Brown and Caldwell Acquires Separation Processes, Inc. (SPI)

Sartorius Acquires WaterSep BioSeparations

December 9, 2020

Medical Devices

German life‑science group Sartorius, via its subgroup Sartorius Stedim Biotech, has acquired U.S.-based purification specialist WaterSep BioSeparations LLC. The deal, valued at approximately $27 million plus an earn‑out of up to $9 million, adds hollow‑fiber crossflow filtration and single‑use bioprocessing devices aimed at gene and cell therapy, vaccine production and intensified bioprocessing to Sartorius' separation portfolio.

cleanwater1 Acquires Velocity Dynamics, LLC

January 3, 2024

Environmental Services

cleanwater1 (formerly UGSI Solutions), a Baird Capital portfolio company, has acquired Velocity Dynamics, LLC, a provider of proprietary dry and liquid feed systems for chemistry optimization in water/wastewater utilities and industrial plants. The deal expands cleanwater1’s product and engineering capabilities in polymer blending, chemical feed and bulk handling to support customers facing higher chemical costs and stricter environmental requirements.

NetSPI Acquires Silent Break Security

December 2, 2020

Cybersecurity

NetSPI has acquired Silent Break Security, a Lehi, Utah-based penetration testing and adversary simulation firm, to expand its offensive security capabilities and integrate Silent Break's software into NetSPI's Resolve PTaaS platform. Brady Bloxham, Silent Break's founder, will become NetSPI's Chief Technology Officer and the Silent Break team will continue operating from Lehi and across the U.S.

Specialty Products and Insulation Acquires Burnham Insulation Sales, Inc.

October 11, 2021

Building Products

Specialty Products and Insulation (SPI), a portfolio company of Dunes Point Capital, has acquired Burnham Insulation Sales, Inc., a Pittsburgh-based distributor of mechanical insulation serving commercial and industrial end markets. The transaction expands SPI’s branch network and product distribution capabilities in the U.S.; Dunes Point Capital is the family office investor backing SPI.

MXD Process Acquires Branch Environmental Corporation

February 2, 2024

Manufacturing

MXD Process has acquired Branch Environmental Corporation, a Somerville, New Jersey–based designer and manufacturer of air and water purification systems. The deal brings Branch’s three-decade product and engineering capabilities into MXD’s process engineering and equipment manufacturing platform, with Branch retaining its brand and Somerville operations; MXD engaged Soterra Capital and Neas P.C. for advisory and legal support, while Branch was advised by Norris McLaughlin, P.A.

SPIE Acquires 85% Stake in Correll Group

December 7, 2023

Energy

French multi-technical services group SPIE will acquire 85% of Correll Group, a UK-based specialist in electrical engineering, installation and maintenance for the offshore wind sector. The deal expands SPIE Oil & Gas Services' footprint in offshore wind (it will be renamed SPIE Global Services Energy) and is expected to close in January 2024; Correll will retain 15% with management and contributes ~€55m revenue and c.109 employees plus 500+ contractors (2023).