Acquisitions in West Virginia, United States

MAI Capital Management acquired LOC Investment Advisers, a fee-only registered investment adviser with offices in Hurricane, West Virginia, and Jupiter, Florida. The deal (effective/closed February 13, 2026) adds approximately $759 million in assets under management and more than 800 client households to MAI’s national wealth management platform; financial terms were not disclosed.

Guild Garage Group, an alliance of residential garage door service companies, completed a partnership with Varney Door Company, a family-owned garage door service provider based in Barboursville, West Virginia. The transaction is Guild’s 25th acquisition since launching in 2024 and its first acquisition of 2026, as the company continues to pursue additional garage door service partnerships nationwide.

Guardian Alarm, a full-service security company, acquired National Central Alarm Systems, a West Virginia-based security provider founded in 1949. The deal expands Guardian Alarm’s footprint into West Virginia and adds local customer relationships while bringing expanded monitoring capabilities and security technology resources to the acquired business.

All Surfaces, a major distributor of flooring and flooring installation products, acquired Abraham Linc, a family-owned Mid-Atlantic flooring distributor headquartered in Bridgeport, West Virginia. The acquisition expands All Surfaces’ geographic footprint from the Mid-Atlantic further west into Mountain West territories, creating a combined network of 48 locations across 28 states.

Walgreens agreed to acquire Fruth Pharmacy, a small regional pharmacy chain with 12 locations in West Virginia, ending more than 70 years of family ownership. Fruth Pharmacy cited reduced reimbursement rates from pharmacy benefit managers (PBMs) as a key factor contributing to the sale.

Investcorp acquired Kanawha Scales & Systems (KSS) from American Equipment Holdings (AEH), a portfolio company of Rotunda Capital Partners. KSS provides calibration, maintenance, and repair services for industrial weighing systems and automated control solutions across the United States. As part of the transaction, KSS will implement an Employee Ownership Plan granting qualifying employees shares at no cost.

Whitewater Capital Partners and its affiliates acquired all of Valley Gardens, a full-service landscaping and landscape architecture provider serving commercial and high-end residential customers across Southern West Virginia. The investment is intended to accelerate Valley Gardens’ regional expansion, support strategic acquisitions, and strengthen its market position. Transaction terms were not disclosed.

Eagle Summit Resources, LLC (ESR) acquired Reflectance Energy, LLC, a portfolio of active metallurgical coal-producing mines in Wyoming County, West Virginia. Following the transaction, the Reflectance coal mining complex will operate under new ownership as Eagle Mountain Energy, LLC, adding significant met coal reserves and production capacity to ESR’s existing West Virginia operations. Concurrent with the acquisition, ESR entered into a new term loan credit facility with Valor Mining Credit Partners, L.P., managed by Breakwall Capital LP in partnership with Vitol, and agreed with Vitol on an exclusive marketing agreement for export volumes.

Energy Services of America Corporation’s subsidiary, Nitro Construction Services, completed the acquisition of Rigney Digital Systems Ltd Co., a provider of advanced HVAC control systems. Rigney Digital Systems will continue to operate as a distinct business under its existing brand, while leveraging Nitro Construction’s resources to expand building technology and HVAC controls capabilities.

Seacoast Capital made a non-control growth capital investment in Mail America in support of Wildwood Capital’s recapitalization of the company. The financing included subordinated debt and an equity co-invest alongside Wildwood and management, providing liquidity to Mail America’s founding shareholders. Terms of the transaction were not disclosed.

Guild Garage Group ("Guild"), an alliance of residential garage door service companies, announced it has completed a partnership with Door Serv Pro ("DSP"). Door Serv Pro is a family-owned residential garage door service company headquartered in Inwood, West Virginia, and becomes Guild’s 22nd acquisition since launching in 2024.

Valicor Environmental Services, a provider of centralized waste treatment and recycling services and part of the Pritzker Private Capital family of companies, acquired ECO-FIRST, Inc., an environmental and waste management services provider based in West Virginia. The deal expands Valicor’s Mid-Atlantic footprint and broadens its environmentally responsible waste and wastewater treatment offering. ECO-FIRST operates a collection and treatment facility in Huntington, West Virginia and was founded and led by CEO Dana Tomes.

Gabe's closed a strategic transaction in which a group of existing investors assumed full ownership of the off-price retailer, strengthening the company’s balance sheet. As part of the deal, existing term lenders converted more than 75% of Gabe’s outstanding term loan into equity and the company received a new capital infusion to support ongoing operations. Second Avenue Capital Partners and Ares Credit funds will continue to provide Gabe’s asset-based lending facility.

Fernweh Group LLC acquired Wincore Window Company, LLC, a manufacturer of vinyl windows and doors for the residential market. The investment establishes a new Fernweh platform focused on the Building Products sector, with Wincore continuing operations under its existing senior management team.

Trilogy Innovations, Inc. acquired NRM Solutions to expand its software suite for natural resource management, including asset management capabilities spanning minerals, revenue, mapping, taxes, valuations, and document management. Both companies are headquartered in Bridgeport, West Virginia, and had previously collaborated on the product; the acquisition was finalized on December 6, 2024.

Victory Automotive Group acquired Advantage Toyota and Ball Toyota in West Virginia, with Haig Partners serving as exclusive sell-side advisor. The dealerships were owned by Shawn Ball (and, for Advantage Toyota, also David Ball) and will operate as Victory Toyota of Barboursville and Victory Toyota of Charleston.

Leap Partners acquired Appalachian Heating, a third-generation HVAC services business that has served West Virginia since 1948, marking Leap Partners’ entry into West Virginia. Appalachian Heating leaders Dan and Daniel Akers will continue to run the company under the Appalachian Heating brand with added resources and support from Leap Partners.

Whitecap Enterprises announced the sale of its portfolio company, Whitecap Waste Holdings, LLC, a solid waste disposal company established in 2019. The announcement did not disclose the buyer, transaction value, or other deal terms.

JENNMAR, a FalconPoint Partners portfolio company, acquired the assets of Wright-Mix Material Solutions, LLC’s cement blending facility in Holden, West Virginia. The facility will be added to the portfolio of JENNCHEM (a JENNMAR subsidiary) to expand manufacturing capacity and support continued production of J-SEAL specialized foaming cement products for mining and underground construction customers.

Energy Services of America Corporation’s subsidiary, Nitro Construction Services, acquired Heritage Painting, LLC. Heritage Painting provides industrial and commercial painting and coating services across West Virginia and surrounding areas, serving industries including fabrication and oil and gas.

Turnspire Capital Partners announced that an affiliate has acquired Swanson Industries, a provider of manufacturing, remanufacturing, repair, and distribution services for mining equipment, hydraulic cylinders, and related industrial equipment across the United States. The transaction also includes Swanson’s controlling stake in Tiefenbach North America, which focuses on engineered hydraulic controls and hose assemblies for mining, energy, and industrial applications.

Tencarva Machinery Company, a Bessemer Investors-backed distributor and service provider of flow control and process equipment solutions, acquired Tri-State Coating & Machine. Tri-State is a Salt Rock, West Virginia-based provider of specialized thermal coating services and related parts and capabilities including thermal spray coating and rotating equipment repair. Tri-State founder David Thompson will retire as part of the transaction, while the remaining management team and employees will continue operating the business; financial terms were not disclosed.

Oldcastle APG, a CRH Company, acquired the assets of Lowe Products Company, including its facility in Shepherdstown, West Virginia. The transaction adds Lowe Products’ bulk and bagged mulch, soils, and compost assets, strengthening Oldcastle APG’s Lawn & Garden capabilities and service levels in the Mid-Atlantic, particularly near the Washington, D.C. market.

Funds managed by Firmament made a strategic investment in / acquired Whitecap Waste Holdings, LLC, a regional solid waste collection and disposal company serving southern West Virginia. The transaction represents an ownership transition from Mollitiam Holdings to Firmament and is intended to support Whitecap Waste’s continued growth, operational expansion, and entry into new geographies, with President Michael Schmidt remaining in his role post-close.

HealthEdge Investment Partners, LLC (HealthEdge) made a strategic investment in Pluri Potent Partnership, LLC (P3 Oral Surgery), an oral surgery service organization, to help build a leading Oral Surgery Services Organization in the Mid-Atlantic region. HealthEdge invested alongside P3’s surgeons, who retained a meaningful ownership stake, with Brightwood Capital Advisors, LLC providing debt financing for the transaction.

SVB Foods acquired Vita Specialty Foods to expand its product portfolio and presence in the food industry. Vita Specialty Foods and its wholly owned subsidiaries, Virginia Honey Company and The Halifax Group (Oak Hill Farms), will be integrated while continuing existing product lines and brands.

West Virginia American Water, a subsidiary of American Water, completed the acquisition of Jefferson Utilities for $27 million. The deal includes Jefferson Utilities, Inc. and affiliated water and sewer service assets, adding 3,978 customer connections across Jefferson, Berkeley and Morgan counties in West Virginia.

Arclin completed the acquisition of Belle Chemical Company, a producer of methylamines and derivatives located in Belle, West Virginia. The deal expands Arclin’s North American capabilities and supports its strategy to diversify into adjacent chemical markets. Following the transaction, Belle Chemical began operating as Arclin Amines.

The Chemours Company agreed to sell, and Iron Path Capital-backed PureTech Scientific completed the acquisition of, Chemours’ Glycolic Acid business for $137 million in cash. The carve-out establishes PureTech Scientific as a standalone operating company focused on producing ultra-high purity alpha hydroxy acids for life sciences and specialty chemical end markets, including pharma, medical devices and personal care.

Trachte, LLC, a portfolio company of Palladium Equity Partners, acquired Parkline, Inc. from Summit Park. Parkline, headquartered in Eleanor, West Virginia, manufactures custom engineered modular metal building solutions (including protection and control buildings) serving data center, electric utility, energy, industrial and infrastructure end markets. Summit Park is rolling equity into the transaction and Palladium invested additional equity to support the acquisition.

Ankura Consulting Group, LLC acquired Chartwell Compliance, a regulatory compliance and risk management firm focused on banking and fintech clients. Chartwell was a wholly owned subsidiary of MVB Bank, Inc., held by MVB Financial Corp., and the deal expands Ankura’s Global Anti-Financial Crime and broader risk, forensics, and compliance capabilities.

Northern Biogas, LLC, a portfolio company of H.I.G. Infrastructure (H.I.G. Capital), acquired three additional dairy renewable natural gas (RNG) projects to expand its RNG production capacity. The projects are near Northern Biogas’ existing footprint, are expected to generate operational and commercial synergies, and are targeted to begin commercial service by the first quarter of 2024.

Avel eCare announced the acquisition of NightWatch, a West Virginia-based provider of after-hours remote hospital pharmacy services. The deal expands Avel eCare’s pharmacy telemedicine capabilities and broadens its ability to serve hospitals, clinics, nursing homes, and other facilities across the United States.

Avante Capital Partners completed a unitranche debt financing and minority equity investment to support 5th Century Partners (5CP) in its acquisition of Radon Medical Imaging. Radon Medical Imaging, founded in 1976 and headquartered in Charleston, West Virginia, is an independent service organization that services, assembles, repairs, sells, and distributes medical imaging devices.

Choice Financial Group announced it has partnered with and acquired Mountaineer Insurance Services, Inc. (MIS), expanding into West Virginia. MIS will continue to be overseen by Founder and President Jonathan Kyle and Co-Owner Angela Kyle. The transaction closed November 1, 2022 and represents Choice’s 11th acquisition since partnering with Northlane Capital Partners in October 2021.

Santiago Investment Group, LLC, a Denver-based private equity firm, acquired a majority ownership position in Sprouse Windows and Doors. Sprouse is a family-owned, energy-efficient vinyl windows and doors manufacturer headquartered in New Martinsville, West Virginia. Santiago plans to invest in modernizing equipment and supporting continued growth while Sprouse continues operating under its existing name.

PCF Insurance Services acquired Infuse Insurance, an independent community-based insurance agency offering home, auto, business, and life insurance solutions. The acquisition expands PCF’s presence in West Virginia, with Infuse serving as an anchor for its footprint in the state. Financial terms were not disclosed.

H.I.G. Capital, through its H.I.G. Infrastructure strategy, acquired a controlling interest in Northern Biogas, LLC. Northern Biogas, headquartered in Morgantown, West Virginia, develops, constructs, and operates renewable natural gas (RNG) facilities using anaerobic digestion for organic waste streams including dairy, landfill, and food waste.

Hearthstone Holdings, Inc., a portfolio company of Ullico Infrastructure Fund, has closed its acquisition of 100% of the equity interests in Hope Gas, Inc., a regulated natural gas distribution utility in West Virginia. Hope Gas was acquired from Dominion Energy, Inc. As part of the transaction, Hearthstone will move its headquarters to Morgantown, West Virginia and plans to hire additional employees in the state.

Whitecap Waste, LLC, a regional provider of waste management services, acquired Dave's Sanitation, Inc. of Lookout, West Virginia. The deal expands Whitecap Waste’s operations in West Virginia and follows its prior acquisition of Oak Hill Garbage Disposal Inc. Whitecap Waste is backed by Mollitiam Holdings, LLC, a Florida-based private equity firm focused on lower-to-middle market infrastructure investments.

Solenis has entered into a definitive agreement to acquire Clearon Corp., expanding Solenis’ offerings for residential and commercial pool and spa water treatment. Clearon manufactures trichlor and dichlor and produces finished sanitizers and disinfectants from its South Charleston, West Virginia facilities; financial terms were not disclosed and closing is subject to regulatory approval and customary conditions.

Whitecap Waste, LLC acquired Oak Hill Garbage Disposal, Inc., expanding its waste management operations in West Virginia. The deal follows Whitecap's prior October 2021 acquisition of Beckley Garbage Disposal Inc. and Beckley Waste Paper, Inc. Whitecap is backed by Mollitiam Holdings, LLC, a Florida-based private equity group.

Groundworks, LLC acquired Basement Systems of West Virginia (founded in 2003 by Pat and Ricki Edwardson) on July 1, 2022. Following the acquisition, the business will operate as Basement Authority of West Virginia, expanding Groundworks’ foundation repair and waterproofing footprint in West Virginia. Cortec Group, which made a significant growth capital investment in Groundworks via Cortec Group Fund VII in 2020, noted this as Groundworks’ 25th acquisition since 2016 (and its 11th since Cortec’s investment); terms were not disclosed.

Casago, an international vacation rental management company, acquired Mountain Valley Realty’s vacation rental assets and operations in Snowshoe, West Virginia, effective July 1, 2022. The deal expands Casago’s Snowshoe-area portfolio and increases lodging options for visitors. Founder Debbie Goodwin will continue providing real estate services to buyers and sellers in the Snowshoe area.

Pathways Health and Community Support, LLC (Pathways), a portfolio company of Atar Capital, completed the acquisition of Psychological Assessment & Intervention Services, Inc. (PAIS). The deal expands Pathways into West Virginia, where PAIS serves clients across 29 counties via seven regional offices, adding home and community-based services, case management for individuals with developmental disabilities, psychological assessments, and outpatient therapy. Financial terms were not disclosed; the definitive agreement was signed in December 2021 and closed May 10, 2022.

Energy Services of America Corporation formed a wholly owned subsidiary, Tri-State Paving Acquisition Company, Inc., to acquire substantially all assets of Tri-State Paving & Sealcoating, LLC. The consideration totals $9.5 million, consisting of $7.5 million in cash, a $1.0 million seller note, and $1.0 million in Energy Services common stock, with an expected closing of April 29, 2022.

Mountain State Software Solutions (MS3), a global IT consulting firm focused on multi-cloud and API integration services, has been acquired by Argano, a Trinity Hunt Partners portfolio company. The deal expands Argano’s integration and digital foundations capabilities, and MS3 will be rebranded as ArganoMS3 in the coming months.

Knack Global, a Florida-based provider of revenue cycle management (RCM) solutions, completed the acquisition of The Billing Center (TBC), an RCM and medical billing services provider headquartered in Charleston, West Virginia. The deal strengthens Knack Global’s RCM capabilities in the durable medical equipment (DME) supplier segment, and was completed with support from investors LKCM Headwater Investments and Weave Growth Partners.

In August 2021, Akoya Capital Partners acquired Star Plastics Inc., a market-leading North American custom plastics compounding company, in partnership with Trinity Investors. NewSpring Mezzanine later disclosed it provided subordinated debt and common equity financing to support Akoya’s acquisition, enabling Star Plastics’ growth and buy-and-build expansion plans.

The Armstrong Group acquired The Ziegenfelder Company, a private, family-owned frozen novelty manufacturer known for its Budget Saver Twin Pops brand. Harris Williams advised Armstrong Group on the transaction.

U.S. Foot & Ankle Specialists, LLC (USFAS), a portfolio company of NMS Capital, acquired Foot & Ankle Clinic of the Virginias, a multi-location podiatry practice based in West Virginia. The practice operates a network of 10 locations across Southern West Virginia and Southwestern Virginia, plus a vein clinic in Ohio, and will leverage USFAS’ administrative and support services to enhance operations and patient care.

The IMA Group (IMA) acquired Exemplar Research, Inc. (ERI), a community-based specialty clinical research clinic serving the North Central region of West Virginia. The acquisition expands IMA Clinical Research’s network and access to diverse patient populations for Phase II–IV clinical trials across multiple therapeutic areas. Financial terms were not disclosed and ERI will continue operating under its current name with existing leadership and staff.

Advanced Mission Solutions, LLC (AMS) acquired Innovative Management & Technology Services, LLC (IMTS), an FBI- and law-enforcement-focused federal IT services provider headquartered in West Virginia. IMTS provides software and data analysis, IT infrastructure support, and systems engineering and integration services. Excendio Advisors advised IMTS on the transaction.

Baker Tilly US, LLP announced its intent to acquire West Virginia-based accounting and consulting firm Arnett Carbis Toothman, LLP (ACT) and its subsidiaries, effective Nov. 1, 2021. As part of the combination, ACT’s approximately 275 team members will join Baker Tilly, expanding Baker Tilly’s Mid-Atlantic footprint.

Pinnacle Dermatology, a portfolio company of Chicago Pacific Founders, acquired Dermatology Associates and Skin Surgery Center, a dermatology practice with eight locations across West Virginia and Maryland. The deal expands Pinnacle Dermatology’s presence in the greater Washington, DC region and supports its strategy to build an integrated, single-brand dermatology platform across the United States.

American Public Education, Inc. (APEI) signed an agreement to acquire substantially all assets of Graduate School USA (GSUSA), a provider of training to the U.S. federal workforce. The $1 million transaction will make GSUSA a stand-alone subsidiary of APEI and is expected to close in the fourth quarter of 2021, subject to regulatory and accreditor approvals.

NearU Services, a home services platform focused on HVAC, plumbing, and electrical work, acquired Grogg's Home Services. The acquisition expands NearU's footprint and customer service capabilities into West Virginia and eastern Ohio, with Grogg's continuing to operate under its local brand and management team.

3Phase Elevator announced that it has merged with West Virginia Elevator, the largest independent elevator services provider in West Virginia. The combination follows 3Phase’s recent investment from Berkshire Partners and marks the first step in 3Phase’s acquisition-led expansion from the eastern United States toward the Midwest.

BayMark Health Services announced the acquisition of Hope for Tomorrow, a residential and office-based opioid treatment (OBOT) provider headquartered in Point Pleasant, West Virginia. The deal expands BayMark’s residential and outpatient substance use disorder treatment footprint in West Virginia, with Hope for Tomorrow’s residential facility and three outpatient OBOT programs continuing under BayMark’s network (including rebranding certain sites under AppleGate Recovery).

Energy Services of America Corporation, through its subsidiary Nitro Construction Services Inc., completed the purchase of substantially all assets of Revolt Energy, Inc., a solar installation company based in Nitro, West Virginia. The asset purchase closed on April 30, 2021, expanding Nitro’s capabilities and services into residential, commercial, and industrial solar installations.

MVB Bank, a subsidiary of MVB Financial Corp., acquired a majority interest in Trabian Technology, Inc., a software development firm serving financial institutions and fintech companies. The deal is intended to enhance MVB’s fintech capabilities by adding Trabian’s technology expertise, talent, and established client base. Trabian’s leadership will remain in place, with founder Matt Dean continuing as CEO.

Camping World Holdings, Inc. announced an agreement to acquire Trailer City RV dealership in Fairmont, West Virginia, marking Camping World’s first entry into the state. The transaction is expected to close in May 2021 and will expand Camping World’s SuperCenter footprint for RV sales, service, and outdoor products.

Energy Services of America Corporation formed a wholly owned subsidiary, West Virginia Pipeline Acquisition Company, which entered into an asset purchase agreement to acquire substantially all assets of WV Pipeline, Inc. for $3.5 million in cash plus a $3.0 million seller note. The transaction was expected to close on December 31, 2020, with David Bolton and Daniel Bolton continuing in leadership roles at the acquired business within the new subsidiary.

Cathcart Rail acquired Appalachian Railcar Services (ARS), a U.S. railcar repair and related services provider, from private equity firm GenNx360 Capital Partners. ARS, founded in 2000 and headquartered in Eleanor, West Virginia, provides tank and freight car repair, cleaning, coating/lining, mobile and on-site repair, switching operations, and railcar storage.

PET Fiber, LLC (dba Fiberworx) acquired Troy, LLC, a Harrisville, West Virginia-based manufacturer of non-woven fabrics used primarily for automotive liners and under-carpet mats. The transaction closed on August 4, 2020, and financial terms were not disclosed. Generational Equity served as M&A advisor to Troy, LLC on the sale.

Vicinity Energy acquired Morgantown Energy Associates, the district energy system serving West Virginia University in Morgantown, West Virginia. The asset was purchased from an investment affiliate of Starwood Energy Group Global, L.L.C., and Vicinity plans investments to improve resiliency and reduce the system’s carbon footprint by transitioning from coal to primarily natural gas (with dual-fuel backup).

Summit BHC acquired Highland Hospital, a 131-bed psychiatric facility headquartered in Charleston, West Virginia. The transaction also includes Highland Health Center, a 16-bed crisis residential/detox substance use disorder facility licensed as a behavioral health center.

Hull Street Energy acquired 100% of the interests in Gauley River Power Partners, LLC, which operates an 80 MW hydroelectric generating facility in Summersville, West Virginia. The seller parties were Enel Green Power North America and GE Energy Financial Services (via their joint venture EGPNA Renewable Energy Partners, LLC), as part of a broader agreement covering 31 hydroelectric stations.

MVB Financial Corp., via a wholly owned subsidiary of MVB Bank, Inc., acquired Paladin, LLC, a fraud prevention services provider serving merchants, credit agencies, fintechs and vendors. Paladin will continue operating under the Paladin name as a wholly owned subsidiary of MVB Bank, expanding services to MVB Bank and its fintech clients.

RCap Equity Partners made a growth investment in Ascension Recovery Services (Ascension RS), a provider of development and management services for behavioral health systems treating substance use disorder and co-occurring disorders. Ascension RS is headquartered in Morgantown, West Virginia and plans to use the investment to accelerate growth and expand access to care across the United States.

Steelite International acquired The Homer Laughlin China Company’s Foodservice Division and the Hall China Company’s Foodservice Division from The Homer Laughlin China Company. The acquired foodservice manufacturing operations will be combined under the name The Fiesta Tableware Company, with Steelite taking over manufacturing and sales of key foodservice product lines. Terms of the transaction were not disclosed and the Fiesta retail line was excluded from the sale.

Apple Valley Waste Services, Inc. (AVW), a portfolio company of Summer Street Capital Partners, was sold to Gold Medal Group, a portfolio company of Kinderhook Industries, alongside minority partner BioHiTech Global. AVW is a regional provider of solid waste collection, processing, and recycling services in the Mid-Atlantic. Financial terms were not disclosed.

The Arnold Agency, a marketing and media firm headquartered in Charleston, was acquired by the Asher Agency, which operates under Eastport Holdings. The transaction became effective April 15 and The Arnold Agency will be rebranded as Asher Agency’s West Virginia office, with founder Linda Arnold continuing as a consultant.

Waud Capital Partners’ portfolio company, CarePoint Partners, acquired Total Health Services, Inc., an in-home infusion therapy provider headquartered in Clarksburg, West Virginia. The acquisition expands CarePoint’s infusion footprint and strengthens its presence in the West Virginia market and surrounding states.

Waud Capital Partners’ portfolio company CarePoint Partners (CarePoint) acquired the infusion division of Care Partners, Inc. The acquired business will operate as CarePoint Partners of West Virginia in Morgantown, West Virginia, continuing to provide home infusion therapy services statewide.