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Lifestyle (w/e 7/17/26)
News (w/e 7/17/26)
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In-House Portfolio Operations Group vs External Operating Partner Firm: When to Build and When to Rent (2026)
A private equity firm that wants operating muscle has two ways to get it: build a captive operations team, or rent operators from outside. How the two models actually differ, and which fits the fund in front of you.
The consulting pyramid appears to have discovered gravity.
Real progress in a portfolio company rarely looks impressive at first.
PE returns are compressing. The industry response is more theatre.
Lifestyle (w/e 7/10/26)
News (w/e 7/10/26)
Deals (w/e 7/10/26)
Why Buy-and-Build Deals Fail: An Operator's Guide to Add-On Integration (2026)
The buy-and-build deck always works. A platform at 6x, three add-ons at 4.5x, blend the multiple down, grow the combined entity, exit the whole thing at 9x or 10x. On paper it is the most reliable value-creation story in the mid-market, which is why
Deals
Deals (w/e 4/10/26)
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Deals (w/e 4/3/26)
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Deals (w/e 3/27/26)
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Deals (w/e 3/13/26)
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Deals (w/e 3/3/26)
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Deals (w/e 2/27/26)
BlackRock GIP and EQT Target Clean Energy Assets from AES BlackRock’s Global Infrastructure Partners and EQT are circling clean energy assets tied to AES at a moment when renewable valuations have reset hard. After the 2025 drop off, private equity is not retreating. It is re underwriting. The math
Deals
Deals (w/e 2/19/26)
Ariel Alternatives Acquires Front Line Power Construction Ariel Alternatives has acquired Front Line Power Construction, with Cherokee Nation Businesses joining as a minority co-investor. Power grid infrastructure is no longer theoretical. It’s cables, substations, and hard backlog tied to AI data centers and electrification mandates. This isn’t
Deals
Deals (w/e 2/13/26)
Mubadala and TWG Take Clear Channel Outdoor Private in $6.2 Billion Deal Clear Channel Outdoor is being taken private in a $6.2 billion all-cash deal led by Mubadala Capital in partnership with TWG Global. Announced February 9, this is one of the largest leveraged buyouts of the
Deals
Deals (w/e 2/6/26)
None of the following are announced deals. These are themes repeatedly showing up in recent reporting, earnings commentary, banker conversations, and capital-markets behavior. PE Circling Honeywell’s Carve-Out Pipeline There’s increasing chatter around Honeywell as it continues to rationalize its portfolio, with large-cap sponsors like Advent
Deals
Deals (w/e 01/30/26)
Highlander Partners Acquires Tapatio Hot Sauce Highlander Partners acquired the Tapatio hot sauce brand from the founding family in a deal announced this past week. Price wasn’t disclosed, but the logic is pure consumer PE: a cult brand with absurd household penetration, decades of unspent brand equity, and zero
Deals
Deals (w/e 01/23/26
Dallas-based private equity firm Highlander Partners acquired the Tapatio hot sauce brand a top-5 U.S. condiment with a cult following, from its founding family. The purchase price wasn’t publicly disclosed, but the strategic logic is clear: consumer food brands with deep loyalty and retail shelf presence
Deals
Deals (w/e 1/16/26)
GI Partners Agrees to Acquire Netwatch GI Partners announced this week that it has agreed to acquire Netwatch, the AI-enabled security monitoring business. Netwatch sells into retail, logistics, and commercial real estate—places where theft, liability, and insurance premiums make “doing nothing” the expensive option. This is private equity