Acquisitions in New Hampshire in 2022

UK-based pet supplements company Lintbells (home of YuMOVE) has acquired Walkin' Pets, a US leader in pet mobility aids headquartered in Amherst, New Hampshire. The acquisition is intended to expand Lintbells' US footprint, add mobility aid capability to its product portfolio, and open new international distribution channels for YuMOVE.

Machine Solutions Inc., a Flagstaff, Arizona-based provider of equipment and services for the medical device market, has acquired Intec Automation Inc., a custom machine builder headquartered in Rochester, New Hampshire. The acquisition positions Intec as the cornerstone of Machine Solutions' new automation division and expands the platform's automation engineering and manufacturing capabilities as an add-on to its PE-backed portfolio.

Therapy Brands, a Birmingham, Alabama-based healthcare IT company, has acquired New Hampshire-based The Echo Group, the creator of the EchoVantage visual EHR for behavioral health. The deal expands Therapy Brands’ behavioral-health EHR and practice-management capabilities to better serve community behavioral health agencies and enterprise customers.

Sila Services, a Northeast home-services platform, has acquired Total Climate Control, Inc., a Boscawen, New Hampshire-based HVAC, plumbing and electrical services provider that also operates in Vermont as Green Mountain Plumbing & Heating. The acquisition adds two locations and experienced technicians to Sila’s platform as part of a customer-focused expansion across the New England region.

Unified Door & Hardware Group, a portfolio company of Dunes Point Capital, has acquired Eaton Door and Frame, a value-add distributor of doors, frames and hardware based in Salem, New Hampshire. The acquisition is an add-on to Unified's platform to expand its distribution footprint and product capabilities in commercial, education, healthcare and other end markets.

Outdoor Living Supply (OLS), a hardscape-focused distribution platform backed by Trilantic North America, has acquired LandCare Associates, Inc., an independent distributor of natural stone, hardscapes and landscape supplies based in Madbury, New Hampshire. The deal expands OLS' footprint in northern New England and will keep Daniel Gordon in place to continue leading LandCare.

Sky Peak Capital, a New England-based private equity firm, has acquired Hicks Machine of Walpole, New Hampshire and launched Excelus Manufacturing Solutions as a holding platform for its precision machining investments. Excelus will combine Hicks and existing portfolio company Jarvis to serve aerospace & defense, medical, high-tech and commercial end markets and pursue additional machining, sheet metal, fabrication and additive manufacturing capabilities.

Bain Capital and a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA), together with the Merchants Fleet leadership team, completed the acquisition of Merchants Automotive Group (d/b/a Merchants Fleet and Merchants Auto). The management team will remain in place as co-investors; the transaction provides capital to accelerate Merchants' growth, technology initiatives and fleet electrification efforts and was supported by a $3 billion financing program arranged by Ares and others.

E78 Partners has acquired Macronet, a value-added services distributor and IT & telecom consulting firm. Macronet will operate as a service line under E78's Technology Management and Advisory business unit to expand E78's technology expense management and related capabilities for middle-market and private equity portfolio clients.

Hawk Ridge Systems has acquired ACCESS Manufacturing Systems, Inc. to expand its coast-to-coast manufacturing services and strengthen its CAM and 3D printing product and services portfolio. The acquisition brings ACCESS’s CAMWorks expertise and Markforged 3D printer capabilities into Hawk Ridge’s broader engineering, training, and support platform, enabling deeper service coverage for manufacturing customers across the United States.

The Channel Company, a portfolio company of EagleTree Capital, has acquired Lauchlan, a U.S.-based full-service marketing agency focused on the technology industry. The acquisition is intended as a capability-expanding add-on to scale creative and digital marketing services globally and accelerate time-to-market for clients across The Channel Company's platform.

Interpublic Group of Companies (IPG) acquired RafterOne, a global Salesforce multi‑cloud commerce solutions provider, from BV Investment Partners. The deal transfers RafterOne’s advisory, consulting and managed‑services capabilities on Salesforce into IPG to expand its commerce and Salesforce offerings.

Society Brands, an e-commerce aggregator, has acquired Milford, New Hampshire-based Yankee Toy Box, a retailer of licensed-character children's apparel, footwear and accessories. Founders Lisa and Kermit Zerr will remain involved (Lisa as Brand President) as the brand joins Society Brands' portfolio to accelerate channel expansion and product growth.

Tide Rock Holdings, a San Diego-based strategic holding company, has acquired Full Circle Electronics, an electronics recycling and IT asset disposition provider headquartered in Pike, New Hampshire. The deal expands Tide Rock's recycling platform coast-to-coast and adds certified electronics decommissioning and data-destruction capabilities to its portfolio.

Catalis, a government-focused SaaS and integrated payments provider based in Alpharetta, Georgia, has acquired New Hampshire-based Axiomatic, a web-based software provider for state property tax oversight (PropTax). The deal expands Catalis' CAMA and state-level property tax oversight capabilities and follows Catalis' recent rebrand and prior recapitalization led by PSG and TPG.

Munch's Supply, the HVAC distribution arm of Marcone, acquired New Hampshire-based Total Air Supply and Spiral Air Manufacturing, adding three branches servicing Manchester, Derry and Nashua, NH. The deal expands Munch's geographic footprint on the East Coast and adds Goodman equipment distribution and sheet-metal fabrication capabilities to its platform.

Trimble has acquired B2W Software, a Portsmouth, New Hampshire–based provider of estimating and operations solutions for the heavy civil construction industry. The acquisition expands Trimble’s civil infrastructure portfolio and integrates B2W’s estimating, scheduling, field tracking and equipment maintenance capabilities into Trimble Construction One to deliver more connected end-to-end workflows for contractors.

AMCS, the Limerick-based provider of software and vehicle technology for environmental and resource industries, has acquired Utility Cloud, a U.S.-based utility operations management SaaS platform. The purchase expands AMCS’ digital solutions for utilities and energy customers by adding Utility Cloud’s cloud-based operations management and compliance capabilities to AMCS’ portfolio.

3STEP Sports has acquired First Scout Productions to strengthen its video production capabilities and bolster its video division. First Scout, founded in 2009, produces game film and individual highlight videos, covers about 70 events per year, employs 12 full-time staff and leverages a network of over 600 freelancers.

Arsenal Capital Partners has acquired Innovative Products & Equipment and will combine it with portfolio company Eckhart to build a leading automation solutions provider serving medical device and life sciences customers. Terms were not disclosed; Innovative is headquartered in Hudson, New Hampshire and will expand Eckhart's Factory of the Future and advanced automation capabilities.

Naprotek, a portfolio company of Edgewater Capital Partners, has acquired MicroFab, Inc., a precision RF circuit fabrication and thin-film micro-machining business based in Manchester, New Hampshire. The MicroFab team and operations will be integrated into Naprotek's East Coast operations at SemiGen to expand Naprotek's RF and thin-film manufacturing capabilities for defense, medical, and telecom end markets.

River Associates Investments, LP acquired Humphrey's Industrial Products, Inc. (d/b/a The Rubber Group) in a transaction that closed on July 15, 2022. The Rochester, New Hampshire-based manufacturer of custom compression and injection-molded rubber products will be backed by River to pursue growth and add-on acquisitions; financing was provided by Bell Capital Finance (a division of Bell Bank).

Citizens Financial Group has agreed to purchase select assets and liabilities of Paladin Advisors, an independent registered investment advisor headquartered in Kensington, New Hampshire. The acquisition will fold Paladin into Clarfeld | Citizens Private Wealth, expanding Citizens' geographic presence and adding Paladin's investment allocation capabilities to its wealth management platform.

Allied Power Holdings, a Bernhard Capital Partners-backed provider of power plant services, has acquired Radiation Safety & Control Services (RSCS), a provider of radiological, laboratory and staffing services to the nuclear power industry. The add-on deal expands Allied's radiological monitoring, laboratory and technician capabilities to support nuclear plant operations and decommissioning; financial terms were not disclosed.

Hammond Lumber Company, a family-owned building materials retailer based in Belgrade, Maine, has acquired Brock's Building Materials, a third-generation, family-owned dealer in Rochester, New Hampshire. The acquisition expands Hammond into New Hampshire, adds Brock's employees to Hammond's workforce, and will operate the Rochester location as part of Hammond's existing branch network.

Hertz Furniture, a national school furniture provider headquartered in New Jersey, has acquired School Furnishings of Hudson, New Hampshire. The acquisition expands Hertz Furniture’s footprint in the New England market and preserves the target’s employees and management while supporting Hertz’s growth strategy.

Pfingsten-backed New England Electrical Contracting has partnered with Modern Link Communications ("Molicom"), a Plaistow, New Hampshire-based provider of maintenance, repair and upgrade services for critical telecommunications infrastructure. Molicom President and owner Keith Barnard will retain ownership and join New England Electrical's executive team as the combined company pursues Pfingsten's strategy to build a national independent telecommunications service provider.

Marco Rubber & Plastics, a portfolio company of Align Capital Partners, has acquired Ipotec LLC, a New Hampshire-based manufacturer of highly engineered silicone rubber products serving industrial, semiconductor, automotive, aerospace and medical end markets. The add-on expands Marco's product portfolio, sourcing capabilities and technical expertise while Ipotec founder Alan Randle will remain involved to support the transition.

Allied Motion Technologies (Nasdaq: AMOT) has acquired Airex, LLC, a 70-year-old Somersworth, New Hampshire manufacturer of high-precision electromagnetic components and motors. The acquisition expands Allied Motion's motor and electromagnetic product offerings and supports key end markets including defense, life sciences, semiconductor and other industrial applications; financial terms were not disclosed.

Altus Fire and Life Safety, a platform company backed by AE Industrial Partners, has acquired BK Systems, Inc., a Pembroke, New Hampshire-based provider of installation, monitoring and repair services for fire alarm, suppression and security systems. BK Systems' founder Karl Klardie and his daughter Beth Mortell retain a minority stake; terms were not disclosed. The deal is an add-on to the Altus platform and expands its presence and Honeywell NOTIFIER ESD capability across Northern New England.

Tyler Technologies has acquired Quatred, a New Hampshire-based systems integrator that provides barcoding and mobile inventory solutions. The acquisition will integrate Quatred's barcoding technology (QUICK) across Tyler's ERP and asset management platforms to deliver a single barcoding solution for Tyler's public-sector customers and bolster its ERP and asset maintenance capabilities.

Thoma Bravo completed an all-cash acquisition of Bottomline Technologies for approximately $2.6 billion, taking the payments software company private. Thoma Bravo said it will leverage its capital and operating expertise to accelerate Bottomline’s product innovation and global growth while Bottomline appointed Craig Saks as CEO.

Moonshot Brands, an e-commerce brands aggregator, has acquired QueryStax, a female‑founded SaaS company that automates eCommerce data storage and reporting for Amazon sellers. QueryStax’s team and technology will be fully integrated into Moonshot Brands to enhance the platform’s data and reporting capabilities for portfolio brands and customers.

Relation Insurance Services, a PE-backed national insurance brokerage based in Walnut Creek, California, acquired the assets of New Hampshire-based Guaraldi Insurance. Terms were not disclosed; Tim Guaraldi will continue to lead the Guaraldi team under Relation as the firm expands its Northeast footprint.

Fortis Solutions Group LLC, a portfolio company of funds managed by Harvest Partners, has acquired Label Tech Inc., an ISO-certified flexographic and digital manufacturer of pressure-sensitive and non-pressure-sensitive labels and flexible packaging based in Somersworth, New Hampshire. The acquisition expands Fortis's geographic footprint and product capabilities across consumer products, food & beverage, and health & beauty end markets.

G.S. Precision, a portfolio company of AE Industrial Partners, has acquired SMC Aerospace, a family-owned manufacturer of engineered tubes and machined components serving the aerospace and defense markets. The add-on expands G.S. Precision’s capabilities in precision tube and machined part manufacturing and will integrate SMC’s New Hampshire facilities and leadership into GSP operations.

Churchill Downs Incorporated (CDI) signed a definitive agreement to acquire Chasers Poker Room, a charitable gaming facility in Salem, New Hampshire. The acquisition will enable CDI to expand its historical racing machine operations into New Hampshire (its fourth state for HRMs); closing was expected in Q2 2022 and is subject to New Hampshire Lottery Commission approvals.

Fullscript, a care delivery platform for integrative medicine, has completed the acquisition of Emerson Ecologics, a longtime distributor of professional-grade supplements. The deal nearly doubles Fullscript's annual revenue and increases its practitioner reach to more than 70,000 healthcare professionals and over 5 million patients, expanding product assortment, diagnostic testing access and distribution capacity.

WilsonHCG, a global talent solutions firm based in Tampa, Florida, has acquired talent intelligence platform Claro Analytics to expand its real-time labor market and talent intelligence capabilities. The acquisition integrates Claro Analytics’ SaaS-based labor market data and analytics into WilsonHCG’s services to deliver on-demand and outsourced talent intelligence to enterprise clients.

Intervala LLC, a Primerock Capital portfolio company, has acquired EPE Corporation of Manchester, New Hampshire. The add-on expands Intervala's manufacturing capacity and capabilities in the U.S. Northeast—increasing total operating space and bringing on top-tier defense and other high-reliability customers—while former EPE CEO James D. (JD) Bell Jr. joins Intervala as vice president and general manager for the region.

Salt Creek Capital has acquired All Metals Industries, Inc. (AMI), a Belmont, New Hampshire-based distributor of carbon, aluminum, stainless and coated sheet/coil products serving customers across the Northeast U.S. Salt Creek is partnering with AMI management (CEO Heidi Paiva and President Paul Koza) and purchased the company from owner Terry W. Robinson, intending to build AMI as a platform for future growth and expansion.

FourQuest Energy Services has acquired Boyle Energy Services & Technology, Inc. (BEST), a New Hampshire–based specialist in pre-commissioning, commissioning and field services for power, oil & gas and chemical projects. BEST will operate as a separate company (renamed BEST Energy Services Inc.) under FourQuest, with its employees and leadership retained to expand FourQuest’s global pre-commissioning and commissioning capabilities.

Crestview Partners has completed the acquisition of Emerald EMS from New Water Capital, with Emerald's CEO Vic Giglio continuing to lead the company. Headquartered in Salem, New Hampshire, Emerald is a high-mix, low-volume electronics manufacturing services provider operating six U.S. facilities and one in China; financial terms were not disclosed. Crestview intends to invest in the business and pursue additional add-ons and capability expansion to accelerate Emerald's growth.