Private Equity-Backed Acquisitions in Massachusetts

Impact XM, a portfolio company of The Riverside Company, has acquired Jack Morton from Omnicom in a transformative add-on that combines two leading experiential and live-event marketing agencies. The combined business will operate under the Jack Morton name and expands global scale, capabilities and talent across creative, digital, production and measurement to serve major brand clients across 20 offices worldwide.

RF Investment Partners partnered with Prairie Capital to provide flexible capital supporting a recapitalization of NSG Life Safety and Norel Service Company (together "NSG-Norel"), a New England provider of fire, life safety, and security solutions. The transaction positions NSG-Norel to invest in people, technology, new service lines and geographic expansion to support its next phase of growth.

BlueWater Marinas, backed by Bain Capital Real Estate, has acquired Bayside Marine, a full-service marina in Duxbury, Massachusetts. The Kent family will remain in place to oversee day-to-day operations as the acquisition expands BlueWater/Bain's portfolio of East Coast marina properties.

Province, a portfolio company of Trivest, has acquired StoneTurn, a global professional services firm specializing in disputes, investigations, and risk advisory, from MML Capital. The deal adds StoneTurn's investigative, compliance, and dispute capabilities to Province's restructuring and financial advisory services, creating an integrated, senior-led advisory platform across more than 300 professionals and 19 offices.

Trax Ltd. has divested its non-China Image Recognition (IR) business to an affiliate of Gemspring Capital. The acquired unit will be merged with FORM (creators of GoSpotCheck and FORM OpX) to form a combined company focused on retail execution and shelf intelligence, while Trax Ltd. retains Shopkick, Survey and LenzTech and pursues a more focused portfolio strategy.

Careerminds has acquired Keystone Partners, Renovo, Job Copilot, and Outplacement Australia to create a scaled, global workforce solutions platform that spans North America, the United Kingdom, and Australia. The acquisitions expand Careerminds' outplacement, career transition, talent development and job-search technology capabilities and provide broader local-market delivery and expertise.

Gemspring Capital has acquired both FORM and Trax Retail and is merging the two companies to create a combined global provider of retail execution, image recognition, and shelf-level insights. The merged company will integrate Trax's AI-powered image recognition with FORM's GoSpotCheck and FORM OpX products to expand capabilities, accelerate innovation, and broaden geographic reach for CPG and retail customers.

LearnWell, a U.S.-based provider of K-12 academic continuity and mental/behavioral health services, received a growth investment from the Sustainable Investing business at Goldman Sachs Alternatives to accelerate growth and expand its service footprint. The capital will support scaling LearnWell’s integrated in-school and virtual offerings; the company serves thousands of school districts through a team of educators and therapists and was previously backed by 424 Capital.

Net at Work, a North American technology advisor, acquired Boston-based BHE Consulting to strengthen its Sage and Acumatica ERP capabilities and expand delivery capacity across construction, manufacturing, and wholesale distribution verticals. BHE co-founders Greg Archambault and Russ Carey will remain with Net at Work to support client continuity and integration of BHE's solutions.

Harmony Healthcare IT, a Novacap portfolio company based in South Bend, Indiana, has acquired Blue Elm, a MEDITECH data solutions provider headquartered in Natick, Massachusetts. The add-on expands Harmony's MEDITECH EHR data extraction, migration, optimization and archiving capabilities, consolidating a single partner for hospitals' MEDITECH data lifecycle.

Lead Edge Capital has acquired ClearGov and merged it with its existing portfolio company Gravity to create a unified, end-to-end modern finance platform for local governments, school districts, and state agencies. The combined business will operate under the ClearGov brand, with Tyler Davey (former Gravity CEO) leading the organization and ClearGov co-founders remaining in leadership roles.

The Riverside Company has invested in AC&M Fire Equipment as an add-on to its Relay Fire and Safety platform. AC&M, headquartered in Acton, Massachusetts, provides fire extinguisher services and product sales to commercial customers across the Boston metro and Western Massachusetts, strengthening Relay's presence and capabilities in New England.

The Riverside Company has invested in Key Polymer, a specialty manufacturer of adhesives, sealants and coatings, as the first add-on to its Seatex platform. The acquisition expands Seatex's formulation, custom blending and manufacturing capabilities and extends the combined organization's end-market and geographic reach across industrial, automotive and aerospace segments.

An independently managed investment subsidiary of Investindustrial Growth III SCSp has acquired Proveris Scientific Corporation, a Hudson, Massachusetts-based maker of spray and aerosol analytical testing instrumentation, software and lab services focused on orally inhaled and nasal drug products (OINDP). Investindustrial will partner with Proveris' management (founder Dino Farina reinvested as a minority shareholder) to accelerate global expansion and build a broader pharmaceutical testing equipment group through organic growth and add-on acquisitions.

WSB LLC, a portfolio company of GHK Capital Partners LP, has acquired NEO Virtus Engineering, a Littleton, Massachusetts-based engineering consulting firm specializing in photovoltaic (PV) and energy storage system design. The add-on strengthens WSB’s power and energy practice by adding PV, energy storage, and power system engineering capabilities and expands geographic reach; WSB will integrate NEO Virtus and operate under the WSB brand in early 2026.

WSB LLC, a portfolio company of GHK Capital Partners, has acquired NEO Virtus Engineering, a Littleton, Massachusetts–based engineering consulting firm specializing in photovoltaic (PV) and energy storage system design. The add-on expands WSB's power/energy capabilities and geographic reach as part of its national energy practice build-out.

ProMach has acquired American Holt, DMA Solution, and Pride Engineering (collectively “AmHolt”) from Arcline Investment Management. The AmHolt businesses—providers of engineered aftermarket parts and precision components for food, beverage and CPG packaging lines with facilities in Massachusetts, Quebec and Minnesota—will join ProMach's Primary Packaging business unit to broaden its product solutions and lifecycle service capabilities.

LaunchPad Home Group, a PE-backed residential inspection platform, acquired RJ Home Inspections, a market-leading home inspection business serving Greater Boston and New England. RJ owner Adam Wright will join LaunchPad as Regional Leader for the newly created Northeast division as LaunchPad expands its footprint with support from RFE Investment Partners.

BGB Group has acquired Hayden Consulting Group to expand its market access and patient services capabilities within its Strategic Advisory practice. Hayden will continue to be led by co-founders Jamie Sidore and David MacDougall, and financial terms were not disclosed.

B&D Fabricators, an Entegra Attachments company, has acquired Leading Edge Attachments Inc., a Hubbardston, Massachusetts maker of patented frost and rock ripping buckets and other heavy equipment attachments. Leading Edge will operate under B&D Attachments LLC and the acquisition expands Entegra's heavy attachments platform by adding specialized products and engineering expertise to B&D's design library.

HBox, a virtual care platform for specialty practices, received a growth investment from Charlesbank’s Technology Opportunities Fund II to accelerate expansion of its virtual care capabilities and scale its remote monitoring and patient-engagement offerings. The transaction closed on December 17, 2025 and will support HBox’s efforts to broaden specialty coverage (cardiology, pulmonology, nephrology) and strengthen its position as a virtual clinic partner for independent specialty practices.

UK-based Polaris Software, backed by private equity firm August Equity, has acquired Massachusetts-based Sitestream, a provider of automated traffic enforcement and municipal compliance software. The deal is an add-on to Polaris’ growing portfolio and is intended to accelerate the company’s expansion into the U.S. public sector market and broaden its municipal compliance and road-safety offerings.

Aptyx has acquired Argos Corporation, a Massachusetts-based precision extrusion specialist, and will establish a Boston-area Precision Extrusion Center of Excellence to expand medical tubing and catheter-grade extrusion capacity. The deal enhances Aptyx’s capabilities for interventional and catheter-based device markets, adding in-house tooling and micro-extrusion expertise to its integrated medical manufacturing platform.

Allworth Financial has acquired Needham, Massachusetts–based fiduciary advisory firm FSA Wealth Management, which oversees $460 million in assets under management. The deal brings six professionals (including five advisors and two managing partners) into Allworth's Greater Boston operation as the team transitions into Allworth's Waltham office to deepen the firm's up‑market advisory capabilities.

InTandem Capital Partners completed an equity investment in The Phia Group, a Canton, Massachusetts-based leader in healthcare cost containment. HarbourVest Partners and Partners Capital joined as co-investors, while WestView Capital Partners remains a significant existing investor; advisors to the transaction included Houlihan Lokey and TripleTree.

King Risk Partners has acquired Acacia Insurance, an independent insurance agency headquartered in Waltham, Massachusetts, to expand its presence in the New England market. The deal adds Acacia's personal and commercial lines expertise and local client relationships to King Risk's platform to accelerate regional growth and broaden service offerings.

Vessco Water announced that Atlantic Fluid Technology (Northborough, Massachusetts) has joined the Vessco Water platform as an add-on acquisition. The deal expands Vessco's presence in New England's municipal and industrial water and wastewater markets and adds engineering, distribution, and field-service capabilities focused on valves, actuators, control panels and flow-control equipment.

CyberRisk Alliance (CRA) has acquired ChannelPro Network, a content and events business serving the SMB Managed Service Provider (MSP) community. The deal expands CRA's cybersecurity and channel-focused business intelligence portfolio by combining ChannelPro's audience, events, and content with CRA's existing brands and resources.

BID Equity, a European private equity firm, has acquired Cuseum, a Boston-based provider of visitor and member engagement software for museums, cultural institutions, and universities. Under BID Equity's ownership, Cuseum will accelerate product innovation, expand globally, and continue serving mission-driven organizations with its mobile-first engagement platform.

Activated Insights, a Cressey & Company–backed workforce enablement platform, has acquired CareAcademy to create an expanded workforce development and compliance training offering for long-term and post-acute care providers. The combined organization will integrate CareAcademy's training and compliance automation with Activated Insights' analytics, benchmarking, recruiting tools and interoperability to deliver a unified platform for home care, home health, hospice, assisted living and skilled nursing providers.

Evident has completed its acquisition of Pramana, Inc., a Cambridge-based developer of autonomous whole slide imaging systems for digital pathology. The deal brings Pramana's AI-powered imaging and workflow technology into Evident's microscopy and optical-imaging portfolio to accelerate digital pathology capabilities and broaden solutions for hospitals, research institutions, and laboratories.

Waverly Advisors, a Birmingham-based registered investment adviser, has acquired Cape Cod-based Bridge Creek Capital Management. The acquisition, which closed October 31, 2025, brings roughly $447 million of AUM onto Waverly’s platform and expands the firm’s presence in Massachusetts as the entire Bridge Creek team joins Waverly.

Easton Select Group, a Massachusetts-based pool services platform backed by Brenton Point Capital Partners, has acquired Jackson Pool Service, Inc., a Lexington, Massachusetts provider of pool construction, renovation, and maintenance. The deal expands Easton Select Group’s presence in Greater Boston and strengthens its residential and commercial pool construction and service capabilities.

MES Life Safety, a Platte River Equity portfolio company, has acquired Safety Inc., a Peabody, Massachusetts-based distributor of industrial safety equipment, PPE, and gas-detection instrumentation. The add-on expands MES's capabilities into instrumentation, calibration, and repair services, strengthening its life-safety and industrial protection service offering across New England and nationwide.

Veriforce has acquired Highwire, a provider of prequalification and contractor risk solutions, to expand its contractor management and supply chain risk capabilities into capital-project use cases. The deal combines Veriforce's global scale and network with Highwire's construction-focused financial risk and field safety tools to broaden services for hiring clients and contractors.

Compactor Rentals of America, LLC (CRA), a portfolio company of Kinderhook Industries, has acquired Maguire Equipment Inc., a Readville, Massachusetts-based provider of waste-handling equipment, rentals, and services. Financial terms were not disclosed; CRA concurrently sold Maguire’s compactor and baler service division to a specialized service provider and gains a strategic foothold in the Greater Boston market to support its national waste solutions platform.

Constant Contact has secured a new strategic growth investment via Clearlake Icon Partners VI, with institutional capital led by Lexington Partners. Clearlake will remain the company's lead investor and management/governance will not change; the funding is intended to support product innovation, AI investment, accelerated growth and future M&A.

GTCR has made a structured minority investment of up to $200 million in Solmetex to fund the company's growth initiatives and support near-term add-on acquisitions. GTCR will partner with existing shareholders including AGIC Capital and Solmetex CEO Gene Dorff to scale the company's dental products and consumables business serving more than 85,000 U.S. dental practices.

Payroc has completed its acquisition of BlueSnap, the Boston-based payment orchestration and accounts-receivable automation platform; the deal was first announced with a definitive agreement on July 31, 2025 and closed in October 2025. The BlueSnap technology and team will operate as part of Payroc, combining Payroc's direct-connect acquiring capabilities with BlueSnap's API-first orchestration to expand cross-border CNP acceptance, embedded invoicing and AR automation.

Allworth Financial, a national registered investment advisor backed by Lightyear Capital and Ontario Teachers' Pension Plan Board, has acquired Norwood, Massachusetts-based Shorepoint Capital Partners, which manages approximately $850 million in assets. The deal brings Shorepoint’s 10-person team and expanded UHNW investment capabilities to Allworth as the firm cements its Boston presence and expands its alternative investment and advisory offerings.

MD Esthetics, a New Harbor Capital portfolio company, has completed the acquisition of Joli Medical Spa, a Marshfield, Massachusetts-based medical spa founded by Kristen MacNeil. The transaction is an add-on that expands MD Esthetics' geographic footprint across the Boston and Cape Cod markets and brings Joli's seven licensed injectors and aestheticians onto the MD Esthetics platform.

Commonwealth Electrical Technologies (CET), a Broad Sky Partners–backed electrical contractor based in Worcester, Massachusetts, has acquired NuWave Energy Solutions, a Norwell, Massachusetts–based design/build energy-efficiency firm. The add-on deal — CET’s first transaction under Broad Sky’s ownership — expands CET’s sustainability and energy-conservation capabilities across commercial, industrial and institutional end markets; terms were not disclosed.

LawnPRO Partners, a lawn-care platform majority-owned by HCI Equity Partners, has acquired Sea of Green Lawn Care, LLC, a family-owned lawn care and pest control provider serving the North Shore of Massachusetts and New Hampshire. Owner Chris Mierswa sold the business to LawnPRO, which will integrate Sea of Green into its platform while preserving the brand and continuing service offerings such as fertilization, aeration, seeding, and pest control.

Arlington Capital Partners has completed a majority growth investment in Concord Biomedical Sciences and Emerging Technologies (CBSET), a Boston-area provider of preclinical translational research and product development services for medical device, pharmaceutical, diagnostic and biomedical research customers. The partnership will fund CBSET's capacity expansion, development of a new facility, capability build-out and pursuit of complementary add-on acquisitions to broaden its service offerings.

Harkness Capital Partners completed an investment in Premier Fence, LLC on September 29, 2025, funded from Harkness Capital Partners II LP. The partnership will support Premier Fence's expansion of fencing, guardrail and gates/access-control services, accelerate geographic growth across New England, and pursue complementary add-on acquisitions with operational support from Harkness' operating partners.

Grant Thornton Advisors LLC has acquired Stax, a global strategy consulting firm specializing in commercial due diligence, value creation and exit-planning services. The deal (supported by New Mountain Capital) adds approximately 300 Stax professionals to Grant Thornton Advisors' multinational transaction advisory platform; Blue Point Capital Partners exited the investment.

Keensight Capital has acquired a majority stake in Isto Biologics, a US-based regenerative MedTech company focused on orthobiologic bone graft solutions. Thompson Street Capital Partners will retain a minority stake alongside Isto's management; Keensight plans to support Isto's international expansion and pursue additional acquisitions to accelerate growth.

Gravity Global, backed by Elysian Capital, has acquired performance media agency Marketing Doctor to strengthen its paid media capabilities and integrated marketing services. The add-on expands Gravity Global's expertise in regulated and mid-market sectors, bringing Marketing Doctor's data-driven media planning, buying, and public-sector experience into the Gravity network.

Fiduciary Services Group (FSG) has acquired Beacon Benefits, a Beverly, Massachusetts–based third-party administrator (TPA), and will integrate the business into its DWC TPA platform. The deal expands FSG’s retirement services capabilities and adds a regional Boston-area office to support growth in plan administration and recordkeeping services.

Funds managed by Oaktree Capital Management have partnered with Electro Switch Corp., a Weymouth, Massachusetts-based manufacturer of engineered switches and relays. The investment will provide resources to support Electro Switch’s strategic growth initiatives and long-term expansion into power, utility, data center, defense and industrial end markets; terms were not disclosed.