Acquisitions in New Mexico in 2022

Integrative Life Network (ILN), a family of trauma-focused treatment programs based in Nashville, has acquired New Mexico-based Shadow Mountain Recovery Programs. The acquisition expands ILN’s geographic footprint into the Southwest and adds multiple Shadow Mountain sites offering detox, residential (gender-specific), intensive outpatient and outpatient services that are in-network with major insurers.

24 Hour Home Care, a company under TEAM Public Choices, acquired Inteli-Care LLC, a licensed non-medical personal care provider based in Albuquerque, New Mexico. The seller-owners Onesimo "Mo" Vigil and Rachel Vigil will remain as partners and continue in their management roles following the November 16, 2022 closing.

Atlas Copco has acquired the operating assets of the compressor business of Mesa Equipment & Supply Company in Albuquerque, New Mexico. Nineteen employees will join Atlas Copco and the acquired operations will be integrated into the Service Division within Atlas Copco's Compressor Technique business area; the purchase price was not disclosed. Atlas Copco said the acquisition expands its geographic coverage and service opportunities.

Greenbelt Capital Partners led a majority recapitalization of Unirac, Inc., with investment participation from Trilantic Energy Partners II and related funds. Existing sponsor Tenex Capital Management and key members of Unirac's management will retain a significant ownership stake; the transaction will support product development, supply‑chain resiliency and continued growth in the residential and commercial solar racking market.

Southwest Material Handling, Inc. (Southwest JCB) has acquired ProCon JCB, folding the dealer into its Southwest JCB operations and expanding branch locations into Commerce City (CO), Phoenix (AZ), Las Cruces (NM), El Paso (TX) and Las Vegas (NV). The deal brings ProCon JCB under the leadership of former owner Nic DiPaulo as part of Southwest's broader material-handling and construction equipment footprint; financial terms were not disclosed.

Rapid Fire Safety & Security, a new PE-backed platform launched in partnership with Concentric Equity Partners, has acquired Security & Access Systems (SAS), a commercial and government security and fire alarm services provider headquartered in Albuquerque, New Mexico. SAS's founders Chris and Molly Ipiotis will remain for an interim transition period as the business becomes the first add-on for the Rapid Fire platform to expand its regional footprint and service capabilities.

Affiliates of Antarctica Capital have acquired a controlling interest in Descartes Labs, a provider of AI-driven geospatial intelligence and analytics. Concurrent with the transaction, Antarctica operating partners Richard Davis and Graeme Shaw were named CEO and COO of Descartes Labs as the firm plans to accelerate the company's growth and product innovation across commercial and government end markets.

Commnet Broadband, a regional broadband operator and subsidiary of ATN International, has acquired Sacred Wind Enterprises, a privately owned rural telecommunications provider in New Mexico. The acquisition expands Commnet's fiber and broadband footprint across rural and tribal communities in the Southwest, increasing its wholesale carrier, residential and business broadband services.

Cadence Design Systems announced the acquisition of OpenEye Scientific Software for approximately $500 million, extending Cadence's computational software expertise into molecular modeling and simulation for life sciences. OpenEye's cloud-native Orion SaaS platform and scientific toolkits—used by 19 of the top 20 global pharmaceutical companies—will be combined with Cadence's algorithmic, solver and large-data management capabilities to accelerate computational drug discovery; the deal is expected to contribute about $40 million in fiscal 2023.

BlueThread Services, a roofing and exterior services platform backed by Seaside Equity Partners, has partnered with RoofCARE, a commercial and municipal roofing specialist headquartered in Albuquerque, New Mexico. The transaction brings RoofCARE into the BlueThread platform, expanding the platform’s Southwestern U.S. footprint and strengthening its service, repair and maintenance capabilities.

Peakstone served as exclusive M&A advisor to Builders Source Inc. on its sale to an unnamed private acquirer. Founded in 1993 and headquartered in Albuquerque, New Mexico, Builders Source is a regional distributor and showroom operator of home appliances and plumbing products serving contractors, designers and homeowners across the Southwest.

Huron Capital-backed Pueblo Mechanical & Controls acquired Travers Mechanical Services, a Albuquerque-based HVAC and plumbing services provider with roughly 40 employees. The deal is an add-on that expands Pueblo into New Mexico (its fourth U.S. state) and is the platform's seventh add-on in the past 10 months.

Allworth Financial has acquired UAS Wealth Advisors of Albuquerque, New Mexico; financial terms were not disclosed. UAS manages about $427 million in assets for roughly 290 clients and the deal expands Allworth's Southwest footprint while enabling a leadership succession plan for the UAS advisors.

North Hudson Resource Partners LP, alongside LOGOS management, acquired LOGOS Resources II, LLC from affiliates of ArcLight Capital Partners for approximately $402 million. The acquisition gives North Hudson control of LOGOS' ~230,000+ net acres and current production (~106 MMcfe/d), positioning the buyer to accelerate development of Mancos Shale and Gallup reserves and increase production.

Tajín International has acquired Paulita's New Mexico, a Rio Rancho, New Mexico-based maker of hatch green chili sauces, seasonings and marinades. The private transaction (terms undisclosed) was advised by Corporate Finance Associates Worldwide and gives Tajín a foothold/presence in the U.S. market.

Charlotte-based Power-Utility Products Co. (PUPCO), a WJ Partners portfolio company, acquired MIROC, a telecom components manufacturer and distributor based in Albuquerque, New Mexico. The add-on expands PUPCO's product offering into telecom components and provides geographic presence in the western United States; terms were not disclosed.

Cosmetic Solutions, a Boca Raton-based contract manufacturer and private-label skincare partner, has acquired New Mexico-based Private Label Select (PLS), an organic cosmetics and personal care manufacturer. The acquisition adds organic and anhydrous formulation capabilities to Cosmetic Solutions' offering; Cosmetic Solutions is PE-backed with investment from funds managed by Lee Equity Partners. Financial terms were not disclosed.

Hub International Limited acquired the assets of Western Assurance Corp., an independent insurance agency based in Albuquerque, New Mexico. The acquisition expands Hub's commercial and personal insurance capabilities (including employee benefits) and strengthens its Specialty practices by adding Western Assurance's experience serving non-profit, construction and transportation clients; the Western Assurance team will join Hub Southwest. Terms were not disclosed; Western Assurance was represented by Mystic Capital.

Risk Strategies, a national specialty insurance brokerage, has acquired Burke Insurance Group, a Las Cruces, New Mexico-based commercial retail insurance agency founded in 1980. The deal — terms not disclosed — marks Risk Strategies' first entry into New Mexico and adds Burke's specialty expertise in surety bonds, construction and oil & gasoline sectors to Risk Strategies' platform.

Stonepeak, a New York-based alternative investment firm, has entered into a definitive agreement to acquire Rinchem Company Inc., a specialty chemical and gas warehousing and logistics provider. The acquisition will support Rinchem's expansion into new markets and leverage Stonepeak's experience in transportation, logistics and infrastructure to grow the business globally; financial terms were not disclosed and the deal was expected to close in Q1 2022.