Acquisitions in New Hampshire in 2020

Alera Group announced the acquisition of Granite Group Benefits, LLC effective December 31, 2020. Granite Group Benefits, a Manchester, New Hampshire-based employee benefits and risk management firm led by K. Brian McLaughlin, will join Alera’s national platform while continuing to serve clients from its existing team; terms were not disclosed.

Behrens Investment Group, a New York–based investment firm, acquired the assets of Gorham Paper & Tissue and White Mountain Tissue (the Gorham mill) at the end of 2020. The mill will operate as White Mountain Paper Company under new leadership and Behrens plans significant infrastructure and sustainability investments to modernize production and grow tissue and towel output for the North American market.

Boston-based private equity firm Abry Partners completed a recapitalization of GreenPages Technology Solutions, a hybrid cloud services provider and systems integrator. The recapitalization will provide capital to accelerate GreenPages’ organic growth, support M&A activity and expand its go-to-market for cloud, security, and managed IT services.

Pace Analytical Life Sciences, a subsidiary of Pace Analytical Services, acquired Bio-Concept Laboratories, a Salem, New Hampshire-based pharmaceutical CDMO specializing in sterile aqueous formulation development and fill–finish manufacturing. The deal expands Pace’s sterile materials and ophthalmic manufacturing capabilities to better support clinical trial and drug development programs and strengthens its New England CDMO footprint.

Spartech, a St. Louis-based plastics manufacturer and portfolio company of Nautic Partners, has acquired Tufpak, Inc., an Ossipee, New Hampshire-based maker of medical-grade engineered plastic films and autoclave/biohazard bags. The deal expands Spartech's healthcare and biopharma packaging capabilities by adding Tufpak's proprietary polypropylene blown film extrusion technology and product lines.

Seaport Capital has made a significant investment to recapitalize Exacom, a developer of multimedia recording and logging solutions for public safety, government, utilities, healthcare and other mission-critical markets. The transaction converts Exacom’s ESOP ownership structure and provides capital to accelerate growth while keeping the existing management team, led by President and CEO Al Brisard, in place.

Pacific Defense, a defense electronics platform backed by HCI Equity Partners and Emerald Lake Capital Management, has acquired Nashua, New Hampshire–based Spear Research. The acquisition adds electronic warfare, signals intelligence (SIGINT/ELINT), RF engineering, advanced signal processing and autonomous networked sensor capabilities to Pacific Defense's portfolio to better serve DoD and select international customers.

DelCam Holdings (operating as DelCam Manufacturing) acquired PlasTech Machining & Fabrication from founders Lou and Claire Ferriero, with the transaction closing on November 6 (terms were not disclosed). The buyer has kept the Bow, New Hampshire facility and invested in equipment and staffing to grow the precision plastics machining business, which supplies medical device, semiconductor, marine and electronics customers.

Carely, Inc. has acquired Ro & Steve, an online senior living and care review site, and appointed Ro & Steve founder Matt Perrin as Carely’s Head of Growth. The acquisition integrates Ro & Steve’s family-first review platform into Carely’s caregiver and provider apps to expand the company’s capabilities and market reach in the senior / long-term care space.

Ampersand Capital Partners completed a majority recapitalization of American Laboratory Products Company (ALPCO) to provide growth capital for expanding ALPCO's diagnostics test kit offering, geographic reach, and R&D/production capabilities. Founders Richard and Jan Conley will remain shareholders, Sean Conley will continue as CEO, and Larry McCarthy, PhD was named Board Chairman.

424 Capital, alongside Eagle Private Capital, purchased a majority stake in Hospital Energy from founder and CEO Mark Mininberg. The New Hampshire–based energy management firm — which serves over 200 hospitals — will continue to be led by Mininberg as CEO and will serve as a platform for 424 Capital's push into hospital-focused energy management and sustainability services.

EVERSANA, a Chicago-based provider of commercial services to the life science industry, has acquired Alkemy Partners, a New Hampshire–based field learning and development firm that provides training, content creation and digital solutions for market access, sales and clinical engagement. The deal expands EVERSANA's field solutions and training capabilities — adding medical writing, training facilitation, leadership development and multimedia/digital learning capabilities to its commercial services platform. Financial terms were not disclosed.

Superior Plus Corp.'s wholly-owned U.S. subsidiary agreed to acquire the assets of Rymes Propane and Oil for approximately US$159 million, expanding Superior's U.S. propane distribution footprint in New Hampshire and New England. Rymes is a family-owned retail propane and heating oil distributor with about 46 operating locations, ~370 employees and ~88,000 residential and commercial customers.

The Firmament Group completed an investment in Profit Tools, LLC and concurrently launched Envase Technologies, a cloud-based intermodal TMS platform led by Larry Cuddy. Compcare Services, an existing Firmament portfolio company, participated alongside Firmament; financial terms were not disclosed. The move consolidates transportation-focused software capabilities to accelerate technology adoption across the intermodal drayage market.

PureFacts Financial Solutions has acquired VennScience, a full-service Salesforce consultancy headquartered in Portsmouth, New Hampshire. The acquisition expands PureFacts' Salesforce consulting capabilities and establishes a stronger presence in key U.S. markets including Boston and New York to better serve wealth management clients.

Frazier Healthcare Partners acquired EPTAM Precision Solutions from New Heritage Capital in a transaction that closed in December 2019; terms were not disclosed. Frazier named Operating Partner Mark Kemp as CEO and plans to accelerate EPTAM's growth and expand its precision manufacturing capabilities for medical device and other high-precision end markets.

Molded Devices, Inc. (MDI), a Tempe, Arizona-based plastics and rubber contract manufacturer, acquired MEDEFAB, a Jaffrey, New Hampshire OEM manufacturer of single-use plastic medical devices. The transaction, advised by XLCS Partners, closed on January 20, 2020 and expands MDI's medical device manufacturing capabilities and U.S. footprint.

GenNx360 Capital Partners has acquired a majority interest in AeroRepair Corp, a North American provider of wheel, brake, landing gear and component MRO services headquartered in Manchester, New Hampshire. The transaction represents a sale by Weinberg Capital Group, which had owned AeroRepair since 2012; management will remain in place as GenNx360 pursues organic and inorganic growth initiatives to expand the business.

NSA Industries, a New England contract manufacturer headquartered in St. Johnsbury, Vermont, has acquired Vitex Extrusion, a fully integrated aluminum extrusion manufacturer based in Franklin, New Hampshire. The acquisition expands NSA's manufacturing capabilities into aluminum extrusions and strengthens its contract manufacturing, machining and fabrication service offering for end markets including lighting, solar energy and automotive accessories.

Dude Solutions has acquired Bigfoot, a provider of cloud-based EAM/CMMS software (Bigfoot CMMS), expanding its portfolio of operations and asset management solutions. Dude Solutions — backed by Warburg Pincus — completed the transaction with Software Equity Group serving as exclusive advisor to Bigfoot.