Acquisitions in Nevada in 2021

Graphene & Solar Technologies, Ltd. (GSTX) acquired Air-To-Water, LLC, a Nevada-based developer of atmospheric water-extraction technology. GSTX plans to manufacture the proprietary solid‑state units in the U.S.; single units produce about 13–20 gallons per day, are expected to sell for $5,000–$8,000, and have an anticipated lifespan of over 10 years.

CyberRisk Alliance has acquired Identiverse, the annual Identity and Access Management (IAM) conference founded by Ping Identity, with Ping Identity remaining as a founding sponsor. The acquisition expands CRA’s events portfolio into the identity security market and positions Identiverse for broader reach and new business intelligence, content, and marketing partnership opportunities.

Garnett Station Partners has made a growth investment in WOW Carwash, the Las Vegas-based operator of eco-friendly, tech-enabled express car washes. The capital from Garnett Station's GSP 3.0 Fund will be used to accelerate geographic expansion and growth of WOW's multi-location platform across the Southwestern United States; financial terms were not disclosed.

Calibre Scientific has acquired Benson Polymeric, a Reno-based manufacturer of polymer-based HPLC columns and resins. The acquisition expands Calibre Scientific’s chromatography product suite and enables cross-selling of Benson’s columns across Calibre’s global distribution network.

Cortec Group (via Cortec Fund VII) completed a growth recapitalization of Goettl Home Services on December 10, 2021, partnering with CEO Ken Goodrich and his management team. The deal, in which Baum Capital Partners sold Goettl, will provide capital and support for Goettl’s organic growth and a pipeline of regional HVAC and plumbing add-on acquisitions across the Southwestern United States.

Wax Center Partners (WCP), a European Wax Center platform backed by MKH Capital Partners, acquired four European Wax Center locations in the Las Vegas area (Centennial Hills, Henderson, Rainbow and Summerlin). The transaction expands WCP’s footprint into Nevada and adds to the platform’s multi-state roll-up of EWC franchise centers as it continues pursuing new development and acquisition opportunities.

Registered Agent Solutions, Inc. (RASi), a Lexitas company, has acquired MyCompanyWorks, Inc., a business-formation and registered-agent services provider led by Matt Knee. The deal expands RASi/Lexitas’s entrepreneurial services capabilities and establishes a new Entrepreneurial Services Department to broaden technology, filings, and compliance offerings to small businesses and startups.

North American Specialty Laminations ("American Laminations"), a platform company sponsored by Building Industry Partners (BIP), has acquired Haida Industries LLC. Haida will operate as SourceCut West, establishing a Western U.S. manufacturing and distribution hub to expand the platform's ability to serve window, millwork and other building-products customers in the Western United States.

Aperture, a Trinity Hunt Partners portfolio company, announced the acquisition of American Bio Engineers (ABE), a forensic engineering firm specializing in biomechanical and accident reconstruction services. The deal brings ABE's Las Vegas-based team and satellite offices into the Aperture platform to expand its litigation-focused forensic engineering capabilities and national footprint.

Scorpion, a provider of technology and marketing services for local and multi-location businesses, completed the acquisition of Wheat Creative, a franchise-focused marketing agency. The deal brings Wheat Creative's franchise development and local marketing capabilities into Scorpion's franchise division to expand services for franchisors and franchisees.

Hemp, Inc. (OTC PINK: HEMP) completed an all-stock acquisition of Ferris Holding Inc., a Las Vegas-based manufacturer and co-packer of hemp/CBD products. The deal gives Hemp, Inc. in-house manufacturing and co-packing capability for its King of Hemp product line, aiming to reduce costs and accelerate new product launches.

Aquila, a division of Constellation Software Inc., has completed the acquisition of Infinity Enterprise Lending Systems (Infinity Software), a provider of loan management systems for alternative credit lenders. Infinity will operate as an independent business unit within Aquila, with the Leyva family transitioning ownership and Aquila providing permanent capital and operational support.

OLI Insurance Services, Inc., a subsidiary of Heffernan Insurance Brokers, acquired The Henkes Welsh Agency effective September 1, 2021. The Reno, Nevada-based agency will operate autonomously as a subsidiary of OLI and will leverage OLI's market access, resources and technology to grow its property & casualty and employee benefits business for commercial and personal clients.

Indianapolis-based Word Systems, LLC has acquired Evertel Technologies, a Las Vegas–based secure instant communication platform for law enforcement and first responders. Evertel will operate as a wholly owned subsidiary and retain its brand and leadership to expand Word Systems’ public safety communication and compliance capabilities.

MEI Rigging & Crating, a portfolio company of Dorilton Capital, has acquired Reno Custom Crating, a custom industrial crating provider founded by Susan and Gordon Geffert in 1992. RCC's operations and team will be integrated into MEI's Sparks, Nevada facility to expand MEI's crating capacity and better serve the northern Nevada manufacturing customer base.

The Riverside Company has acquired Corporate Visions Inc., a provider of science-backed sales, marketing and customer success training solutions, from Sentinel Capital Partners. Terms were not disclosed; Riverside said it will leverage its education and training experience to help grow Corporate Visions' product offerings and digital delivery capabilities.

Toll Brothers, the publicly traded luxury homebuilder, has acquired StoryBook Homes, a privately‑held Las Vegas homebuilder founded in 2003. The acquisition expands Toll Brothers' Las Vegas presence, adding five active communities, over 550 lots and historic local homebuilding expertise while retaining StoryBook's leadership and employees.

Two Labs, part of Envision Pharma Group, has acquired Riparian, a pharma consulting and SaaS firm that specializes in government price reporting, rebates, and program operations. The deal expands Two Labs' and Envision's capability in government pricing and strengthens their US expansion plans; Riparian will continue operating from its Henderson, Nevada headquarters and its founders will remain with the business. Terms were not disclosed.

HomeServices of America, a Berkshire Hathaway affiliate, acquired Americana Holdings — the largest independently owned Berkshire Hathaway HomeServices franchisee — bringing its Arizona, California and Nevada brokerage operations and affiliated title/escrow companies into HomeServices’ wholly‑owned portfolio. The deal expands HomeServices’ footprint in Nevada and deepens its presence across Arizona and California; financial terms were not disclosed.

Koch Strategic Platforms (KSP) provided growth capital to Lithion Battery Inc., taking a minority strategic investment while TriWest Capital Partners remains the majority equity holder. Lithion, a vertically integrated manufacturer of lithium-ion cells, modules and packs serving industrial, medical, robotics, defense and energy markets, will use the investment to accelerate growth initiatives and expand product and facility build-out.

Acies Acquisition Corp. completed a business combination with PLAYSTUDIOS, resulting in the combined company changing its name to PLAYSTUDIOS, Inc. and beginning to trade on Nasdaq under the ticker MYPS. The transaction provides PLAYSTUDIOS with approximately $220 million in cash to accelerate product development and pursue acquisitions while scaling its playAWARDS loyalty platform.

GHK Capital Partners LP, a Greenwich-based private equity firm, completed the acquisition of ITS Logistics, a U.S. third-party logistics provider. The transaction (terms undisclosed) transfers ownership from McNally Capital and its partners (including Coughlin Capital and the ITS founders) and positions ITS to expand services, invest in technology and physical assets, and grow its North American footprint.

Emler Swim School acquired All Star Swim Academy in Henderson, Nevada, adding the location as its 31st school in a deal that closed June 12, 2021. All Star will continue to operate under its name, with existing staff retained and existing monthly enrollment plans unchanged.

Sightline Payments, a Las Vegas–based FinTech focused on cashless payment solutions for gaming, has acquired JOINGO, a mobile engagement and loyalty platform serving casino operators. The acquisition expands Sightline's product capabilities to offer turnkey cashless gaming solutions and enhanced mobile loyalty/personalization for casino customers.

TELEO Capital Management completed a significant growth equity investment in Teesnap, a Las Vegas‑based golf course operations SaaS platform, partnering with existing shareholder Allegiant Travel Company. The capital will support product innovation, go-to-market initiatives, geographic expansion and follow-on acquisitions to accelerate Teesnap's growth.

IMEG Corp, a U.S.-based engineering consulting firm, has acquired MSA Engineering Consultants, a Las Vegas-headquartered MEP and low-voltage engineering firm. The acquisition strengthens IMEG's presence in Nevada (particularly Las Vegas) and expands its building systems and MEP capabilities; financial terms were not disclosed.

Healthcare Outcomes Performance Company (HOPCo), backed by private equity investors Audax Private Equity, Linden Capital Partners and Frazier Healthcare Partners, completed a recapitalization partnership with Spine Nevada. The deal, which closed April 23, 2021, positions Spine Nevada as the HOPCo Nevada care platform to expand musculoskeletal, orthopedic, sports medicine, spine, vein and related services across Nevada.

i-80 Gold Corp., through its wholly owned Delaware subsidiary Premier Gold Mines USA, Inc., completed the acquisition of all membership interests of Osgood Mining Company LLC — owner of the Getchell Project near Winnemucca, Nevada — from affiliates of Waterton Global Resource Management. Consideration included US$23.0 million cash (part of a US$50 million package of cash, shares, warrants and contingent value rights), 13,036,846 common shares, warrants and contingent payments tied to production milestones; i-80 plans an extensive drill program and a PEA for the project.

Service Champions Plumbing, Heating & AC, a portfolio company of Odyssey Investment Partners, has acquired Sierra Air, the leading HVAC company in Reno, Nevada. Sierra's founder Ron Ford becomes a shareholder and the businesses will continue to operate under their existing brand names as Service Champions expands its HVAC and plumbing footprint in the Western United States.

IMEG Corp acquired Las Vegas-based Mendenhall Smith Structural Engineers; the transaction closed on March 1, 2021 and terms were not disclosed. Blackcastle Partners acted as the exclusive sell-side advisor for Mendenhall Smith.

The International Paper Company has acquired Berkley International's Molded Fiber manufacturing division, Berkley MF LLC, from Berkley International. The deal transfers an 80,400 sq. ft. molded fiber plant (located outside Reno, Nevada) and capabilities for sustainable molded-pulp packaging to International Paper; the purchase price was not disclosed.

Physical Rehabilitation Network (PRN), a Carlsbad, California-based practice management and physical therapy operator, has acquired Performance Physical Therapy, Inc., a Reno, Nevada outpatient clinic founded in 2010 by Kirk Sachtler. The deal expands PRN’s Nevada clinic network to nine locations and brings Performance’s orthopedic, spine and sports rehabilitation services into the PRN platform.

The Equine Network has acquired Spalding Laboratories, a long-standing provider of all‑natural insect control products and recurring membership services for horses, livestock and pets, serving more than 60,000 customers annually. The transaction was completed with financial support from private equity firm Growth Catalyst Partners; founder Tom Spalding will remain involved in day‑to‑day strategic initiatives and product development. Terms were not disclosed.

BrightView Holdings, Inc. has acquired Green Image, LLC (GTI), a Las Vegas-based landscaping services company with more than 400 employees. The acquisition expands BrightView's maintenance and landscape development capabilities in the western United States; financial terms were not disclosed.

Files.com, a provider of secure file workflows and automation, received a $46.5 million growth investment from Riverwood Capital to accelerate product development and expand adoption of its cloud-based automation platform. The company -- a bootstrapped, profitable business serving more than 1,500 customers -- will use the capital to speed its development roadmap and scale growth.

IRIS Media Works, LLC has acquired Advisorpedia, a digital media and publishing company serving financial advisors. The merger will consolidate content and distribution under the Advisorpedia brand to accelerate delivery of educational and practice-building content for advisors.

An affiliate of American Pacific Group, together with Joe Falsetti of Dana Holdings, formed Yukon Wellness Holdings as a platform to acquire ecommerce-first wellness brands and simultaneously acquired Eu Natural, a digitally native provider of vitamin and mineral supplements. The deal establishes Yukon Wellness as a consumer-wellness platform that will support portfolio brands with go-to-market, product development, regulatory, and supply chain capabilities.

Vanco, a provider of technology and payment solutions for education, faith-based and nonprofit organizations, has acquired Smartcare, a cloud-based SaaS provider of child care center management software used by more than 2,000 centers. Smartcare's team will remain based in Las Vegas and Salt Lake City; the deal is supported by investor Great Hill Partners and was preceded by sponsorship of Smartcare from Charter Oak Equity and Lyrical Partners.

Platinum Specialty Underwriters acquired International Property & Casualty Insurance of Nevada, Inc. (IPC), a Managing General Agent (MGA) and Program Manager focused on E&S business and Hired & Non‑Owned Auto. The transaction closed December 31, 2020 and IPC will continue to operate under its established brand while enhancing Platinum's wholesale specialty insurance offerings.