SmartCover Systems Acquires Data Flow Systems

Badger Meter Acquires SmartCover Systems from XPV Water Partners

January 31, 2025

Utilities

Badger Meter, Inc. has acquired SmartCover Systems from XPV Water Partners, adding real-time sewer and lift station monitoring to its BlueEdge suite of water management solutions. The acquisition expands Badger Meter’s capabilities in collection system monitoring and brings SmartCover’s sensor- and data-driven remote monitoring technology and customer base into Badger Meter’s global smart water offering.

DXP Enterprises Acquires PREMIERflow, LLC and Mid Atlantic Storage Systems Inc.

January 1, 2026

Industrial Services

DXP Enterprises, Inc. (NASDAQ: DXPE) completed the acquisitions of PREMIERflow, LLC and Mid Atlantic Storage Systems Inc., expanding its Innovative Pumping Solutions and Water capabilities. The deals, funded with cash on hand, add project capabilities in pump systems and liquid storage tanks to support DXP's water, wastewater, fire protection and data center end markets.

PumpMan Acquires Flo-Systems, Inc. to Expand St. Louis Metro Coverage

September 28, 2023

Industrial Services

PumpMan has acquired Flo-Systems, Inc., a Troy, Illinois-based provider of pump sales, service and repair for water and wastewater systems, to establish a presence in the St. Louis / Southern Illinois market. Flo-Systems will continue to operate from its Troy facility with its current staff and founder Tom Caraker, Jr. remaining as General Manager while PumpMan invests in facilities, equipment and human resources to support growth.

Arcapita Acquires The DataFlow Group

September 4, 2023

Professional Services

Arcapita Group Holdings Limited has acquired The DataFlow Group (DataFlow Verification Services Limited) from EQT Private Equity. DataFlow is a leading provider of regulation-mandated pre-employment primary source verification services in the GCC with more than 850 employees across nine countries; Arcapita said the acquisition supports its strategy to build technology-enabled, asset-light business services and drive growth across the GCC and beyond.

Apex Group Acquires Flow (FTS Tech, Inc.)

April 8, 2025

Cloud & SaaS

Apex Group Ltd. has acquired FTS Tech, Inc. (trading as Flow), a private-markets SaaS platform that streamlines fund management, onboarding, and investor engagement. The acquisition (Flow brings ~15 employees and $17bn AUA) integrates Flow's technology into Apex's fund administration and middle-office services to expand digital capabilities and deliver an end-to-end private markets infrastructure.

Exa Capital Acquires Flow Software

February 26, 2026

Cloud & SaaS

Exa Capital, a private equity firm following a permanent hold strategy, has acquired Flow Software, an Auckland-based integration-as-a-service provider serving businesses across Australia and New Zealand. Flow will continue operating independently under Exa’s decentralized model as Exa deepens its presence in the ANZ region.