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Onex, Frontenac, Sterling said to test market for portcos; Trinity Hunt forms landscaping platform

Reported by Pehub
May 21, 2026· 2 min read
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Key Takeaways
  • • Three major industrial portfolio companies (portcos)—backed by Onex, Frontenac, and Sterling—are currently testing the market for potential sales or refinancings, while one unnamed company has paused its sale process according to market sources.
  • • Trinity Hunt Partners has formed Elevation Landscape Group, expanding its platform presence in the landscaping sector as part of its broader portfolio development strategy.
  • • Sunaina Sinha Haldea, global head of private capital advisory at Raymond James, will deliver a keynote address at PEI Group's Women in Private Markets Summit: North America, signaling continued focus on diversity and leadership in alternative asset management.
Summary
Three established private equity sponsors are actively exploring exit opportunities in the industrial sector. Onex, Frontenac, and Sterling have brought portfolio companies to market, according to sources familiar with the matter. The timing reflects broader market conditions for mid-market industrial asset sales, though specific deal values and company identities have not been disclosed in available reporting. Notably, one additional company in this cohort has temporarily halted its sale process, suggesting selective timing strategies among sponsors navigating current market dynamics.

In a separate development within the alternative asset space, Trinity Hunt Partners has established Elevation Landscape Group, marking an entry into the landscaping and grounds maintenance sector. The formation of this platform company indicates the firm's continued expansion strategy and diversification into service-oriented business models within the broader portfolio construction approach.

The institutional investment landscape continues to emphasize leadership visibility and diversity initiatives. Raymond James' Sunaina Sinha Haldea, who leads the firm's global private capital advisory division, has been selected as a keynote speaker for PEI Group's Women in Private Markets Summit: North America. This engagement underscores ongoing institutional commitments to advancing women in senior roles across alternative asset management and private capital markets.

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Sources

1 outlet

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

Pehub Onex, Frontenac, Sterling said to test market for portcos; Trinity Hunt forms landscaping platform