October Capital acquires Takkion

Siris Capital has formed October Capital, a West Palm Beach, Fla.-based private equity firm focused on services businesses that help enterprises adopt and scale new technologies. October Capital has completed its first deal, acquiring Takkion, an energy industry services provider. Terms were not disclosed.

October Capital is led by CEO and managing partner Frank Baker, a Siris co-founder. The firm has 16 investment professionals and targets services for AI infrastructure buildout, physical security and financial infrastructure transformation, including digital assets.

Siris, founded in 2011, has deployed over $9.5 billion of equity, including more than $3 billion in services businesses. October Capital has also signed deals for EQ Retirement Solutions and Lenvi, both expected to close in November.