Acquisitions in New Jersey in 2022

Capital For Business (CFB), a St. Louis-based SBIC private investment firm, completed a control investment in Innvoke, LLC, a Cranbury, New Jersey-based marketing and commercial printing company. Affiliates of CFB and Independent Bankers Capital Fund (IBCF) provided subordinated debt and equity; founder David Kovacs moved to a board role and co-investor status while Jay Ziegler joined as President. The investment is intended to support growth and build out a nationwide commercial printing services provider.

Wealth Enhancement Group acquired BFS Wealth Management, a hybrid registered investment advisor based in Iselin, New Jersey that oversees roughly $523 million in client assets. The deal expands Wealth Enhancement Group’s footprint in the New York–New Jersey–Connecticut Tri‑State region to 12 offices and brings a team of three advisors and six support staff onto its national platform.

Novvia Group, a Kelso & Company-backed national packaging platform, has acquired Rahway Steel Drum Company, a Cranbury, New Jersey-based distributor of drums, pails, IBCs and other rigid packaging solutions. The deal — financial terms not disclosed — expands Novvia's geographic footprint into the Northeast and adds distribution, reconditioning and dedicated logistics capabilities to its national platform.

Miner Ltd., the dock and door division of OnPoint Group, has acquired Able Rolling Steel Door Inc., a South Hackensack, New Jersey-based provider of overhead and specialty doors and loading dock equipment. The deal expands Miner’s presence in the New York City metro area and adds complementary new-construction, installation and service capabilities to Miner’s Northeast and Mid-Atlantic footprint.

Arsenal Capital Partners closed a previously announced $449 million stock purchase in Certara, acquiring shares from funds controlled by EQT Private Equity and becoming a long-term minority investor. As part of the transaction Arsenal appointed Operating Partner David Spaight to Certara's board while Stephen McLean remains a director; Arsenal agreed to a two-year lock-up on the newly purchased shares.

Comvest Partners has made a strategic private equity investment to acquire Flash Global, a Parsippany, New Jersey-based provider of post-sales service supply chain and warehousing solutions. Flash Global will become a new platform in Comvest's private equity portfolio and will continue to be led by CEO Sam Mikles as the firm supports the company's next phase of growth and capability expansion.

Affiliates of Z Capital Partners (ZCG) have acquired Universal Marine Medical Supply International (Unimed), the leading global provider of pharmaceutical and medical solutions to the maritime industry; financial terms were not disclosed. Unimed serves ~10,000 ships per year from 10 worldwide offices and ZCG plans to expand Unimed's addressable market into super yachts, yacht management companies and manufacturers while enhancing its medical supplies and services for cruise and commercial vessels.

Everest Clinical Research, a PE-backed full-service contract research organization, has acquired Brightech International, a specialist CRO focused on biostatistics, statistical programming, and clinical data management. The deal strengthens Everest's biometrics capabilities and global footprint, complementing its therapeutic strengths in Oncology, CNS, and Immunology.

Imperial Dade has acquired Country Clean Paper Supplies, a foodservice packaging and janitorial supplies distributor headquartered in Ocean Township, New Jersey. Financial terms were not disclosed; the deal expands Imperial Dade's footprint and product offering in the Northeast and is the company's 58th acquisition under Robert and Jason Tillis.

Carlson Private Capital Partners (CPC) made a significant investment in founder-owned Thermo Systems, a control systems integration firm headquartered in East Windsor, New Jersey. Thermo Systems (founded 1998) provides automation and control integration across data center, life sciences and district energy end markets, operates multiple U.S. and European offices, and has completed nearly 1,700 projects for over 200 customers; the investment is intended to support Thermo's growth and expansion.

Ennis, Inc. (NYSE: EBF), a Midlothian, Texas-based printed products manufacturer, has acquired School Photo Marketing, a Morganville, New Jersey company that provides printing, yearbook publishing and marketing services to over 1,400 school and sports photographers. Ennis said the acquisition expands its reach into the school/sports photography channel and will leverage Ennis’ manufacturing operations to service the new customers; School Photo Marketing will continue to operate from its current locations.

Full‑Life Technologies, a global radiotherapeutics company, agreed to acquire New Jersey‑based Focus‑X Therapeutics to expand its peptide‑focused radiopharmaceutical pipeline. Focus‑X shareholders are eligible for an upfront payment plus up to $245 million in development, regulatory and sales milestones and royalties; the deal was expected to close in Q1 2023.

CloudWave, a healthcare-focused cloud and managed IT provider, has acquired Sensato Cybersecurity and integrated Sensato’s Cybersecurity-as-a-Service platform into its OpSus offering. Sensato founder John Gomez will join CloudWave as chief security and engineering officer; financial terms were not disclosed.

TZP Group has made a growth investment in Soccer Post, the largest local-market-focused omni-channel soccer specialty retailer in the U.S., to support the company's national expansion across e-commerce, physical stores, and institutional channels. Soccer star Alex Morgan also joined as an investor and brand ambassador to support community engagement and future store ownership.

Allbridge, a Raleigh-based property technology solutions provider, has acquired Sonu Satellite, a national dealer of commercial, lodging, and institutional DIRECTV systems. The deal will combine Sonu's hospitality relationships and installation expertise with Allbridge's property-technology offerings to expand Allbridge's footprint in the economy and midscale hotel market.

All Metals Industries, a portfolio company of Salt Creek Capital, has acquired Gerber Metal Supply Company, a regional distributor and processor of carbon sheet steel products based in New Jersey. Brown Gibbons Lang & Company served as exclusive financial advisor to Gerber; the transaction facilitates founder succession and expands AMI's geographic coverage and service capabilities in the Northeastern United States.

Ambac Financial Group has acquired majority stakes in All Trans Risk Solutions, LLC and Capacity Marine Corporation, adding roughly $60 million of premium placed to its specialty P&C distribution platform, Cirrata Group. The deals expand Ambac's underwriting and wholesale brokerage capabilities in transportation-focused commercial automobile and marine insurance markets.

The Timken Company completed the acquisition of GGB, EnPro Industries’ mission-critical surface engineering and bearing business, for total proceeds of $305 million (subject to closing date purchase price adjustments). EnPro completed the divestiture to streamline its portfolio around Advanced Surface Technologies and Sealing Technologies and to reduce leverage; Timken said the deal expands its engineered bearing portfolio and complementary capabilities.

AEA Investors' Small Business Private Equity (AEA SBPE) has closed the acquisition of Rees Scientific, Inc., with rollover investment from the company's employees. Rees Scientific, headquartered in Trenton, New Jersey, provides automated environmental monitoring systems and a differentiated service network serving biopharma, biotech, hospitals, blood banks, academic and CRO customers.

Valiantys, a global Atlassian consulting and services firm, has acquired the consulting business of Addteq, Inc. in an asset purchase to deepen its Atlassian services and expand its footprint in North America. The deal is intended to broaden Valiantys' capabilities and service offerings for enterprise customers across the region; financial terms were not disclosed.

Cobepa S.A. has acquired Ned Stevens from family office AVALT in a transaction completed with co-investment from The Jordan Company and Ned Stevens' existing management team; AVALT will remain a minority investor. Ned Stevens, founded in 1965 and headquartered in Fairfield, New Jersey, is a leading provider of exterior residential services operating in 15 states and serving over 140,000 customers; Cobepa intends to support organic and inorganic growth of the business.

Ryder System, Inc. acquired Dotcom Distribution, an e‑commerce and omnichannel fulfillment provider that serves high-growth retail brands in health & beauty and fashion. The deal adds a 400,000-square-foot multiclient fulfillment facility in Edison, New Jersey and brings roughly 100 Dotcom employees and its leadership team into Ryder to expand Ryder's e‑fulfillment capabilities and national footprint.

Pexco LLC, a North American specialty plastics manufacturer, has acquired Plastic Profiles, a Parsippany, New Jersey-based maker of fluoropolymer rods, tubes and compression molded sheets. The add-on expands Pexco's technical capabilities in high-performance polymers and broadens its product offering for end markets including semiconductors, aerospace & defense, life sciences and industrial applications.

Alliant Insurance Services has acquired New Jersey-based Trivedi Capacity Associates and its HARP risk purchasing group, integrating them into Preferred Concepts within Alliant Underwriting Solutions. The deal expands Alliant’s underwriting capabilities and product offerings for community associations and condominium associations nationwide; terms were not disclosed.

RLDatix has acquired Porzio Life Sciences, a provider of compliance and risk-management SaaS products for the life sciences industry, from the law firm Porzio, Bromberg & Newman. The acquisition expands RLDatix's governance, risk and compliance (GRC) and life sciences capabilities and will see Porzio Life Sciences' founder join RLDatix as President and GM of its life sciences division.

Wind River Environmental, a PE-backed provider of non-hazardous liquid waste solutions, acquired Drain Innovations, a Westville, New Jersey drain cleaning provider owned by Anthony Canora. The add-on expands Wind River’s service footprint and capabilities in southern New Jersey and the greater Philadelphia market; Wind River is backed by Gryphon Investors.

Independence Pet Group (IPG) has completed the acquisition of Fairfax Financial’s U.S. and Canadian interests in the Crum & Forster Pet Insurance Group (C&F Pet) and Pethealth Inc., bringing multiple pet insurance brands and pet-wellbeing services onto IPG's platform. The deal expands IPG’s footprint in the United States and Canada and increases its scale across insurance brands, shelter services and pet registry capabilities.

KKR has signed definitive agreements to acquire 100% of Ness Digital Engineering from The Rohatyn Group. Ness, a Teaneck, New Jersey–headquartered full-lifecycle digital engineering and transformation firm with more than 4,000 employees globally, will be supported by KKR to scale its digital platform and pursue global growth; financial terms were not disclosed.

IDIQ, a Temecula, California-based identity protection and credit monitoring company, has acquired Countrywide Pre-Paid Legal Services, Inc., a New Jersey-based provider of voluntary employee benefits and pre-paid legal plans. The deal brings Countrywide's network of attorneys and voluntary benefits products into IDIQ's suite to expand its voluntary benefits offerings and distribution.

Pace Analytical Services, a division of Pace, has acquired Aqua Pro‑Tech Laboratory (APL), an environmental testing laboratory in Fairfield, New Jersey. The APL location will become a primary Pace lab for New Jersey and New York City customers, expanding geographic coverage and testing capabilities (including PFAS and air/stack emissions testing).

Digital Fuel Capital, a private equity firm focused on e-commerce, announced a majority investment in PuppySpot, the leading online puppy placement marketplace. The investment will support PuppySpot’s next phase of growth by investing in performance marketing, technology and marketplace capabilities to expand its consumer-facing platform.

Symeres, a Netherlands-headquartered transatlantic CRO/CDMO majority‑owned by Keensight Capital, has acquired Exemplify BioPharma, a Cranbury, New Jersey-based CMC-focused CRO. The deal strengthens Symeres' capabilities in process and analytical chemistry and formulation development and further expands its strategic foothold in the United States.

SIB Holdings, backed by O2 Investment Partners and supported by several financial partners, has made a strategic investment in GETIDA, a software and service provider that helps Amazon sellers recover lost FBA reimbursements. The investment will provide GETIDA with capital to build out its technology, expand globally, and broaden savings offerings beyond Amazon.

Bain Capital Private Equity has invested in CitiusTech, joining existing investor BPEA EQT (which acquired a majority stake in 2019). The minority investment will support CitiusTech's continued scaling, product/platform investments, and expansion of its digital healthcare technology and consulting services.

NetDocuments, a cloud-based document and email management platform, has acquired Worldox, a long-standing document management system (DMS) provider for the legal market. The acquisition aims to migrate and integrate Worldox customers onto NetDocuments' cloud platform and broaden NetDocuments' DMS capabilities and customer base.

Paycor, a leading HCM software company, has acquired Talenya, an AI-driven automated talent sourcing platform. The acquisition integrates Talenya's AI recruiting capabilities into Paycor's cloud HCM offering to speed sourcing, improve diversity hiring, and expand Paycor's talent acquisition functionality.

RFI Global has acquired MacroMonitor, a Princeton, New Jersey–based specialist provider of financial-services data and insights, to accelerate RFI's North American expansion. The deal, supported by RFI's investment partner Diversis Capital, will combine MacroMonitor's granular US dataset with RFI Global's international data and product capabilities to expand offerings for financial-services clients across North America.

Pye-Barker Fire & Safety has acquired Survivor Fire & Safety Equipment and sister company Total Fire & Safety Equipment to expand its footprint in New Jersey and eastern Pennsylvania. The acquired businesses will continue to be operated by their existing teams as part of Pye-Barker's ongoing add-on acquisition strategy in the Northeast.

GEODIS has completed the acquisition of Need It Now Delivers, a U.S.-based provider of last-mile delivery, contract logistics and distribution services, expanding GEODIS's footprint and capabilities in the United States. The deal adds over 65 locations, more than 300 distribution points and a workforce of over 2,000 to GEODIS's U.S. operations, strengthening its omnichannel, final-mile and e‑commerce logistics offerings.

RF Investment Partners led a strategic investment alongside MedEquity Capital and Kian Capital Partners to form Riverside Oral Surgery Management, LLC in partnership with Riverside Oral Surgery, LLC. The investment creates a physician-led multisite oral and maxillofacial surgery platform based in River Edge, New Jersey, intended to support affiliation growth, clinical autonomy for surgeons, and expansion across the Northeast.

Domain marketplace Odys Global has acquired JuiceMarket.com, bringing the aged-domain marketplace and its founder Sean Markey into Odys’ portfolio. The acquisition will be used to expand Odys’ marketplace offerings and launch Odys Spotlight content curated by Sean Markey to provide SEO insights and domain analysis.

Suntex Marina Investors, a Dallas-based owner and operator of marina properties, has acquired Channel Club Marina in Monmouth Beach, New Jersey. The four-acre facility on the Shrewsbury River features more than 140 slips, on-site restaurants, a pool and marina services; Suntex said the property will be added to its growing portfolio in the New Jersey/New York area.

Pye-Barker Fire & Safety has acquired Metro Fire & Safety Equipment in New Jersey as an add-on to expand its footprint in the state and the surrounding Northeast market. Metro Fire, founded in 1962, provides full-service fire protection and life-safety systems (installation, inspection, repair, sales and training) and will continue to be operated by President Brian Campbell and the existing management team with support from Pye-Barker.

Pye-Barker Fire & Safety has acquired Metro Fire & Safety Equipment, a New Jersey-based full-service fire protection and life safety company, to expand Pye-Barker's footprint in New Jersey and the surrounding Northeast market. Metro Fire will continue to be operated by its existing leadership with support from Pye-Barker as part of the buyer's ongoing regional consolidation strategy.

Jidan Cleaning, a family-owned commercial cleaning business based in Medford, New Jersey, has acquired Pieco Services Property Maintenance of Williamstown, New Jersey. The acquisition adds exterior landscaping and property maintenance services (landscaping, parking-lot maintenance, snow removal) to Jidan's offerings to create a one-stop interior and exterior facilities services solution for commercial customers.

3STEP Sports, the nation’s largest youth sports club and event operator, has acquired Patriot Lacrosse Club, a New Jersey–based elite youth lacrosse organization founded in 1998. The acquisition expands 3STEP’s lacrosse division and brings Patriot’s team, clinic and camp programming into 3STEP’s national platform.

Vital Records Control (VRC), a portfolio company of Windjammer Capital, has acquired 2-20 Records Management to expand VRC's national footprint in records and information management. The acquisition adds multiple market locations (including Atlanta, Chicago, Los Angeles, New York/Newark, Philadelphia, Phoenix and Tampa) and enhances VRC's suite of physical and digital information management services.

PX, a New York-based lead quantification and customer acquisition platform, has acquired Edufficient, an education-focused digital marketing agency. The acquisition expands PX’s reach into the education vertical (colleges, universities, boot camps and short-term programs) and adds Edufficient’s digital marketing and inquiry management capabilities to PX’s platform; financial terms were not disclosed.

Winsert, a portfolio company of Altus Capital Partners, has acquired Alloy Cast Products, Inc. (ACP), an investment casting and machining manufacturer of exotic cobalt alloys based in Kenilworth, New Jersey. The transaction is Altus' first add-on for Winsert since acquiring the platform earlier in 2022 and expands Winsert's casting and machining capabilities for aerospace, power generation, emissions control, and OEM customers.

iC Consult Group, a Carlyle Group portfolio company, has acquired Kapstone Technologies LLC, a Somerset, New Jersey–based provider of identity and security managed services. The acquisition expands iC Consult's managed services and offshore capabilities (notably in India) and strengthens its U.S. execution capacity in Identity & Access Management (IAM).