National

Excel Group, an Arlington, VA-based real estate investment firm focused on hotel properties, has formed a strategic partnership with Ares Management’s Real Estate Secondaries funds to co-invest in a portfolio of eight Marriott- and Hilton-branded hotels. The partnership aims to fuel the expansion of Excel’s hotel portfolio, which currently stands at 44 assets comprising 5,513 ...

QXO, Inc. has struck a deal to acquire Beacon Roofing Supply, Inc. for $11 billion, or $124.35 per share, in an all-cash transaction. The deal, which includes all of Beacon’s outstanding debt, targets its extensive network of nearly 600 branches across the U.S. and Canada, tapping into the $800 billion building products distribution industry. Expected ...

Frazier Healthcare Partners, a Seattle-based private equity firm, has secured a passive minority investment from Petershill at Goldman Sachs Alternatives. The capital provides an additional lift to the firm, coming on the heels of the successful close of its 11th flagship fund, Frazier Healthcare Growth Buyout Fund XI. That fund hit its hard cap of ...

Castlelake L.P., a global alternative asset manager specializing in asset-based private markets, announced the final close of Castlelake Aviation V Stable Yield L.P. Together with related aviation strategy investment vehicles, accounts, and co-investments, the fund secured over $2 billion. This raise reflects a mix of new and longstanding relationships with a diverse array of global ...