Professional Services Acquisitions in 2023

The Clearway Group Limited has acquired Secure Empty Property Limited, a UK specialist in vacant property security, CCTV and alarm monitoring. The deal expands Clearway's UK footprint and capabilities in vacant/property security and integrates SEP's team and technology into Clearway's service offering.

Trinity Consultants, a global environmental and built-environment consulting firm, has acquired Valcoustics Canada Ltd., a Toronto-based acoustical engineering consultancy. The acquisition expands Trinity’s acoustical capabilities and strengthens its presence in the Ontario and broader North American built-environment market.

TruArc Partners, a New York-based private equity firm, has invested in Watchtower Security, a St. Louis‑area provider of managed video surveillance and asset protection solutions for the multi‑family housing industry. Terms were not disclosed; TruArc cited Watchtower's recurring, proprietary platform and service model as strategic fits for its portfolio.

Quantum Workplace, an employee success platform headquartered in Omaha, Nebraska, has acquired TalentKeepers, a Winter Park, Florida-based provider of employee engagement, onboarding and leadership training solutions. The acquisition adds TalentKeepers' engagement and retention tools and expertise to Quantum Workplace's platform to help HR teams convert employee data into action and improve retention and culture.

The Riverside Company has added Miracle Method, a leading U.S. franchised provider of bath and kitchen refinishing services, as an add-on to its Threshold Brands platform. The acquisition expands Threshold Brands' home-service offerings and provides opportunities to grow franchise footprint, enter new geographies and deepen commercial relationships.

PennSpring Capital, a Lancaster, Pennsylvania-based lower middle market investment firm, has acquired Zirtual, a Columbus/Powell, Ohio-based provider of U.S.-based virtual assistant services, from accelerator Startups.com. The acquisition expands PennSpring's BPO capabilities and complements its existing holding Mobiniti, positioning the firm for additional add-on activity in the business process outsourcing space.

IK Partners' IK X Fund has signed an agreement to acquire a majority stake in Kooi European Mobile Security Solutions B.V., a pan-European provider of temporary camera surveillance (TVS) and rising early-detection (RED) solutions. The seller is Bencis Capital Partners together with founder Pieter Kooi and the management team, who will reinvest; Kooi — headquartered in Drachten, the Netherlands — has more than 200 employees and serves customers across 23 countries.

Furniture Marketing Group (FMG), a Plano, Texas-based commercial furniture dealer, has acquired Contract Associates, a contract furniture dealer with locations in Albuquerque, New Mexico and El Paso, Texas. The acquisition expands FMG's presence in the Southwestern United States and brings Contract Associates' design, planning and installation capabilities into FMG's service offering.

Japan-based Sansei Technologies has taken a majority share in Toronto-headquartered experience design firm FORREC to deepen capabilities in attractions, rides and immersive experiences. The strategic partnership will allow FORREC to expand its client base, access new markets and integrate Sansei's ride and attraction expertise while FORREC continues to operate as a separate company under its existing management.

New State Capital Partners has acquired Agility Recovery Services as an add-on to its AFIMAC business continuity platform. Agility, headquartered in Atlanta, provides subscription-based business continuity and disaster recovery services (backup power, temporary office space, network connectivity and mission-critical equipment); terms were not disclosed and Mark San Fratello was named CEO.

Global leadership advisory firm Russell Reynolds Associates has acquired Savage Partners, a boutique executive search firm serving growth-equity and private-equity backed software companies. The Savage Partners team will join RRA's Boston and Miami offices to deepen RRA's capabilities in leadership advisory for growth-oriented technology companies.

Kaltroco, a private investment company backed by the family of Steve Koltes, has made a minority growth investment in The Dave Cantin Group (DCG), a New York–based M&A advisory firm focused on automotive retail and related sectors. The capital will support DCG's expansion into adjacent verticals (motorcycle, RV, powersports, heavy truck), broader geographic coverage, and new advisory service offerings; financial terms were not disclosed.

Pye-Barker Fire & Safety has acquired Adroit Systems Company, a Greenville, South Carolina-based provider of commercial fire alarm, intrusion detection, access control and video surveillance with 24/7 monitoring. The acquisition expands Pye-Barker's life safety and security capabilities and presence in South Carolina as part of its ongoing national growth strategy.

Arch Amenities Group, a CI Capital Partners‑backed amenity and wellness services provider, has acquired Personal Best Health and Performance Inc., a Palgrave, Ontario–based corporate wellness and fitness management firm. The deal expands Arch's operations into Canada and will introduce Arch's amenity and hospitality‑infused services into Canadian commercial, residential and hospitality markets.

Bernhard Capital-backed Grace Hebert Curtis Architects (GHC) has acquired Hahnfeld Hoffer Stanford (HHS), a long-established architecture firm in the Dallas–Fort Worth region. The add-on strengthens GHC’s AEC platform with deeper K‑12, higher‑education and civic expertise and establishes a local presence in North Texas; financial terms were not disclosed.

G&A Partners, a Houston-based professional employer organization (PEO), has acquired Integrity Outsource, a Phoenix-based HR outsourcing provider. The deal expands G&A's presence in Arizona and deepens its local talent and client service capabilities as part of the firm's continued roll-up strategy in the PEO market.

Seneca Partners acquired Wyoming Corporate Services, a Cheyenne-based corporate formation and registered agent services company. Source Capital (via SCCO IV) and White Wolf Private Credit provided debt financing and an equity co-investment to close the transaction and fund growth and compliance-related initiatives; the seller was owner Gerald Pitts.

Morae Global Corporation acquired UK-based technology and managed legal services provider Exigent Group Limited, creating one of the largest global providers of legal technology and managed services. The deal doubles Morae's service delivery capacity, adds Exigent's Bangalore and Cape Town delivery centers, and expands Morae's capabilities across contracts, discovery, information management, and managed services.

Red Iron Group, a Menlo Park-based private investment firm, made a significant growth investment in hiline Services, a Syracuse-based provider of financial operations-as-a-service. The capital will support hiline's organic growth, expand its hilineOS technology and enable strategic acquisitions while the company's co-founder and management team remain shareholders.

CPL has acquired Cleveland-based Makovich & Pusti Architects (MPA), adding the firm’s healthcare, higher-education and public-sector expertise and opening CPL’s first office in Ohio. The transaction expands CPL’s geographic footprint into the Midwest and strengthens its sector capabilities across healthcare and institutional markets.

Security 101, a Gemspring Capital-backed national commercial security provider, has acquired Advance Security Integration (ASI), a long-time Security 101 franchisee based in Southington, Connecticut. The add-on expands Security 101's footprint in New England and integrates ASI's local team and capabilities into the national platform to strengthen regional service delivery across commercial end markets.

Accenture has acquired ON Service GROUP, a Germany-based provider of insurance business process services with offices in Siegburg, Hamburg and Munich and more than 200 professionals. The deal (terms undisclosed) expands Accenture Operations' insurance capabilities in Germany across sales and broker support, policy administration, customer support and process transformation.

Consello Capital, the private equity arm of The Consello Group, has acquired a majority stake in ProSearch Strategies, a tech-enabled legal services and eDiscovery provider. The investment will support ProSearch's growth, expansion of its technology and AI capabilities, and deepen its services to enterprise legal departments; financial terms were not disclosed.

Thomas Scientific completed the acquisition of Lenexa, Kansas-based Arrowhead Forensics on October 5, 2023. The deal expands Thomas Scientific’s product portfolio and Midwest distribution/kitting capabilities, and brings Arrowhead’s forensics expertise and customer relationships (particularly with law enforcement and government agencies) into Thomas’s offering.

Begbies Traynor Group has acquired Cardiff-based Jones Giles & Clay, welcoming four team members including directors Susan Clay and Vaughan Jones into its South Wales practice. The move expands Begbies Traynor's capacity in the region to handle larger and more complex insolvency and business recovery cases as it pursues further regional growth.

Growth Catalyst Partners (GCP) launched a new data leadership platform by acquiring The Data Lodge and CDO Magazine to serve chief data officers and senior data, analytics, and AI leaders. The combined business will offer data literacy training, a peer leadership community, events and research to scale workforce development and thought leadership for CDOs globally.

Godspeed Capital Management LP has made a strategic investment in Stengel Hill Architecture (SHA) to establish SHA as a new architectural, engineering, and consulting (AEC) platform focused on the U.S. healthcare facilities market. The investment will support geographic expansion (targeting Florida, Texas and California), capability diversification, and pursuit of complementary add-on acquisitions while SHA's existing leadership retains a significant equity stake.

Agilea Solutions has acquired Workerbee, an on-demand talent marketplace that connects businesses with vetted corporate software experts for platforms like UKG, Workday, SAP, and Salesforce. Workerbee will operate independently under Agilea leadership (Heiko Roth as CEO) and its Workerbee Enterprise product will add centralized account management and PO-based billing to Agilea's HCM systems-integration offerings.

Movate, a digital technology and customer experience services provider, has acquired TSD Global, an international provider of outsourced sales and customer experience (CX) services. The deal expands Movate's geographic footprint (notably in the Philippines and South Africa) and strengthens its outbound sales and CX capabilities through TSD Global's client base and delivery centers.

Imparta, owned by The Capability Group, has acquired the business of US-based sales training firm VantagePoint Performance. Imparta will integrate VantagePoint's research-based sales agility content into its modular sales curriculum and Training as a Service (TaaS) offering to expand capabilities and strengthen its presence in the US.

MarketSource, Inc., a managed sales solutions provider owned by Allegis Group, has acquired Salelytics, LLC, a contact-center and outsourced customer experience provider headquartered in Appleton, Wisconsin. The deal combines Salelytics' AI-supported contact center technologies and inside-sales capabilities with MarketSource's field and inside sales operations to deliver an end-to-end customer experience and expanded capabilities across multiple verticals.

CIVC Partners-backed YOUNG & Associates (YA) has acquired IN-Line Consulting, LLC, a Southeast-focused construction and claims consulting firm. IN-Line will operate as a subsidiary of YA with its existing leadership and staff retained; the acquisition expands YA's technical capabilities and strengthens its footprint in the Southeast United States.

TiER1 Impact has acquired Pro-Active Performance, an automotive-focused training and consulting firm founded by Jim Shute. Pro-Active will be integrated into TiER1 Performance to expand TiER1's learning & development, leadership development, and customer experience capabilities for automotive OEM and dealership clients.

LaunchPad Home Group, a PE-backed family of regional home inspection and residential services brands, has acquired TLC Inspections of Marble Falls, Texas. The add-on expands LaunchPad’s inspection footprint in Austin and the broader Texas Hill Country and is supported by LaunchPad’s sponsor, RFE Investment Partners.

Gordon Brothers has acquired Durkin Group, a professional services firm that provides field examinations and diligence services to lenders, investors and operators across North America. The acquisition expands Gordon Brothers' valuation, disposition and capital services by adding Durkin's field examination and credit-risk diligence capabilities and 60 field examiners nationwide.

Skyview Capital's portfolio company Continuum Global Solutions has acquired Faneuil, LLC, a business process outsourcing (BPO) provider specializing in customer experience and technical support for utilities, government and healthcare clients. The add-on acquisition is intended to bolster Continuum's scale and capabilities in the BPO/contact center market; terms were not disclosed.

Quince Imaging has acquired Red Envelope Consulting and launched a new Critical Infrastructure and Transportation Division led by industry veteran Ron Birkla. The acquisition expands Quince's AV design and systems-integration capabilities for transportation markets (airports, mass transit, terminals) and brings several new hires into the Sterling, Virginia facility.

Ci Design has acquired Compounding Workflow, a laboratory design and compounding pharmacy consulting practice owned by Bryan Prince, and opened a new office in Greenville, South Carolina. Prince joins Ci as an Associate and Senior Lab Planner to expand Ci's compounding pharmacy and USP-compliant lab design expertise across the firm's Science & Technology practice.

IMS Consulting & Expert Services, a Pensacola-based trial and expert services firm, acquired Analytic Focus (San Antonio, TX) and MMG Jury Consulting (Philadelphia, PA). The acquisitions expand IMS's analytics, predictive modeling, jury consulting, CLE and trial-preparation capabilities while extending its coast-to-coast U.S. footprint.

Arcapita Group Holdings Limited has acquired The DataFlow Group (DataFlow Verification Services Limited) from EQT Private Equity. DataFlow is a leading provider of regulation-mandated pre-employment primary source verification services in the GCC with more than 850 employees across nine countries; Arcapita said the acquisition supports its strategy to build technology-enabled, asset-light business services and drive growth across the GCC and beyond.

Stout acquired Torrey Partners, a San Diego-based economic, forensic accounting, and valuation services firm of approximately 25 professionals. The deal strengthens Stout's Disputes, Claims & Investigations practice and expands its West Coast presence as an add-on acquisition to the PE-backed Stout platform.

Michael Baker International has acquired Tidal Basin, a leading emergency and disaster management consulting firm. The acquisition will allow Michael Baker to expand its preparedness, mitigation, response, recovery and program management capabilities and strengthen its service offering to federal, state and local clients on resiliency and post-disaster recovery projects.

SoundThinking, Inc. (Nasdaq: SSTI) acquired SafePointe, LLC, an AI-based intelligent weapons detection provider, on August 18, 2023. The deal expands SoundThinking's SafetySmart platform by adding weapons detection capabilities and provides cross-selling opportunities into commercial and enterprise verticals such as hospitality, education and healthcare.

SIB Holdings, a spend-management platform owned by O2 Investment Partners, has made a strategic investment in ProcureAmerica, a contingency-based cost reduction and contract compliance services provider headquartered in San Juan Capistrano, California. The ProcureAmerica leadership team will remain in place and the deal expands SIB's presence in government, higher education, and healthcare while broadening its spend-category expertise (utilities, telecom, waste).

Medical Technology Associates, a portfolio company of PNC Riverarch Capital, has acquired Air Filtration Management, a Bethlehem, Pennsylvania-based provider of cleanroom and controlled-environment testing and certification. The acquisition is MTA's second in the Northeast and expands its capabilities and footprint in life sciences and technology controlled-environment testing and validation.

Garden Streets, a Boston-based employee engagement and wellness company, has acquired Revive, a marketplace of team-building activities. The acquisition (closed end of June 2023) will expand Garden Streets’ catalog of experiences and strengthen its learning & development and destination management offerings for corporate and distributed teams.

MRE Partners, supported by investors including Stonehenge Partners, Blue Marlin Partners, Cohesive Capital and UMB Financial, has completed an investment to acquire Curated Events, a leading special-event rental and services provider based in the Raleigh area. The transaction (terms undisclosed) transfers Curated Events from seller Dubin Clark and positions MRE to pursue organic growth and follow-on acquisitions to build a market-leading platform across the Mid‑Atlantic and Southeast.

The Walker Agency has acquired Monarch Title, a multi-location title insurance and settlement services firm based in Columbia, Missouri. The acquisition expands The Walker Agency’s service offering by adding title and closing services to its existing employee benefits, Medicare, long-term care, life insurance and financial services capabilities.

LaunchPad Home Group, backed by private equity firm RFE Investment Partners, has acquired Axium Inspections and ListingPro by Axium of Denver, Colorado. Axium will become LaunchPad's Colorado hub and expand the platform's national capabilities; Axium owner Wade Williamson will join LaunchPad as Chief Business Development Officer.

Forward Solutions, a portfolio company of Osceola Capital, completed four acquisitions—ElectroRep Inc., R/B Sales Corporation, Madigan McCune & Associates, and Upper Midwest Utility Sales—to establish a new electrical division and expand its StruXur utility, telecom and power division. Two of the acquired firms (ElectroRep and R/B Sales) will be merged into a new electrical supplies division, while Madigan McCune and Upper Midwest Utility Sales will be integrated into Forward Solutions' StruXur utility division to broaden geographic coverage and product offerings.