Acquisitions in Maine in 2025

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).