Acquisitions in California in 2020

Dentsply Sirona acquired Byte in an all-cash transaction valued at $1.04 billion. The deal adds Byte's direct-to-consumer, doctor-directed clear aligner platform and nationwide network of licensed dentists to Dentsply Sirona's SureSmile clear aligner business, increasing scale and R&D/supply-chain capabilities; Byte's CEO Neeraj Gunsagar and the existing management team will remain in place.

Century Golf Partners and an HKI (Hankuk Industry) partnership acquired the member-owned Las Posas Country Club in Camarillo, California, with the sale finalized on December 31, 2020 after an overwhelming member vote. Century Golf will operate the club under its Arnold Palmer Golf Management brand and the buyers plan capital improvements while providing members reciprocal access to Century Golf's Palmer Advantage network.

Seaway Plastics Engineering, a portfolio company of Tonka Bay Equity Partners, acquired Wright Engineered Plastics (Santa Rosa, CA) effective December 31, 2020. The add-on expands Seaway's precision injection molding capabilities, clean-room medical manufacturing capacity, and geographic presence in California to better serve medical, defense and precision industrial end markets.

GracoRoberts, a specialty aerospace chemicals distributor backed by private equity sponsor CM Equity Partners, closed the acquisition of Able Aerospace Adhesives on December 30, 2020. The add-on expands GracoRoberts’ international footprint—particularly in the Asia-Pacific region—and strengthens its military and MRO capabilities and value-added services.

Edgewater Capital Partners completed an investment to acquire Naprotek, a San Jose-based electronic manufacturing services (EMS) company specializing in quick-turn printed circuit board assembly for high-reliability applications. Patriot Capital provided subordinated debt and an equity co-investment alongside Edgewater and Naprotek's management team to support the transaction and future growth.

InfraServ US, LLC — through its subsidiary Gateway Dealer Network — acquired the Bobcat Southwest dealership group, expanding the combined dealership footprint to 25 locations across 10 states. The acquisition, backed by sponsor Brightstar Capital Partners, adds six Southern California and Nevada locations and expands Gateway's sales, parts, service and rental capabilities; terms were not disclosed.

De'Longhi Group agreed to acquire Capital Brands Holdings Inc., the Los Angeles-based owner of the Nutribullet and Magic Bullet personal blender brands, from affiliates of Centre Lane Partners for an enterprise value of approximately $421 million. Capital Brands forecasted roughly $290 million in 2020 net revenues; De'Longhi said the acquisition strengthens its presence in the U.S. and expands its food-preparation/blender portfolio and is expected to be accretive.

Brightstar Capital Partners acquired a majority stake in Amerit Fleet Solutions, a Walnut Creek, California-based nationwide provider of outsourced fleet maintenance and mobile repair services. Stellus Capital Management provided unitranche financing to support the transaction; Amerit’s co-founders (Dan Williams and Amein Punjani) remain partnered with Brightstar to grow the business and expand its national capabilities.

Dalrada Financial Corporation (through subsidiaries Dalrada Health Products and Dalrada Precision) announced letters of intent to acquire 100% of Pacific Stem Cells, LLC and International Health Group, Inc., and has purchased a stake in CHP Industrial Solutions (Malaysia). The deals expand Dalrada's healthcare services and training capabilities while adding precision CNC and custom part manufacturing capacity in Malaysia to support growth into new verticals and geographies.

Amware Fulfillment, backed by Rotunda Capital Partners, has acquired Moulton Logistics, a Los Angeles–based third-party fulfillment and customer-care provider. The deal adds Moulton’s Los Angeles and South Brunswick, NJ facilities (adding over 400,000 sq. ft.) to Amware’s footprint, expanding national coverage and adding after-sale customer service capabilities to Amware’s service suite.

Superior Technical Ceramics (STC), a portfolio company backed by Artemis Capital Partners, has acquired IJ Research, Inc., a Santa Ana, California-based manufacturer of sapphire-to-metal brazed hermetic assemblies and electrical feedthroughs. The acquisition, which closed on December 24, 2020, expands STC’s technical ceramics and sealing capabilities to enable vertical integration and deeper customer relationships across aerospace, defense, medical and instrumentation end markets; CriticalPoint acted as buy-side advisor to STC.

Infogain, a ChrysCapital-backed digital platform and software engineering company, acquired Absolutdata, an AI and advanced analytics provider, adding Absolutdata's NAVIK AI platform and analytics capabilities to Infogain's portfolio. The acquisition expands Infogain's data, analytics and AI offerings and positions the combined company to deliver end-to-end digital transformation solutions to enterprise clients.

Bloomberg L.P. has completed its acquisition of Second Measure, a Bay Area–based consumer transaction data analytics company. The deal brings Second Measure’s proprietary transaction dataset and analytics into Bloomberg’s product suite to expand alternative data and real‑time consumer insights for investors and corporate clients.

HelpSystems (now Fortra) acquired Vera, a cloud-based data-centric security provider, to expand its data security portfolio and provide dynamic encryption, tracking and access controls across the full data lifecycle. The acquisition is intended to strengthen HelpSystems' / Fortra's ability to protect sensitive IP and regulated data for customers across financial services, manufacturing, media & entertainment and other industries.

Staci Americas has acquired Moulton Logistics, a Los Angeles–based fulfillment and customer service provider, adding four facilities (three in Los Angeles, one in South Brunswick, NJ) and ~500,000 square feet to its network. The deal expands Staci Americas' national fulfillment footprint to 15 facilities—enabling 1–2 day ground delivery to 95% of the U.S.—and brings Moulton's DRTV fulfillment expertise and large customer service contact center into Staci's service suite.

Inszone Insurance Services, a Sacramento-based full-service insurance brokerage, has acquired CBIA Insurance Agency, a Van Nuys-based personal and commercial lines agency founded in 2007 by Mark and Kim Chandler. The deal expands Inszone's presence in California and broadens its service offering for personal and commercial insurance clients.

Unilever has acquired SmartyPants Vitamins, a Los Angeles–area producer of premium multi-vitamins and a Morgan Stanley Expansion Capital portfolio company. Terms were not disclosed; Unilever said the deal complements its functional nutrition and supplement portfolio and will work with the company's founders to grow the brand.

Broadside Enterprises, Inc. (OTC: BRSE) acquired 100% of the membership interests in MonteCristo International Entertainment, LLC effective December 23, 2020. Broadside said the acquisition supports its plan to build a film and television distribution company; Michael Taverna will become CEO, Cindy Nelson-Mullen COO and Christopher Petzel will remain Chairman.

GrowGeneration Corp. acquired the assets and product portfolio (including the Power SI brand) of Southern California-based Canopy Crop Management. The acquisition brings founder Rex Gill and proprietary silicic acid formulations into GrowGen as the company pursues private label product development and expanded product offerings for its hydroponic retail chain.

GS Foods Group, a family of specialized foodservice distributors owned by affiliates of Highview Capital and A&M Capital Partners, has acquired Hayes Distributing to strengthen its presence in Northern California. The deal is an add-on to GS Foods' platform and is intended to expand the company's logistics, commodity expertise and school-nutrition offerings for K-12 customers in the San Francisco Bay Area.

Wheel Pros, the Clearlake Capital-backed designer, manufacturer and distributor of aftermarket wheels and accessories, acquired Just Wheels & Tires Co., Inc. d/b/a TSW to broaden its luxury and off‑road product offerings. Financial terms were not disclosed; TSW (founded 1991) serves over 5,800 dealers through eight distribution centers.

Fralock, a Valencia, California-based engineering and manufacturing company and portfolio company of Arsenal Capital Partners, has acquired Mapson Engineering, a specialty precision-graphics provider based in Orange County, California. The deal is an add-on to Fralock's capabilities that enables continuity for Mapson's customers as founder Jim Mapson transitions toward retirement and expands Fralock's offerings to aerospace, defense and electronics customers.

Netrix, LLC has acquired the Microsoft Consulting and Managed Services Business Unit of Prosum, Inc., expanding Netrix's West Coast presence and strengthening its Microsoft-focused managed services capabilities. The transaction transfers Prosum's Microsoft services team, customers and vendor relationships into Netrix to deepen its managed services offering.

Private equity funds managed by Blackstone have reached a definitive agreement to make a majority investment in Liftoff, a Redwood City-based performance-based mobile app marketing optimization platform. The partnership will provide capital and resources to accelerate product development, expand Liftoff's global footprint, and support future growth initiatives.

Forensic Engineering Services, LLC (a Trinity Hunt Partners portfolio company) announced the acquisition/partnership with VA Forensics, LLC, a Carlsbad, California-based provider of biomechanical and accident-reconstruction forensic engineering services. The deal adds VA Forensics’ technical capabilities and personnel to FES’s platform to support a national client base and accelerate the combined organization’s growth.

M/C Partners, a Boston-based private equity firm, has acquired Bel Air Internet, LLC (BAI) and will combine it with AerioConnect and Metro Fiber to form a larger regional ISP serving the greater Los Angeles market. Bel Air Internet provides internet, voice and video services to over 800 multi-family and commercial buildings in Los Angeles; the deal is an add-on to expand the AerioConnect platform and accelerate MDU broadband growth in Southern California.

Sompo International Holdings Ltd. has acquired W. Brown & Associates Insurance Services, a specialist managing general underwriter for general aviation risks. W. Brown will operate as a wholly owned subsidiary and the deal strengthens Sompo International's aviation insurance capabilities and distribution platform.

RingCentral acquired DeepAffects, a conversational intelligence startup, to integrate advanced speech, speaker and emotion-recognition AI into its meetings and collaboration platform. The deal closed in Q4 2020 for undisclosed terms and is intended to enhance RingCentral's pre-, in- and post-meeting experiences for enterprise customers.

Uber Technologies, Inc. agreed to acquire Postmates, Inc. in an all-stock transaction announced in November/December 2020 valued at approximately $2.65 billion. The deal combines Postmates' last-mile delivery and delivery-as-a-service capabilities with Uber's global Rides and Eats platform to create operational synergies, expand merchant reach, and improve batching and logistics efficiency.

GS Foods Group, backed by affiliates of Highview Capital and A&M Capital Partners, has acquired family-owned produce supplier Fresno Produce, Co. The deal adds Fresno Produce’s local K-12 school nutrition footprint (serving ~100 schools and 73,000+ students) to GS Foods’ national foodservice distribution platform to expand regional capabilities in California.

Crestline Investors made a minority equity investment in Broadvoice to provide growth capital to accelerate the company's expansion in the UCaaS and CCaaS markets. Broadvoice's existing leadership will retain a majority stake and continue to run operations while using Crestline's resources to scale product development and nationwide customer deployment.

Gryphon Investors acquired Physical Rehabilitation Network (PRN) from Silver Oak Services Partners, with Silver Oak reinvesting in the newly recapitalized company and PRN management retaining equity. PRN is a leading outpatient physical therapy operator headquartered in Carlsbad, California, operating 138 clinics across 12 states and delivering over one million patient visits annually; Gryphon intends to continue scaling the platform through organic and acquisitive growth.

AerioConnect, backed by private equity firm M/C Partners, has acquired Metro Fiber LLC, a Los Angeles–based internet service provider serving multi-family residential (HOA) communities. The acquisition, which closed after M/C Partners' September 30, 2020 investment in Aerio, expands Aerio's customer base and depth in the greater Los Angeles broadband market.

Metrie, a Vancouver-based manufacturer and distributor of interior millwork, has acquired Pacific MDF Products Inc. (Rocklin, CA) and Canadian MDF Products Company (Edmonton, AB), collectively known as Pac Trim. The deal expands Metrie’s MDF manufacturing footprint into California and strengthens its production and distribution capabilities across Western Canada and the U.S. West/Pacific Northwest.

Arcline Investment Management, a growth-oriented private equity firm, has acquired a controlling stake in Engineering by Design (EBD) from founders Dale and Judy Henson. EBD will join Arcline's medical-oriented manufacturing equipment platform (including Glebar, Everite Machine Products, SYNEO and Cath-Tip), expanding Arcline's capabilities in precision equipment and consumables for interventional medical device manufacturing.

Corsair Capital LLC acquired a majority stake in IDIQ, a tech-enabled provider of credit reporting, identity theft monitoring and data breach response services, on December 16, 2020. Corsair will partner with CEO Scott Hermann and other existing investors to accelerate growth, expand product breadth and scale IDIQ's customer base.

Spinal Elements announced it has acquired the assets of Benvenue Medical, including the Luna XD expandable lumbar fusion implant, the Orbit articulating discectomy system, and related manufacturing equipment. Spinal Elements plans to relocate operations to its Carlsbad, California headquarters, integrate the technologies into its MIS Ultra platform, and relaunch the products in 2021.

Lynx Technology Partners has acquired ITSourceTEK, a privately held cybersecurity services firm, combining ITSourceTEK’s incident response, managed EDR and threat intelligence capabilities with Lynx’s integrated risk management platform and consulting services. The deal strengthens Lynx’s cybersecurity operations and expands the capabilities of its Lynx Risk Manager offering to better serve Fortune 500 and midsize customers.

Chicago-based private investment firm Vistria Group has acquired Mission Healthcare, a San Diego-based home health and hospice provider, in a transaction that represents an exit for HCAP Partners. Vistria’s investment will support Mission Healthcare’s continued growth across Southern California and other markets; terms were not disclosed.

Sterling Healthcare Logistics has acquired ABS Vaccines to expand its healthcare supply chain and contracting capabilities. The acquisition adds ABS Vaccines' vaccine and pharmaceutical contract negotiation and group purchasing capabilities to Sterling's ACXSS software and ACXSS365 contract/GPO offering, strengthening Sterling's services for health systems and provider groups.

Charger Investment Partners acquired a majority stake in Advanced Composite Products and Technology, Inc. (ACPT), a Huntington Beach, California-based manufacturer of engineered composite structures. Charger will partner with ACPT's management and the Leslie family to accelerate growth and expand ACPT's leadership across defense, aerospace, automotive and marine end markets; financial terms were not disclosed.

GrowGeneration Corp. (NASDAQ: GRWG) acquired Grassroots Hydroponics, a three-store chain of hydroponic garden centers in Southern California (Anza, Lake Elsinore and Murrieta). The acquisition expands GrowGeneration's California footprint to 13 stores and its national retail footprint to 39 locations, adding a high-volume, revenue-generating presence in the Southern California cultivation market.

Rhythmlink International, LLC acquired California-based Chalgren Enterprises, a long-running manufacturer of neurodiagnostic electrodes and consumables, in a deal completed December 11, 2020. The acquisition expands Rhythmlink's product portfolio across EEG, EMG, epilepsy monitoring and other neurodiagnostic and intraoperative monitoring supplies and brings Chalgren's manufacturing expertise into Rhythmlink's operations.

GoDaddy Inc. agreed to acquire Poynt to integrate in-person point-of-sale, payments and commerce capabilities into its Websites + Marketing and WordPress commerce offerings. The deal pays $320 million cash at close plus up to $45 million in deferred cash and is expected to contribute more than $150 million of bookings in 2023; Poynt CEO Osama Bedier will join GoDaddy to lead a new Commerce Division.

New Harbor Capital has sold Community Psychiatry Management, LLC, a Sacramento-based outpatient behavioral health provider, to Centerbridge Partners. Community Psychiatry operates more than 40 clinics and telemedicine services across California with 100+ affiliated psychiatrists and more than 120 behavioral health clinicians; Centerbridge acquires the company to support further geographic expansion and growth.

Contractors Steel, part of Chicago-based UPG Enterprises LLC, has acquired Borrmann Metal Center, a 100+-year-old metal distributor based in Burbank, California. American Discovery Capital served as financial advisor to Borrmann; the acquisition expands Contractors Steel/UPG’s national footprint and broadens product offerings in structural and distribution products across California and Arizona.

PTC (NASDAQ: PTC) has signed a definitive agreement to acquire Arena Solutions, a SaaS product lifecycle management (PLM) platform provider, for $715 million in cash. The acquisition expands PTC’s SaaS product development portfolio—combining Arena’s PLM and quality management capabilities with PTC’s CAD and PLM offerings—to deliver a complete CAD + PLM SaaS solution and accelerate PTC’s leadership in industrial SaaS.

Titanium Healthcare Inc. has acquired Your Community Medical Group, which operates clinics in Bell Gardens and Baldwin Park, California. Titanium said it will retain existing staff and expand the clinics' primary-care and obstetrics services for a largely Medicaid population by adding telehealth, improved processes and technology.

New Relic, Inc. has signed a definitive agreement to acquire Pixie Labs, a developer-focused observability solution for Kubernetes. The acquisition is intended to expand New Relic's Kubernetes observability capabilities and accelerate developer-first telemetry across customers of all sizes.

TechTarget, Inc. agreed to acquire BrightTALK, a virtual events and webinar platform, for $150 million in cash. The acquisition expands TechTarget's proprietary first‑party purchase intent data and opt‑in audience by integrating BrightTALK's webinar platform, audience of 8 million registered professionals, and subscription revenues.