- JZ Capital Partners has expanded its US vertical portfolio by making two acquisitions alongside Edgewater Funds LP.

JZCP and Edgewater invested $1.6m each to acquire Action Products Marketing Corporation and ConShield Technologies Incorporated, an infrastructure rehabilitation company with headquarters in Johnston, Iowa.

The company specialises in formulating and selling cementitious manhole and pipe rehabilitation products and provides the associated equipment used for application itself. The acquisition of APMCS is the third for the water infrastructure sub-vertical and the sixth for the water business overall.

JZCP and Edgewater also invested $1.31m each to acquire PPM Information Solutions, Inc, an anaesthesia billing software and service company. PPMIS operates two business lines, generating revenue from its proprietary billing and practice management software platform used by anaesthesia practices and other billing companies, and by providing outsourced medical billing services to anaesthesia practices.

The acquisition of PPMIS is the third for the Bolder Healthcare Solutions vertical.

At 1:04pm: [LON:JZCP] JZ Capital Partners Ltd share price was 0p at 412p

Story provided by