Private Equity-Backed Acquisitions in Massachusetts

Tracked deals

824

824 tracked deals across 2008-2026.

Buyer mix

Mixed buyer set

777 pe · 443 strategic

Top trend

Volume peaked in 2022

155 tracked deals announced in 2022.

Buyer Snapshot

Top Buyers

Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.

Find buyers active in Massachusetts →
Buyer # Deals Focus Type
Vista Equity Partners 9 Private equity firm focused on enterprise software, data ... PE
Align Capital Partners 7 Growth-oriented private equity firm investing in lower-mi... PE
Ampersand Capital Partners 7 Middle-market private equity firm focused on growth-orien... PE
Berkshire Partners 6 Boston-based private equity firm that invests in business... PE
Francisco Partners 6 Global investment firm specializing in technology and tec... PE
Insight Partners 6 Global growth investor focused on software and technology... PE
PSG 6 Growth equity firm partnering with software and technolog... PE
TA Associates 6 Global growth private equity firm investing in profitable... PE
Wind Point Partners 6 Chicago-based private equity firm investing in middle-mar... PE
Audax Private Equity 5 Middle‑market private equity firm focused on buy‑and‑buil... PE

Acquisition Volume in Private Equity-Backed in Massachusetts by Year

Last 10 years

Acquisition volume by year Annual acquisition counts for the last 10 years for Private Equity-Backed Acquisitions in Massachusetts. 6 2017 6 2018 65 2019 78 2020 133 2021 155 2022 108 2023 92 2024 122 2025 ~66 est. 52 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

  • Buyer
    CGS Partners
    Target
    S&G Resources, Inc.
    Type
    Buyout

    CGS Partners acquired S&G Resources, a Medfield, Massachusetts-based supplier and distributor of hydrocolloids and specialty chemicals. The acquisition closed on September 30, 2026; the terms and selling parties were not disclosed.

  • Buyer
    Optikos, Artemis
    Target
    Omega Optical
    Type
    Buyout

    Optikos acquired Omega Optical to bring optical design, fabrication, thin-film coatings, filtering, diffractive gratings, infrared optics, and system-level metrology under single ownership. The deal is aimed at streamlining the optical systems development workflow and accelerating delivery for mission-critical applications across Aerospace & Defense, Life Science, and Semiconductor manufacturing.

  • Buyer
    Advent International
    Target
    Definitive Healthcare Corp.
    Seller
    Definitive Founder and Executive Chairman Jason Krantz (rolling shares/units proposal mentioned), Definitive Class A stockholders other than Advent’s operating entity and Krantz
    Industry
    Data & Analytics
    Type
    Buyout

    Boston-based Advent International has proposed taking Definitive Healthcare private through an all-cash offer for all outstanding shares of Definitive’s Class A stock and interests in its operating entity. The proposal is nonbinding, and Definitive has formed a special committee of independent directors to evaluate it.

  • Buyer
    NewBold Technologies, Fort Point Capital
    Target
    Spencer Technologies
    Seller
    David Strickler
    Industry
    IT Services
    Type
    Buyout

    NewBold Technologies (backed by Fort Point Capital) has completed the acquisition of Spencer Technologies, a technology lifecycle services provider for multi-site retail and hospitality brands. The combined platform expands NewBold’s North American geographic coverage and deepens capabilities across POS, RFID, audio/visual, networking, and payments technology.

  • Buyer
    Concord Holdings Management LLC, Route 2 Capital Partners
    Target
    Paramount Placement LLC
    Industry
    Staffing & HR
    Type
    Buyout

    Concord Holdings Management LLC acquired Paramount Placement LLC, a national skilled-trades recruiting and staffing platform serving hard-to-fill roles across the United States. Route 2 Capital Partners provided debt and equity financing alongside Concord to support Paramount’s next phase of growth and technology/expansion initiatives.

  • Buyer
    Surplus Solutions LLC, NMS Capital, TPG Twin Brook Capital Partners
    Target
    Boston Industries
    Type
    Addon

    Surplus Solutions, a portfolio company of NMS Capital, acquired Boston Industries, a Walpole, Massachusetts-based specialist in technical repair and refurbishment of laboratory instruments. The acquisition expands Surplus Solutions’ in-house lab repair capabilities across areas such as flow cytometry, microscopy, and liquid handling. Terms were not disclosed.

  • Buyer
    Currier Plastics, Sheridan Capital Partners
    Target
    Sage Product Development
    Industry
    Medical Devices
    Type
    Addon

    Currier Plastics, a life sciences contract development and manufacturing provider, completed its strategic acquisition of Sage Product Development. Sage is an engineering, design, and development provider that helps medical device companies take products from concept to commercialization, including contract manufacturing support.

  • Buyer
    Talica
    Target
    Pure Clean Systems
    Type
    Addon

    Talica announced the acquisition of Pure Clean Systems, a provider of high-purity cleaning, passivation, derouging, bioburden remediation, and electropolishing services. The deal is intended to strengthen Talica’s field execution capabilities and expand its presence in high-purity environments, including biotech/pharma and data center cooling systems.

  • Buyer
    Curium US Holdings LLC, Curium, CapVest Partners LLP
    Target
    Lantheus Holdings, Inc.
    Type
    Buyout

    Curium US Holdings LLC has entered into a definitive agreement to acquire all outstanding shares of Lantheus Holdings, Inc. for $102.50 per share in cash at closing, plus non-transferable Contingent Value Rights (CVRs) potentially paying up to an additional $12.00 per share tied to commercial milestones through 2030. The transaction is valued at up to approximately $8.0 billion and is expected to close in the first half of 2027, subject to customary approvals and regulatory clearances.

  • Buyer
    Cinven
    Target
    Salsify, Inc.
    Industry
    Cloud & SaaS
    Type
    Buyout

    International private equity firm Cinven has agreed to acquire Salsify, Inc., a cloud-native Product Experience Management (PXM) software provider. Financial terms were not disclosed, and the transaction is subject to regulatory approvals and customary closing conditions.

  • Buyer
    Precinmac LP
    Target
    Advance Mfg. Co., Inc., New England Custom Coaters, Inc. (NECCI)
    Seller
    The Amanti Family (founders of Advance Mfg. Co.)
    Type
    Buyout

    Precinmac LP acquired Advance Mfg. Co., a Massachusetts-based manufacturer of precision machined components, welded fabrications, and assemblies serving defense and commercial aerospace. The deal also brings New England Custom Coaters (NECCI) into Precinmac, adding specialty coating and finishing capabilities; financial terms were not disclosed.

  • Buyer
    AYCE Capital
    Target
    Netwide Technical Solutions
    Industry
    IT Services
    Type
    Addon

    AYCE Capital announced an investment in Netwide Technical Solutions, a managed IT services and cybersecurity provider based in Pembroke, Massachusetts. The deal is positioned as AYCE’s first investment in Massachusetts, with AYCE taking on back-office functions such as sales, accounting, and vendor management to support Netwide’s continued growth.

  • Buyer
    DelCam Capital (via Space Age Electronics), Space Age Electronics
    Target
    SprinkGuard
    Type
    Addon

    DelCam Capital’s portfolio company, Space Age Electronics, acquired SprinkGuard, a manufacturer of specialty fire-sprinkler protection products. SprinkGuard will operate as part of Space Age Electronics, gaining access to its national distribution network and fire systems integrator relationships to expand market reach.

  • Buyer
    xFact, Renovus Capital Partners
    Target
    Stonewall Solutions
    Industry
    IT Services
    Type
    Buyout

    xFact acquired Stonewall Solutions, a provider of custom technology solutions for state and local government. The deal expands xFact’s public sector technology platform with additional service offerings and mission-critical capabilities, while broadening its geographic footprint across the Northeast and adjacent markets.

  • Buyer
    Zoovu, FTV Capital
    Target
    XGEN AI
    Industry
    Cloud & SaaS
    Type
    Buyout

    Zoovu announced its acquisition of XGEN AI to unify search, recommendations, personalization, guided selling, bundling, and conversational AI into a single AI-native product discovery engine for ecommerce. The combined platform targets enterprise B2C and B2B brands, with reported early production use at major retailers and brands such as Microsoft and Valentino. The deal is backed by FTV Capital; financial terms were not disclosed.

  • Buyer
    Hull Street Energy, LLC, Hull Street Energy
    Target
    FirstLight USA, LLC (FirstLight U.S. operations/portfolio)
    Seller
    PSP Investments (Public Sector Pension Investment Board)
    Industry
    Energy

    PSP Investments has signed an agreement to sell the U.S. operations of FirstLight to private equity firm Hull Street Energy. The deal transfers a portfolio of about 1.4 GW of installed clean power capacity (hydroelectric generation, energy storage, and renewables) across Massachusetts, Connecticut, and Pennsylvania, while PSP will retain FirstLight’s Canadian operations. The transaction is subject to customary regulatory approvals and is expected to close later in 2026.

  • Buyer
    Sunstone Partners, Crescent Capital Group
    Target
    Peloton Consulting Group

    Peloton Consulting Group, an Oracle partner specializing in AI-driven transformations, announced a strategic investment from Sunstone Partners. The investment is intended to accelerate Peloton’s organic and inorganic growth, enhance innovation, expand service offerings, and scale capabilities across Oracle Cloud, data/analytics, and AI technologies.

  • Buyer
    Blackstone Life Sciences
    Target
    Anagram Therapeutics
    Industry
    Biotechnology

    Blackstone Life Sciences (BXLS) announced a $250 million investment in clinical-stage biotech Anagram Therapeutics to advance and commercialize its oral recombinant enzyme replacement therapy, ANG003, for exocrine pancreatic insufficiency (EPI) related to cystic fibrosis and other disorders. The funding is intended to support development through regulatory approval and market launch, including planned mid-stage clinical trials.

  • Buyer
    Ameresco, Inc., HA Sustainable Infrastructure Capital, Inc. (HASI)
    Target
    Neogenyx Fuels (new joint venture)
    Seller
    Ameresco's biofuels business (contributed into the JV)
    Industry
    Energy

    Ameresco and HA Sustainable Infrastructure Capital (HASI) have signed an agreement to spin off Ameresco’s biofuels business into a newly formed joint venture, Neogenyx Fuels. The JV is valued at $1.8 billion post-money enterprise value, with Ameresco owning 70% and contributing its biofuels assets and capabilities, while HASI will invest $400 million (including $300 million into the JV) and receive a 30% stake.

  • Buyer
    Valor Exterior Partners, Osceola Capital Management
    Target
    Associate Roofing
    Type
    Addon

    Valor Exterior Partners, a portfolio company of Osceola Capital Management, acquired Associate Roofing. The deal closed on April 16, 2026 and expands Valor’s footprint into southern Massachusetts and nearby coastal areas.

  • Buyer
    Artemis Capital Partners (Artemis)
    Target
    Optikos Corporation
    Seller
    Fantone family
    Industry
    IT Services

    Artemis, a Boston-based private equity firm, acquired Optikos Corporation, a Wakefield, Massachusetts provider of optical engineering, manufacturing, and metrology. The deal aims to expand Optikos’ engineering and manufacturing capabilities and accelerate innovation across sectors such as semiconductors, life sciences, automotive, space, and defense.

  • Buyer
    Cartesian Growth Corporation III, Factorial Inc.
    Target
    Factorial Inc., Cartesian Growth Corporation III
    Industry
    Manufacturing
    Type
    Buyout

    Factorial, a solid-state battery technology company, announced that Dr. Dieter Zetsche will be appointed to the board of the combined company upon the closing of its previously announced business combination with Cartesian Growth Corporation III. The deal is positioned as Factorial’s step toward public company readiness, adding public-market and mobility leadership to guide commercial scaling.

  • Buyer
    Alchemy Technology Group, Avance Investment Management
    Target
    IOvations
    Industry
    Cybersecurity
    Type
    Buyout

    Alchemy Technology Group, an IT advisory, consulting, and reseller firm backed by Avance Investment Management, acquired IOvations, a cybersecurity solutions provider based in Burlington, Massachusetts. The deal expands Alchemy’s cybersecurity portfolio and extends its geographic reach into the Northeast, including capabilities in cloud security, advanced threat detection, and Zero Trust architectures.

  • Buyer
    Veristat, WindRose Health Investors, LLC
    Target
    Certara's Regulatory and Medical Writing business
    Seller
    Certara, Inc.
    Type
    Buyout

    Veristat announced it has entered into a definitive agreement to acquire Certara’s Regulatory and Medical Writing business. The deal is expected to close in Q2 2026 and will add 200+ (approximately 220) medical writing and regulatory experts to expand Veristat’s regulatory writing, submission strategy, and advisory capabilities across the drug development lifecycle.

  • Buyer
    ReSource Waste Services LLC
    Target
    C.L. Noonan Container Service, Inc.
    Type
    Buyout

    ReSource Waste Services LLC acquired C.L. Noonan Container Service, Inc., a West Bridgewater, Massachusetts roll-off container and hauling provider serving Eastern New England. The deal closed in February 2026, and the terms were not disclosed.

  • Buyer
    Tecnikabel Group, Andera Partners
    Target
    EIS Wire & Cable
    Type
    Addon

    Tecnikabel Group, backed by Andera Partners, has acquired EIS Wire & Cable, a South Hadley, Massachusetts-based specialty cables manufacturer. The deal is intended to strengthen Tecnikabel’s presence in the United States and deepen its position in industrial automation and defense electronics, with Tecnikabel retaining the EIS brand, management, and Massachusetts production facility.

  • Buyer
    New Charter Technologies
    Target
    BNMC
    Industry
    IT Services
    Type
    Addon

    New Charter Technologies acquired BNMC, a managed service provider delivering IT support and technology solutions to businesses. The deal is part of New Charter’s strategy—backed by Oval Partners—of consolidating a fragmented MSP market via add-on acquisitions that expand customer relationships and service capabilities.

  • Buyer
    Flow Capital Corp.
    Target
    MiniLuxe Holding Corp.

    Flow Capital Corp. announced a US$1.75 million follow-on investment commitment in MiniLuxe Holding Corp., including a first tranche advance of US$1.35 million. The additional capital—if fully drawn—would bring Flow Capital’s total aggregate investment in MiniLuxe to US$7.925 million across four deployments, supporting studio growth and expansion via franchising, joint ventures, and acquisitions.

  • Buyer
    Oakman
    Target
    Vivantio
    Industry
    IT Services

    Vivantio, an IT service management (ITSM) platform, secured a majority strategic investment from Oakman. The funding is intended to accelerate product innovation, expand go-to-market execution, and continue investment in modern, adaptable service management solutions for customers worldwide.

  • Buyer
    TPG (The Rise Funds), Allianz X, State Farm
    Target
    Cambridge Mobile Telematics (CMT)
    Industry
    Cybersecurity

    Cambridge Mobile Telematics (CMT) announced a USD 350 million strategic investment led by TPG (via The Rise Funds) and Allianz X, with participation from State Farm. The capital will support CMT’s expansion of its global road safety telematics and AI platform, including real-time driving risk assessment and crash detection, alongside new long-term commercial agreements with Allianz operating entities.

  • Buyer
    Fort Point Capital
    Target
    Boston Green Company
    Seller
    Boston Green Company's founders and management team

    Fort Point Capital completed a recapitalization of Boston Green Company, partnering with Boston Green’s founders and management team. The investment is intended to support growth of the environmental services provider’s hazardous and non-hazardous waste transportation and disposal, industrial cleaning/maintenance, and emergency response capabilities, including further geographic expansion.

  • Buyer
    Premier Fence
    Target
    SecurityWorks, LLC
    Type
    Addon

    Premier Fence, a Harkness Capital Partners portfolio company, acquired SecurityWorks, a perimeter security services provider headquartered in East Bridgewater, Massachusetts. The deal expands Premier Fence’s capabilities and strengthens its position in fencing, gates, and access controls across New England, with SecurityWorks continuing under its existing leadership.

  • Buyer
    Resurgens Technology Partners
    Target
    Breezeway
    Industry
    Cloud & SaaS

    Breezeway, an operations platform for vacation rentals, announced a strategic growth investment led by software-focused private equity firm Resurgens Technology Partners. The investment is intended to broaden Breezeway’s product platform, accelerate AI capabilities, and expand its global footprint.

  • Buyer
    RF Investment Partners, Prairie Capital
    Target
    NSG Life Safety, Inc., Norel Service Company, Inc.

    RF Investment Partners partnered with Prairie Capital to support the recapitalization of NSG Life Safety and Norel Service Company (together, NSG-Norel), a fire, life safety, and security solutions provider across New England. The investment is intended to position NSG-Norel for its next phase of growth through continued investment in people, technology, new service lines, and geographic expansion.

  • Buyer
    BlueWater Marinas, Bain Capital Real Estate
    Target
    Bayside Marine
    Seller
    Kent family
    Industry
    Transportation
    Type
    Addon

    BlueWater Marinas, backed by Bain Capital Real Estate, acquired Bayside Marine, a full-service marina in Duxbury, Massachusetts. The deal is the fifth marina acquisition by the BlueWater and Bain Capital Real Estate joint venture and supports their strategy of building a Class A portfolio of coastal marina assets along the East Coast.

  • Buyer
    Gemspring Capital, FORM (GoSpotCheck / FORM OpX)
    Target
    Trax Ltd. Image Recognition business (non-China)
    Seller
    Trax Ltd.

    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.

  • Buyer
    Goldman Sachs Alternatives (Sustainable Investing business at Goldman Sachs Asset Management)
    Target
    LearnWell
    Industry
    Education

    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.

  • Buyer
    Net at Work
    Target
    BHE Consulting
    Industry
    IT Services
    Type
    Buyout

    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.

  • Buyer
    AEA Elevate
    Target
    829 Studios
    Seller
    CIVC Partners
    Type
    Buyout

    AEA Elevate, the growth buyout strategy of AEA Investors, acquired 829 Studios, an integrated technology-enabled digital marketing firm based in Boston. The deal was funded through AEA Elevate, with 829’s founder, management, and employees reinvesting; terms were not disclosed.

  • Buyer
    Harmony Healthcare IT
    Target
    Blue Elm
    Type
    Addon

    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.

  • Buyer
    Lead Edge Capital
    Target
    ClearGov
    Industry
    Cloud & SaaS
    Type
    Addon

    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.

  • Buyer
    Kelvin Group
    Target
    JS Compliance, HCG Associates
    Type
    Addon

    Kelvin Group, a Southfield Capital portfolio company, announced the merger of JS Compliance and HCG Associates to create Sotera, an industrial refrigeration compliance platform. The combined platform delivers Process Safety Management (PSM), Risk Management Program (RMP), and Ammonia Refrigeration Management (ARM) services to regulated industrial and food processing customers across the United States.

  • Buyer
    The Riverside Company, Relay Fire and Safety
    Target
    AC&M Fire Equipment
    Type
    Addon

    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.

  • Buyer
    The Riverside Company
    Target
    Key Polymer
    Industry
    Manufacturing
    Type
    Addon

    The Riverside Company acquired Key Polymer, a specialty manufacturer of high-performance adhesives, sealants, and coatings, to expand Seatex. The transaction is positioned as Seatex’s first follow-on acquisition since Riverside acquired Seatex in October 2024, advancing both end-market and geographic reach in the CASE sector.

  • Buyer
    WSB LLC, GHK Capital Partners LP
    Target
    NEO Virtus Engineering
    Type
    Addon

    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.

  • Buyer
    Solmetex, LLC
    Target
    ReLeaf
    Industry
    Medical Devices
    Type
    Buyout

    Solmetex, LLC announced it has acquired ReLeaf, a dental evacuation tool developer focused on hands-free, high-volume evacuation for hygiene and clinical procedures. The deal strengthens Solmetex’s position in patient safety and procedural efficiency while expanding support for independent practices and Dental Service Organizations (DSOs).

  • Buyer
    WSB LLC
    Target
    NEO Virtus Engineering
    Industry
    IT Services
    Type
    Addon

    WSB LLC, an infrastructure engineering and consulting firm, announced the acquisition of NEO Virtus Engineering, a specialized consulting firm focused on photovoltaic (PV) and energy storage system design. The deal is intended to strengthen WSB’s power/energy practice and expand its full-lifecycle support for power infrastructure clients nationwide, with market strategy unifying as WSB in early 2026.

  • Buyer
    Investindustrial (independent investment subsidiary of Investindustrial Growth III SCSp)
    Target
    Proveris Scientific Corporation
    Industry
    Medical Devices
    Type
    Buyout

    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.

  • Buyer
    B-FLEXION Life Sciences
    Target
    Radius Health
    Seller
    Affiliates of Patient Square Capital, Webster Equity Partners
    Industry
    Pharmaceuticals
    Type
    Buyout

    B-FLEXION Life Sciences has agreed to purchase the remaining 57% interest in Radius Health held by affiliates of Patient Square Capital and Webster Equity Partners. Radius, a specialty biopharmaceutical focused on bone health, had been taken private by B-FLEXION and Patient Square in August 2022. The transaction is expected to close by the end of Q1 2026.

  • Buyer
    ProMach
    Target
    American Holt, DMA Solution, Pride Engineering
    Seller
    Arcline Investment Management
    Industry
    Manufacturing
    Type
    Buyout

    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.

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