Acquisitions in Maine

Left Lane Auto, a national tire retail and automotive-service platform and portfolio company of Bertram Capital, has acquired Don Foshay's Discount Tire & Alignment, a six-location automotive repair and tire retail chain based in Portland, Maine. Terms were not disclosed; Left Lane said it will retain management and employees across all locations and the deal brings the platform to over 80 stores across 19 states as it expands into New England.

Mobile Concepts Specialty Vehicles has acquired Molly Corporation, a family-owned manufacturer of the Molly Trolley based in Wells, Maine. The transaction, advised by Generational Group, closed on December 16, 2025 and brings Molly's trolley product line and manufacturing capabilities into Mobile Concepts' specialty vehicle portfolio.

Deck2 Capital, the family office led by Cover Genius co-founder Chris Bayley, has acquired Auto Europe as its first platform investment to kick off an approximately $400 million online travel agency (OTA) roll-up. Deck2 will modernize legacy OTAs using its fully owned operating partner Cove—bringing AI-driven pricing, operational automation and embedded insurance distribution to drive margin expansion and future add-ons.

Closed Loop Partners' private equity arm, Closed Loop Private Equity, has acquired Agri-Cycle, a U.S. organics collection and organics-management services provider. Agri-Cycle collects organic waste from over 2,400 locations across 14 states and will partner with Closed Loop to scale nationally through a buy-and-build strategy, expanding collection, processing and analytics capabilities.

Instem has closed the acquisition of RockStep Solutions, the developer of Climb, a cloud-based non-GLP preclinical study management platform. The deal integrates Climb into Instem’s Provantis suite to provide an end-to-end preclinical solution spanning early discovery, non-GLP and GLP study management and regulatory submission.

COVU, an AI-native insurance servicing platform, has acquired Ford Insurance Agency, a 100+-year-old, family-owned independent agency based in Maine. The deal is COVU's fourth acquisition as it builds a national platform to scale independent agencies while retaining brands and key personnel.

Guidant Power, a Shore Capital‑backed electrical safety and training platform, has acquired Monroe Infrared Technology to expand its infrared thermography, aerial inspection, training, and equipment sales capabilities. Monroe Infrared, based in Brunswick, Maine, will join Guidant's national platform to accelerate growth and broaden services for critical infrastructure, manufacturing, utilities, and commercial clients.

Dead River Co., headquartered in South Portland, Maine, has acquired the oil and propane fuel distribution and service business of Consumers Fuel Co. of Belfast, Maine; the transaction closed on May 6, 2025. Consumers Fuel, a family-owned business founded in 1911 and owned by John Holmes, was advised by Tounge Associates during the sale and will transition operations, customers and employees to Dead River.

World Insurance Associates LLC acquired the business of Healey & Associates (Portland, Maine) effective May 1, 2025. The acquisition expands World’s employee benefits footprint into Maine and adds Healey’s nonprofit-focused benefits expertise to World’s New England capabilities; terms were not disclosed.

O2 Investment Partners, through its pool-care platform Azureon, has made an investment in and partnered with Northern Pool & Spa, a full-service pool maintenance and construction company based in Eliot, Maine. The deal — an add-on to Azureon's platform expansion across the Northeast — will keep Northern management with significant ownership while giving the business access to Azureon's operational support, resources and technology.

The Hilb Group, a Carlyle-backed property & casualty and employee benefits insurance brokerage, acquired a Maine-based property and casualty business effective April 1, 2025. The deal expands Hilb Group’s New England footprint by adding Maine to its portfolio and broadens its P&C offerings in the region.

Factor (Factor Law) has acquired Theory and Principle, a legal technology design and development agency, to accelerate its AI-first legal solutions strategy. The acquisition combines Theory and Principle's user-centered design and engineering capabilities with Factor's AI and contracting expertise to speed deployment of targeted AI solutions for corporate legal departments and law firms.

Aventia, a Bernhard Capital Partners-backed environmental services platform, has acquired St.Germain, an environmental consulting, regulatory compliance, and engineering firm headquartered in Westbrook, Maine. The add-on strengthens Aventia's consulting, engineering and technology capabilities (including St.Germain's Sentry EHS tool), expands its New England geographic footprint, and represents Aventia's fourth acquisition; financial terms were not disclosed.

Sentient Digital, Inc. (SDi) has acquired Maritime Surveillance Associates, Inc. (MSA), a developer of signal processing and mission reconstruction software for the U.S. Navy. The acquisition expands SDi's sonar and acoustics capabilities and supports its push into cloud-based advanced analytics, maritime security, and Foreign Military Sales (FMS).

Wealth Enhancement has acquired VanceGray Wealth Management, an independent RIA that oversees over $409 million in client assets and maintains locations in Bangor and Ellsworth, Maine. The acquisition closed on December 31, 2024, establishes Wealth Enhancement's first location in Maine and increases the firm's total client assets to more than $102.1 billion. The VanceGray team of four advisors and six support staff will join Wealth Enhancement.

Mosaic, through its Living Innovations service, has acquired Momentum, a Maine behavioral health provider that delivers shared living and community-based services for people with intellectual and developmental disabilities. The deal brings Momentum into the Living Innovations/Mosaic network, expanding service reach across Maine, New Hampshire, Rhode Island and Connecticut and aiming to provide greater long-term stability and resources for Momentum's programs and workforce.

Modern America Campgrounds, the largest RV park owner in the Northeast, acquired Thomas Point Beach & Campground, an 80-acre oceanside park in Brunswick, Maine that had been family-owned since 1956. The buyer plans upgrades and expects the park to be open by mid-May 2025; the acquisition expands Modern America's portfolio as it targets 33 parks by next season.

Amuze, a national arcade and amusement solutions company backed by Surge Private Equity, has acquired Ferris Music Service, Inc. and its ATM division Mainely ATMs to strengthen its presence in Maine. The acquisition—financed by WhiteHorse Capital—adds Ferris's more than 1,200 amusement games and 240 ATMs to Amuze's network and will be integrated with Amuze's operating brands including Bar Partners.

Paper Trails, a Maine-based payroll and HR services provider, has acquired Local Economy Payroll of Portland, Maine as founders Tom Gangewer and Jim Belanger retire. The two Local Economy employees will join Paper Trails to ensure a seamless transition for clients and continuity of payroll and HR services across Maine and New England.

Centerbridge Partners has agreed to acquire Precinmac LP, a precision components manufacturer serving aerospace, defense, space and semiconductor equipment markets, from an investor group including Pine Island Capital Partners, Bain Capital's Private Credit Group and Compass Partners Capital. The transaction, announced Oct. 14, 2024, is expected to close in Q4 2024 (reported closed Dec. 2, 2024 by some sources); financial terms were not disclosed.

NCWB, LLC, an acquisition vehicle formed by entrepreneurs Ron and Peggy Davis, purchased family-owned North Country Wind Bells, Inc. The deal closed October 11, 2024, and transfers ownership of the Round Pond, Maine-based maker of American-made recycled-steel wind bells to the new owners.

Fidelity Building Services Group, a Hunt Valley, Maryland-based provider of HVAC, building automation, and energy solutions, has acquired Nason Mechanical Systems, a full-service mechanical contractor headquartered in Auburn, Maine. The acquisition expands Fidelity’s Northeast footprint and strengthens its HVAC/mechanical, plumbing, and energy-efficiency service capabilities across healthcare, education, industrial, and commercial end markets.

Dexter Paine has completed his acquisition of the ECHL’s Maine Mariners from Comcast Spectacor, with the transaction approved by the ECHL Board of Governors. Paine will serve as the team’s Governor while Adam Goldberg is promoted to CEO; the new ownership emphasizes local ties and plans to support the team and fan engagement for the 2024–25 season.

EnviroServe Inc., a national environmental and waste management provider and portfolio company of One Rock Capital Partners, has acquired Environmental Projects, Inc. (EPI), a Maine-based environmental remediation and waste management services provider headquartered in Auburn, Maine. The acquisition is an add-on to the EnviroServe platform that establishes the company’s strategic presence in New England and expands its nationwide network of remediation and waste-handling capabilities.

Sila Services, a multi-brand home services platform, has acquired Dave's World, a Maine-based heat pump installer with more than 20 years of experience and over 11,000 installations across six locations. The add-on expands Sila's New England footprint and strengthens its residential heat-pump installation and home-comfort capabilities in Maine.

Risk Strategies, a North American specialty insurance brokerage, has acquired The Baker Benefit Group, LLC (BBG), a boutique firm focused on designing and servicing Individual Disability Insurance (IDI) and ancillary executive benefits for large employer clients. The acquisition expands Risk Strategies' executive/ancillary benefits capabilities and deepens its service offering for large employer groups primarily in the Northeast.

Stake, the loyalty company for the rental economy, acquired rent payments platform Circa for $9.5 million in cash and stock. The deal integrates Circa’s payments technology and collections capabilities (branded Get Current) into Stake’s renter banking, loyalty, and incentive platform to deliver no-fee rent payments with instant Cash Back and industry-first delinquency management.

Onfolio Holdings Inc. has entered into an agreement to acquire a 66% majority interest in the assets of SEO Marketing Inc., which does business as DDS Rank, with Onfolio's special purpose vehicle (Onfolio Agency SPV LLC) taking the remaining minority stake. DDS Rank, a dental-focused digital marketing and SEO provider based in Hampden, Maine, generated roughly $310,000 in 2023 revenue (approximately 91% recurring) and was acquired for $600,000; Onfolio expects to materially grow revenue and EBITDA through marketing and operational improvements.

Heritage Links, a division of Little Rock-based Lexicon, Inc., has acquired Environmental Solutions, a Maine-based golf course irrigation, drainage, site design, and construction firm. The deal expands Heritage Links’ geographic footprint and technical capabilities in golf course construction and maintenance; terms were not disclosed.

Everon (formerly ADT Commercial) acquired all outstanding stock of Portland Safe, Inc., a Maine-based authorized dealer and service provider of NCR ATMs and ITMs. The purchase, sold by co-owners Brian Sevit and John Fecteau, expands Everon's commercial security footprint and customer base across Maine and New Hampshire; Portland Safe's co-owner Brian Sevit will remain to help lead the business under Everon's ownership.

Eberl Claims Service has acquired Colonial Adjustment, Inc., a New England–focused independent adjusting firm, effective March 15, 2024. The deal expands Eberl's national footprint with an emphasis on the Northeast and provides Colonial access to Eberl's technology, training resources and wider adjuster/repair network.

Senske Services has acquired Turf Doctor, a professional lawn care and pest control provider based in Augusta, Maine. Turf Doctor — founded by Michael Russo in 1997 — will continue operating under its brand as part of Senske’s Blades of Green division as Senske expands its northeast footprint.

Autoagent Data Solutions has acquired MuniciPAY to expand its municipal payment gateway and consolidate incoming revenue solutions for county and local governments. The deal broadens Autoagent's citizen payment capabilities across utilities, parking, DMV fees and other municipal payments; Stella Point Capital, Autoagent’s majority equity investor since 2021, commented on the strategic fit.

Destination Pet, a national pet-resort and veterinary platform, has acquired Roscoe's Bed + Bark, a Portland, Maine-based dog daycare, boarding and grooming operator. Madison Street Capital advised Roscoe's Bed + Bark on the undisclosed transaction as Roscoe's joins Destination Pet's nationwide network to expand its pet care footprint.

Medix Biochemica has acquired 100% of ViroStat LLC, a US-based manufacturer of infectious disease antibodies and antigens, expanding Medix's IVD raw materials portfolio and scientific capabilities. ViroStat will continue operating in Westbrook, Maine, and its employees and leadership (including President Dr. Douglas McAllister and General Manager Duncan McAllister) will join Medix Biochemica.

North Branch Capital, a Chicago-area private equity firm, has acquired a majority ownership stake in STARC Systems, a Brunswick, Maine-based manufacturer of reusable temporary modular wall containment solutions. The investment will fund product innovation and expansion into new end markets including data centers, airports and life science labs.

Nouria Energy Corp. acquired the assets of H.A. Mapes Inc., adding 13 owned series locations, nine former Harry’s convenience stores and additional dealer sites to its New England retail and dealer network. In a simultaneous, related transaction, Brown Bear Co. purchased H.A. Mapes' transportation business; Matrix Capital Markets advised H.A. Mapes on the sale.

Netsurit, a New York–based managed service provider, has acquired Vital I/O, an MSP headquartered in Brunswick, Maine. The deal expands Netsurit’s US footprint across the Northeast / New England and strengthens its managed and cloud services capabilities for SMB clients in the region.

Marsh McLennan Agency (MMA), a subsidiary of Marsh, has acquired Clark Insurance, a full-service independent insurance agency headquartered in Portland, Maine; the transaction also includes Haberman Insurance, which Clark acquired in 2021. The deal brings all 135 Clark employees (plus Haberman staff) into MMA and expands MMA's presence across New England with Clark's offices in Maine, New Hampshire and Massachusetts.

EarthWise Pet has acquired six Loyal Biscuit pet supply stores across Maine from owner Heidi Neal. The deal expands EarthWise Pet's local footprint in Maine and aims to preserve Loyal Biscuit’s community-focused services while adding employee benefits and additional services like grooming and certified pet dietitian consultations.

Salt Creek Capital has acquired Power Gripps USA, dba Versa Gripps USA, the Sorrento, Maine-based manufacturer of American-made weightlifting grips and accessories, from founders Mike and Heather Parker. The deal brings Salt Creek (with backing/financing from LO3 Capital SBIC reported by other sources) ownership of the business to support the next stage of growth under incoming CEO Lester Lee.

AccuRisk, part of Ardonagh Global Partners, has acquired Matrix Group Benefits, a Portland, Maine-based managing general underwriter (MGU) specializing in medical stop-loss for partially self-funded employer plans. The Matrix team of about twelve will be integrated into AccuRisk’s staff in Portland as part of Ardonagh's North American expansion and to expand AccuRisk's stop-loss capabilities and intellectual capital.

Class Valuation, a Troy, Michigan-based appraisal management company, has acquired Property Val, LLC, a Freeport, Maine appraisal management/residential appraisal firm. The acquisition expands Class Valuation’s presence and appraisal capacity in Maine and the New England market and bolsters its regional appraisal panel and market-data capabilities.

Prima has acquired Prospect Farms, a vertically integrated USDA Certified Organic hemp farm and manufacturing complex in Prospect, Maine, and together the businesses will operate as Uplifter Brands, PBC. The deal gives Prima in-house cultivation, formulation and fulfillment capabilities to accelerate growth across personal care, supplements, spa/hospitality and pet wellness and is backed by strategic investors including Maximalist, Greycroft, Lerer Hippeau, Global Founders Capital, Ropart Asset Management and Platform Ventures.

Dead River Company acquired Maine Energy Company in September, marking the end of three generations of family ownership after owner Robert Cort’s retirement. The acquisition is an add-on to Dead River’s regional heating-fuel platform (which is PE-backed by Redwood Capital Investments) and will rebrand Maine Energy offices under the Dead River name while consolidating local heating oil and propane operations in the Bangor area.

Accenture has acquired The Beacon Group, a Portland, Maine–based growth strategy consulting firm. Beacon's team of more than 60 growth strategy, market modeling and M&A advisory experts will join Accenture Strategy, deepening Accenture's capabilities in market modeling, targeting and inorganic-growth advisory.

Minuteman Security Technologies, Inc. (DBA Minuteman Security and Life Safety) acquired Inlution Inc., a systems integrator based in Presque Isle, Maine. The acquisition expands Minuteman's presence in northern Maine and strengthens its footprint across the Northeast for integrated security, communications and life-safety systems.

Diodes Incorporated has completed the acquisition of onsemi's South Portland, Maine wafer fabrication facility and operations (SPFAB). The transaction transfers SPFAB employees to Diodes and includes a multi-year wafer supply agreement under which Diodes will continue manufacturing onsemi products while Diodes ramps additional CMOS and BiCMOS capacity to support automotive and industrial end markets.

Diodes Incorporated has completed the acquisition of onsemi’s operational 200mm wafer fabrication facility in South Portland, Maine (SPFAB). The divestiture allows onsemi to redeploy production to other fabs as part of its fab-liter strategy while Diodes gains U.S. 200mm capacity to support growth in automotive and industrial end markets.

Funds affiliated with Clayton, Dubilier & Rice (CD&R) and TPG Capital agreed to acquire all outstanding shares of Covetrus for $21.00 per share in cash, implying an enterprise value of approximately $4.0 billion. The transaction, which closed in October 2022, takes Covetrus private; the company will continue to be led by CEO Benjamin Wolin and remain headquartered in Portland, Maine.