Acquisitions in Michigan in 2024

MANS Lumber & Home has acquired Michigan Timber & Truss, a Flint-based custom roof truss manufacturer. The acquisition expands MANS Lumber's manufacturing capabilities and product offerings to better serve builders and homeowners across the construction and building sectors.

NFP has acquired Benefits Partner, LLC dba Salus Group, an employee benefits consulting, brokerage and administration firm based in Sterling Heights, Michigan. The acquisition is intended to expand NFP’s employee benefits capabilities for the middle-market and deepen its presence and talent base in Michigan and the broader region.

Proteus Enterprises, together with Gladstone Investment Corporation, acquired Ricardo Defense, Inc., an engineering services and systems integration firm headquartered in Troy, Michigan. The transaction is a divestiture by Ricardo plc; Gladstone provided equity and senior secured debt while Proteus will operate and scale the defense-focused business. Financial terms were not disclosed.

Security 101, a portfolio company of Gemspring Capital, has acquired Eos Business Surveillance Solutions, a Flint, Michigan-based security integration firm specializing in video surveillance, access control, and mobile surveillance trailers. The acquisition expands Security 101's capabilities and Michigan footprint while retaining Eos leadership to continue scaling the mobile surveillance trailer sales and leasing business.

Revolution Sustainable Solutions, LLC has acquired Island Plastics, LLC, a Flint, Michigan-based producer of 100% post-consumer recycled LLDPE/LDPE film-grade resin. The purchase expands Revolution’s mechanical recycling and PCR production capabilities — including plans to leverage its recent FDA Letter of No Objection to offer clear food-grade PCR for flexible food packaging and other end markets.

Amulet Capital Partners has made a new platform investment in Theoria Management, a tech-enabled management services organization that delivers on-site and virtual value-based primary care to senior living and post-acute communities. Theoria's founder Justin Di Rezze will remain CEO and a significant shareholder; financial terms were not disclosed.

A fund managed by Macquarie Asset Management agreed to acquire a 40% minority equity stake (with an option to increase to 49%) in select U.S. Gulf Coast infrastructure assets of Dow Inc., forming a new joint-venture platform called Diamond Infrastructure Solutions. The assets—site utilities, power and steam production, pipelines, environmental operations and storage—span five Dow sites in Texas and Louisiana; the transaction provides Dow with cash proceeds (approximately $2.4bn initially, up to ~$3.0bn if Macquarie increases to 49%) and creates a specialist infrastructure operator to serve Dow and third-party industrial customers.

Radius Global Market Research has acquired 7th Sense, a market research and insights firm headquartered in Bingham Farms, Michigan. The acquisition strengthens Radius's research and consulting capabilities—particularly 7th Sense's automotive expertise—and integrates qualitative, ethnographic, quantitative and blended-method capabilities; financial terms were not disclosed.

Alpine Intel, a Charlotte-based insurance solutions provider, has acquired The Robison Group, a Troy, Michigan-based investigative services firm. The acquisition expands Alpine Intel's fraud investigation capabilities—adding surveillance, SIU, and desktop investigation services—to increase nationwide coverage and capacity.

Salt Creek Capital acquired Sinclair Designs & Engineering, LLC (SDE), a Michigan-based manufacturer of solar panel racking systems, in a transaction completed in February 2024. Founder Kevin Sinclair is transitioning into retirement while CEO Kyle Sinclair remains to lead the business as Salt Creek provides capital and strategic support to drive growth in commercial and residential solar markets.

Arkema finalized the acquisition on December 2, 2024 of Dow's flexible packaging laminating adhesives business for an enterprise value of US$150 million. The business (around US$250 million in annual sales, ~280 employees, five production sites across Italy, the United States and Mexico) will be integrated into Arkema's adhesive platform (Bostik) to expand its flexible packaging product offering and capture cost and development synergies.

McLaren Health Care, a Grand Blanc, Michigan-based health system, has acquired Park Medical Centers, a group of 10 primary care clinics serving Wayne, Oakland and Macomb counties. The clinics — which include 21 providers and serve roughly 36,000 patients — will operate as a division of McLaren Medical Group and retain their branding and existing staff.

Embrace Software Inc. has acquired QSTRAT, a provider of sourcing, supplier management and quoting (CPQ/RFx) software for manufacturers and distributors. The deal expands Embrace Industrial Group’s capabilities into the configure-price-quote (CPQ) and strategic sourcing verticals and will see QSTRAT’s leadership continue to run the business under Embrace.

Hiniker Company, a portfolio company of family office Kinperium Industries, has acquired Daniels Plows, a Holland, Michigan-based manufacturer of heavy-duty snowplows, effective November 22, 2024. The acquisition brings Daniels into the Hiniker product line to expand heavy-equipment and airport snow removal offerings and create synergies with United Rotary Brush and Hiniker's dealer network.

A-G Specialty Insurance has acquired First Agency TPA (a Gallagher company) from Arthur J. Gallagher & Co., expanding A-G’s third‑party administration capabilities for student and athletic accident coverage. The deal builds on A‑G’s earlier purchase of Gallagher’s Bollinger TPA services and is intended to broaden claims administration and specialized insurance offerings to educational institutions and youth/sports programs.

Valsoft Corporation acquired Above the Treeline, Inc., the operator of the Edelweiss book-industry software platform, marking Valsoft's entry into book industry software. Edelweiss's leadership will remain in place as Valsoft looks to support product development, deepen U.S. impact, and expand the platform internationally.

Standex International has acquired Custom Biogenic Systems (CBS), a Michigan-based maker of cryogenic and controlled-rate freezers, from BioLife Solutions for approximately $6.1–$6.2 million in cash. The business will be reported in Standex's Scientific segment and is expected to be accretive in year one, expanding Standex's scientific refrigeration capabilities and North American manufacturing footprint.

Morgan Street Holdings, LLC has acquired Continental Services, a Midwest corporate foodservice provider, from New Heritage Capital. The transaction represents an exit for New Heritage Capital after a period of organic and inorganic growth at Continental, which operates across multiple states and employs more than 1,500 people.

Branford Castle Partners, a North American-focused private equity firm, has acquired Testek Solutions, a Wixom, Michigan-based manufacturer of proprietary aviation component testing equipment, from a fund managed by Odyssey Investment Partners. Testek will serve as a platform investment for Branford Castle's Fund II, with existing management, including CEO Bruce DeWitt, remaining in place; financial terms were not disclosed.

Emoeba Group has acquired Traction Consulting Group, a CRM and ERP solutions provider founded in 1999. The transaction, facilitated by IT ExchangeNet, brings Traction's Microsoft, Salesforce and Odoo expertise into Emoeba's roll-up strategy to expand its digital transformation and consulting capabilities.

Arthur J. Gallagher & Co. has acquired Fenton, Michigan-based Peabody Insurance Agency, Inc.; terms were not disclosed. The acquisition expands Gallagher's retail brokerage capabilities and presence in southeast Michigan, with Jim Peabody, Grace Peabody-Ljoljic and the Peabody team remaining in their current location under Gallagher's Great Lakes region retail P/C operations.

Monomoy Capital Partners has acquired Oliver Packaging and Equipment, a Walker, Michigan–based manufacturer of food packaging systems, bakery equipment and compostable/recyclable meal trays and films. Oliver will continue to be led by CEO Mitch Summerfield and will operate as an independent platform with Monomoy supporting organic growth and pursuing strategic add-on acquisitions to expand products, customers and end markets.

Mr. Cooper Group Inc. has closed its previously announced acquisition of Flagstar Bank N.A.'s mortgage operations, acquiring MSRs, advances, subservicing contracts, and Flagstar's third-party origination platform for approximately $1.3 billion in cash. The deal expands Mr. Cooper's servicing and origination capabilities and transfers Flagstar's mortgage customers and team members to Mr. Cooper, with full operational integration expected in early 2025.

ARKA Group, L.P. has completed the acquisition of Maxar’s Radar and Sensor Technology (RST) group, a Ypsilanti, Michigan–based radar and sensor engineering team that supports U.S. government synthetic aperture radar (SAR) programs. The acquisition adds radar, moving-target indication and full‑spectrum geospatial intelligence capabilities to ARKA’s existing space hardware and software offerings, strengthening its mission-focused solutions for U.S. and allied defense customers.

Galco Industrial Electronics, Inc. has acquired D. F. Burnham & Company, a Sterling Heights, Michigan-based provider of hydraulic and pneumatic components. The acquisition expands Galco’s fluid power product offering and leverages D. F. Burnham’s manufacturing and service capabilities to better serve industrial automation and other end markets.

Warsaw Chemical has acquired the Magic Finish Premium Car Care brand of car wash chemicals and auto detail products from Cul-Mac Industries. The acquisition adds a recognized product line to Warsaw's portfolio, and several Magic Finish team members have joined Warsaw to support expanded service to car wash distributors and operators.

Impact Climate Technologies has acquired Central States HVAC Solutions, Inc. (including operating companies Fontanesi & Kann, Architectural Building Components and Bio-Grid) from Prospect Partners. Joe Fontanesi will continue to lead the businesses as President; the move expands Impact Climate Technologies' footprint into Michigan and brings additional engineering, distribution and recurring HVAC services into its platform.

Atlas Holdings has agreed to acquire SRG Global from Guardian Industries and has also acquired REHAU Automotive from the REHAU Group, combining the two businesses to form RESRG Automotive. Terms were not disclosed; the transactions create a global platform for coated exterior systems and components and are expected to enhance capability and scale across SRG's and REHAU's footprints.

Thrive, a global MSP/MSSP, has acquired Safety Net, a Michigan-based IT services firm, to establish a Midwest regional presence and extend Safety Net customers access to Thrive’s global SOC and hybrid cloud capabilities. The deal expands Thrive’s geographic footprint and service offerings while preserving high-touch managed services for Safety Net's clients.

Blue Point Capital Partners has recapitalized Pinnacle MEP Holdings, a Midwest-focused HVAC and plumbing (MEP) services platform headquartered in Michigan. The transaction is an exit for Firmament (with support from Aquila Equity Partners) and positions Pinnacle to accelerate growth and pursue additional add-on acquisitions across the region.

APPLIED Adhesives, a custom adhesive solutions provider based in Minnetonka, Minnesota, has acquired AutomationSupply365 of Auburn Hills, Michigan. The acquisition expands APPLIED's advanced dispensing and automation capabilities to better serve in-mold coating, transportation, and product assembly markets across North America.

Command Investigations LLC, a portfolio company of Monument MicroCap Partners, acquired SuperiorX Investigations on October 15, 2024. The add-on transaction (financed by Maranon Capital with Charter Capital Partners as sell-side advisor) expands Command's geographic footprint and service offerings in Michigan and the broader Great Lakes region.

ADP has acquired WorkForce Software, a workforce management solutions provider headquartered in Michigan, to expand ADP’s global workforce management capabilities and accelerate innovation for large, global enterprise clients. WorkForce Software’s time & attendance, scheduling, forecasting, and leave-management capabilities will be integrated into ADP’s suite to broaden offerings for ADP’s more than one million clients worldwide.

White Cap (White Cap Supply Holdings LLC) has acquired ERSCO Construction Supply, a Michigan-based distributor of concrete accessory products and paving supplies. ERSCO will be integrated into White Cap's suite of brands and branches to accelerate White Cap's growth in the Michigan market and expand its product offerings for professional contractors.

Holcim has acquired OX Engineered Products from Wind Point Partners. Headquartered in Michigan, OX manufactures integrated structural sheathing and thermal insulation products for residential and commercial building envelopes; Wind Point acquired OX in 2018 and helped scale the business prior to the sale.

LTC Global, Inc. has acquired LTC Affinity Direct, Inc. (d/b/a Long-Term Care Resources or LTCR), a national leader in long-term care insurance distribution headquartered in Harper Woods, Michigan. LTCR will continue to be managed by Rick Leonard and will join LTC Global’s existing LTCi distribution businesses to expand its association distribution channel and market reach.

Jax Kar Wash, Michigan’s largest car wash operator and a TRP Capital Partners-backed platform, has acquired Clean View Auto Wash, a five-location car wash operator based in Chesterfield, Michigan. The transaction serves as an add-on to Jax’s regional platform to expand its Michigan footprint and consolidate market share; Car Wash Advisory acted as exclusive sell-side advisor.

Radiant Logistics (NYSE: RLGT) has acquired Focus Logistics, a Michigan-based domestic and international freight forwarder founded in 2003. The small, family-run business will be merged into Radiant’s Detroit operation with co-founder Cliff Kisielewski remaining as general manager while co-founder Terrie Evans retires; financial terms were not disclosed.

Align ENT + Allergy has partnered with Mid-Michigan ENT, a private ENT and allergy practice in East Lansing, Michigan, as a supported practice. The affiliation expands Align's physician-led network into Michigan (its fourth state) and will allow Mid-Michigan ENT to leverage Align's business support while retaining local clinical leadership.

Municipal Emergency Services (MES), a portfolio company of Platte River Equity, has acquired Premier Safety, a Detroit-based distributor of industrial safety products, firefighter equipment, equipment services and rentals. The add-on expands MES's industrial safety product offering and strengthens its equipment services and rental capabilities across industrial and fire service end markets.

Los Angeles-based private equity firm Vance Street Capital has acquired Pro-Vision, a Grand Rapids, Michigan provider of mobile video hardware, installation services, and a Video-as-a-Service (VaaS) platform for commercial fleets, K-12 transit and public safety customers. The transaction is Vance Street’s first platform investment out of Vance Street Capital IV and will fund product development, commercial expansion and potential M&A; terms were not disclosed and debt financing was provided by Barings.

CoreX, a NewSpring Holdings platform company, has acquired ITS Partners, an Elite ServiceNow partner based in Michigan, to expand CoreX’s ServiceNow functional capabilities across Operational Technology, IT Asset Management, SecOps and managed services. The add‑on deal accelerates CoreX’s industry verticalization and global expansion plans and was announced as the first of multiple acquisitions planned to grow the platform.

Michigan-based ERA Prime Real Estate Group has acquired Southgate, Michigan–based GAP Realty Group. The deal, which will expand ERA Prime’s service area and market share in Southeast Michigan, will leave GAP founder Alex Pandoff on as an associate broker; financial terms were not disclosed.

Invictus Growth Partners has made a $37 million majority investment in Campfire Interactive, a Ann Arbor–based provider of SaaS profitability and forecasting software for manufacturers and automotive suppliers. The capital will be used to accelerate product innovation, expand sales and marketing, and scale Campfire’s machine-learning and analytics capabilities while existing investors retain a minority stake alongside the founders.

Publicis Groupe has acquired Mars United Commerce (formerly The Mars Agency), the world's largest independent commerce marketing company, from Mountaingate Capital. The deal brings Mars's proprietary Marilyn platform, shopper intelligence and retail consultancy capabilities into Publicis to strengthen its end-to-end commerce and full-funnel marketing offering; Mars employs over 1,000 people globally.

Prosperity Partners, a Chicago-headquartered accounting platform backed by Unity Partners, has completed the acquisition of Detroit-area tax and accounting firm Cendrowski Corporate Advisors (CCA). The add-on expands Prosperity's tax, valuation and outsourced accounting capabilities and establishes a local presence in the Detroit/Bloomfield Hills market; terms were not disclosed.

Aldinger Company has acquired Servo Innovations, a Michigan-based provider of calibration and repair services, to expand its calibration and metrology capabilities. The acquisition strengthens Aldinger's technical offerings and broadens service coverage for customers in automotive, aerospace and manufacturing markets.

Alliance Mobile Inc., a portfolio company of Centre Partners Management, acquired 33 Master Wireless retail stores located in Michigan and Wisconsin. Greenwich Capital Group advised Master Wireless on the sale — the deal expands Alliance Mobile's AT&T-authorized retail footprint in the Midwest.

Highstreet Insurance Partners has acquired Dudek Insurance Agency Group, Inc., a New Baltimore, Michigan-based independent insurance agency with specialty marine coverage. Terms were not disclosed; Dudek's president Dave Dudek will continue to lead the team at the existing location as part of Highstreet's regional operations.

TouchBistro has acquired restaurant management software PeachWorks and launched integrated Inventory Management and Labor Management products that tie directly into its POS. The acquisition expands TouchBistro's back-of-house capabilities, enabling restaurateurs to better manage inventory, labor scheduling and forecasting to reduce costs and streamline operations.