Good morning, Hubsters. Senior reporter Michael Schoeck here with the US edition of the Wire from the New York newsroom.
We’ll kick things off today with PE Hub’s monthly On the block series story, focused on fire safety providers.
And next up we’ll highlight a buildings products and homebuilding deal involving a large-cap strategic and Texas mid-market private equity firm.
Putting out fires
Fewer companies are hitting the auction block this spring than the same season in 2024. But one active subsector is fire safety, which will soon see three private equity-backed platforms go up for sale, according to confidential sources.
To access upcoming companies for sale content, including EBITDA valuations and add-on history, upgrade to the premium version of the Wire.
For more On the block series content, check out the March edition highlighting egg farmers and the February edition featuring freight, logistics and transportation providers.
An artisanal exit
In Monday after-hours deal news, Lowe's Companies announced a definitive agreement to acquire Artisan Design Group, a Sterling Group portfolio company, in a $1.3 billion transaction.
Upgrade to the premium version of the Wire to learn more about the deal as well as PE Hub’s Large-Cap North America Deal of the Year for 2024, which also highlights a homebuilding supply company.
That’s a wrap for me. Keep an eye out for the Europe edition of the Wire tomorrow from Sophie Rose, and the US edition from Rafael Canton.
Cheers,
Michael
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