Acquisitions in New Hampshire in 2025

VSE Corporation has completed the acquisition of GenNx/AeroRepair IntermediateCo Inc., the parent company of Aero 3, from GenNx360 Capital Partners for $350 million in cash (subject to working capital adjustments). The deal expands VSE's global aviation aftermarket distribution and MRO capabilities—particularly in wheel and brake repair and distribution—and was funded with proceeds from VSE's October 2025 public offering.

Micro-Precision Technologies, a PE-backed micro‑electronics manufacturer, has acquired Stellar Manufacturing, a printed circuit board assembly (PCBA) provider headquartered in Salem, New Hampshire. The deal — completed in early October — expands MPT's micro‑electronics platform capabilities and was executed after MPT partnered with private equity firm Great River Capital Partners in mid‑2024; terms were not disclosed.

Microwave Techniques has completed the acquisition of Symphony Microwave Technologies, combining two manufacturers of high‑power microwave and RF components to create an advanced provider of microwave technology and RF solutions. The combined organization will operate across facilities in Gorham, Maine; Nashua, New Hampshire; and Hamburg, Germany, with more than 145 employees and aims to expand technical capabilities, product portfolio, and manufacturing capacity.

World Investment Advisors has acquired TCG Wealth Management, a Nashua, New Hampshire-based wealth management firm overseeing approximately $140 million in client assets. TCG will join World’s Boston Harbor Wealth Advisors branch, retaining its brand while gaining access to broader investment platforms, technology and operational support to strengthen World’s presence across New England and support advisor succession planning.

Anduril Industries has acquired American Infrared Solutions (AIRS), a U.S.-based manufacturer of cooled infrared cameras and components. Terms were not disclosed; Anduril says AIRS will continue to serve customers from its New Hampshire facilities while AIRS hardware is integrated into Anduril's sensing and imaging product families.

ITG Communications, a national provider of fulfillment, construction, and project management services to the cable, telecommunications, and utility industries, has acquired Advantage Utilities LLC, a New Hampshire–based fiber construction and maintenance company. The acquisition brings Advantage's ~85 W-2 employees and large subcontractor network into ITG, expanding ITG's Northeast footprint and customer partnerships across New England and the Mid-Atlantic.

Wall Works Holdings, through its New England platform Optimum Building Systems, has acquired C.I.D. Construction, Inc., a family-owned specialty contractor based in Candia, New Hampshire. The add-on expands Optimum/Wall Works' scale and service capabilities across New England in commercial framing, drywall, and insulation, and is supported by Wall Works' sponsors AVALT and VantEdge Partners.

Argosy Healthcare Partners completed a recapitalization and partnership with Integrated Solutions for Benefits and Insurance Services (IS Benefits), a Hooksett, New Hampshire–based stop-loss and employee benefits consulting firm. The investment will support IS Benefits' technology investments, geographic expansion, and scaled delivery of stop-loss underwriting, specialty drug management, and claims auditing services.

Parris Javaid, Inc., parent company of Parraid, LLC, has acquired DesignLinx Hardware Solutions, an award-winning FPGA and embedded systems engineering firm. The acquisition is intended to expand Parraid's FPGA and embedded software capabilities and consolidate engineering teams to accelerate development of next-generation telemetry and communications products.

Anduril Industries has acquired American Infrared Solutions (AIRS), a U.S.-based developer and manufacturer of cooled thermal/infrared camera systems. The deal brings in-house infrared sensor and camera manufacturing capabilities to support Anduril's defense and autonomous systems; terms were not disclosed.

Visterra Landscape Group has acquired Manchester, New Hampshire-based Outdoor Pride, expanding Visterra's commercial landscaping and snow-removal footprint across New England. Outdoor Pride's leadership team will remain in place and will partner with Riverside Services, Visterra's inaugural New England platform company; financial terms were not disclosed.

New England Private Wealth Advisors (NEPWA) has acquired DHK Financial Advisors, an RIA based in Portsmouth, New Hampshire, which manages $1.6 billion in assets as of June 30, 2025. The deal expands NEPWA's institutional/OCIO capabilities and geographic footprint across New England, creating a combined firm with nearly $5 billion in assets under management.

Maple Landmark, the family-owned wooden-products manufacturer based in Middlebury, Vermont, has acquired Green Mountain Tap Handles from founder Jason Gardner. The acquisition reunites Green Mountain Taps with Vermont operations and expands Maple Landmark’s handcrafted tap handle product line and production capabilities.

ACU-Serve has merged with Pinnacle (Pinnacle Revenue Management, Inc.), combining ACU-Serve’s revenue-cycle technology and teams with Pinnacle’s home infusion and ambulatory infusion center expertise. Effective July 28, 2025, the deal expands ACU-Serve’s infusion capabilities and leadership continuity — Jacqui Rose, Pinnacle’s founder and CEO, will become President of Infusion at ACU-Serve.

Virtusa Corporation has acquired Sincera Technologies, a software development and digital transformation firm focused on telecommunications, to strengthen Virtusa's AI, data and telecom transformation capabilities. The deal brings Sincera's 1Data platform and telecom domain expertise into Virtusa's digital engineering offerings to accelerate solutions for telecom and cable operators.

LawnPRO Partners, a platform backed by HCI Equity Partners, has acquired New Hampshire-based Seacoast Tree Care and Seacoast Turf Care (together, Seacoast Tree & Turf). The deal is an add-on to the LawnPRO platform to expand its New England footprint and supports the founder Dan Mello's retirement while retaining the company's employees for integration into LawnPRO's operations.

Usherwood Office Technology has acquired PiF Technologies, a New Hampshire-based provider of print and document management, to expand service capabilities and technical expertise across the Northeast. PiF will operate under the Usherwood name and clients will retain continuity of service while gaining access to Usherwood's broader portfolio of IT, managed print, and cloud solutions.

JLL Partners, a New York-based middle market private equity firm, has announced an investment in Vascular Technology, Incorporated (VTI), a Nashua, New Hampshire-based medical device company that develops intraoperative Doppler systems and remote suction/irrigation solutions. As part of the transaction JLL partnered with entrepreneur Nilendu Srivastava and the VTI management team and appointed Greg Groenke as CEO and Lars Marcher as Executive Chairman to accelerate product development and market expansion.

Igneo Infrastructure Partners, a global infrastructure investment manager, has acquired Infinity Aviation Group, a fixed‑base operator (FBO) platform headquartered in Nashua, New Hampshire, including on‑airport assets at Boire Field (KASH). Transaction terms were not disclosed; Igneo named Steven Levesque CEO of Infinity Aviation and said it will invest to grow and develop general aviation infrastructure across North America as part of its dedicated North American strategy.

Meet The People (MTP), a New York-based agency group backed by Innovatus Capital Partners, has acquired Yeoman Technology Group, a Portsmouth, New Hampshire consultancy specializing in retail media and Amazon marketplace strategies. The acquisition expands MTP's retail media and performance marketing capabilities and integrates Yeoman's specialists and proprietary technology into MTP's Swell Media brand structure; terms were not disclosed.

Brothers James and Erik Kirste purchased Patriot Nissan of Salem, New Hampshire (including the related real estate) from Patriot Automotive Group owner Adam Arens; the sale closed June 2. The Presidio Group served as exclusive M&A advisor to Patriot Automotive Group on the transaction. Adam Arens will continue to operate his remaining Subaru and Acura stores in Maine and Massachusetts.

Blue Mantis, a Portsmouth, New Hampshire–based IT solutions and managed services provider, has acquired North Shore Data Services, an IT services firm focused on customized network infrastructure solutions headquartered in Kingston, New Hampshire. The acquisition bolsters Blue Mantis' networking practice (SD‑WAN, WAN/LAN, wireless) and creates cross‑sell opportunities across Blue Mantis’ cyber, cloud and carrier services while adding a vertically diverse set of ~200 customers.

NMS Capital has recapitalized Capstone Mechanical, a Portsmouth, New Hampshire-based commercial HVAC and refrigeration service provider. The private equity partnership will support Capstone's organic growth and M&A strategy to expand its footprint and capabilities across the Eastern United States; terms were not disclosed.

AVALT and VantEdge formed Wall Works Holdings, a platform to partner with regional specialty contractors in the finishing trades, and announced the acquisition of Optimum Building Systems as the platform's second regional hub. Optimum, founded in 1990 and headquartered in Litchfield, New Hampshire, provides drywall, acoustic ceiling tile, waterproofing and exterior cladding installation services to general contractors across northern New England; terms were not disclosed.

TeamDynamix, a provider of IT service management and automation solutions, has acquired Sassafras, a software asset management (SAM) and IT asset inventory company. The acquisition expands TeamDynamix's ITAM and SAM capabilities to provide unified asset intelligence, improved license compliance, and better cost control for enterprise, education, and government customers.

Chicago-based ONDEX Automation has acquired NeoMatrix, a software-focused factory automation systems integrator with offices in Andover, MA; Portsmouth, NH; and Colorado Springs, CO. The acquisition expands ONDEX's capabilities into SCADA, MES and digital transformation solutions and broadens service offerings (including UL508A-certified panels and electrical installation) for its manufacturing customers across pharmaceuticals, semiconductors and food & beverage.

Peak Mobile Holdings, a national provider of mobile healthcare services, has acquired New England Vascular Access, a mobile vascular access provider serving New Hampshire, Vermont and Maine. The acquisition deepens Peak's presence in the Northeast and expands its ability to deliver on-demand vascular access services across skilled nursing facilities, infusion centers and patient homes.

Resolution Medical Billing, a Wanaque, New Jersey-based medical billing and practice management firm, has acquired Claims Express LLC, a privately owned New Hampshire medical billing services provider. The acquisition expands Resolution Medical Billing's presence in the New England region and brings Claims Express's physician-practice clients and revenue-cycle capabilities onto Resolution's operational platform.

Groundworks, a national foundation and water-management platform, has acquired Rescon Basement Solutions of Hooksett, New Hampshire. The deal—Groundworks' 45th acquisition—marks the company's first location in New Hampshire and expands its New England footprint; Rescon's team will continue operating under the Groundworks name.

UK-based testing, inspection, certification and compliance platform Celnor Group has acquired John Turner Consulting (JTC), a New Hampshire–based geotechnical, materials testing and environmental consulting firm. The deal — Celnor's first expansion outside the UK and Ireland and an add-on to the Inflexion‑backed platform — keeps founder John Turner in place and adds roughly 150 employees across eight New England offices.

Inspired Education Group has acquired US Performance Academy (USPA), a Cognia-accredited online school for elite student‑athletes. The acquisition expands Inspired's online schools portfolio and strengthens its capabilities in online K‑12 education and elite student‑athlete support while deepening its presence in the United States.

Thrive, a global technology outsourcing provider, has acquired Secured Network Services (SNS), a New Hampshire–based IT provider serving healthcare, non-profit, and municipal customers. The deal expands Thrive's presence into New Hampshire and deepens its New England footprint while extending Thrive's security operations center and hybrid cloud capabilities to SNS customers; Thrive is PE-backed following a strategic investment from Berkshire Partners and Court Square Capital.

LightPath Technologies, Inc. agreed to acquire G5 Infrared, LLC for $27.0 million in a cash-and-stock transaction (with potential performance-based consideration) to create a vertically integrated infrared imaging solutions provider. G5, a Hudson, New Hampshire-based maker of high-end cooled infrared camera systems with preliminary 2024 revenue of at least $15 million, will expand LightPath's product portfolio and accelerate revenue growth; the combined company is expected to achieve at least $55 million in revenue in the 12 months following closing.

The Hilb Group, a Richmond-based property & casualty and employee benefits brokerage (and portfolio company of The Carlyle Group), acquired a New Hampshire-based property and casualty business that expands its P&C offerings in New England. The acquisition took effect in early 2025 and is an add-on to Hilb Group’s existing platform as it continues regional expansion.

Whitsons Culinary Group, a portfolio company of GenNx360 Capital Partners, has acquired Glendale Senior Dining, Inc., a contracted dining services provider for senior living and long-term care communities. The acquisition adds over 50 New England locations and more than 400 associates to Whitsons, deepening its healthcare/senior-living foodservice presence and expanding its regional footprint.

SAM Companies, a leading North American provider of geospatial and inspection solutions, has acquired Doucet Survey, a New England-based land surveying and geomatics firm. The acquisition expands SAM's presence in the Northeast U.S. and brings advanced capabilities in high-definition laser scanning and UAV/geomatics to SAM's service offering.

Trivest Partners has launched Canopy Services, a PE-backed residential roofing and gutter platform, after acquiring Adam Vaillancourt Roofing of Milford, New Hampshire. The platform — backed by Trivest's Mid-Market Fund VII — currently operates 12 locations across five states and will pursue additional acquisitions and organic growth to scale its residential services footprint.

Camden National Corporation completed an all-stock merger to acquire Northway Financial, Inc., the parent of Northway Bank, expanding Camden National's presence in New Hampshire. The combined institution has approximately $7.0 billion in assets and 73 branches; Northway shareholders received 0.83 shares of Camden National common stock for each Northway share (cash paid for fractional shares).