Add-on Acquisitions in 2018

Astorg-backed M7 Group agreed to acquire Liberty Global's direct-to-home (DTH) satellite TV operations serving Hungary (UPC Direct), the Czech Republic and Slovakia (freeSAT / Skylink) and Romania (FocusSat). The deal (subject to regulatory approval) adds about 800,000 customers and expands M7's footprint across Eastern Europe, enabling rollout of its hybrid satellite and OTT platform.

Safe Fleet Holdings, LLC, a portfolio company of Oak Hill Capital Partners, has acquired Roll-Rite Holdings Group LLC, a Gladwin, Michigan-based manufacturer of automated and semi-automated tarping systems. Roll-Rite was a portfolio company of Capital Partners and Argosy Private Equity; the deal expands Safe Fleet's product capabilities and presence in construction, agriculture and recycling end-markets.

DRS Imaging Services, a HiGro Group portfolio company, acquired a majority of the assets of docuLynx, Inc., a document management software and services provider based in Omaha, Nebraska. The acquisition expands DRS's document management capabilities and customer footprint across healthcare, education, government and corporate verticals and retains docuLynx's approximately 75 employees.

Gold Medal Group, a portfolio company of Kinderhook Industries, has acquired Apple Valley Waste Services (AVW) from Summer Street Capital Partners, with BioHiTech Global joining as a minority partner. AVW, based in Kearneysville, West Virginia, is a regional provider of municipal, commercial and roll‑off solid waste collection, transfer and recycling services; terms were not disclosed.

Construction Supply Group (CSG), a portfolio company of The Sterling Group, has acquired MASONPRO, a Northville, Michigan-based distributor of specialty masonry materials. The transaction is an add-on acquisition that expands CSG's footprint and product offering in the masonry and concrete accessories market.

JenCap Holdings LLC has agreed to acquire Risk Innovations LLC, a specialty wholesale insurance broker focused on workers' compensation based in Atlanta, Georgia. The acquisition adds to JenCap's specialty insurance distribution platform (formed with backing from The Carlyle Group) and is intended to expand Risk Innovations' programs, markets and capabilities nationwide; financial terms were not disclosed.

Solara Medical Supplies, backed by Linden Capital Partners, has acquired Huey's Home Medical, an Illinois-based direct-to-patient durable medical equipment and supplies provider. The acquisition expands Solara's Midwest footprint and strengthens its direct-to-patient diabetes and home medical equipment distribution capabilities.

Pharos Capital, through its Family Treatment Network (FTN) platform, has acquired ABA of North Texas, an outpatient autism services provider based in Plano and McKinney, Texas. The add-on expands FTN's behavioral health and applied behavior analysis (ABA) service offerings in North Texas; terms were not disclosed.

Albireo Energy, a building-automation and energy services platform backed by Huron Capital, has acquired Taylor Consulting and Contracting to expand its energy management, brokerage and procurement capabilities in the deregulated energy market. Taylor will continue day-to-day operations while joining Albireo's platform to enhance energy management, procurement and smart-building integration services.

CPS Performance Materials, a platform created and backed by Arsenal Capital Partners, has acquired FAR Chemical from Edgewater Capital Partners. The add-on acquisition expands CPS's specialty chemistry and cGMP manufacturing capabilities, broadening product offerings and end-market reach into pharmaceuticals, composites/CASE, electronics and personal care; terms were not disclosed.

American Construction Source (a Clearlake portfolio company), together with Angeles Equity Partners, acquired Arrow Building Center (also known as Consolidated Lumber Company) from Aiglon Capital. Based in Stillwater, Minnesota, Arrow operates 16 branches across Wisconsin and Minnesota and serves more than 1,000 professional contractors, home builders and DIY customers; the deal was an add-on to ACS’s platform to expand its Midwest footprint.

Corsearch Inc., an Audax Private Equity portfolio company, has acquired Yellow Brand Protection AB, a Sweden-based provider of online anti-counterfeiting and brand protection services. The deal expands Corsearch’s digital brand protection capabilities and global coverage across marketplaces and social media platforms as part of its buy-and-build strategy.

Digital Room, a portfolio company of H.I.G. Capital, has acquired Logo Sportswear, an e-commerce provider of custom promotional apparel and uniforms based in Wallingford, Connecticut. The acquisition expands Digital Room's range of customized apparel and promotional products; H.I.G. supported the deal and BNP Paribas provided debt financing.

Anne Arundel Dermatology Management (ADM), a portfolio company of NMS Capital, has affiliated with Rock Creek Dermatology and Skin Cancer Center LLC, a two-clinic dermatology practice serving Silver Spring and Urbana, Maryland. The affiliation makes Rock Creek part of ADM’s platform—bringing administrative, IT, revenue cycle, and clinical support—while Dr. Meghan Mitchell will continue to lead the practice as part of ADM’s expanding Maryland footprint.

Namakor Holdings has acquired B & C Packagings and Film Tech Plastics and will integrate the businesses into its Gelpac packaging platform. The deal adds polyethylene production capacity and R&D capabilities to Gelpac, supporting the company’s growth and ability to serve North American customers.

St. Louis-based EyeCare Partners completed acquisitions of three Kentucky ophthalmology practices — John-Kenyon Eye Centers, Bennett & Bloom Eye Centers, and McPeak Vision Partners — expanding its footprint in Louisville and southern/western Kentucky. The deals bring multiple doctors and locations into EyeCare Partners’ network to broaden patient access to ophthalmology and refractive services across the state.

Union Partners I LLC acquired the assets of Xcel Steel Pickling, Inc., a Dearborn, Michigan-based steel pickling and coil processing operation. The business has been integrated into Union Partners-owned Maksteel and will operate as Maksteel Processing, strengthening the platform's steel-processing capabilities and rail-served footprint in automotive and industrial markets.

Outward Hound, a J.W. Childs-backed portfolio company, acquired Planet Dog — a Made-in-USA dog toy brand known for its Orbee line and values-driven positioning. The add-on expands Outward Hound’s branded product offerings in the dog toy segment and follows Outward Hound’s acquisition by J.W. Childs in December 2017.

Vista Equity Partners has agreed to acquire 100% of Starhome Mach from Fortissimo Capital and will merge the business with its existing portfolio company Telarix to create an end-to-end roaming and interconnect software provider for global telecommunications carriers. The combined company, to be headquartered in Vienna, Virginia and led by Telarix's CEO, will offer integrated solutions across roaming, clearing, settlement, routing and fraud prevention to carriers and MVNOs worldwide.

Solutionz, Inc., a Fernandez Holdings portfolio company, has acquired Santa Maria-based AV integrator and communications systems manufacturer Quintron Systems, Inc. The deal adds Quintron's manufacturing division, government contracts, new office locations and technical talent to expand Solutionz's federal and audiovisual capabilities.

ZephyrTel, an ESW Capital software company focused on telecommunications solutions, has acquired Vasona Networks, a provider of mobile edge and network performance software for mobile operators. The deal strengthens ZephyrTel’s telco software portfolio and capabilities in mobile edge computing as part of its rapid build-out of a global telecommunications software group.

Baldwin Krystyn Sherman Partners (BKS-Partners), an insurance brokerage and risk management firm based in Tampa, Florida, has partnered with Montoya & Associates of Jacksonville, Florida. Montoya's advisors will continue to provide wealth management under the Montoya name (in conjunction with Kestra), while employee benefits, private risk management, commercial risk and retirement plan services will operate under the BKS-Partners platform.

Sonas Home Health Care, a portfolio company of Boyne Capital, has acquired Advanced Nursing Solutions, a Tampa-based pediatric home-care provider. The deal expands Sonas's pediatric home-health footprint in Florida and strengthens its position among the state's largest pediatric home-care providers.

Road Safety Services (RSS), a platform investment of Parallel49 Equity, completed three add-on acquisitions: Pavement Marking, Inc. (Phoenix, AZ), Mullen's Markings, Inc. (Culpeper, VA) and K&G Striping (Kansas City, MO). The deals expand RSS’s geographic footprint to eleven U.S. states and add traffic control, signage and specialized pavement-marking capabilities to its platform.

Alera Group, a national employee benefits, property & casualty, risk management and wealth management firm based in Deerfield, Illinois, has acquired three regional employee benefits firms: Burnham Benefit Advisors (Lake Placid, NY), Champion Benefits (Atlanta, GA) and VantagePoint Benefit Strategies (Lester, PA). The acquisitions expand Alera Group's national presence and deepen its capabilities in employee benefits, HR technology, compliance and wellness services.

Sotera Health LLC, a PE-backed global provider of sterilization and laboratory services, has acquired Gibraltar Laboratories, a family-owned contract microbiology and analytical chemistry testing firm based in Fairfield, New Jersey. The acquisition — advised by Capstone Partners — expands Sotera/Nelson Labs' testing capabilities and geographic presence in the pharma and medical device markets.

Anne Arundel Dermatology Management (ADM), a portfolio company of New MainStream Capital, has acquired Knoxville Dermatology Group, P.C., a long-established dermatology practice in East Tennessee. The deal expands ADM's regional footprint into Tennessee and adds to its growing platform of clinic locations and providers supported with centralized administrative services.

EZShield, a portfolio company of The Wicks Group, has acquired IdentityForce, a leading identity theft protection provider for consumers, businesses and government agencies. The add-on expands EZShield's identity protection ecosystem—adding IdentityForce's monitoring, mobile app and restoration capabilities—and positions the combined business for further organic growth and additional acquisitions in the identity/cybersecurity space.

TAS Environmental Services, a Fort Worth-based portfolio company of TEAM Partners, completed add-on acquisitions of Texas-based Donovan Industrial Service, LLC and ROTAP, LLC, both headquartered in Orange, Texas. The deals expand TAS's Gulf Coast presence and capabilities in industrial cleaning, spill response, transportation and roll-off box rental; financial terms were not disclosed.

GSM Outdoors, a portfolio company of Sentinel Capital Partners, has acquired New Archery Products, LLC (NAP) from Bruckmann, Rosser, Sherrill & Co. Cleary Gull acted as exclusive financial advisor to NAP; the deal expands GSM's multi-brand hunting and archery product portfolio and complements its existing capabilities in the outdoor and shooting sports market.

Implus, the Durham-based athletic and outdoor accessories company (majority owned by Berkshire Partners), acquired substantially all assets of Pro Performance Sports LLC, which does business as SKLZ. The acquisition adds the SKLZ sporting-goods brand and product portfolio to Implus' fitness division and aims to expand Implus' presence and channels in the sporting goods category.

Encore Textile Services, a portfolio company of Pacific Avenue Capital Partners, has acquired San Diego-based Emerald Textiles, combining two of the largest independent healthcare linen service providers in California. The transaction creates a larger West Coast platform (five locations) to better serve regional hospital and healthcare customers and supports Pacific Avenue's strategy of scaling the Encore platform through add-ons and organic growth.

Eckhart, Inc., an LFM Capital-backed industrial automation and tooling company based in Warren, Michigan, has acquired Eagle Engineering, a custom weld-station and assembly-fixture manufacturer headquartered in Eldridge, Iowa. The acquisition expands Eckhart's manufacturing footprint and capability to deploy Industry 4.0 solutions to Eagle's aerospace, agriculture and heavy construction customers.

Cinven's Sixth Fund has agreed to acquire the Viridium Group and provide equity for Viridium to acquire Generali Lebensversicherung AG, creating a leading consolidator in the German life insurance market. The combination will bring together roughly 5 million policies and around €55–60 billion of assets under management, with Generali Deutschland retaining a 10.1% stake and Hannover Re reinvesting in the combined entity.

Able Equipment Rental has purchased the aerial equipment assets and service operations of Mobile Lifts of Norristown, Pennsylvania. Mobile Lifts will operate as Able's newest branch (its fifth), with most staff retained and operations positioned to serve the King of Prussia and greater Philadelphia region.

AdvancedMD, a Marlin Equity Partners–owned cloud EHR and practice management provider, has acquired Marietta, Georgia–based NueMD (Nuesoft Technologies). The deal increases AdvancedMD's North American footprint by 27%, expanding its client base to roughly 11,000 medical practices and 33,000 practitioners, and brings NueMD's clearinghouse and medical-billing capabilities into the AdvancedMD platform.

RESA Power, a portfolio company of Blue Sea Capital, has acquired Grounded Technologies, Inc. (GTI), a Parker, Colorado-based provider of NETA-certified commissioning, acceptance testing, and maintenance services for medium- to high-voltage power equipment. The deal expands RESA Power’s service footprint into the Denver metro area; financial terms were not disclosed.

Bacharach, a portfolio company of FFL Partners, has acquired Neutronics, Inc., a provider of refrigerant and gas analysis instrumentation. BDO Capital served as exclusive financial advisor to Neutronics and worked with the company's shareholders and management through the sale process; the acquisition expands Bacharach/FFL's capabilities in gas/refrigerant analysis for HVAC-R, automotive and semiconductor end markets.

EnsembleIQ has acquired substantially all of the media, digital and event assets of New York-based Lebhar-Friedman, incorporating trade brands such as Drug Store News and Chain Store Age into its portfolio. EnsembleIQ, a portfolio company of RFE Investment Partners, will operate the Lebhar-Friedman brands under its umbrella with existing management continuing in leadership roles; Berkery Noyes served as financial advisor to Lebhar-Friedman.

Waterlogic Americas has acquired Pro Line Water, a Sterling, Virginia provider of bottleless water coolers and air filtration systems owned by Mark and George Mrad. The acquisition expands Waterlogic’s point-of-use (POU) and air filtration footprint in Northern Virginia and is the company’s fifth acquisition in the Americas in 2021.

Pinnacle Dermatology has entered the Michigan market by acquiring the dermatology practice of Dr. Audrey Bruell in Livonia, Michigan. The transaction brings Dr. Bruell and four additional clinical staff into Pinnacle’s network, expanding the platform to 36 providers and 22 locations and supporting Pinnacle’s geographic growth strategy using its shared-services model.

Digital marketing agency Elite SEM has acquired Email Aptitude, an independent CRM and email marketing agency with a team of more than 85 specialists. The deal (Elite SEM's second add-on since partnering with Mountaingate Capital in 2017) expands Elite's capabilities to include CRM, email program management and creative services, creating a broader full-service digital offering.

Arable Capital Partners has acquired Farmington Fresh Cuts and will merge the business into its portfolio company, Fresh Innovations. The deal transfers the family-owned fresh-cut fruit processor (founded by the Rajkovich family) into Arable’s platform to expand Fresh Innovations’ sliced/packaged fruit capacity and distribution to school, retail and foodservice customers across the region.

Epiphany Dermatology has expanded into Iowa through a partnership with Iowa Dermatology, Inc., a Pella-based dermatology practice founded by Dr. Jennifer Palmer. Under the agreement, Iowa Derm's providers and support staff have joined Epiphany to gain operational resources and support while Epiphany grows its multi-state provider network.

Atec Group, backed by private equity firm Perwyn, has acquired Moorhouse Group from Lucida Group. The deal is Atec's first acquisition since securing PE backing and expands its insurance distribution capability into the SME / commercial lines market.

ESW Holdings, a portfolio company of ESW Capital, has acquired MBI Solutions, LLC, a Mount Laurel, New Jersey-based provider of infrastructure optimization, big data implementation and managed services. The acquisition expands ESW's enterprise software portfolio by adding managed services, capacity planning and big-data capabilities; terms were not disclosed.

CORDENTAL Group, a portfolio company of NMS Capital, has affiliated with Drs. Melman, Ravett & Associates, a long-standing Philadelphia dental practice. The affiliation expands CORDENTAL's presence in the Mid-Atlantic as the practice's physicians transition into CORDENTAL's dentist-centric DSO model; financial terms were not disclosed.

Cold Spring Brewing Company, a Brynwood Partners portfolio company, has acquired 100% of the stock of Carolina Beverage Group, LLC from SunTx Capital Partners and other selling shareholders. The combined business, to be named Carolina Beverage Group and headquartered in the Charlotte, North Carolina area, creates one of the largest independently owned contract manufacturers in the beverage sector and expands Brynwood's manufacturing footprint and capabilities.

Pinnacle Dermatology, a portfolio company of Chicago Pacific Founders, has acquired Spencer Dermatology Associates, a dermatology practice based in Crawfordsville, Indiana. The providers from Spencer Dermatology — including Dr. Linda Spencer, Dr. Rebecca Bushong and NP-C Kay Nannet — will join Pinnacle; no financial terms were disclosed. The transaction expands Pinnacle's footprint in Central Indiana as part of its Midwest growth strategy.

List Partners (operating as Winmo), a portfolio company of Northlane Capital Partners, acquired two sales-intelligence platforms — Access Confidential and Redbooks — to expand its sales intelligence content and product offering. The add-on acquisitions are intended to increase scale, enrich content and strengthen Winmo’s position in the B2B advertising and media sales-intelligence market.