Breakwater Management Makes Inaugural Platform Investment in Matcon

Groundworks Acquires Matvey Foundation Repair to Enter Pacific Northwest

June 27, 2024

Construction

Groundworks, a national foundation and water management solutions company, has acquired Seattle-based Matvey Foundation Repair, Inc., marking Groundworks’ first location in Washington and expanding its West Coast footprint. The acquisition brings Matvey’s foundation repair, waterproofing and concrete services into Groundworks’ national platform and offers Matvey employees access to broader resources and ownership opportunities.

BMS CAT Acquires CATCON

March 16, 2021

Construction

BMS CAT (Blackmon Mooring & BMS CAT) has acquired CATCON, a nationally licensed disaster recovery firm specializing in reconstruction and renovation of multi-family, commercial and industrial properties. The deal expands BMS CAT's reconstruction capabilities and is the fourth strategic acquisition in its growth plan to strengthen its national restoration footprint.

UPSTACK Acquires Breakwater Cloud Advisors

October 9, 2025

Consulting

UPSTACK has acquired Breakwater Cloud Advisors, a Vancouver, Washington–based customer experience (CX) consulting firm, to accelerate and expand its CX + AI practice. Breakwater's founders Brendan Paulin and Andrew Millard (and Business Development Director Star Toups) will join UPSTACK to broaden the company's advisory and execution capabilities across CCaaS, conversational AI, workforce management, analytics and automation for midmarket and enterprise clients.

IMB Partners Invests in Farwest Corrosion Control Company

November 1, 2022

Industrial Services

IMB Partners, a middle-market private equity firm, made a strategic growth investment in Farwest Corrosion Control Company, a Downey, California-based cathodic protection and corrosion-control services and products provider. Stonehenge Capital Company provided a uni-tranche SBIC financing solution to support the transaction; Farwest will continue to be led by its existing management team as IMB helps expand its utility and infrastructure services capabilities.

ChargePoint Technology (Arcline) Acquires Terracon Corporation

January 5, 2022

Medical Devices

ChargePoint Technology Ltd., a portfolio company of Arcline Investment Management, has acquired Terracon Corporation, a Franklin, Massachusetts-based manufacturer of single-use liquid mixing, transfer, and storage products for the biopharma and life science markets. The acquisition adds Terracon’s ISO 9001-certified single-use liquid handling and containment capabilities to ChargePoint’s pharma-focused transfer technologies as an add-on to the ChargePoint platform.

Tecum Capital and Genesis Park Invest in Chemistry to Support Breakwater Management Majority Recapitalization

June 9, 2025

Marketing & Advertising

Tecum Capital, alongside Genesis Park, has invested debt and equity capital in Chemistry to support Breakwater Management’s majority recapitalization of the full-service marketing and digital agency. The financing package, which included senior bank financing from S&T Bank, is intended to strengthen Chemistry’s capacity for growth and expand its competitive position across creative, digital, and multicultural marketing services.