Morgan Stanley at Work Acquires American Financial Systems

OceanSound Partners Acquires Automated Financial Systems

February 19, 2026

Software

OceanSound Partners, a New York-based private equity firm, has acquired Automated Financial Systems (AFS), a provider of commercial loan servicing and loan lifecycle management software. The deal will support accelerated product innovation, increased investment in sales and customer support, and AFS appointed Edward Jenkins as CEO to lead the company’s growth and modernization efforts.

Hub International Acquires AFS 401(k) Retirement Services and AFS Financial Group

December 4, 2023

Financial Services

Hub International Limited has acquired the assets of AFS 401(k) Retirement Services, LLC and AFS Financial Group, LLC, two Bethesda, Maryland-based retirement plan consulting and wealth management firms. The acquisition will expand Hub's Retirement and Private Wealth capabilities and integrate the AFS team into Hub's Mid-Atlantic practice; terms were not disclosed.

NFP Acquires AFS Advisors, LLC

January 7, 2022

Wealth Management

NFP, a global insurance broker and consultant, has acquired AFS Advisors, LLC, an independent registered retirement and investment advisor based in Suwanee, Georgia. The acquisition (closed January 7, 2022) expands NFP's retirement capabilities and footprint in the Atlanta metro and broader Atlantic region.

Solina Acquires Advanced Food Systems (AFS)

January 15, 2025

Food & Beverage

France-based Solina has acquired U.S.-based Advanced Food Systems, Inc. (AFS), a Somerset, New Jersey supplier of custom dry seasoning solutions; AFS's leadership team and its ~40 employees will join Solina USA. The deal expands Solina's U.S. footprint into the Northeast and complements Solina's flavor capabilities with AFS's functional ingredient expertise for meat, poultry, frozen foods, sauces and marinades.

UFS Acquires Safe Systems

August 12, 2024

IT Services

UFS, the bank technology outfitter based in Grafton, Wisconsin, has acquired Safe Systems, a compliance-focused IT and security services provider serving community banks and credit unions. The acquisition expands UFS's managed IT, cybersecurity and compliance capabilities and combines the organizations to serve nearly 400 financial institutions nationwide; financial terms were not disclosed.

Persona-Triangle Acquires Advanced Facility Solutions

January 2, 2025

Industrial Services

Persona-Triangle, a portfolio company of Exeter Street Capital Partners (Exeter Image Holdings, LLC), has acquired Advanced Facility Solutions (AFS), a Saddle Brook, New Jersey-based provider of facilities maintenance and construction services. The add-on acquisition expands Persona-Triangle's turnkey facility services capabilities and will leverage Persona-Triangle's scale to accelerate AFS's growth; the transaction was financed with senior debt from Enterprise Bank and Trust.