Acquisitions in Rhode Island, United States

Lutron Electronics acquired Tanury Industries, a surface finishing and metal coatings company that has supplied Lutron with metal faceplates for more than 25 years. Tanury will continue operating in Lincoln, Rhode Island, as Lutron brings plating and coating capabilities in-house and expands its portfolio of premium metal finishes while continuing to invest in Tanury’s capabilities for both Lutron and existing customers.

Michelin completed its acquisition of Cooley Group, a Rhode Island-headquartered manufacturer of high-performance polymer coated fabrics. The deal, previously announced on January 2, 2026, was financed through Michelin’s available cash and closed after receipt of all necessary approvals, with the combination positioned as a global leader in industrial coated fabrics.

Sylmar Group, a provider of industrial water treatment solutions, acquired Atlantic Water Management. Atlantic Water Management, founded by Kevin Rabbitt, provides customer-focused water treatment services including cooling and boiler treatment programs across the New England region.

Vatn Systems, a defense technology company building autonomous underwater vehicles (AUVs), acquired Rhode Island-based Crewless Marine to bring advanced underwater acoustic sensing and signal processing capabilities in-house. The acquisition supports Vatn’s vertical integration strategy by reducing supply-chain dependencies and accelerating development of autonomous undersea systems; financial terms were not disclosed.

A. O. Smith Corporation acquired LVC Holdco, the parent of Leonard Valve Company, for $470 million in an all-cash transaction (approximately $412 million net after estimated tax benefits), funded through borrowings under a new credit agreement. Leonard Valve, headquartered in Cranston, Rhode Island, designs and manufactures water temperature and flow control valves, digital and thermostatic mixing systems, and monitoring devices; the deal also brings Leonard Valve’s Heat-Timer advanced boiler controls business into A. O. Smith’s portfolio. The seller was Bessemer Investors LLC, which had owned Leonard Valve since its 2019 investment alongside third-generation owner Niles Wilcox.

Arcfield, a government technology and mission support provider headquartered in Chantilly, Virginia, has completed its acquisition of Rite-Solutions, a Rhode Island-based software development, systems engineering, and IT provider serving U.S. government customers. The combination is intended to expand Arcfield’s national security capabilities, adding Rite-Solutions’ undersea warfare and naval systems expertise to Arcfield’s existing strengths in areas such as nuclear surety and missile engineering.

Following a 2024 merger between PeopleGrove and CORE Higher Education Group, the combined company is now operating under the PeopleGrove brand with an integrated website and unified product suite. The rebranded company will continue offering the CORE product suite alongside PeopleGrove’s existing solutions to support higher-education institutions across experiential learning, accreditation, engagement, and career readiness.

Summit Financial made a minority investment in Ivy Wealth Management, a Northeast-based registered investment advisor overseeing more than $500 million in client assets. The partnership expands Summit’s national RIA network and strengthens its presence in the Northeast while allowing Ivy to retain operational control and gain access to capital, technology, and investment management resources.

Hilb Group acquired a Rhode Island-based property and casualty insurance business focused largely on personal lines, expanding its presence in New England. The transaction took effect on November 1, 2025; Hilb Group is a portfolio company of The Carlyle Group.

Intralot S.A. completed the acquisition of Bally's Corporation’s International Interactive business in a transaction valuing the unit at an enterprise value of €2.7 billion. Consideration consisted of €1.530 billion in cash paid to Bally’s and €1.136 billion in newly issued Intralot shares, resulting in Bally’s becoming Intralot’s majority shareholder with a 58% equity stake. The acquired interactive business will be combined with Intralot’s global lottery and gaming operations to form a scaled global iGaming and lottery operator.

RelaDyne, a lubricant distributor and provider of fuel, DEF, and industrial reliability services, acquired Ocean State Oil, a distributor of lubricants and diesel exhaust fluid (DEF). Ocean State Oil is headquartered in North Kingstown, Rhode Island, and the deal expands RelaDyne’s presence in the Northeast and establishes its entry into the Rhode Island market.

Tag Agency Professionals (TAP) acquired EZDMV, a private tag agency specializing in fleet title and registration services. EZDMV founder Dennis Sullivan and the existing management team will remain to lead operations while leveraging TAP’s resources to expand services and support TAP’s national growth.

Industrial Opportunity Partners (IOP) announced the recapitalization of Charcuterie Artisans, the parent company of Creminelli Fine Meats and Daniele, with an IOP-managed fund acquiring the company’s assets and taking majority ownership control. The transaction eliminated approximately $200 million of debt and included additional capital-structure partners Oaktree Capital Management, Sandton Capital Partners, and Contrarian Capital Management, alongside a new working capital facility from PNC Business Credit.

Liberty Service Partners (backed by NorthCurrent Partners) acquired Restivo's Heating & Air, a family-owned HVAC provider based in Providence, Rhode Island. The deal expands Liberty Service Partners’ residential HVAC, plumbing, and electrical services footprint into the Northeastern United States, while the Restivo family will continue operating the business locally.

Crete United added CAM H.V.A.C. & Construction to its partner network, marking Crete’s first Rhode Island-based partner and further expanding its presence in New England. CAM, founded in 1974 and based in Smithfield, Rhode Island, provides HVAC installation and repair and mechanical construction services across Southern New England. Griffin Financial Group served as CAM’s financial advisor.

Easton Select Group acquired New England Aquatics, Inc., a West Warwick, Rhode Island-based specialty swimming pool repair and maintenance provider with expertise in commercial pool systems. The deal marks Easton Select Group’s entry into commercial pool services, expanding capabilities across municipal, institutional, hospitality, and other large-scale properties. New England Aquatics will continue operating under its existing brand, led by founder Thomas Bisignani as General Manager.

Minuteman Security & Life Safety acquired Shanix Technology Inc., a security and audiovisual technology integrator headquartered in Cranston, Rhode Island. The acquisition expands Minuteman’s coverage in the New England region and brings Shanix’s electronic security and AV system integration capabilities into Minuteman’s East Coast footprint. Shanix president Kekin Shah and the Shanix team are expected to continue supporting operations and client relationships.

Savant Wealth Management, a fee-only registered investment adviser, acquired Corrigan Financial, Inc., a Middletown, Rhode Island-based fee-only RIA with approximately $1.15 billion in assets under management. The transaction closed on April 30, 2025, and expands Savant’s footprint into Rhode Island while integrating Corrigan’s tax planning and preparation services into Savant Tax & Consulting; financial terms were not disclosed.

Wenger Corporation announced the acquisition of Creative Conners, Inc., a stage automation technology company based in Cranston, Rhode Island. The deal expands Wenger’s capabilities in performing arts and theatrical production solutions by adding Creative Conners’ motion control and automation expertise. The acquisition is effective immediately and Creative Conners’ headquarters operations will continue as usual during integration.

Bradley, Foster & Sargent (BFS) completed a merger with Napatree Capital, combining two Southern New England wealth management and investment advisory firms. Following the transaction, the former Napatree Capital team (including founder Jeff Liguori) joins BFS, and Napatree’s offices in Westerly, Rhode Island and Longmeadow, Massachusetts will be maintained.

American Food Partners, Inc. (AFP) acquired 100% of NGC, Inc., which includes The Town Dock, a Rhode Island-based vertically integrated seafood company specializing in squid and calamari and an affiliated fleet of vessels. The Town Dock will continue to operate under its existing brand, with President & CEO Ryan Clark remaining in place; Antarctica Advisors acted as exclusive investment banking advisor to The Town Dock on the sale.

Nocturne Luxury Villas, Inc., a portfolio company of Gladstone Investment Corporation, sold a majority stake to an affiliate of Calera Capital; financial terms were not disclosed. Gladstone Investment received full repayment of its debt investment and realized a significant capital gain on its equity investment. Nocturne is a global luxury vacation rental management platform headquartered in Newport, Rhode Island.

King Risk Partners announced the acquisition of The Insurance Center, an independent insurance agency headquartered in Warwick, Rhode Island. The deal expands King Risk Partners’ presence in the Rhode Island market and adds The Insurance Center’s long-standing personal, business, and life insurance offerings and client relationships to King’s regional brokerage footprint.

Wellvana acquired the Medicare Shared Savings Program (MSSP) business of CVS Accountable Care, a part of CVS Health, in an all-stock transaction. As part of the deal, CVS Health receives a strategic minority investment in Wellvana, expanding Wellvana’s value-based care enablement scale and ACO presence. Financial terms were not disclosed.

Shell Energy North America (US), L.P., a subsidiary of Shell plc, completed the previously announced acquisition of a 100% equity stake in RISEC Holdings, LLC. RISEC owns a 609 MW two-unit combined-cycle gas turbine power plant located outside Providence, Rhode Island, which serves the ISO New England power market. The sellers included funds managed by Carlyle (51% prior ownership) and EGCO RISEC II, LLC, a subsidiary of Electricity Generating Public Company Limited (EGCO) (49% prior ownership).

LindFast Solutions Group (LSG), a Nautic Partners portfolio company, has completed the acquisition of Big Bolt. Big Bolt is a specialty fastener manufacturer, and the deal is intended to expand capabilities and service for distributor customers across North America. Big Bolt will continue operating from its existing facility and maintain its brand with limited operational changes.

Citrin Cooperman Advisors LLC acquired substantially all the assets of Andsager, Bartlett & Pieroni, LLP (ABP), a boutique tax firm based in the Providence, Rhode Island area. The acquisition adds ABP’s three partners and 12 professionals to Citrin Cooperman, expanding its established presence in Providence and the broader New England market.

Feast & Fettle, a premium prepared-meal delivery company, acquired WECO Hospitality, another premium meal delivery brand with a loyal Northeast customer base. The deal is intended to accelerate Feast & Fettle’s East Coast expansion and support its planned launch in Brooklyn, New York in January 2025, while bringing WECO’s members onto the Feast & Fettle platform.

Rob Levine Legal Solutions announced the consolidation of four specialized legal services companies: Records on Time, Top Notch Remote Solutions, Legal Ascend, and Innovate Legal Tech. The transaction combines capabilities in legal staffing, medical record retrieval, legal technology implementation/optimization, and consulting to create a more comprehensive services provider for law firms across the United States.

Eastside Distilling, Inc. (Nasdaq: EAST) closed its merger with privately held Beeline Financial Holdings, Inc., an AI-enhanced, direct-to-consumer mortgage origination and mortgage/title technology company. As consideration, Eastside issued a combination of common and preferred stock to Beeline shareholders, bringing Beeline into a public-company environment and positioning Eastside in digital mortgage origination alongside its legacy craft spirits business.

Teamshares acquired Chariho Furniture, a family-owned retailer specializing in handcrafted, American-made wood furniture. The transaction, advised by Generational Group, closed on September 1, 2024. Chariho Furniture is headquartered in Richmond, Rhode Island.

Hitachi High-Tech Corporation acquired a majority interest in Nabsys 2.0 LLC, a developer and manufacturer of instrumentation and consumables for genomic structural variation analysis. The deal makes Nabsys a consolidated subsidiary of Hitachi High-Tech Group and is intended to accelerate commercialization and global adoption of Nabsys’ OhmX Analyzer electronic genome mapping platform alongside Hitachi High-Tech’s cloud-based Human Chromosome Explorer analytics.

Newport Craft Distilling announced it has acquired KEEL Vodka, adding the Rhode Island vodka brand to its spirits portfolio. As part of the transaction, production of KEEL Vodka will return to Rhode Island, supporting local manufacturing and job creation.

Terracon, an employee-owned engineering consulting firm, has acquired Rhode Island-based SAGE Environmental and SAGE EnviroTech Drilling Services. The acquisition adds environmental services and environmental/geotechnical drilling capabilities to Terracon’s offerings and expands service capacity across the Northeast.

World Insurance Associates LLC acquired the business of Affiliated Insurance Managers (AIM) of Warwick, Rhode Island, with the acquisition effective April 1, 2024. Financial terms were not disclosed. The deal expands World’s presence in Southern New England and adds AIM’s commercial and personal lines insurance capabilities.

American Securities has acquired NWN Corporation (doing business as NWN Carousel), transitioning ownership from New State Capital Partners to affiliates of American Securities. NWN Carousel is a cloud communications and hybrid work solutions provider, and the partnership is intended to accelerate growth, innovation, and future M&A; financial terms were not disclosed.

Source Capital made an equity investment in Rapid Prep, LLC, a provider of surface preparation equipment rentals, equipment sales, and related consumables serving maritime, defense, industrial, and infrastructure end markets. Rapid Prep is headquartered in North Kingstown, Rhode Island and operates additional locations in Virginia, California, and Washington; the investment is intended to support the company’s growth objectives.

Rudolph Capital acquired Chemart Company, a custom manufacturer of premium brass Christmas ornaments. Chemart is headquartered in Lincoln, Rhode Island, employs over 150 people, and serves nonprofit and retail customers across the United States, including as the exclusive manufacturer of the White House Christmas ornament.

Edelman Financial Engines (EFE) announced it has acquired New England Pension Plan Systems (NEPPS), a retirement-plan consulting firm, along with its affiliate New England Investment Consultants (NEIC), a registered investment advisor. Headquartered in Providence, Rhode Island, NEPPS/NEIC manage approximately $1.5 billion for more than 500 clients, and the deal expands EFE’s presence in the Northeast and strengthens its small-employer retirement plan offering. DeVoe & Company advised NEPPS on the transaction.

Marco Technologies, an integrated technology services provider headquartered in St. Cloud, Minnesota, announced the acquisition of INNOVEX. INNOVEX provides copiers/printers and business IT services in the Rhode Island and Boston metro area, and its employees will continue supporting clients from Lincoln, Rhode Island and Norwood, Massachusetts. The deal expands Marco’s copier/print and IT services footprint into Rhode Island and Massachusetts.

Novvia Group, a global rigid container and life sciences packaging distributor backed by Kelso & Company, acquired Ocean State Packaging, Inc., a Rhode Island-based supplier of plastic bottles and other rigid packaging products. The deal expands Novvia’s presence into the New England market and supports its broader Northeast growth strategy; financial terms were not disclosed.

Océano Seafood, a Peru-based seafood producer and distributor, acquired 100% of Sea Fresh USA, a seafood processor and distributor in Kingston, Rhode Island. The deal marks Océano Seafood’s first acquisition in the United States and is intended to expand its North American sourcing capabilities and international presence.

Virgin Pulse announced an agreement to merge with HealthComp to form a combined employer health “platform-as-a-service” spanning benefits administration, analytics, navigation, and digital health capabilities. New Mountain Capital (HealthComp’s sponsor) will be the majority owner of the combined entity, with backing from Marlin Equity Partners (Virgin Pulse’s sponsor) and Morgan Health; Blackstone Credit is providing strategic financing. The transaction is expected to close in Q4 2023, subject to regulatory approvals and other customary conditions; financial terms were not disclosed.

Machinery Services Co. and Rapid Pump & Meter Service Co. (a portfolio company of Hidden Harbor Capital Partners) announced the acquisition of Delta-Electro Power, Inc. The deal expands Rapid Pump’s geographic footprint into Rhode Island and Massachusetts and enhances its capabilities in motor, pump, controls, and electrical contracting services. Delta’s management team, led by Ernie Rapoza, will remain involved with the business.

American Exchange Group (AXNY Group) acquired jewelry company Danecraft, including its Primavera Italy brand. The deal supports American Exchange Group’s growth strategy in accessories and expands its portfolio of watch and jewelry brands while leveraging its sourcing, manufacturing, logistics, and marketing capabilities to broaden Danecraft’s product range and distribution.

Summit Fire & Security LLC, a subsidiary of SFP Holding, Inc. (Summit Companies), acquired Pierce Fire Protection Services, Inc., effective July 25, 2023. The deal expands Summit Fire & Security into Rhode Island and adds Pierce’s fire sprinkler and suppression capabilities serving Rhode Island and Massachusetts.

An affiliate of Gemspring Capital Management, LLC acquired Bradford Soap International, Inc., a developer, formulator, and manufacturer of beauty and personal care products. Bradford is headquartered in West Warwick, Rhode Island, and operates additional facilities in Indiana and California. Financial terms were not disclosed.

Elara Caring, a Texas-headquartered multi-state home health and hospice provider, acquired Assisted Daily Living, Inc., a privately owned skilled home healthcare provider based in Warwick, Rhode Island. The deal expands Elara Caring’s footprint into Rhode Island and strengthens coverage in the Northeastern U.S., with financial terms undisclosed and regulatory approval in Rhode Island noted in reporting.

Main Street Capital Corporation, together with an unnamed co-investor, completed a new portfolio investment to facilitate a management-led buyout of an unnamed manufacturer and distributor of insignia and tactical products and accessories. Main Street funded $52.8 million through a mix of first-lien senior secured term debt and direct equity, and also provided a revolving line of credit to support future growth and working capital.

Getinge has agreed to acquire 100% of the shares of High Purity New England, Inc. (HPNE), a US-based provider of custom single-use solutions for bioprocessing applications. Getinge will pay approximately SEK 1,300 million (about USD 120 million) in cash at closing, with a potential earn-out of up to SEK 1,850 million (about USD 170 million) tied to revenue milestones, and expects the deal to close in Q3 2023 subject to customary and regulatory approvals.

Precision Coating announced the acquisition of Providence Texture, LLC, a laser services provider specializing in laser nanotexturing, marking, and micro-machining. The deal expands Precision Coating’s surface technology offerings by adding femtosecond/nanosecond 5-axis laser processing capabilities to complement its existing coatings and surface treatments for the medtech industry.

Marin and Barrett Law Firm and the Law Offices of Stefanie A. Murphy announced a strategic merger to form the Marin, Barrett, and Murphy Law Firm. The combined firm will pool resources and expertise to expand legal services, with a focus on criminal defense, DUI defense, and personal injury representation across the Northeast.

QualityMetric (QM) acquired HealthActCHQ's portfolio of internationally recognized pediatric and infant patient-reported outcome (PRO) measurement tools, including the Child Health Questionnaires (CHQ) and Infant Toddler Quality of Life Questionnaires (ITQOL). The acquisition expands QM’s suite of PRO instruments across the full age continuum and supports future research efforts such as cross-calibration of scores between instruments for clinical trial interpretation.

Installed Building Products, Inc. (IBP) announced the acquisition of Anchor Insulation Co., Inc., an insulation installer with approximately $39 million in annual revenue. Anchor Insulation, headquartered in Pawtucket, Rhode Island, primarily installs residential, mechanical and industrial insulation and serves customers across the Northeast.

J.S. Held, a global consulting firm, acquired Failure Analysis & Prevention, an engineering consulting firm based in Rhode Island. The deal expands J.S. Held’s Equipment Consulting practice and adds Failure Analysis & Prevention’s metallurgical laboratory and materials testing capabilities.

Keswick Partners invested alongside management of Marrinan Group to complete a recapitalization of the business. Marrinan, based near Providence, Rhode Island, is a value-added distributor of officially licensed collegiate and military products through its Jardine Associates and J&A Marketing divisions. The deal represents Keswick's first platform investment from its inaugural $100 million fund.

O2 Investment Partners-backed Stronghouse Solutions partnered with Marshall Building & Remodeling, a residential exterior home services provider specializing in roofing and siding. The transaction adds Marshall Building & Remodeling’s Rhode Island and Massachusetts presence to the Stronghouse Solutions platform as it continues building a national group of exterior home services brands.

CORE Industrial Partners announced that its portfolio company Saylite acquired Vantage Lighting, a manufacturer of specification-grade LED lighting products. Vantage designs and manufactures LED recessed downlights, cylinders, and high bays in East Providence, Rhode Island, and the combination expands Saylite’s product breadth and U.S. manufacturing capabilities. The transaction closed at the end of 2022 and financial terms were not disclosed.

Praesidian Capital announced it has fully realized and exited its equity investment in Ocean State Innovations, a textile solutions provider and textile converter. Ocean State Innovations is headquartered in Portsmouth, Rhode Island, and the announcement indicates the company is well-capitalized and positioned for continued growth under its management team.

NMS Capital has partnered with Surplus Solutions LLC’s management team to complete a recapitalization of the company; financial terms were not disclosed. Surplus Solutions provides equipment lifecycle management services focused on procuring and reselling clinical laboratory and processing equipment to biotechnology, pharmaceutical, and nutraceutical customers. Twin Brook Capital Partners provided debt financing to support the transaction.

Hilb Group acquired and partnered with OceanPoint Insurance, an insurance agency based in Middletown, Rhode Island, effective December 1, 2022. The deal expands Hilb Group’s presence in the New England market, with OceanPoint’s principal Doug Mayhew and team joining Hilb Group’s New England regional operations.

Millstone Medical Outsourcing, a portfolio company of Arlington Capital Partners, completed the acquisition of Ethide Laboratories on November 14, 2022. Ethide Labs, headquartered in West Warwick, Rhode Island, provides regulatory and specialty testing services for medical device and pharmaceutical companies, expanding Millstone’s precision testing and end-to-end post-manufacturing support capabilities.

Primo Water Corporation, through its wholly owned subsidiary Primo Water North America (PWNA), acquired substantially all the assets of Crystal Spring Water Company. Crystal Spring is a bottled water manufacturer and distributor serving Rhode Island and Southeastern Massachusetts, and the deal adds approximately 2,500 customers to PWNA’s Northeast footprint.

Venterra Group Plc, an offshore wind energy services business, acquired INSPIRE Environmental to enter the United States market. INSPIRE Environmental is a marine environmental consultancy specializing in seafloor data collection, interpretation, and visualization for offshore wind and marine construction projects, and will expand Venterra’s early-stage “Engineer” service offering.

CAI Software, LLC, a provider of ERP, MES, EDI and warehouse management software, acquired OpenMFG LLC, which does business as xTuple. xTuple provides ERP software for small- to mid-sized manufacturers and distributors, and the deal is intended to expand CAI’s ERP capabilities for the manufacturing market. CAI Software is majority-owned by private equity firm Symphony Technology Group (STG).

Pebblebrook Hotel Trust acquired the 257-room Gurney's Newport Resort & Marina in Newport, Rhode Island for $174.0 million on June 23, 2022. The resort is a ten-acre waterfront property on Goat Island, and Pebblebrook expects to pursue operating and physical enhancements to reposition and grow cash flow, funding the deal with cash on hand and its revolving credit facility.

Lab Logistics Management, a portfolio company of Atlantic Street Capital, acquired The Allied Group, a healthcare and life sciences fulfillment services provider focused on printing, document management, kitting, and mailing services. The Allied Group was previously owned by Compass Group Equity Partners and will strengthen Lab Logistics' diagnostic kit assembly and fulfillment capabilities and expand its reach across North America and Europe; financial terms were not disclosed.

Kids2, Inc. entered into a definitive merger agreement to acquire all outstanding shares of Summer Infant, Inc. (d/b/a SUMR Brands) for $12.00 per share in cash. Following the closing (expected in the second quarter of 2022), SUMR Brands will become privately held and its shares will be delisted from the Nasdaq Capital Market.

Saalex Corporation announced it has acquired Netsimco, an IT services and tech support provider headquartered in Middletown, Rhode Island, in a transaction valuing Netsimco at approximately $30 million. The deal expands Saalex’s capabilities serving aerospace and U.S. Department of Defense customers and is expected to grow Saalex to roughly $100 million in annual revenue. Netsimco will operate as a wholly owned subsidiary of Saalex, with its leadership retained through the transition.

Water Street Healthcare Partners partnered with and committed significant capital to Alcor Scientific to support the company’s expansion, including new technology development, product portfolio expansion and global growth. As part of the partnership, Alcor appointed diagnostics executive Jim Post as chief executive officer to lead the next phase of innovation and growth.

Frontier Growth made a $31 million Series B equity investment in Wealthbox, a CRM software platform purpose-built for financial advisors and wealth management firms. The transaction gives Frontier Growth a minority stake, and Frontier’s Richard Maclean and Matt Williams joined founders John Rourke and Dan Ferranti on Wealthbox’s board. Prior to the investment, Starburst Labs spun out Wealthbase as a separate company, with Wealthbox remaining the sole property of Starburst Labs, Inc.

Pet Food Experts (PFX), a distributor of pet food and supplies, announced it has received an investment from Dot Family Holdings (DFH), the investment office of the Tracy Family. The partnership is intended to provide patient capital and resources to support PFX’s growth initiatives, including enhanced capabilities and potential future add-on acquisitions.

Stone-Goff Partners made an investment in MojoTech, LLC, a Providence, Rhode Island-based onshore software engineering, design, and product management services firm focused on digital transformation and custom software development. Five Points Capital provided growth capital and equity co-investment/financing to support the transaction. The investment is intended to fund MojoTech’s continued team expansion and support opportunistic M&A.

Bay State Physical Therapy announced a partnership with Rhode Island Rehab Physical Therapy, expanding Bay State’s outpatient physical therapy presence in Rhode Island. Following the transaction, Rhode Island Rehab Physical Therapy will operate under the Bay State Physical Therapy name.

Payroc WorldAccess, LLC (Payroc) announced the acquisition of East Commerce Solutions, Inc., a merchant services provider. The deal expands Payroc’s payments capabilities and product offerings by adding East Commerce Solutions’ customer base and merchant acquiring services across the United States.

Performance Physical Therapy, a New England-based physical therapy platform, received a strategic investment from Denver-based private investment firm Rallyday Partners. The funding is intended to support Performance’s continued expansion across New England, investment in systems and infrastructure to support patient care, and ongoing talent recruitment and development.

Sole Source Capital portfolio company I.D. Images (IDI) acquired three label manufacturers: Digital Printing Concepts, Multi-Action Communications, and Valley Forge Tape & Label Company. The add-on acquisitions more than doubled IDI’s size since Sole Source Capital’s August 2021 investment and expanded IDI’s manufacturing footprint and customer reach across the United States and Canada. Financial terms were not disclosed.

Main Street Capital Corporation exited its debt and equity investments in CAI Software, LLC following CAI’s recapitalization to a technology-focused financial acquirer. CAI Software, headquartered in Smithfield, Rhode Island, provides ERP, MES, and WMS software and related services for niche manufacturing and distribution sectors.

Ducommun Incorporated completed the acquisition of Magnetic Seal Corporation (MagSeal), a Warren, Rhode Island-based manufacturer of proprietary magnetic seals for critical aerospace and defense applications. Ducommun financed the deal using cash on hand and a portion of its existing revolving credit facility, aiming to strengthen its niche engineered products portfolio with recurring aftermarket exposure.

Rohrer Corporation, a retail packaging designer and manufacturer and portfolio company of Wellspring Capital Management, has closed its acquisition of Jay Packaging Group. Jay Packaging Group (based in Warwick, Rhode Island) is a specialty printing and thermoforming company, and the combination expands Rohrer’s capabilities in high-end printing/decorating, carded blister, thermoformed, and folded carton packaging while supporting eco-friendly packaging initiatives.

Yamaha Motor Corporation, U.S.A. completed the acquisition of Siren Marine, a manufacturer of marine-based IoT solutions, via its subsidiary Yamaha Marine Systems Company, Inc. (YMSC). The deal follows Yamaha’s earlier minority investment in Siren Marine and is intended to accelerate development of connected-boat technology; terms were not disclosed.

Funds managed by Blackstone GP Stakes acquired a minority ownership interest in Nautic Partners LLC, forming a new strategic partnership. The investment is intended to support Nautic’s continued growth and value-creation strategy across its focus sectors.

CAI Software, LLC, a provider of mission-critical, production-oriented software for manufacturing and distribution, received a majority investment from private equity firm Symphony Technology Group (STG). The investment is intended to support CAI’s product innovation and accelerate growth through organic initiatives and an M&A strategy, in partnership with existing owners and management.

inTEST Corporation acquired substantially all of the assets of Videology Imaging Solutions Inc. and Videology Imaging Solutions Europe B.V. for $12 million in cash. Videology designs and manufactures OEM digital streaming and image-capture solutions (including industrial-grade digital cameras), and the business will be integrated into inTEST’s Thermal segment to expand inTEST’s process technology and automation capabilities, particularly in life sciences and industrial markets.

UFP Technologies, Inc. acquired Contech Medical, Inc., a designer and manufacturer of Class III medical device packaging primarily for catheters and guidewires. Contech Medical, founded in 1987 and headquartered in Providence, Rhode Island, generates approximately $18 million in annual sales and has partner manufacturing in Costa Rica. The deal expands UFP Technologies’ MedTech platform with complementary packaging capabilities and is expected to be immediately accretive to earnings.

Everspan Insurance Company (a subsidiary of Ambac Financial Group) completed the acquisition of Providence Washington Insurance Company from a subsidiary of Enstar Group Limited, effective October 1, 2021. The transaction strengthens Everspan Group’s admitted insurance platform to support new programs, innovative products, and partnerships, while PWIC’s legacy liabilities remain with Enstar.

Caterpillar Inc. has acquired Enhanced Energy Group, Inc., which operates as CarbonPoint Solutions, a U.S.-based carbon capture technology company headquartered in Rhode Island. CarbonPoint’s patented CO2 concentration and capture processes can be applied to engines and turbines across oil & gas sites, industrial plants, distributed power, and waste-to-energy facilities. Caterpillar plans to combine CarbonPoint’s technology with its Oil & Gas solutions to help customers reduce greenhouse gas emissions.

Hilb Group acquired Rhode Island-based Health Quote, Inc., expanding Hilb Group’s Medicare-focused insurance offerings. The transaction became effective July 1, 2021, and Health Quote’s clients will join Hilb Group’s growing Medicare practice.

Day Pitney LLP completed its merger with Rhode Island-based trusts and estates boutique Howland Evangelista Kohlenberg LLP. The combined firm will retain all Howland Evangelista Kohlenberg personnel and its Providence office, expanding Day Pitney’s East Coast presence into Rhode Island.

Pen Company of America (PCA) acquired Garland Writing Instruments and Ben-Art Manufacturing in two separate transactions on June 28, 2021. The deals combine three U.S.-based manufacturers of ballpoint pen products, with PCA planning to relocate Garland and Ben-Art operations to its New Jersey manufacturing facility to broaden its writing-instrument product lineup.

Iodine Software announced it has acquired ChartWise Medical Systems, a CDI (clinical documentation improvement) software and services provider recognized as the 2021 Best in KLAS Award winner for CDI. The deal expands Iodine’s clinical AI and CDI capabilities and extends its reach to more than 800 hospitals and health systems, with the ChartWise team joining Iodine immediately.

World Insurance Associates LLC (WIA) acquired Dacey Insurance Agency Inc., an East Greenwich, Rhode Island-based insurance agency, on April 1, 2021. Dacey Insurance focuses on commercial insurance with a niche in contractor insurance and bonding, and also offers home, business, life, and auto coverage. Financial terms were not disclosed.

NWN Corporation, backed by New State Capital Partners, has closed its acquisition of Carousel Industries. The combined organization is expected to reach an estimated $1 billion run-rate revenue in 2021 and expand its cloud communications and infrastructure services offerings. Financial terms were not disclosed.

Eldridge has acquired G-Form, a Providence, Rhode Island-based provider of advanced protective solutions and impact-protection gear. The acquisition is intended to support G-Form’s next phase of growth, including expanding its product range, scaling international distribution, entering new industries, and increasing production of its SmartFlex technology.

New Harbor Capital announced the sale of Ocean State Healthcare, a major independent provider of primary care services in Rhode Island, to VillageMD through its subsidiary Village Medical. Following the transaction, Ocean State Healthcare will become part of Village Medical, expanding VillageMD’s value-based primary care footprint in the state.

Virgin Pulse, a Marlin Equity Partners portfolio company, acquired Advanced Plan for Health (APH), a population health analytics and informatics provider. APH will be merged into Virgin Pulse to expand its Homebase for Health strategy and launch VP Health Analytics, incorporating APH’s predictive analytics capabilities (including its Poindexter solution) to help clients identify and reduce health risks and close gaps in care.

SavATree announced the acquisition of Kaiser Tree Preservation, a tree and plant health care services provider based in Exeter, Rhode Island. The deal establishes SavATree’s first office in Rhode Island and adds Kaiser’s tick and mosquito control program to SavATree’s broader tree, shrub, and lawn care offerings.

Upward Health raised a significant equity financing led by Heritage Group, with participation from existing investors Noro-Moseley Partners, Blue Venture Fund, and Windham Ventures. The new capital will support Upward Health’s continued growth and national expansion of its home-based, risk-bearing medical group serving high-risk, high-need populations.

The Hilb Group, LLC (THG) acquired Rhode Island-based Compass Planners, effective February 1, 2021. Compass Planners is a specialized Medicare Advantage business led by Jim Soucy, who will lead the Medicare Practice across Hilb offices as the firm expands its national benefits capabilities.

Vehicle Accessories, Inc. (VAI), a portfolio company of Kinderhook Industries, acquired HV Industries, Inc. (Hope Valley), a manufacturer of precision all-weather floor mats for automotive OEMs. The deal marks VAI’s fifth add-on acquisition and expands VAI’s product portfolio and OEM relationships; financial terms were not disclosed.