Acquisitions in New Hampshire in 2021

BayMark Health Services, a large provider of substance use disorder treatment, has acquired Granite Recovery Centers, adding residential treatment facilities and sober living homes in southern New Hampshire to its continuum of care. The acquisition expands BayMark’s residential treatment capabilities and geographic footprint in New England.

Union Park Capital has acquired ProPhotonix Limited and will integrate the business into its Exaktera group. ProPhotonix, a designer and manufacturer of OEM laser modules and LED illumination solutions serving industrial, medical and scientific markets, will continue to be led by CEO Tim Losik and expand Exaktera's capabilities in optical and lighting components.

Choice Financial Group, a PE-backed insurance agency platform, acquired Bernier Insurance Agency of Rochester, New Hampshire, marking Choice's first location in New England. Troy Dillow will remain president of Bernier as the agency leverages Choice's tools and Northlane Capital Partners' support to expand regionally.

Alta Equipment Group Inc. has entered into a definitive agreement to acquire the assets of Ambrose Equipment, LLC, a family-owned equipment distributor and LeeBoy asphalt equipment dealer based in Hooksett, New Hampshire. The acquisition expands Alta's footprint to 39 locations across 10 states; Ambrose generated approximately $35 million of revenue and $3.1 million of adjusted EBITDA on a trailing-twelve-month basis. The asset purchase is expected to close before year-end, with terms to be disclosed upon closing.

Copley Equity Partners completed a full buyout of Perkins Biomedical Services, a Concord, New Hampshire-based laboratory equipment service provider. Copley will use Perkins as a platform investment to build a market-leading laboratory equipment service business and pursue complementary acquisitions; terms were not disclosed.

Funds managed by Carlyle have acquired a significant minority equity stake in Resonetics, valuing the specialized medical device contract manufacturer at approximately $2.25 billion. Carlyle will join existing investor GTCR as a meaningful shareholder while Sverica retains a minority position; the investment will support Resonetics’ continued organic growth, international expansion and add-on acquisition strategy.

The Hilb Group acquired Clark & Lavey Benefits Solutions, Inc., including its medical captive solution InCap, effective November 1, 2021. The deal expands Hilb Group's employee benefits capabilities and increases its presence in New England; Hilb Group is a portfolio company of The Carlyle Group.

Global Precision Products, LLC has acquired Will-Mor Manufacturing, LLC, a Seabrook, New Hampshire-based precision contract manufacturer of mission-critical aerospace and defense components. The deal, completed in November 2021, was completed in parallel with subordinated debt and equity provided by Aldine Capital Partners alongside Touchpoint Capital Partners and expands Global's capabilities in tight-tolerance machining and high-temp superalloy work.

onsemi has completed its acquisition of GT Advanced Technologies (GTAT), a U.S.-based producer of silicon carbide (SiC). The acquisition strengthens onsemi's SiC crystal growth and wafer capabilities to secure supply for EV, EV charging and energy infrastructure markets and onsemi plans to invest in GTAT's manufacturing and R&D to scale 150mm and 200mm SiC production.

Outdoor Living Supply (OLS), a Trilantic-backed distribution platform for outdoor living and hardscape products, has acquired Landscapers Depot, a regional wholesale and retail supplier of landscape, hardscape and masonry materials serving southern New Hampshire and northern Massachusetts. The acquisition expands OLS's footprint into New England, strengthens sales and distribution capabilities for Landscapers Depot, and provides growth opportunities for the target's employees and customers; owners Tom and Kellie Greer partnered with OLS in the transaction.

Naprotek, a portfolio company of Edgewater Capital Partners, has completed the acquisition of SemiGen, Inc., a Londonderry, New Hampshire-based RF/microwave component and manufacturing services provider. Patriot Capital supported the transaction with subordinated debt and an equity co-investment; the deal expands Naprotek's RF/microwave product, assembly and test capabilities and extends its geographic reach across the United States.

PCI Pharma Services (PCI) has acquired Lyophilization Services of New England, Inc. (LSNE), a Bedford, New Hampshire–based CDMO, from private equity firm Permira. The deal expands PCI’s global sterile fill-finish and lyophilization capabilities, adding five FDA-approved facilities (U.S. and Spain) and strengthening its end-to-end manufacturing offering for biologics and injectables.

ISC Group LLC has acquired the direct sales division of Mosaic Technology Corporation, a Portsmouth, New Hampshire-based IT reseller and solutions provider. The deal expands ISC Group's offerings into hybrid, private and public cloud solutions and transfers existing product authorizations and service contracts from Mosaic's direct sales team.

Salona Global Medical Device Corporation (SGMD) acquired Simbex, LLC, an IP-driven medical device design and product company that generated approximately US$8.0 million in 2020 revenue. The acquisition is intended to expand SGMD’s recovery-medicine product portfolio, leverage manufacturing capabilities, and increase annualized run-rate revenues to over $24 million.

Grossman Marketing Group, a family-owned full-service marketing provider, has acquired New Hampshire-based Symbol Marketing & Promotions to expand its New England footprint and enhance branded merchandise and e‑commerce capabilities. The deal brings Symbol's local community relationships and client base into Grossman's broader suite of design, printing, logistics and experiential marketing services.

Locus Robotics, a Wilmington, Massachusetts-based leader in autonomous mobile robots (AMRs) for fulfillment warehouses, has acquired Waypoint Robotics, a Nashua, New Hampshire developer and manufacturer of industrial-strength omnidirectional mobile robots. The acquisition expands Locus's product portfolio to address heavier-payload and new warehouse use cases, accelerating product development and opening new market opportunities in logistics and e-commerce fulfillment.

Victory Capital Holdings, Inc. agreed to acquire 100% of New Energy Capital Partners (NEC), adding NEC as its 11th investment franchise and launching an alternative investments platform focused on clean energy infrastructure. NEC, a Hanover, New Hampshire–based alternative asset manager specializing in debt and equity investments in clean energy projects, will operate within Victory Capital's centralized operating and distribution infrastructure.

K Health has acquired Trusst, a messaging-based mental health app, to integrate text-based therapy and simulated expert conversations into its virtual primary care platform. Trusst founder Bill Hudenko, Ph.D., will join K Health as Global Head of Mental Health; terms of the deal were not disclosed.

MWH Constructors, a national water/wastewater construction firm, has acquired Methuen Construction Company, a self-performing general contractor headquartered in Plaistow, New Hampshire. The acquisition will keep Methuen as a separate operating entity under MWH's ownership and is intended to expand MWH's presence in the Northeast while combining complementary delivery capabilities.

Toronto-based Xello has acquired Awato, a Manchester, New Hampshire–based personalized career pathfinding platform used by K-12 schools and higher-education institutions. The acquisition expands Xello's product portfolio and brings Awato's technology and customer relationships into Xello to accelerate college- and career-readiness offerings.

Alera Group has acquired New England Employee Benefits Company (NEEBCo), a Concord, New Hampshire-based employee benefits and insurance agency, to broaden its Northeast footprint. NEEBCo will continue serving clients in its existing roles; terms of the transaction were not disclosed.

SigmaTron International has executed a definitive Agreement and Plan of Merger to acquire Wagz, Inc., a pet-technology company, by issuing 2,443,870 shares of SigmaTron common stock to Wagz shareholders. The transaction would result in Wagz stockholders owning up to approximately 28% of SigmaTron, with Wagz operating as a wholly-owned subsidiary; the deal is expected to close by the end of September 2021, subject to milestones and conditions.

ProAmpac, a Cincinnati-based flexible packaging company owned by Pritzker Private Capital, has acquired APC Paper Group, a producer of 100% recycled kraft paper packaging with mills in New Hampshire and New York. The add-on acquisition expands ProAmpac's paper manufacturing capabilities and strengthens its position in recyclable and sustainable packaging products.

Autism Care Partners (ACP) has acquired Autism Bridges, a founder-led, New Hampshire–based multi-state provider of Applied Behavior Analysis (ABA) services, expanding ACP's footprint and clinical capabilities across the Northeast. Thea Davis, founder of Autism Bridges, will join ACP as Chief Clinical Officer, and Coppermine Capital (ACP's investor) is referenced as ACP's equity partner supporting the combined platform.

Oscar W. Larson Company, a portfolio company of Trive Capital, has acquired WildcoPES. The add-on expands Oscar Larson’s presence to the East Coast and is intended as the first step toward building a nationwide platform to service energy infrastructure customers.

AQUALIS, a portfolio company of DFW Capital Partners, has acquired the assets of Environmental Services, Inc. (ESI), a stormwater management firm headquartered in Gilford, New Hampshire. The add-on expands AQUALIS' vac/jetting, sediment cleaning and water quality testing capabilities and increases its service density across the Northeast and Mid-Atlantic.

Periscope Equity completed a recapitalization of MAS Medical Staffing LLC, partnering with management as the first platform investment from Periscope Equity II. MAS is a tech-enabled medical staffing agency based in New Hampshire that serves long-term care, acute, and home-based care markets via its MAESTRA marketplace platform and will use the partnership to expand geographically, accelerate technology development, and pursue strategic acquisitions.

Susquehanna Growth Equity (SGE) made a majority growth investment in MediSpend, a Portsmouth, New Hampshire–based provider of SaaS compliance solutions for the life sciences industry. The investment will fund product and client expansion across life sciences; Scott Feldman of SGE will join MediSpend’s board alongside CEO Craig Hauben and existing investors Steve Eaton and Dave Cormack. Financial terms were not disclosed.

Bain Capital, via its Double Impact fund, has agreed to acquire a controlling stake in ConvenientMD from Starr Investment Holdings. The investment will support expansion of the Portsmouth, N.H.-based urgent-care chain (26 clinics, ~1,200 employees, ~$105M revenue) through new clinic openings across New England and service-line growth.

Swats Ventures, Inc. has purchased Comfort Keepers of Central New Hampshire from Through the Woods, Inc., formerly owned by Maundy Mitchell. The agency — a Comfort Keepers franchise providing non-medical, privately funded home care across central and northern New Hampshire — will retain current management and staff and continue serving local clients, including veterans under VA contracts.

Los Angeles-based private equity firm Butterfly has acquired a majority stake in Pete and Gerry's Organics, the leading U.S. producer of organic, free-range and pasture-raised eggs. British Columbia Investment Management Corporation (BCI) joins as a new minority investor and Pete and Gerry's CEO Jesse Laflamme will retain an ownership stake and continue to lead the company.

FMS Solutions, a New Heritage Capital-backed platform, has acquired two retail accounting services divisions from C&S Wholesale Grocers. The add-on expands FMS's SaaS-based and tech-enabled accounting and payroll offerings to independent grocery and multi-site retail customers.

Munch's Supply, a Ridgemont-backed Midwest HVAC distributor headquartered in New Lenox, Illinois, has acquired API of NH and Delta T, adding eight branches across New England and expanding Munch's footprint to 42 locations in 16 states. The deal brings API's Manchester, New Hampshire-based operations and employees into Munch's family of brands; the Engel family will continue to lead the business alongside Munch's management as part of a geographic expansion strategy.

Momentum Manufacturing Group, a large specialty metal manufacturer headquartered in Georgetown, Massachusetts, has acquired H&M Metals of Amherst, New Hampshire. The acquisition adds roughly 100,000 square feet of manufacturing capacity and nearly 100 employees to Momentum's operations, expanding its sheet metal fabrication, assembly and value‑added manufacturing capabilities in the Northeast.

Capital Resource Partners, a Boston-based private investment firm, has acquired Endur ID, a Hampton, New Hampshire manufacturer of durable patient identification wristbands and related identification products. The founders Robert and Sharon Chadwick sold the business and Robert Chadwick will remain actively involved post-closing.

Odyssey Investment Partners, a growth-oriented private equity firm, partnered with the SIAA management team to acquire SIAA, the nation's largest alliance of independent insurance agencies. The deal provides a succession solution for founder Jim Masiello and positions SIAA to accelerate growth through M&A, technology investment and other growth initiatives.

Private equity firm Bluff Point Associates has acquired True North Networks, a Swanzey, New Hampshire-based managed services and MSSP focused on SEC-compliant IT for registered investment advisors. The deal (closed March 12, 2021) adds private cloud hosting, managed IT and cybersecurity capabilities to Bluff Point's portfolio of technology companies serving the financial services industry; terms were not disclosed.

DocuPhase LLC, a Clearwater, Florida-based low-code/no-code AP automation and business process automation vendor, has acquired Treeno Software, a Portsmouth, New Hampshire-based document management and workflow automation provider. The acquisition expands DocuPhase's document management and workflow capabilities and enables the combined company to serve a broader range of customers across financial services, government, and K–12 education.

Wind River Environmental, a Gryphon Investors-backed environmental services platform, has acquired Felix Septic Service, Inc. and Eastern Pipe Service, both based in Bow, New Hampshire. The businesses — owned and operated by Mark Thompson and family — will remain led by the Thompson family and will augment Wind River's septic, sewer inspection, cleaning and trenchless repair capabilities across New England.

TSG, an Advent portfolio company and provider of business management software for boutique fitness, has acquired Adaptive Analytics LLC, a provider of data reporting and visualization tools for the health, wellbeing and fitness sectors. TSG will integrate Adaptive Analytics' Intelli-hub reporting and analytics capabilities into its Mariana Tek studio management platform to deepen its offering for boutique fitness studios and franchise groups.

Denver-based Krayden, Inc., a distributor of specialty chemicals and engineered solutions, has acquired Northern Composites of Hampton, New Hampshire. Northern Composites — a distributor and manufacturer of composite materials and vacuum bagging products — will continue operating at its Hampton, NH and Greensboro, NC facilities with existing employees retained; Krayden intends to leverage Northern Composites' manufacturing and kitting capabilities to broaden its product offering and technical service footprint.

Nebraska-based Mosaic has acquired Living Innovations Support Services, a New England provider that supports more than 1,300 people with disabilities. The acquisition expands Mosaic's presence into Maine, New Hampshire, Rhode Island and Connecticut and was facilitated by healthcare M&A advisor VERTESS.

Envest Capital Partners has acquired Bell & Williams Associates, a Windham, New Hampshire-based provider of repossession, collection, remarketing, and skip-tracing services. The transaction closed December 31, 2020; financial terms and seller details were not disclosed.

BV Investment Partners has made a growth investment in PixelMEDIA (Pixel), a digital commerce services firm that helps brands launch, manage and grow ecommerce on the Salesforce platform. Co‑founders Erik Dodier and Thomas Obrey will remain in their roles and retain significant ownership as BV partners with the team to expand capabilities, invest in staff, and accelerate growth.

Arcline Investment Management formed a new platform called Quantic and announced that Quantic has acquired TRM Microwave. TRM Microwave is a designer and manufacturer of custom RF and microwave components and subsystems serving military, space and commercial markets; the deal is an add-on to build out Quantic's mission-critical electronics capabilities.

TimeTrade Systems, a Clearhaven Partners portfolio company, has acquired SilverCloud LLC to combine enterprise scheduling with customer and knowledge management capabilities. The deal creates TimeTrade SilverCloud, a scaled SaaS customer experience provider serving financial services, healthcare, retail and other end markets; financial terms were not disclosed.