Acquisitions in Louisiana in 2021

Titan Holdings (through its Renuity platform) has acquired MaxHome, a Jefferson, Louisiana-based bathroom and window remodeler. The add-on expands Titan/Renuity's national footprint across the Gulf Coast and strengthens its portfolio of home improvement operating divisions.

Specialty Welding and Turnarounds (SWAT), a portfolio company backed by ORIX Capital Partners and Hastings Equity Partners, has acquired Midwest Cooling Tower Services (MWCTS) from Dorilton Capital. The acquisition adds mission-critical cooling tower inspection, maintenance, repair, parts distribution and rental capabilities to the SWAT platform; Midwest is headquartered in Krotz Springs, Louisiana and employs approximately 450 people.

First Fertility, a nationwide fertility operator, has acquired The Fertility Institute of New Orleans, bringing the Louisiana-based clinic into its growing network of centers. The acquisition expands First Fertility’s footprint in the Southern United States and increases patient access to reproductive care across Louisiana.

AmerCareRoyal, backed by HCI Equity Partners, acquired Ross & Wallace Paper Products, a Hammond, Louisiana manufacturer of paper grocery and merchandise bags. The acquisition — AmerCareRoyal's seventh add-on since HCI's initial investment — closed on September 23, 2021; financial terms were not disclosed.

ADT Inc. completed its acquisition of Sunpro Solar from a group of private equity investors (led by Compass Group Equity Partners and including TGP, MGG and Millstone) for $160 million in cash plus approximately 77.8 million ADT shares ( ~ $825 million implied value). Sunpro — a rooftop solar installer with ~3,600 employees operating 56 locations in 22 states — will be rebranded as ADT Solar, with founder Marc Jones and the Sunpro management team leading the new business to expand ADT's smart-home and energy offerings.

Krispy Krunchy Chicken received a strategic growth investment from private equity firm Main Post Partners to support the branded convenience-store foodservice program’s next phase of growth. The investment will help scale the Krispy Krunchy brand, expand awareness and further develop its multi-location, store-in-store franchise/licensing footprint across the U.S.

DIF Capital Partners, through its DIF Infrastructure VI fund, has completed the acquisition of Bernhard, LLC — the largest privately owned Energy-as-a-Service (EaaS) provider in the United States — from Bernhard Capital Partners Management, LP. Senior management will retain meaningful ownership and Bernhard will serve as a core part of DIF’s U.S. EaaS strategy as the company continues to scale.

Gulf Island Fabrication, Inc. acquired the services and industrial staffing businesses ("DSS") of Dynamic Industries, Inc. for $8.0 million in cash. The purchase expands Gulf Island's services offerings (including coatings, scaffolding and specialty services), nearly doubles its craft labor headcount and extends its geographic footprint into South Texas and Western Louisiana.

Acuren, a portfolio company of American Securities, has acquired Premium Inspection & Testing Group from Calvert Street. Premium, headquartered in Baton Rouge, Louisiana, provides nondestructive testing (NDT), inspection, rope access, drone/robotic and calibration services and will join Acuren's broader network to expand service capabilities and geographic coverage.

PowerSchool has signed a definitive agreement to acquire Kickboard, a provider of K-12 behavior management and social-emotional learning (SEL) software, to integrate Kickboard’s capabilities into PowerSchool’s Unified Classroom. The acquisition is intended to give educators a more comprehensive view of student behavior and wellbeing by combining behavior management, SIS, LMS, and analytics; Kickboard and PowerSchool will continue to operate separately until the transaction closes.

V&A Capital’s portfolio company Federal Steel Supply has acquired Process Piping Materials (PPM) from its original founders, who will remain involved in the business. The add-on expands FSS’s geographic footprint and product offering across industrial end-markets, with financing provided by Webster Business Credit Corporation.

Convergint, a global systems integrator, has acquired Simpson Security Systems, a Louisiana-based security systems integrator that provides fire alarm, access control, and video surveillance across multiple Southeastern states. The acquisition adds over 75 Simpson employees and expands Convergint's service footprint and local capabilities across the Southeast and Central United States.

Frankston Packaging, a KLH Capital–backed packaging manufacturer based in Frankston, Texas, has acquired Custom Printed Products, a Bossier City, Louisiana maker of flexible packaging and specialty labels. The deal expands Frankston's product offering, adds capacity, and opens new end markets including food & ingredient, lubricant, and chemical customers across North America.

Sev1Tech, a PE-backed provider of IT modernization, cybersecurity and cloud services, has completed the acquisition of Geocent, a DevSecOps and engineering services firm serving U.S. federal customers. The deal — supported by Sev1Tech backers DFW Capital Partners and Enlightenment Capital — expands Sev1Tech's capabilities in space/scientific engineering, AI/ML, and strengthens its presence across Department of Homeland Security and other federal mission areas.

One80 Intermediaries, a national wholesale broker and program manager headquartered in Boston, has acquired Equity Partners Insurance Services, Inc. (EPIS), a Slidell, Louisiana-based managing general agent and wholesaler specializing in commercial and personal lines. The deal expands One80’s footprint across the Gulf region; terms were not disclosed.

Clavis Capital Partners and Dobbs Management Services completed a strategic growth investment in Click Here Digital to support the agency’s expansion of personnel, technology and market penetration. Founder and CEO Bo White will remain in place as the partners help accelerate capability development and geographic and sector expansion.

USI Insurance Services acquired Gretna, Louisiana-based Daul Insurance, an independent risk management and employee benefits agency founded in 1960. The deal joins Daul’s local client relationships and expertise with USI’s national brokerage platform and resources; terms were not disclosed.

The Manitowoc Company, Inc. has completed the acquisition of the crane business of H&E Equipment Services, Inc. for approximately $130 million. The acquired business will operate under Manitowoc’s wholly-owned subsidiary MGX Equipment Services, LLC and adds fourteen full‑service branch locations plus field service technicians to expand Manitowoc’s aftermarket capabilities and regional footprint.

Kepro has completed the acquisition of eQHealth Solutions, adding the company's population health management technology and medical management services to Kepro's portfolio. The deal expands Kepro's cloud-based offerings (including eQSuite) and community-based services (eQCare) to strengthen its population health management and technology capabilities for government and commercial payers.

Procore Technologies has signed a definitive agreement to acquire Levelset for approximately $500 million in a mix of cash and Procore stock. The acquisition adds lien rights management and payment/compliance capabilities to Procore's construction platform and gives Procore access to Levelset's payment and compliance data to develop risk intelligence and future financial products.

Arthur J. Gallagher & Co. announced the acquisition of Files Agribusiness, LLC, a Bastrop, Louisiana-based retail insurance agency specializing in Federal Crop Insurance and agribusiness property/casualty coverages. Financial terms were not disclosed; John Files and his associates will remain in place and operate under Gallagher's Mid-South region leadership to strengthen Gallagher's agribusiness capabilities and geographic reach in the Federal Crop Insurance market.

The XLerate Group has acquired Greater Shreveport-Bossier Auto Auction (GSBAA), adding the Shreveport, Louisiana-based dealer auction to its portfolio as part of its ongoing roll-up strategy. GSBAA will continue to be operated locally by Matt Chiasson as general manager while XLerate integrates the facility into its network to expand footprint and service offerings across the region.

Funds advised by SK Capital Partners acquired a majority interest in the Monomers, Polymers and European businesses of Deltech Holdings LLC. Deltech CEO and founder Bob Elefante retains a significant ownership stake and will remain actively involved; the business employs about 135 people across Baton Rouge (headquarters), Troy, Ohio and Haverhill, United Kingdom.

Louisiana-based H2O LLC acquired the assets and brand of BOSS Separators from Recovery Energy, Inc.; the BOSS brand will become a product line of H2O and Recovery Energy general manager Matt Adams will remain head of the BOSS product line. The deal expands H2O's water-treatment product portfolio for marine and offshore oil & gas customers and enables broader market access and enhanced engineering capabilities for the BOSS line.

Carousel Capital has invested in HUB Enterprises, a Broussard, Louisiana-based security and insurance defense investigations firm, and will combine it with its existing portfolio company, Ethos Risk Services. The deal creates a larger, technology-enabled claims and investigations platform intended to expand fraud and risk mitigation capabilities and accelerate national growth.

MidOcean Partners, a New York-based middle-market private equity firm, has acquired Louisiana Fish Fry, a Baton Rouge-based manufacturer of Louisiana-inspired seasonings, coatings, sauces and bases. The seller was an affiliate of Peak Rock Capital; MidOcean said it will pursue organic growth and strategic M&A to expand distribution, product development and market reach. Financial terms were not disclosed.

A&R Logistics, a portfolio company of Wind Point Partners, has acquired RJ's Transportation, a Port Allen, Louisiana-based provider of bulk liquid transportation and related trucking services. The add-on strengthens A&R's liquid chemical platform and expands its Gulf Coast geographic coverage while RJ's founder and president will remain involved in the combined business.

Kinderhook Industries partnered with management to recapitalize Live Oak Environmental, a regional solid waste collection and special waste hauling business based in Bossier City, Louisiana. The recapitalization will support an aggressive growth plan — including targeted add-on acquisitions across Northwestern Louisiana and East Texas — with financing provided by Comerica Bank; financial terms were not disclosed.

QIC and Ullico have completed the acquisition of CenTrio (formerly Enwave Energy US), the largest pure-play district energy platform in the United States. CenTrio is headquartered in New Orleans, operates district heating, cooling and power systems across major U.S. cities serving more than 400 buildings, and will leverage the new investors to accelerate geographic expansion and growth of its sustainable energy capabilities.

Pittsburgh-based private equity firm Incline Equity Partners has acquired Edko, a Bossier City, Louisiana-based provider of herbicide-based vegetation management services for utilities, municipalities and other rights-of-way operators. Incline said it will partner with Edko's management to expand geographic coverage and service offerings through organic initiatives and acquisitions.

MAX Environmental Holdings, a portfolio company of Altus Capital Partners II, L.P., has acquired LEI, Inc., a Gulf Coast recycling and waste management services provider. The add-on expands MAX’s geographic reach into the Gulf Coast, adds recycling capabilities and access to permitted facilities; financial terms were not disclosed.

World Insurance Associates LLC (WIA), a national insurance brokerage headquartered in Tinton Falls, New Jersey, acquired Crossland Insurance Agency of New Iberia, Louisiana on July 1, 2021. The deal expands WIA's personal and commercial insurance footprint and brings Crossland's transportation-focused commercial insurance book into WIA's platform; terms were not disclosed.

Propelled Brands, the multi-brand franchising platform behind FASTSIGNS and NerdsToGo, has acquired Suite Management Franchising, LLC, the parent company of MY SALON Suite and Salon Plaza. The deal brings roughly 201 salon suite locations across 34 states (and 2 countries) into Propelled Brands' portfolio to accelerate growth of the salon-suite franchising business.

BayMark Health Services has acquired New Day Recovery, a residential and office-based opioid treatment provider based in West Monroe, Louisiana. The acquisition expands BayMark’s residential treatment footprint and continuum of care in Louisiana by adding New Day’s residential facilities, OBOT program, and intensive outpatient services to BayMark’s network.

Vecta Environmental Services, a Cotton Creek Capital portfolio company, has acquired Specialized Technologies, LLC (SpecTech), an industrial services provider headquartered in Sulphur, Louisiana. The add-on expands Vecta's chemical cleaning and degassing capabilities, increases scale and customer density along the Gulf Coast, and adds another operating location to Vecta's footprint.

McKim & Creed acquired GSA Consulting Engineers, Inc., an engineering firm based in Gonzales, Louisiana, to expand its services and geographic footprint into Louisiana. GSA’s staff and capabilities in water/wastewater, hydraulic, transportation and civil/site design will integrate into McKim & Creed’s multidisciplinary engineering platform; the founder Glenn G. Shaheen will join as vice president and regional manager.

Chicago-based Granite Creek Capital Partners and Evanston-based Clover Capital Partners announced a growth investment in New Orleans-based Big Easy Blends, a manufacturer of single-serve pouched frozen beverages and novelties. The capital will be used to expand production capacity, broaden sales and marketing efforts, and support product development and facility expansion.

Watsco, Inc. completed the acquisition of Acme Refrigeration, a Baton Rouge-based distributor of HVAC and refrigeration products. Acme operates 18 locations across Louisiana and Mississippi and generated approximately $60 million in revenue in 2020; Watsco said the deal supports its buy-and-build strategy to expand its HVAC/R distribution footprint.

The JF Petroleum Group, a MidOcean Partners portfolio company, has acquired Rittiner Equipment Company, a New Orleans–based full-service petroleum equipment distributor and service provider. The add-on expands JF Petroleum Group's footprint and service capabilities across the U.S. Gulf Coast, enhancing its ability to serve fueling equipment and construction needs in key markets.

General Informatics, a Rosewood Private Investments–backed IT managed services platform, has acquired substantially all assets of the PC Sales and Managed Services Division of EMCO Technologies. The division — including its employees and clients based in Baton Rouge, Louisiana — will join the GI platform to expand regional managed services, consulting, network support and hardware/software sales capabilities.

Atlanta-based Mammoth Holdings has acquired Ollie's Car Wash, a three-unit express conveyor car wash operator in Louisiana. The founders, Brady and Melissa Walton, sold the business and each rolled a significant portion of proceeds into equity of Mammoth, which is backed by Red Dog Equity.

Higginbotham, a Fort Worth-based independent insurance and financial services firm, has partnered with Baton Rouge-based First Louisiana Insurance to establish its second office in Louisiana. First Louisiana’s founder Jack Harless will become a managing director and will continue leading the local team of nine insurance professionals as part of Higginbotham’s strategic regional expansion.

Trinity Health acquired a majority ownership stake in Premier Health, a national operator of health system‑branded urgent care clinics headquartered in Baton Rouge, Louisiana. Under the partnership Premier Health will operate about 20 existing Trinity Health urgent care locations and plans to significantly expand its urgent care footprint across multiple states to improve access and integrate urgent care with Trinity's broader care network.

Hub International Limited acquired the assets of The Juban Insurance Group, an independent insurance agency based in Baton Rouge, Louisiana. The acquisition expands Hub's presence in Louisiana and the Gulf South and brings Phillip Juban and his team into Hub Gulf South to strengthen Hub's commercial auto, real estate, and personal insurance capabilities.

Southern Towing Company, an affiliate of CC Industries, has acquired Devall Towing from the Devall family. Devall — a Sulphur, Louisiana–based towboat and barge operator focused on specialty chemicals with a fleet of 36 towboats and 125 liquid tank barges — will operate as a new division of Southern Towing, with existing management remaining in place.

Shutterstock, Inc. entered into a definitive agreement to acquire TurboSquid, the world's largest 3D marketplace, for $75 million in cash. The acquisition expands Shutterstock's 3D, AR and VR content capabilities and integrates TurboSquid's marketplace and SaaS digital asset management offerings into Shutterstock's creative platform.

Liebman Group and family office Black Cliffs Partners acquired a majority interest in Pine Island Chemical Solutions, a Lafayette-based oilfield chemical manufacturer and service provider. The transaction is a recapitalization that leaves existing senior management with a significant minority stake and provides capital to support add-on acquisitions and organic geographic expansion.

Nivel Parts & Manufacturing Co. LLC acquired High Lifter Products, Inc., a U.S.-based manufacturer of ATV/UTV performance accessories headquartered in Shreveport, Louisiana. The deal expands Nivel’s UTV division product portfolio and technical capabilities — High Lifter brings lift kits, tires/wheels, axles, snorkels, a strong premium brand and the Mud Nationals event to Nivel’s portfolio. High Lifter operated ~95 employees at a 52,000 sq. ft. facility prior to the transaction.

SchoolMint, a PE-backed provider of Strategic Enrollment Management and K-12 behavior solutions, has acquired Whetstone Education, a New Orleans-based teacher observation and instructional coaching platform. The acquisition expands SchoolMint's classroom coaching and positive behavior capabilities, enabling broader support for K-12 districts, teachers and hybrid/virtual learning environments.

Southern Scripts received a $100 million capital commitment from Water Street Healthcare Partners to accelerate growth of its transparent pharmacy benefit management (PBM) model. Water Street will join the company's investors and board, supporting technology enhancement, service expansion and a national footprint extension while Southern Scripts' founders and management remain in place.