Obey Martin Manayiti

'There are a lot of these single-facility players that focus on low-volume, complex parts, but it's hard for them to get to real scale just organically,' MiddleGround's Marty Sjoquist said.

'Markets such as life sciences and food safety have durable secular trends' in TIC, said partner Brandon Brahm.

Diversis Capital-backed Fishbowl lnventory buys Sellware.

AEI, Concord, Permira, Vistria and others recruited pros with hands-on experience running companies.

'Given the nature of this portfolio, and the synergies that are created, we are expecting mid- to high-teens rates of return from this portfolio,' said Angelo Acconcia, partner at ArcLight Capital.

'There is a burgeoning industry around the auditing of ESG data, and that's an area where the company is strong,' Morgan Stanley Capital Partners' Eric Kanter said.

PE firms go bullish over snacks.

'We have seen a tremendous amount of growth in at-home consumption for breakfast, meal and snacking occasions,' said Brynwood's Henk Hartong.

After making 21 acquisitions over four years, LMP sold NAC to APCO Holdings earlier in January.

Vista Equity Partners agreed to acquire Duck Creek in a $2.6bn take-private deal announced earlier in January.