M&A Deal Summary

GenNx360 Capital Partners Acquires HBS

On October 7, 2025, private equity firm GenNx360 Capital Partners acquired information technology company HBS from Alvarez & Marsal Capital Partners

Acquisition Highlights
  • This is GenNx360 Capital Partners’ 3rd transaction in the Information Technology sector.
  • This is GenNx360 Capital Partners’ 26th transaction in the United States.
  • This is GenNx360 Capital Partners’ 2nd transaction in Wisconsin.

M&A Deal Summary

Date 2025-10-07
Target HBS
Sector Information Technology
Buyer(s) GenNx360 Capital Partners
Sellers(s) Alvarez & Marsal Capital Partners
Deal Type Secondary Buyout

Target

HBS

Little Chute, Wisconsin, United States
HBS is a provider of IT solutions and managed services. HBS provides cloud computing, cybersecurity, data management, IoT consulting, software development, and other IT-related services to the enterprise, SMB, government, education, and healthcare markets. HBS was founded in 1992 and is based in Little Chute, Wisconsin.

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Buyer(S) 1

Buyer

GenNx360 Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2006
PE ASSETS 2.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

GenNx360 Capital Partners is a private equity firm focused on acquiring mid-sized US-based businesses. GenNx360 targets companies with revenues between $50 and $500 million and $5 to $35 million of EBITDA. The Firm looks to invest $25 to $100 million per transaction. Specific areas of interest include industrial water treatment, specialty chemicals/engineered materials, industrial machinery/equipment components, agriculture products and services, global transportation component parts, aerospace/defense, oil/gas services and business services. GenNx360 Capital Partners was formed in 2006 and is based in New York, New York.


DEAL STATS #
Overall 28 of 28
Sector: Information Technology M&A 3 of 3
Type: Secondary Buyout M&A Deals 11 of 11
State: Wisconsin M&A 2 of 2
Country: United States M&A 26 of 26
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-17 ITsavvy

Addison, Illinois, United States

ITsavvy is a technology solutions provider that delivers frictionless IT experiences to clients across multiple segments and industries. ITsavvy leverages the power of its partner ecosystem to design, develop and deliver technology infrastructure solutions that accelerate business outcomes on behalf of its clients. ITsavvy was founded in 2004 and is based in Addison, Illinois.

Sell $400M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-10-27 Aero 3

Bedford, New Hampshire, United States

Aero 3 is an aviation group providing aircraft parts, repair, and maintenance services through its brands AeroRepair, AirCrafters, Hemico, and Skywheels. The Company’s capabilities include component overhaul, wheel and brake servicing, PMA engineering, and parts distribution for commercial, business, and military aircraft operators across North America and international markets. Aero 3 was founded in 2019 and is headquartered in Bedford, New Hampshire.

Sell $350M

Seller(S) 1

SELLER
DESCRIPTION

Alvarez & Marsal Capital Partners (A&M Capital) is a private equity investment firm affiliated with financial advisory and due diligence provider Alvarez & Marsal. A&M Capital looks to invest $20 to $75 million in North American and Western European companies valued up to $750 million. The Firm looks for control situations where it can leverage its operational expertise. Sectors of interest include general industrial/manufacturing, consumer, retail, healthcare, business services, transportation, and energy. Alvarez & Marsal Capital Partners was established in 2011 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 7 of 7
Sector: Information Technology M&A 2 of 2
Type: Secondary Buyout M&A Deals 4 of 4
State: Wisconsin M&A 1 of 1
Country: United States M&A 7 of 7
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-04-21 GSTV

Detroit, Michigan, United States

GSTV is a media network for reaching on-the-go consumers. GSTV engages, influences and drives consumers to action with exclusive content from ESPN, CNN's Headline News and Buzz Today, Bloomberg TV, and AccuWeather at fuel retailers across the country. Its growing viewership continues to solidify video at the pump as an exemplary platform to reach a captivated, real-time audience. GSTV was founded in 2006 and is based in Detroit, Michigan.

Buy -