Mergers and Acquisitions - themiddlemarket.com

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Progress Equity Partners, a private equity firm based in Denver, Colo., has recapitalized ProSet LLC. Founded in 2015, ProSet Modular is a set services company for permanent modular construction, providing services for manufacturers, general contractors and developers across the United States. #ModularBuildings

Braemont Capital, a private equity firm, has made an investment in TEC Services LLC. Headquartered in Columbia, Md., TEC delivers technology-driven, tailored janitorial and sanitation services with over a decade of experience under its belt. #JanitorialService #SanitationServices

Ares (NYSE: ARES) has promoted Kevin Alexander, partner in Ares’ alternative credit strategy, to co-head of alternative credit alongside current co-heads Keith Ashton and Joel Holsinger. Alexander joined Ares in 2019 and has been a key leader and contributor to the alternative credit team’s growth and success, playing a role in the strategy’s investment origination and structuring efforts. #Financialservices #Investmentbanking #Lending #People #Privateequity

Buyout firm Advent has named Sergio D’Angelo to lead healthcare dealmaking in Europe, according to Bloomberg News. D’Angelo is taking over from Tom Allen to run the healthcare team in Europe, Bloomberg reported. Allen will remain with the private equity firm, focusing on managing the healthcare portfolio in the region, as reported by Bloomberg. #Healthcare #People #Privateequity

Morgan Stanley (NYSE: MS) has promoted Lily Mahdavi and Ben Teasdale to co-lead its mergers and acquisitions team in the Americas, according to Bloomberg News. Mahdavi and Teasdale have been part of Morgan Stanley’s M&A group since 2012 and 2015, respectively. #Financialservices #Investmentbanking #People

Party City emerged from bankruptcy in October 2023, freed from $1 billion of debt and with “an excellent foundation in place to drive long-term growth,” as then-CEO Brad Weston put it. #Bankruptcy #Restructuring

BlackRock (NYSE: BLK) hauled in an annual record of $641 billion in client cash, underlining the firm’s global reach across stocks and bonds, index and active funds and increasingly the fast-growing — and lucrative — market for private assets. #ETFs #Fundraising #Privateassets

Fort Point Capital, a Boston-based private equity firm focused on investing in service-oriented companies in the lower middle market, has promoted Michael Duffy from vice president to principal and David Sher from senior associate to vice president. #People #Privateequity

Civitas Resources Inc. (NYSE: CIVI) is exploring a sale of part or all of its assets in the Denver-Julesburg Basin, which could be valued at more than $4 billion, as reported by Bloomberg News. Civitas would be open to divesting fully from the basin in Colorado if it receives a sufficiently attractive offer, Bloomberg reported. #DenverJulesburgBasin #Oil