer Brothers Coffee Co.
    Industry
    Food & Beverage
    Type
    Buyout

    Royal Cup Coffee and Tea entered into a definitive, all-cash agreement to acquire publicly traded Farmer Brothers Coffee Co. for $1.29 per share, valuing the deal at about $28 million. The transaction is expected to close in the second quarter of 2026, subject to shareholder approval and other customary closing conditions.

  • Buyer
    Ara Energy
    Target
    Gate City Power, Gate City Renewable Fuels, JET retail fuel network interest
    Seller
    HF Capital
    Industry
    Energy
    Type
    Buyout

    Ara Partners’ energy platform, Ara Energy, will acquire Gate City Power, Gate City Renewable Fuels, and an interest in the JET retail fuel network for approximately $875 million. The deal is financed with equity from Ara-managed funds and co-investment vehicles and is expected to close in early 2026, subject to regulatory approvals and customary closing conditions.

  • Buyer
    Security Financial Management (SFM), Bluespring Wealth Partners
    Target
    Pittman Financial Group
    Type
    Addon

    Bluespring Wealth Partners announced that Pittman Financial Group and its team, led by founder Page Pittman, will merge into Security Financial Management (SFM), an existing Bluespring partner firm. The move expands SFM’s advisor base and grows total assets managed by SFM advisors to approximately $1.3B, while supporting advisor succession planning and continuity for Pittman’s clients.

  • Buyer
    Monomoy Capital Partners
    Target
    Jiffy Lube International, Inc., Premium Velocity Auto
    Seller
    Pennzoil Quaker State Company DBA SOPUS Products, Shell USA, Inc.
    Industry
    Transportation
    Type
    Buyout

    Monomoy Capital Partners entered into a definitive agreement to acquire Jiffy Lube International, Inc. from Pennzoil Quaker State Company (SOPUS Products), a wholly owned subsidiary of Shell USA, for approximately $1.3 billion. The transaction also includes Jiffy Lube subsidiary Premium Velocity Auto.

  • Buyer
    Serent Capital
    Target
    Autire
    Industry
    Cloud & SaaS

    Serent Capital, a growth-focused private equity firm, announced an investment in Autire, a cloud-based, AI-powered software platform for CPA firms performing employee benefit plan (EBP) audits. Autire centralizes and automates EBP audit workflows—supporting 401(k), 403(b), and ESOP plans—to reduce manual work and standardize audit documentation and execution.

  • Buyer
    Saber Power Services, LLC
    Target
    Bounds Construction II, LLC
    Type
    Addon

    Saber Power Services, a portfolio company of Greenbelt Capital Partners, announced that it acquired Bounds Construction II, a privately held foundation construction company. The deal adds civil construction capabilities—especially substation and switchyard foundation work—to Saber Power’s vertically integrated electrical infrastructure services.

  • Buyer
    Synergy Sports Capital
    Target
    Atlético Dallas, High-growth emerging sports leagues and related sports ecosystem assets
    Type
    Buyout

    Synergy Sports Capital, a newly launched control-focused private equity firm based in Houston, plans to pursue controlling stakes in high-growth emerging sports leagues, teams, and related sports ecosystem ventures. The firm says it will use its Synergy Sports Operating System to integrate technology, data analytics, media strategy, and stadium-anchored real estate development, with earlier liquidity pathways via multiple monetization routes.

  • Buyer
    South-Tek Holdings, L.P., Pfingsten
    Target
    Patriot Compressor Parts, LLC
    Type
    Addon

    Pfingsten’s portfolio company, South-Tek Holdings, L.P., acquired Patriot Compressor Parts, LLC. Patriot is a manufacturer and distributor of aftermarket natural gas compressor parts headquartered in Granbury, Texas.

  • Buyer
    KPS Capital Partners, LP
    Target
    Ketjen Corporation's refining catalyst solutions business (collectively 'Ketjen'), Ketjen Corporation's Performance Catalyst Solutions (PCS) business (retained by Albemarle)
    Seller
    Albemarle Corporation
    Type
    Buyout

    KPS Capital Partners, through a newly formed affiliate, entered into a definitive agreement to acquire a controlling 51% stake in Ketjen Corporation’s refining catalyst solutions business. Albemarle will retain a 49% stake and keep 100% ownership of Ketjen’s Performance Catalyst Solutions (PCS) business. The transaction is expected to close in the first half of 2026 (with KPS stating first quarter 2026), subject to regulatory approvals and customary closing conditions.

  • Buyer
    UrbanBuild, Bauer Investments
    Target
    We Cool LLC
    Type
    Addon

    Bauer Investments announced that its portfolio company, UrbanBuild, acquired a controlling interest in We Cool LLC, an Austin-based HVAC and plumbing services provider. The deal formally launches UrbanBuild’s integrated Services Division to build a multi-trade, vertically integrated home services operator across West Austin and the Texas Hill Country.

  • Buyer
    Thompson Safety
    Target
    Fulshear Fire Protection
    Type
    Addon

    Thompson Safety, a national provider of fire protection and workplace safety services, has acquired Houston-area Fulshear Fire Protection to strengthen its presence in the Greater Houston market. The acquisition increases Thompson's local technician roster and service capacity, expands its commercial and industrial customer base, and is expected to create cross-sell opportunities across Thompson's safety and fire protection offerings.

  • Buyer
    Harvest Commercial Capital, LLC
    Target
    Crossroads Impact Corp
    Type
    Buyout

    Harvest Commercial Capital (HCC) announced a merger with Crossroads Impact Corp (CRSS) to combine HCC’s owner-occupied small business commercial lending platform with Crossroads’ residential CDFI capabilities. The combined organization will continue operating under their respective brands and aims to expand access to capital in low- and moderate-income communities while enhancing CRA and SBA-focused lending solutions.

  • Buyer
    Trive Capital, Rolfson Oil, Flint Logistics Group
    Target
    Rolfson Oil, Flint Logistics Group
    Industry
    Energy
    Type
    Addon

    Trive Capital, a Dallas-based private equity firm, invested in Rolfson Oil, a distributor of fuel, oils, and lubricants serving the energy sector. After the investment, Rolfson acquired Flint Logistics Group, expanding Rolfson’s footprint across Oklahoma, Texas, and New Mexico and improving operational efficiency to support growth.

  • Buyer
    Terminus Capital Partners (TCP)
    Target
    Eventus
    Industry
    Cybersecurity
    Type
    Buyout

    Terminus Capital Partners (TCP) has made a majority investment in Eventus, a trade surveillance and financial risk solutions provider. The deal terms were not disclosed, and TCP’s ownership is intended to accelerate Eventus’ global expansion and product innovation, including continued platform capability development and selective acquisitions.

  • Buyer
    Topspin Consumer Partners
    Target
    Grid

    Topspin Consumer Partners, an operationally driven consumer-focused private equity firm, announced a strategic growth investment in Grid, a U.S. designer and manufacturer of laminate and phenolic lockers and performance flooring for fitness and health & wellness facilities. The capital is intended to help Grid scale its vertically integrated design, manufacturing, logistics, and installation capabilities across the United States.

  • Buyer
    Victor Capital Partners
    Target
    Specialty Fenestration Group, Quikserv Inc., United States Bullet Proofing
    Seller
    River Associates Investments, L.P.
    Type
    Buyout

    Victor Capital Partners acquired Specialty Fenestration Group (SFG), a Houston-based specialty fenestration platform comprised of Quikserv Inc. and U.S. Bullet Proofing. The deal is described as supporting SFG’s continued growth, product innovation, and market expansion, with River Associates Investments previously owning the platform.

  • Buyer
    Green Heron Partners
    Target
    Regency Plumbing Contractors
    Industry
    Plumbing

    Green Heron Partners, a Houston-based lower middle market private equity firm, announced a strategic investment in Regency Plumbing Contractors, a commercial plumbing contractor serving the Greater Houston area. Regency’s executive leadership will continue to lead and retain significant ownership as the partnership supports the buildout of a broader facility services platform and growth in geographic reach and service capabilities.

  • Buyer
    The Vistria Group
    Target
    Lumen Holdings, LLC
    Type
    Buyout

    The Vistria Group acquired Lumen Holdings, a technology-enabled managing general agent (MGA) headquartered in Dallas, to establish Lumen as a new platform investment in Vistria’s Financial Services strategy. Lumen operates across 30+ states and uses its proprietary KURRENT digital underwriting and distribution platform to support program launches and underwriting performance.

  • Buyer
    Western Trail Capital
    Target
    CashLine Solutions, LLC
    Seller
    Generational Group
    Type
    Buyout

    Western Trail Capital acquired CashLine Solutions, LLC, a Houston-based financial and management consulting firm focused on improving businesses’ cash flow through order-to-cash optimization. The acquisition closed on February 23, 2026.

  • Buyer
    Peak Rock Capital (affiliate)
    Target
    UL Solutions Inc. (Employee Health and Safety software business), PureEHS (rebranded business)
    Seller
    UL Solutions Inc.
    Industry
    Cloud & SaaS
    Type
    Buyout

    An affiliate of Peak Rock Capital has signed a definitive agreement to acquire the Employee Health and Safety (EHS) software business of UL Solutions Inc. The deal is expected to close in the second quarter of 2026, after which Peak Rock intends to rebrand the business as PureEHS.

  • Buyer
    Scale Computing
    Target
    Adaptiv Networks
    Industry
    IT Services
    Type
    Buyout

    Scale Computing entered into a definitive agreement to acquire Adaptiv Networks, a cloud-native SD-WAN and SASE provider. The deal will extend Scale Computing’s SC//AcuVigil managed network solutions with integrated SD-WAN connectivity, advanced network performance optimization, and centralized orchestration across distributed environments.

  • Buyer
    B Capital, Google, Mercedes-Benz, PEAK6, AT&T Ventures, John Deere, Qatar Investment Authority (QIA)
    Target
    Apptronik

    Apptronik, a human-centered robotics company, closed a $520 million Series A-X extension round following an oversubscribed initial Series A raise in 2025, bringing its Series A total to more than $935 million. The new funding will ramp production of its Apollo humanoid robot and expand global commercial and pilot deployments across manufacturing and logistics (with future expansion planned for retail and healthcare).

  • Buyer
    KJM Capital
    Target
    Brilliant Fulfillment
    Seller
    Commerce Street Capital
    Type
    Buyout

    KJM Capital has acquired Dallas-based Brilliant Fulfillment, a logistics and fulfillment provider with climate-controlled, FDA-registered warehousing in the Dallas–Fort Worth area. Commerce Street Capital (CSC) announced the sale of its client Brilliant Fulfillment as the company seeks its next phase of growth.

  • Buyer
    General Atlantic, General Atlantic Service Company, L.P.
    Target
    European Wax Center, Inc.
    Type
    Buyout

    European Wax Center, Inc. agreed to a definitive deal to be taken private by General Atlantic in an all-cash transaction with an implied equity value of approximately $330 million. General Atlantic will acquire the 100% of European Wax Center’s outstanding Class A shares it does not already own, and other stockholders will receive $5.80 per share in cash. The transaction is expected to close in mid-2026, subject to stockholder approval and regulatory approvals.

  • Buyer
    Mubadala Capital, TWG Global, Apollo-managed funds (Apollo Funds)
    Target
    Clear Channel Outdoor Holdings, Inc.
    Type
    Buyout

    Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) has entered into a definitive agreement to be acquired by Mubadala Capital, in partnership with TWG Global, in an all-cash transaction valued at an enterprise value of $6.2 billion. Under the terms, Clear Channel shareholders will receive $2.43 per share in cash, representing a 71% premium to the unaffected share price, and the deal is expected to close by the end of Q3 2026 subject to regulatory approvals and shareholder approval.

  • Buyer
    Western Smokehouse Partners
    Target
    Junior's Smokehouse
    Industry
    Food & Beverage
    Type
    Buyout

    Western Smokehouse Partners, a producer of premium better-for-you meat snacks, acquired Junior's Smokehouse, a Texas-based handcrafted jerky and meat products manufacturer. The deal expands Western’s national footprint and adds manufacturing capacity and product capabilities, with plans to build a second facility near Junior's in El Campo, Texas.

  • Buyer
    Ryan
    Target
    Meritax Advisors
    Industry
    Accounting & Tax
    Type
    Buyout

    Ryan, a global tax services and software provider, has acquired Meritax Advisors, a Texas-based commercial property tax consulting firm with offices in Frisco and Austin. The acquisition adds Meritax's property tax valuation, litigation management, and portfolio advisory capabilities to Ryan's Property Tax practice and brings Meritax partners and approximately 20 additional team members into Ryan's U.S. operations.

  • Buyer
    Insurvia, BharCap Partners, LLC
    Target
    Pronto Insurance
    Industry
    Insurance
    Type
    Addon

    BharCap Partners' portfolio company Insurvia has acquired Pronto Insurance, a Texas-based distributor and managing general agent (MGA) of personal lines insurance founded in 1997. The deal expands Insurvia's revenue and EBITDA, broadens its geographic presence (notably in Texas and California), and adds a complementary MGA capability to its platform; Pronto will continue to operate as a distinct brand.

  • Buyer
    KKR
    Target
    Arctos Partners
    Type
    Buyout

    KKR announced it entered into a definitive agreement to acquire Arctos Partners, an institutional investor focused on buying minority stakes in professional sports franchises and providing structured capital solutions to alternative asset managers. The deal is initially valued at $1.4 billion with additional contingent consideration, and KKR plans to expand into sports investing and build a larger multi-asset secondaries and solutions platform under a new business line, KKR Solutions.

  • Buyer
    Argano
    Target
    Stormloop Technologies
    Industry
    IT Services
    Type
    Addon

    Argano has acquired Stormloop Technologies, a Workday partner specializing in HCM, Financials and Adaptive Planning advisory and managed services. The acquisition, which closed in December 2025, expands Argano's enterprise application and cloud transformation capabilities and strengthens its Workday and Adaptive Planning service offerings.

  • Buyer
    Impact Climate Technologies, Ardian
    Target
    Larry Wunsch & Associates, Inc.
    Type
    Addon

    Impact Climate Technologies (ICT), a portfolio HVAC holding company of Ardian, has acquired Larry Wunsch & Associates (LWA), a San Antonio–based commercial HVAC and plumbing equipment representative and distributor. LWA will continue operating under its existing name and leadership while ICT provides strategic, operational, and sales resources to support growth and expand ICT's presence in Texas.

  • Buyer
    Cetera Financial Group, The Retirement Planning Group (TRPG)
    Target
    Plains Wealth Management
    Type
    Buyout

    Cetera Financial Group has completed the acquisition of Plains Wealth Management, a Houston-based independent wealth management practice that oversees approximately $400 million in client assets. The Plains team will join The Retirement Planning Group (TRPG), Cetera's employee-based RIA, expanding TRPG's footprint into the Houston market and providing the Plains team with growth and succession options.

  • Buyer
    Capstreet
    Target
    TOPS Field Services, LLC
    Type
    Addon

    Capstreet, a Houston-based lower middle market private equity firm, acquired TOPS Field Services, LLC, a nationwide provider of turbine maintenance and outage services. TOPS specializes in inspection, overhaul, and maintenance of gas and steam turbines, LNG equipment, and generators, and its management team—led by founder and CEO Toby Wooster—will remain with the business. Terms were not disclosed.

  • Buyer
    LaunchPad Home Group, RFE Investment Partners
    Target
    RJ Home Inspections, Sherwood Inspection Services
    Type
    Addon

    LaunchPad Home Group expanded into the Northeast by acquiring RJ Home Inspections and Sherwood Inspection Services. The transactions add established home inspection brands serving Greater Boston/New England and Connecticut, and include founder-to-leadership integration for ongoing regional growth.

  • Buyer
    TXP Environmental, NMS Capital, Stonepeak Credit
    Target
    Diamond Back Recycling and Sanitary Landfill
    Seller
    Michael Valenzuela
    Type
    Addon

    TXP Environmental announced its acquisition of Diamond Back Recycling and Sanitary Landfill in Odessa, Texas, as part of its push to build a vertically integrated waste platform across Texas. Terms of the transaction were not disclosed.

  • Buyer
    Main Post Partners, HomeWell existing management team
    Target
    HomeWell Franchising Inc.

    Main Post Partners has acquired HomeWell Franchising Inc., the franchisor of HomeWell Care Services, in a transaction alongside the company’s existing management team. The partnership will recapitalize the franchisor to accelerate franchise growth, expand geographic reach, and enhance support for franchise owners and caregivers; Boxwood Partners served as exclusive sell-side advisor.

  • Buyer
    TowerBrook Capital (TowerBrook Capital Partners)
    Target
    Solis Mammography
    Seller
    Madison Dearborn Partners, Audax Group
    Type
    Buyout

    TowerBrook Capital acquired Solis Mammography in May 2025 after Chicago-based Madison Dearborn Partners exited its ownership stake. Solis Mammography, headquartered in Addison, Texas, is a multi-location provider of breast imaging and diagnostic services with more than 150 centers and roughly 400 employees.

  • Buyer
    Livefront, Rallyday Partners
    Target
    Zeal IT Consultants
    Industry
    IT Services
    Type
    Addon

    Livefront and Zeal IT Consultants announced a strategic combination to create a larger digital consultancy offering end-to-end capabilities in digital strategy, experience design, AI-driven platforms, software engineering, and data. The combination creates a team of more than 300 professionals and was supported by a strategic investment in Livefront from Denver-based private equity firm Rallyday Partners.

  • Buyer
    BV Investment Partners
    Target
    Managed Repair Program (Alacrity Solutions) / Altimeter Solutions Group
    Seller
    Alacrity Solutions

    BV Investment Partners has acquired the Managed Repair Program division from Alacrity Solutions and rebranded the business as Altimeter Solutions Group. The carve-out — the first investment from BV's Fund XII (with capital from Funds XI and XII) — creates a standalone, tech-enabled managed repair platform serving property-insurance carriers and will be operated in partnership with the existing leadership team.

  • Buyer
    Kinderhook Industries, Goldman Sachs Alternatives, Apollo S3
    Target
    Live Oak Environmental, CARDS Recycling
    Seller
    Certain Kinderhook limited partners

    Kinderhook Industries closed a $1 billion single-asset continuation vehicle transaction, forming Ecowaste Solutions by combining Live Oak Environmental and CARDS Recycling and securing more than $400 million of new equity from participating funds including Goldman Sachs Alternatives and Apollo S3. The new Dallas‑headquartered platform will operate collection and post‑collection waste services across nine Mid‑South states, serving over 400,000 customers and pursuing organic growth and additional acquisitions.

  • Buyer
    Cordatus Capital, Red Dot Buildings
    Target
    East Texas Architectural Sheetmetal (ETAS)
    Seller
    Brian Steck
    Type
    Addon

    Cordatus Capital and Red Dot Buildings acquired East Texas Architectural Sheetmetal (ETAS), a Mineola, Texas-based manufacturer of metal building components. The deal adds critical purlins, roof and wall panels, and trim manufacturing in-house to Red Dot’s pre-engineered metal building platform to improve lead times, quality control, and cost certainty.

  • Buyer
    Marksman Titan Security Group, Quad-C Management, Inc.
    Target
    Priebe Security Services, Inc.
    Type
    Addon

    Marksman Titan Security Group, backed by private equity firm Quad-C, has acquired Priebe Security Services, an Austin-based contract security provider. The transaction adds over 450 employees and expands Marksman's presence in Central Texas while enhancing its manned guarding, mobile patrol and technology-enabled security capabilities; terms were not disclosed.

  • Buyer
    Allworth Financial
    Target
    Grunden Financial Advisory
    Seller
    Grunden Financial Advisory (owners/partner advisors: Ricky Grunden, Sr.; Dave Ragan; Susy Thomas)
    Type
    Buyout

    Allworth Financial has acquired Grunden Financial Advisory, a Denton, Texas-based wealth management firm overseeing approximately $500 million in assets under management, adding offices in Denton and Addison and a six-person team. The Grunden partners will remain in place while gaining access to Allworth's centralized operations, compliance, technology, and broader investment, tax and estate planning capabilities as Allworth expands its North Texas footprint.

  • Buyer
    United Building Solutions
    Target
    DFW Mechanical Group
    Industry
    IT Services
    Type
    Addon

    United Building Solutions (UBS), backed by AE Industrial Partners, acquired DFW Mechanical Group, a commercial and industrial mechanical contractor serving customers across Texas, Oklahoma, Georgia, and Florida. The deal is UBS’s second add-on acquisition since AE Industrial’s February 2025 investment and expands UBS’s footprint across the Southeast and South-Central United States.

  • Buyer
    Visterra Landscape Group
    Target
    Liberty Lawn & Landscaping
    Seller
    Christy Rohlf, Tray Rohlf
    Type
    Addon

    Visterra Landscape Group announced a strategic investment in New Braunfels, Texas-based Liberty Lawn & Landscaping to establish a new operational hub and expand service coverage across the San Antonio–Austin corridor. Liberty will remain locally led by founders Christy and Tray Rohlf as part of Visterra's national commercial landscaping platform; financial terms were not disclosed.

  • Buyer
    TRP Infrastructure Services, Arlington Capital Partners
    Target
    Striping Technology, L.P.
    Seller
    Linda Rudd
    Industry
    Infrastructure
    Type
    Addon

    TRP Infrastructure Services, a Fort Worth-based pavement marking and traffic control platform backed by Arlington Capital Partners, has acquired Striping Technology, L.P., a Tyler, Texas pavement marking contractor. Striping Technology will operate as TRP's East Texas division to deepen the company's presence in Texas and accelerate TRP's expansion across the Southeast; financial terms were not disclosed.

  • Buyer
    Lime Rock Partners
    Target
    Athena Energy Partners
    Industry
    Oil & Gas

    Lime Rock Partners has closed an equity commitment to Athena Energy Partners, a Houston-based upstream oil and gas company led by former Ensign Natural Resources executives. The capital will support Athena’s acquisition, optimization and development of oil and gas properties with an initial focus on South Texas’ Eagle Ford Shale.

  • Buyer
    Antares Capital, KKR, Investment funds/accounts managed by the company's lenders
    Target
    48forty Solutions

    48forty Solutions completed a financial restructuring that reduces its debt by over 80% and injects $75 million of new capital. Investment funds and accounts managed by the company's lenders — including Antares and KKR — will become majority equity holders; the deal coincides with CEO Mike Hachtman's retirement and the appointment of Dave Russell as Interim CEO.

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