Acquisitions in Nebraska in 2020

Industrial Growth Partners V, L.P., in partnership with Hydromax USA management, acquired Hydromax USA, LLC from Warren Equity Partners. The private equity-controlled platform investment positions Hydromax to accelerate growth across its outsourced infrastructure services for gas, water and wastewater utilities through strategic and operational support from IGP.

Bain Capital Tech Opportunities and HGGC made a minority/growth investment in Buildertrend, the Omaha-based provider of cloud construction management software, marking the company's first institutional financing. The capital will be used to accelerate growth through strategic acquisitions and to expand Buildertrend's product capabilities into payments, data analytics and contractor services; financial terms were not disclosed.

Central Logic, a healthcare access and orchestration technology company, has acquired Omaha-based Ensocare to extend its solution from acute care referrals and transfers into post-acute care settings. The acquisition expands Central Logic's platform to include Ensocare's curated network of more than 50,000 post-acute care providers, improving transitions of care, interoperability with EHRs, and operational and financial performance for health systems.

PK, a global experience engineering and digital services firm headquartered in Portland, Oregon, has acquired Nuvem Consulting, a Nebraska-based Salesforce consulting specialist. The acquisition expands PK's Salesforce capabilities—particularly in lead-to-cash applications and integrated CRM solutions—and brings Nuvem's Nebraska employees into PK's Omaha offices to support broader digital transformation offerings for enterprise clients.

Funds managed by SDC Capital Partners have acquired a 48% interest in ALLO Communications, with Nelnet retaining a 45% stake and ALLO management holding 7%. The investment provides capital and new third‑party debt financing to support ALLO's expansion of its all‑fiber network across additional Midwestern communities.

Temp-Con, a portfolio company backed by Centerfield Capital Partners and Caymus Equity Partners, acquired Hamilton Service Company, a commercial refrigeration and HVAC services provider based in Lincoln, Nebraska. The add-on acquisition, which closed October 9, 2020, expands Temp-Con's Midwest footprint and broadens its commercial refrigeration and HVAC service capabilities.

The Charles Schwab Corporation completed its acquisition of TD Ameritrade Holding Corporation, creating a combined firm with approximately $6 trillion in client assets and 28 million brokerage accounts. The deal broadens Schwab’s scale and product offering (including thinkorswim and institutional custody solutions) and begins an 18–36 month integration to unify platforms and operations.

Alliant Insurance Services, Inc. has agreed to acquire Senior Market Sales (SMS), a Nebraska-based insurance marketing organization focused on the senior market. The SMS team will join Alliant and continue operating under the SMS name from Omaha, expanding Alliant’s distribution of Medicare, travel insurance, and related health and wealth solutions; terms were not disclosed.

AdaptHealth (Nasdaq: AHCO) acquired Diabetes Supply Center of the Midlands (DSCM), a Nebraska-based distributor of diabetes devices and ancillary products, from the nonprofit Diabetes Education Center of the Midlands. The deal expands AdaptHealth's Midwest footprint and will provide proceeds to DECM to support diabetes education, research and community programs.

Ascend Technologies LLC, a Midwest-based managed services provider backed by private equity firm M/C Partners, has merged with Infogressive, a Lincoln, Nebraska–based cybersecurity/MSSP firm. The add-on transaction expands Ascend's cybersecurity and cloud capabilities and creates a combined organization of more than 150 U.S.-based technical and security professionals with offices in Chicago, Illinois and Lincoln, Nebraska.

Astec Industries (Nasdaq:ASTE) has acquired CON-E-CO, a concrete equipment manufacturer and former subsidiary of Oshkosh Corporation. CON-E-CO, headquartered in Blair, Nebraska, manufactures portable and stationary concrete batch plants, mixers and related systems; terms were not disclosed and Oshkosh was advised by Balmoral Advisors.

Wichita-based Genesis Health Clubs acquired all seven locations of The Athletic Clubs (formerly Prairie Life Fitness) across three states. The deal expands Genesis’ Midwestern footprint—giving members of both organizations access to more than 50 Genesis locations across six states—and was completed with the support of The Athletic Clubs owner Tony Dahmen.

Hudl, the Lincoln, Nebraska–based sports performance analysis platform, received a growth investment from Bain Capital Tech Opportunities (with participation from existing investors) to accelerate product innovation and global growth. Financial terms were not disclosed; Bain Capital Tech Opportunities will join Hudl’s board to support expansion of analytics, machine learning and smart camera capabilities.

Montreal-based Valsoft Corporation acquired MacPractice, a Lincoln, Nebraska-based provider of macOS and iOS practice management software for medical, dental, chiropractic and optometry practices. Founders Mark Hollis and Patrick Clyne will remain with the company to support a smooth transition as Valsoft expands its presence in the practice management vertical.

Offen Petroleum, a portfolio company of Court Square Capital Partners, has signed an agreement to acquire the business assets of Bosselman Energy and Bosselman Carriers. The combined businesses will operate as Offen Petroleum with the Bosselman Grand Island office serving as a Midwest regional operations center, expanding Offen's footprint and adding propane and trucking capabilities.

Gladstone Investment Corporation partnered with long-time executive Dan Kirwan to acquire The Maids International on March 4, 2020, providing equity and senior secured debt to complete the transaction. Dan Kirwan will assume the role of President and CEO; The Maids is an Omaha-based franchisor of residential cleaning services with franchise and company-owned locations across the U.S. and Canada.

ShoreView Capital Partners activated its $425 million Fund IV and made its first investment by providing growth capital to Burton Plumbing Services, LLC. ShoreView partnered with the company's owner to support Burton's expansion and pursue regional add-on acquisitions; Burton is an Omaha-based provider of HVAC and plumbing services to residential and commercial customers.

Senior Dental Care has acquired Senior Vision Services, a provider of portable, on-site optometry services for residents of long-term care communities. The combination expands Senior Dental Care's suite of onsite clinical services for long-term care facilities, aiming to improve access to vision and dental care and reduce re-hospitalizations.

Essence Healthcare, a sister company of Lumeris, has reached an agreement in principle to acquire Mutual of Omaha Medicare Advantage Company (MOMAC) and Medicare Advantage Company of Omaha (MAICO). The subsidiaries operate Medicare Advantage plans in Cincinnati, San Antonio, Dallas, Denver and El Paso; Lumeris currently operates the plans and will continue to do so after closing, which is expected by mid-2020 pending regulatory approvals.

Kuvare US Holdings, Inc. completed its acquisition of Lincoln Benefit Life Company (LBL) on December 31, 2019. The deal adds approximately 200,000 policyholders to Kuvare, expands its annuity and variable life product portfolio and increases Kuvare's pro forma consolidated assets to more than $22 billion.