Tracked deals
105
105 tracked deals across 2025.
Tracked deals
105
105 tracked deals across 2025.
Buyer mix
Mixed buyer set
89 strategic · 45 pe
Top trend
Volume peaked in 2021
137 tracked deals announced in 2021.
Buyer Snapshot
Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| Brookside Capital Partners | 2 | Provider of flexible capital solutions (senior/subordinat... | PE |
| Kinderhook Industries | 2 | Private investment firm focused on middle‑market business... | PE |
| MAI Capital Management | 2 | Registered investment adviser and wealth-management conso... | Strategic |
| Orchard Mental Health Group | 2 | Operator of outpatient mental health clinics offering the... | Strategic |
| Pye-Barker Fire & Safety | 2 | Largest fully integrated U.S. provider of fire protection... | Strategic |
| A&M Capital Partners (Alvarez & Marsal Capital) | 1 | Multi-strategy private equity firm focused on middle-mark... | PE |
| ALKEME | 1 | Full-service insurance brokerage providing commercial and... | Strategic |
| Ad Populum | 1 | Brand- and company-portfolio operator focused on pop-cult... | Strategic |
| AlphaCore Wealth Advisory | 1 | Independent registered investment advisory firm providing... | Strategic |
| Alpine Investors | 1 | People-first private equity firm investing in software an... | PE |
Last 10 years
Supporting Data
MAI Capital Management has acquired Columbia, Maryland-based Lowe Wealth Advisors, a registered investment advisor with $527 million in assets under management. The deal expands MAI’s footprint in the Mid-Atlantic — adding Lowe’s nine-person, boutique, family-led practice and its niche client base while transitioning the firm onto MAI’s national platform; terms were not disclosed.
Mercer Advisors, a Denver-based national RIA, has acquired Glass Jacobson Wealth Advisors, a Baltimore-based wealth management firm overseeing approximately $1 billion in assets under management. The deal expands Mercer's Mid-Atlantic footprint and brings Glass Jacobson's tax-integrated wealth management capabilities onto Mercer's national platform.
Reliable Energy Partners, a propane distribution platform owned by Soundcore Capital Partners, has acquired Economy Propane, a bulk-propane distributor headquartered in Baltimore, Maryland. The add-on expands Reliable’s footprint into the Mid-Atlantic and broadens the platform’s capabilities into bulk propane distribution to serve residential, commercial and industrial customers.
Aretum announced its acquisition of Veterans Engineering, a federal technology solutions provider serving the U.S. Department of Veterans Affairs and other federal clients. The deal expands Aretum’s cloud delivery, cybersecurity, and digital transformation capabilities and positions the combined organization for continued growth across federal and state government markets.
AutoNation, Inc. acquired Jerry's Toyota from Jerry's Automotive Group, effective December 8, 2025. The dealership — renamed AutoNation Toyota White Marsh — represents roughly $123 million in annual revenue, about 2,600 annual retail unit sales and adds approximately 110 associates, strengthening AutoNation's footprint in the Mid-Atlantic and marking its first Toyota store in Maryland.
Creative Planning has acquired North Bethesda–based Burt Wealth Advisors, adding approximately $1 billion in assets under management to its platform. The acquisition expands Creative Planning's footprint in the Washington, D.C. area and gives Burt Wealth clients access to Creative Planning's broader wealth, tax, trust, and family office services.
Dycom Industries has entered into a definitive agreement to acquire Power Solutions for a total valuation of $1.95 billion. The transaction is expected to close before the end of Dycom’s fiscal year, pending customary approvals, and will expand Dycom’s presence in mission-critical data center infrastructure through Power Solutions’ electrical contracting capabilities.
Legence has signed a definitive agreement to acquire The Bowers Group, a mechanical contractor based in Beltsville, Maryland, for approximately $475 million. The deal is designed to expand Legence’s mechanical fabrication footprint and deepen its reach into data center, technology, healthcare, and life sciences end markets, with closing expected in the first quarter of 2026.
MAI Capital Management, a Cleveland-based registered investment adviser, has acquired Court Place Advisors, an Ellicott City, Maryland RIA with $366 million in assets under management. The deal expands MAI’s Mid‑Atlantic footprint and adds $366 million to the firm’s AUM; terms were not disclosed.
London-based Reconomy has acquired Integrated Waste Analysts (IWA), a Hanover, Maryland industrial waste-management and recycling services provider, through its North American platform Lincoln Waste Solutions by Reconomy. The deal, IWA being the seventh add-on to the Lincoln platform, expands Reconomy's U.S. capabilities in data-driven waste services, equipment rental and commodity management as it scales across North America.
Diversis Capital has made a strategic growth investment in Kermit, a Brooklandville, Maryland‑based physician preference item (PPI) spend management and analytics platform. The capital will fund Kermit's geographic expansion across the United States, United Kingdom and Ireland and accelerate development of AI‑powered analytics and predictive capabilities to help hospitals control implantable device spend.
Safe Harbor Marinas closed its acquisition of Port Annapolis (a 16-acre, 250-slip marina and boatyard) on November 11, 2025, adding the facility to its global portfolio. As a result, subsidiary Bluewater Yacht Sales will relocate operations to the Port Annapolis site to expand storage, service capabilities, and yacht sales presence in the Annapolis/Chesapeake Bay market.
Miller Environmental Group, a Coalesce Capital portfolio company, has acquired ACE Environmental Services, a full-service environmental contractor operating throughout the Mid-Atlantic. The deal expands Miller's Mid-Atlantic footprint and capabilities in remediation, emergency response, tank management and industrial cleaning as part of its disciplined consolidation strategy.
Omega Systems, a managed IT and cybersecurity provider, has acquired PEAKE Technology Partners, a Bowie, Maryland-based healthcare managed services provider, to deepen its HIPAA compliance, EHR and clinical AI capabilities and expand its Mid-Atlantic healthcare footprint. The deal is Omega's first acquisition since partnering with Revelstoke Capital Partners in January 2025 and is intended as an add-on to accelerate healthcare-focused managed services growth.
Frazier & Deeter has completed its acquisition of Rosen, Sapperstein & Friedlander, LLC (RS&F), a Towson, Maryland–based CPA and advisory firm serving family offices, ultra-high-net-worth families, and middle-market organizations. The deal expands Frazier & Deeter's Mid-Atlantic footprint and broadens its advisory capabilities across industries including real estate, healthcare, government contracting, construction, manufacturing and technology.
Ambac Financial Group has completed its acquisition of ArmadaCare, a supplemental health insurance program manager, from SiriusPoint Ltd. ArmadaCare will operate as a wholly owned subsidiary of Ambac with its existing leadership team retained, bolstering Ambac’s accident and health capabilities and distribution footprint.
AlphaCore Wealth Advisory has announced the acquisition of SPC Financial, a Rockville, Maryland-based wealth advisory and tax services firm. The deal adds about $1.5 billion in client assets and nearly 40 professionals, expanding AlphaCore’s East Coast footprint and strengthening integrated tax-wealth planning capabilities.
Electro-Mechanical, LLC acquired Powercon Corporation, a premium provider of custom-designed medium voltage switchgear, e-houses, and modular substation power systems. The deal strengthens Electro-Mechanical’s medium voltage switchgear and integrated solutions offering for utility, data center, and critical infrastructure customers.
Federated Hermes, Inc. agreed to acquire an 80% majority interest in FCP Fund Manager, L.P. (FCP), a U.S. multifamily real estate investment manager based in Chevy Chase, Maryland. The transaction (up to $331 million) is intended to expand Federated Hermes’ private markets/alternatives and grow its U.S. real estate capabilities, while FCP’s team continues to manage portfolios from existing locations.
Eudia, an AI-native platform for in-house legal teams, has acquired Out-House, a specialized legal services provider founded by Lynden Renwick. The deal brings Out-House's Fortune 500-focused legal operations and contracting expertise into Eudia's hybrid human+AI offering, with Lynden Renwick joining Eudia's leadership to expand enterprise service lines.
Astra Service Partners, a division of Orion Group and portfolio company of Alpine Investors, has made an investment in Knott Mechanical, Inc. SC&H Capital advised Knott Mechanical on the transaction. Knott Mechanical, founded in 2002, provides mechanical and HVAC maintenance, repair and retrofit services to over 1,700 buildings across the Mid-Atlantic.
Family Office of America, Inc. (FOFA), through its subsidiary Family Office of Maryland, has acquired Toone & Associates, a Maryland-based CPA firm. The deal launches FOFA's roll-up strategy to expand into accounting and tax services for high-net-worth individuals and families and to broaden its family office service platform.
Epiphany Dermatology announced a partnership with Modly Dermatology to expand its presence in the Baltimore, Maryland market. Dr. Charlotte Modly and her single-location practice in Reisterstown, MD will join Epiphany's provider network and gain access to Epiphany's operational support and clinical resources.
Xcelerate Solutions, a portfolio company of McNally Capital, has acquired clearAvenue, a Columbia, Maryland-based provider of software development, AI/ML, big data analytics and cloud services for federal agencies. The acquisition expands Xcelerate's technical capabilities and the combined business will operate as Xcelerate Solutions, with the combined organization representing roughly 1,500 technology professionals.
Kaseya, the Miami-based provider of AI-powered IT management and cybersecurity software, has acquired INKY, an AI-driven email security provider focused on MSPs and SMBs. The acquisition brings INKY's generative-AI email protection into Kaseya's platform (including Kaseya 365 User) to strengthen email security capabilities and threat detection across Kaseya's MSP customer base.
Merit Financial Advisors acquired Obsidian Planning Solutions, adding $476 million in client assets and opening two new offices in Rockville and Columbia, Maryland. The deal—Merit's 50th acquisition—deepens Merit's business succession planning capabilities as partners Patrick Carroll and Todd Feldman and their team join Merit; financial terms were not disclosed.
Bain Capital Real Estate, working with marina operator BlueWater Marinas, has acquired Kent Narrows Boatel (KNB), a Class-A heated drystack marina on Kent Island, Maryland. The property — which offers 375 slips and over 12,000 square feet of commercial space — will become the fourth marina in the Bain/BlueWater portfolio and will be operated to enhance customer experience and regional market presence.
Vectra AI has acquired Netography, a cloud-native network observability vendor, to integrate Netography Fusion into the Vectra AI platform (rebranded as Vectra Fusion) and strengthen visibility across hybrid and multi-cloud environments. The deal combines Netography's agentless, software-defined observability with Vectra AI's AI-driven attack signal clarity to expand the platform's cloud-network security capabilities.
Elation Lighting Inc. has acquired the X-Laser brand and assets and launched X-Laser USA, an independent company operating from X-Laser’s Laurel, Maryland facility. The acquisition adds high-powered laser projectors and engineering capabilities to Elation’s product portfolio while establishing U.S.-based manufacturing and an East Coast service center.
Northrim Horizon, a Mesa, Arizona-based permanent capital investment firm, has acquired ACG Systems, a Maryland-based systems integrator and technical service provider for mission-critical wireless communication systems. Northrim named Thomas Montalbano as CEO and said ACG will serve as a platform for additional organic growth and acquisitions in the wireless communication services industry.
Salt Creek Capital has acquired Real Diagnostics, LLC (RealDx), a Reisterstown, Maryland-based specialist diagnostic laboratory serving physician offices and clinics across 17 states. HCAP Partners has invested to support Salt Creek's acquisition and to help RealDx scale operations, expand geographic reach, and enhance workforce and service capabilities; terms were not disclosed.
Ames Watson, a privately held investment firm, completed its $140 million acquisition of Claire’s business operations and intellectual property in North America from Claire’s bankruptcy proceedings. The deal preserves a significant portion of Claire’s mall footprint by acquiring at least 795 of its approximately 1,500 North American stores, with the remainder expected to close.
Graycliff Partners has made an investment in Vytex, LLC, a Laurel, Maryland-based manufacturer and installer of vinyl windows and patio/storm doors. Brookside Capital Partners provided subordinated debt and an equity co-invest to support Graycliff's investment; Graycliff and Vytex management plan to pursue organic and inorganic growth, new product development and geographic expansion.
Chicago-based private equity firm ParkerGale has made a growth investment in RedZone Technologies, an Annapolis-headquartered managed security service provider (MSSP). The investment will support RedZone's organic and inorganic growth plans, expand partner relationships, and accelerate sales and marketing while RedZone focuses on security, compliance, and service delivery for highly regulated industries.
Beacon Pointe Advisors has acquired The Family Firm, a Bethesda-based registered investment adviser managing $857 million in assets and a 10-person team. The deal, which closed on September 15, 2025, raises Beacon Pointe's assets under advisement to approximately $49 billion and strengthens its Mid-Atlantic/D.C. presence and women's advisory capabilities.
CloserStill Media has acquired Billington CyberSecurity, the U.S.-based organiser of leading public-sector cybersecurity conferences and year-round leadership programs. The deal (terms undisclosed) strengthens CloserStill's North American events portfolio and expands its cybersecurity and government-focused event offerings; Billington's leadership team will remain in place.
Grizzly MEP announced a partnership to add Excel Mechanical Contractors, LLC, a Baltimore-based full-service mechanical and electrical contractor, to its Commercial MEP platform. The move — backed by sponsor Garnett Station Partners — expands Grizzly's footprint into the D.C., Maryland and Virginia Mid-Atlantic markets and is intended to accelerate growth and broaden service offerings.
Frost Law has acquired Nager Law Group, bringing veteran bankruptcy attorney Alon Nager into Frost Law as a Director. The acquisition expands Frost Law’s consumer bankruptcy capabilities and strengthens its Baltimore–Washington area footprint.
EverTrue has acquired DonorSearch to combine DonorSearch’s AI-powered donor intelligence and philanthropic dataset with EverTrue’s donor engagement and outreach capabilities. The deal — by EverTrue, which is backed by Rubicon Technology Partners — aims to embed deeper intelligence and automation across fundraising workflows to help nonprofit customers identify and engage high-potential prospects more effectively.
Becklar, a Graham Partners portfolio company, has acquired Dynamark Monitoring, a wholesale alarm and critical event monitoring provider headquartered in Hagerstown, Maryland. The add-on expands Becklar's monitoring footprint and capabilities on the U.S. East Coast, bringing approximately 145,000 end subscribers and additional dealer relationships into Becklar's platform.
Fifth Third Bancorp (Fifth Third Bank) has acquired DTS Connex, a provider of cash management software for multi-location businesses, to bolster its Commercial Payments capabilities in cash logistics, infrastructure and risk management. DTS Connex will operate as a wholly owned subsidiary effective August 1, continuing as a standalone business; financial terms were not disclosed.
A Neumann Associates, LLC announced the closing of the sale of a franchised automotive repair and maintenance facility located in Maryland. The transaction was valued at about $1 million and supported by SBA lender pre-qualification, following appraisal at 4.3x EBITDA (2024).
Marketplace 4 Insurance (M4I), a Southeast-based insurance brokerage platform, acquired Reilly Insurance Agency, a Maryland-based independent insurance agency, expanding M4I’s footprint into the Mid‑Atlantic. Concurrently, Navigant Capital Partners made a growth investment in M4I to support its aggressive M&A strategy and further platform expansion; financial terms were not disclosed.
MGT, a national technology and advisory solutions firm, has acquired rpk GROUP, a higher-education-focused management consulting firm led by Rick Staisloff. The acquisition expands MGT's higher education finance and strategy capabilities and deepens its portfolio of advisory services for colleges, universities, and state systems.
Skyline Roofing Partners, backed by Imperial Capital, has acquired One Day Roofing, a residential re-roofing business headquartered in Columbia, Maryland. One Day's founders (CEO Andrew Engel and COO Griffin Libhart) will retain an ownership stake and continue to lead the company as Skyline integrates the business into its national residential roofing platform.
Pye-Barker Fire & Safety has acquired Maryland-based Fire-X Sales and Service Corp. and its sister company Fire Protection Products (FPP). The acquisitions expand Pye-Barker’s fire suppression and life-safety capabilities across the mid-Atlantic, enabling full fire code compliance services in Maryland and strengthening its specialized vehicle, kitchen and special-hazards suppression offerings.
Rainier Partners’ portfolio company SCI Flooring has acquired Flooring Partners as the platform’s third add-on, expanding SCI’s Midwest footprint onto the East Coast and strengthening its multi-family and commercial flooring capabilities. Flooring Partners, founded in 1990 and headquartered in Baltimore, will broaden SCI’s geographic reach across Maryland, Washington, D.C., Pennsylvania, Delaware, New Jersey and Ohio.
Ferguson Enterprises Inc. acquired HPS Specialties, LLC, a manufacturer's representative and distributor of specialty HVAC, plumbing and hydronic products, in a deal that closed on June 16, 2025. The acquisition expands Ferguson's specialty and engineered product capabilities and strengthens its East Coast footprint.
HFA Architecture + Engineering has acquired Chesapeake Design Group (CDG), a boutique Baltimore-based architecture firm, bringing CDG's team and regional expertise into HFA's national platform. The deal expands HFA's Mid-Atlantic footprint and strengthens its architectural capabilities to pursue new projects, particularly in the restaurant and commercial sectors.
UFP Technologies, Inc. (Nasdaq: UFPT) acquired Universal Plastics & Engineering Company, Inc. (UNIPEC) of Rockville, Maryland, and Techno Plastics Industries, Inc. (TPI) of Añasco, Puerto Rico to expand its film and thermoplastic molding capabilities for the medical device market. UNIPEC (≈$5M revenue, $2M EBITDA) and TPI (≈$10M revenue, $1M EBITDA) will bolster UFP's thin-film and injection-molding capacity for implantable and other high-barrier medical applications; the deals were financed with cash and borrowings under UFP's credit facility.
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