Acquisitions in New Jersey in 2024

OMERS Private Equity has acquired a majority stake in Integris, a national managed IT services provider, from Frontenac. The deal (terms undisclosed) positions OMERS to enter the MSP sector and to support Integris' continued expansion through organic growth and strategic add-on acquisitions; Integris is headquartered in Cranbury, New Jersey and employs over 600 people nationwide.

Sumitomo Corporation and Sumitomo Corporation of Americas completed the full acquisition of Werner Aero LLC, effective December 27, 2024, making Werner Aero a wholly owned subsidiary. The deal expands Sumitomo's aircraft aftermarket capabilities by integrating Werner Aero's aircraft procurement, dismantling, repair, inventory management and parts sales operations to better serve airlines, lessors and MRO customers.

Amynta Group has acquired the Credit Division of Crum & Forster (a Fairfax Financial subsidiary). The acquired business will operate as a full-service Managing General Underwriter under Amynta Risk Solutions, led by Daniel L. Sussman, and C&F will remain a distribution/partner for the business.

Novo Holdings has completed its previously announced all-cash acquisition of Catalent, Inc. for an enterprise value of approximately $16.5 billion, with Catalent stockholders receiving $63.50 per share. Shortly after closing, Novo Nordisk will acquire three Catalent fill-finish sites (Anagni, Italy; Bloomington, Indiana; and Brussels, Belgium) and related assets from Novo Holdings.

Milrose Consultants, a Southfield Capital-backed national building code and compliance firm, has acquired Construction Specifications, Inc. (CSI), a Morganville, New Jersey-based architectural specification writing and consulting firm. The add-on deal — financed by Monroe Capital with counsel from Wiggin and Dana LLP — expands Milrose's technical capabilities and geographic reach across public and private construction end markets.

AUA Private Equity Partners and Avance Investment Management jointly made a significant minority investment in Tropical Cheese Industries, a family-run Hispanic cheese and food brand founded in 1982. The founding Mendez family and Tropical Cheese management will retain a significant minority interest; the investors plan to support national expansion, deepen distribution (direct-store-delivery), and pursue complementary M&A opportunities. Terms were not disclosed.

CargoSprint, a Lone View Capital portfolio company, has acquired Advent Intermodal Solutions LLC (Advent eModal), the world's largest port community platform. The combination expands CargoSprint's freight payments and workflow orchestration capabilities across air, sea and land, and follows Lone View Capital's strategic investment in CargoSprint earlier this year.

Partners Warehouse, a portfolio company of Red Arts Capital, has acquired PSS Distribution Services, a Northeast third-party logistics (3PL) provider headquartered in Jamesburg, New Jersey. The add-on expands Partners Warehouse's East Coast footprint, strengthens its food- and ingredients-focused warehousing capabilities, and broadens its service offering for retail, grocery and e-commerce customers.

Bensussen Deutsch & Associates (BDA), a Woodinville-based global merchandise agency, has acquired Piscataway, New Jersey–based promotional-products and software company SwagUp. The deal adds SwagUp's SaaS-powered ordering and fulfillment platform to BDA's offerings, strengthening BDA's technology-enabled branded merchandise capabilities and expanding its enterprise service suite.

KnoWEwell, P.B.C. has acquired Natural Awakenings Publishing Corporation, the publisher and franchisor of the Natural Awakenings magazine network. The acquisition brings together KnoWEwell's regenerative whole-health digital hub with Natural Awakenings' print and franchise network (46 U.S. territories, ~1.3M monthly readers) to create an integrated digital and print leader in whole-health and sustainable living content; terms were not disclosed.

Punctual Pros, a leading operator of One Hour Heating & Air Conditioning, Benjamin Franklin Plumbing and Mister Sparky Electric, has acquired Horvath Home Services, expanding its footprint into Ocean and Monmouth Counties in Central New Jersey. The deal is Punctual Pros' first out-of-state acquisition since the company was acquired by Broad Sky Partners earlier in 2024 and is intended to drive mid-Atlantic geographic expansion and operational synergies.

ALKEME, a Top 35 insurance brokerage based in Ladera Ranch, California, has acquired Jacobson Professional Insurance, a West Orange, New Jersey-based specialist in legal malpractice insurance and risk management. The acquisition strengthens ALKEME's professional liability capabilities and Northeast presence; Jacobson founder Scott Jacobson will continue to lead the team within ALKEME.

Mazza Recycling Services, a Tinton Falls, New Jersey-based hauler and recycler, has acquired Bull Waste & Recycling of Berlin, New Jersey from the Mount Group. The acquisition expands Mazza's roll-off container and C&D hauling capabilities and extends its service footprint across additional South Jersey counties.

Funds managed by Ember Infrastructure have made a growth investment in Advanced Recycling Technologies Holdings, LLC (ART) to scale ART’s distributed metals recovery and recycling platform. The capital will support expansion of ART’s fleet of onsite metals recovery systems—already operating in the Mid-Atlantic, Michigan, and Massachusetts—and accelerate commercialization with upstream waste and WTE partners.

Afore Insurance Services has partnered with New Jersey-based BCA Insurance Group to establish a Mid-Atlantic regional platform hub. BCA will continue to operate under its existing leadership and branding while leading Afore’s commercial lines business in the region; financial terms were not disclosed.

Digital Artistry, a New Jersey-based marketing and e-commerce agency, has acquired Croton Watches, a legacy timepiece brand founded in 1878. The deal brings Croton's e-commerce-first retail operation (over $40 million in annual revenue) under Digital Artistry's ownership with founder David Mermelstein remaining as Chairman to guide product design.

Platform Partners, LLC has acquired Progressive Pipeline Management (PPM), a trenchless pipeline rehabilitation contractor that specializes in cured-in-place lining for natural gas distribution pipelines. Commonwealth M&A served as exclusive sell-side advisor and the deal provides PPM with financial and strategic backing to support growth and innovation.

Steward Partners has acquired Mainstay Wealth Management, a 14-person advisory team led by Timothy Burklow Sr. and Matthew Rotella, adding four advisors and over $850 million of assets under management. The move expands Steward Partners' presence in New Jersey with a new Riverdale office and brings experienced advisors from Ameriprise to the firm's Legacy Division.

One80 Intermediaries, a Boston-based specialty insurance broker, has acquired Waypoint Underwriting Management, a Basking Ridge, New Jersey-based reinsurance managing general underwriter. The acquisition expands One80's reinsurance and underwriting capabilities across property, casualty, workers' compensation and accident & health products; terms were not disclosed and Dowling Hales acted as exclusive financial advisor to Waypoint.

Cumberland County Auto Group, led by Greg Munoz and Sal Iannuzzi, has purchased Vann Chrysler Dodge Jeep Ram in Vineland, New Jersey from long-time owner George Vanderheyden. The franchised dealership will be renamed Vineland Chrysler Dodge Jeep Ram and becomes the group's fourth New Jersey location.

Medical Technology Associates, LLC (MTA) has acquired Major Medical Hospital Services, Inc., a West Berlin, New Jersey–based provider of medical gas services, equipment distribution, and compliance testing. The acquisition expands MTA’s service and equipment footprint into Northeastern U.S. markets and brings Major Medical’s management and employees into MTA while maintaining current operations.

Universal Technical Resource Services, Inc. (UTRS) formed a new majority-owned subsidiary, UTRS InfoSec LLC, and acquired Black Cipher Security, LLC to expand its cybersecurity capabilities. The acquisition brings Black Cipher's managed security, incident response, and risk management expertise into UTRS to strengthen services for the Department of Defense and commercial clients.

Private equity firm Blackstone has agreed to acquire a majority ownership position in Jersey Mike's Subs, with founder and CEO Peter Cancro retaining a significant equity stake and remaining CEO. The partnership is intended to accelerate Jersey Mike's U.S. and international expansion and support investments in technology and digital transformation; the transaction is expected to close in early 2025 pending customary approvals.

MJH Life Sciences has acquired the Revolutionizing Atopic Dermatitis (RAD) Annual Meeting, a CME-certified conference focused on advances in dermatology. The meeting will be integrated into MJH's multichannel education model and the legacy meetings portfolio of Physicians' Education Resource (PER), expanding MJH's dermatology education offerings with support from its established brands and PE backers.

1315 Capital, a Philadelphia-based growth equity firm, has acquired SciSafe from BioLife Solutions in an all-cash transaction that establishes SciSafe as an independent, standalone biostorage company. The deal accompanies a growth capital investment to fund expansion of SciSafe's biostorage, cold-chain and compliance capabilities and to support global footprint growth.

LINC Systems, a Center Rock Capital Partners portfolio company, has acquired CORUS Fastening, a distributor of industrial fasteners and pneumatic tools based in Springfield, New Jersey. The add-on expands LINC's presence and service offerings across the Northeast and Mid-Atlantic U.S., leveraging CORUS's onsite repair capabilities and long-standing customer relationships.

TPG will make a strategic minority growth investment in Demopolis Equity Partners through its TPG NEXT strategy, providing growth capital and operational support to help scale the Demopolis platform. Demopolis, a technology-focused lower-middle-market private equity firm founded in 2022, will gain access to TPG's capital formation, capital markets, sourcing, and diligence capabilities.

World Insurance Associates LLC acquired the business of United Counties Insurance Group (Old Bridge, New Jersey) effective August 1, 2024; terms were not disclosed. The deal expands World’s personal and commercial insurance footprint in New Jersey and enables United Counties to offer additional products and services through World’s national platform.

Clarion Events has acquired Eaton Hall, a specialist organizer of highly targeted, face-to-face, pre-arranged meetings-based forums, and will fold the business into a new division called Clarion Connect. Eaton Hall founder Scott Goldman will remain as Chairman of Eaton Hall as Clarion consolidates its 1-to-1 events capabilities across North America and UK/Europe.

Velocity One, a newly formed aerospace manufacturing holding company backed by Charlesbank Capital Partners (with Launch Point Partners as a strategic co-investor), signed a merger agreement to acquire EMCORE Corporation for $3.10 per share in cash. EMCORE will become a wholly owned subsidiary of Velocity One, joining Cartridge Actuated Devices and Aerosphere Power to form a consolidated aerospace & defense manufacturing platform focused on growth and operational synergies.

Wealth Enhancement Group has acquired M&R Capital Management, an independent RIA based in Summit, New Jersey that manages over $536 million in client assets. The three-advisor team (plus three support staff) will join Wealth Enhancement Group to access its centralized services and expand the firm's presence in New Jersey.

CoStar Group has completed its acquisition of Visual Lease, a lease administration and accounting SaaS platform. The deal enhances CoStar's Real Estate Manager business by integrating Visual Lease's lease management, accounting, and ESG capabilities to expand product functionality for mid‑market and enterprise customers.

Gridiron Capital led a majority recapitalization of Health Monitor Network, with existing investor WestView Capital Partners receiving liquidity while remaining a material shareholder. Health Monitor CEO David Paragamian and the management team are reinvesting and will continue to lead the company as Gridiron supports accelerated growth across channels and new products; financial terms were not disclosed.

New Jersey American Water, a subsidiary of American Water, completed the $6.5 million purchase of the Borough of Manville’s wastewater collection system, adding approximately 4,300 wastewater customers. The sale—approved by municipal referendum and state consent—transfers system ownership to the utility, which committed to invest a minimum of $10 million in wastewater improvements over the next ten years.

Pye-Barker Fire & Safety has acquired Systems Design Group (SDG), a Flemington, New Jersey-based provider of fire detection, security alarms, access control and 24/7 monitoring services. The purchase expands Pye-Barker’s coverage and capabilities in the tri-state region, allowing the combined company to better serve commercial and industrial customers in New Jersey and surrounding areas.

Insurcomm, a national disaster restoration and construction services provider, has acquired Theraclean Restoration, a New Jersey-based property restoration specialist headquartered in Southampton, NJ. The deal expands Insurcomm’s footprint in the mid-Atlantic region and broadens its restoration capabilities for both commercial and residential customers.

Phibro Animal Health Corp. has completed the acquisition of Zoetis Inc.'s medicated feed additive product portfolio and certain water‑soluble products. The deal transfers more than 37 product lines, six manufacturing sites (U.S., Italy, China) and a team of over 300 employees to Phibro, expanding its species coverage and product capabilities across cattle, swine and poultry.

Risk Strategies has acquired Felsen Insurance Services, Inc., a Denville, New Jersey-based specialty commercial and personal P&C insurance agency focused on condominium associations, religious institutions, and high net worth clients. Terms were not disclosed; Risk Strategies said the deal strengthens its specialty presence in the New York metro and brings Felsen's expertise and client relationships into its platform.

Experic, a Cranbury, New Jersey-based CDMO and clinical trial supply services firm, received a growth capital investment led by 1315 Capital with participation from existing investors East Seattle Partners, Harro Höfliger Packaging Systems, Inc., and Kineticos Ventures. The capital will be used to enhance Experic’s manufacturing capabilities and accelerate its international expansion to better serve biopharmaceutical clients.

PES Benefits has acquired the Benefits Administration business from Clarity Benefit Solutions, bringing Clarity's benefits administration team and technology into PES's platform. The deal expands PES Benefits' technology capabilities and service offerings, and includes a reseller agreement under which Clarity will continue to market benefits solutions through PES.

One Equity Partners (OEP) has completed the acquisition of York Telecom Corporation (Yorktel), a global managed services and systems integrator specializing in enterprise collaboration and AI-based monitoring; financial terms were not disclosed. Headquartered in Wall, New Jersey and founded in 1985, Yorktel has over 500 employees and will partner with OEP to grow organically, pursue strategic acquisitions, and expand its Modern Workplace and collaboration offerings.

KCI Technologies Inc. has acquired McLaren Engineering Group, a New Jersey-based full-service engineering and surveying firm with roughly 200 employees and 11 offices. The transaction expands KCI’s Professional Services sector capabilities and geographic footprint across the Northeast, adding McLaren’s expertise in structural, civil, bridge, marine engineering and surveying.

NutriScience Innovations, a portfolio company of Tilia Holdings, has acquired XSTO Solutions, a Morristown, New Jersey-based supplier of nutraceutical and functional ingredients. The deal adds six branded products to NutriScience's portfolio and strengthens its formulation and ingredient supply capabilities for the dietary supplement, functional food & beverage, and animal health markets.

Numerix has acquired Kynex, a specialist platform for convertible securities valuation, portfolio and risk management, and trade/order management. The acquisition expands Numerix's asset-class coverage and enhances its Front-to-Risk analytics capabilities for investment banks, asset managers, hedge funds and broker-dealers.

Seattle-based creative experience agency DCG ONE has acquired Cirangle Design, a boutique direct marketing agency based in New Jersey. The deal expands DCG ONE's direct marketing and direct-mail design capabilities to support its enterprise client base.

Ardena, a GHO Capital-backed CDMO, has signed a definitive agreement to acquire Catalent's FDA-approved drug product manufacturing facility in Somerset, New Jersey. The acquisition — expected to close in early 2025 subject to approvals — expands Ardena's US footprint and downstream capabilities in oral solid dosage manufacturing and bioanalytical services.

ACR (AmerCareRoyal), a portfolio company of HCI Equity Partners, has acquired Mat-Pac, Inc., a supplier of paper, plastic, aluminum and sustainable packaging solutions for the North American foodservice and janitorial/sanitation markets. The add-on strengthens ACR's product portfolio, expands its reach across foodservice and JanSan end markets, and retains the Mat-Pac leadership (the Jimenez family) in an ongoing role.

Actylis has acquired Pharm-Rx, a Saddle Brook, New Jersey-based supplier of specialty ingredients for the vitamin, mineral and supplement (VMS), OTC and pharmaceutical markets. The deal expands Actylis' nutrition and OTC capabilities and supplier partnerships; Pharm-Rx will continue to operate under its brand and Mark Bostel will become President, Global Nutrition and OTC for Actylis. Financial terms were not disclosed.

Allworth Financial has acquired New Jersey-based George McKelvey Company, expanding Allworth’s East Coast footprint and bringing the Manasquan firm's nine advisors and eight support staff into Allworth’s platform. The acquisition adds over $1.1 billion in managed assets to Allworth’s business and increases its nationwide offices to 43; financial terms were not disclosed.

HuFriedyGroup, an affiliate of Peak Rock Capital, has acquired SS White Dental, a manufacturer of carbide and diamond burs, endodontic instruments, and lab tools for the dental industry. The acquisition is an add-on to HuFriedyGroup's existing dental products portfolio and is intended to expand product capabilities, global manufacturing scale, and distribution reach for dental professionals worldwide.