Acquisitions in Maryland, United States

Patton Electronics acquired Practical Technologies Inc. (PTI) to expand its electronics manufacturing capacity and capabilities for defense, aerospace, and industrial customers. The deal adds PTI’s 20,000-square-foot Baltimore-area facility to Patton’s existing Gaithersburg, Maryland operations, broadening services such as PCB assembly, wire-and-cable, electro-mechanical assembly, and potting/encapsulation.

AMETEK has acquired LKC Technologies, a developer of portable ophthalmic diagnostic devices used by clinicians to test and monitor eye health. The deal expands AMETEK’s ophthalmic product portfolio and broadens its presence in eye care diagnostics, with LKC joining AMETEK’s Electronic Instruments Group.

Evermay Wealth Management, a fee-only fiduciary registered investment advisor based in Arlington, Virginia, merged with Novotny, Larash, Venters & Wolf (NLVW), a tax preparation and business advisory firm headquartered in Annapolis, Maryland. As part of the combination, NLVW’s tax practice will operate as Evermay Tax LLC, led by Brandon Wolf, and approximately 25 NLVW professionals will join Evermay to deliver a more integrated wealth management and tax offering.

Meiji Yasuda Group has acquired Banner Life Insurance Company and William Penn Life Insurance Company of New York (together, the Banner Life family of companies), which include U.S. term life insurance and pension risk transfer (PRT) businesses previously owned by Legal & General Group plc. The transaction closed after receiving required regulatory approvals and was valued at approximately $2.3 billion (with $2.6 billion transferred at completion subject to purchase price adjustments and a final post-completion true-up). The deal also establishes a long-term strategic PRT partnership between Meiji Yasuda and Legal & General.

Auria, a provider of command, control, and communications (C3) software and solutions for advanced space and missile operations, acquired RKF Engineering Solutions and Kythera Space Solutions. The acquisitions add SATCOM engineering and spectrum management capabilities (RKF) and autonomous software-defined satellite payload management software (Kythera) to strengthen Auria’s end-to-end C3 offering for government, commercial, and national security missions. Auria is a portfolio company of Enlightenment Capital.

Cerity Partners, an independent U.S. wealth management firm, announced it has merged with SOL Capital Management, a Rockville, Maryland-based registered investment advisory firm. Under the agreement, SOL Capital Management will operate under the Cerity Partners name, expanding Cerity’s presence in Maryland and the greater Washington, D.C. region and enhancing its advisory and investment capabilities.

Sheridan Capital Partners completed an investment in ICANotes, a practice management and electronic health records (EHR) software platform purpose-built for behavioral health providers. ICANotes, founded in 1999 and headquartered in Baltimore, Maryland, provides a cloud-based, AI-enhanced EHR platform designed for mental health workflows; financial terms were not disclosed.

System One Holdings has acquired Cypress Consulting, a Bethesda, Maryland-based technology consulting firm focused on cloud architecture, data engineering, cybersecurity, and digital transformation. The acquisition expands System One’s critical infrastructure and data center services capabilities, strengthening its offerings in network engineering, automation, and security across data center and cloud network environments. Financial terms were not disclosed.

Brivo and Eagle Eye Networks announced they will merge to create what they describe as the world’s largest AI cloud-native physical security company, combining Brivo’s cloud access control and smart space technology with Eagle Eye’s cloud AI video surveillance. The combined business will operate under the Brivo name and offer a unified platform branded as the Brivo Security Suite, with Dean Drako as CEO and Steve Van Till as President.

MAI Capital Management acquired Lowe Wealth Advisors, a Columbia, Maryland-based registered investment advisor with $527 million in assets under management. The deal expands MAI’s presence across Maryland and the broader Mid-Atlantic region; financial terms were not disclosed.

MedStar Health acquired the Hope for Henry Foundation, a nationally recognized nonprofit focused on improving pediatric care through an evidence-based incentive program. MedStar will integrate Hope for Henry’s programming directly into its clinical operations and roll it out across pediatric service lines to ensure long-term continuity and impact.

Mercer Global Advisors, Inc. (Mercer Advisors) acquired Glass Jacobson Wealth Advisors, a Maryland-based wealth management firm with approximately $1 billion in assets under management. The deal expands Mercer Advisors’ Mid-Atlantic presence across the Baltimore and Washington, D.C. corridor and adds Glass Jacobson’s tax- and accounting-integrated advisory capabilities to Mercer’s national platform; financial terms were not disclosed.

Reliable Energy Partners, a propane distribution growth platform backed by Soundcore Capital Partners, acquired Economy Propane, LLC. Economy Propane is a bulk-propane distributor headquartered in Baltimore, Maryland, expanding Reliable’s footprint into the Mid-Atlantic region; transaction terms were not disclosed.

Aretum announced the acquisition of Veterans Engineering (VE), a federal technology solutions provider focused on IT modernization, cybersecurity, cloud architecture, and digital transformation for U.S. federal agencies. Veterans Engineering, founded in 2005 and headquartered in Rockville, Maryland, will operate as a wholly owned subsidiary of Aretum. The transaction was backed by private equity firm Renovus Capital Partners.

AutoNation, Inc. acquired Jerry's Toyota from Jerry's Automotive Group in Baltimore, Maryland, and renamed the dealership AutoNation Toyota White Marsh. The transaction became effective December 8, 2025, adding AutoNation’s first Toyota dealership in Maryland and its 20th Toyota store nationwide; Dave Cantin Group advised the seller on the deal.

Creative Planning, a registered investment advisor headquartered in Overland Park, Kansas, acquired Burt Wealth Advisors, an established RIA based in North Bethesda, Maryland. The transaction adds approximately $1 billion in assets under management to Creative Planning and represents its 15th acquisition in the past two years.

SAX, a national accounting, tax, and advisory firm backed by Cobepa via a July 2025 minority investment, completed two add-on acquisitions: Maddaloni, Nydick & Keenan (MNK) and SCL Consulting. SCL Consulting, founded in 2014 and based in Maryland, entered an agreement to join SAX LLP and SAX Advisory Group LLC effective November 14, 2025, expanding SAX’s Client Accounting Services capabilities and Mid-Atlantic presence.

MAI Capital Management, a registered investment advisor, acquired Court Place Advisors, LLC, an Ellicott City, Maryland-based RIA with $366 million in assets under management. The deal expands MAI’s Mid-Atlantic footprint and adds Court Place’s team to MAI, with Court Place adopting MAI’s brand identity. Terms were not disclosed, and the transaction became effective November 14, 2025.

FVLCRUM Funds Capital Group completed an investment in Professional Security Consultants (PSC), a national provider of physical security guard services. The investment was made through FVLCRUM’s existing SafeTouch Security platform, combining PSC’s physical guarding capabilities with SafeTouch’s electronic security and monitoring solutions to offer integrated services nationwide.

Kermit announced a strategic growth investment from Diversis Capital to accelerate expansion of its physician preference item (PPI) spend management and analytics platform. The funding will support Kermit’s growth across the United States, United Kingdom, and Ireland and further development of AI-powered analytics and predictive capabilities for hospitals and health systems managing implantable medical device spend.

Reconomy, a London-based circular economy services company, acquired Integrated Waste Analysts (IWA), an industrial waste management and commodity management services provider headquartered in Hanover, Maryland. The deal was completed in November 2025 and was executed through Reconomy’s North American operating arm, Lincoln Waste Solutions by Reconomy, as the seventh acquisition for its U.S. platform in just over a year.

Safe Harbor Marinas acquired Port Annapolis, a 16-acre boatyard and marina facility in the Annapolis area featuring a 250-slip marina, dry storage, and full-service boatyard capabilities. The transaction closed on November 11, 2025, and added Port Annapolis as Safe Harbor’s 151st location worldwide; Safe Harbor subsidiary Bluewater Yacht Sales plans to relocate to the site in early 2026.

Frazier & Deeter (FD) announced it has completed the acquisition of Rosen, Sapperstein & Friedlander, LLC (RS&F), a Towson, Maryland-headquartered CPA and advisory firm serving family offices, ultra-high-net-worth families, and middle-market organizations. The transaction expands FD’s Mid-Atlantic footprint and strengthens its family office and middle-market advisory capabilities, with RS&F expected to be fully integrated into FD’s operational and support infrastructure.

Omega Systems acquired PEAKE Technology Partners, a healthcare-focused managed services provider, to expand its managed IT, cybersecurity, and compliance capabilities for healthcare organizations. PEAKE, founded in 2014 and based in Bowie, Maryland, adds expertise in HIPAA/HITECH compliance, EHR management, cloud solutions, and clinical AI-driven healthcare tools, strengthening Omega’s healthcare MSP/MSSP footprint in the Mid-Atlantic and beyond.

AlphaCore Wealth Advisory announced it is acquiring SPC Financial, a Rockville, Maryland-based wealth advisory and tax-services firm. The transaction adds approximately $1.5 billion in client assets and nearly 40 professionals, expanding AlphaCore’s East Coast (Mid-Atlantic) presence and strengthening its in-house tax-planning capabilities. Post-close, the combined firm is expected to have over $8.5 billion in client assets and more than 100 employees.

Electro-Mechanical, LLC acquired Powercon Corporation, a designer and manufacturer of custom medium-voltage switchgear, e-houses, and modular substation power systems. The deal expands Electro-Mechanical’s capabilities in medium-voltage switchgear and integrated power distribution systems serving utility, data center, and critical infrastructure customers across North America.

Family Office of America, Inc. (FOFA), via its subsidiary Family Office of Maryland, acquired Toone & Associates, a Maryland-based CPA firm serving high-net-worth individuals and families. The deal marks FOFA’s entry into the fragmented accounting services market and supports its strategy to roll up CPA practices while expanding integrated tax, wealth, and family office offerings.

Epiphany Dermatology announced a partnership with Modly Dermatology, expanding Epiphany’s presence in the greater Baltimore, Maryland market. Modly Dermatology, founded in 2002 by Dr. Charlotte Modly, will join the Epiphany network and gain operational and support resources while continuing to deliver dermatology care from its Reisterstown location.

Xcelerate Solutions, a defense and national security services company backed by McNally Capital, has acquired clearAvenue. Headquartered in Columbia, Maryland, clearAvenue provides software development and maintenance, business intelligence and analytics, AI/ML, big data, infrastructure, and cloud services support to U.S. federal agencies. The combined company will continue to operate under the Xcelerate Solutions brand and expands Xcelerate’s technical capabilities and scale.

Bain Capital Real Estate and BlueWater Marinas acquired Kent Narrows Boatel (KNB), a Class-A heated drystack marina located in Kent Narrows, Maryland, just outside of Annapolis. The acquisition marks the fourth marina added to the Bain Capital/BlueWater portfolio.

Merit Financial Advisors, a Georgia-based wealth management firm, acquired Obsidian Planning Solutions, a Maryland-based firm specializing in business succession planning and financial planning for business owners. The transaction (Merit’s 50th acquisition) adds approximately $476 million in client assets and establishes Merit’s first offices in Maryland (Rockville and Columbia); Obsidian partners Patrick Carroll and Todd Feldman and their team will join Merit. The deal closed on October 3, 2025, following Merit’s July 2025 minority investment from Constellation Wealth Capital; terms were not disclosed.

Elation Lighting Inc. has acquired the X-Laser brand and assets and launched X-Laser USA to continue operating under the X-Laser name. The deal adds high-powered entertainment laser products to Elation’s portfolio and establishes U.S.-based manufacturing, R&D, and service operations from X-Laser’s facility in Laurel, Maryland. X-Laser products will be distributed globally through Elation’s distribution network and will also support other ADJ Group brands.

Northrim Horizon, an Arizona-based permanent capital investment firm, acquired ACG Systems, a Maryland-based systems integrator and technical services provider for mission-critical wireless communication systems. The deal represents Northrim’s third platform acquisition out of Fund III, with ACG positioned as a base for organic expansion and future acquisitions. Northrim also appointed Thomas Montalbano as CEO to lead the platform’s growth.

Salt Creek Capital acquired Real Diagnostics, LLC (RealDx), a specialist clinical diagnostic laboratory serving physician offices and clinics with rapid microbiology and molecular testing. HCAP Partners also invested in RealDx to support the acquisition and fund the company’s next phase of growth, including expanded access to advanced diagnostic services and workforce initiatives.

Lumelight, an integrated benefits compliance provider, acquired BMI Audit Services, a specialist in dependent eligibility verification and medical/pharmacy claims audit solutions. The deal expands Lumelight’s benefits plan integrity and oversight capabilities, adding deeper audit expertise to help employers and health plans reduce costs and manage fiduciary risk.

Ames Watson, a private equity/investment firm based in Columbia, Maryland, completed the acquisition of Claire’s North American business operations and intellectual property for $140 million through a bankruptcy process. The transaction is intended to preserve hundreds of Claire’s/Icing mall stores and associated jobs while Ames Watson pursues a turnaround focused on refreshed merchandising, marketing, store concepts, and enhanced piercing offerings.

Graycliff Partners made an investment in Vytex, LLC, a Laurel, Maryland-headquartered manufacturer and installer of customized vinyl windows and patio/storm doors serving the residential replacement, renovation, and remodeling market. Brookside Capital Partners supported the transaction by providing subordinated debt and an equity co-investment alongside Graycliff and Vytex management to fund the company’s next phase of growth.

RedZone Technologies, a managed security service provider and IT services firm focused on highly regulated industries, received a growth investment from private equity firm ParkerGale. The terms were not disclosed, and the investment coincides with the appointment of Gary Simat as CEO to help scale RedZone’s security-first managed services platform.

Beacon Pointe Advisors acquired Bethesda, Maryland-based registered investment adviser The Family Firm, which manages about $857 million in client assets. The deal expands Beacon Pointe’s Mid-Atlantic/Washington, D.C. presence and adds a female-led team aligned with Beacon Pointe’s Women’s Advisory Institute; the transaction closed September 15, 2025.

Grizzly MEP announced a new partnership with Excel Mechanical Contractors, LLC, expanding Grizzly’s commercial MEP platform into the Mid-Atlantic region. Excel Mechanical, headquartered in Baltimore, Maryland, will continue to be led by CEO James D. Bloom III as it pursues growth with Grizzly’s backing. Grizzly MEP is supported by Garnett Station Partners.

Chargebee announced the acquisition of Inai, a payments intelligence and analytics company. Chargebee plans to integrate Inai’s technology and team to enhance payments observability, fee intelligence, and AI-driven optimization and revenue recovery capabilities for recurring-revenue merchants operating across multiple gateways and geographies.

Frost Law, a Maryland-based legal and professional services firm, acquired Nager Law Group to expand and strengthen its consumer bankruptcy and insolvency practice. Nager Law Group founder Alon Nager is joining Frost Law as a Director, bringing experience in Chapter 7 and Chapter 13 bankruptcies, debt settlement, and foreclosure defense serving clients in the Baltimore–Washington region.

Becklar, a provider of critical event monitoring and emergency response solutions and a portfolio company of Graham Partners, acquired Dynamark Monitoring, a leading U.S. wholesale alarm monitoring provider. Dynamark is headquartered in Hagerstown, Maryland and operates UL-listed monitoring centers, adding expanded monitoring capabilities (including East Coast capacity) to Becklar’s monitoring platform.

Access Holdings sold its student transportation platform, American Student Transportation Partners (ASTP), to funds managed by CVC DIF. ASTP was launched in 2021 following Access’ acquisition of Krise Transportation and expanded to serve over 50 school districts with 2,300+ vehicles across three states.

Navigant Capital Partners made a significant growth investment in Marketplace 4 Insurance (M4I), an independent insurance brokerage platform focused on expansion across the Southeast and Mid-Atlantic United States. Simultaneously, M4I acquired Reilly Insurance Agency, a Maryland-based independent insurance agency, with founder Richard Reilly retaining a leadership role and significant ownership. Financial terms were not disclosed.

Skyline Roofing Partners, a residential roofing and exterior services platform backed by Imperial Capital, acquired One Day Roofing, a fast-growing residential re-roofing business. One Day Roofing is headquartered in Columbia, Maryland, and will continue to be led by CEO Andrew Engel and COO Griffin Libhart, who will retain an ownership stake.

Pye-Barker Fire & Safety acquired Fire-X Sales and Service Corp. and its sister company Fire Protection Products (FPP), fire suppression and fire protection services providers based in Maryland. The acquisition expands Pye-Barker’s ability to deliver full fire code compliance services in Maryland and strengthens its integrated life-safety offering across the mid-Atlantic region.

Rainier Partners-backed SCI Flooring completed its third add-on acquisition with the purchase of Flooring Partners. Flooring Partners, an employee-owned flooring sales and installation provider headquartered in Baltimore, expands SCI’s footprint from the Midwest into East Coast markets and strengthens its exposure to multi-family and commercial flooring demand.

HFA Architecture + Engineering (HFA) acquired Chesapeake Design Group (CDG), a boutique architecture firm headquartered in Baltimore, Maryland. The acquisition expands HFA’s architectural talent and strengthens its regional presence in the Mid-Atlantic while enabling CDG clients to access HFA’s broader in-house multidisciplinary services. CDG will operate under the HFA brand as of August 1.

UFP Technologies, Inc. (Nasdaq: UFPT) announced the acquisitions of Universal Plastics & Engineering Company, Inc. (UNIPEC) and Techno Plastics Industries, Inc. (TPI) to expand its tight-tolerance film components and thermoplastic molding capabilities for the medical device market. UNIPEC, headquartered in Rockville, Maryland, manufactures precision thermoformed and heat-sealed polymer components used primarily for shielding batteries in Class III implantable medical devices, and was advised by Trout Capital Advisors on its sale. The transactions were financed with available cash and borrowings under UFP’s existing credit facility.

Marriott International has completed its acquisition of the lifestyle hotel brand citizenM to expand its global select-service portfolio. citizenM’s portfolio of 37 open hotels (8,789 rooms) across the U.S., Europe, and Asia Pacific, plus a pipeline of two additional hotels, is expected to be integrated into Marriott’s systems and ultimately participate in the Marriott Bonvoy loyalty program later in 2025.

AbsoluteCare secured $135 million in equity financing from Kinderhook Industries, CVS Health Ventures, Pacific Life, and Lexington Partners. The strategic investment will support AbsoluteCare’s value-based integrated care model by optimizing operations and funding expansion into new markets and member populations.

Excel Courier, Inc. announced the acquisition of Quick Messenger Service (QMS), a Bethesda, Maryland-based courier company serving the Washington, D.C. metro area for more than 40 years. The deal expands Excel Courier’s same-day, time-critical delivery footprint in the DC metro region and adds capabilities in medical and business-critical deliveries as integration gets underway.

Hidden Harbor Capital Partners made a strategic investment in McHale & McHale Landscape Design, LLC ("McHale"), a provider of premium residential landscaping design, installation, and maintenance services. McHale is headquartered in Upper Marlboro, Maryland and serves customers across Washington, DC, Maryland, and Virginia; founders Kevin and Steve McHale remain invested and active in the business. The transaction closed on July 16, 2025, with financing provided by funds managed by First Eagle Alternative Credit.

US Masonry and Building Products (USMBP), a Kinderhook Industries portfolio company, acquired Cheney Flashing, LLC, a manufacturer and supplier of rigid flashing, weatherproofing solutions and custom masonry anchoring systems. The deal is USMBP’s first acquisition since Kinderhook’s initial investment in July 2024 and is intended to expand USMBP’s masonry accessories and building envelope solutions platform; financial terms were not disclosed. Cheney owners Richard Levine and Mat Levine (who acquired the business in 2006) will remain with the company, and Cheney will be integrated with USMBP’s Heckmann brand.

Orchard Mental Health Group acquired Maryland Counseling Associates, adding four new locations and 31 clinicians to Orchard’s footprint. Orchard Mental Health Group (formerly Quince Orchard Psychotherapy) is backed by The Graham Group, and the deal represents Orchard’s third acquisition in 2025 as it continues expanding mental health services across the DMV region.

Parsons Corporation acquired Chesapeake Technology International, Corp (CTI) for $89 million. CTI, a portfolio company of Bluestone Investment Partners, strengthens Parsons’ electromagnetic warfare and all-domain technology solutions for U.S. defense customers and will be aligned with Parsons’ Defense & Intelligence business unit.

Latticework Capital Management (LCM) announced a strategic investment to partner with First Medical Associates (FMA), a multi-site primary care provider. Founded in 2008 and headquartered in Germantown, Maryland, FMA operates eleven clinics across Maryland, and the partnership is intended to support continued growth and expansion. PennantPark Investment Advisers, LLC provided debt financing in connection with the transaction.

Saval Foods, LLC acquired Pastore's Italian Wholesale Distributor, a Baltimore-area family-owned wholesaler known for its Sun of Italy brand. The deal expands Saval’s Italian specialty product portfolio and is intended to support the growth of Sun of Italy across both foodservice and retail markets. As part of the transition, Mike Pastore Jr. will join Saval Foodservice in a brand development role focused on Sun of Italy.

ELTA North America (ENA) has acquired Chemring Sensors and Electronic Systems' (CSES) Explosive Hazard Detection line of business, expanding ENA’s defense capabilities in mine and IED detection. The acquired product line includes ground penetrating radar-based systems such as the Husky Mounted Detection System (HMDS) and the MDS-10 handheld mine detector, which will be integrated into ENA’s portfolio.

Grace Design Studios, backed by Bernhard Capital Partners, has acquired CRGA Design, a healthcare-focused architecture, interior design, and planning firm. The deal expands Grace’s healthcare design capabilities and strengthens its presence in the Mid-Atlantic, with CRGA continuing operations as “CRGA Design, a Grace Design Studio.”

Casella Waste Systems, Inc. acquired William Gerber, Inc. ("Gerber’s"), a commercial waste hauler serving businesses across Baltimore County. The deal expands Casella’s waste collection capabilities in the Mid-Atlantic region; financial terms were not disclosed.

Mercer Global Advisors, Inc. (Mercer Advisors) acquired Tufton Capital Management, LLC, a Hunt Valley, Maryland-based wealth management and financial planning firm. The deal expands Mercer Advisors’ presence in the greater Washington, DC market and brings Tufton’s roughly $800 million in assets under management into Mercer’s platform, lifting Mercer’s client assets in the region to approximately $3 billion. InCap Group, Inc. served as exclusive financial advisor to Tufton Capital Management.

ALKEME, an insurance brokerage based in Ladera Ranch, California, announced the acquisition of Becker Benefit Group, an employee benefits agency headquartered in Maryland. The deal represents ALKEME’s first acquisition in Maryland and supports its East Coast expansion strategy while further strengthening its growing benefits practice.

Caymus Equity Partners LLC acquired Valley Lighting, LLC, a commercial lighting and shading solutions provider headquartered in Linthicum Heights, Maryland. The transaction was completed in partnership with Valley leadership, with CEO Kathy Deppe and EVP Tommy Jones retaining significant ownership stakes and continuing to lead the business. The acquisition was supported by financing/investments from SI Private Capital, LongWater (Capital Solutions/Opportunities), Midwest Mezzanine Funds, and Enterprise Bank.

Pye-Barker Fire & Safety has acquired Alarm Engineering Inc., a Maryland-based security and alarm services provider serving Maryland, Delaware, and Virginia. The acquisition expands Pye-Barker’s integrated life safety, security, and fire code compliance capabilities across the Mid-Atlantic region.

VTG, a national security solutions provider, acquired Triaplex, Inc. to add signals intelligence and cyber warfare expertise and expand its Intelligence Community footprint in the National Capital Region. Triaplex, founded in 2020 and based in Fulton, Maryland, is known for radio frequency solutions supporting U.S. warfighters. The deal marks VTG’s fourth acquisition since receiving a majority investment from private equity firm A&M Capital.

SePRO Corporation, a portfolio company of Stanley Capital Partners and backed by Goldman Sachs Alternatives, acquired Green Eyes Environmental Monitoring Solutions, a founder-owned U.S. lab technology company specializing in real-time, field-based nutrient analysis. The deal expands SePRO’s water health and environmental monitoring capabilities by adding Green Eyes’ NuLAB automated nutrient monitoring technology; financial terms were not disclosed.

Straine Dental Management (SDM) announced the acquisition of Clarksburg Dental Center, a dental practice in Germantown, Maryland. The deal marks SDM’s entry into Maryland as its 16th U.S. state and supports the company’s continued expansion of its dental services organization (DSO) network.

Lockmasters, Inc., a portfolio company of Dominus Capital, acquired Astic Signals Defenses, LLC (Signals Defense), a Maryland-based provider of radio frequency (RF) and infrared (IR) shielding solutions, including proprietary window film technology used in high-security government and commercial applications. The deal is the fifth add-on acquisition for Lockmasters under Dominus’ ownership and expands Lockmasters’ suite of high-security products and services for SCIF and other sensitive environments.

ELIQUENT Life Sciences, a global regulatory, quality, and safety consulting firm backed by GHO Capital, acquired Truliant Consulting, a pharmacovigilance, risk management, and regulatory compliance advisory firm. The deal expands ELIQUENT’s pharmacovigilance platform by adding Truliant’s technology-driven services and domain expertise to support life sciences clients across safety, compliance, and operational scalability.

Atlantic Union Bankshares Corporation completed its previously announced merger with Sandy Spring Bancorp, Inc. in an all-stock transaction valued at approximately $1.3 billion. As part of the deal, Sandy Spring’s subsidiary bank, Sandy Spring Bank, was merged into Atlantic Union Bank, expanding Atlantic Union’s regional banking presence across Virginia and Maryland.

Waverly Advisors, a federally registered investment adviser, acquired Baltimore, Maryland-based GGM Wealth Advisors to expand its presence in the Northeast, including into Maryland and Virginia. Founded in 1996 and led by Jeff Johnson and Michael Little, GGM manages over $400 million in AUM and its entire team is joining Waverly. The deal closed March 21, 2025; financial terms were not disclosed.

Redhorse Corporation acquired The Mannakee Group in a strategic deal to strengthen Redhorse’s technology offerings for federal defense and national security customers. Headquartered in Kensington, Maryland, Mannakee brings advanced software development and DevSecOps capabilities, complementing Redhorse’s AI/ML and data exploitation strengths.

Doceo announced the acquisition of the copy and print division of Landis Office Center Inc., a Maryland-based office technology provider. The deal expands Doceo’s presence in Western and Central Maryland and strengthens its ability to provide copiers/printers and related office technology solutions with enhanced local service and support.

Eir Partners announced a growth investment in Porter, a technology and AI-enabled platform focused on quality- and risk adjustment-oriented care coordination for payors and providers. Porter is headquartered in Baltimore and connects plan members with resources, services, products, and education to help them live at home, with services reaching across the U.S.

Greenman-Pedersen, Inc. (GPI) acquired DesignTech, Inc., a Maryland-based engineering firm specializing in mechanical, electrical, plumbing, and fire suppression systems design. The deal expands GPI’s building systems design capabilities and supports its strategy to broaden service offerings and geographic reach, particularly in the Mid-Atlantic region.

Jabil Inc. acquired Pharmaceutics International, Inc. (Pii), a Hunt Valley, Maryland-based contract development and manufacturing organization (CDMO) providing dosage form development and cGMP manufacturing services including aseptic/sterile injectables, lyophilization, and oral solid dose production. The transaction was an undisclosed all-cash sale, representing an exit for Pii shareholders including Signet Healthcare Partners, Athyrium Capital Management, Hildred Capital, and Pharmascience Inc.

FedEx Corp. has acquired RouteSmart Technologies, a provider of route optimization solutions and the Routing as a Service (RaaS) platform. RouteSmart will continue serving customers across industries and will operate as a standalone entity under FedEx Dataworks to enhance FedEx’s global pickup and delivery optimization capabilities.

Digital Capital Partners (DigiCap), a private equity firm led by Jay Sunny Bajaj, has acquired Govplace, a provider of secure IT solutions to U.S. federal agencies. The acquisition is DigiCap’s first investment in the federal sector and is intended to accelerate Govplace’s growth in federal IT modernization, cybersecurity, and operational optimization. Govplace’s leadership team, including CEO Simone Feldman, will remain in place.

Pitcairn, a U.S. family office and wealth management firm, acquired Brightside Partners, an ultra-high-net-worth focused registered investment advisor based in Baltimore, Maryland. The deal expands Pitcairn’s alternative investments capabilities by adding Brightside’s network of over 100 asset managers and research partners, bringing Pitcairn to more than $9 billion in advised assets. The transaction closing also coincided with the launch of Pitcairn Wealth Advisors LLC, a new RIA under the Pitcairn corporate umbrella.

ENT Partners, LLC, a physician practice management company focused on ENT, facial plastics, and sleep medicine, acquired the practice led by Alan E. Oshinsky, MD, PA and The Hearing Wellness Center, LLC to expand its presence in the Baltimore market. The combined businesses operate five locations in the Baltimore area, adding otolaryngology and audiology capabilities to ENT Partners’ local platform presence (including Maryland ENT).

HB Wealth Management (Homrich Berg), an Atlanta-based fee-only wealth advisor, closed its acquisition of WMS Partners, a registered investment adviser and multi-family office with approximately $6.4 billion in assets under management headquartered in Towson, Maryland. The deal expands HB’s family office capabilities and strengthens its presence in the mid-Atlantic region. Following the transaction, the combined firm is expected to manage more than $24 billion in AUM, with WMS Partners’ team remaining in its Towson office.

Encore Fire Protection partnered with Fireline Corporation through a majority recapitalization. Fireline, a Baltimore, Maryland-based provider of fire and life safety services and equipment across the Mid-Atlantic, will continue operating under its brand with Anna Gavin remaining a shareholder and continuing to lead the company.

Braemont Capital announced a strategic investment in TEC Services, LLC, a provider of janitorial and sanitation services for grocery and food distribution customers. The investment is intended to support TEC’s growth plans, including organic expansion and potential acquisitions; financial terms were not disclosed.

Bluesight, a provider of inventory management, procurement, and compliance solutions for health systems and hospital pharmacies, acquired Protenus, a healthcare compliance analytics platform provider. The deal strengthens Bluesight’s drug diversion platform and adds patient privacy monitoring capabilities, expanding its compliance and risk-management offering. Thoma Bravo is referenced as Bluesight’s sponsor, and Protenus was advised by Baird.

Champlain Capital Partners acquired Agam Group, Ltd., a turnkey manufacturing partner providing adaptable physical structures for trade shows, events, retail, and commercial interiors. Brookside Capital Partners supported the transaction by providing senior debt and an equity co-investment.

Aprio announced it has entered the Baltimore market through its combination with (strategic acquisition of) Nardone, Pridgeon & Company, P.A., an accounting, tax, and advisory firm serving individuals, families, and businesses. The transaction expands Aprio’s Mid-Atlantic presence and provides Nardone, Pridgeon & Company clients access to Aprio’s broader service offerings, including specialty tax, wealth management, and transaction advisory.

IQ Fiber, a Jacksonville, Florida-based fiber-optic internet service provider, completed the acquisition of ThinkBig Networks, a Maryland-based 100% fiber-optic ISP serving multiple Maryland counties. The transaction supports IQ Fiber’s expansion in the Chesapeake Bay Region and is backed by additional equity funding from SDC Capital Partners, with ThinkBig to be rebranded as IQ Fiber in 2025.

KLH Capital partnered with the management team of Concrete Protection & Restoration (CPR) to complete a recapitalization of the business. Headquartered in Baltimore, Maryland, CPR provides concrete restoration and structural repair services for high-rise and other buildings across the United States. The transaction is intended to support CPR’s expansion through accelerated organic growth, additional service offerings, and entry into new geographies.

Joe Hudson's Collision Center (JHCC) acquired Cliff's Hi-Tech Body Shop in Essex, Maryland, making it JHCC's 250th location. The company also announced expansion via two new greenfield openings in Georgia as part of its broader growth strategy.

MAI Capital Management, a registered investment adviser and wealth management firm, acquired Carmichael Hill & Associates, Inc., adding approximately $350 million in client assets under management and expanding MAI’s presence in Maryland and the Washington, D.C. metro region. Carmichael Hill, headquartered in Gaithersburg, Maryland, will adopt MAI’s brand and leverage MAI’s internal infrastructure; the deal became effective December 6, 2024. Terms were not disclosed, and Turkey Hill Management advised Carmichael Hill on the transaction.

AirX Climate Solutions, Inc. (ACS) has acquired Powrmatic USA, a specialty HVAC designer and manufacturer of commercial and industrial heating/cooling air turnover products and OEM heat exchangers. Powrmatic is based in Finksburg, Maryland, and the deal represents the final divestment of Powrmatic by Stamm International Corporation. ACS is a portfolio company of Gryphon Investors.

SageView Advisory Group, an independent RIA, acquired retirement plan consulting firm OnTrack 401(k) of Frederick, Maryland. OnTrack 401(k) advises on approximately $400 million in assets and serves more than 90 institutions; the deal closed on December 2, 2024. Following the acquisition, founder Doug O'Rear joined SageView as Managing Director and team member Cindy Brown joined as a Retirement Plan Consultant, expanding SageView’s Maryland and East Coast presence.

Schneider National, Inc. entered into a definitive agreement to acquire Cowan Systems, LLC and affiliated entities for approximately $390 million in cash, with separate agreements to purchase related real estate assets for about $31 million. Baltimore-based Cowan Systems is a dedicated contract carrier with complementary brokerage, drayage, and warehousing services, and will operate as a wholly owned Schneider subsidiary following closing (expected in the fourth quarter of 2024) financed with cash on hand and a new delayed-draw term loan facility.

Modera Wealth Management, LLC acquired Bay Point Wealth, a registered investment adviser with offices in Annapolis and Stevensville, Maryland. The transaction adds Bay Point’s fee-only financial planning and investment management services and approximately $467 million in AUM to Modera’s platform.

Network Coverage acquired Think|Stack, a Baltimore-based provider of cybersecurity and cloud solutions. Following the acquisition, Network Coverage Chief Strategy Officer Brian David was promoted to Co-CEO alongside Think|Stack CEO Chris Sachse. The deal is intended to strengthen Network Coverage’s end-to-end managed IT, cybersecurity, compliance, and cloud capabilities for customers across the United States.

Sheehy Auto Stores acquired two Maryland auto dealerships: Bill Kidd's Timonium Toyota (Timonium) and Bill Kidd's Volvo Cars (Hunt Valley). The dealerships were previously owned by the Fenwick and Kidd families, with Haig Partners serving as exclusive sell-side advisor. Following the transaction, the stores will be rebranded as Sheehy Toyota Timonium and Sheehy Volvo Cars Hunt Valley.

Shawmut Design and Construction acquired First Finish, a full-service hotel renovation contractor, to combine Shawmut’s large-scale luxury hotel construction capabilities with First Finish’s fast-track, high-end interiors expertise. First Finish will continue operating and pursuing its own projects, with founder David Burman remaining president, and its employees joining Shawmut’s employee-owned organization.

Citrin Cooperman entered into an agreement to acquire substantially all the assets of Clearview Group, a Baltimore metro-based management consulting and CPA firm, strengthening Citrin Cooperman’s Mid-Atlantic presence and expanding capabilities in risk advisory, state and local tax, and technology solutions/implementation. Structured as two acquisitions under an alternative practice structure, Citrin Cooperman Advisors LLC will acquire Clearview’s non-attest assets while Citrin Cooperman & Company, LLP will acquire the attest assets of BD & Co., Inc. The transaction was expected to close in November 2024.