Acquisitions in New Mexico in 2021

Dallas-based Access Dental Management LLC, backed by Surge Private Equity LLC, has acquired Bridget R. Burris, D.D.S., P.C., a multi-million dollar dental practice in Las Cruces, New Mexico. The deal closed with debt financing from Corbel Capital Partners and marks Access Dental's entry into New Mexico as its fifth add-on of 2021.

Rocket Lab (Nasdaq: RKLB) has acquired SolAero Holdings, Inc., a leading supplier of space solar cells, solar panels and precision aerospace structures, for $80 million in cash. The acquisition (announced in December 2021 and subsequently closed) adds SolAero’s ~425 employees and the world’s largest production line of high-performance space solar cells to Rocket Lab’s vertically integrated space systems business, expanding its manufacturing capabilities for civil, defense and commercial space customers.

Dynata acquired Ameritest, a brand and advertising research consultancy, to add creative testing capabilities to its advertising solutions and Dynata Platform. The acquisition integrates Ameritest's proprietary creative-testing methodologies with Dynata's first-party data to help clients optimize messaging, audience targeting, and campaign effectiveness.

Pharos Capital-backed Charter Healthcare Group acquired Silver Linings Hospice Care, a Cedar Crest (Albuquerque metro) hospice provider, marking Charter’s first expansion into New Mexico and increasing its footprint to eight states. Financial terms were not disclosed; the acquisition is an add-on to Charter’s post-acute care platform to expand hospice and palliative capabilities in the region.

Hop-on, Inc. (OTC: HPNN) announced it has acquired Vertuoso, a content marketing and ad‑tech agency founded in 2017. The acquisition will integrate Vertuoso’s vertical storytelling, ad‑tech and content development capabilities into Hop‑on’s Digitalage decentralized social media and entertainment platform to enhance mobile‑first advertising, personalization and immersive ad formats (AR/VR).

RV Retailer, LLC (RVR) acquired Aloha RV, a two-location recreational vehicle dealer in the greater Albuquerque, New Mexico market. Seller Peter Larson will continue to manage the business as part of RVR's Southwest expansion, bringing RVR's store count to 75 locations across the United States.

EQT Private Equity (via the EQT Mid Market Asia III Fund) has made a significant growth-equity investment in EC-Council, the global cybersecurity training and certification provider. Founder Jay Bavisi will retain a majority stake and remain CEO as EQT supports EC-Council's next phase of growth, digitalization and product expansion.

Creedence Energy Services, a Tower Arch Capital portfolio company, has recapitalized Magna Energy Services, LLC, making Magna a wholly owned subsidiary while Magna CEO Adam Kelly remains an operator and significant investor. The deal (terms undisclosed) is financed by KeyBank and expands Creedence’s production-chemicals footprint in New Mexico (including a new Carlsbad facility), broadening geographic reach and technical capabilities across the Permian and San Juan basins.

The IMA Group has acquired Albuquerque Neuroscience, Inc., a clinical research site specializing in central nervous system (CNS) and general medical condition trials. The acquisition expands IMA Clinical Research's national footprint and deepens its capabilities in psychiatry, Alzheimer's disease and other neuropathic therapeutic areas; financial terms were not disclosed.

CCS Facility Services, a portfolio company of Silver Oak Services Partners, has acquired Albuquerque-based Sparkle Maintenance, Inc., expanding CCS’s footprint into New Mexico. The family-run Sparkle will join CCS’s integrated facilities platform to build scale across education, healthcare, commercial real estate and other end markets while preserving jobs and customer relationships.

QualTek, a turnkey infrastructure services provider, has acquired Broken Arrow Communications, Inc. (BACOM), a wireless infrastructure services company headquartered in Albuquerque, New Mexico. The acquisition (terms undisclosed) expands QualTek's geographic footprint in the Western U.S.; BACOM serves customers across 11 Western states and employs more than 200 people.

Ivanti acquired RiskSense to integrate risk-based vulnerability prioritization and remediation into its Ivanti Neurons for Patch Intelligence product, strengthening patch management and ransomware defenses. The acquisition brings RiskSense's vulnerability intelligence and risk scoring into Ivanti's automation platform to help customers prioritize and remediate the most critical, actively exploited vulnerabilities.

Relevant Industrial (a portfolio company backed by LKCM Headwater Investments) has acquired 505 Industrial Supply, a regional industrial supplies distributor based in Albuquerque, New Mexico. The add-on expands Relevant’s MRO and industrial-supply footprint in the Southwest and augments its distribution capabilities and local customer coverage.

Genetic Technologies Limited (GENE/GTG) acquired the direct-to-consumer eCommerce business, brands and distribution rights of General Genetics Corporation trading as EasyDNA from BelHealth Investment Fund LP for US$4.0 million (cash, ADRs and escrow). The deal gives Genetic Technologies an established DTC genomics platform and distribution in ~40 countries (70+ websites) to accelerate its health & wellness and serious-disease test commercialisation and global expansion.

Addus HomeCare Corporation signed a definitive agreement to acquire Armada Skilled Home Health of New Mexico, Armada Hospice of New Mexico and Armada Hospice of Santa Fe for approximately $29.0 million in cash. The acquisition expands Addus' home health and hospice footprint in New Mexico (Armada is based in Albuquerque and has annualized revenues of about $23.0 million) and is expected to be immediately accretive to Addus' results.

Arlington Capital Partners' portfolio company BlueHalo has acquired Design & Development Engineering Services Corporation (DDES), a space-qualified electronics designer and manufacturer based in Albuquerque, New Mexico. The add-on expands BlueHalo's space hardware and manufacturing capabilities, strengthening its ability to deliver radiation-hardened, high-reliability systems for national security and military space missions.

Health Catalyst, Inc. has entered into a definitive agreement to acquire Twistle, Inc., an Albuquerque-based patient engagement SaaS company. The acquisition will combine Twistle's automated patient communication and clinical workflow capabilities with Health Catalyst's cloud-based data and analytics platform to expand capabilities and deliver a comprehensive population health solution.

Fort Worth-based Jet Health, Inc., a regional home health and hospice operator, has acquired Albuquerque-based Hospice de la Luz. The deal — Jet Health's third hospice-related acquisition and funded by SV Health Investors and Health Enterprise Partners — expands Jet Health's hospice capabilities and continuity of care in the Albuquerque market; terms were not disclosed.

RS21 has acquired Versatile MED Analytics (VMA) and launched a new Health Lab division that will combine RS21's data science and AI capabilities with VMA's healthcare analytics expertise. VMA co-founders Angelica Bruhnke and Stefany Goradia will lead the Health Lab, and RS21 expects revenue and headcount growth as it expands healthcare analytics services for insurers, providers and government clients.

Proud Moments ABA has acquired Bridges: Educational Services for Children with Autism, a leading Applied Behavior Analysis (ABA) provider headquartered in Albuquerque, New Mexico. The acquisition, which closed Feb. 5, 2021, expands Proud Moments' footprint in the Southwest and aims to increase access to autism services in central New Mexico; terms were not disclosed.

Growth Catalyst Partners (GCP), a Chicago-based middle market private equity firm, has acquired The Equine Network in a corporate carve-out from Active Interest Media. GCP will partner with Equine Network's management (Tom Winsor as President & CEO and Andy Clurman as Executive Chairman) to invest in organic growth and M&A to expand the company's sports, information, and tech-enabled services for the global equine industry.

BayoTech received an equity investment of up to $157 million led by growth equity firm Newlight Partners, with participation from Cottonwood Technology Fund, Sun Mountain Capital and Fortistar. The capital will accelerate BayoTech’s product and project development and infrastructure expansion for its on‑site hydrogen generation and Gas‑as‑a‑Service offerings.