Rafael Canton
The transaction is Servpro Global DRT's first add-on acquisition since Orangewood invested in it in December.
Rao's pasta sauce is the crown jewel of Sovos, which Advent International took public in 2021.
'We can handle every interaction with that customer in a way that maximizes their retention, their expansion or upsell, and ultimately the value for the company,' says Great Hill's Chris Gaffney.
One Equity partners-backed PGW Auto Glass acquired AutoglassCRM.
The impact traditional and generative AI will have on private equity dealmaking is still a question in 2024.
Orangewood, Summit Partners and Sun Capital are just a few of the PE firms making deals in restoration.
Falfurrias Capital Partners announced the acquisition of NPI, a provider of IT procurement services, in January.
'7 Brew is a prime example of a founder-led business that can really benefit from our data and expertise,' said Blackstone's Todd Hirsch.
Yellow Wood acquired Suave Brands from Unilever in 2023. In January, the firm announced ChapStick as Suave's first add-on deal under the PE firm's ownership.
OEP made a 3.5x return on investment and saw revenue increase more than 165% via organic growth.