Acquisitions in New York in 2021

World Insurance Associates LLC (WIA), a Tinton Falls, New Jersey-based insurance broker, acquired Pardee's Agency, Inc. of Kingston, New York effective December 31, 2021. Terms were not disclosed; Pardee's is a long-established independent agency offering personal and commercial insurance, employee benefits and life products.

NFP acquired certain assets of Dignum & Bame Insurance Agency, Inc., a third-generation property & casualty broker based in East Greenbush, New York; the transaction closed on December 31, 2021. The acquisition bolsters NFP's P&C presence in the Northeast and brings municipal and school-district insurance expertise, with Robert Dignum joining NFP as a vice president.

Estancia Capital Partners signed a definitive agreement to acquire a majority stake in Reich & Tang Deposit Networks (R&T), a New York–based administrator of reciprocal deposit networks and insured cash sweep programs, with R&T management remaining as meaningful equity holders. Estancia structured the transaction with institutional capital partners and allocators — including Flexpoint Ford (preferred equity), Hamilton Lane (allocator of capital), the New York State Common Retirement Fund and Madison Capital Funding — to accelerate R&T’s growth and expand its product and technology capabilities; the firms later combined R&T with Total Bank Solutions under R&T Parent Holdings.

IRIS Software Group has acquired AccountantsWorld, a New York–based provider of cloud accounting, payroll and practice-management solutions for CPA firms, to expand IRIS's footprint in North America. The deal integrates AccountantsWorld's suite into IRIS's accountancy portfolio to accelerate Client Accounting Services (CAS) offerings and broaden capabilities for North American accounting firms.

Velocity Financial, Inc. (NYSE: VEL) has acquired a majority stake in Century Health & Housing Capital, a Ginnie Mae issuer/servicer that provides FHA-insured mortgage financing and servicing for multifamily, senior living and long-term care facilities. The acquisition expands Velocity's product suite into government-insured multifamily and healthcare lending, diversifies revenue with fee-based origination and servicing income, and is expected to be immediately accretive to earnings.

Reliance Steel & Aluminum Co. has acquired Rotax Metals, Inc., a Brooklyn-based distributor of copper, bronze and brass alloys. Rotax (founded 1947) generated approximately $14 million in net sales for the 12 months ended July 31, 2021 and will operate as a subsidiary of Yarde Metals, a wholly owned Reliance subsidiary; terms were not disclosed.

MCAP Acquisition Corporation, sponsored by Monroe Capital, completed its business combination with AdTheorent, and the combined company began trading on Nasdaq under the ticker ADTH. The transaction included an oversubscribed $121.5 million PIPE anchored by Hana Financial Group, Monroe Capital and Palantir Technologies and provided roughly $100 million of primary proceeds to fund AdTheorent's growth; H.I.G. Growth Partners remains AdTheorent's largest stockholder.

Skillsoft acquired Codecademy in a transaction valued at approximately $525 million in cash and stock, combining Codecademy's interactive coding platform and roughly 40 million registered learners with Skillsoft’s enterprise learning business. The deal expands Skillsoft’s Technology & Developer capabilities, creates cross‑selling opportunities across Skillsoft’s large corporate customer base, and is expected to be immediately accretive to bookings, revenue growth, and gross margins.

Tarsus Group, backed by private equity firm Charterhouse Capital Partners, has acquired FounderMade, a beauty- and wellness-focused trade show and events business. FounderMade will join Tarsus' newly created Tarsus Health division alongside other medical and wellness brands; terms were not disclosed.

Endicott Growth Equity Partners, L.P. acquired a majority stake in Information Clearinghouse Inc. and Market Service Inc., the owners of the Creditntell, F&D Reports, ARMS and AggData brands. Founder and CEO Lawrence Sarf remains a significant owner and will join the board while the current management team continues to run day-to-day operations; financial terms were not disclosed.

Kraken has acquired Staked, a non-custodial staking infrastructure provider, for an undisclosed sum to expand its staking product lineup and offer a non-custodial alternative to its custodial staking services. The deal strengthens Kraken's capabilities across additional proof-of-stake networks and brings Staked's institutional and retail clients into Kraken's broader crypto platform.

FPE Capital LLP has made a growth capital investment in 60 Decibels, becoming the company’s largest shareholder and marking the eleventh investment from FPE Fund II. The funding will be used to accelerate sales and marketing and further technology enablement as 60 Decibels shifts toward a data- and subscription-led social impact measurement business; FPE will add board representation following the deal.

SS&C Technologies has made a strategic minority investment in the newly formed company combining Equiniti and American Stock Transfer & Trust Company (AST), a business recently acquired by affiliates of Siris Capital Group. The investment joins SS&C with Siris and other investors to create a leading international provider of shareholder, transfer agent and regulatory technology and to explore commercial and product partnerships across the combined business.

BizGro Partners, a New Jersey-based private investment firm, acquired Lake Champlain Roofing, a family-run roofing contractor based in Plattsburgh, New York. The transaction closed on September 21, 2021 and was advised by Generational Equity; BizGro intends to continue building a national portfolio of roofing companies.

Brillio has acquired Cedrus Digital, a New York–based digital transformation and cloud consulting firm with over 150 cloud, data and product engineers. The deal expands Brillio's product & platform engineering, data analytics, cloud security and nearshore capabilities for regulated end markets such as Healthcare and Financial Services; 7 Mile Advisors served as Cedrus' exclusive sell‑side advisor.

Delta Electronics, through its subsidiary Delta International Holding Limited B.V., agreed to acquire UI Acquisition Holding Co., the owner of Universal Instruments Corporation, for approximately US$88.9 million. The acquisition brings Universal's precision automation solutions and R&D to Delta to strengthen its smart manufacturing capabilities for the electronics industry; Universal will continue to operate under its existing management.

MAI Capital Management acquired New York–based Monarch Business & Wealth Management, LLC and its strategic partner Regal Wealth Management, LLC, expanding MAI’s nationwide footprint and adding experienced financial planning and investment teams to its Sports & Entertainment Division. The deal, which closed Dec. 17, 2021, will increase MAI’s assets under management by over $163 million; financial terms were not disclosed.

All Gold Imports Inc., a portfolio company of Regimen Equity Partners, has acquired The Hemisphere Group, an importer and distributor of bulk nuts, seeds and dried fruits based in Smithtown, New York. The acquisition is an add-on to All Gold designed to accelerate its expansion into the northeastern United States and strengthen its product supply and customer relationships; Hemisphere founder Adam Green will remain as President.

Solve Industrial Motion Group, a portfolio company of Audax Private Equity, has acquired Bearings Limited and its Tritan brand. The add-on expands Solve's manufacturing and distribution footprint across North America, adding more than 25,000 Tritan products and six regional stocking locations to the Solve platform.

Warner Music Group (WMG) has acquired independent label 300 Entertainment and will integrate the label into its family of recorded-music businesses while preserving 300’s independent identity and New York headquarters. As part of the deal, 300 co-founder Kevin Liles will be appointed Chairman & CEO across 300 and Elektra Music Group, with the acquisition intended to expand 300’s global footprint and opportunities for its artists.

MoneyLion Inc. agreed to acquire Even Financial Inc., the embedded finance marketplace and API platform, in a transaction valuing consideration of up to $440 million. The deal expands MoneyLion's distribution network and embedded finance capabilities, and is expected to be accretive to MoneyLion's 2022 earnings.

JTC Group has acquired New York-headquartered Essential Fund Services (EFS), a fund accounting and administration firm serving alternative asset managers, to expand and add scale to its US fund services platform. EFS's team and c. $5.5bn AuA will join JTC's Institutional Client Services division and will work alongside the recently acquired SALI Fund Services to broaden capabilities in the Insurance Dedicated Fund (IDF) market.

Comscore has acquired Shareablee, a social media analytics and measurement platform, to integrate Shareablee's social engagement and video insights into Comscore's cross-platform measurement products. The acquisition will expand Comscore's audience measurement capabilities and allow Shareablee's clients access to Comscore's digital data and products; key Shareablee management will remain in leadership roles.

Catalyst Power Holdings LLC acquired AP Gas & Electric (NY) LLC, expanding Catalyst Power's retail energy footprint across New York State and enabling the addition of natural gas, community solar, and Connected Microgrid offerings to AP G&E NY's middle-market commercial and industrial customers. The acquisition is backed by BP Energy Partners, the private equity sponsor of Catalyst Power, and represents an add-on to Catalyst Power's platform to accelerate deployment of lower-carbon energy solutions.

Pariveda Solutions, an employee-owned technology and business consulting firm based in Dallas, has acquired Sustena Group, a New York City-based management and branding consultancy. The acquisition expands Pariveda's capabilities into B2B brand strategy and go-to-market services to better serve C-suite and private equity-backed clients.

UTA (United Talent Agency) has acquired MediaLink, the media and marketing strategic advisory firm founded by Michael Kassan, from Ascential PLC. MediaLink will remain an independent UTA-owned company with Kassan continuing as CEO and its ~150-person team operating from offices including New York, Los Angeles, Chicago and London.

ATSG, a New York–based tech‑enabled managed services provider, has acquired Optanix, Inc., a managed network services and SD‑WAN specialist. The acquisition expands ATSG’s capabilities in managed networking, collaboration, contact center and SD‑WAN and strengthens its channel partner offerings.

Advantus Corp., a privately held manufacturer of consumer and office products, acquired certain assets and brands (Artistic, NuDell and Timekeeper) from Artistic Products LLC. Artistic Products will retain other product lines (including Softalk and LED signs) and continue operating out of Hauppauge, New York under a new name; Advantus said the purchase strengthens its position in the office products channel.

PayDay Employer Solutions, a Bellmawr, New Jersey-based payroll and employer services provider, has acquired StarPay Payroll & HR Solutions of Long Island (Melville/Plainview, New York). The seller will retain StarPay's local service team and owner Cheryl Frankel in a client-facing role, and the deal expands PayDay's client roster to more than 3,000 companies while preserving StarPay's existing software and reporting.

Parthenon Capital Partners has agreed to acquire a majority stake in KBRA, the full-service global credit rating agency headquartered in New York. The investment will provide KBRA with capital and partnership to accelerate growth, expand its analytics and ratings capabilities, and support domestic and international expansion.

London-based e-commerce aggregator Olsam Group has completed the acquisition of the assets of Flywheel Commerce, a US-based e-commerce aggregator. The deal will expand Olsam's footprint in North America and allow Flywheel's brands to continue operating in the US while leveraging Olsam's capabilities to grow them into the UK and EU.

SVB Financial Group acquired MoffettNathanson LLC, a New York–based independent sell‑side equity research firm, to expand SVB’s investment banking research coverage into technology and healthcare. The acquisition brings MoffettNathanson’s senior analysts and sector expertise into SVB Leerink’s platform, strengthening SVB’s capabilities for innovation‑economy clients.

Kelso (Kelso Fund X) completed the acquisition of ReSource Pro on December 10, 2021 from DFW Capital Partners, providing a liquidity exit for DFW. ReSource Pro is a New York–headquartered provider of outsourced business process management, analytics and managed services to insurance carriers, brokers, MGAs and TPAs, with more than 5,000 employees globally. The transaction is a PE buyout that positions Kelso to grow the company’s insurance-focused BPO and technology-enabled services.

Sensata Technologies (NYSE: ST) has acquired Sendyne Corp, a New York–based developer of current/voltage sensing ICs, isolation monitors and physics-based battery modeling for electric vehicles, charging stations and stationary storage. The deal expands Sensata’s electrification component portfolio and capabilities; financial terms were not disclosed and Sendyne’s engineering team will join Sensata.

Telmar, a portfolio company of Boathouse Capital, has acquired Helixa, a social data audience intelligence platform. The acquisition expands Telmar's digital and social audience analysis and AI capabilities while providing Helixa resources to accelerate international growth and product development.

ComplySci has acquired RIA in a Box, a SaaS provider of compliance, cybersecurity, and operational software for the wealth management industry. RIA in a Box will continue to operate under its brand with Will Bressman as President of the combined organizations; the acquisition expands ComplySci's GRC product suite and follows a strategic investment in ComplySci from K1 Investment Management (RIA in a Box had been previously backed by Aquiline Capital Partners).

Lamar Advertising Company acquired Colossal Media, a hand-painted wall and mural outdoor-advertising operator that runs 81 large-format displays across New York, Los Angeles, Chicago and other U.S. cities. Colossal CEO Kelly Peppers will remain in place; the company was purchased from co-founders Paul Lindahl and Adrian Moeller for an undisclosed price.

Foreside Financial Group has acquired Alaric Compliance Services to bolster its governance, risk management, and compliance (GRC) capabilities across broker-dealer, alternatives, mutual fund, private credit, and ETF compliance practices. Alaric, founded in 2004 and led by Guy F. Talarico, brings specialized regulatory and compliance expertise for asset managers and broker-dealers.

J.F. Lehman & Company completed the acquisition of the assets of the Narda-MITEQ division and the stock of Narda Safety Test Solutions, GmbH (collectively "Narda-MITEQ") from L3Harris Technologies. Narda-MITEQ is a designer and manufacturer of RF and microwave subsystems and components serving defense, space and commercial test markets; the company employs roughly 400 people across facilities in Hauppauge, NY, Pfullingen, Germany and Cisano, Italy. Debt financing was provided by Barings Finance and Siemens Financial Services.

Cushman & Wakefield completed a $500 million strategic investment to acquire a 40% stake in Greystone’s Agency, FHA and Servicing businesses, forming a joint venture to provide integrated advisory and capital solutions. The partnership gives Cushman & Wakefield’s clients greater access to multifamily and healthcare financing products while providing Greystone capital to expand products and services.

NewSpring Mezzanine, alongside Spring Capital and Isleworth Capital Partners, made a growth investment in Boston Valley Terra Cotta to fund sales, marketing and capacity expansion. Boston Valley Terra Cotta, a U.S.-based manufacturer of architectural terra cotta and ceramic building products, will use the proceeds to scale production and commercial efforts to meet growing worldwide demand.

Mercer Global Advisors, Inc. (Mercer Advisors) has acquired Mirsky Financial Management Corporation (MFMC), a Rochester, New York-based wealth management firm with approximately $320 million in AUM. The deal expands Mercer Advisors' Northeast presence and brings MFMC's advisory and in-house tax capabilities and team into Mercer's platform.

Finsbury Glover Hering and Sard Verbinnen & Co. have completed a merger to form a combined global strategic communications firm with more than 1,000 professionals and a global headquarters in New York. WPP remains the majority investor and Golden Gate Capital converted its equity in SVC and remains an investor; the combined firm will operate from 25 offices worldwide and will announce a new name and brand in early 2022.

Montreal-based New Look Vision Group, backed by FFL Partners and Caisse de dépôt et placement du Québec, has agreed to acquire New York–based Luxury Optical Holdings (LOH), the largest luxury optical retailer in the United States. The deal (terms not disclosed) expands New Look’s premium retail footprint in the U.S. and adds LOH’s wholesale and small-batch eyewear manufacturing capabilities to its platform.

Softek has acquired Elinphant, a specialist compliance consulting firm founded by Elin Cherry, to expand its Compliance Services offering. Elin Cherry will join Softek's Executive Committee and take global responsibility for the combined firm's Compliance Services business, broadening Softek's capabilities for financial services clients.

London-based reputation management consultancy Lansons has closed its acquisition of New York-based Intermarket Communications and rebranded the U.S. business as Lansons. The deal brings the firms' London and New York teams closer together to serve shared global clients and supports Lansons' broader global expansion of strategic communications capabilities.

PT Holdings, LLC has acquired Duffy's AIS and added it to the PT Holdings Service division to expand distribution and field-service capabilities for genuine OEM foodservice and appliance parts. Duffy's AIS — formed in 2018 from several long-running local service brands — will continue to operate as a distinct company led by Patrick Duffy and Wayne Stoutner while leveraging PT Holdings' Parts Town network and resources.

Pfingsten-backed Quality Valve has acquired Griffco Valve, Inc., a manufacturer of back pressure and pressure relief valves based in Amherst, New York. The add-on deal, which closed on November 15, 2021, expands Quality Valve's product portfolio and customer reach—particularly in the water/wastewater and chemical feed markets.

Florida Food Products (FFP), backed by Ardian and MidOcean Partners, has acquired Comax Manufacturing Corp., a provider of clean-label natural flavor solutions focused on beverage and nutrition markets. The Calabretta family will retain an equity stake and Comax will continue operating its Melville, NY manufacturing facility and Marlton, NJ R&D site as part of FFP's Taste Division to expand FFP's clean-label flavor capabilities.

Cross-Fire & Security Co., a life-safety platform owned by private equity firm AE Industrial Partners, has acquired Alarm & Suppression, Inc., a fire alarm and suppression services provider based in Ballston Lake, New York. The deal is Cross-Fire's first add-on acquisition as the platform looks to expand geographic reach and service capabilities across the Northeastern U.S.; A&S owner Tom Murray will remain with the company and retain a minority stake.