Acquisitions in Pennsylvania, United States

Enverus, an energy-focused SaaS company, has acquired Pearl Street Technologies, a Pittsburgh-based provider of software automation solutions for power grid interconnection and planning studies. The acquisition adds Pearl Street’s SUGAR power flow engine and Interconnect platform to Enverus’ data, analytics, and power/energy transition offerings to help utilities, transmission providers, developers, and investors address interconnection queue backlogs and grid reliability challenges.

Mount Franklin Foods, LLC acquired the assets of Stuffed Puffs, LLC for an undisclosed amount, effective immediately. Bethlehem, Pennsylvania-based Stuffed Puffs produces marshmallow products filled with milk chocolate and other ingredients using proprietary technology, and the deal expands Mount Franklin Foods’ confectionery portfolio.

Union Bay Acquisition LLC completed the acquisition of the commercial insurance business of Brookside Insurance, which is based in Allentown, Pennsylvania. Deal terms were not disclosed, and the transaction marks Union Bay’s fourteenth acquisition.

Ideal Integrations, a Pittsburgh-based managed services provider of IT and cybersecurity services, announced a recapitalization in partnership with private equity firm Frontenac and founder/CEO Michael Stratos. The investment will support Ideal Integrations’ organic growth initiatives and enable the company to pursue strategic acquisitions; financial terms were not disclosed.

An affiliate of Stellex Capital Management has entered into a definitive agreement to acquire McConway & Torley (M&T) and Standard Forged Products (SFP) from Arcosa, Inc. The Pittsburgh-based businesses manufacture cast, forged, and machined products for rail and industrial customers, and the transaction is expected to close in the third quarter of 2024. As part of the deal, industry veteran David Meyer will become CEO to help drive organic and acquisitive growth.

Rockbridge Growth Equity made a majority investment in Vici Media Inc., a provider of white label digital marketing and advertising solutions. The investment forms Rockbridge’s new digital media platform, with Vici’s founder Todd Schumacher and other founding leaders retaining minority stakes and continuing to lead the business. Financial terms were not disclosed.

Kelvin Group, backed by Southfield Capital, has acquired Dahms Refrigeration Services (DRS), an industrial and commercial refrigeration services provider headquartered in Norristown, Pennsylvania. DRS will be integrated into Kelvin’s RD&S business unit, expanding service capabilities in the Mid-Atlantic and marking RD&S’s first acquisition under Kelvin Group.

Varian, a Siemens Healthineers company, acquired Aspekt Solutions (formerly Medical Physics Holdings), a provider of medical physics, dosimetry, and strategy consultation services. The deal represents L2 Capital’s exit from its 2017 investment in the company; financial terms were not disclosed.

Union Bay Acquisition LLC, an insurance agency aggregator based in Lansdale, Pennsylvania, has acquired Cornerstone Insurance Services of Elkins Park, Pennsylvania. The deal expands Union Bay’s property-casualty insurance agency footprint, with transaction terms not disclosed.

gWorks acquired Freedom Systems, a software provider serving small local governments in Pennsylvania. The deal, effective March 27, 2024, expands gWorks’ local-government software capabilities and customer base, and continues gWorks’ acquisition strategy supported by BV Investment Partners.

Resco Products, Inc., a portfolio company of Balmoral Funds LLC, has entered into a definitive agreement to be acquired by RHI Magnesita for an enterprise value of up to $430 million. The transaction is expected to close in the second half of 2024, subject to customary closing conditions and regulatory approvals.

Supreme Group, backed by Trinity Hunt Partners, acquired Health+Commerce, an integrated marketing and public relations agency serving innovative healthcare companies. The acquisition represents Supreme Group’s second add-on deal following Clarity Quest, and Health+Commerce will continue operating under its own brand with its leadership team remaining in place.

SmitHahn Company, Inc., a Pennsylvania-based mechanical contractor and metal fabricator, has been sold to the investor group of GMAC Holdings, Inc. BMI Mergers & Acquisitions served as advisor on the transaction.

Parkway Capital announced an investment in Architectural Polymers as part of a recapitalization led by Stonebridge Partners in partnership with the company’s senior management team. Parkway, Brookside Capital Partners, and Spring Capital Partners provided subordinated debt and equity to support the transaction. Architectural Polymers is a manufacturer and designer of urethane and plastic molds/formliners for concrete construction applications and is headquartered in Palmerton, Pennsylvania.

Four Northeast-based ENT practices—Pinnacle ENT, Providence ENT, BergerHenry ENT, and Greenwich ENT—have partnered to form Align ENT + Allergy, a physician-led ENT and Allergy management services organization. Align will provide non-clinical practice management services while allowing the practices to retain clinical autonomy. The new platform is backed by Zenyth Partners and includes operations across Pennsylvania and Connecticut.

Targeted PetCare (TPC), a Wind Point Partners portfolio company, has acquired Pet Brands, a high-growth pet treats business. The deal expands TPC’s pet treat portfolio and adds complementary sourcing, design, and packaging capabilities.

L2 Capital made a strategic investment in The iFranchise Group and TopFire Media, a franchise consulting and digital marketing/public relations platform serving the franchising industry. Merion Investment Partners and Salem Investment Partners co-invested alongside L2 Capital, and debt financing was provided by First Bank of New Jersey along with Merion and Salem. Terms of the transaction were not disclosed and Mark Siebert will continue to lead the company.

HCI Equity Partners acquired Delaware Valley Turf (DVT) and Brookside Lawn Service to expand its residential lawn care treatment, tree and shrub, and pest control consolidation strategy. DVT serves the Philadelphia metro area and Brookside serves the Cleveland and Akron metros; financial terms were not disclosed.

Bon Tool Co. has acquired the Jag Clamp product line, including its intellectual property rights, operating assets, and associated patents. Bon Tool previously served as the exclusive distributor of the Jag Clamp line holding tool, which is used for precise line measurement in masonry work.

Spring EQ, a national home equity lender, has completed its acquisition by an affiliate of Cerberus Capital Management, L.P. Following the transaction, Spring EQ will join Cerberus' Residential Opportunities platform and continue to be led by founder and CEO Jerry Schiano and the existing management team.

Milestone Partners acquired CDE Services, LLC, a provider of integrated payment processing solutions focused on EBT and credit/debit processing for merchants. The transaction was supported by a strategic capital investment from Tecum Capital, LO3 Capital, and Navigate Capital to help CDE expand market share and broaden product offerings in integrated payments.

LDR Growth Partners acquired ATI Corporation, a family-owned manufacturer of compact equipment attachments and precision grading products. The transaction was facilitated by BMI Mergers & Acquisitions, which represented the seller in the sale process. ATI is headquartered in Lancaster County, Pennsylvania.

Cyncly has completed the acquisition of Mobile Marketing, a technology-led web services and digital marketing solutions provider tailored to flooring retailers in North America. The deal expands and enhances Cyncly’s flooring offering by adding Mobile Marketing’s industry-specific websites, e-commerce tools, and digital advertising capabilities to deliver a more integrated customer-journey solution.

Benco Dental announced the acquisition of PPO Profits, a dental practice solutions firm focused on fee optimization and revenue cycle management services such as fee negotiations and credentialing. PPO Profits will continue operating as a standalone company serving existing clients, with leadership changes including Anna DuHamel becoming Chief Business Officer. Financial terms were not disclosed.

Susquehanna Private Capital (SPC) announced an investment in U.S. Compliance, a provider of environmental, health, and safety (EHS) compliance management solutions for facility operators across North America. The investment is intended to support U.S. Compliance’s long-term growth plans and scaling of its team and service offerings; financial terms were not disclosed.

Versatile Credit announced a strategic growth investment from PSG to support go-to-market initiatives and expansion into new merchant categories. As part of the investment, PSG representatives Marco Ferrari and Chris Nesbitt will join Versatile's Board of Directors; financial terms were not disclosed.

Golf Genius completed the acquisition of the ThrivSports (Thriv) Coaching Platform, adding a proven golf coaching solution used by more than 500 coaches. ThrivSports will continue to own and operate its Coach Marketplace business, while Golf Genius will serve and support existing Coaching Platform customers under a transition agreement.

Safe Fleet acquired Merlot Vango Tarping Solutions, a provider of rolling tarpaulin systems for flatbed and platform trailers. The deal expands Safe Fleet Commercial Vehicle Group’s tarp system portfolio and adds Merlot’s installation, aftermarket parts, and service capabilities. Merlot Vango will continue to be managed by its existing leadership team following the acquisition.

Inverness Graham acquired Azer Scientific and will combine it with its existing portfolio company, Electron Microscopy Sciences (EMS). Azer, headquartered in Morgantown, Pennsylvania, supplies laboratory consumables and equipment for clinical, diagnostic, histology, and research applications. The combination is intended to create a scaled life sciences and clinical diagnostics lab supplies and services platform; financial terms were not disclosed.

HCI Equity Partners made a majority investment in Custom Lawn Care, Inc. on August 1, 2023, expanding HCI’s lawn care treatment platform. Custom Lawn Care, based in Butler, Pennsylvania, provides residential and commercial lawn care, tree and shrub care, and pest control services in the Pittsburgh metro area. The Ritenour family leadership team will remain to run day-to-day operations; financial terms were not disclosed.

Marsh McLennan Agency, a subsidiary of Marsh, announced the acquisition of Graham Company, a Philadelphia-based risk management consultancy and independent insurance and employee benefits broker. The deal expands Marsh McLennan Agency’s business insurance and employee benefits capabilities in the US East region; financial terms were not disclosed.

Gannett Fleming acquired DiGioia Gray, a provider of power delivery and related geosciences, geotechnical, and civil engineering solutions. The deal expands Gannett Fleming’s transmission and substation engineering capabilities and strengthens its ability to serve power and utility clients at greater scale. Gannett Fleming is a portfolio company of OceanSound Partners.

SMG Industries (SMGI) acquired Barnhart Transportation’s suite of six transportation-related businesses for $53.3 million. The acquired portfolio includes Barnhart Transportation, Barnhart Fleet Maintenance, Lake Shore Logistics, Lake Shore Global Solutions, Legend Equipment Leasing, and Route 20 Tank Wash, expanding SMGI’s service offerings across truckload, LTL, intermodal and related services. Barnhart is based in Pennsylvania, and the Barnhart founders Tim and Bryan Barnhart will take executive roles and board seats at SMGI.

SERB Pharmaceuticals acquired two medicines, Vistogard and Xuriden, from Wellstat Therapeutics. The products will be sold in the United States by BTG Pharmaceuticals, SERB’s US entity, and will transition from Wellstat while continuing distribution through existing channels. Financial terms were not disclosed.

Docufree, a provider of enterprise information management and digital business process services, acquired TrustFlow Digital Solutions. The acquisition expands Docufree’s digital mailroom and business process outsourcing capabilities, adding TrustFlow’s expertise in digitizing and automating regulated-industry workflows such as mailrooms, scanning/archiving, and outbound customer communications.

Abra Health Group acquired the Eugene McGuire, DDS pediatric dental practice in Allentown, Pennsylvania as part of its strategic expansion in dental and pediatric care services. Following the transaction, the practice will be integrated into Abra Health’s Smiles 4 Keeps brand and is expected to transition to a new Smiles 4 Keeps location in Allentown with expanded offerings including orthodontics and general dentistry.

Meriplex announced the asset acquisition of Systems Solution, Inc. (SSI), a managed service provider delivering managed IT and cybersecurity services. SSI is headquartered in Wayne, Pennsylvania and supports small-to-mid-sized businesses across multiple industries, expanding Meriplex’s nationwide managed technology solutions footprint.

Qlik announced it has closed its acquisition of Talend. The combination expands Qlik’s capabilities in data integration, data quality, transformation, governance, and analytics to help enterprises access and trust business-ready data.

OrderMyGear (OMG) announced its acquisition of BrightStores, bringing together two online store technology platforms serving group commerce in the promotional products and team sporting goods markets. Wells Fargo Capital Finance and Accel-KKR Credit Partners provided debt financing to support the transaction, and OMG is backed by Susquehanna Growth Equity.

Procensis, a mobility solutions provider headquartered in Warminster, Pennsylvania, was acquired by Barcoding, Inc. The deal strengthens Barcoding’s investment in enterprise mobility and managed services, adding Procensis’s capabilities in wearable/mobile computing, screen modernization, UI design, and warehouse management system integrations.

Global Healthcare Exchange (GHX) completed the acquisition of Prodigo Solutions, a Pittsburgh-based supply chain and data enablement technology company. The deal aims to simplify healthcare providers’ procure-to-pay processes by combining Prodigo’s directed buying experience with GHX’s platform and enriched supply chain data. Financial terms were not disclosed.

Gerard Daniel Worldwide, a Graycliff Partners portfolio company, acquired Wire Cloth Manufacturers (WCM), a maker of woven and welded wire mesh. The combination expands product offerings and facilities footprint, creating the largest wire mesh distribution and filter mesh component supplier in North America.

OuterBox, LLC, a portfolio company of WILsquare Capital, acquired substantially all the assets of Trinity Insight, LLC, a digital marketing agency with offices in Philadelphia, Pennsylvania and Rochester, Minnesota. The deal expands OuterBox’s performance marketing capabilities across user experience/CRO, email marketing & automation, and SEO. Financial terms were not disclosed.

River Associates Investments, L.P. announced the acquisition of I&I Sling, Inc. and Slingmax, Inc., combining them with its existing portfolio company Yale Cordage (acquired in 2020). The deal expands the combined group’s synthetic rope and heavy-lift sling product portfolio, with I&I / Slingmax continuing to operate from its headquarters in Aston, Pennsylvania under CEO Scott St. Germain.

Blue Sage Capital completed an investment in Clearly Clean Products, LLC in partnership with Insight Equity. Clearly Clean, headquartered in Orwigsburg, Pennsylvania, manufactures sustainable food packaging trays made from 100% recyclable PET using a patented rolled-edge thermoforming process.

Cadrex Manufacturing Solutions, a portfolio company of CORE Industrial Partners, acquired D&R Machine Company, a CNC precision machining provider serving the aerospace & defense market. Headquartered in Southampton, Pennsylvania, D&R adds high-complexity CNC milling, turning, and assembly capabilities to the Cadrex platform.

Ren Inc. acquired Stellar Technology Solutions, a provider of philanthropic fiduciary enterprise SaaS and related professional services. Stellar is based in Stroudsburg, Pennsylvania, and offers the iPhi product suite for charitable organizations and financial institutions. Deal terms were not disclosed.

Encora, a product engineering services provider and portfolio company of Advent International and Warburg Pincus, acquired Excellarate, a digital transformation specialist focused on healthtech and fintech. Excellarate, headquartered in Wayne, Pennsylvania, was previously owned by Chicago-based private equity firm Frontenac.

Anexinet Corporation and Veristor Systems, Inc. merged in February 2022 and have now launched a unified brand identity under the name Verinext. The combined business, backed by Mill Point Capital LLC, brings together the capabilities of Anexinet, Veristor, and previously acquired firms Light Networks and SereneIT to provide end-to-end technology solutions.

Wealthcare Advisory Partners LLC, a technology-enabled registered investment advisor (RIA) and a NewSpring Holdings platform company, acquired Sommers Financial Management. The transaction expands Wealthcare’s direct advisory presence and adds Sommers Financial’s more than $100 million in assets under management to Wealthcare’s national advisor network.

Vision Innovation Partners (VIP) announced it has partnered with and acquired Chesen Laser Eye Center in Reading, Pennsylvania. The deal represents VIP’s 24th add-on acquisition since 2017 and expands its Mid-Atlantic network of ophthalmology practices. Chesen’s physicians, including founder Dr. Neil Chesen and Dr. Dianna Cho, will remain with the business to support continued growth.

Green Rock Energy Partners LLC acquired PSA South Hills Landfill Gas Venture LLC ("South Hills"), a renewable natural gas production facility, with the transaction closing in Q4 2022. The facility, located in South Park Township, Pennsylvania, upgrades landfill biogas into renewable natural gas to be sold into the vehicular transportation market as renewable compressed natural gas.

GHO Capital Partners acquired a majority stake in Sapio Sciences, a US-based informatics platform serving life sciences R&D organizations including biopharmaceutical companies, CROs, and clinical diagnostic labs. The investment, made through GHO Fund III, is intended to drive operational enhancements, international expansion (particularly in Europe), and growth through M&A.

Ark Technology Companies acquired VerisVisalign, a full-service Microsoft Gold partner focused on Microsoft implementation, optimization, and licensing support. The deal was facilitated by ITX (a martinwolf M&A Advisors offering) and is intended to broaden Ark Technology’s Microsoft Cloud Partner and business/IT process optimization capabilities.

CIVC Partners has closed the sale of Magna Legal Services, a litigation support services provider, to Odyssey Investment Partners. Magna’s senior management team and founders will continue to lead the business and invested alongside Odyssey. Financial terms were not disclosed.

Edgewater Growth Capital Partners IV-backed P1 Service Group has acquired Essig Plumbing & Heating, a residential HVAC and plumbing services provider based in Reading, Pennsylvania. The acquisition expands P1’s reach into the Mid-Atlantic region, and Essig’s leader Steve Essig will continue to run day-to-day operations while becoming a shareholder in the combined organization.

The Riverside Company has acquired Applied Educational Systems (AES), a provider of digital career and technical education content for K-12 schools and career centers. The deal is an add-on to Riverside’s iCEV platform, expanding iCEV’s curriculum and platform capabilities and broadening its customer reach across the U.S.

Huron Capital-backed TriStruX acquired Hess Broadband, a fiber optic splicing and specialty construction services provider. The transaction expands TriStruX’s fiber splicing and fiber network services capacity in the Northeast. Hess founders Fran and Dave Hess will remain in executive leadership roles and retain a minority equity position.

In September 2022, Renodis, a telecommunications and mobility management services company, acquired The Eric Ryan Corporation (ERC), a utility and telecommunications management services provider headquartered in Ellwood City, Pennsylvania. Following the deal, ERC will operate as an entity under the Renodis umbrella, expanding Renodis’ footprint to the U.S. East Coast and adding utility management services to its offerings.

RF Investment Partners announced an additional strategic growth investment in InterCool USA, LLC, a commercial and industrial refrigeration services provider. RF initially invested in InterCool in June 2019 and has made subsequent capital infusions to support accelerated growth, expanded capabilities, and ongoing acquisition strategy.

House Foods Holding USA, a subsidiary of House Foods Group Inc., has acquired Keystone Natural Holdings (KNH), a portfolio company of Keystone Capital. Keystone Capital built KNH into a plant-based foods platform beginning with the 2016 acquisition of Nature's Soy and subsequent add-on acquisitions and organic investment. The transaction represents Keystone Capital’s exit from its investment in KNH.

Magna5, a managed IT services provider and a NewSpring Holdings platform company, acquired Interphase Systems, Inc., a Philadelphia-based managed IT services provider. The acquisition expands Magna5’s presence in the Philadelphia metro area and further strengthens its managed services offerings across the Northeast and Mid-Atlantic regions.

Revival Animal Health, a portfolio company of Incline Equity Partners, acquired Exodus Breeders Corp, a distributor of equine and canine reproductive supplies. The acquisition represents Revival’s first major expansion into the equine market and is intended to broaden its reproductive and neonatal health product offerings.

ECI Software Solutions acquired Data Inventions, Inc. and Lojic LLC, adding the Alora data connectivity/manufacturing intelligence platform and Lojic’s visualization and analytics solution for manufacturers. The acquisitions enhance ECI’s manufacturing ERP ecosystem with real-time operational insights and tighter integrations (including with JobBOSS, JobBOSS2, M1, and Macola). The deal closed August 5, 2022, and terms were not disclosed.

Whitsons Culinary Group, a portfolio company of GenNx360 Capital Partners, acquired Lintons Food Service Management, based in Blue Ball, Pennsylvania. The transaction marks Whitsons’ first acquisition since GenNx360’s majority investment in Whitsons in September 2021 and is intended to expand Whitsons’ foodservice presence across healthcare, residential, and education end markets.

Argosy Private Equity announced the sale of Linx Technologies to TE Connectivity. Linx designs and manufactures antennas and related RF components and modules used in IoT and other wireless applications across multiple end markets. Argosy had owned Linx since December 2015 before exiting via the sale.

ivision announced the acquisition of Plus+ Consulting, a digital transformation consultancy focused on Microsoft Cloud and cybersecurity services. The deal expands ivision’s capabilities in Microsoft M365, Azure, and Dynamics (CRM) Cloud while strengthening its overall cloud and security service offerings and establishing a stronger presence in Pittsburgh.

Sycamore Partners has acquired Goddard Systems, Inc., the franchisor of The Goddard School premium early childcare and education centers. Goddard Systems was purchased from an affiliate of Wind River Holdings, L.P., and will continue to support and expand its franchisee network from its headquarters in King of Prussia, Pennsylvania.

Sciens Building Solutions announced it has acquired Anchor Fire Protection, a fire protection and life-safety services provider based in Perkiomenville, Pennsylvania. The deal expands Sciens’ presence in Pennsylvania and the mid-Atlantic region and adds additional resources and expertise for Anchor’s customers. Sciens is backed by The Carlyle Group.

NSI Industries, LLC announced it has acquired Lynn Electronics, LLC, a manufacturer and supplier of custom fiber optic and copper cable assemblies for the data center and broadband markets. The acquisition expands NSI’s connectivity solutions and strengthens its Network Infrastructure division alongside brands such as Platinum Tools and TechLogix Networx.

Tecum Capital announced an investment in Blackwood Solutions and related entities as part of a recapitalization led by Prospect Partners. Blackwood provides electric utility services including specialty transportation, logistics management, recycling, and disposal across more than 20 states, with founder Jason Feagans continuing as CEO.

EmeritusDX announced it has acquired Freedom Pathology Partners to expand its national cancer diagnostics footprint and anatomic pathology, FISH, and molecular testing capabilities. Freedom Pathology Partners is a CAP- and CLIA-accredited laboratory located in Conshohocken, Pennsylvania, and the deal has already closed with integration underway.

Alera Group Wealth Services, a division of Alera Group, announced the acquisition of Wharton Business Group (WBG), an employee-owned wealth services firm in Pennsylvania managing more than $3.5 billion in assets. The deal expands Alera Group Wealth Services’ assets under management and supports its strategy to grow geographically and through acquisitions; transaction terms were not disclosed.

Levine Leichtman Capital Partners (LLCP) has sold its portfolio company Hand & Stone Massage and Facial Spa to funds managed by Harvest Partners, LP. Hand & Stone is a franchisor and operator of massage and facial spas, with nearly 550 locations across the U.S. and Canada. Financial terms were not disclosed.

Northlane Capital Partners (NCP) announced an investment in SAI MedPartners (SAI), a consultancy providing strategic insights, competitive intelligence, and analytics services to pharmaceutical, biotechnology, and medical device clients. NCP invested in partnership with SAI’s management team, and the capital is intended to support expansion of SAI’s service offerings and continued global growth.

Plaskolite LLC announced the acquisition of MXL Industries, a manufacturer of specialty-crafted optical plastic products and coatings. The deal expands and strengthens Plaskolite’s coatings business across end markets including aerospace/defense, aviation, medical, marine, and life safety; financial terms were not disclosed. MXL is headquartered in Lancaster, Pennsylvania.

American Elevator Group (AEG) acquired Pennsylvania-based Port Elevator, expanding AEG’s presence across central Pennsylvania. The deal adds to AEG’s regional operations alongside Kencor Elevator and Eastern Elevator, bringing AEG’s total to 18 business units nationwide. Lift Business Advisors, Inc. facilitated the transaction on behalf of Port Elevator.

Knight Material Technologies (KMT) has acquired Electro Chemical Engineering and Manufacturing Co. (Electro Chemical), a manufacturer of high-performance fluoropolymer-lined vessels. The deal expands KMT’s corrosion-resistant materials and lining solutions while extending Electro Chemical’s geographic reach, including into the U.S. Gulf Coast via KMT’s Houston-area footprint. Electro Chemical’s subsidiary, Superior Dual Laminate Products (SDL), is also part of the acquired business.

Consulting Solutions, a portfolio company of White Wolf Capital, announced the acquisition of Empyrean Services and The Empyrean Group, consulting providers serving nuclear and non-nuclear power-generation industries. Empyrean will operate as a standalone division within Consulting Solutions, expanding the combined organization’s engineering, technical, and project management capabilities for energy and nuclear clients.

Choice Financial Group announced it has acquired Fonner Insurance Associates, a Pennsylvania-based property and casualty insurance agency serving the greater Philadelphia area. Fonner will continue to be managed by William (Bill) Fonner and Eric Fonner as part of Choice, expanding Choice’s presence into Pennsylvania. The deal represents Choice’s sixth acquisition since partnering with Northlane Capital Partners in October 2021.

Nexa Equity LLC acquired Choice Inc., a global omnichannel payments platform, as a majority investor. In a related transaction, Choice acquired Direct Payment Consultants, expanding the combined platform to more than $3 billion in annual payments volume across 7,000+ customers in the United States and Canada.

AssuredPartners, Inc. announced it has acquired Don Jacobs Insurance Services, Inc., an insurance agency based in New Bloomfield, Pennsylvania. Don Jacobs Insurance Services will join the national broker while continuing to operate under its current president, Don Jacobs.

Harkness Capital Partners closed the sale of Kane Logistics, a third-party logistics (3PL) provider, to ID Logistics of Paris, France. Kane Logistics is headquartered in Scranton, Pennsylvania and provides value-added warehousing and distribution, e-fulfillment, contract packaging, cross-docking, and transportation management services. Following the acquisition, Kane will serve as a platform for ID Logistics’ U.S. operations.

Harren Equity Partners announced the recapitalization of Core States Group in partnership with founder and chairman John M. Scheffey and the company’s executive leadership team. The transaction is Harren’s first platform investment from its fourth institutional fund, Harren Investors IV, L.P., to support Core States’ continued growth.

Sila Services, LLC acquired AQM Inc. to expand its home services footprint across the Greater Philadelphia region. AQM, based in Exton, Pennsylvania, provides HVAC services along with electrical and plumbing solutions across Chester, Delaware, and Montgomery Counties.

Foreside Financial Group, LLC acquired Cipperman Compliance Services (CCS), expanding Foreside’s outsourced chief compliance officer (CCO) and broader governance, risk management, and compliance (GRC) capabilities for the asset and wealth management industry. CCS, founded in 2004 and headquartered in Wayne, Pennsylvania, will add approximately 25 employees and more than 100 clients while maintaining its Pennsylvania presence. Financial terms were not disclosed.

EdgeCo Holdings LP closed its acquisition of VMS Hub, an NSCC trading workflow automation and mutual fund processing software, from Financeware (parent of Vertical Management Systems). The deal expands EdgeCo’s Trust and Retirement Services technology offerings, and the employees supporting VMS Hub transitioned to EdgeCo.

Reaction Biology announced the closing of a significant growth investment from Cobepa to fund the company’s continued expansion and service line growth in drug discovery services. Concurrently, John H. Johnson was appointed CEO and a Board Director, succeeding former President and CEO Matthew Oristano. Golub Capital provided financing for the transaction.

Argosy Healthcare Partners (AHP), a healthcare-focused private equity firm, completed a recapitalization of Specialty Care Management (SCM). SCM provides healthcare cost containment and claims management services for self-insured health plans, and will partner with AHP to reinvest in team, technology, and growth initiatives.

Office Practicum (OP), a pediatric-focused EHR and practice management solutions provider, acquired RemedyConnect and previously acquired NextStep Solutions to expand its offerings into a “whole child” digital healthcare platform. RemedyConnect adds telehealth, after-hours answering, and digital marketing/website services, while NextStep Solutions contributes a specialized behavioral health EHR to support integrated pediatric care.

PennSpring Capital acquired a majority interest in Burch Materials & Supplies (BMS), a Malvern, Pennsylvania-based provider of equipment, parts, and supplies to the aggregate, mining, and material processing industries. The deal positions PennSpring to partner with BMS management to support the company’s next phase of growth and expansion of its distribution and service capabilities.

Red Nucleus (RN) acquired Medical Marketing Solutions Group (MMSG) to expand its Medical Communications service offering for life sciences clients. MMSG provides strategic medical affairs and commercialization services, including scientific communications and operational/event management for biopharmaceutical companies. The transaction closed in February 2022.

An affiliate of Paceline Equity Partners has closed the acquisition of AHF Products, a leading North American hard surface flooring manufacturer. AHF Products is headquartered in Mountville, Pennsylvania and operates multiple manufacturing and distribution facilities serving residential and commercial flooring markets.

Outdoor Living Supply (OLS), a distribution platform focused on outdoor living products and hardscapes, has acquired Woodward Landscape Supply. Woodward, founded in 1994 and based in Phoenixville, Pennsylvania, distributes hardscaping materials, natural stone, and related outdoor living products and accessories, expanding OLS’s presence in the Pennsylvania/Northeast market.

IntegriChain announced it has acquired Blue Fin Group, a life sciences-focused management consulting firm specializing in market access and drug commercialization strategy. Blue Fin Group will operate as an independent division under IntegriChain, expanding IntegriChain’s capabilities across commercialization strategy through operational execution and optimization. IntegriChain is backed by Accel-KKR, which was noted as a prior strategic partner since 2016.

Havis, Inc. acquired ENS, a provider of mobile and point-of-sale mounting solutions, in a transaction that closed on October 29, 2021. The deal is intended to combine complementary rugged mobility and mounting capabilities and support Havis’ growth into new and existing markets including retail, hospitality, and logistics.

GenNx360 Capital Partners’ portfolio company, B2B Industrial Packaging, acquired Accurate Packaging & Fulfillment, LLC in Harrisburg, Pennsylvania. Accurate provides contract packaging and fulfillment services along with packaging supplies, and the deal represents B2B Industrial Packaging’s eighth acquisition since GenNx360’s investment in October 2020.

Eliassen Group, LLC, a strategic consulting and talent solutions firm, acquired Fidato Partners, LLC, an accounting & finance, risk management & transformation, and IT consulting company headquartered in the greater Philadelphia area. The deal expands Eliassen Group’s professional services and business consulting capabilities, particularly in risk management and business optimization, and adds Fidato’s expertise across accounting, finance transformation, and IT consulting.

Dunes Point Capital, LP sold Professional Plumbing Group Inc. (PPG) to Marcone, a portfolio company of Genstar Capital Partners. Headquartered in Concordville, Pennsylvania, PPG distributes plumbing products for repair and remodel applications, including proprietary brands Wolverine Brass and Speakman as well as third-party products.

GEON Performance Solutions acquired Roscom, Inc., an ISO9001:2015-certified PVC compounding facility headquartered in Croydon, Pennsylvania. The acquisition expands GEON’s flexible PVC compounding capabilities and strengthens service coverage in the Northeastern United States and parts of Canada.