Acquisitions in Missouri in 2024

Broad Sky Partners has acquired Frontline Managed Services, a global provider of managed IT and revenue cycle management solutions for the legal industry, from BV Investment Partners (which will remain involved as a minority investor). The investment will fund Frontline's strategic growth, technology investment and continued expansion of its managed services for law firms worldwide; terms were not disclosed.

CES Power LLC, backed by private equity firm Allied Industrial Partners, has acquired Base Craft, LLC, a provider of specialty services and equipment for the motion picture industry. The deal expands CES's footprint in film and broadcast services and launches a new CES Studio Services division to pursue further add-on growth; terms were not disclosed.

Armstrong World Industries (AWI) has acquired A. Zahner Company, a Kansas City–based designer, engineer and fabricator of high-design exterior architectural metal solutions. The acquisition expands Armstrong's exterior architectural metal capabilities and complements its existing architectural specialties portfolio; Armstrong funded the deal with cash and its revolving credit facility.

Ash & Co acquired Birkel Electric, a Chesterfield, Missouri-based electrical contracting firm founded in 1967. The transaction was supported by capital provider Tamarix Capital Partners and advised by Madison Street Capital; financial terms were not disclosed.

Dakota Holdings, a Dallas-based private investment firm, has acquired Ozark Steel Fabricators, a Farmington, Missouri structural steel fabricator. The deal is an add-on to Dakota Holdings' platform of structural steel fabricators led by Staley Steel and is intended to expand capabilities and geographic reach across the Central and Midwestern United States, serving data center, industrial, and healthcare construction projects.

Radiant Logistics, through its wholly owned subsidiary Radiant Road & Rail, acquired the assets and operations of TCB Transportation, a St. Louis-based intermodal marketing company specializing in 40- and 53-foot container movements across North America. The transaction is structured with a portion of the purchase price payable based on future performance; TCB will continue under founder Jerry Kausch, Jr.'s leadership and is expected to transition to the Radiant brand in 2025.

Segra and Unite Private Networks (UPN) have completed a planned brand merger and will operate under the Segra name, creating a larger fiber-focused connectivity provider. The combined company expands Segra's network and commercial technology solutions across the U.S.; Segra is a standalone fiber company owned by Cox Communications.

Webco Group Holdings, a 100% employee-owned precision metal fabricator headquartered in Olathe, Kansas, acquired BMF Metal Fabrication, LLC of Winfield, Missouri, with the transaction closing on November 1, 2024. The deal brings BMF's precision laser cutting, forming, welding and finishing capabilities into Webco's family of companies to expand manufacturing capacity and accelerate growth while providing long-term opportunity for BMF employees.

Rise Broadband has acquired MidAtlantic Broadband's Missouri fiber-to-the-home broadband business operating under the Yondoo Broadband brand, adding almost 10,000 residential and commercial locations across eight eastern Missouri markets. The deal expands Rise Broadband's footprint into Missouri and is supported by its PE backer GI Partners, which noted the transaction furthers the company's geographic expansion and network growth.

Wesco International has acquired Ascent LLC, a data center facility management and services provider, for a cash-free, debt-free purchase price of $185 million. Ascent—headquartered in St. Louis with more than 300 employees and ~$115 million in trailing twelve-month sales—adds site operations, engineering, liquid-cooling capabilities and a proprietary Navigator platform to Wesco's data center solutions portfolio.

Absolute Systems LLC acquired Eclipse Integration, LLC of Peculiar, Missouri, with financing provided by Alarm Financial Services (AFS). The acquisition expands Absolute's commercial account base and strengthens its presence in the Kansas City metropolitan market.

Nutra-Med, a portfolio company of GenNx360 Capital Partners, has acquired Legacy Pharma Solutions, a St. Louis-based provider of oral solid dose contract packaging. The acquisition adds high-speed bottling and blistering capabilities to Nutra-Med, expanding its contract packaging capacity for pharmaceutical, OTC and medical device customers.

Germfree Laboratories, a modular and mobile cleanroom equipment provider backed by EW Healthcare Partners, has acquired Arcoplast, a maker of seamless primary barrier cleanroom wall and ceiling systems. The deal expands Germfree’s capabilities into fixed-facility and turnkey cleanroom construction, broadening its offering across biopharma, hospital pharmacy, biocontainment and food & beverage end markets.

Victory Automotive Group has acquired Weiss Toyota of South County in St. Louis, Missouri from partners John Weiss and John Capps. Haig Partners served as exclusive sell-side advisor; the dealership will be rebranded as Victory Toyota St. Louis as Victory expands its dealer footprint into Missouri.

Hub International Limited has acquired the assets of AIG Agency Inc., which does business as Associated Insurance Group, an independent commercial and personal property & casualty insurance agency in Maryland Heights (St. Louis), Missouri. The team led by Gregory Wherry will join Hub's Mid‑America region as part of the firm's broader St. Louis growth strategy; terms were not disclosed.

Multi-Color Corporation (MCC) has acquired Starport Technologies, an RFID-centric smart labels and RFID tag manufacturer based in Kansas City, Missouri. The deal expands MCC’s RFID and smart-label capabilities and creates a new smart packaging solutions business unit; financial terms were not disclosed.

BPEA Private Equity Fund VIII (operating as EQT Asia) has completed the acquisition of Perficient, Inc., taking the St. Louis-based digital consultancy private and delisting its common stock from NASDAQ. Perficient — a global digital consultancy of about 7,000 employees — will focus on long-term growth, expanding talent and investing in next-generation digital capabilities under EQT ownership.

BW Forsyth Partners has made a strategic, long-term investment in Matter Family Office, a St. Louis-based multi-family office led by founder Kathy Lintz. Forsyth will provide capital to fund organic growth, future acquisitions and cultural programs, and will join Matter's board while Matter advisors and staff remain in place.

Gantry, a full-service commercial mortgage banking firm based in San Francisco, has acquired Q10 | Triad Capital Advisors, Inc., a Q10 Capital member with offices in St. Louis and Kansas City, Missouri. The deal expands Gantry's correspondent-driven production capabilities and increases its servicing portfolio by more than $1.5 billion, growing its servicing portfolio to $20 billion; Triad principals will retain an equity stake and employees will remain with the firm.

Heritage Environmental Services, an EQT Infrastructure portfolio company, has completed the acquisition of EBV Explosives Environmental Company, Inc. from General Dynamics. The purchase adds EBV's 55-acre demilitarization and energetic waste disposal facility near Joplin, Missouri — including incineration and thermal treatment assets — to Heritage's network, expanding its explosives demilitarization and incineration capabilities.

Nulogy, a Toronto-based provider of multi-enterprise manufacturing and supply chain software, has acquired Mingo Smart Factory, a maker of real-time manufacturing productivity and analytics solutions. The acquisition expands Nulogy's shop-floor analytics and IIoT capabilities to offer customers end-to-end visibility from sensors to analytics and strengthen its offering for FMCG brands, co-packers, contract manufacturers and 3PLs.

Adams Flavors, Foods & Ingredients, a portfolio company backed by Midwest Growth Partners and partners, completed the acquisition of Goodman's Vanilla (Goodman's Flavorings) on September 29–30, 2024. Goodman's, a Marshfield, Missouri manufacturer of vanillas, flavor extracts and colors, is Adams' first add-on and will support regional expansion of Adams' branded products and the addition of spice offerings under the Goodman's banner.

Molecular Designs, a Birmingham-based provider of PCR assays and related reagents and equipment, has acquired Lamda Biotech, a St. Louis provider of molecular biology research products and kits. The deal will expand Molecular Designs’ product portfolio and manufacturing capacity while broadening access to academic research and pharmaceutical customers and strengthening R&D and technical talent.

Thompson Street Capital Partners (TSCP) has made a growth investment in ATIS, a St. Louis–headquartered provider of elevator and escalator safety inspections, consulting, and managed services. Terms were not disclosed; TSCP said the capital will support expansion of ATIS’ service offerings, sales and marketing, geographic growth, and strategic add-on acquisitions.

Grace Hebert Curtis Architects (GHC), a Bernhard Capital Partners-backed AEC platform company, has made an investment in Hastings+Chivetta Architects (H+C), a St. Louis-based architecture firm focused on the education market. Financial terms were not disclosed; the deal expands GHC's higher-education and K-12 capabilities and Midwest footprint as part of its AEC platform build-out.

Energy Capital Partners (ECP) has acquired a majority interest in PROENERGY Holdings, a vertically integrated aeroderivative gas turbine platform with a 2.4 GW fleet of contracted peakers and global turbine services. The transaction (terms not disclosed) transfers control from affiliates of Eos Partners and ACON Investments to ECP, which will support PROENERGY's platform expansion, growth initiatives, and continued operations under existing leadership.

Ed Morse Automotive Group has acquired Renegade Harley-Davidson, a dealership located at 3980 W. Sunshine Street in Springfield, Missouri, from H&H Automotive LLC. The purchase expands Ed Morse's Harley-Davidson portfolio and grows the group's footprint to 57 dealership locations and over 2,800 employees nationwide.

An affiliate of 26North Partners LP has agreed to acquire ArchKey Solutions from One Rock Capital Partners; the deal was announced in September 2024 and completed in November 2024. ArchKey, a national provider of electrical, technologies and facilities services with over 4,000 employees, will continue its growth under new financial ownership; financial terms were not disclosed.

Argonaut Private Equity has added Hammer & Steel Global, LLC to its Fund V portfolio. Hammer & Steel, a St. Louis-area distributor and rental provider of deep foundation drilling and pile driving equipment with multiple regional sales and distribution locations, will partner with Argonaut to accelerate geographic expansion and add distribution facilities while preserving the company legacy.

Schuber Mitchell Homes, an employee-owned regional homebuilder based in Joplin, Missouri, has acquired Cronkhite Homes, a Springfield-area homebuilder. The acquisition expands Schuber Mitchell's reach into the Springfield market while ensuring continuity of service for Cronkhite customers and employees.

Turnberry Solutions has acquired 1904labs, a St. Louis-based cloud-focused digital consultancy, to deepen Turnberry's digital modernization, AI, and data & insights capabilities. The deal expands Turnberry's St. Louis footprint and combines 1904labs' cloud and tailored data solutions with Turnberry's broader consulting offerings.

Gannett Fleming, a portfolio company of OceanSound Partners, has completed a strategic merger with TranSystems, a Sentinel Capital Partners portfolio company, creating a national infrastructure consulting leader with roughly $1.3 billion in combined revenue and more than 5,000 employees. The deal represents Sentinel's exit of TranSystems and expands Gannett Fleming's capabilities and geographic coverage across transportation end markets including highways, bridges, mass transit, freight rail, and aviation.

InMarket has acquired ChannelMix, a Kansas City–based marketing impact modeling and media mix optimization platform, to strengthen InMarket’s data analytics, real-time measurement and AI-driven media planning capabilities. The deal brings ChannelMix’s Marketing Impact Modeling (MIM) technology and client base into InMarket’s real-time marketing and measurement suite to enable more accurate, privacy-first, real-time media spend optimization.

D&H United, a Wind Point Partners portfolio company, has acquired Show Me Petroleum Equipment, a Springfield, Missouri-based full-service fueling solutions provider. The add-on expands D&H United's regional service capabilities in fuel system installation, maintenance and compliance while integrating Show Me's customer base and employees into the platform.

Unity Partners LP completed a strategic platform investment in Katsam Property Services, a St. Louis–area provider of power sweeping, pressure washing, janitorial and other facility maintenance services. Unity Partners will provide capital, operational support and an employee ownership program as Katsam pursues organic growth and strategic acquisitions to expand its Midwest footprint.

Investment funds managed by KKR have acquired Marmic Fire & Safety from HGGC. Marmic, headquartered in Joplin, Missouri, is a leading provider of regulation-mandated fire protection inspection, testing and maintenance services with more than 1,000 employees and over 56,000 customers across commercial, industrial, multi‑family, education, government, and healthcare end markets; KKR will maintain Marmic as an independent company and implement a broad-based employee ownership program.

Telle Tire & Auto Centers acquired two-location Riechers Tire & Auto (a fourth-generation family business) in Washington, Missouri, with the deal effective July 1. Riechers will continue operating under its name, all employees are being retained, existing warranties honored and extended, and the acquisition expands Telle's footprint to 28 stores in the greater St. Louis area.

Novatae Risk Group acquired the assets of Denali Specialty Group, LLC of St. Louis, Missouri effective July 1, 2024; terms were not disclosed. Denali is a small specialty insurance intermediary (founded 2019) focused on investor properties, cannabis, excess worker compensation and student housing, and will bring program development and underwriting talent to Novatae. MarshBerry advised Novatae; Giordano, Halleran & Ciesla provided legal counsel to Novatae and McCarthy, Leonard & Kaemmerer provided legal counsel to Denali.

Great Range Capital (GRC), a Kansas City-based private equity firm, has acquired Citadel Security Holdings, Inc. GRC also provided financing for Citadel's concurrent acquisition of Metropolitan Protective Services (MPS). Citadel's co-founders Justin Hale (CEO) and Todd DeJong (CAO) will remain in place as GRC supports organic growth and a roll-up strategy to scale the platform.

Drive DeVilbiss Healthcare (DDH) acquired Mobility Designed, Inc.'s full portfolio of products, including the M+D Comfort Crutch, and will integrate the company's industrial design expertise into DDH’s operations. Mobility Designed co-founder Max Younger will join DDH as Senior Director of Industrial Design & Innovation to support product launches and drive design-led innovation across DDH’s medical equipment lineup. The acquisition expands DDH’s product portfolio and in-house design capabilities to enhance patient outcomes.

TRANSTEX has acquired DClimate Inc., a Maryland Heights, Missouri-based maker of electric Auxiliary Power Units (eAPUs) that combine HVAC modules with a patented battery management and rapid recharge system. The deal adds DClimate's EPA SmartWay-verified, CARB- and EPA-compliant APU technology to TRANSTEX's product portfolio to improve fleet efficiency, reduce idling and emissions, and support the company's market expansion in North America.

Green Bay Packaging Inc. has acquired SMC Packaging Group, a Springfield, Missouri-based producer of custom corrugated boxes, displays and packaging materials. The purchase expands Green Bay Packaging's geographic reach into Missouri, Arkansas and Oklahoma and brings SMC into GBP's vertically integrated packaging platform.

Hendrickson has acquired the Reyco Granning suspension business, based in Mt. Vernon, Missouri, from Reyco Granning and its parent MAT Capital. Reyco Granning will continue to operate under its existing name while the acquisition expands Hendrickson’s product portfolio and manufacturing footprint in medium- and heavy‑duty vehicle suspension solutions.

Private equity funds managed by Blackstone, with investment from a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) and GIC, will acquire Emerson's remaining 40% interest in the Copeland joint venture (formerly Emerson Climate Technologies) for approximately $3.5 billion. The deal — in which Copeland will repurchase the seller's note — furthers Emerson's portfolio simplification and is expected to close in the second half of 2024, subject to regulatory approvals.

Easy Ice, the nation’s largest provider of managed commercial ice machine rentals, acquired The Ice Factory (formerly Wally's Refrigeration) in Osage Beach, Missouri. The acquisition expands Easy Ice’s presence in Missouri and the Lake of the Ozarks area and will be integrated into Easy Ice’s Sedalia branch to provide ongoing service to local customers.

Luby Equipment Services, a family-owned equipment dealer based in Fenton, Missouri, has acquired Springfield-based Potter Equipment effective June 1, 2024. The transaction expands Luby’s Case dealership territory into southwest Missouri and northwest Arkansas, adds Potter’s Springfield and Harrison locations, and strengthens Luby’s position in construction, aggregates and forestry equipment sales, rental and standby power services.

Solarity, a St. Louis-based provider of automated clinical data processing software for hospitals and physician practices, received a strategic growth investment from TA Associates. Existing private equity partner BV Investment Partners and Solarity management rolled substantial ownership stakes; TA executives will join Solarity's board to support product and market expansion.

McCarthy Capital has recapitalized NUSO, an omnichannel cloud communications and CPaaS provider, with members of NUSO's senior management participating alongside the firm. BMO will remain the company's debt provider; the transaction closed after receiving customary regulatory approvals and will provide capital to accelerate NUSO's growth and innovation.

R&R Sanitation, a Greenleaf Capital Partners portfolio company, has acquired Outdoor Restrooms, Inc. (ORI), a portable restroom provider headquartered in Raytown, Missouri. The add-on expands R&R Sanitation’s service area in the greater Kansas City market and brings ORI’s portable restroom, VIP trailer and sanitation-station capabilities into the R&R platform; terms were not disclosed.

Alcanza Clinical Research, an integrated investigator site network, has acquired Kansas City Research Institute (KCRI), a Phase II–IV clinical research site based in Kansas City, Missouri. The acquisition expands Alcanza's Midwest footprint and therapeutic capabilities in gastroenterology, hepatology and metabolic diseases while increasing trial access for underrepresented patient populations.