Acquisitions in Massachusetts in 2015

Woodruff Sawyer, a San Francisco–based insurance brokerage, will acquire Capstone Insurance, LLC of Boston, Massachusetts to expand its geographic presence and capabilities. Capstone’s principals — Matt Field, Sean Coady and Dan McMullen — will lead the Boston office through the transition; the deal is expected to close by year-end.

ATI Physical Therapy announced that Attain Therapy + Fitness has joined the ATI organization, adding 10 outpatient physical therapy clinics in the Springfield, Massachusetts area. The acquisition brings Attain's specialized hand therapy, sports and fitness training, and programs for at-risk populations into ATI's national footprint; BellMark Partners advised Attain on the partnership.

Welltok, the operator of the CafeWell health optimization platform, acquired Silverlink, a healthcare consumer communications company, to extend its multi-channel consumer engagement and targeted outreach capabilities. The acquisition was supported by $45 million in new funding led by Georgian Partners, EDBI and Flare Capital Partners to support the purchase, product development and market expansion.

Descartes Systems Group acquired Oz Development, Inc., a U.S.-based provider of application integration solutions for SMBs, to strengthen its e‑commerce fulfilment and supply chain automation capabilities. The deal (approximately US$29.5 million in cash) brings Oz's domain expertise and customer base into Descartes' Global Logistics Network and extends its reach into the SMB e‑commerce market.

Rapid7, Inc. acquired RevelOps, Inc. d/b/a Logentries for an aggregate purchase price of approximately $68 million, consisting of about $36 million in cash and $32 million in Rapid7 equity. The acquisition adds Logentries' cloud-based machine data search, log management, and forensics capabilities to Rapid7's security data and analytics platform to improve incident detection, investigation, and compliance offerings.

Fallon Health, through its subsidiary UltraBenefits, has acquired Group Insurance Service Center, Inc. (GISC), a third-party administrator based in Pembroke, Massachusetts. The acquisition adds roughly 17,000 members to Fallon's self-insurance business (expanding UltraBenefits' membership from 42,000 to 59,000) and strengthens the organization's capabilities in the self-insurance/TPA marketplace.

ECS Tuning, owned by Bertram Capital, acquired Turner Motorsport from its shareholders; BDO Capital Advisors served as exclusive financial advisor to Turner Motorsport. The transaction is ECS's first add-on to its e-commerce platform and aims to broaden product selection and create a premier online destination for BMW parts, with founder Will Turner remaining as President of the Turner Motorsport division.

Physicians Interactive (PI) has acquired Waltham, Massachusetts-based Quantia Communications, the operator of physician social network QuantiaMD, for an undisclosed amount. The deal adds a peer-to-peer physician network to PI’s digital health platform; all ~60 Quantia employees will remain in Waltham as PI integrates the community into its suite of physician- and consumer-facing offerings.

Watchfire Signs, a Danville, Illinois-based LED sign and digital billboard manufacturer, acquired Aerva, a Cambridge, Massachusetts cloud-based display network management company, to broaden its digital engagement and cloud capabilities. Aerva will continue to operate independently from its Cambridge headquarters; terms were not disclosed.

Sandbox Partners has acquired the Family Education Network (FEN), an edutainment digital network that includes properties such as Poptropica, Funbrain and FamilyEducation, from Pearson. The acquisition positions Sandbox to scale FEN's children's learning and entertainment brands internationally and expand reach to parents, teachers and students across new markets.

LiquidHub, a digital integrator headquartered outside Philadelphia, has acquired Harvest Solutions, a Salesforce Silver Consulting Partner headquartered in Boston with an office in San Francisco. The acquisition strengthens LiquidHub's Salesforce and CRM implementation capabilities and expands its U.S. footprint; 7 Mile Advisors served as exclusive buy-side advisor.

LocalVox has acquired MarketMeSuite and integrated its social monitoring, posting, and analytics technology into a new Social Inbox embedded within LocalVox’s local marketing platform. The acquisition expands LocalVox’s social CRM and monitoring capabilities for small businesses, franchises and partner agencies, and follows LocalVox’s earlier acquisition by TBC Holdings.