Tencarva Machinery Company (Tencarva), a value-added distributor of flow control and process equipment solutions and services to the industrial and municipal end-markets, and a portfolio company of Bessemer Investors, has acquired Fischer Process Industries (Fischer Process), a distributor of pumps, valves and process equipment.  Fischer Process’s existing management team, including President Ken Fischer, will remain with the company. Tencarva is a portfolio company of Bessemer Investors LLC (“Bessemer”), a New York-based investment firm. Financial terms of the transaction were not disclosed.   Fischer Process serves customers in Ohio, Indiana, Kentucky, West Virginia and Georgia, and offers full applications engineering capability

Battery Ventures, a global, technology-focused investment firm, has reinvested in Forterro, a European provider of enterprise-resource planning (ERP) software for the industrial mid-market.  With the investment, Battery now holds a significant minority share of Forterro, a company the firm previously built into a multi-national, European software provider and subsequently sold to Partners Group, a leading private markets firm (acting on behalf of its clients), for €1 billion earlier this year. Battery will continue to be actively involved in helping to scale Forterro as the company pursues its vision for growth under Partners Group’s ownership. As part of the deal, Tabors

Prescott’s a provider of refurbishment, maintenance, repair and service work for surgical microscopes utilised in hospital operating rooms and ambulatory surgery centres, and a portfolio company of Atlantic Street Capital (ASC), has expanded into the anaesthesia specialty service and support sector with the acquisition of Heartland Medical Sales & Service (Heartland). Founded in 1998 by Bradly Rumph, Heartland focuses on delivering reliable service, repair, refurbishment and sales of anaesthesia machines and related equipment. As Heartland has grown, its equipment capabilities have expanded as well to include single replacement devices to the complete outfitting of surgery centres and other medical facilities

Blue Ridge ESOP Associates (Blue Ridge), a portfolio company of Levine Leichtman Capital Partners (LLCP), has acquired substantially all of the tax benefits plan services (BPS) business of Crowe LLP.  The addition of the BPS business strengthens Blue Ridge’s position as an independent ESOP and 401(k) third party administration and recordkeeping firm. The BPS business has built a track record of strong performance in employee stock ownership plan (ESOP) services and retirement plan services. Its nearly 30 employees currently serve over 400 clients and more than 500 plans that are expected to transition to Blue Ridge. The combination of the

Elaghmore, a UK-based private equity fund, has acquired one of Europe’s leading visual communication experts, Concept Group Limited (Concept), a provider distinctive sign and large format LED solutions using traditional, bespoke and digital signage.  Customers include some of the world’s largest Out of Home advertising companies, including Global Media Group, Open Media, and JCDecaux.   Birmingham-based Concept will become part of the Hexcite Group which Elaghmore created in 2019. The Hexcite Group provides specialist signage design, manufacturing, installation and vital aftercare services to leading retailers and brand owners The Hexcite Group includes Blaze Signs which has substantial signage manufacturing capability

LDC, a mid-market private equity firm, has made a significant minority investment in international warehouse safety, impact protection and storage equipment provider, IWS Group, to support a continued buy and build strategy. IWS Group provides essential products and services to the global warehousing, logistics and material handling sectors. Through its growing family of companies, IWS Group provides its customers with a one-stop solution to make their sites safer, more efficient and environmentally sustainable.   The Group has a global customer base across multiple channels including operators, contractors, system integrators and resellers.    LDC is backing the existing management team, led

AVIA Capital has invested in Hadatap, Poalnd’s leading provider of radio frequency identification (RFID) technology, to fund research and development costs, increased production capacity and an expansion of sales in Poland and other European countries. RFID uses readers to identify and track objects equipped with smart tags containing microchips. The technology allows companies such as wholesale and retail traders to streamline the process of monitoring inventories, improving efficiency and cutting costs. RFID is also used by public institutions such as courts and libraries. Founded in 2006, Hadatap has implemented RFID solutions in more than 150 large and medium-sized companies and

Bookkeeper360, a fintech accounting solution for small businesses, has raised $3.5 million in a seed funding round backed by new strategic partners, customers, and previous investors, who are also Angel Investors of Etsy.com. In the past 14 months, Bookkeeper360 has grown its team by 120% and now supports nearly 1,000 customers nationwide between its software and a full suite of accounting, advisory, tax, payroll, and back-office solutions. This includes three new directors that have joined to oversee its software engineering, advisory, and customer onboarding departments. In October 2022, Bookkeeper360 will celebrate its 10th anniversary. Bookkeeper360 currently has integrations with Xero,

CARROLL, a national real estate investment firm, has held the final closing of its seventh investment vehicle, Carroll Multifamily Venture VII with more than $340 million in capital from two institutional investor closings in July 2022 and December 2021. The fund will target multifamily assets in line with the firm’s value-add and core-plus investment strategy across the Sun Belt region with $5.5 billion in total buying power.   CARROLL’s seventh investment vehicle closed at more than double the size of the Firm’s prior vehicle, Carroll Multifamily Venture VI, which closed in 2019 at $125 million. The increased commitment follows a

CORE Industrial Partners (CORE), a Chicago-based private equity firm, has acquired Contract Filling Inc (CFI), a specialised contract manufacturer of high-end fragrances, deodorants and cosmetic products, by CORE portfolio company Arizona Natural Resources (ANR), based in Phoenix, Arizona.  The acquisition solidifies ANR’s position as one of North America’s largest manufacturers of personal care and beauty products. Founded in 1983 and headquartered in Cedar Grove, New Jersey, CFI is a well-established contract manufacturer of fragrances and deodorants with nearly four decades of experience.  CFI represents the fourth addition to CORE’s ANR platform. Together, CFI and ANR have more than 800,000 square