Acquisitions in Massachusetts in 2017

Hub International Limited acquired the assets of Massachusetts-based Summit Financial Corporation and Summit Financial Insurance Agency, Inc., expanding Hub's retirement and employee benefits capabilities in New England. Summit, founded in 1993 and headquartered in Burlington, Massachusetts, will join Hub's New England retirement and benefits operations with its leadership and staff continuing to operate from existing offices.

The Hilb Group, a Richmond-based insurance brokerage and portfolio company of Abry Partners, acquired HR Knowledge (HRK), a Mansfield, Massachusetts-based provider of payroll, employee benefits, and HR management services, effective November 1, 2017. The add-on deal expands THG's benefits and outsourced HR capabilities; HRK's managing directors Ken Bettenhauser and Jeff Garr will continue to operate from Mansfield.

Mass Bay Brewing Company, the employee-owned parent of Harpoon Brewery, has acquired Clown Shoes Brewing, a craft beer brand founded in Ipswich, Massachusetts. The deal brings Clown Shoes into Mass Bay's employee ownership framework and aims to expand the Clown Shoes brand regionally and nationally.

Insight Venture Partners is purchasing the shares of Bullhorn owned by Vista Equity Partners to fund Bullhorn's next phase of growth. The investment will be used to accelerate product development, expand the company's global footprint, and support continued growth of Bullhorn's cloud-based staffing and recruiting platform.

Kele, Inc. acquired Control Consultants, Inc. (effective September 29, 2017), combining Kele's distribution scale with CCI's New England controls expertise while operating the brands separately. Richard Campbell (Kele) will serve as president and CEO of the combined company and John Donahue will continue as President of CCI; the deal expands Kele's product breadth and specialized services in building automation.

Schenck Corporation has acquired Test Devices, Inc. (TDI) from owner H. Eric Sonnichsen in a share deal to expand Schenck's testing and prototyping capabilities for aerospace and related industries. Test Devices, a Hudson, Massachusetts-based provider of high-speed spin testing equipment and laboratory services, will continue operating under its current leadership with David Woodford remaining as President.

Wincove Private Holdings and Stone-Goff Partners completed a recapitalization investment in Centerline Communications and affiliated TowerNorth Development. Management, led by CEO Josh Delman, will remain a significant owner as the investors provide capital and support to grow the telecom infrastructure and tower development platform.

Veritas Genetics has acquired Boston-based Curoverse, the creator of the Arvados open-source genomic data platform, for an undisclosed amount. The acquisition brings Curoverse’s bioinformatics, data-management and AI/ML capabilities in-house to expand Veritas’s capacity for large-scale genome interpretation and deploy machine learning across millions of genomes.

Platinum Equity has signed a definitive agreement to acquire United Site Services (USS), a Westborough, Massachusetts-based provider of portable restrooms, temporary fence and related site services. USS operates a network of more than 80 locations across the United States; financial terms were not disclosed and the seller was Calera Capital.

Woodinville, Washington-based Bensussen Deutsch & Associates (BDA) has acquired Boston-based promotional merchandise firm SwervePoint. The deal expands BDA’s East Coast footprint and service offerings; SwervePoint will be rebranded as BDA and its co-founders have joined BDA’s leadership to support the integration and continuity of client services.

Private equity firm New Capital Partners has made a growth investment in LoyaltyExpress, a Woburn, Massachusetts-based provider of marketing automation and cloud-based CRM solutions for banks and mortgage companies. The capital will be used to accelerate product innovation, expand MarketingCentral and Salesforce offerings, and hire additional staff to support growth.

AcuityAds Holdings Inc. completed the acquisition of Visible Measures Corp., a Boston-based programmatic video analytics and ad-tech platform, acquiring 100% of its outstanding stock for approximately US$10 million in upfront cash. The deal, funded through a bought deal offering and a revolving credit facility, adds Visible Measures' MRC-accredited video measurement and True Reach analytics to AcuityAds' programmatic marketing platform to expand its video advertising capabilities.

Genpact has acquired RAGE Frameworks, a Dedham, Massachusetts–based provider of knowledge-based AI and cognitive computing platforms for enterprise automation. The deal expands Genpact's AI capabilities and will allow it to take RAGE's platform to existing and new clients across financial services, insurance, CPG and other industries.

Huron (NASDAQ: HURN) entered into an agreement to acquire Innosight Holdings LLC, a growth strategy firm, for $100 million plus contingent consideration, combining Huron’s execution capabilities with Innosight’s strategy expertise to offer end-to-end transformation services. The acquisition expands Huron’s strategy and innovation capabilities across industries including healthcare, financial services and manufacturing; Innosight (more than 90 employees at announcement) will be included in Huron’s Business Advisory segment.

Stratoscale acquired Cambridge, MA-based Tesora, a database-as-a-service (DBaaS) provider, to augment its on-premises AWS-compatible cloud offerings and launch a fully managed relational database service. Tesora's DBaaS platform and engineering team will enable Stratoscale to deliver single-click, scalable RDS-compatible services and expand its managed database capabilities for enterprise and service-provider customers.

Ebates, the San Francisco-based cashback shopping and loyalty marketplace (a subsidiary of Rakuten), has acquired Cartera Commerce, a Lexington, Massachusetts-based provider of loyalty marketing solutions and rewards programs. The deal expands Ebates' loyalty marketing capabilities and brings Cartera's merchant, card issuer and airline partnerships and offer platform into Ebates' portfolio.

Upland Software (Nasdaq: UPLD) acquired Omtool, a document capture, fax and workflow solutions provider, for $19.2 million (net of cash). The acquisition adds capture, security and compliance capabilities to Upland’s enterprise work management portfolio, is expected to be immediately accretive to Adjusted EBITDA, and supports Upland’s vertical presence in financial services, legal and healthcare.

Arxan Technologies has acquired Apperian, a Boston-based mobile application management (MAM) and security platform, to expand Arxan's mobile and IoT application protection and management capabilities. Apperian will operate as a subsidiary led by Mark Lorion, enabling Arxan to offer an integrated solution for enterprise app protection, distribution and management across unmanaged devices and BYOD scenarios.