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

Potomac Equity Partners Invests in Watermark Solutions

August 21, 2023

IT Services

Potomac Equity Partners, a Washington, D.C.-based private equity firm, announced an investment in and strategic partnership with Watermark Solutions, LLC, a Houston-based provider of ERP business solutions, technology and hosting services. The investment will be used to accelerate Watermark’s growth by expanding its sales and customer service organization, enhancing technology capabilities and broadening its solutions and hosting offerings (including through its Apptrix subsidiary).

Synergy ECP Acquires SoftTech Solutions

March 26, 2024

Software

Synergy ECP, a Columbia, Maryland-based provider of software engineering, cybersecurity and systems engineering services, has acquired SoftTech Solutions, a custom software development firm serving the U.S. Intelligence Community. The transaction was funded/facilitated by Charlotte-based private equity firm Falfurrias Capital Partners and positions Synergy ECP to expand its capabilities into mission-focused cloud engineering, data analytics and SIGINT-related software.

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.

CompassMSP Acquires MRW Systems Inc.

November 15, 2021

IT Services

CompassMSP has acquired the assets of MRW Systems Inc., a Westminster, Maryland-based managed IT services firm. The team and location will be retained and MRW Systems will operate as MRW Systems: A CompassMSP Company, enhancing CompassMSP's coverage in the New York City–Washington, D.C. corridor.

Perigon Wealth Management Acquires Blue Water Capital Management and Lumin Financial

March 5, 2024

Financial Services

Perigon Wealth Management LLC has acquired Blue Water Capital Management LLC (Syracuse, NY) and Lumin Financial LLC (Southfield, MI), adding approximately $375 million of combined AUM. The transactions expand Perigon’s advisor-led RIA platform and bolster its presence in New York and Michigan; terms were not disclosed.

Searchlight Capital Acquires Minority Stake in Synergy Marine Group

October 7, 2022

Transportation

Funds advised by Searchlight Capital Partners acquired a minority ownership stake in Synergy Marine Group, a Singapore-headquartered global ship manager. The investment will support Synergy's digitalization, capability expansion and continued growth across its ship management, crew management and marine services operations.