OceanSound Partners Acquires Automated Financial Systems

Morgan Stanley at Work Acquires American Financial Systems

June 22, 2022

Financial Services

Morgan Stanley at Work announced the acquisition of American Financial Systems (AFS), a provider of nonqualified deferred compensation plan design, implementation, recordkeeping and consulting services. The deal, which will expand Morgan Stanley's workplace benefits and deferred compensation capabilities, has undisclosed terms and is expected to close in Fall 2022.

OceanSound Partners Makes Strategic Growth Investment in CFM

January 18, 2022

Software

OceanSound Partners has made a strategic investment in CFM, a Tempe-based software provider that builds branch and teller automation and analytics solutions for banks and credit unions. The capital will support CFM’s product development, partnerships and potential acquisitions while the company continues to be led by CEO John W. Smith.

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.

SPL, Inc. (IGP Portfolio Company) Acquires AFS (Assured Flow Solutions)

September 27, 2021

Energy

SPL, Inc., a Houston-based testing, inspection and certification (TIC) platform backed by Industrial Growth Partners, has acquired AFS (Assured Flow Solutions). The add-on expands SPL’s laboratory testing, software and tech-enabled consulting capabilities — particularly in flow assurance, asset integrity and ESG — and broadens its footprint in Houston, Denver, Europe and Asia-Pacific.

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.

Automated Systems (ASI) Acquires American Bank Systems (ABS) with Support from Banyan Software

January 10, 2025

Software

Automated Systems, Inc. (ASI) has acquired American Bank Systems (ABS), a provider of loan origination and compliance-focused software for U.S. community banks. The transaction was completed with support from Banyan Software and will integrate ABS's CoPilot and BankManager products into ASI's core banking platform as part of Banyan's Financial Institutions Group to expand ASI's capability set for community banks.