Private Equity-Backed Acquisitions in Washington

Exa Capital has acquired StaffReady, a cloud-native SaaS platform for clinical workforce management used by hospitals, laboratories, pharmacies and other healthcare organizations. StaffReady will continue to operate independently under its existing leadership while leveraging Exa Capital's strategic and operational resources to support product innovation and long-term growth. The deal expands Exa Capital's presence in healthcare technology and the clinical workforce management segment.

Clearstead Advisors has acquired The Clarius Group, a Seattle-based multi-family office overseeing approximately $5.1 billion in assets, with the transaction closing on January 31, 2026. Thirty-six Clarius professionals, including co-founders Keith Vernon and Matthew Talbot, joined Clearstead as part of the deal, which strengthens Clearstead's ultra-high-net-worth and family office capabilities and its presence in the Pacific Northwest.

Pye-Barker Fire & Safety has acquired EVCO Integrated Solutions, a Spokane-headquartered security system and fire alarm company serving education, healthcare and commercial customers in eastern Washington, north Idaho and western Montana. The acquisition expands Pye-Barker's life-safety and security service footprint in the Northwest and brings EVCO's capabilities in fire alarms, access control, video surveillance and communications infrastructure into Pye-Barker's platform.

Emergency Care Holdings (ECH), a platform backed by Bridgefield Capital, completed the acquisition of the Philips Emergency Care business from Koninklijke Philips N.V., which will operate as Heartstream under a Philips brand license. The carve-out, headquartered in Bothell, Washington, employs more than 600 people, serves over 130 countries and positions ECH to launch a global emergency medical products platform focused on consolidation, innovation and recurring software and service revenue.

Solmetex, LLC has acquired ReLeaf, a developer of hands-free, high-volume evacuation systems for dental hygiene and clinical procedures, to expand its patient-safety and procedural-efficiency product portfolio. The acquisition will integrate ReLeaf's evacuation and aerosol-reduction technology into Solmetex's offerings and broaden accessibility to dental practices in the United States and Canada. Financial terms were not disclosed; Solmetex is PE-backed by investors including GTCR, AGIC Capital, Avista Healthcare Partners, and Gemini Investors.

Truelink Capital has acquired a majority stake in Prime Electric from WestView Capital Partners; financial terms were not disclosed. Prime Electric, founded in 1987 and headquartered in Bellevue, Washington, is a leading West Coast electrical contractor serving data center, technology, healthcare, commercial and industrial clients. The deal positions Prime for continued regional expansion and capability growth under Truelink's ownership while WestView remains involved.

Verdantas, a PE-backed technical consulting firm, has acquired PACE Engineers, a Kirkland, Washington-based multidisciplinary engineering, surveying, and environmental consulting firm. The deal (terms undisclosed) expands Verdantas' multidisciplinary capabilities and Pacific Northwest footprint while providing additional resources and development opportunities for PACE staff.

Altaris has completed the acquisition of Tegria Services Group, Inc. from Providence St. Joseph Health, establishing Tegria as a standalone, Altaris‑backed portfolio company that will continue to serve Providence as a preferred technology services partner. The deal positions Altaris to expand its healthcare services and technology platform capabilities—supporting providers and payers with consulting, managed services, data & analytics, and revenue cycle management.

360training.com, Inc. has acquired UST Training, a leading provider of state‑approved Class A/B and Class C online operator training for underground storage tank (UST) systems. The acquisition brings UST Training's Tank Savvy content and regulatory expertise onto 360training's platform to expand regulated EHS training offerings and accelerate growth in tank‑safety and fuel‑system compliance markets.

MES Life Safety, a PE-backed national provider of fire, safety, and emergency response solutions, has acquired SeaWestern Inc., a Kirkland, Washington-based supplier of firefighting and safety equipment. The deal — supported by MES sponsor Platte River Equity — expands MES's presence and capabilities across the Western United States and adds regional relationships, equipment distribution, and service capabilities to the MES platform.

LEHR, a national emergency vehicle upfitting platform and portfolio company of Broadwing Capital, acquired Systems for Public Safety, Inc., a Pacific Northwest provider serving law enforcement, fire, and municipal agencies. The add-on expands LEHR's geographic footprint into the Pacific Northwest and adds specialized upfitting and technical capabilities across emergency vehicle categories.

HCAP Partners has invested in IND, Inc. to support management's buyout of IND's majority shareholder and provide capital for facility expansion, working capital, and growth. IND, headquartered in Vancouver, Washington, provides critical cleaning, coating, refurbishment, and engineering services to semiconductor equipment manufacturers and will remain led by founder and CEO Jonathan Lovegrove.

Nexa Equity, a San Francisco-based private equity firm, has made a strategic growth investment in Cedar AI, an AI-powered transportation management system serving railroads and rail shippers. The investment will support Cedar AI’s product development and commercial expansion from its headquarters in Seattle, Washington.

Waverly Advisors has acquired Pacific Portfolio Consulting, LLC and Pacific Portfolio Trust Company to expand into the Pacific Northwest and add trust capabilities. The deal brings roughly $5 billion of AUM to Waverly, increasing the firm's total AUM to about $25.1 billion; financial terms were not disclosed and the transactions closed in late September and October 2025.

OmniMax International, a PE-backed manufacturer of residential building products, has acquired Nu-Ray Metal Products, a West Coast regional manufacturer of roofing accessories and metal panels with facilities in Puyallup, Washington and Perris, California. Heritage Capital Group advised OmniMax on the transaction; financial terms were not disclosed. The deal expands OmniMax's West Coast footprint and manufacturing capabilities.

The Bay Club Company has acquired Harbor Square Athletic Club in Edmonds, Washington, expanding Bay Club’s presence in the Pacific Northwest. The deal brings the full-service Harbor Square club into Bay Club’s membership network as an add-on to its West Coast portfolio; financial terms and the seller were not disclosed.

Renaissance, a national network for independent insurance agencies, has acquired the agency network business of Insurance Services of the West, LLC (doing business as Insurance Agency Network or IAN), which represents more than 70 member agencies and $400 million in premium volume. The deal expands Renaissance's national footprint into 12 additional states and gives IAN members access to Renaissance's carrier/market access, placement services, technology platforms (including new AI tools), and enhanced profit-share opportunities.

White Cap has acquired Advanced Forming Solutions (AFS), a concrete forming and shoring provider based in Castle Rock, Washington, and Anchor Construction Industrial Products, a Winnipeg-based distributor with six locations across Western Canada. The acquisitions expand White Cap’s branch footprint and service capabilities in the Pacific Northwest and Western Canada to better serve commercial, civil, government and institutional contractors.

Balavant Insurance Group, a national managing general agency (MGA) platform based in Novato, California, has acquired TIMBY Specialty Insurance Solutions, an inland marine program manager headquartered in Everett, Washington. TIMBY will continue to operate under its brand with its team joining Balavant, expanding Balavant’s inland and ocean marine capabilities and program capacity for transportation, logistics, energy, and construction markets.

Pike Street Capital, a Seattle-based growth-oriented private equity firm, has made a strategic growth investment in DigiStor (formerly CRU Data Security Group), a Vancouver, Washington-based manufacturer of secure data-at-rest SSDs and removable storage. The capital will support DigiStor's product expansion, OEM partnerships, geographic expansion, and potential strategic acquisitions to accelerate growth and innovation.

Platte River Equity-backed MES Life Safety has acquired General Fire Apparatus, a Spokane-based fire apparatus sales and service provider with a four-decade history serving the Pacific Northwest. The add-on expands MES's apparatus sales capabilities and service footprint across Washington, Idaho, Montana, Oregon (and Alaska per announcement), strengthening its regional presence and support network for fire departments.

Whele, LLC (Razor Group) and Infinite Commerce announced a merger to form a combined Razor-branded company headquartered in Berlin and Boston, creating a global consolidator of Amazon FBA and e-commerce marketplace brands. The combined business will integrate technology and operational capabilities, with Infinite CEO Steve Neufer serving as Executive Chairman and the merged company targeting improved profitability and further M&A-led growth.

Summit Professional Education, an Avathon Capital portfolio company, has acquired Herman & Wallace Pelvic Rehabilitation Institute. Monroe Capital acted as sole lead arranger on a senior credit facility and provided an equity co-investment to support the acquisition; the combination aims to expand access to and innovation in pelvic health clinician education.

Gridiron Capital has acquired ABC Legal Services, a leading provider of service of process (SOP) and court filing solutions, from Aquiline. Gridiron plans to leverage ABC Legal's tech-enabled, dual-sided network to expand services, enhance digital capabilities, and drive market growth across law firms, corporations, and government clients.

Pennington Creek Capital, a Dallas-based private equity firm wholly owned by the Chickasaw Nation, has made a majority equity investment in Tacoma, Washington-based Rite in the Rain. The capital will support product development, operational scale and management's strategic growth initiatives for the maker of water-resistant notebooks, writing instruments and field organization gear.

Capsa Healthcare has acquired BlueBin to integrate BlueBin’s Kanban-based supply chain systems and predictive analytics into Capsa’s point-of-care and supply management solutions. The deal is an add-on to Capsa’s platform that aims to improve inventory visibility, reduce supply costs, and increase operational efficiency across hospital supply chains.

Concord Servicing has acquired Orion First, a specialist in commercial loan and lease portfolio management and analytics, marking Concord's first acquisition since GTCR's investment in December 2024. The deal expands Concord's capabilities into commercial finance and equipment lease servicing, creating a combined platform with over $35 billion in managed assets and retaining Orion's leadership team.

KDSA Investment Partners, in partnership with Greyrock Capital Group, has acquired Spokane-based Williams Distributors, the largest independent direct-store-delivery (DSD) distributor of ice cream and frozen foods in the Northwest. KDSA named Tim Valdez as CEO, will support infrastructure and expansion investments, and Tony Williams — the former owner — will remain as President through year-end and serve as an advisor.

Merit Financial Advisors, a Georgia-based wealth management firm, has acquired Bothell, Washington-based Olympic Wealth Management, adding $204 million of assets and a fifth Washington office. The merger, finalized June 13, 2025, brings Olympic’s advisors into Merit’s team to expand the firm’s Pacific Northwest presence and specialized service to Seattle–Tacoma aerospace clients.

Seattle-based MIND, an AI-native data loss prevention (DLP) and insider risk management platform, raised $30 million in a Series A round led by Paladin Capital Group and Crosspoint Capital Partners with participation from Okta Ventures and YL Ventures. The funding will be used to accelerate R&D, expand the go-to-market team, and scale adoption among enterprise customers, where MIND already serves Fortune 1000 organizations.

The Bay Club Company has acquired 425 Fitness, adding three clubs in Bothell, Redmond and Issaquah, Washington. The deal expands Bay Club's Pacific Northwest presence and strengthens its Campus model by integrating 425 Fitness's fitness and wellness amenities into Bay Club's Shared Membership ecosystem.

UKG has acquired Shiftboard, a Seattle-based employee scheduling software provider serving mission-critical operations in oil & gas, energy, and manufacturing. The acquisition, completed May 30, 2025, will integrate Shiftboard's industry-specific scheduling engine and AI-driven capabilities into UKG's Pro Workforce Management suite to expand UKG's capabilities for regulated, 24/7 operations.

EQT VII has agreed to sell Acumatica, a cloud-native ERP and business management software provider, to Vista Equity Partners. The transaction, expected to close in Q3 2025, transfers ownership as Vista aims to continue scaling Acumatica's product innovation, partner ecosystem and AI-enabled capabilities.

Main Capital Partners has made a majority investment in Fraxion and completed the add-on acquisition of Centreviews, combining cloud-based procurement and AP automation software to create an end-to-end procure-to-pay offering. The combined business serves roughly 500 customers across 25 countries and is the first add-on to Fraxion as Main pursues a buy-and-build strategy in financial-administrative software.

MajorKey Technologies, a U.S. identity security firm backed by The Acacia Group, has acquired Oxford Computer Group LLC US, an identity specialist with deep Microsoft and Saviynt expertise. The add-on expands MajorKey's cross-platform identity capabilities, increases scale (including federal capabilities) and integrates OCG as a MajorKey business division.

MKD Electric, a Hastings Equity Partners portfolio company, has acquired Sea-Tac Electric, a Seattle-based full-service electrical contractor. The add-on expands MKD's physical footprint into the Pacific Northwest and strengthens its capabilities in grocery, manufacturing, retail and healthcare electrical construction.

Boston-based private equity firm M|C Partners has made a strategic growth investment in The Institute for Corporate Productivity (i4cp) to support expansion of its HR research, advisory and subscription offerings. As part of the transaction, i4cp appointed Terry Waters as CEO; financial and legal advisors included Intrepid Investment Bankers, Cooley, and Choate, Hall & Stewart LLP.

Transcarent has completed its acquisition of Accolade, combining Transcarent's AI-powered WayFinding and Care Experiences with Accolade's health advocacy, expert medical opinion and virtual primary care capabilities. The transaction, valued at approximately $621 million, paid Accolade shareholders $7.03 per share and was financed by General Catalyst and Glen Tullman's 62 Ventures along with other investors and debt provided by J.P. Morgan.

CTL Corporation has acquired 3R Technology, an R2v3- and NAID AAA-certified IT asset disposition (ITAD) provider based in Kent, Washington. The acquisition expands CTL's IT lifecycle offerings—adding refurbishment, secure data destruction, and e-waste recycling capabilities to better serve education and enterprise customers nationwide; investor Columbia River Partners supported the transaction.

Gainsight acquired Skilljar, a leading external Learning Management System (LMS) provider, to integrate customer education into its Customer OS and accelerate AI-powered, contextual learning. The acquisition (announced April 2, 2025) expands Gainsight's product capabilities, brings Skilljar's ~400+ customers into the portfolio, and follows Lincoln International serving as Skilljar's exclusive financial advisor.

Cotiviti has completed its acquisition of Edifecs to combine interoperability and data management capabilities with Cotiviti's advanced analytics and value‑based care solutions. The transaction brings together Edifecs' healthcare interoperability cloud and SaaS offerings with Cotiviti's payment accuracy, risk adjustment and AI-enabled analytics to accelerate interoperability, streamline payer/provider workflows and advance value‑based care.

Pure Financial Advisors, LLC (PE-backed RIA) has acquired Personal Investment Management, Inc. (PIM), a Seattle-area financial advisory firm with roughly $567 million in regulatory AUM. The deal, which closed March 14, 2025, expands Pure's presence in the Pacific Northwest and integrates PIM's advisory team and clients into Pure's Seattle / Mercer Island operations.

OrderPort, a Bellevue-based provider of point-of-sale and direct-to-consumer software for wineries, has received a strategic growth investment from funds managed by Performant Capital. The capital will be used to invest behind the product and expand the OrderPort platform's capabilities to better serve family-owned and enterprise wineries.

Seacoast Capital has joined Bochi Investments to provide a unitranche debt and preferred equity financing supporting a recapitalization of Superior Fruit Equipment, a Wenatchee, Washington-based manufacturer of pruning tools and harvest equipment. The deal, led by Bochi, provides liquidity to certain shareholders and growth capital to support the company’s expansion and operations; terms were not disclosed.

San Francisco Equity Partners (SFEP) has acquired a majority stake in Formula Corp, a Washington-based formulator and contract manufacturer of cleaning products for consumer and professional end markets. Formula Corp co-founders Chas Werner and Alan Gangl will remain shareholders; Alexander Hutton acted as exclusive financial advisor to Formula Corp. SFEP said it will support Formula’s growth leveraging its experience building private-label and specialty manufacturing businesses focused on sustainable formulations and eco-friendly packaging.

Impel, a Pike Street Capital-backed flow management platform, has acquired Pump Dynamics, a Washougal, Washington-based provider of pump and flow-management products, services and engineered systems. The add-on expands Impel's geographic footprint into Arizona and broadens its service capabilities—particularly in the semiconductor and data-center end markets.

Family Resource Home Care, a Liberty Lake, Washington-based home care provider (and Great Point Partners portfolio company), has acquired Beneficial In-Home Care, Inc., a six-location home care agency operating across Eastern Washington. The deal expands Family Resource’s footprint in Spokane, Colville, Wenatchee, Moses Lake, Pullman and Omak and furthers its platform roll-up strategy to increase market share and continuity of care in the Pacific Northwest.

Tidal Vision raised an oversubscribed $140 million Series B led by Cambridge Companies SPG with participation from Eni Next, Milliken & Company, KIRKBI Climate, Convent Capital, SWEN Capital Partners' Blue Ocean Fund, MBX Capital, IDO Investments (Oman Investment Authority) and others. The growth equity will fund expanded commercial-scale production, new facilities in Europe and the U.S. (Texas and Ohio), and accelerated R&D to scale chitosan-based biomolecular solutions for water treatment, agriculture, and materials markets globally.

Funds managed by Blackstone and Vista Equity Partners completed the take-private acquisition of Smartsheet for approximately $8.4 billion. Smartsheet stockholders received $56.50 per share; the buyers said they will invest to drive product innovation, expand Smartsheet's collaborative work management platform and scale its international business.

Ro Health, a Seattle-based clinical staffing provider serving K-12 school districts, has received a strategic growth investment from LightBay Capital. The partnership will fund geographic and service-line expansion, enable strategic acquisitions and partnerships, and support further technology investment to scale Ro Health's staffing and behavioral health services.