Acquisitions in Georgia in 2021

The AZEK Company (NYSE: AZEK) has acquired StruXure Outdoor, a designer and manufacturer of aluminum pivoting-louver pergolas and cabanas. The deal expands AZEK's outdoor living product portfolio, enabling cross-selling with TimberTech and leveraging AZEK's sourcing, operations and material-science capabilities to drive growth and margin expansion for StruXure.

LFM Capital, a Nashville-based private equity firm, has acquired SureKap Inc., a Winder, Georgia manufacturer of automated packaging machinery. The transaction creates a new portfolio company for LFM and is intended to support SureKap's growth by expanding capacity, capabilities, and aftermarket service offerings across food & beverage, pharmaceutical, nutraceutical and cosmetics end markets.

Inframark, a water and wastewater operations company backed by New Mountain Capital, has acquired MR Systems, a provider of automation and cybersecurity solutions for municipal water and wastewater facilities. The acquisition expands Inframark's automation, SCADA and cybersecurity capabilities and brings MR Systems' skilled workforce and Eastern U.S. footprint into Inframark's platform.

Keter Environmental Services, a PE-backed national recycling and waste management platform, has acquired Atlanta-based M-PASS Environmental, a provider of waste management and recycling solutions. The acquisition strengthens Keter's service capabilities and expands its geographic and industry coverage; financial terms were not disclosed.

Salesloft, the Atlanta-based provider of a sales engagement SaaS platform, announced a strategic growth investment from Vista Equity Partners that values the company at a multi-billion dollar valuation. The investment will provide capital and partnership to accelerate product innovation, international expansion (particularly beyond North America), and continued go-to-market growth; Vista will join Salesloft's board.

King Insurance, a Gainesville, Florida-based full-service insurance brokerage, acquired Piedmont Insurance Associates, an independent insurance agency with offices in Covington and Newnan, Georgia. The acquisition is King's first expansion outside Florida and continues its roll-up strategy following a partnership with investor BHMS Investments, LP.

TAP Software Holdings, an enterprise software investment vehicle managed by Terminus Capital Partners (with participation from Petrus Asset Management Company), has acquired Delta Data, a pooled investment fund administration software provider, from Accel-KKR. Delta Data — founded in 1985 and serving major banks, retirement recordkeepers, and investment managers — will continue to be led by CEO Whitfield Athey as the buyer invests in product and infrastructure to drive growth.

NewSpring Healthcare led a GP-led secondary recapitalization of Verisma on December 22, 2021, providing liquidity to existing investors (including Blue Heron) and admitting new investors via a continuation vehicle. The transaction injects growth capital to accelerate Verisma's healthcare disclosure management technology and platform while Verisma's management team and board remain largely in place.

Turning Basin Capital and co-investor Vigeo Investments provided growth equity to National Glazing Solutions (NGS) to fund national expansion and acquisitions. NGS, a Canton, Georgia-based dealer-installer of window film, Riot Glass, printed graphics and signage, will keep its founders James Beale and Patrick Coyle in operating roles while using the capital to scale operations.

Align Capital Partners made a growth capital investment in We Are Rosie, a flexible talent marketplace for advertising and marketing, in December 2021. The deal valued We Are Rosie at $110 million; founder and CEO Stephanie Nadi Olson retained a significant stake and will continue to lead the company as it uses the capital to invest in people and technology to scale its marketplace.

UFP Technologies, Inc. (Nasdaq: UFPT) has acquired DAS Medical, Inc., a contract manufacturer of single‑use surgical equipment covers, robotic draping systems and fluid control pouches. The acquisition expands UFP's MedTech capabilities—adding thin film converting and near‑shore manufacturing in the Dominican Republic—and provides additional low‑cost manufacturing options for shared customers.

Boathouse Capital has completed a growth investment in RBJK Marketing, the largest Jan-Pro franchisee operating in the Atlanta and Oklahoma City markets. The private equity firm partnered with RBJK’s management to fund organic and inorganic growth initiatives — including expansion within the Jan-Pro system and digital transformation efforts to scale the commercial cleaning business.

Percheron Capital has signed a definitive agreement to acquire a majority stake in Caliber Car Wash, a leading express conveyor car wash platform with more than 50 existing and pipeline locations. Founders Mac McCall and Danny York will remain significant equity holders and continue to lead the company, while Eagle Merchant Partners will exit its prior majority position but retain a minority interest; financial terms were not disclosed.

Pearlman Group, a portfolio company of The Stephens Group, has acquired Advanced Diamond Technologies, Inc. dba Vector Tools. The acquisition expands Pearlman's specialty distribution capabilities in stone fabrication tools and supplies across the U.S. Southeast; founders Elbert Wu and Corey Levy and the current management team will remain with the business. Terms were not disclosed.

FFL Partners, a San Francisco-based private equity firm, completed a significant investment in Optomi Professional Services, a 100% U.S.-based provider of IT consulting, staff augmentation (Optomi) and domestic rural outsourcing (Provalus). The partnership will support OPS' growth plans — including expanding Provalus delivery centers and broadening Optomi's IT consulting and managed services reach — with financial terms not disclosed.

Cloudmed has acquired par8o, a healthcare technology company specializing in 340B and patient referral management, to advance Cloudmed's 340B Discovery services and integrate par8o's machine learning into the CloudmedAI platform. The deal expands Cloudmed's capabilities to capture prescriptions from referrals and further automates referral-to-prescription matching across EMRs, pharmacies and specialists.

Fiera Infrastructure acquired 100% of Cube District Energy from I Squared Capital and will rename the business Captis Energy. Cube owns and operates eight landfill gas-to-energy and cogeneration assets across the southeastern United States under long-term contracts; Fiera said it plans to expand the platform through additional acquisitions and development, including RNG projects.

Groendyke Transport, Inc. signed an agreement to acquire all tank truck assets of Georgia Tank Lines (GTL), increasing Groendyke's driver count by 39 to about 900 and adding three locations. The deal expands Groendyke's footprint into the greater Atlanta market and was expected to close Jan. 1, 2022.

Weinberg Capital Group and North American Kitchen Solutions (NAKS) have acquired Lane Mechanical Inc., a Dallas, Georgia-based commercial kitchen sheet metal fabricator. The acquisition adds a second manufacturing plant to NAKS, providing increased production capacity, faster regional delivery and expanded custom-fabrication capabilities for the company's HoodMart/ventilation systems business.

Precisely, a data integrity software leader backed by Clearlake Capital and TA Associates, has signed a definitive agreement to acquire Atlanta-based SaaS provider CEDAR CX Technologies. The acquisition adds CEDAR CX's cloud Customer Communication Management (CCM) and hosted managed services capabilities to Precisely's EngageOne portfolio, strengthening offerings for regulated industries such as wealth management, lending, and insurance.

Wind Point Partners, a Chicago-based private equity firm, has acquired Atlanta-headquartered kids' beverage company good2grow from Kainos Capital. The deal will provide good2grow with capital and Wind Point's strategic support to accelerate distribution, product innovation and penetration into additional retail channels.

FoodChain ID, a Berkshire Partners–backed provider of food safety, quality and sustainability solutions, has acquired Verdant, a consulting and SaaS provider that automates compliance, PLM integration and product development workflows for CPG, food & beverage and specialty chemical companies. The add-on expands FoodChain ID's technology-enabled services and accelerates its ability to deliver PLM integrations, compliance automation and product formulation tooling to enterprise customers.

Commercial Metals Company (CMC) has agreed to acquire Tensar Corporation, a global designer and manufacturer of geogrid products and foundation-improvement technologies, from Castle Harlan for $550 million in cash. The transaction — a sale of a Castle Harlan portfolio company (CHP V) — closed following customary regulatory review; Tensar is headquartered in Alpharetta, Georgia and will expand CMC's construction-products and ground-stabilization capabilities.

United Digestive has partnered with Digestive Care Physicians (DCP), a Johns Creek, Georgia gastroenterology practice with nine providers that operates five clinics and an endoscopy center. The deal expands United Digestive's footprint in northern Metro Atlanta and brings DCP into United Digestive's physician practice management platform.

Scopes Facility Services, a Westbridge Capital portfolio company, has acquired Atlanta-based Davis Landscaping Group. Davis provides commercial landscaping installation and maintenance to multi-family properties, HOAs and commercial clients (representing over 170 properties and 20,000+ units); financing for the transaction was provided by Westbridge Capital Partners Income Trust and Davis' CEO/owner Jay Stephens will remain in a strategic client role.

Solmax has completed the acquisition of Propex, a North American geosynthetics manufacturer, strengthening Solmax's product portfolio and manufacturing capacity in non-woven geotextiles and erosion-control solutions. The deal expands Solmax's presence in environmental and civil-infrastructure markets and adds Propex's Ringgold, Georgia manufacturing capability and on-site testing facilities to Solmax's global footprint.

Techniplas, LLC has acquired the Molded Products Division of Lyle Industries, Inc., a Tier 1 supplier of cargo systems, carpeted trim and molded floors for luxury SUVs and electric passenger cars. The divestiture gives Techniplas new strategic manufacturing locations in the U.S. Southeast and complementary molding process capabilities while Lyle Industries will continue to supply premium carpet to the business.

Gallant Capital Partners made a strategic growth investment in SJV Data Solutions and Wholesale Screening Solutions to combine the businesses into a leading independent people-data platform serving the background screening industry. Founders Scott Vanek (SJV) and Matt Lowers (WSS) and additional management remain material owners and will lead the renamed combined business while advisors Stifel and Baker Tilly Capital advised on the respective transactions.

Boston-based private equity firm Abry Partners acquired Best Lawyers, a provider of peer-reviewed legal rankings and marketing services headquartered in Augusta, Georgia, in a deal that also included Best Lawyers' management team. Levine Leichtman Capital Partners sold the company; financial terms were not disclosed. Abry said the investment will support continued product, technology and geographic growth.

Prometheus Group, a Raleigh-based provider of enterprise asset management (EAM) software, has acquired Ventureforth, an Atlanta-based Oracle partner that builds cloud-based mobile apps and solutions for asset maintenance, supply chain and work management. The acquisition expands Prometheus's mobile and cloud capabilities for Oracle EAM/SCM customers and is the sixth add-on made by Prometheus since its 2019 acquisition by Genstar Capital; financial terms were not disclosed.

GMS Inc. (NYSE: GMS) completed the acquisition of AMES Taping Tools LLC for $212.5 million and also acquired Kimco Supply Company in Florida, while opening a new greenfield location in Johnson City, Tennessee. The transactions expand GMS’s product and geographic footprint—adding automatic taping and finishing tools, a large rental fleet and increased density in the Tampa market.

Traditions Health, a Dorilton-backed national hospice and home health provider, has acquired Homestead Hospice, a Roswell, Georgia–based multi-state hospice operator that runs 26 offices across five states. The add-on strengthens Traditions' southeast footprint—notably in Georgia and South Carolina—and adds a presence in Alabama, expanding Traditions' geographic reach.

Procare Solutions, a leading provider of child care management software, has acquired ChildPlus Software, a specialist in Head Start and early childhood program management. The acquisition expands Procare's product capabilities and extends its reach into federally funded Head Start, EHS, and State Pre-K markets; financial terms were not disclosed.

Mercury Systems acquired Atlanta Micro, a Norcross, Georgia–based designer and manufacturer of high-performance RF modules and MMICs, to expand its RF and microwave component portfolio and deepen penetration in electronic warfare, radar and weapons markets. The all-cash purchase (subject to working capital and net debt adjustments) is expected to add approximately $16 million in trailing revenue and be immediately accretive to adjusted EPS.

ADDvise Group AB (publ) has completed the acquisition of all shares in Southern Life Systems, Inc. (SLS). The purchase price is approximately USD 11.0 million (USD 7.6m initial cash consideration plus potential earn-outs), financed with ADDvise's own funds; SLS reported about USD 11.56 million revenue and ~USD 1.68 million adjusted EBITDA for 2020.

Sentinel Capital Partners has entered into a partnership with RefrigiWear, the Dahlonega, Georgia-based manufacturer of insulated industrial workwear. Terms were not disclosed; the deal will keep the founding family involved while enabling growth initiatives and broader-based employee ownership.

The JOBS Group, together with its Valcourt Building Services subsidiary, acquired Sightline Services, an Atlanta-based exterior building maintenance company. The add-on expands Valcourt/The JOBS Group's footprint and capabilities in Georgia and Alabama, adding window cleaning, glass restoration, pressure washing and high-access services to their regional offering.

Sedgwick has acquired Temporary Accommodations, a provider of temporary housing and related services for displaced insurance policyholders. The acquisition brings Temporary Accommodations into Sedgwick's Property Americas division to expand Sedgwick's end-to-end property claims capabilities, including temporary housing and additional living expense management.

Blackthorn.io has acquired Textey.io, a Salesforce AppExchange SMS solutions provider, to add native SMS messaging and Paylink capabilities to its event management and payments suite. The deal expands Blackthorn.io's engagement channels—enabling SMS-based payment links, improved event attendance and donation engagement—and integrates Textey's Salesforce-native SMS functionality into Blackthorn's product stack.

Qualus, LLC, a provider of engineering and technical field services to utilities, acquired Phoenix Engineering Services, Inc., an Atlanta-area engineering and testing firm. The acquisition expands Qualus’s service offerings—adding relay and substation testing, NERC PRC studies, panel building and utility software development—to strengthen capabilities for utility, municipal, commercial and renewable clients.

LetsGetChecked has acquired BioIQ, an analytics-driven population health and diagnostics company, with BioIQ operating as a wholly owned subsidiary. The deal expands LetsGetChecked’s at-home diagnostics, telehealth and pharmacy capabilities and broadens its reach into health plan, employer and public-sector markets.

Orange Tree Employment Screening, a Tonka Bay Equity Partners portfolio company, has acquired Vericon Resources, Inc., a Georgia-based provider of background screening services. The deal is an add-on intended to expand Orange Tree's client base and capabilities by integrating Vericon's custom solutions with Orange Tree's cloud-enabled screening platform under Tonka Bay's ownership.

Cressey & Company LP led a significant growth investment in Trella Health, with participation from existing investor Panoramic Ventures. The capital will be used to accelerate product and data capabilities, support strategic acquisitions, and fund Trella's continued growth as it expands its healthcare analytics platform.

LiveToBeHappy, Inc. (OTCM: CAVR) has acquired Atlanta-based Trudant Financial Executive Services, an executive consultancy and retained employee services firm. The company also appointed Grant Edwards as CFO (who will lead Trudant as Managing Director); LiveToBeHappy expects Trudant to add revenue and EBITDA, serve as a base for expansion into the Atlanta area, and support a shared services center expected to employ about 50 people over three years.

Arbor Investments has completed a recapitalization of food-ingredient supplier Dr. G's Creations, marking the third platform investment for Arbor Fund V. The partnership will provide capital and operational support to help Dr. G's scale production, add infrastructure and systems, and expand distribution to meet growing demand from large QSRs, casual-restaurant chains and food processors; terms were not disclosed.

Venbrook Group, a Los Angeles-based insurance distribution and services holding company, acquired Alpharetta Underwriters, a specialty Managing General Agent (MGA) in Alpharetta, Georgia that provides Excess & Surplus (E&S) solutions for construction risks. The deal expands Venbrook's portfolio of E&S programs and strengthens its specialty underwriting capabilities for construction and contractor risks.

HC Private Investments (HCPI) announced a strategic growth investment in Customized Distribution LLC (CDI), a Norcross, Georgia-based dedicated logistics and distribution provider serving the quick service restaurant (QSR) industry. Proceeds will fund geographic expansion and a digital transformation into a technology-led logistics, with industry veteran Dick DiStasio joining CDI as Chairman and CEO; founder Marc Gruber transitions to an advisory role.

TA Associates has agreed to make a growth investment in Riskonnect, the integrated risk management software provider, joining majority investor Thoma Bravo which will continue to hold a significant equity stake. The capital will be used to accelerate Riskonnect's product development, go-to-market programs, and global expansion as the company scales its Integrated Risk Management platform.

EmployBridge, a majority-Apollo-backed staffing platform, has entered into a definitive agreement to acquire Hire Dynamics, a leading light-industrial and commercial staffing provider in the Southeastern United States. The deal, which represents an add-on to the EmployBridge platform, will be led post-close by Hire Dynamics CEO Billy Milam and follows MSouth Equity Partners' successful exit.

KT Capital partnered with Dealer Solutions & Design’s senior management to lead a recapitalization of Duluth, Georgia‑headquartered Dealer Solutions & Design (DSD). Parkway Capital (the mezzanine affiliate of Calvert Street Investment Partners), Callodine Strategic Credit, and Pine Street Capital Partners provided subordinated debt and equity to support the transaction and fund DSD’s expansion across the United States.