Private Equity-Backed Acquisitions in Oregon

Waverly Advisors, a Birmingham-based registered investment adviser, has acquired Pure Portfolios, a Lake Oswego, Oregon wealth management firm, in a deal that closed January 30, 2026. The acquisition adds approximately $437 million of AUM to Waverly and expands the firm into a new Oregon market as part of its continued growth across the Pacific Northwest.

PaperTech, a Findlay, Ohio-based pressed paperboard manufacturer and portfolio company of May River Capital, has completed the acquisition of Bake-Best Trays, a Redmond, Oregon-based maker of ovenable pressed paperboard trays. The add-on expands PaperTech’s tray product lineup and adds susceptor-enabled cooking-performance technologies to broaden its sustainable packaging offering for food processors, distributors and foodservice operators.

Kelvin Group, a national provider of industrial and commercial mechanical refrigeration services backed by Southfield Capital, has acquired PermaCold Engineering, a Portland-based industrial refrigeration firm. The add-on deal expands Kelvin's geographic footprint into the Pacific Northwest and brings PermaCold's expertise in ammonia and CO2 refrigeration to Kelvin's platform; terms were not disclosed.

TPG's The Rise Funds has made a majority investment in Trustwell, a SaaS provider of regulatory compliance, traceability and supplier management software for the food industry. The Riverside Company has fully exited its investment; financial terms were not disclosed. The partnership aims to accelerate Trustwell's product innovation and scale adoption across food and beverage supply chains.

Mercer Global Advisors has acquired Thompson Advisory Services, a Portland-based registered investment adviser managing approximately $260 million in client assets. The four-person team from Thompson Advisory will join Mercer to expand the firm’s presence in the Pacific Northwest and gain access to Mercer’s institutional capabilities in investment management, tax, trust and estate planning.

NiTEO Products, a portfolio company of Highlander Partners, has acquired Folexport, Inc. (FOLEX), a Tualatin, Oregon-based maker of carpet, fabric and hard-surface cleaning products, from Barrett and Patty Lash. The deal expands NiTEO's household products portfolio and is supported by senior financing from Monroe Capital and mezzanine/equity from NMP Capital.

Global consulting firm J.S. Held has acquired GLI Advisors, a West Coast and Hawaii-based construction project and program management consultancy. The deal expands J.S. Held's construction advisory and project support capabilities and strengthens its presence on the U.S. West Coast.

Trinity Hunt Partners has launched a national commercial paving platform branded Sage Surface Partners and expanded it with the acquisition of Pavement Maintenance, Inc. (PMI), a Portland, Oregon–based provider of sealcoating, striping, asphalt and concrete repair, and parking lot sweeping. The transaction is an add-on to the Sage platform intended to accelerate geographic expansion and enhance recurring maintenance capabilities in the Pacific Northwest.

JLL Partners has acquired Parks Medical Electronics and merged the business with Vascular Technology to create a vascular diagnostics and robotics-focused medical device platform. The combination brings Parks Medical's Doppler ultrasound product line together with Vascular Technology's intraoperative systems to expand the combined company's product portfolio and clinical reach across hospital, clinic, operating room, and veterinary markets.

Impact Property Solutions, a Dallas-based portfolio company of Blue Sage Capital, has acquired the Property Services division of Interior Logic Group. The division — based in Portland, Oregon and operating 27 branches — expands Impact’s footprint from 13 to 30 locations, strengthening its service capabilities across the Sunbelt and establishing a presence in the Western U.S.

Goldman Sachs Alternatives led a consortium that acquired a majority stake in NAVEX, a Lake Oswego, Oregon–based provider of ethics, risk and compliance (GRC) software. Blackstone purchased a significant minority stake, BC Partners will retain a significant minority position, and Vista Equity Partners exited; the deal is intended to accelerate NAVEX One product innovation and global expansion.

Inszone Insurance Services has acquired High Desert Insurance and Group, LLC, an independent insurance agency based in Bend, Oregon. The deal expands Inszone's presence in Oregon and provides High Desert clients access to Inszone's broader carrier network and national resources.

Mercer Global Advisors, a Denver-based national RIA, has acquired Bend, Oregon-based Eagle Wealth Management and its Eagle Wealth Accounting tax practice. The deal brings roughly $350 million in AUM and a 10-person team into Mercer’s platform, strengthening the firm’s presence in central Oregon and expanding its tax and wealth-planning capabilities.

TRC Companies, a global professional services firm focused on the energy transition, has acquired Strategic Energy Group (SEG), a North American leader in strategic energy management. The acquisition expands TRC’s energy-efficiency and strategic energy management capabilities across utilities, commercial, and industrial customers.

Signia Aerospace, a portfolio company of Arcline Investment Management, has acquired Precise Flight, Inc., a Bend, Oregon-based designer and manufacturer of aviation safety and performance systems. The acquisition is an add-on to Signia's aerospace platform intended to expand its product capabilities and aftermarket/OEM offerings across commercial, business, rotorcraft and general aviation markets.

L Catterton has made a strategic growth investment in L.A.B. Golf to support the company's product innovation, direct-to-consumer experience, retail expansion and international growth. L.A.B. Golf, based in Creswell, Oregon, is known for patented putter technology that reduces torque and has driven rapid consumer and professional adoption.

Fitness Ventures LLC has acquired three existing Crunch Fitness locations in Portland, Oregon and plans a $75 million investment to build 15 new Crunch 3.0 locations across the market over the next several years. The deal is part of Fitness Ventures' broader expansion strategy to upgrade or relocate smaller-format clubs into larger Crunch 3.0 facilities and grow its footprint in the region.

Tenex Capital Management has made a growth investment in Rick's Custom Fencing & Decking, a Hillsboro, Oregon-based residential fencing and decking installer that operates five branches across Oregon and Washington. The founder, Rick Stanley, will retain a significant ownership stake and move to the board as Tenex provides capital and operational support to pursue national expansion.

Dessert Holdings, a St. Paul-based premium dessert platform, has acquired Willamette Valley Pie Company, a family-owned maker of hand-crafted fruit pies and desserts headquartered in Silverton, Oregon. The add-on acquisition expands Dessert Holdings' scratch-made, clean-label dessert portfolio and aims to bolster retail relationships and drive growth across retail and foodservice channels; financial terms were not disclosed.

Bochi Investments, a Pacific Northwest private equity firm based in Lake Oswego, Oregon, has completed a platform acquisition of Diversified Marine, Inc (DMI), a Portland-based shipbuilder and shipyard services provider founded by Kurt Redd. DMI president Frank Manning will be elevated to owner and CEO as part of a management partnership; Umpqua Bank provided debt financing and legal advisors included McGuire Woods (for Bochi) and Miller Nash (for the Redd family).

Mechanix Wear, a portfolio company of Gryphon Investors, has acquired Kinco, the 50-year-old family-owned maker of premium work, farm, and outdoor gloves; terms were not disclosed. Travis Kindler will remain as Kinco President and retain a minority stake; the acquisition (which includes Kinco-owned Welch suspenders) is the second add-on for the Mechanix Wear platform and is expected to broaden product offerings and channel reach.

The Universal Group, a CAI Capital Partners portfolio company, has acquired D&H Flagging, a Portland-based traffic control services provider. The acquisition expands Universal's geographic footprint into Oregon and broadens its traffic control and equipment rental capabilities across the Pacific Northwest.

Ridgemont Equity Partners has led a recapitalization of Unosquare, a nearshore AI-enabled digital engineering and data & analytics solutions provider. The transaction will partner Ridgemont with Unosquare’s founder and management (who remain significantly invested) to accelerate growth, expand capabilities—particularly in data and AI—and pursue targeted acquisitions; debt financing was provided by Crescent Direct Lending, Barings, and Reinsurance Group of America.

Atlas Vineyard Management, a portfolio company of Juggernaut Capital Partners, has acquired Results Partners, an outsourced vineyard management and development services provider previously owned by Clearview Capital (via Wilson OVS Holding Company). The transaction closed May 30, 2025 and creates a larger national vineyard-management platform with expanded coverage across the Pacific Northwest and other U.S. wine regions.

Reveleer, a value-based care technology platform, has acquired Novillus, a provider of care gap management and provider engagement solutions, to expand its AI-powered clinical intelligence and quality-improvement capabilities. The acquisition strengthens Reveleer's ability to support payers and providers in closing care gaps, improving regulatory compliance, and enhancing Medicare Advantage Star performance across its customer base.

Rubicon Technology Partners has made a majority investment in CollegeNET, a Portland-based provider of higher-education software, to accelerate growth and drive continued product innovation. Founder Jim Wolfston will remain CEO and a significant shareholder; financial terms were not disclosed.

Align Capital Partners completed a recapitalization of AKS Engineering, a multidisciplinary civil engineering, surveying and design firm based in Tualatin, Oregon. AKS has 350+ employees across seven locations in Oregon and Washington; management and employees retain a significant stake and will continue to lead the company as ACP supports continued organic growth and add-on acquisitions in the Pacific Northwest.

Pye-Barker Fire & Safety has acquired Secure Pacific and Sonitrol Pacific, two sister security and alarm companies serving the Pacific Northwest, strengthening Pye-Barker's security and alarm services footprint in Washington, Oregon and Idaho. Both targets provide intrusion and fire alarm systems, access control, keyless entry and video surveillance; the transaction preserves local teams and follows Pye-Barker's ongoing roll-up strategy in life-safety and security services.

Fresche Solutions has acquired OmniData Insights, a Microsoft Gold‑certified data and analytics consultancy, to expand Fresche's capabilities beyond IBM i and accelerate AI‑enabled data modernization. The deal, supported by Fresche's private equity partner American Pacific Group, adds OmniData's Microsoft Fabric and AI expertise and offices in Oregon, California and the Netherlands to Fresche's global footprint.

Burnout Brands, a Hidden Harbor Capital Partners portfolio platform, has acquired D&J Precision Machine, a precision machining specialist serving the diesel and automotive aftermarket. The add-on deal is intended to expand Burnout Brands’ production capabilities and service offerings for its BD Diesel and Monster Transmission brands.

Allergy Research Group (ARG), a portfolio company backed by HPH III, has acquired certain assets of Metabolic Maintenance, a provider of physician-recommended nutritional supplements based in Sisters, Oregon. The add-on acquisition, announced by WM Partners, will integrate Metabolic Maintenance under the ARG platform to expand ARG's practitioner-channel product offering—particularly in mental well-being, stress management and mood support; terms were not disclosed.

Verdantas, a PE-backed engineering and environmental consulting firm, has acquired Civil West Engineering Services, Inc., a Coos Bay, Oregon-based municipal engineering firm. The bolt-on purchase expands Verdantas' water, wastewater, stormwater and land development capabilities and strengthens its geographic presence in Oregon and the broader Pacific Northwest.

Baden Capital, a San Francisco-based private investment firm focused on food & agriculture and specialty manufacturing, has acquired ORCAL, Inc., a Junction City, Oregon-based provider of crop protection products and agricultural inputs. ORCAL will continue to operate from its Junction City headquarters; the deal expands Baden Capital's presence and capabilities in agricultural solutions and specialty manufacturing.

Puget Collision has acquired Bob Thomas Auto Body, Inc., a long-running CARSTAR franchise and Tesla-certified collision repair shop in northeast Portland. The deal — which expands Puget to 54 locations and adds its first Tesla-certified facility in Portland — was completed as owners Jeff and Karen Smith retire; Focus Advisors represented the sellers.

Performance Systems Integration (PSI), a portfolio company of The Riverside Company, has acquired Sanderson Fire Protection as an add-on to PSI’s fire and life safety platform. Sanderson, a family-owned fire protection provider headquartered in Portland, Oregon, offers fire extinguisher service and suppression system inspection, repair and installation across Oregon and Washington, and the deal expands PSI’s suppression capabilities and regional presence in the Pacific Northwest.

Merit Financial Advisors, a Georgia-based wealth management firm, has acquired Lake Oswego, Oregon–based Roth Asset Management, adding approximately $773 million of assets and expanding Merit's presence in the Pacific Northwest. Roth’s president, Steven B. Roth, will transition to a Wealth Manager role; financial terms were not disclosed and the deal closed December 13, 2024.

Moss, a global producer of branded-experience graphics and structures, has acquired Stretch Shapes, a Eugene, Oregon-based supplier of tension fabric products used in live events and experiential environments. The deal — executed by Moss (a portfolio company of EagleTree Capital) — strengthens Moss’s production capabilities and west-coast footprint while keeping the Stretch Shapes leadership and team in place.

Kingswood Capital Management has acquired Identity Theft Guard Solutions, Inc. (IDX), a Portland-based provider of data breach response and digital privacy protection services, from ZeroFox. Stellus Capital Management provided unitranche debt financing and an equity co-investment to support Kingswood's investment; IDX's existing management will remain in place as Kingswood pursues standalone growth and capability expansion.

H.I.G. Capital, through an affiliate, has completed the acquisition of Northwest Pump and Equipment Co., a distributor and service provider to fueling stations, EV charging infrastructure and other industrial customers across the Western United States. The company, founded in 1959, operates approximately 20 branch locations with ~350 employees and serves nearly 6,000 customers; H.I.G. intends to support organic and inorganic growth to expand product and service offerings and geographic density.

Performance Systems Integration (PSI), a Portland-based fire and life safety platform owned by The Riverside Company, acquired Action Technology Systems (ATS) as an add-on to expand PSI’s footprint in the Portland, Oregon market. The deal strengthens PSI’s service offering in fire alarm service, monitoring, installations and related security systems as part of Riverside’s continued roll-up strategy in the fire and life safety space.

New Charter Technologies, a Denver-based platform backed by Oval Partners, has added Portland-based Netropole to its national IT services network. The add-on expands New Charter's Pacific Northwest footprint and brings Netropole's managed IT and cybersecurity capabilities into the platform while allowing Netropole to retain local leadership and client relationships.

An affiliate of Balmoral Funds LLC has acquired DWFritz Automation, LLC from Sandvik AB. Balmoral will partner with industry veterans Michael Pacione, Paul Cihak, Tyler McCoy, and Jason Darley to operate DWF as an independent precision automation and metrology company and invest in technology, commercial expansion, and growth.

Ridgeview Partners, in partnership with The Baupost Group, has made a strategic growth investment in PayRange, a provider of IoT software and payment solutions for unattended retail. Founder and CEO Paresh Patel will remain in leadership with a significant ownership stake; debt financing was provided by Bain Capital's Private Credit Group to support the transaction.

Bain Capital Life Sciences led a strategic growth investment of more than $200 million in Serán Bioscience, with existing investor Vivo Capital remaining a key shareholder. The capital will fund a new commercial-scale manufacturing campus in Bend, Oregon, expanding Serán's development, analytical and commercial manufacturing capabilities across multiple drug delivery modalities.

Netsmart has acquired HealthPivots, an Oregon-based market intelligence and Medicare-claims analytics provider for the post-acute care continuum. The acquisition will integrate HealthPivots’ DataLab into Netsmart’s CareFabric to strengthen analytics and data capabilities that help post-acute providers transition to value-based care.

EPIC Insurance Brokers & Consultants has acquired Century Insurance Group, LLC, an Oregon-based insurance agency specializing in employee benefits and commercial and personal property & casualty solutions. The deal, finalized in early July with Dowling Hales advising Century, expands EPIC’s Pacific Northwest footprint and gives the Century team access to EPIC’s broader resources and technology-driven insurance capabilities.

Prairie Capital partnered with founder Dr. Zahra Kashi and senior management to recapitalize Kashi Clinical Laboratories, a Portland, Oregon-based accredited clinical laboratory specializing in HLA typing, post-transplant monitoring, genomic sequencing and diagnostic testing. Prairie will support accelerated growth through investments in human capital, sales & marketing, technology and infrastructure, as well as pursuing add-on acquisitions.

Azuria Water Solutions, a New Mountain Capital portfolio company, has acquired Oxbow Construction, a trenchless utility contractor based in Troutdale, Oregon. Oxbow will operate as part of Insituform (an Azuria operating company), expanding Azuria/Insituform’s trenchless rehabilitation capabilities and presence in the Pacific Northwest.

SupplyOne, a portfolio company of Wellspring Capital Management, has acquired Columbia Corrugated Box Co., Inc., a family-owned corrugated and protective packaging manufacturer operating in Oregon, Washington and Northern California. The transaction — advised on the sell-side by Footprint Capital — expands SupplyOne's West Coast production and distribution footprint and is the 41st add-on to the SupplyOne platform.

Water Street Healthcare Partners has made a strategic growth investment in Hansen Hunter to provide capital and resources to expand the firm's business office and technology services for post-acute care and senior living organizations. The partnership will support expansion of Hansen Hunter's reimbursement, clinical consulting, compliance, reporting, accounting, auditing and tax management services and help extend its national footprint.