Tag Archives: Industry

The ODP Corporation to be Acquired by Atlas Holdings in All-Cash Transaction

Atlas Holdings

The ODP Corporation Shareholders to Receive $28 Per Share in Cash, Representing a 34% Premium to Closing Stock Price on September 19, 2025

Transaction to Generate Significant Value for The ODP Corporation Shareholders

BOCA RATON, Fla. and GREENWICH, Conn. (BUSINESS WIRE) – The ODP Corporation (NASDAQ:ODP), a leading provider of products, services and technology solutions to businesses and consumers, today announced that it has entered into a definitive agreement to be acquired by an affiliate of Atlas Holdings, which owns and operates a global family of manufacturing and distribution businesses, for $28 per share in cash. The purchase price represents a premium of 34% to The ODP Corporation’s closing share price on September 19, 2025, valuing The ODP Corporation at approximately $1 billion. Upon completion of the transaction, The ODP Corporation will become a privately held company, and shares of common stock will no longer be listed on the NASDAQ stock exchange.

“This transaction, fully supported by our Board, provides a substantial premium for The ODP Corporation’s shareholders and will improve the company’s position for the next phase of growth,” said Gerry P. Smith, Chief Executive Officer of The ODP Corporation. “Atlas brings an understanding of our industry, along with the operational expertise, resources and track record of supporting its companies that will fast forward our B2B growth initiatives and strengthen our position as a trusted partner to our customers. Atlas’ commitment demonstrates their confidence in our future and the strong momentum we’ve achieved through our focus on operational excellence and disciplined execution. We’re excited about our path for the future.”

“Atlas has a long history of transitioning public companies into successful private enterprises and we are uniquely positioned to do just that with The ODP Corporation – an iconic American company,” said Atlas Managing Partner Michael Sher. “Atlas operates like a diversified holding company, and we have a proven record of delivering the human and financial capital necessary to create long-term value in our businesses. The ODP Corporation’s leadership has already taken several steps to mitigate the challenging retail environment, and we are the right partners to support The ODP Corporation’s continued evolution in its next chapter. We look forward to completing this transaction which will provide a positive outcome for The ODP Corporation’s associates, customers, suppliers and shareholders.”

The Board of Directors of The ODP Corporation unanimously approved the transaction, which is expected to be completed by the end of 2025. The transaction is subject to customary closing conditions, including regulatory approvals and approval by The ODP Corporation shareholders.

J.P. Morgan Securities LLC is serving as exclusive financial advisor and Simpson Thacher & Bartlett LLP is serving as legal advisor to The ODP Corporation. Lazard is serving as financial advisor and Willkie Farr & Gallagher LLP is serving as legal advisor to Atlas Holdings.

About The ODP Corporation

The ODP Corporation (NASDAQ:ODP) is a leading provider of products, services, and technology solutions through an integrated business-to-business (B2B) distribution platform and omnichannel presence, which includes world-class supply chain and distribution operations, dedicated sales professionals, online presence and a network of Office Depot and OfficeMax retail stores. Through its operating companies ODP Business Solutions, LLC; Office Depot, LLC; and Veyer, LLC, The ODP Corporation empowers every business, professional, and consumer to achieve more every day. For more information, visit theodpcorp.com.

About Atlas Holdings

Headquartered in Greenwich, Connecticut and founded in 2002, Atlas and its affiliates own and operate 29 companies which employ more than 60,000 associates across 375 facilities worldwide. Atlas operates in sectors such as automotive supply, building materials, capital equipment, construction services, food manufacturing and distribution, metals processing, packaging, paper, power generation, printing, pulp, supply chain management and wood products. Atlas’ companies together generate more than $20 billion in revenues annually.

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Bencis partners with Omega Group

Bencis

Limbach-Oberfrohna – 18.  September 2025

Omega Group partners with Bencis to build the leading European system supplier of large and complex metal assemblies for the Industrial Technology and Defense sector

BBOF VI Holding C.V. (“Bencis”) has partnered with Omega Group, a leading specialized system supplier of large and complex metal components and modules. Omega Group consists of five companies in Saxony, Germany, offering a wide range of advanced metal processing technologies.

For decades, Omega has been a trusted partner to top-tier Industrial Technology and Defense OEMs, building on long-standing, recurring customer relationships. The company distinguishes itself by its ability to cover the full value chain – from engineering and manufacturing to coating and final assembly – delivering mission-critical solutions at the highest quality standards.

Omega Group offers extensive technological capabilities such as welding, glueing, drilling, milling, cutting, bending and coating which enable the company to provide clients with a holistic offering from a single source. It further stands out through its ability to assemble complex modules bringing together internally and externally sourced components.

Omega Group has continuously invested in its state-of the art machine park and highly skilled employees resulting in today’s strong positioning. Bencis will now support Omega in capturing the unique growth opportunities in the current market environment. As a joint ambition, the partners aim to create a leading pan-European system supplier for the Industrial Technology and Defense sector.
About Omega Group

Omega Group is a producer of complex metal components and modules serving clients from the Industrial Technology and Defense industries. It consists of five entities with complementary capabilities and specialisations, thereby covering a wide range of metal processing technologies. The group headquartered in Limbach-Oberfrohna, Saxony, Germany operates four locations around Chemnitz.
About Bencis

Bencis is an independent investment company with advisory offices in the Netherlands, Germany, and Belgium that supports business owners and management teams in achieving their growth ambitions. Managing six funds totalling €2.2 billion, Bencis has invested in over 80 companies and completed more than 330 follow-on acquisitions since 1999. For more information, visit: www.bencis.com

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KKR Completes Tender Offer for Topcon

KKR

TOKYO–(BUSINESS WIRE)– KKR, a leading global investment firm, announced today the completion of its tender offer for the common shares and stock acquisition rights, etc. of Topcon Corporation (“Topcon” or the “Company”; TSE stock code: 7732) on September 10, 2025. The tender offer was made through TK Co., Ltd. (the “Offeror”), an entity owned by funds managed by KKR.

Following the completion of the tender offer, the Offeror is expected to acquire 84,648,472 common shares and stock acquisition rights (equivalent to 100,000 shares post-conversion) of Topcon, representing a total ownership ratio of 80.32%. This result exceeds the minimum threshold of 50.10% required to privatize the Company and facilitate a management buyout. Settlement will commence on September 18, 2025.

In addition to the Topcon shares acquired through the tender offer, the Offeror aims to acquire all remaining shares through either a share transfer or a share consolidation process to achieve full ownership of Topcon. In the event a share consolidation will be implemented, an extraordinary shareholders’ meeting is planned for early November.

Topcon leverages its optical and precision measurement technologies to provide leading global hardware product development and manufacturing, while also delivering unique digital transformation solutions that integrate IoT platforms, AI, and other advanced technologies. Topcon is pursuing its long-term vision leading up to its 100th anniversary in 2032, and the Company has been implementing its “Mid-Term Management Plan 2025” covering the fiscal years 2023–2025. Under this plan, Topcon has pursued sustainable business growth and improved profitability by deepening its orientation towards customers, and as the next step, the Company aims to evolve into “New Topcon 2.0,” a business structure that will further accelerate the competitiveness of the Topcon Group.

KKR is making this investment predominantly from its Asian Fund IV.

This press release should be read in conjunction with the “Notice Regarding the Results of the Tender Offer for Topcon Corporation (Securities Code: 7732)” which is available on TDNet and Topcon’s website.

About KKR

KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKRs website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group’s website at www.globalatlantic.com.

Media Contacts
Wei Jun Ong
+65 6922 5813
weijun.ong@kkr.com

Samuel Brustad
+81 90 7094 2523
samuel.brustad@kkr.com

Source: KKR

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Emerald leads $14M investment in Xampla, accelerating the replacement of single-use plastics

Emerald

CAMBRIDGE, UK – Emerald Technology Ventures, a global leader in climate-tech venture capital, has led a $14m of investment round in Xampla, a University of Cambridge spin-out that has created world-first natural materials from plant protein, to replace the world’s most polluting plastics. Other investors include BGF and Matterwave Ventures, and the funding will support more than ten billion units of single-use plastic replaced with Xampla’s Morro™ materials in the next five years, including plastic linings found in takeaway boxes, coffee cups and sachets.

Investors, including Neil Cameron of Emerald, and CEO Alexandra French of Xampla

Global plastic production is estimated to rise to a billion tonnes annually, and with less than 10% of plastic ever produced being recycled, there are now 8 billion tonnes of plastics and microplastics in our global environment. Xampla’s Morro materials offer a world-first natural polymer alternative. Made from abundant and natural plant protein feedstocks, including peas, rapeseed and sunflower, the materials are completely PFAS and plastic-free, and exempt from the European Union’s Single-Use Plastic Directive (SUPD).

Through partnerships with big names such as 2M Group of Companies, Huhtamaki and Transcend Packaging, Xampla has already replaced polluting coatings on boxes used by food delivery giant Just Eat Takeaway and Bunzl Catering Supplies. Unlike plastic, Morro™ Coating maintains the recyclability of cardboard without compromising on grease, oxygen and moisture barrier properties. The company’s Morro™ films, being commercialized through global partnerships, are soluble, giving them the potential to replace polluting plastic PVA films in dishwasher tablets and laundry pods.  They are also food-safe and can be used as edible replacements for packaging a wide range of single-serve products, from sweets to soups.

In addition, Xampla is working in partnership with leading FMCG brands and fragrance houses to deploy Morro™ materials in place of harmful plastic microencapsulates used to convey scents and active ingredients in homecare and beauty products.

Xampla’s Chief Executive, Alexandra French, said:

“This is a major vote of confidence for our revolutionary replacements for polluting plastics, and will see us expanding into Asia Pacific as well as growing in the UK and Europe. We have proven to investors and to brands that Morro™ materials are the real deal in making plastic a material of the past.  In just the next five years, Xampla will replace ten billion pieces of single-use plastic.  This is the technology industry has been crying out for. Our ambition now is nothing less than to see our products – proudly bearing their Morro marque – become the world’s go-to plastic replacement.”

Neil Cameron, Partner in Emerald’s sustainable packaging investment fund, added:

“Working with Xampla is part of our mission to turbocharge a revolution in innovative packaging. This technology hits the sweet spot I search for: a big solution to a big problem that can reap big rewards. And with its current global traction, there is huge potential to scale even further. The global barrier coatings market alone is set to be worth over $30bn by 2032, and that is just the beginning.”

Rowan Bird, Investor at the BGF, said:

“Xampla’s technology stands out as a truly scalable and practical alternative to plastic. Its patented, entirely natural and PFAS-free material is not only strong in performance but also drop-in ready for existing manufacturing lines, making it an attractive option for brands looking to adopt more sustainable solutions. We believe in the strength of the team, the quality of the product, and the positive role Xampla can play in helping reduce reliance on polluting plastics. We’re excited to support their continued growth as they bring this innovation to more partners and applications.”

Ines Kolmsee at Matterwave Ventures, added:

“Xampla’s mission fully aligns with ours: they are tackling a major sustainability issue with smart technology that can be used in existing manufacturing equipment, making it both easy to adopt and capital efficient. What really wowed us is their global team.  These are real experts, drawing on the best science from the University of Cambridge and elsewhere.  But this isn’t an academic exercise. They have got their product out of the lab and into the market.  It is a remarkable achievement and I know they will now go from strength to strength.”

For more information: www.xampla.com/morro-materials

More on Packaging and Materials at Emerald:

Shaping the Future of Packaging: Emerald’s Formed Fiber Sprint

Packaging and Materials

Emerald Invests in Cajo Technologies, Sustainable Laser Marking Leader

About Emerald Technology Ventures

Emerald is a globally recognized venture capital firm, founded in 2000, that manages and advises assets of over €1 billion from its offices in Zurich, Toronto and Singapore. The firm invests in start-ups that tackle big challenges in climate change and sustainability, with four current funds, hundreds of venture transactions and five third-party investment mandates, including loan guarantees to over 100 start-ups.

This is Emerald.

Bold Ideas. Bright Future.  www.emerald.vc

CONTACT FOR EMERALD:

info@emerald.vc

About Xampla and Morro™ materials

Xampla is a materials innovation company unlocking the power of plants to create natural materials that change the world. Its range of world-first Morro materials are natural alternatives developed to address the plastic pollution crisis, and have been designed to eliminate the worldʼs most polluting plastics.

400 million tonnes of plastic waste produced every year globally according to figures from the  United Nations.. Morro™ materials re designed to leave nothing harmful behind.

Made from plants with no chemical modification, they are completely plastic-free, home compostable, fully biodegradable, and SUPD exempt. In scaling their Morro™ materials, Xampla has partnered with leading organisations including 2M Group of Companies, ELEMIS Skincare, Transcend Packaging, Just Eat and Gousto.

Find out more at www.xampla.com/morro-materials

Media contact:

Catherine Kitchen
Catherine@higginsonstrategy.com
+44 7763 671 844

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£10.2m investment in green materials innovation company Xampla

BGF

The funding from Emerald Technology Ventures, BGF and Matterwave Ventures will support Xampla’s mission to replace single-use plastics with plant-based alternatives.

3 September 2025
Xampla investors

A major injection of more than £10 million in private capital is set to accelerate UK materials innovation company Xampla’s mission to replace single-use plastics with alternatives made from plants.

The round has been led by Emerald Technology Ventures (which runs Europe’s first specialist, venture-backed investment fund targeting the full packaging lifecycle), alongside BGF and Munich-based Matterwave Ventures.

Over the next five years, the funding will see Xampla’s revolutionary Morro™ materials replace more than 10 billion units of the most polluting single-use plastic, including plastic linings found in takeaway boxes, coffee cups and sachets.

Global plastic production is estimated to rise to a billion tonnes annually, and with less than 10% of plastic ever produced being recycled, there are now 8 billion tonnes of plastics and microplastics in our global environment.

Alexandra French, Chief Executive at Xampla, said: “This is a major vote of confidence for our revolutionary replacements for polluting plastics, and will see us expanding into Asia Pacific, as well as growing in the UK and Europe.

“We have proven to investors and to brands that Morro™ materials are the real deal in making plastic a material of the past. In just the next five years, Xampla will replace 10 billion pieces of single-use plastic. This is the technology the industry has been crying out for. Our ambition now is nothing less than to see our products – proudly bearing their Morro marque – become the world’s go-to plastic replacement.”

Xampla’s Morro™ materials offer a world-first natural polymer alternative. Made from regenerative plant proteins, they are completely plastic-free, biodegradable and home compostable.

Xampla team developing Morro materials in the lab

Through partnerships with big names such as 2M Group of Companies, Huhtamaki and Transcend Packaging, Xampla has already replaced polluting coatings on boxes used by food delivery giant Just Eat Takeaway and Bunzl Catering Supplies.

Unlike plastic, Morro™ Coating also maintains the recyclability of cardboard without compromising on grease, oxygen and moisture barrier properties.

The company’s Morro™ films, being commercialised through global partnerships, are soluble, giving them the potential to replace polluting plastic PVA films in dishwasher tablets and laundry pods. They are also food-safe and can be used as edible replacements for packaging a wide range of single-serve products, from sweets to soups.

Xampla is also working in partnership with leading FMCG brands and fragrance houses to deploy Morro™ materials in place of harmful plastic microencapsulates, used to convey scents and active ingredients in homecare and beauty products.

Made from abundant and natural plant protein feedstocks, including peas, rapeseed and sunflower, the materials are completely PFAS and plastic-free, and exempt from the European Union’s Single-Use Plastic Directive (SUPD).

Rowan Bird, Investor at BGF, commented: “Xampla’s technology stands out as a truly scalable and practical alternative to plastic. Its patented, entirely natural and PFAS-free material is not only strong in performance, but also drop-in ready for existing manufacturing lines, making it an attractive option for brands looking to adopt more sustainable solutions.

“We believe in the strength of the team, the quality of the product, and the positive role Xampla can play in helping reduce reliance on polluting plastics. We’re excited to support their continued growth as they bring this innovation to more partners and applications.”

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Atlas Holdings Announces Sale of Saxco

Atlas Holdings

GREENWICH, Conn.–(BUSINESS WIRE)–Atlas Holdings (“Atlas”) today announced it has entered into a definitive agreement to sell Saxco International, LLC (“Saxco”) to Novvia Group (“Novvia”), which is backed by Kelso & Company (“Kelso”). The transaction is anticipated to close in the first quarter of 2025, subject to customary closing conditions. Terms were not disclosed.

Headquartered in Fairfield, California, Saxco is a leading value-added distributor of rigid packaging, focused on the beverage market. Founded in 1936, Saxco serves a loyal customer base of more than 5,000 wineries, brewers, distillers, and specialty food and beverage manufacturers across North America. With a strong heritage in glass, Saxco is today known for its eco-friendly and sustainable packaging solutions. Now servicing customers for almost a century, Saxco enjoys deep customer relationships that span more than 50 years. With an exceptional Leadership Team, Saxco experienced tremendous growth since Atlas’ acquisition in December 2019, strengthening its sourcing capabilities while growing and diversifying its customer base of premier brands.

“We want to congratulate CEO JB Berry and his superb team at Saxco. We are immensely proud of the transformation we drove together in our five-year partnership with Saxco,” said Atlas partner Sam Astor. “Saxco is a textbook example of a core Atlas competency – recognizing a business with a clear reason to exist and working in partnership with the Leadership Team to seize on the opportunity to return it to a position of market leadership. Saxco has diversified its supplier network and expanded the scope of services available to customers, deepening its already strong industry relationships while gaining traction with new end markets through innovation and a commitment to reliability. We wish them much continued growth in the years ahead.”

“It has been an honor to lead Saxco alongside the Atlas team. Together, we built an exceptional business and we’re looking forward to what lies ahead,” said Saxco CEO JB Berry.

About Atlas Holdings

Headquartered in Greenwich, Connecticut and founded in 2002, Atlas and its affiliates own and operate 26 companies, which employ more than 50,000 associates across 350 facilities worldwide. Atlas operates in sectors such as automotive, building materials, capital equipment, construction services, food manufacturing and distribution, metals processing, packaging, paper, power generation, printing, pulp, supply chain management and wood products. Atlas’ companies together generate approximately $16 billion in revenues annually.

 

About Saxco

At Saxco International, LLC, our mission is to “package customers’ dreams.” With more than 80 years of industry experience providing a broad range of packaging solutions and supply chain services to the wine, spirits, beer and food industries, Saxco offers a broad range of packaging products including glass, metal, and plastic containers, capsules, closures, custom packaging and mold development. Headquartered in Concord, California, Saxco has a vast network of customer support and fulfillment centers operating throughout the United States, Canada and Asia and was just awarded the Best Bottles Supplier in the nation from Spirited Magazine’s annual Reader’s Poll.

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Gryphon Investors to Sell Shermco to Blackstone in $1.6 Billion Transaction

Gryphon Investors

Gryphon Investors (“Gryphon”), a leading middle-market private investment firm, announced today that it has entered into a definitive agreement to sell its portfolio company Shermco (“the Company”), a leading player in electrical testing, engineering, maintenance and repair, to private equity funds affiliated with Blackstone (NYSE: BX). The transaction is valued at approximately $1.6 billion.

Founded in 1974 and headquartered in Irving, TX, Shermco is one of the largest electrical testing organizations accredited by the InterNational Electrical Testing Association (“NETA”), providing comprehensive electrical system maintenance, repair, testing, commissioning, and engineering & design services, with more than 600 NETA technicians and 200 engineers across 40 service centers in the U.S. and Canada. Shermco provides critical services for data centers, utilities and other diversified commercial and industrial end-markets, partnering with customers to enhance the safety, reliability and efficiency of their critical electrical infrastructure, while minimizing downtime and outages.

Gryphon, which made its initial investment in Shermco in June 2018, partnered with CEO Phil Petrocelli and other members of Shermco management to achieve strong organic growth and operating margin improvement at Shermco, while also building through add-on acquisitions.

Alex Earls, Partner and Co-Head of the Business Services Group at Gryphon, said, “We are proud of the exceptional business building and financial performance achieved by Shermco management, including two-fold revenue growth under Gryphon’s ownership. We are pleased that Blackstone recognized the strength of Shermco’s platform and believe the firm will be an excellent partner for Shermco management in its next phase of growth.”

Mr. Petrocelli commented, “With Gryphon’s support and operational expertise, Shermco has become a highly valued partner for its blue-chip customer base. We look forward to pursuing organic initiatives and making additional add-on acquisitions in partnership with Blackstone.”

Harris Williams served as lead financial advisor to Shermco and Kirkland & Ellis acted as legal advisor to Gryphon.

# # #


About Gryphon Investors

Gryphon Investors is a leading middle-market private investment firm focused on profitably growing,

competitively advantaged companies in the Business Services, Consumer, Healthcare, Industrial Growth,

Software, and Technology Solutions & Services sectors. With more than $10 billion of assets under management, Gryphon prioritizes investments in which it can form strong partnerships with founders, owners, and executives to accelerate the building of leading companies and generate enduring value through its integrated deal and operations business model. Gryphon’s highly differentiated model integrates its well-proven Operations Resources Group, which is led by full-time, Gryphon senior operating executives with general management, human capital acquisition and development, treasury, finance, and accounting expertise. Gryphon’s three core investment strategies include its Flagship, Heritage, and Junior Capital strategies, each with dedicated funds of capital. The Flagship and Heritage strategies target equity investments of $50 million to $500 million per portfolio company. The Junior Capital strategy targets investments of $10 million to $25 million in junior securities of credit facilities, arranged by leading middle-market lenders, in both Gryphon-controlled companies, as well as in other private equity-backed companies operating in Gryphon’s targeted investment sectors.

About Shermco

Headquartered in Irving, TX, Shermco provides electrical testing, maintenance, commissioning and repair services to a wide range of utility, industrial, energy and other end markets. With more than 40 locations, Shermco serves a diversified blue-chip client base across North America. The Company is an active participant in NETA (the InterNational Electrical Testing Association), EASA (Electrical Apparatus Service Association), and ACP (American Clean Power Association). For more information, visit www.shermco.com.

Contact:

Lambert

Caroline Luz

203-570-6462

cluz@lambert.com

or

Jennifer Hurson

845-507-0571

jhurson@lambert.com

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Blackstone Announces Agreement to Acquire Shermco for Approximately $1.6 Billion

Blackstone

New York, NY – August 21, 2025 – Blackstone (NYSE: BX) announced today that private equity funds affiliated with Blackstone (“Blackstone”) have entered into a definitive agreement to acquire Shermco, a leading provider of full life-cycle electrical equipment services, from Gryphon Investors, a leading middle-market private investment firm. The transaction values the business at approximately $1.6 billion.

Founded in 1974, Shermco is one of the largest electrical testing organizations accredited by the InterNational Electrical Testing Association (“NETA”), providing comprehensive electrical system maintenance, repair, testing, commissioning and design services, with more than 600 NETA technicians and 200 engineers across 40 service centers in the U.S. and Canada. Shermco provides critical services for data centers, utilities and diversified commercial and industrial end-markets, partnering with customers to enhance the safety, reliability and efficiency of their critical electrical infrastructure, while minimizing downtime and outages.

JP Munfa and Michael Staub, Senior Managing Directors at Blackstone, said: “Shermco’s maintenance, testing, and commissioning services are vital to maintaining the reliability and safety of mission-critical electrical infrastructure. We are excited to partner with Phil Petrocelli and his exceptional leadership team to build on Shermco’s strong momentum and expand its ability to serve customers nationwide as a trusted provider of essential electrical services.”

David Foley, Global Head of Blackstone Energy Transition Partners, added: “As a leading energy investor focused on investment opportunities related to increasing electrification and the energy transition, we proactively seek out companies with strong, entrepreneurial management and work with them to fully capitalize on growth opportunities, building scale and competitive advantage. Shermco is well positioned to benefit from continued growth in the installed base of technically complex electrical equipment both on the grid and behind the meter and is the twelfth investment commitment from our most recent energy transition fund since the initiation of its investment period in June last year.”

Phil Petrocelli, CEO of Shermco, said: “Partnering with Blackstone marks an exciting next step in our growth trajectory. Together with its scale, resources and deep expertise across the energy industry, we’re excited to continue serving our customers’ critical power-system needs and expand our footprint and capabilities for our talented technicians and engineers – all while maintaining Shermco’s unwavering commitment to safety, service and excellence.”

Shermco represents the latest in a number of recent transactions Blackstone Energy Transition Partners has announced behind its high-conviction investment themes in electrification and the ongoing energy transition, including Enverus, Lancium, Power Grid Components, Potomac Energy Center, Sediver, Trystar, Westwood, and others. Blackstone Energy Transition Partners and Blackstone’s private equity strategy for individual investors are each expected to invest in Shermco as part of this transaction.

Stifel and JPMorgan acted as financial advisors and Vinson & Elkins acted as a legal advisor to Blackstone. Harris Williams served as a financial advisor and Kirkland & Ellis served as a legal advisor to Gryphon Investors and Shermco.

About Blackstone Energy Transition Partners    
Blackstone Energy Transition Partners is Blackstone’s energy-focused private equity business, a leading energy investor with a successful long-term record, having committed over $27 billion of equity globally across a broad range of sectors within the energy industry. Our investment philosophy is based on backing exceptional management teams with flexible capital to provide solutions that help energy companies grow and improve performance, thereby delivering cleaner, more reliable and affordable energy to meet the needs of the global community. In the process, we build stronger, larger scale enterprises, create jobs and generate lasting value for our investors, employees and all stakeholders. Further information is available at https://www.blackstone.com/our-businesses/blackstone-energy-transition-partners/.

About Shermco
Headquartered in Irving, TX, Shermco provides electrical testing, maintenance, commissioning and repair services to a wide range of utility, industrial, energy and other end markets. With more than 40 locations, Shermco serves a diversified blue-chip client base across North America. The Company is an active participant in NETA (the InterNational Electrical Testing Association), EASA (Electrical Apparatus Service Association), and ACP (American Clean Power Association). For more information, visit www.shermco.com.

Media Contacts
 
Blackstone
Jennifer Heath
Jennifer.Heath@Blackstone.com
(347) 603-9256

Shermco
Drew Johns
Drew.Johns@shermco.com

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KKR Leads Financing for Harvest Partners’ Growth Investment in Med-Metrix

KKR

NEW YORK–(BUSINESS WIRE)– KKR, a leading global investment firm, today announced that credit funds and accounts managed by KKR served as lead investors on a financing to support the growth investment from funds managed by Harvest Partners, LP (“Harvest”) in Med-Metrix, LLC (“Med-Metrix” or “the Company”), a leading provider of technology-enabled Revenue Cycle Management (“RCM”) solutions. KKR Capital Markets also served as Left Lead Arranger and Bookrunner on the transaction.

The Company’s management team, led by CEO Joseph Davi, will continue to lead Med-Metrix and remain significant owners of the business. Med-Metrix’s prior owner, A&M Capital (“AMC”), will retain a minority stake in the Company and invest additional capital as part of the transaction.

Founded in 2010 and based in New Jersey, Med-Metrix is a leading platform providing RCM services and technology to health systems and physician groups across the United States. The Company offers end-to-end and point solution services supported by its proprietary technology platform.

Credit funds and accounts managed by KKR originally served as the sole lenders in the financing for AMC’s acquisition of Med-Metrix in 2021.

“Our long-standing relationships with Med-Metrix, Harvest, and AMC allowed us to move quickly and with conviction to seamlessly deliver a scaled solution for this transaction,” said Alexander Foreman, a Managing Director at KKR. “We are pleased to further deepen our commitment to Med-Metrix as part of this milestone growth investment, which serves a testament to the remarkable success of Joe and the entire team in expanding the Company’s reach and building out its comprehensive suite of offerings to serve even more healthcare systems and providers across the country.”

About KKR

KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group’s website at www.globalatlantic.com.

About Med-Metrix

Med-Metrix is a leading technology-enabled services platform providing RCM and Business Intelligence (“BI”) solutions for health systems and physician groups across the United States. Med-Metrix provides end-to-end as well as point solution RCM and BI services via the Company’s proprietary software platform. More information is available at www.med-metrix.com.

About Harvest Partners

Founded in 1981, Harvest Partners is an established private equity firm with over 40 years of experience investing in middle-market companies and partnering with high-quality management teams to build growing businesses. For more information, please visit www.harvestpartners.com.

About A&M Capital

A&M Capital is a multi-strategy private equity investment firm with over $6.0 billion in total commitments across its funds, vehicles, and accounts. The firm is led by a highly experienced investment team, which is augmented by a strategic association with A&M Consulting, a leading global operationally focused advisory firm. A&M Capital combines a focus on middle-market private equity investing with deep operational expertise, industry knowledge, and global corporate relationships, making A&M Capital an attractive partner to management teams and business owners. A&M Capital is headquartered in Greenwich, CT, with offices in Los Angeles, CA, West Palm Beach, FL, London, UK, and Milan, IT. For more information, visit www.a-mcapital.com.

Lauren McCranie
media@kkr.com

Source: KKR

 

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Defibrion expands emergency response offering with acquisition of Ecosafety

IK Partners

Groningen, Netherlands, 05 August 2025 – Defibrion B.V. (“Defibrion”) a leading Dutch distributor of automated external defibrillators (“AEDs”) and other emergency response products, has completed the acquisition of Ecosafety B.V. (“Ecosafety” or “the Company”), a leading distributor of fire safety equipment.

Founded in 2009 and headquartered in Barendrecht, Ecosafety is one of the largest independent fire safety distributors in the Netherlands, serving installation companies across a broad range of products. Its offering includes fire extinguishers, fire hose reels, related fire safety and emergency products as well as AEDs. Jane Lewis will continue to lead the company.

As a result of this acquisition, Defibrion will significantly expand its product offering across the emergency response market. This will enable Defibrion to serve as a comprehensive provider, catering to most of their customers across all needs, thereby simplifying the supplier landscape. The combined group will have approximately 65 employees, operating from four locations across the Netherlands and Belgium. The group will continue to look for other suitable acquisition targets to expand throughout Europe.

Joshua Valkenier, Co-Founder and CEO of Defibrion, said: “The acquisition of Ecosafety marks an exciting step forward for Defibrion as we expand our footprint in the emergency response space. Ecosafety’s high-quality fire extinguishers and emergency safety equipment are highly complementary to our core AED offering and will enhance our presence in the growing fire safety market. We look forward to welcoming Jane and her team on board to build a full-service provider of emergency response solutions.”

Jane Lewis, CEO of Ecosafety, added: “Joining forces with Defibrion is a proud moment for Ecosafety and a natural next step in our growth journey. We look forward to working with Joshua and his team at Defibrion, combining our strengths to create new opportunities, expand our reach and deliver even greater value to customers across Europe.”

Andre Jeuken, Founder of Ecosafety, concluded: “After a long and intense period of building Ecosafety, it is now time to formally hand over to Jane Lewis. We have prepared for this transition a long time already and I’m confident that she will continue to push our company to new heights.”

For more information, please contact:
Luit Romeijnders at Defibrion – Luit@defibrion.nl

About Defibrion

Founded in 2008, Defibrion provides a broad range of AEDs and emergency response solutions to customers across Europe. The company offers a full-service concept, including product selection, installation, maintenance, and training. Defibrion also developed the ARKY AED cabinet series, which is sold to distributors in more than 35 countries worldwide. With a strong focus on reliability and service, Defibrion supports businesses, governments, and institutions in building safer environments. For more information, visit defibrion.com

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About Ecosafety

Founded in 2009 and based in Barendrecht, Ecosafety is a trusted supplier of fire safety equipment and emergency response products. The company serves a broad network of installation partners across the Netherlands, offering a wide range of certified fire extinguishers, hose reels, AEDs, and related safety solutions. Known for its technical expertise, reliable service, and high-quality product offering, Ecosafety supports its customers in meeting the highest standards of fire safety and compliance. For more information, visit ecosafety.n

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