Acquisitions in Georgia in 2017

Blake & Pendleton, a Macon, Georgia-based value-added distributor of compressed air, pumping and flow-control equipment, was recapitalized in a management-led buyout where CEO Allen King and the B&P management team partnered with Five Points Capital. Svoboda Capital Partners sold its position in the company as part of the transaction, leaving management as majority stakeholders alongside Five Points.

ALTEN Calsoft Labs, part of the ALTEN Group, has acquired Premier Logic, a US-based digital transformation and product engineering consultancy. The acquisition expands ALTEN Calsoft Labs' digital capabilities and strengthens its presence in US markets by adding Premier Logic's product design, prototyping and digital delivery expertise.

New Mountain Capital has agreed to acquire OneDigital Health and Benefits from FNFV Group in an all-cash transaction valued at $560 million. The deal, announced May 8, 2017, is a buyout that closed following customary approvals and will allow OneDigital to continue scaling its employee benefits and HR services under new private-equity ownership.

ParkerGale Capital, a technology-focused private equity firm, has made a major investment in Profisee, a master data management (MDM) software provider based in Alpharetta, Georgia. The capital will be used to accelerate product and platform development, expand Profisee's global partner program and go-to-market, and support continued revenue growth.

Hub International Limited acquired the assets of Heritage Corporate Benefits, LLC, an Acworth, Georgia-based employee benefits brokerage. The acquisition expands Hub's Gulf South footprint and strengthens its employee benefits capabilities; terms were not disclosed.

Kerr Consulting, a PE-backed Sage reseller and IT services firm, has acquired Atlanta-based Software Link, a long-standing Sage partner focused on Sage X3, 100, 500, HRMS and Business Works. The deal—completed with support from majority investor Proviso Capital—adds geographic presence, Sage expertise and the Software Link team while the selling owner, Stanley Kania, remains highlighted as the transaction seller.

Marsh & McLennan Agency LLC (MMA), the middle-market agency subsidiary of Marsh, signed a definitive agreement to acquire J. Smith Lanier & Co. (JSL). JSL will operate as MMA's Southeast regional hub, with all ~600 employees joining MMA; the deal (terms undisclosed) was expected to close in Q1 2017.