Magnolia River Acquires Heath and Associates, Inc.

Warren Equity Partners Acquires Majority Stake in Magnolia River

April 20, 2021

Engineering Services

Warren Equity Partners acquired a majority interest in Magnolia River International, Inc., a Decatur, Alabama–based provider of inspection, engineering, and GIS services for natural gas pipeline and water utility infrastructure. The PE firm plans to support Magnolia River's organic growth and pursue an acquisition strategy to scale the company across the fragmented utility infrastructure services market; financial terms were not disclosed.

Resource Innovations Acquires Richard Heath & Associates, Inc.

February 25, 2025

Energy

Resource Innovations (RI), a Morgan Stanley Capital Partners–backed energy transformation firm, has acquired Richard Heath & Associates, Inc. (RHA), a Fresno-based provider of energy efficiency, resilience, and public-health related services for underserved communities. The add-on expands RI’s capabilities and team (bringing the combined organization to over 1,100 professionals) to better serve utility, government, and corporate clients with enhanced solutions in energy storage, resiliency, water conservation, community engagement, and workforce development.

River Associates Acquires Hoskin Scientific

January 12, 2022

Industrial Services

River Associates Investments, a Chattanooga-based lower-middle market private equity firm, acquired Hoskin Scientific Limited, a Burnaby, British Columbia–based value-added distributor of test, measurement and monitoring equipment. The transaction closed on December 30, 2021, and was funded with equity from River VII with debt financing provided by Bank of Montreal and PNC Mezzanine Capital.

Magnolia River Acquires INTEGRI-TEK

July 18, 2023

Energy

Magnolia River Services, a Warren Equity Partners–owned provider of pipeline and geospatial solutions, has acquired the assets and operations of INTEGRI-TEK. The deal adds GIS consulting, business intelligence, data management, and pipeline asset knowledge-management capabilities focused on midstream gas/liquids, renewables (including carbon capture), and the energy transition to Magnolia River's existing engineering, inspection and software services.

Health Management Associates Acquires Burns & Associates, Inc.

September 1, 2020

Healthcare Services

Health Management Associates (HMA) has acquired Arizona-based Burns & Associates, Inc., a health policy consulting firm known for Medicaid program design, rate setting, and HCBS expertise. The acquisition brings Burns' analytics and rate-setting capabilities into HMA to expand the firm's depth in publicly funded healthcare policy and program evaluation; terms were not disclosed.

AlphaCore Wealth Advisory Acquires Magnolia Lane Financial Advisors

January 1, 2023

Financial Services

AlphaCore Wealth Advisory, a San Diego–based wealth advisory firm, has acquired Greenwich-based Magnolia Lane Financial Advisors and will open its first East Coast offices in Greenwich, CT and Hilton Head, SC. Magnolia Lane founder Eric Gerster joins AlphaCore as Chief Investment Strategist to help lead the firm's East Coast expansion and investment strategy offerings.