Acquisitions in Connecticut in 2024

Mesirow has acquired Bastion Management, an asset-backed specialty finance lender based in Stamford, Connecticut; the transaction closed December 31, 2024. Bastion will operate within Mesirow Global Investment Management and serve as the platform for Mesirow’s Private Credit – Asset-Backed Lending expansion; Bastion was founded in 2013 and has completed 50+ transactions totaling over $2 billion in commitments.

Pangaea Logistics Solutions Ltd. completed a combination transaction with Strategic Shipping Inc., issuing 18,059,342 shares (approximately 27.6% of outstanding stock) to SSI in exchange for fifteen handy-size dry bulk vessels. The vessels were valued at approximately $271 million at closing (inclusive of $100 million of vessel financing assumed), and the deal closed following shareholder approval on December 30, 2024.

Altus Fire & Life Safety, a portfolio company of funds advised by Apax Partners LLP, has acquired Facility Compliance Services LLC & Facilities Compliance Fire Protection LLC (FCS), a Connecticut-based provider of inspection, testing, maintenance and compliance services. The acquisition is an add-on that expands Altus' geographic footprint into Connecticut and strengthens its fire protection and life safety service capabilities.

Proven Behavior Solutions has acquired Prism Autism Education & Consultation, expanding Proven's geographic reach from Massachusetts into Connecticut and broadening its autism services offering. Prism will continue operating under its brand and leadership while integrating operations, technology, and best practices with Proven to increase access to clinical and educational autism services.

Hub International Limited has acquired the assets of Fairfield County Bank Insurance Services, LLC, an independent insurance agency headquartered in Ridgefield, Connecticut. The Fairfield County Insurance Services team, led by Mark Connelly, will join Hub New England to expand Hub's commercial, personal insurance and employee benefits capabilities in the region; terms were not disclosed.

Recognize, a private equity firm focused on digital services, has made a strategic growth investment in SDG Corporation, a Norwalk, Connecticut-based provider of advisory, implementation, and managed cybersecurity services. SDG (approximately 400 employees) will continue to be led by founder and CEO Ajay Gupta, and Recognize will support the company’s buildout and accelerated growth in identity and access management (IAM), threat, and risk services.

VIU by HUB, the omnichannel insurance brokerage platform powered by Hub International, has acquired BIS Management Services, Inc., d.b.a. Insuritas, an embedded insurance provider for banks and credit unions. The move brings Insuritas’ relationships with more than 100 financial institutions onto VIU’s digital marketplace to accelerate growth in the financial-institution channel; terms were not disclosed.

Abra Health Group has acquired All About Kids Pediatric Dentistry, adding four Connecticut locations and marking Abra's expansion into its third state. The practice will operate under the Abra umbrella with continuity of care, and Abra plans to open a new Bridgeport, Connecticut location in 2025.

Dental365 has acquired Brush & Floss Dental Center in Stratford, Connecticut, adding its fifth Connecticut location and bringing the dental group’s footprint to over 140 offices. The single-office practice—led by Dr. Jeffrey C. Hoos and offering services including sleep apnea treatment, implants and teeth straightening—will join Dental365’s network to access expanded resources while maintaining personalized patient care.

BerryDunn has merged with Connecticut-based Burzenski & Company, effective December 1, 2024; Burzenski will assume the BerryDunn name and continue to operate from its East Haven, Connecticut office. The combination expands BerryDunn's veterinary practice and construction industry expertise and strengthens its Outsourced Accounting Practice Group to provide enhanced reporting, benchmarking, and business consulting services.

World Insurance Associates LLC, a nationally ranked insurance brokerage, acquired the business of Archambault Insurance Associates of Putnam, Connecticut effective December 1, 2024. The family-owned, full-service agency will join World to expand the firm's presence in Connecticut; financial terms were not disclosed.

Arthur J. Gallagher & Co. announced the acquisition of Old Greenwich, Connecticut-based Shepard Insurance Group; terms were not disclosed. Shepard's leadership will remain in place, and the deal expands Gallagher's high-net-worth insurance offerings in the Northeast and Florida.

CCi Voice, a Redding, Connecticut-based provider of cloud-based voice and unified communications solutions, has acquired IP Genie, a South Windsor phone service company serving municipalities, schools, libraries, nonprofits and businesses across Connecticut. The deal brings IP Genie’s president and seven team members into CCi Voice, adds VoIP/UC capabilities and a no-bid state contract for municipal purchases, and expands CCi Voice’s offerings to include video surveillance and access control.

SRBA Group, a Dutch provider of controlled environment facilities, has acquired a majority interest in Corporate Construction Inc., a Brookfield, Connecticut-based specialist in cleanrooms, laboratories, industrial manufacturing and medical facility construction. The cross-border transaction was facilitated by IRIS Corporate Finance (Netherlands) and Protegrity Advisors (USA).

Vitality has acquired WellSpark, a health coaching and employee-wellbeing provider, from EmblemHealth. The acquisition will integrate WellSpark’s coaching capabilities into Vitality’s behavior-change platform to expand services for employer and health-plan clients and improve outcomes for members.

Foley Company has acquired SALSCO, Inc., a Cheshire, Connecticut-based manufacturer of turf maintenance and golf-course equipment founded in 1979. The acquisition adds SALSCO’s 40+ in-house products, a nationwide distributor network and more than 70 employees to Foley’s turf equipment portfolio to expand its product capabilities for golf courses and turf professionals.

Branford Castle Partners has acquired Hoffman Engineering, a Stamford-based maker of night-vision test equipment, imaging lighting systems and commercial aviation LED specialty lighting, from Trident Maritime Systems. The transaction was financed with senior debt from O2 Sponsor Finance and mezzanine debt and an equity co-investment from Brookside Capital Partners; Hoffman’s management team will remain in place and terms were not disclosed.

Pye-Barker Fire & Safety has acquired Sonitrol New England from the Sonitrol Security Systems network, gaining two branches in Rocky Hill, Connecticut and Riverside, Rhode Island. The deal marks Pye-Barker’s first location in Rhode Island and expands its fire protection, life safety and security services footprint across the Northeast.

Tessenderlo Kerley, Inc. (a subsidiary of Tessenderlo Group) acquired Tiger-Sul Products from Platte River Equity, with the transaction closing on November 6, 2024. The acquisition expands TKI's specialty fertilizer portfolio by adding Tiger-Sul's sulfur-based crop nutrition and soil enhancement products; Tiger-Sul will continue operating under its existing brand names.

The Colony Group, a Focus Financial Partners firm, has integrated GYL Financial Synergies in a transaction completed on November 1, 2024, adding more than $6.6 billion in regulatory assets under management and bringing Colony’s office count to 100. The GYL team will join Colony’s institutional practice and former GYL CEO Gerry Goldberg will become a Division President at Colony to help expand advisory and institutional consulting capabilities.

PackEdge, Inc. (Hamden, Connecticut) has acquired Fluted Partition, a specialized unit of Valley Container, to expand its custom and protective packaging capabilities. The acquisition brings Fluted Partition's manufacturing team into PackEdge and supports planned investments in technology and equipment to enhance production efficiency and sustainable packaging offerings.

Foxhole Group, via its Foxtronics EMS platform, has acquired Accutron Inc., an established contract manufacturer of printed circuit board assemblies. The add-on expands Foxtronics EMS's capabilities and footprint in life sciences, aerospace & defense, and other advanced end-markets, adding in-house design, injection molding, full box-build and CNC machining expertise.

Patriot Capital provided a debt and equity co-investment in Quality Brand Group to support QBG’s acquisition of another Dunkin' franchisee and to refinance the company's debt. Quality Brand Group, formed by MRE Capital and Blue Marlin Partners, is a multi‑unit franchisee operating over 180 Dunkin' and Buffalo Wild Wings GO locations across Arizona, Florida, Colorado, Nevada and Texas.

UST has acquired the automation unit of Information Services Group (ISG) in an all-cash transaction valued at $27 million. The unit — a provider of intelligent automation, RPA implementation, support and licensing services with 120+ senior consultants across the US, UK, India, Canada and Germany — will bolster UST's intelligent automation capabilities and partner ecosystem.

Coleville Partners, through an affiliate, has acquired The Powderhorn Agency from Accretive Insurance Solutions. Powderhorn, headquartered in Brookfield, Connecticut, administers ProGuard and Pro-Sept residential warranty and protection programs for oil tanks and septic systems; Coleville intends to grow the business under new leadership with Nick Alexander appointed President.

Schivo has acquired ParMed, a Berlin, Connecticut-based fluid handling specialist led by founder Chris Parzych. The acquisition brings ParMed's fluidics IP and product capabilities into Schivo's Life and Analytical Sciences segment to strengthen OEM module offerings and expand into high-growth end-markets such as liquid chromatography, IVD, genomics, and proteomics.

Economic Alternatives, Inc. (EAI Water), backed by Sylmar Group, has acquired Clearwater Industries, a Shelton, Connecticut-based industrial water treatment provider. The deal expands EAI's Total Water footprint to the U.S. East Coast and strengthens its service and equipment capabilities for industrial cooling towers, boilers, and advanced membrane technologies.

NexusTek, a managed IT services provider based in Greenwood Village, Colorado, has acquired Enterprise Solutions Providers (ESP), a founder-led hospitality-focused technology provider headquartered in Monroe, Connecticut. The acquisition creates NexusTek's first dedicated hospitality services vertical and brings ESP's leadership (Jason and Abby Pullo) into NexusTek to continue leading the new vertical.

Wealthspire Holdings LLC, parent of Wealthspire Advisors and an NFP company, has acquired Judith Heft & Associates, a women-owned firm providing high-touch lifestyle and bill-pay services to affluent clients. The acquisition expands Wealthspire's holistic wealth and family office offering by adding dedicated lifestyle and bill-pay capabilities to better serve high-net-worth families.

SS&C Technologies Holdings, Inc. has agreed to acquire Battea-Class Action Services, a leading provider of securities class action claims management and settlement recovery services, for approximately $670 million. The deal brings Battea's team of more than 100 employees and its client base of 900+ institutional investors into SS&C to expand the company’s financial recovery and litigation-support capabilities.

Health Union has acquired Adfire Health, a healthcare-professional (HCP) data and digital engagement company, to expand its capabilities in HCP marketing and integrate Adfire's first-party HCP identity graph with Health Union's patient data. The acquisition will create combined patient and HCP datasets to enable integrated, omnichannel media planning and expanded programmatic and digital marketing solutions for pharmaceutical and life sciences clients.

EQT Private Capital Asia (BPEA Private Equity Fund VIII) has agreed to acquire a controlling beneficial interest in GeBBS Healthcare Solutions from ChrysCapital. The transaction will support GeBBS' next phase of growth — including expanding customer segments, strengthening in-house technology capabilities, and pursuing further M&A — and is expected to close in Q4 2024.

HMC Capital Limited (ASX: HMC) has completed the acquisition of StratCap, LLC, a specialist investment management platform focused on mission-critical digital infrastructure assets. HMC said the purchase provides a foundation to establish a large-scale digital infrastructure platform and accelerate StratCap's growth; Goldman Sachs acted as exclusive financial advisor to StratCap.

Mercer Global Advisors (Mercer Advisors) has acquired Benchmark Wealth Management, a Registered Investment Adviser based in Old Lyme, Connecticut that oversees approximately $412 million in assets for more than 300 primarily high-net-worth clients. The deal expands Mercer’s presence in Connecticut and the Northeast while adding Benchmark’s high-net-worth financial planning and wealth management capabilities to Mercer’s national RIA platform.

Organization INK Inc., a Great Barrington-based provider of bookkeeping, accounting, payroll and HR services, has acquired My Office LLC of Torrington, Connecticut. The purchase, completed Sept. 2, brings the majority of My Office's staff (including owner Cynthia Rines) into Organization INK as the owner retires, expanding Organization INK's regional footprint and service capabilities.

Attune Wellness Med Spa acquired Burton Young, a single-location med spa at 43 Greenwich Avenue in Greenwich, Connecticut, in late August. The North Stamford–headquartered operator will reopen the location as Attune Wellness Med Spa on September 9 and has committed to honoring existing clients, memberships and packages during the transition.

Boyne Capital announced that an affiliate has made a platform investment in Premier Building Associates (PBA), a top-100 U.S. commercial roofing contractor headquartered in North Branford, Connecticut. Boyne will partner with PBA founder and CEO Dan Secondino to accelerate nationwide expansion, grow service and maintenance offerings, and pursue strategic industry partnerships.

HEICO Corporation has acquired the Capewell aerial delivery and descent devices business units from Argosy Private Equity. Argosy will retain Aerial Machine & Tool Corp and Rhine Air Inc as it refocuses on survivability, safety and protection solutions for military and first responder customers, while HEICO expands its aerospace and defense product portfolio.

O2 Investment Partners, through its platform FCAH Aerospace, has made an investment in and partnered with Innodyne Systems, an FAA/EASA Part 145 repair station specializing in MRO, DER, and OPP component services. The deal positions FCAH to expand its engineering and repair capabilities—adding proprietary DER/OPP repairs and creating cross-sell opportunities across commercial, cargo, defense, regional and business-jet markets.

Vantedge Medical, a portfolio company of Aterian Investment Partners, has acquired Hobson & Motzer, a Durham, Connecticut-based manufacturer of precision consumable medical devices. The add-on acquisition expands Vantedge's consumables manufacturing capabilities, particularly in progressive stamping, precision electrochemical machining and surgical stapler components, and broadens its customer base and geographic footprint.

Charlotte-based private equity firm Falfurrias Management Partners announced an equity investment in Jumo Health, a patient-centric clinical trial solutions and health-literacy company. The investment will support Jumo Health's product development, data-driven capabilities, and expansion of patient engagement to accelerate clinical trial enrollment and retention; Falfurrias will also appoint advisors and board members to Jumo's board.

Portside, a cloud-based aviation software provider backed by Vista Equity and Insight Venture Partners, has acquired LeaseWorks, a provider of cloud-based lease and asset management software (Aeris suite) for aircraft lessors and airlines. The deal erweitert Portside's product suite into aircraft leasing, enabling expanded lifecycle management capabilities and scale for both organic and inorganic growth.

United Kingdom-based Reconomy has acquired Lincoln Waste Solutions LLC, a Windsor, Connecticut-based waste and recycling management and consulting firm. The deal is Reconomy's first U.S. acquisition and provides a platform for accelerating the company's expansion into North America using its tech-enabled, people-powered approach.

Addtronics, a consolidator of niche automation technology and a portfolio company of Kaho Partners, has acquired Colanar, Inc., a Deep River, Connecticut-based provider of aseptic fill-and-finish automation systems for the pharmaceutical industry. Colanar founder Bernd Stroeter will remain as President as the business becomes part of Addtronics' platform to expand its life-sciences automation capabilities.

Ryerson Holding Corporation, a Chicago-based metals processor and distributor, has acquired Production Metals, LLC, a Monroe, Connecticut-based distributor of aluminum, stainless and specialty steels. The deal expands Ryerson's value-added metal offerings and precision cutting capabilities (sawing, lasering, water jet cutting) in the Northeastern United States and across Ryerson's service-center network.

Sequoia Financial Group has acquired Karpas Strategies, an independent investment manager serving ultra-high-net-worth families, foundations and trusts, with the firm joining Sequoia's Sequoia Sentinel Family Office. The transaction closed July 31, 2024; Karpas manages about $420 million and its three-person team will join Sequoia to expand the firm's family office and ultra-high-net-worth services.

Industrial Growth Partners VI, L.P., in partnership with AMG management and certain outside investors, has acquired Alpha Metalcraft Group (AMG), a Danbury, Connecticut-based manufacturer of precision formed metal components. The investment creates a platform to accelerate AMG's growth, pursue strategic add-on acquisitions, and expand capabilities across aerospace & defense, medical, and industrial end markets.

1970 Group, a specialist provider of insurance collateral funding and risk-financing solutions, received a growth capital investment from Bain Capital Insurance to support expansion of its liquidity management offerings. Financial terms were not disclosed; the investment is intended to help 1970 Group scale its insurance collateral model across the United States and Canada.

IDEX Corporation has entered into and completed a definitive agreement to acquire Mott Corporation for $1.0 billion in cash (approximately $900 million net of present-value tax benefits). The acquisition brings Mott's sintered porous metal filtration and flow-control capabilities into IDEX's Health & Science Technologies segment to expand applied materials capabilities across semiconductor, medical, energy, space & defense, and water purification end markets.

DCAK-MSA Architecture & Engineering, PC has acquired Clohessy, Harris, and Kaiser LLC (CHK Architects), a Simsbury, Connecticut-based architectural firm, with the transaction closing on July 18, 2024. The merger expands DCAK-MSA’s capabilities, geographic reach across the Northeast, and adds CHK’s expertise in workplace design and aerospace-sector projects while integrating CHK into DCAK-MSA’s construction management division, Workshop SAS.