Acquisitions in Maine in 2023

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.