--- title: "PE Weekly: Strategics Offload Assets to PE Buyers" url: https://burnaze.com/article/b6558484-568c-46c1-bcd9-984d27e25a2b source: "Middle Market Growth" original_url: https://middlemarketgrowth.org/pe-weekly-strategics-sell-assets-pe-buyers/ author: "Carolyn Vallejo" category: "Finance" topics: ["Finance & M&A"] published: 2026-04-30T13:00:52.000Z modified: 2026-10-31T13:18:13.048Z image: https://middlemarketgrowth.org/wp-content/uploads/2026/04/pe-weekly-strategics-sell-assets-pe-buyers.jpg --- # PE Weekly: Strategics Offload Assets to PE Buyers **TL;DR:** A weekly roundup of private equity activity, including big-ticket divestitures from Honeywell and Thermo Fisher Scientific. *By Carolyn Vallejo, originally published in Middle Market Growth on 2026-04-30. [Read the original](https://middlemarketgrowth.org/pe-weekly-strategics-sell-assets-pe-buyers/).* ## Key facts - American Industrial Partners acquires Honeywell assets - Astorg buys Thermo Fisher microbiology business for $1 billion - FTV Capital invests in Valitana ## Story **American Industrial Partners Carves out Honeywell Assets.** Integrated operating company Honeywell said in its 2026 first quarter results that it has reached an agreement to sell its warehouse and workflow solutions business. American Industrial Partners, which focuses on the industrial sector, will acquire the assets, according to a press release. **Astorg Takes Thermo Fisher Microbiology Business Private.** Thermo Fisher Scientific announced this week that it reached an agreement to sell its microbiology business in a $1 billion transaction. European private equity firm Astorg will acquire the business, a press release said. **FTV Capital Backs Valitana.** FTV Capital, a growth equity firm focused on financial technology, has invested in Valitana, a provider of analytics, workflow, and portfolio management solutions for structured credit professionals. The company said it will use the funding to invest in product innovation, its AI roadmap, and expansion into markets adjacent to the structured credit space. ## Private Equity Deals **Bernhard to Acquire Cleco.** Stonpeak and Bernhard Capital Partners (Bernhard) announced this week it reached an agreement to acquire electric utility Cleco Group. The company is a consortium of businesses that includes Macquarie Asset Management, BCI, and Manulife Investment Management. **BlueFive Joins Buyers of Porsche’s Divested Bugatti Rimac Stake.** Porsche AG is selling its 45% stake in Bugatti Rimac, the joint venture between Porsche and Rimac Group established in 2021. A consortium of investors led by venture capital firm HOF Capital is acquiring the stake, with private equity firm BlueFive Capital as its largest investor, reports in CNBC said. **Behrman Capital Acquires Metallizing Service Company.** Behrman Capital, a private investment firm, has acquired Metallizing Service Company. The business provides engineered thermal spray coatings and finishing services for the military, commercial aerospace, and industrial gas turbine spaces. **Edison Partners Invests $20M in CleanDesign.** CleanDesign, an energy technology company, announced it received a $20 million growth investment from Edison Partners. The company will use the funding to accelerate deployment of its Hybrid Energy Management Systems. **Catchment Invests in Vertech Industrial.** Catchment Capital, a middle-market private equity firm focused on the industrials sector, has acquired Vertech Industrial Systems. The company is a process automation and digital systems integrator. ## Growth Investments **Allied Industrial’s CES Power Closes Three Add-ons.** CES Power, a global provider of infrastructure for live events, has completed three add-on acquisitions. The company acquired GH Energy Rental, Event Power, and Purecore. CES is a portfolio company of Allied Industrial Partners. **Southfield’s Protos Acquires AT-RISK.** Protos, also known as Security Services Holdings, has acquired AT-RISK International, according to a press release. Protos provides tech-enabled managed services security, and AT-RISK provides executive and general protective services and risk consulting services. Protos is a portfolio company of Southfield Capital. **Renovus Capital’s Superior Acquires Chant Healthcare.** Superior Health Holdings, a portfolio company of Renovus Capital Partners, has acquired Chant Healthcare. The business provides home health, homecare, and hospice services. **Godspeed’s ERG Acquires Haltom Engineering.** Engineering Resource Group (ERG), an engineering, consulting, and design firm backed by Godspeed Capital Management, has acquired Haltom Engineering. The company provides mechanical, electrical, plumbing, and fire protection services. **Waterloo Capital Invests in Allied Portfolio Management.** RIA Waterloo Capital announced this week it acquired an equity stake in wealth management firm Allied Portfolio Management. The combined practice will operate under the Waterloo Capital name and enhance its suite of services, including institutional asset management, financial planning, and family office situations. **First Eagle Takes Diamond Hill Private.** First Eagle Investments, an investment management firm, has acquired Diamond Hill Investment Group, taking the boutique investment management firm private. First Eagle will retain Diamond Hill’s investment philosophy and processes, the firm said in its announcement. ## Entities - Middle Market Growth (publication) - Carolyn Vallejo (person) --- Originally reported by Carolyn Vallejo, Middle Market Growth (https://middlemarketgrowth.org/pe-weekly-strategics-sell-assets-pe-buyers/). Summarized by Burnaze (https://burnaze.com/article/b6558484-568c-46c1-bcd9-984d27e25a2b).