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  1. Parallel49 Equity Completes Sale of Kinetrex Energy

    LAKE FOREST, Ill., August 24, 2021-Parallel49 Equity today announced the successful closing of the sale of Indianapolis-based Kinetrex Energy to Kinder Morgan, Inc. (NYSE – KMI) for $310 million.  Parallel49’s Fund V acquired Kinetrex in December 2016.  The Transaction represents firm’s largest ever multiple of invested capital on single

  2. Road Safety Services Completes Add-On Acquisition of Twin Traffic Marking Corporation

    Road Safety Services (“RSS” or the “Company”), Parallel49 Equity’s portfolio company providing pavement marking and other related road safety services, completed its fifth acquisition, buying Twin Traffic Marking Corp. and Traffic Zone Services (collectively “Twin Traffic”). The acquisition broadens RSS’s service offering and significantly enhances the scale of the

  3. Parallel49 Exits BFG Supply

    Parallel49 Equity announces the sale of BFG Supply (“BFG”) to Incline Equity Partners, a Pittsburgh-based private equity firm. BFG is a market leading distributor of consumable supplies serving professional growers, such as commercial greenhouses and nurseries, as well as lawn & garden centers. Headquartered in Burton, Ohio, BFG’s product