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Arlington exits medical equipment company Riverpoint to Novanta in $1.45bn deal; Capitol Meridian and Industrial Growth among latest aerospace dealmakers

Reported by Pehub
Jul 27, 2026· 2 min read
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Key Takeaways
  • • Arlington Capital Partners divested medical equipment company Riverpoint to public company Novanta in a $1.45 billion transaction, representing a significant exit from the PE firm's healthcare portfolio.
  • • Blackstone Energy Transition Partners achieved a $7 billion exit of an energy storage developer to Brookfield, underscoring continued institutional capital flow in the energy transition sector.
  • • Capitol Meridian Partners and Industrial Growth Partners are among active aerospace dealmakers, signaling ongoing PE activity in the defense and aerospace supply chain.
  • • The transactions highlight PE firms' strategic use of secondary sales to public acquirers as exit mechanisms in capital-intensive sectors including medical devices, energy infrastructure, and aerospace.
Summary
Arlington Capital Partners completed the sale of Riverpoint, a medical equipment company from its portfolio, to Novanta in a $1.45 billion transaction. The deal represents a notable exit for Arlington in the healthcare sector and reflects the ongoing appetite among public medical device and industrial companies for bolt-on acquisitions from PE portfolios.

Concurrent with the Riverpoint transaction, Blackstone Energy Transition Partners executed a $7 billion exit by selling an energy storage developer to Brookfield. The transaction underscores institutional capital's sustained focus on energy transition infrastructure and the scale at which diversified infrastructure platforms are acquiring specialized energy assets from financial sponsors.

Beyond the medical equipment and energy sectors, aerospace dealmaking remains active among PE firms. Capitol Meridian Partners and Industrial Growth Partners are among the leading private equity platforms currently executing transactions in aerospace, a sector benefiting from elevated defense spending and commercial aviation recovery. These aerospace deals reflect PE's broader positioning in capital-intensive industrial verticals with secular growth tailwinds.

Collectively, these transactions illustrate a mature exit environment where PE firms leverage sales to strategic corporate buyers and infrastructure platforms to realize returns. The deal activity across healthcare, energy transition, and aerospace demonstrates continued bifurcation between sectors—with infrastructure and defense-adjacent verticals attracting sustained M&A momentum.

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Sources

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AlphaMaven summarised this story from the reporting below. Each link opens the original article.

Pehub Arlington exits medical equipment company Riverpoint to Novanta in $1.45bn deal; Capitol Meridian and Industrial Growth among latest aerospace dealmakers