Acquisitions in Maine, United States

Left Lane Auto, LLC, a national tire retail and automotive-service platform backed by Bertram Capital, acquired Don Foshay's Discount Tire & Alignment, a six-store automotive repair and maintenance chain based in Portland, Maine. The deal expands Left Lane Auto’s footprint in New England and brings the platform to over 80 stores across 19 states. Transaction terms were not disclosed.

Mobile Concepts Specialty Vehicles acquired Molly Corporation, a family-owned manufacturer of the Molly Trolley headquartered in Wells, Maine. The transaction closed on December 16, 2025, with Generational Group serving as advisor to Molly Corporation.

Closed Loop Partners, through its Closed Loop Private Equity group, acquired Agri-Cycle, an organics waste collection and management provider serving commercial and industrial customers across the United States. Closed Loop intends to partner with Agri-Cycle’s management team to accelerate national expansion and support a buy-and-build strategy to scale organics diversion and related circular-economy infrastructure.

COVU, Inc. announced it has acquired Ford Insurance Agency, a 100+ year-old family-owned independent insurance agency based in Maine. The deal is COVU’s fourth strategic acquisition as it builds a national, AI-native insurance servicing platform, with plans to transition Ford’s operations onto COVU’s digital-first platform while retaining key service personnel.

Guidant Power acquired Monroe Infrared Technology to expand its electrical safety, reliability, and training offerings with infrared thermography, drone/aerial inspections, thermographic training, and infrared equipment sales. Monroe Infrared Technology, headquartered in Brunswick, Maine, will join the Guidant Power platform, strengthening Guidant’s national capabilities serving critical infrastructure, manufacturing, utilities, and commercial customers.

Dead River Co. acquired the oil and propane fuel distribution and service business of Consumers Fuel Co., based in Belfast, Maine. The transaction was announced by Tounge Associates and closed on May 6, 2025. Consumers Fuel had been family-owned since 1911, and Tounge Associates served as the sole adviser to Consumers in the sale.

World Insurance Associates LLC acquired the business of Healey & Associates, an employee benefits agency based in Portland, Maine, with an effective date of May 1, 2025. Healey specializes in employee benefits solutions for nonprofit clients across New England. Financial terms were not disclosed.

Hilb Group acquired a Maine-based property and casualty insurance business, effective April 1, 2025. The deal expands Hilb Group’s property and casualty offerings across New England and adds Maine as a new state in its portfolio.

O2 Investment Partners, through its pool care platform Azureon, invested in and partnered with Northern Pool & Spa, a full-service pool maintenance and construction company based in Eliot, Maine. Northern provides residential and commercial pool installation, renovation, maintenance, and related services across Maine, New Hampshire, and Massachusetts. The terms were not disclosed, and Northern will retain significant ownership in the combined platform.

Factor (Factor Law), a provider of integrated law, AI and contracting services, acquired Theory and Principle, a legal technology design and development studio. The acquisition is intended to accelerate Factor’s AI-first legal solutions by combining Factor’s large-scale contracting and legal operations experience with Theory and Principle’s user-centered product design and engineering capabilities.

Aventia, an environmental services platform backed by Bernhard Capital Partners, acquired St.Germain, an environmental consulting, regulatory compliance, and engineering firm headquartered in Maine. The deal expands Aventia’s consulting, engineering, and technology capabilities and broadens its geographic reach across New England and the United States. Financial terms were not disclosed.

Spirit AeroSystems Holdings, Inc. agreed to sell its Fiber Materials Inc. (FMI) business to Tex Tech Industries, Inc. for $165 million in cash. FMI is a producer of high-temperature materials and reinforced composites used in space and defense applications, and the acquisition expands Tex-Tech’s portfolio of thermally protective materials.

Wealth Enhancement acquired VanceGray Wealth Management, Inc., an independent registered investment advisor (RIA) with offices in Bangor and Ellsworth, Maine, overseeing more than $409 million in client assets. The deal closed on December 31, 2024 and represents Wealth Enhancement’s first location in Maine, expanding its Northeast presence; MarshBerry advised VanceGray Wealth Management on the transaction.

Mosaic acquired Momentum, a Maine behavioral health provider serving people with intellectual and developmental disabilities, and integrated it into Mosaic’s Living Innovations operations. The deal expands Living Innovations’ regional presence across Maine, New Hampshire, Rhode Island, and Connecticut. The transaction was advised by VERTESS and facilitated by its team and Rachel Boynton.

Modern America Campgrounds, an RV park owner in the Northeastern United States, acquired Thomas Point Beach & Campground, an 80-acre oceanside campground in Brunswick, Maine. The property had been owned and operated by the Crooker family since its founding in 1956, and Modern America plans upgrades and expects to reopen the park to visitors by mid-May 2025.

Amuze acquired Ferris Music Service, Inc. (FMS) and its ATM division, Mainely ATMs, to strengthen its arcade, amusement, and ATM presence in the Northeast United States, particularly Maine. The transaction was financed by WhiteHorse Capital and builds on Amuze’s broader growth strategy, with Amuze backed by Surge Private Equity.

Paper Trails, a Maine-based payroll and human resources services company, acquired Local Economy Payroll, a family-run payroll services provider based in Portland, Maine. The deal supports the retirement transition of founders Tom Gangewer and Jim Belanger, with Local Economy Payroll’s employees joining Paper Trails to continue serving existing clients.

Centerbridge Partners agreed to acquire Precinmac LP, a manufacturer of high-complexity precision machined components serving aerospace, defense, space and semiconductor end markets. The company is being acquired from an investor group consisting of Pine Island Capital Partners, Bain Capital's Private Credit Group (Bain Capital Credit) and Compass Partners Capital, which backed Precinmac since April 2020. The deal was announced October 14, 2024, and closed on December 2, 2024; financial terms were not disclosed.

NCWB, LLC acquired North Country Wind Bells, Inc., a family-owned maker of wind bells, in a transaction that closed on October 11, 2024. North Country Wind Bells is headquartered in Round Pond, Maine, and crafts wind bells from recycled steel. NCWB, LLC was formed by entrepreneurs Ron and Peggy Davis to complete the purchase, with Generational Group advising the seller.

Fidelity Building Services Group (Fidelity) announced the acquisition of Nason Mechanical Systems, a full-service mechanical contractor headquartered in Auburn, Maine. The deal expands Fidelity’s HVAC/mechanical services footprint in the Northeast and strengthens its regional service capabilities across commercial and industrial end markets.

Dexter Paine completed the acquisition of the Maine Mariners professional hockey team from Comcast Spectacor. The transaction was approved by the ECHL Board of Governors, and Paine will serve as Governor under the new ownership structure.

Ovation.io and PD Theranostics (PDTx) announced the completion of their merger to create a multiomics data company combining Ovation’s population-scale biobank and sequencing capabilities with PDTx’s imaging-based multiomic and pathology platform. The combined company aims to generate linked omics and longitudinal clinical datasets across multiple diseases to support research, drug development, and clinical decision-making. Lucius Partners is noted as the owner of portfolio company PD Theranostics.

EnviroServe Inc., a national environmental and waste management services provider and a portfolio company of One Rock Capital Partners, acquired Environmental Projects, Inc. (EPI), a Maine-based environmental services provider headquartered in Auburn. The acquisition expands EnviroServe’s footprint into New England and strengthens its nationwide network for environmental remediation and waste management services.

Sila Services, LLC acquired Dave's World, a Maine-based heat pump installer and HVAC home services provider. The partnership expands Sila Services' presence in New England and supports Dave's World with additional resources to grow its service offerings and regional footprint.

Risk Strategies, part of Accession Risk Management Group, acquired The Baker Benefit Group, LLC (BBG), a retail firm providing ancillary employee benefits products for large employer groups. BBG, founded in 1999 and based in Falmouth, Maine and Ridgefield, Connecticut, expands Risk Strategies’ capabilities in executive benefits, with a primary focus on the design, implementation, and service of Individual Disability Insurance (IDI) plans. Financial terms were not disclosed.

Heritage Links, a division of Lexicon, Inc., acquired Environmental Solutions, a Maine-based golf course irrigation, drainage, site design, and construction firm. The deal terms were not disclosed. The acquisition is intended to expand Heritage Links’ geographic footprint and service capabilities in golf course construction and related infrastructure.

Everon (formerly ADT Commercial) acquired all stock of Portland Safe, Inc., a security solutions provider and authorized dealer/service provider of NCR ATM and ITM products. Blue River Financial Group advised Portland Safe on the transaction, which expands Everon’s customer base and strengthens its footprint in the Northeast.

Shepherd Hardware signed a definitive agreement to acquire Parker & Bailey, a manufacturer of specialty household cleaners, woodcare products, and furniture care accessories. The transaction expands Shepherd Hardware’s product portfolio and market reach, leveraging Shepherd’s distribution network and its parent Colson Group’s global footprint.

Senske Services acquired Turf Doctor, a lawn care and pest control provider headquartered in Augusta, Maine, to expand Senske’s presence in the Northeast. Turf Doctor will continue operating under its existing brand while joining Senske’s Blades of Green division. The deal follows Senske Services’ growth strategy supported by investments from private equity firm GTCR.

Destination Pet, a nationwide pet care provider, acquired Roscoe's Bed + Bark, a Portland, Maine-based dog daycare, boarding, and grooming services company founded in 2015. Madison Street Capital served as exclusive financial advisor to Roscoe's Bed + Bark on the sale. Financial terms were not disclosed.

Medix Biochemica acquired 100% of the shares of US-based ViroStat LLC, a primary manufacturer of infectious disease antibodies and antigens used by in vitro diagnostics (IVD) manufacturers. The deal expands Medix Biochemica’s IVD raw materials portfolio, adds complementary scientific capabilities, and strengthens its local presence in the United States. ViroStat will continue operating in Westbrook, Maine, with its employees joining Medix Biochemica.

North Branch Capital, an Illinois-based private equity firm, acquired a majority stake in STARC Systems, a manufacturer of reusable temporary modular wall containment solutions for occupied renovations. The investment is intended to support STARC’s continued product innovation and expand its presence into additional end markets such as data centers, airports, life science labs, and offices.

Nouria Energy Corp. acquired the assets of H.A. Mapes Inc., a Maine-based fuel distributor and convenience-store operator, including 13 owned locations and 9 Harry's-branded convenience stores plus additional dealer sites. In a simultaneous transaction, Nouria arranged for Brown Bear Co. to purchase H.A. Mapes' transportation business to streamline operations while expanding Nouria’s retail and dealer network footprint in the Northeast.

Netsurit, a managed service provider (MSP) headquartered in New York, acquired Vital I/O, Inc., an MSP providing IT managed and cloud services. Vital I/O is headquartered in Maine, and the deal expands Netsurit’s presence in the U.S. Northeast/New England while strengthening its managed services capabilities.

Nichols Portland Inc., a portfolio company of Altus Capital Partners, acquired the assets of Neota Product Solutions LLC. Neota provides metal injection molding (MIM) solutions from prototyping through full-scale manufacturing, expanding Nichols’ MIM capabilities. Financial terms were not disclosed.

Marsh McLennan Agency (MMA), a subsidiary of Marsh McLennan, acquired Clark Insurance, a leading independent insurance agency headquartered in Portland, Maine. The transaction also includes Haberman Insurance, a West Springfield, Massachusetts-based agency previously acquired by Clark in 2021; terms were not disclosed.

EarthWise Pet announced it has acquired six Loyal Biscuit pet supply stores located across Maine. Loyal Biscuit owner Heidi Neal decided to partner with EarthWise Pet to expand employee support and potentially add services such as grooming and Certified Pet Dietitian consultations, while maintaining Loyal Biscuit’s community-focused mission.

Salt Creek Capital acquired Power Gripps USA, doing business as Versa Gripps USA, a manufacturer and brand of performance-driven weightlifting accessories. Versa Gripps USA is headquartered in Sorrento, Maine and was founded by Michael and Heather Parker, who are the owners selling the business as it enters its next stage of growth under incoming CEO Lester Lee.

AccuRisk acquired Matrix Group Benefits, a Portland, Maine-based managing general underwriter (MGU) focused on medical stop loss for partially self-funded plans. Matrix’s team of twelve will join AccuRisk Solutions while continuing to operate from Portland, supporting AccuRisk and Ardonagh Global Partners’ North American expansion strategy.

Class Valuation acquired PropertyVal, a residential appraisal management company (AMC) founded in 2006 and headquartered in Freeport, Maine. The deal expands Class Valuation’s presence in Maine and the broader New England market and strengthens its appraisal network and service capabilities in a challenging regional market.

Prima acquired Prospect Farms to form Uplifter Brands, PBC, a next-generation wellness/CPG platform spanning personal care, supplements, spa & hospitality, private label, and pet wellness. The deal gives Prima ownership of Prospect Farms’ USDA Certified Organic hemp farming and vertically integrated manufacturing complex in Prospect, Maine, strengthening sourcing, production, and growth capabilities for the combined portfolio.

Dead River Company acquired Maine Energy Company, a longtime Bangor-area heating fuel supplier, in September for an undisclosed amount. The deal ends three generations of family ownership at Maine Energy following the retirement of owner Robert Cort. Dead River, now owned by private equity firm Redwood Capital Investments, continues its strategy of acquiring smaller family-owned heating operations across New England.

Accenture has acquired The Beacon Group, a growth strategy consulting firm serving Fortune 500 clients, to expand Accenture Strategy’s capabilities in growth strategy, market modeling, and M&A advisory. Beacon’s team of more than 60 professionals will join Accenture Strategy; financial terms were not disclosed. The Beacon Group was founded in 2001 and is headquartered in Portland, Maine.

Minuteman Security Technologies, Inc. (DBA Minuteman Security and Life Safety) announced it has acquired Inlution Inc., a security systems integrator based in Presque Isle, Maine. The deal expands Minuteman’s presence in Maine and the broader Northeast, strengthening its integrated security, communications, and life-safety systems capabilities.

Diodes Incorporated completed its acquisition of onsemi’s wafer fabrication facility and operations in South Portland, Maine ("SPFAB"), including the transfer of SPFAB employees to Diodes. Under a multi-year wafer supply agreement, Diodes will continue manufacturing onsemi’s products at the facility while onsemi transitions production to its other fabs. Diodes expects the 200mm fab capacity to support expansion of CMOS and BiCMOS processes for analog and discrete semiconductor product lines serving automotive and industrial markets.

Diodes Incorporated has completed the acquisition of onsemi’s operational 200mm semiconductor manufacturing fab in South Portland, Maine (SPFAB). The divestment supports onsemi’s “fab-liter” strategy to improve margins, while Diodes plans to integrate the U.S. facility and workforce into its global manufacturing network to add 200mm capacity for analog products aimed at automotive and industrial markets.

Funds affiliated with Clayton, Dubilier & Rice (CD&R) and TPG Capital agreed to acquire Covetrus for $21.00 per share in cash, valuing the company at approximately $4 billion enterprise value; the deal covered all shares not already owned by CD&R affiliates (which held about 24%). The transaction was approved by Covetrus’ board and shareholders and was financed with equity from CD&R/TPG funds plus committed debt financing. The acquisition closed on October 13, 2022, taking Covetrus private while maintaining its headquarters in Portland, Maine under existing management.

Advanced Instruments, majority owned by Patricia Industries (Investor AB), signed an agreement to acquire Artel, a provider of calibration and validation instruments, consumables, software and services for life science laboratories. The deal is positioned as a strategic add-on that expands Advanced Instruments’ liquid handling analytical instrument portfolio and R&D capabilities; consideration includes about $85 million upfront plus up to $55 million in earnout tied to 2022 revenue targets, with closing expected in Q2 2022.

LesserEvil announced it has acquired a majority stake in Portland, Maine-based R.E.D.D. Bar, marking LesserEvil’s first acquisition and expanding into the plant-based protein bar category. Following the deal, LesserEvil will take over production of R.E.D.D. bars at its Danbury, Connecticut facility and integrate the R.E.D.D. team into its organization.

SFERRA Fine Linens, a portfolio company of Highlander Partners, announced the sale of Brahms Mount to Faribault Woolen Mill Company (Faribault Mill). The divestiture supports SFERRA’s strategy to focus on its SFERRA and Pratesi luxury linens brands, while positioning Brahms Mount as a complementary, vertically integrated American textiles add-on for Faribault Mill.

TA Associates completed the acquisition of Stonewall Kitchen, a specialty food, home goods and personal care branded products platform headquartered in York, Maine. Audax Private Equity sold the company after acquiring it in 2019 and supporting growth and multiple add-on acquisitions; Stonewall Kitchen will continue to be led by CEO John Stiker and the existing management team.

Goode Partners made a $30 million minority investment in JOCKO FUEL, a provider of premium sports and lifestyle nutrition products including clean energy drinks and supplements. The investment is intended to accelerate JOCKO FUEL’s growth, supporting product expansion, logistics, and broader distribution as the company scales its omni-channel presence.

ImageFIRST acquired Pratt Abbott Uniform & Linen, a hospitality linen and uniform services provider headquartered in Greater Portland, Maine with a service center in Portsmouth, New Hampshire. The deal expands ImageFIRST’s footprint in New England and represents its first facility in Maine; transaction terms were not disclosed. The acquisition excludes Pratt Abbott Retail’s dry-cleaning and home delivery business, and existing leadership and employees will be retained.

ZRG Partners, a global talent advisory firm, acquired Brimstone Consulting Group, LLC, a boutique strategy consulting firm focused on CEO transition success and leadership/culture transformation. Brimstone is based in Camden, Maine, and the deal expands ZRG’s portfolio of talent advisory solutions; G2 Capital Advisors served as ZRG’s exclusive buy-side advisor. ZRG is backed by private equity investor RFE Investment Partners.

SDS Rx, a last-mile healthcare logistics provider backed by HCI Equity Partners, acquired Mission Critical Delivery Solutions on December 1, 2021. Mission Critical, a non-asset-based logistics management company headquartered in Bangor, Maine, is SDS Rx’s second add-on acquisition since HCI’s platform investment and is intended to expand SDS Rx’s geographic coverage and route density in the long-term care pharmacy market. Patriot Capital provided subordinated debt and an equity co-investment in SDS Rx to support the acquisition; financial terms were not disclosed.

Arctic Glacier, LLC acquired Getchell Bros. Inc., a producer of packaged ice and dry ice serving customers across Maine, New Hampshire, and Massachusetts. The deal expands Arctic Glacier’s footprint in New England and strengthens its ability to serve retail and commercial customers in the region.

Insurity, a cloud-based software and analytics provider for property & casualty (P&C) insurers, brokers, and MGAs, has completed the acquisition of Maprisk. Maprisk provides geospatial data and analytics software focused on natural hazard and multi-peril risk to support underwriting automation and disaster response across the policy lifecycle. The deal expands Insurity’s geospatial analytics capabilities into personal lines and builds on its prior acquisition of SpatialKey.

ARCH Cutting Tools Corp., an ARCH Global Precision company, announced the acquisition of CONTOUR360, a manufacturer of engineered solid round cutting tools. The deal expands ARCH Cutting Tools’ custom tooling capabilities and strengthens its position serving aerospace, medical, automotive, defense, and industrial manufacturing customers.

Tilley Company, Inc., a portfolio company of SK Capital Partners, acquired Ingredients Solutions Incorporated (ISI). The deal expands Tilley’s specialty chemicals and ingredients offering by adding ISI’s hydrocolloid distribution and blending capabilities serving food and beverage, personal care, animal nutrition, and pharmaceutical end markets. ISI is headquartered in Waldo, Maine, and includes an R&D laboratory and hydrocolloid specialists.

North Haven Capital (NHC) acquired New England-based Interstate Fire Protection (IFP), a provider of fire protection services and systems. NHC partnered with BankProv on the transaction, and the acquisition marks a transition in ownership intended to support IFP’s geographic expansion and broader product and service offerings.

Miner Ltd., the loading dock and door division of OnPoint Group, closed its acquisition of Dock & Door Handling Systems. Dock & Door Handling Systems, founded in 1997 and headquartered in Saco, Maine, is a leading loading dock and commercial door provider across Maine, Massachusetts, and New Hampshire. The deal expands Miner’s footprint and service capabilities in the Northeast.

Genstar Capital signed a definitive agreement to acquire a majority stake in Foreside Financial Group, LLC from Lovell Minnick Partners. Foreside provides distribution and governance, risk management and compliance (GRC) solutions to clients in the global asset and wealth management industries. The transaction is expected to close in the third quarter of 2021, subject to customary approvals, and Foreside CEO Richard Berthy and President David Whitaker will remain in their roles and continue as shareholders.

Strait Lane Capital Partners, a family-owned private investment firm, acquired TTI Sports International, Ltd., a leading manufacturer of premium tennis ball felt. The transaction was funded with equity from Strait Lane families and investors and senior debt financing provided by East West Bank; TTI will continue expanding manufacturing capacity to meet growing global demand.

Covenant Health signed a definitive agreement to acquire Bangor Nursing & Rehabilitation Center, following nearly a decade of collaboration between the two not-for-profit healthcare organizations. The transaction is pending final approval by the Maine Department of Health and Human Services. Bangor Nursing & Rehabilitation Center will become a sponsored member of Covenant Health and continue operating as a not-for-profit with guidance from its community-led board.

LSI Industries Inc. acquired privately held JSI Store Fixtures in an all-cash transaction valued at $90 million. JSI, a Maine-based designer and manufacturer of refrigerated and non-refrigerated merchandising display fixtures for grocery and convenience stores, was purchased from RFE Investment Partners to expand LSI’s presence and cross-selling opportunities in retail display, lighting, and graphics solutions.

BBG, a national commercial valuation and real estate assessment services firm, acquired Mach-8 Consulting, a due diligence services firm focused on HUD-insured property assessment projects. The deal expands BBG’s assessment services by adding environmental and engineering due diligence expertise for HUD-insured multifamily assessments; financial terms were not disclosed.

Service Experts Heating & Air Conditioning LLC acquired substantially all of the assets of Pine State Services, Inc., a residential HVAC, plumbing, and electrical services company based in Portland, Maine. The acquisition expands Service Experts’ Northeast footprint while Pine State continues operating under its existing name and management team.

T-street Capital, LLC completed a growth equity investment in Hyperlite Mountain Gear, Inc., a high-performance ultralight backcountry gear brand founded in 2010. Hyperlite, headquartered in Maine, designs and manufactures products including backpacks, tents, and accessories, and plans to use the investment to accelerate growth and expand domestically and internationally.

Camping World Holdings, Inc. has signed an agreement to acquire Lee's Family Trailer, an RV dealership in Windham, Maine, marking Camping World's first location in the state. The transaction is expected to close in April 2021, after which the facility will transition to the Camping World brand and operate as a SuperCenter offering new and used RVs, service, and accessories.

Central National Gottesman Inc. (CNG) announced that its Lindenmeyr Munroe division has agreed to acquire Maine Shipping and Packaging Supply. The deal expands Lindenmeyr Munroe’s presence in the Maine market and strengthens its packaging product and solutions offering. Maine Shipping and Packaging Supply president Jeff Bryant will join Lindenmeyr Munroe in a senior sales role following the acquisition.

Energy North Incorporated (ENG) acquired Tradewinds, a Maine-based operator of convenience stores and fueling locations. The transaction expands ENG’s gas station, convenience store, car wash, and food service footprint in Maine. Generational Equity advised Tradewinds on the sale.

BayMark Health Services acquired Liberty Bay Recovery Center, a residential substance use disorder treatment facility in Portland, Maine. The acquisition expands BayMark’s addiction treatment portfolio into U.S.-based residential treatment services alongside its existing Canadian residential facility, Greenestone Muskoka.

The Shyft Group, Inc. acquired F3 MFG, Inc., an aluminum truck body and accessory manufacturer operating under the DuraMag and Magnum brands. F3 will join Shyft’s Specialty Vehicles business unit and continue to go to market under its existing brands. The deal was funded with available cash and is expected to be accretive in 2021.

Trilantic North America closed a substantial minority investment in Rarebreed Veterinary Partners, a technology-enabled veterinary services platform founded in 2018. The funding will support Rarebreed’s growth plan, with co-founders Dan Espinal and Sean Miller retaining meaningful equity stakes and continuing to lead the business; existing investors Caremi Investments, Northwood Ventures, and Halle Capital Management also participated in the round.

River Associates Investments, LP partnered with Yale Cordage’s management team to acquire Yale Cordage, Inc., a designer and manufacturer of high-performance synthetic rope and rope systems. The transaction was funded with equity from River VII, L.P., with financing support including subordinated debt and an equity co-investment from Northstar Capital (alongside TD Bank). Yale Cordage is headquartered in Saco, Maine and plans to pursue add-on acquisitions of complementary rope-related businesses.

Superior Plus Corp. entered into an asset purchase agreement to acquire Champagne's Energy, an independent retail propane distribution business. Champagne's Energy, founded in 1981, serves retail and commercial customers in Maine, and the deal is expected to close in the third quarter of 2020 subject to customary conditions.

WEX Inc. agreed to a $400 million private placement investment from an affiliate of Warburg Pincus LLC, consisting of $310 million of convertible notes and $90 million of WEX common stock. In connection with the financing, WEX also amended its senior secured credit facilities to increase financial flexibility and liquidity.

Inverness Graham Investments acquired KICTeam, Inc., a technical cleaning products manufacturer serving FinTech electronic devices such as ATMs and point-of-sale equipment. The transaction represents Inverness Graham IV’s first platform investment, and it provided an exit for Argosy Private Equity (Argosy Investment Partners IV, L.P.) and Anvil Capital (along with management). Terms were not disclosed.

Yokogawa Electric Corporation completed the acquisition of all shares of Fluid Imaging Technologies, Inc. Fluid Imaging Technologies develops, manufactures, and sells flow imaging instrumentation for analyzing cells and particles in liquid media, which Yokogawa plans to integrate into its life innovation portfolio to expand cell observation and particle analysis solutions.

Rarebreed Veterinary Partners, a technology-enabled animal health startup based in Portland, Maine, acquired Maine Veterinary Medical Center (MVMC), a specialty/referral veterinary hospital in Scarborough, Maine. As part of the transaction, Rarebreed acquired a majority stake while MVMC’s doctors and certain staff also took an ownership interest; financial terms were not disclosed.

Minuteman Security Technologies, Inc. acquired Norris Inc., a systems integrator headquartered in South Portland, Maine. The deal expands Minuteman’s footprint in northern New England, adds fire/life-safety capabilities, and brings Norris’ proprietary Vigilance mass notification system into Minuteman’s technology portfolio.

Stonewall Kitchen completed its fourth acquisition by acquiring the Village Candle brand of fragranced candles, gifts, and accessories. Village Candle, a premium candle manufacturer founded in 1993, is based in Wells, Maine and sells products across the United States and internationally.

Plixer announced that it has acquired Great Bay Software, an endpoint visibility solutions provider. The deal combines Plixer’s network intelligence capabilities with Great Bay Software’s endpoint discovery and contextual device data to improve network and security operations teams’ visibility and incident response across complex networks.

JackRabbit, a portfolio company of CriticalPoint Capital, acquired certain assets and liabilities of Olympia Sports, including its online presence and the "Olympia Sports" brand. JackRabbit plans to continue operating the acquired brick-and-mortar stores under the Olympia Sports banner, expanding its retail footprint and product offerings in athletic footwear, apparel, accessories, and sporting goods.

River Associates-backed Double E Company LLC acquired Schlumpf, Inc., a provider of engineered roll and shaft material-handling solutions. The transaction closed on September 20, 2019, and terms were not disclosed. The deal expands Double E’s converting-industry material handling capabilities and product portfolio.

Audax Private Equity acquired a controlling interest in Stonewall Kitchen, a specialty food products manufacturer and branded food platform, from Centre Partners. Stonewall Kitchen, headquartered in York, Maine, will continue to be led by its existing management team under CEO John Stiker; financial terms were not disclosed.

Alleghany Capital Corporation formed Precision Cutting Technologies, Inc. as a new holding company and, through it, acquired a majority interest in Coastal Industrial Distributors, LLC (dba CID Performance Tooling). CID, headquartered in Saco, Maine, manufactures high-performance solid carbide end mills and will continue to be led by founder Jay Lowery post-transaction.

Champlain Capital Partners completed the recapitalization of JSI Store Fixtures, Inc., a manufacturer of supermarket store fixtures and branded merchandising displays. BDO Capital Advisors served as exclusive financial advisor to JSI, supporting marketing and transaction structuring and negotiations.

Arlington Capital Partners, a Washington, DC-based private equity firm, announced the acquisition of Tex Tech Industries, Inc., a manufacturer of specialty high-performance textile materials. Tex Tech serves aerospace, defense, industrial and select sporting applications, and Arlington plans to support the company’s next phase of growth, including potential acquisitions as part of a buy-and-build strategy.

Sea Watch International completed a major investment and partnership transaction in Look’s Gourmet Food Company, Inc., doing business as Bar Harbor Foods, based in Whiting, Maine. The transaction brings Sea Watch’s seafood harvesting and production capabilities to support Bar Harbor and Atlantic branded shelf-stable seafood products and expands Sea Watch into retail grocery distribution. Michael Cote will remain CEO of Look’s/Bar Harbor Foods and work with Sea Watch to integrate resources and capabilities.

Identity Group Holdings Corporation, a portfolio company of Ancor Capital Partners, completed the acquisition of Allen Screen Printing, Inc., a sign fabrication and printing services provider. Allen Screen Printing is based in Scarborough, Maine and offers screen-printing, digital imaging, dimensional signage fabrication, finishing, and fulfillment/inventory management services primarily serving retail and grocery/convenience markets. Financial terms were not disclosed.

Ensign-Bickford Industries, Inc. (EBI), through its subsidiary EB Analytics, Inc., acquired EnviroLogix Inc. (ELIX), a Portland, Maine-based developer and manufacturer of rapid agricultural test kits and readers. EnviroLogix produces QuickStix and QuickScan products and develops immunoassays and molecular diagnostics for agricultural, plant pathogen, and veterinary applications; financial terms were not disclosed.