Acquisitions in Florida in 2024

Elevate ENT Partners, a physician-led management support organization, has acquired Jacksonville ENT Surgery, adding the Jacksonville practice to its national network of ENT centers. The deal will provide Jacksonville ENT with Elevate's operational resources and support to enhance clinical capabilities and patient care while enabling practice growth.

Imagenet, a healthcare operations partner and portfolio company of BV Investment Partners, acquired CODY Consulting Group (CODY) in a deal completed December 31, 2024. The acquisition adds CODY's proprietary software, outsourced services, and consulting capabilities for member communications and compliance, creating a combined business that will serve more than 150 health plans with a global workforce of over 1,000.

Gamber-Johnson, a Main Street Capital portfolio company based in Stevens Point, Wisconsin, has acquired American Aluminum Accessories, Inc., a Perry, Florida-based specialty aluminum manufacturer serving law enforcement, public safety and fleet markets. Skyway Capital Markets advised the sellers (siblings Thomas Swain and Linda Lawson); Jennifer Arnold will continue to lead the Perry facility as General Manager while the business operates as part of the Team GJ family.

Neuberger Berman Capital Solutions (NBCS) has acquired a significant minority stake in Yellowstone Landscape, Inc., with funds managed by Harvest Partners retaining majority ownership. Harvest Partners SCF, Harvest's non-control investment strategy, also invested alongside NBCS; terms were not disclosed. The capital infusion is intended to support Yellowstone's continued growth and execution across its commercial landscaping services.

Second Avenue, a Tampa-based single-family rental platform, acquired Jacksonville-based Pacific Oak Residential, Inc., adding a 2,110-home portfolio valued at about $400 million. The deal expands Second Avenue's managed homes to 5,300 and raises its assets under management to $1.5 billion while extending its operating footprint to 21 states.

Landscape Workshop, a Birmingham-based commercial grounds management platform backed by Carousel Capital and McKinney Capital, has acquired Servello & Son, Inc., a family-owned landscaping business in Orlando, Florida. The acquisition expands Landscape Workshop's footprint into the Orlando market and brings the Servello founders into the company as part of the integration.

Michigan-based Savvy Sliders has acquired Florida-based BurgerFi, adding the chef-driven fast-casual chain to its portfolio alongside Happy's Pizza and Fat Boy's Pizza. BurgerFi will continue to operate under its own name across its locations, and the combined restaurant portfolio will total 206 stores.

Afore Insurance Services, LLC has acquired the assets of S&B Block Services, Inc. dba Block Insurance, bringing the Oviedo, Florida-based specialist insurance agency onto Afore's national agency platform. Beth and Steven Block and their 12-person team have joined Afore as Managing Principals to help scale the firm's childcare, private school, and martial arts specialty practice across the United States.

Clear Peak Capital entered a partnership with ITsynch, LLC on November 12, 2024; Generational Group advised ITsynch on the transaction. The investment will support ITsynch's expansion of service offerings and entry into new markets by combining the firm's maritime-focused software capabilities with Clear Peak's IT services expertise and capital.

Laser Photonics Corporation (NASDAQ: LASE) acquired Control Micro Systems, Inc. (CMS) for approximately $1.05 million ($950,000 cash and $100,000 in common stock). The acquisition expands Laser Photonics' engineering capabilities and entry into the pharmaceutical market, with CMS bringing precision laser drilling systems and a revenue backlog of over $3.7 million.

CRC Group has acquired SLB Insurance Group, a binding authority operation based in Coconut Creek, Florida with offices in Florida and Louisiana. The deal expands CRC's binding operations in the Southeast — nearly doubling its presence in South Florida and strengthening capabilities in Louisiana — and SLB's leadership team will continue to run the business reporting to Brennan Paris, President, CRC Binding.

LPL Financial announced that financial advisor Francisco J. Blanco (bringing approximately $200 million in advisory, brokerage and retirement plan assets) has joined LPL's broker-dealer, RIA and custodial platforms. Blanco merged his practice with Stonebrook Wealth Management (founded by Joe Mazzucco) to form Stonebrook Wealth Partners, which will operate on LPL’s platforms to provide wealth management and retirement planning services.

Accuhealth and Signallamp Health have merged with additional investment from Sunstone Partners to form the newly rebranded TelliHealth, creating an integrated remote care company offering Remote Patient Monitoring (RPM) and Chronic Care Management (CCM). Sunstone provided the financing for the combination; the consolidated business will serve physician practices and health systems across the United States and has appointed Asif Ahmad as CEO of TelliHealth.

OmniMax International, a PE‑backed North American building products manufacturer, has acquired Millennium Metals, Inc., a Jacksonville‑based manufacturer of roofing accessories. The deal expands OmniMax’s product portfolio and manufacturing capacity in Florida and the broader Southeastern U.S.; financial terms were not disclosed.

NextGen Security, a portfolio company of Dunes Point Capital, has acquired Micro Security Solutions, a Miramar, Florida-based electronic security integration firm. The add-on expands NextGen’s access control and video surveillance capabilities and geographic presence in healthcare, government, and other institutional end markets.

PrimeSource Brands, the Clearlake-backed residential building products platform, has acquired Harney Hardware, a Tampa-area manufacturer and distributor of door and bathroom hardware. The add-on expands PrimeSource's Kitchen & Bath offering and product portfolio; financial terms were not disclosed.

Clarion Capital Partners, in partnership with ballroom dance legend Gary Edwards and with financing and an equity co-investment from Stellus Capital Management, has acquired Arthur Murray International, Inc., a 112-year-old international franchisor of dance studios. Gary Edwards will serve as CEO as Clarion seeks to support the company’s next phase of growth following Philip S. Masters' long ownership and recent passing.

SRM Equity Partners has entered a strategic partnership with Mid-Florida Endodontics (MFE), providing capital and operational support to accelerate MFE's regional expansion. The dentist-led MFE will retain significant ownership while leveraging SRM's programmatic M&A and operational expertise to add providers and new locations across the Southeast; the partnership became effective December 10, 2024.

Russel Metals Inc. has closed its acquisition of Tampa Bay Steel, adding the Tampa-based steel distributor and processor to its Southern U.S. businesses. The purchase expands Russel Metals' regional presence and processing capabilities as it pursues growth in the southern U.S. market.

Creach Family Holdings, a privately held family investment firm, has acquired HealthRev Partners, a technology-enabled revenue cycle management (RCM) provider serving the home health and hospice market. The acquisition will integrate HealthRev's RCM capabilities with Creach's portfolio EMR platform Careficient to offer a combined suite of clinical and billing solutions for home health and hospice providers.

Bloom, a Medicare and ACA enrollment, engagement and technology provider backed by Oak HC/FT, has acquired Focused Health, a health insurance distribution agency focused on Medicare Advantage and the ACA. The deal expands Bloom's enrollment and post-enrollment capabilities—adding member onboarding, retention and customer service—while Focused Health co-founder Larry Cassar will continue as President and co-founder Shawn Holt will join Bloom as Chief Revenue Officer.

VSE Corporation (NASDAQ: VSEC) has completed the acquisition of Kellstrom Aerospace Group, Inc., a portfolio company of AE Industrial Partners, expanding VSE Aviation's distribution and MRO capabilities in the commercial engine aftermarket. VSE said the deal was funded with cash (approximately $185 million) and 172,414 common shares (subject to working capital adjustments); AE Industrial Partners' announcement characterized the sale as $200 million.

Pentair plc acquired Florida-based G&F Manufacturing, LLC (maker of Gulfstream pool heat pumps) for approximately $108 million in cash. The deal expands Pentair’s pool equipment offerings in Florida and the Southeast U.S., adding heat-pump capabilities that align with the company’s sustainability and regional product strategy.

GCL (Global Critical Logistics), parent company of Rock-it Cargo, has acquired Magusa Global Cargo, a Miami-based specialist in live events and touring logistics for Latin artists. The acquisition aims to deepen GCL's capabilities and reach in the Latin music and live-events markets; terms were not disclosed.

The Valcourt Group has acquired Restocon, a Tampa-based specialty construction and waterproofing contractor, to expand Valcourt's capabilities in parking garage repair and waterproofing. Restocon's leadership will remain in place and the acquisition is intended to broaden Valcourt's specialty services and enable expansion into new markets.

Perry Homes, a large privately held homebuilder based in Houston, has acquired MasterCraft Builder Group, a regional homebuilder in the Jacksonville/St. Johns, Florida area. The acquisition expands Perry Homes' operations in Florida; MasterCraft's owners, including CEO Chris Shee and his brother Brad, sold the business with Builder Advisor Group serving as exclusive financial advisor to MasterCraft.

Argosy Healthcare Partners completed a recapitalization and strategic partnership with Nicklas Medical Staffing, a Jacksonville-based provider of specialized staffing solutions to pathology and histology labs. The investment will reinvest in the business and support expansion of NMS's lab-focused staffing offerings nationwide; SDR Ventures served as sell-side advisor to Nicklas Medical Staffing.

Founder Jeffrey (Jeff) Sarmiento has sold Greater Bay Plumbing, Sarasota's leading plumbing service provider, to Dan Tulchin, CEO of Sundream, an operating business of Hey Brother Industries, as part of Sarmiento's planned retirement. The deal was facilitated by Viking Mergers & Acquisitions and is intended to preserve the company's legacy while integrating it into Tulchin's portfolio of HVAC and plumbing businesses across Florida.

Roofing Services Solutions (RSS), a portfolio company of Dunes Point Capital, has acquired Quality First Roofing, LLC, a Lecanto, Florida-based provider of re-roofing and building exterior services. The add-on deal expands RSS’s footprint in Florida; Quality First operates two locations and employs roughly 15 people while RSS operates eleven locations with ~185 employees.

An affiliate of Lone Star Funds has completed the $3.0 billion acquisition of Carrier Global Corporation's Commercial and Residential Fire business and established Kidde Global Solutions as a standalone platform. The deal, announced initially in August 2024, closes on December 2, 2024 and will allow the new company to focus on growth across residential, commercial and industrial fire & life safety markets.

Warren Henry Auto Group, a privately owned Florida dealership group, has completed the acquisition of Kia of Key West. The dealership will operate as part of the Keys Auto Center family and continue operations at 2826 N Roosevelt Blvd in Key West, Florida, bringing the location into Warren Henry's expanding Florida portfolio.

Valante Capital, the private equity arm of IDC Network, has acquired a significant stake in American Foods, a U.S.-based distributor of consumer goods to Latin America and the Caribbean. The investment will support American Foods’ regional expansion across the U.S., Latin America and the Caribbean and create commercial synergies with Valante’s portfolio company Vitali Alimentos.

TIGRIS Aquatic Services, a portfolio company of Plexus Capital, has acquired American Ecosystems, Inc., a Florida-based provider of aquatic vegetation management with locations in Largo and Odessa. The acquisition expands TIGRIS's footprint in the Tampa Bay area and adds local field operations and expertise in nuisance aquatic vegetation control to its stormwater and surface-water services platform.

Paine Schwartz Partners’ Food Chain Fund VI has acquired Promix LLC, a Gainesville, Florida–based maker of clean‑ingredient protein mixes, supplements, vitamins and better‑for‑you snack bars. Promix’s founding management team will remain in place, Bob DeBorde will join as Executive Chairman, and Paine Schwartz will support growth initiatives including marketing, product innovation, margin optimization and channel expansion. Financial terms were not disclosed.

WI FL Acquisition, LLC — a new entity formed by former majority owners Mark Bellissimo, Marsha Dammerman, Lisa Lourie, and Roger Smith — has completed the acquisition of Wellington International from Global Equestrian Group. The buyer group named Murray S. Kessler as CEO and said it will invest in the showgrounds and infrastructure to support the Winter Equestrian Festival and year-round events.

Pennybacker Capital Management has completed the acquisition of the Miami LNG business from New Fortress Energy. The small-scale liquefaction and distribution operation (producing ~8,300 MMBtu/day) will be led by newly appointed President & CCO Daniel McLaughlin and will focus on serving customers across Florida and the Caribbean.

McAdams, a Raleigh-based multidisciplinary civil engineering and design firm, has acquired AVID Group, LLC, a Central Florida civil engineering firm with offices in Tampa Bay and Orlando. The acquisition expands McAdams' geographic presence in the Southeast and augments its land development, surveying/geomatics, and commercial/retail engineering capabilities in Florida.

Del-Air Plumbing, Air Conditioning and Electric, a Florida indoor comfort provider majority owned by Astara Capital Partners, has acquired Colman Heating & Air of Titusville, Florida. The acquisition expands Del-Air's footprint into Volusia and Flagler counties (Daytona, Titusville, Cape Canaveral, Cocoa, New Smyrna, Ormond Beach and Palm Coast) and adds local HVAC, ductless, heat pump and light commercial service capabilities.

Boys & Girls Clubs of the Suncoast and Boys & Girls Clubs of Tampa Bay have merged to create Boys & Girls Clubs of Greater Tampa Bay, expanding after-school and youth services across Pinellas, Hillsborough, and Pasco counties. The combined organization will operate 42 locations, serve about 3,000 kids daily, and manage an annual operating budget of approximately $23 million to deepen programming and operational efficiency.

Revere Medical, a Kinderhook-backed employed medical group, has agreed to acquire the Medicare Shared Savings Program portion of CareMax's Management Services Organization (MSO), which supports care for approximately 80,000 Medicare beneficiaries. The transaction, part of CareMax's prearranged Chapter 11 process and subject to court and regulatory approvals, is expected to close in Q1 2025 and will expand Revere Medical's value‑based care capabilities.

MidOcean Partners has acquired Arnott Industries, a global leader in aftermarket air suspension products, from Calera Capital. The acquisition strengthens MidOcean's auto aftermarket platform and will support Arnott's growth through organic initiatives and strategic M&A; financial terms were not disclosed.

Celero Commerce has acquired Precision Payments, an electronic payments technology provider headquartered in Sarasota, Florida. The deal expands Celero's merchant payments capabilities and sales footprint in multi-lane retail and is expected to push Celero's annual card processing volume across North America above $28 billion.

Bregal Sagemount has made a strategic growth investment in PMWeb, a Miami-based provider of web-based construction and asset management software. The investment will support PMWeb's domestic and international expansion through organic growth and M&A; as part of the announcement founder Marc Jaude moves to Chairman and Huw Roberts is appointed CEO.

Exchange Income Corporation (EIC) completed the acquisition of Spartan Mat, LLC and its subsidiary Spartan Composites, LLC for US$120 million (including US$18 million in EIC common shares). The purchase expands EIC's Environmental Access Solutions business into the U.S. matting market and adds Spartan's SYSTEM7 composite mats and FODS Trackout products to its manufacturing portfolio.

Investor Andy Unanue purchased Sutherlin Nissan of Vero Beach from Sutherlin Automotive Group; the dealership will operate as Nissan of Vero Beach. Pinnacle Mergers & Acquisitions represented seller Sutherlin Automotive Group in the transaction, which the seller said supports portfolio/brand-mix optimization.

Liberty Service Partners, a national home‑services platform backed by NorthCurrent Partners, has acquired Wilson Heating & Air Conditioning, a residential HVAC provider headquartered in St. Augustine, Florida. The deal brings the local business founded by Todd and Brenda Wilson into Liberty's multi-brand platform to support the company's targeted geographic expansion in the Southeast. Financial terms were not disclosed.

Fidelity Building Services Group has acquired Tropic-Kool, a Largo, Florida-based commercial design-build and HVAC/mechanical services contractor. The acquisition strengthens Fidelity's service footprint in the Southeastern United States and adds Tropic-Kool's fabrication capabilities and local customer relationships in healthcare, education and commercial/industrial markets.

Endries International, a distributor of industrial fasteners and supply-chain solutions, has acquired Assembly Fasteners, Inc., a Florida-based distributor specializing in latches, fasteners and inventory-management services. The deal expands Endries' presence across the southeastern United States and adds AFI's VMI/CMI and iBinDrop fulfillment capabilities to Endries' distribution footprint.

ICTS Europe has acquired First Coast Security (FCS), a Jacksonville, Florida-based provider of corporate security services. The acquisition establishes FCS as ICTS Europe’s North American corporate security business unit and strengthens the group's presence in the United States; terms were not disclosed.

Presidio, a technology services and solutions provider, has acquired a majority stake in Contender Solutions, an Elite ServiceNow partner. The deal expands Presidio's ServiceNow consulting, implementation and managed-services capabilities to better support customers' IT operations and platform consumption.