Good morning Hubsters. Michael Schoeck here with the US Wire from the New York newsroom. Rapidly changing US environmental regulations have caused PE firms to take stock of new investment opportunities among service providers. Today we have a deep dive from Obey Martin Manayiti on a Morgan Stanley Capital Partners-backed company active in the air emissions controls and monitoring market. And we’ll provide our weekly companies for sale update, which highlights three newly announced exits from this week. Scaling up air emissions standards Morgan Stanley Capital Partners-backed Alliance Technical Group has made almost 30 add-ons, and the New York-based firm sees a pipeline for more as many companies navigate the changing environmental regulation landscape in the US. PE Hub caught up with MSCP managing director Eric Kanter to go over Alliance’s add-on strategy and how air emissions regulations factor into its bottom line. Subscribe to the premium version of the Wire to learn how MSCP amassed more than two dozen add-ons amid the changing emissions regulation market. Companies for sale In a sign of H2 25 deal activity picking up – despite the typical summer slowdown in companies for sale activity – we have three newly announced deals to highlight involving companies that PE Hub has tracked for sale. On Tuesday, Bow River Capital announced an agreement to sell commercial roofing company Progressive Roofing to listed builder TopBuild for $810 million, representing a 9.1x EBITDA multiple based on 2024 EBITDA. Readers of the premium version of the Wire can access ongoing companies for sale coverage. If you’ve got tidbits about companies coming to market, feel free to reach out to me at michael.s@pei.group That’s a wrap for me. Keep an eye out for the Europe edition of the Wire tomorrow from Irien Joseph and the US edition from John R Fischer. Cheers,
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