Acquisitions in Hawaii in 2023

IntelliBridge, a portfolio company of Enlightenment Capital, has acquired RevaComm, Inc. (RVCM), a Hawaii-based digital transformation firm specializing in agile DevSecOps, cloud solutions, and cybersecurity for federal civilian and defense agencies. The deal adds nearly 200 software, cyber, and design professionals and RVCM's SBIR/IDIQ contract vehicles to IntelliBridge's capabilities, strengthening its offerings to DoD and FedCiv customers.

USI Insurance Services has acquired Honolulu-based Cavanah Associates, Inc., an independent brokerage specializing in commercial and personal risk insurance. The undisclosed transaction establishes a Hawaii-based presence for USI and strengthens its commercial and personal risk insurance capabilities by integrating Cavanah's local team into the USI platform.

QE Solar, backed by private equity firm 424 Capital, acquired Tritium3 Renewable Services (Tritium Enterprises, LLC) of Honolulu, Hawaii. The add-on expands QE's operations & maintenance capabilities into utility-scale solar and battery energy storage (BESS), adding ~300 MW of O&M assets in Hawaii and supporting QE's growth to over 4 GW of assets under management.

Imperial Dade, a Jersey City–based distributor of foodservice packaging and janitorial supplies, has acquired Triple F Distributing, the market-leading Hawaii distributor of foodservice packaging, janitorial supplies and sustainable packaging. The transaction — Imperial Dade's 65th acquisition — expands the buyer's geographic footprint into the Hawaiian Islands; financial terms were not disclosed and Triple F's management will remain in place.

PRA, a Chicago-based business events firm and portfolio company of EagleTree Capital, has acquired Hawai‘i-based destination management company Weil & Associates. The deal brings Weil’s local team and destination expertise into PRA’s platform as PRA Hawai‘i, expanding PRA’s capabilities in the incentive and Hawaiian markets.

ProService Hawaii has acquired Makai HR, a Hawaii-based HR administration and PEO provider that serves roughly 200 client employers (about 4,000 worksite employees). Makai's staff and executive team will join ProService Hawaii, expanding ProService's local client base and HR/PEO capabilities and supporting accelerated technology development.

Silver Lake has partnered with the ProService management team and employee owners to invest in ProService, a Hawaii‑headquartered provider of bundled HR and PEO services. The transaction represents FFL Partners' exit after a six‑year partnership during which ProService grew roughly 2.5x; Silver Lake will support expansion of the company's technology and insurance capabilities and broader market growth.

ALKEME, a Top-50 insurance brokerage backed by GCP Capital Partners, has acquired ACW Group, a Honolulu-based property and casualty insurance agency with offices in San Francisco and La Quinta, California. The acquisition brings ACW's team of more than 20 licensed agents into ALKEME's platform, expanding ALKEME's geographic footprint into Hawaii and bolstering its presence in California.

BrightView Holdings, Inc. (NYSE: BV) acquired Island Plant Company, LLC, a Maui-based landscape maintenance, installation, and design firm. The acquisition expands BrightView's commercial landscaping presence in Hawaii and supports succession planning for Island Plant's founders; financial terms were not disclosed.