PSB Holdings Formed in $1.3B Merger of Sunbasket and Prüvit Ventures

Herbalife Acquires Pro2col Health, Pruvit Ventures Assets and 51% of Link BioSciences

March 14, 2025

Healthcare Services

Herbalife has entered into a binding memorandum of understanding to acquire Pro2col Health and Pruvit Ventures assets and to gain a 51% controlling ownership interest in Link BioSciences. The deal is expected to close in the second quarter of 2025 for approximately $25 million to $30 million, with possible conditional payments tied to future performance.

Sunwave Health and Lightning Step Merge; BVP Forge Provides Strategic Growth Investment

October 27, 2025

Software

Sunwave Health and Lightning Step Technologies have combined to form a unified technology platform serving behavioral health providers nationwide. The merger is supported by a strategic growth investment from BVP Forge, with existing investors Level Equity, Blueprint Equity, and Gallant Capital Partners re‑investing in the combined company to accelerate product innovation, AI capabilities, and go‑to‑market scale.

Pioneer Square Brands Acquires VAULT

February 13, 2023

Manufacturing

Pioneer Square Brands (PSB), parent of Brenthaven, Gumdrop, and TechShell, has acquired VAULT, a designer and manufacturer of mobile device enclosures, kiosks, and integrated charging/payment solutions. The acquisition expands PSB's hardware and manufacturing capabilities and extends its product offering into new end markets including retail, restaurants, manufacturing, and healthcare. Terms were not disclosed.

PennSpring Capital Acquires PSST

July 26, 2018

Software

PennSpring Capital, a lower middle market private equity firm, acquired Professional Systems Software & Technology (PSST), a Louisville-based iPaaS provider serving K‑12 school districts, municipalities and corporate clients. The deal will fund product investment and expansion of PSST's customer footprint while preserving the company's mission and leadership team.

Neptune Wellness Solutions Acquires Controlling Interest in Sprout Foods

February 10, 2021

Food & Beverage

Neptune Wellness Solutions acquired a 50.1% controlling interest in Sprout Foods (Sprout Organics) from investment funds managed by Morgan Stanley Expansion Capital, with MSEC becoming a major shareholder in Neptune. The deal includes $6M cash, ~6.74M Neptune shares (~$12M), and Neptune guaranteeing a $10M Sprout note; Neptune will operate Sprout as a subsidiary to accelerate growth across retail and e-commerce channels.

Susquehanna Private Capital Invests in Premium Service Brands

March 23, 2021

Professional Services

Susquehanna Private Capital (SPC) announced a growth investment in Premium Service Brands (PSB), a Charlottesville-based multi-brand franchisor of home improvement and home services. The funding will support PSB’s franchise expansion, strengthen its core service lines, and accelerate development while founder Paul Flick remains CEO.