Potomac Equity Partners Invests in Watermark Solutions

Potomac Equity's Watermark Solutions Merges with Synergy Resources to Form WM Synergy

August 21, 2023

IT Services

Potomac Equity Partners provided additional capital to its portfolio company Watermark Solutions to merge with Synergy Resources, creating WM Synergy — an expanded ERP, technology and cloud hosting provider serving manufacturers and distributors. The combined business will offer Infor, Acumatica and Hexagon ERP implementations, managed hosting and related consulting services across North America; financial terms were not disclosed.

Plummer Associates Acquires WATERMARK Engineering Group

January 31, 2022

Engineering Services

Fort Worth-based Plummer Associates, Inc. has acquired Tampa-area WATERMARK Engineering Group to expand its integrated water resources engineering presence in Florida. The deal adds WATERMARK’s 18 years of local water-management experience to Plummer’s national platform and supports Plummer’s continued geographic growth and expanded capability in stormwater, coastal and water/wastewater infrastructure services.

Enhanced Healthcare Partners Invests in Hallmark Health Care Solutions

December 10, 2020

Healthcare Services

Enhanced Healthcare Partners (EHP) made a strategic (minority) growth investment in Hallmark Health Care Solutions, a SaaS provider of physician compensation and workforce management tools for health systems, academic medical centers and physician groups. EHP’s capital will support Hallmark’s R&D, product development and expansion of its customer base across health systems to address labor and staffing challenges.

Providence Equity Partners Invests in Sweetwater

June 29, 2021

E-Commerce

Funds advised by Providence Equity Partners made a growth equity investment in Sweetwater, the Fort Wayne-based e-commerce retailer of musical instruments and audio equipment; financial terms were not disclosed. The investment is intended to accelerate Sweetwater's next phase of growth as the company — which reported roughly $1 billion in annual revenue and serves over 1.5 million customers — scales operations and expands its market reach.

One Equity Partners Acquires Trustmarque from Capita plc

January 28, 2022

IT Services

One Equity Partners (OEP) has signed a definitive agreement to acquire Trustmarque, a London-headquartered provider of IT solutions, managed services and software/hardware resale, from corporate parent Capita plc. OEP said it will partner with Trustmarque management to strengthen the company’s services-led go-to-market and expand cloud/software asset management and managed services for public sector, healthcare and enterprise customers.

SunTx Capital Partners Invests in Epoch Solutions Group

February 28, 2022

Cloud & SaaS

SunTx Capital Partners, a Dallas-based private equity firm, announced an investment in Epoch Solutions Group, a Westminster, Colorado-based provider of map-first field operations management software for utility companies. Financial terms were not disclosed; SunTx said the investment will help accelerate Epoch's growth and product expansion.