Acquisitions in Mississippi

Huntington Bancshares has completed its merger with Cadence Bank, combining the two regional banking franchises to create a roughly $279 billion-asset company and expanding Huntington’s branch footprint across Texas and the broader South. The deal adds Cadence’s ~390 branches and strengthens Huntington’s market position in Texas and Mississippi while preserving Cadence’s branch network and customer continuity during integration.

Godspeed Capital Management LP made a strategic growth investment in Engineering Resource Group, Inc. (ERG), establishing ERG as Godspeed's new MEP-focused engineering, consulting, and design platform. The transaction will support geographic expansion across Mississippi and the Southeastern United States while ERG's principals retain meaningful ownership.

Memphis-based family office SouthWorth Capital Management has acquired American Furniture Manufacturing (AFM), a vertically integrated producer of upholstered residential furniture headquartered in Ecru, Mississippi. AFM operates over 700,000 square feet of manufacturing and assembly space, employs more than 650 people across its subsidiaries (Peak Living, Independent Furniture Supply, Delta Furniture Manufacturing, Southern Fibers), and will partner with SouthWorth to accelerate growth and expand market reach; financial terms were not disclosed.

NTC Group completed a refinancing and buyout of junior capital that consolidates its ownership of Tenax Aerospace to approximately 80%, ending Bain Capital Credit’s investment. The transaction included new junior capital led by AEA Private Debt and senior debt facilities arranged by Regions Capital Markets to support Tenax’s next phase of growth.

Core Roofing Systems, a Shoreline Equity Partners-backed commercial roofing platform, completed the acquisition of Norman Enterprises, Inc. (doing business as Norman Roofing), integrating the Meridian, Mississippi-based commercial roofing business into Core's platform. The deal expands Core's footprint into the Gulf Coast (Mississippi, Alabama, Louisiana); Norman's owner and CEO, Tyler Norman, reinvested a material portion of proceeds and will continue to lead the regional business.

Accelevation has acquired SteelPro, a structural steel fabricator based in Houston, Mississippi with operations in Memphis, Tennessee, to expand its vertically integrated manufacturing capabilities for data center infrastructure. The deal increases Accelevation's fabrication capacity and brings SteelPro's expertise in generator platforms, external steel structures, and cooling tower systems; SteelPro founder Jeremy Harrell joins Accelevation's leadership team.

Access Infusion Care, a New Harbor Capital portfolio company, has completed the acquisition of Health Care Medical Infusion Specialties (HCMIS), a Mississippi-based provider of home and ambulatory infusion services. The add-on expands Access's multi-modal infusion capabilities and furthers its geographic expansion into rural and underserved Mississippi communities.

North American Rail Solutions (a portfolio company of DFW Capital Partners) has completed a strategic combination with ZA Construction, a Brandon, Mississippi–based outsourced rail support services provider. The deal brings ZA's rail maintenance, construction and support capabilities into the NARS platform to expand geographic reach, shared services and growth for the combined rail services business.

Axius Water, a PE-backed provider of nutrient management solutions, has acquired S&N Airoflo, Inc., a Greenwood, Mississippi-based supplier of surface aeration systems. The add-on expands Axius's nutrient removal and lagoon/oxidation ditch aeration capabilities and brings energy-efficient floating brush rotor technology into its portfolio.

Generational Group advised Jackson, Mississippi-based Trisler Landscape Management, Inc. on its sale to an unnamed private buyer, with the transaction closing on August 4, 2025. Trisler is a full-service landscaping company (design, installation, maintenance, irrigation, hardscapes/softscapes) serving commercial and residential clients across Central Mississippi since 1995.

BankFirst Capital Corporation completed its acquisition of The Magnolia State Corporation and its wholly owned subsidiary Magnolia State Bank effective July 1, 2025. The deal expands BankFirst’s branch network to 52 offices across Mississippi and Alabama and increases pro forma assets to approximately $3.2 billion, with gross loans of about $2.2 billion and deposits of roughly $2.8 billion; several Magnolia executives have joined BankFirst in regional leadership roles.

BradyPLUS, a national distributor of janitorial/sanitation (JanSan), foodservice and industrial packaging products, has acquired Biloxi Paper Company, a nearly 60‑year-old family‑owned distributor serving the Mississippi Gulf Coast. The deal expands BradyPLUS's geographic footprint and local service capabilities across education, hospitality/gaming, municipal and facilities maintenance end markets; terms were not disclosed.

Carenet Health has acquired Balto Health Services to expand its bilingual managed services and patient/member engagement capabilities. The acquisition brings Balto’s Biloxi and El Salvador operations into Carenet’s platform to better serve start‑up and mid‑sized healthcare organizations, particularly those serving Medicare, Medicaid and government‑sponsored populations.

SitelogIQ, a national energy services and facility improvement solutions provider, acquired Path Company, a NAESCO-accredited energy services firm serving municipal, K-12 and higher education customers in the Southeastern United States. The add-on acquisition (financial terms undisclosed) expands SitelogIQ’s geographic footprint into six additional southeastern states and broadens its service capabilities in lighting, HVAC, water efficiency and renewable power.

Labcorp has completed the acquisition of North Mississippi Health Services' ambulatory outreach laboratory business and will become the referral laboratory for NMHS's seven hospitals and clinic laboratories. Labcorp plans to open three new patient service centers in Tupelo, West Point and Amory to increase access to laboratory services and provide continuity of care, data tools and expanded testing capabilities in North Mississippi.

Sustainable Investing at Goldman Sachs Alternatives (Goldman Sachs) has completed the acquisition of Atlas-SSI, a North American designer, manufacturer and service provider of water management equipment. Atlas-SSI was previously a portfolio company of XPV Water Partners; Goldman Sachs intends to use its global network and resources to expand Atlas-SSI's market reach, broaden its offerings and accelerate growth to meet rising demand for water infrastructure solutions.

King Risk Partners, a Gainesville-based insurance broker, has acquired Ricky Credille Insurance, a family-owned agency with locations in Belmont and Tupelo, Mississippi. The deal expands King Risk Partners’ presence into Mississippi and adds Ricky Credille’s Medicare, health and life insurance expertise to its offerings.

Northstar Capital provided mezzanine debt and an equity co-investment to Loss Prevention Services (LPS), a portfolio company of Clearview Capital, to help finance the transaction. LPS is a tech-enabled outsourced vehicle recovery provider based in Natchez, Mississippi; the investment was made by Northstar Mezzanine Partners VIII L.P. as its eleventh platform investment.

gWorks, a PE-backed mission-critical SaaS provider, has acquired BBI, Inc., a Flowood, Mississippi-based software vendor serving municipalities and water utilities in Mississippi and Louisiana. The add-on strengthens gWorks' municipal and utility software capabilities and expands its footprint in the southern U.S.; the acquisition was effective February 27, 2025.

Ridgeline Roofing & Restoration, a portfolio company of Bertram Capital, has acquired Pro Shield, a residential and commercial roofing services company based in Madison, Mississippi. The add-on expands Ridgeline's Southeast footprint and will provide Pro Shield with enhanced operational, technology, and marketing support; terms were not disclosed.

Trucordia, a national insurance brokerage headquartered in Lindon, Utah, has acquired the insurance business of Rusty Healy Insurance Agency of Madison, Mississippi. The acquired business offers auto, home, business and life insurance solutions and will be integrated into Trucordia's national platform as part of its growth and expansion strategy.

Fairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management, has agreed to acquire Rolls-Royce’s Naval Propulsors & Handling business, including manufacturing campuses in Pascagoula, Mississippi and Walpole, Massachusetts, with the Peterborough, Ontario handling facility to transfer later. The acquisition expands FMD’s naval propulsion, foundry and handling capabilities to better serve U.S. and allied navies and preserves critical manufacturing capacity for the U.S. Navy supply chain.

Huron Capital’s commercial roofing platform Rampart Exterior Services completed its inaugural add-on acquisition with the purchase of Independent Roofing Systems, a central Mississippi commercial roofing contractor. The deal was supported with financing and an equity co-investment led by Monroe Capital; Independent’s existing leadership will remain in place as Rampart integrates the company into its buy-and-build strategy.

Trinity Consultants, a global environmental consulting firm headquartered in Dallas, has acquired Environmental Compliance & Safety, Inc. (ECS), a Mississippi-based environmental and safety consulting firm. ECS will operate within Trinity's environmental consulting business, with its leadership and offices in Sherman and Brandon, Mississippi, remaining in place to strengthen Trinity's EHS capabilities and presence in the Gulf/Southeast.

Granite Construction Incorporated completed the acquisition of Dickerson & Bowen, Inc., adding three sand and gravel pits and four asphalt plants to its Southeast materials footprint. The bolt-on expands Granite's presence in central and southern Mississippi and builds on its recent Southeast materials platform.

Novastone Capital Advisors (NCA), a Switzerland-based private equity firm, has acquired Keystone Specialty Pharmacy, a specialty pharmacy based in Mississippi. The acquisition was completed as part of NCA’s Entrepreneurship through Acquisition (ETA) program; Dr. Lisa Piercey will lead the pharmacy and the sellers were owners Jeffrey and Kim Clark.

Nation's Best Holdings, a Dallas-based holding company focused on home improvement stores, acquired Huntington Lumber & Supply Co., a Do it Best Home Center in Hazlehurst, Mississippi. The transaction closed July 15, 2024, with the Huntington brothers selling the business and remaining in place to manage operations as part of Nation's Best's roll-up strategy to grow independent hardware and building-supply locations.

Jones Capital has sold Portabull Fuel Services, LLC, a Purvis, Mississippi-based mobile fuel management and equipment rental company operating across 22 states, to CR Fuels, a wholesale fuels provider based in Hattiesburg, Mississippi. The sale transfers Portabull's fleet, fuel-management technology, and customer relationships (heavy construction, pipeline and renewable projects) to CR Fuels; Butler Snow served as legal counsel to the sellers.

Sunstar Insurance Group, a regionally focused insurance broker based in Memphis, Tennessee, acquired the assets of Renasant Insurance, Inc. from Renasant Corporation effective July 1, 2024. Renasant Insurance will rebrand as Sunstar Insurance Services, with all leadership and employees joining Sunstar as the acquisition provides Sunstar its first agency presence in Mississippi and expands its products and services in the region.

Qualus Corporation has acquired ASSET Engineering, a Jackson, Mississippi–based power engineering and consulting firm specializing in renewable generation development, battery energy storage systems, microgrids, and distributed energy resources. The acquisition expands Qualus' capabilities in renewables, energy storage, and critical-infrastructure support for clients such as utilities, developers, and data centers and broadens its U.S. footprint.

FV Recycling, a Jones Capital portfolio company based in Hattiesburg, Mississippi, has acquired the paper recycling business of JET Polymer Recycling (commonly known as Tupelo Recycling), adding a recycling plant in Tupelo, Mississippi. The acquisition densifies FV Recycling’s footprint across North Mississippi, Alabama, Kentucky and Tennessee and expands its commercial recycling and baler equipment repair capabilities.

Broadwing Capital Management LLC, in partnership with Davidson Kempner Capital Management LP, has made a strategic growth investment in Upchurch Companies, a family-owned regional mechanical, electrical and plumbing (MEP) service provider. The investment will fund operational improvements and support organic and acquisitive expansion while the Upchurch family remains involved in day-to-day operations.

Duff Capital Investors, the Columbia, Mississippi holding company owned by brothers James and Thomas Duff, purchased John O'Neil Johnson Toyota and John O'Neil Johnson Hyundai from owner Neil Johnson in 2023. The stores were renamed Toyota of Meridian and Hyundai of Meridian after closing (Toyota closed Aug. 1, 2023; Hyundai closed Oct. 24, 2023) as Duff expands its dealership footprint in Mississippi.

United Rentals has completed the acquisition of Yak Access (including Yak Mat and New South Access & Environmental Solutions) from Platinum Equity for approximately $1.1 billion in cash. Yak is a leading North American matting and ground-protection provider (≈600,000 mats, ~135 distribution points, operating in 40+ states) and reported $353 million of adjusted revenue and $171 million of adjusted EBITDA for the year ended December 31, 2023; United Rentals financed the purchase with new senior unsecured notes and available ABL capacity.

PointClickCare Technologies has acquired American HealthTech, Inc. (AHT), a subsidiary of Computer Programs and Systems, Inc. (CPSI), in a divestiture intended to transition AHT customers to PointClickCare's post-acute care platform. CPSI divested AHT as part of a business transformation and selected PointClickCare to continue supporting AHT's post-acute EHR customers and integrate them into its broader care-collaboration network.

Kansas Golf & Turf (a portfolio company of Strength Capital Partners) has merged with Ben Nelson Golf & Outdoor, an award-winning distributor and dealer of golf cars, utility vehicles, trailers and turf equipment. Ben Nelson Golf & Outdoor operates three locations in Madison and Biloxi, Mississippi and Memphis, Tennessee with ~50 employees; the combined KGT/BNG business will operate from five strategic locations to expand geographic reach and service capabilities across the Midwest, Southeast and Southwest United States.

Atlanta-based growth equity firm Fulcrum Equity Partners has acquired Defining Wellness Centers, a substance use disorder treatment provider based in Mississippi. Fulcrum has appointed industry veteran Drew Rothermel as CEO and plans to expand the center's programs and replicate the model in additional geographies to grow its behavioral health presence.

Bradford Health Services has acquired Vertava Health of Mississippi, a residential behavioral-health campus in Southaven, Mississippi. The acquisition expands Bradford’s footprint in North Mississippi and the greater Memphis region and will be integrated into Bradford’s network of treatment centers to enhance local addiction and mental health services.

EIS, a North American specialty distributor of electrical process materials, has acquired Power Grid Supply, a supplier of transformer parts and components. The acquisition expands EIS's product portfolio and aftermarket capabilities for transformer OEMs, remanufacturers, field service contractors, and utilities, and will support geographic expansion across North America.

TRG, LLC has acquired MS Rubber Company, a Jackson, Mississippi-based industrial supplier and fabricator of rubber products; the transaction closed on September 12, 2023. MS Rubber (founded 1963) supplies hydraulic hoses, fittings, belts, gaskets and related products across Mississippi and the Southern U.S.; TRG (headquartered in Appleton, Wisconsin) said the acquisition expands its footprint and sealing/distribution capabilities in the Southeastern United States.

Arthur J. Gallagher & Co. acquired Columbia, Mississippi-based Southern Insurance Group, LLC. The acquisition expands Gallagher's retail property/casualty brokerage presence in Mississippi and the Southeast U.S.; Southern Insurance Group's team will remain in place and operate under Gallagher's Mid-South brokerage leadership.

Full Guard Capital has partnered with Perimeter Insect Guard in a recapitalization transaction announced in August 2023, with subordinated debt and equity provided by Tecum Capital and Spring Capital Partners to support the deal. Perimeter, headquartered in Taylorsville, Mississippi, is the largest provider of insecticide treatment services for military uniforms and will continue to be led by management following the transaction.

Ross & Yerger, a long-established Jackson-based insurance agency, has completed a strategic merger with Element Wealth of Ridgeland to expand its wealth management and financial planning capabilities. The integration brings Element Wealth’s advisory services into Ross & Yerger’s platform to offer clients a more comprehensive suite of insurance, retirement and investment solutions.

Border States has agreed to acquire Sequel Electrical Supply LLC, a Meridian, Mississippi-based electrical distributor with more than 220 employees and 18 locations across the U.S. Gulf Coast. The acquisition expands Border States' employee-owned distribution footprint into four additional states (Louisiana, Mississippi, Alabama and Florida) and adds complementary construction and industrial customers.

Beacon Building Products (NASDAQ: BECN) has completed the acquisition of All American Vinyl Siding Supply, LLC, a Tupelo, Mississippi-based vinyl siding and exterior building products supplier. The deal expands Beacon’s branch footprint and product/service coverage in northern Mississippi, adding the All American team and its local market knowledge to Beacon’s network.

Carr's Hill Capital Partners (CHP) has partnered with founders Shaw and Tom Matthews to recapitalize Matthews Brothers Dredging (MBD) and support the company's expansion across U.S. Gulf Coast markets. As part of the transaction, Declan Rushe was named CEO to lead growth of the marine infrastructure and mechanical dredging business, which is based in Pass Christian, Mississippi and provides recurring maintenance and capital dredging services.

WTWH Media, a Mountaingate Capital portfolio company, has acquired PMQ Pizza, the leading B2B media brand for the pizza restaurant industry. The deal expands WTWH Media's Foodservice, Retail, and Hospitality network and represents an early add-on as WTWH executes a buy-and-build strategy with Mountaingate Capital.

Tech24, a national foodservice and commercial HVAC repair platform backed by HCI Equity Partners, acquired Total Mechanical Repair Services (TMR) on May 24, 2023 as its sixteenth add-on. The acquisition expands Tech24’s service footprint in Southern Mississippi and provides access to adjacent Louisiana markets; financial terms were not disclosed.

Southern Energy Corp. entered into a definitive purchase and sale agreement to acquire the remaining producing acreage in the Gwinville Field (Jefferson Davis County, Mississippi) from PetroTX Energy, LLC for $3.2 million. The acquired assets produce roughly 400 boe/d (predominantly natural gas), add inventory and reserves, and are expected to generate immediate operating synergies and >30% operating cost savings when integrated with Southern's existing Gwinville operations.

Bobcat Power Holdings, a Cotton Creek Capital-backed provider of substation development and maintenance services, has acquired Chancellor Construction, a Hattiesburg, Mississippi-based substation repair and maintenance contractor. The acquisition expands Bobcat's coverage, complementary service capabilities and capacity across the U.S. Southeast; Chancellor will remain led by its existing management team.