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Proviso, Stonehenge acquire majority stake in Algiere Construction Services

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Proviso, Stonehenge acquire majority stake in Algiere Construction Services

Lower middle-market firm private equity firm Proviso Capital and specialty finance company Stonehenge Capital purchased a majority stake in Plano, Texas-based Algiere Construction Services Inc.

Algiere provides design-and-build solutions for the U.S. hospitality industry. Financial terms of the deal, which closed Nov. 1, were not made public.

Generational Capital Markets Inc. advised Algiere on the deal.