Acquisitions in Hawaii in 2021

Gladstone Capital Corporation completed a senior debt and minority equity investment in WB Xcel Holdings, LLC (Xcel), a Hawaii-headquartered surf and watersports apparel and equipment brand. The capital will provide balance sheet flexibility, fund growth initiatives and support the company’s international expansion plans.

Core & Main, Inc. (NYSE: CNM) has completed the acquisition of Pacific Pipe Company, Inc., a Hawaii-based distributor of water, wastewater, storm drainage and irrigation products. The transaction expands Core & Main's geographic footprint into Hawaii and is the company's 13th acquisition since becoming independent in 2017.

CBB Bancorp, Inc., the holding company of Commonwealth Business Bank, has completed its acquisition of Ohana Pacific Bank, adding two branch locations in Honolulu, Hawaii. The deal expands CBB's geographic footprint into Hawaii and is expected to provide new sources of core deposit and loan growth while Ohana continues to operate as a division under its existing leadership.

Keysight Technologies has completed the acquisition of Sanjole, a provider of protocol decoding and interoperability test solutions for 4G, 5G and other wireless technologies. The deal augments Keysight’s 5G test and measurement portfolio by adding Sanjole’s hardware and software capabilities to help customers troubleshoot complex wireless protocol and interoperability issues; terms were not disclosed.

Anaqua, a provider of intellectual property management software, has acquired Quantify IP, a developer of global IP cost-estimating software, to integrate advanced cost budgeting and forecasting tools into its IP management platform. The acquisition expands Anaqua's product capabilities by adding Quantify IP's Global IP Estimator and Portfolio Estimator for law firms and corporate IP teams.