Kinderhook exits Copperweld; Sverica invests in Raken

Deal Wrap is updated as of 3 p.m. ET.

– Kinderhook Industries LLC sold Copperweld, a copper-clad steel and aluminum wire manufacturer, to investment fund affiliates of Rhone Group LLC. Kirkland & Ellis LLP was Copperweld's legal adviser, and Lincoln International was its financial adviser on the deal.

– Raken Inc., which provides field management software to the construction sector, received strategic growth investment from Sverica Capital Management LP.

– AEA Investors LP's middle-market private equity team partnered with British Columbia Investment Management Corp. to buy Pave America LLC, a provider of commercial paving maintenance services. Sellers Trivest Partners LP and Shoreline Equity Partners LLC will retain a minority stake in Pave America, alongside the company's management.

– Red Dog Equity LLC sold environmental services holding company Superior Waste Industries LLC to GFL Environmental Inc. Stifel was Superior Waste's financial adviser on the all-cash deal.

– Waterpoint Lane led a strategic investment in Heritable Agriculture Inc., an agricultural food technology company.

– Council Capital and its affiliates invested more than $30 million in GeoH Inc., which provides practice management software and services to home care agencies.

– New Enterprise Associates Inc. led a $300 million series D equity funding round for Strive Health LLC. The kidney care company also received $250 million in debt financing led by Hercules Capital Inc.

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