Acquisitions in New York in 2022

BC Partners has signed a definitive agreement to acquire a majority stake in Madison Logic, the global account-based marketing (ABM) platform, from Clarion Capital Partners. Clarion and other shareholders including CEO Tom O'Regan and co-founders Vin Turk and Erik Matlick will retain minority stakes; the deal (previously reported at a $750 million enterprise value) will support Madison Logic's growth and technology investment.

ASSA ABLOY, through its HID Global business, acquired Janam Technologies, a US-based maker of rugged handheld mobile computers and readers, to expand its event access and reader product portfolio. The acquisition brings Janam’s barcode, RFID and NFC-enabled readers into HID’s Events & Mobility Solutions unit, enhancing HID/ASSA ABLOY’s capabilities for venue access, ticketing and enterprise mobile computing.

Sourcepass has acquired Contemporary Computer Services, Inc. (CCSI), a Bohemia, New York-based co-managed IT services provider with approximately 65 employees. The acquisition expands Sourcepass's co-managed services capabilities, strengthens its presence in the Northeastern U.S. and education and public-sector verticals, and brings additional midmarket and enterprise contracts into its portfolio.

Salt Creek Capital has formed Regal Products, LLC and, through the new platform, acquired Regal Industrial Sales, Inc. and Firearm Safety Devices Corp. The combined businesses supply sporting-goods accessories and firearm safety devices to OEMs, retailers and government customers; the deal is intended to expand Regal's product sourcing, on‑shore inventory management and distribution capabilities under PE backing.

Hexagon AB has agreed to acquire Qognify, a provider of physical-security and incident-management software, from Battery Ventures. Terms were not disclosed and the deal remains subject to customary regulatory review; Hexagon plans to integrate Qognify into its public safety suite to expand capabilities in video surveillance and incident response.

Aurora Health has acquired Cornerstone Treatment Facilities Network, an inpatient addiction and rehabilitation provider with locations in Fresh Meadows and Rhinebeck, New York. Carl Marks Securities advised Cornerstone on the sale; financial terms were not disclosed and the seller included employee owners through an ESOP. The acquisition expands Aurora's portfolio of healthcare facilities and behavioral-health capabilities.

Gauge Capital has made a strategic growth investment in Exact Customer, a New York–based software-enabled digital performance marketing agency that supplies high-intent consumer leads to the home services market (windows, bath, solar). Gauge will partner with founders Steve Jacoby and Eric Bloomfield and the management team, taking board seats to support investments in sales and marketing, strategic M&A, and vertical expansion.

Rainier Industries, a portfolio company of LFM Capital, has acquired Eclipse Shading Systems, a Middletown, New York manufacturer of retractable awnings and solar shades. The add-on acquisition is intended to expand Rainier's East Coast production footprint, optimize manufacturing processes, and broaden dealer reach across the United States; financial terms were not disclosed.

Heritage Transport, part of Heritage Environmental Services, acquired Frank's Vacuum Truck Service (FVTS), a Niagara Falls, New York-based vacuum truck and hazardous/non-hazardous waste transportation provider. The deal adds roughly 150 trucks/trailers and about 60 employees, expanding Heritage's trucking capacity and establishing a transportation hub to better serve Western New York and customers across the Midwest and Eastern U.S.

LinkIt!, a K-12 assessment, analytics and MTSS software provider, has received a growth investment from Serent Capital to accelerate geographic expansion and further invest in product development and platform integrations. Lane Rankin will join LinkIt!'s board as part of the transaction, and Leonis Partners advised LinkIt! on the deal.

The American Association of Advertising Agencies (4A's) has acquired the Coalition for Healthcare Communication (CHC) to expand the 4A's healthcare and wellness advocacy, government relations and member services. The CHC will be housed within the 4A's Government Relations and Sustainability practice under Alison Pepper as CHC's longtime executive director Jon Bigelow retires.

Service Experts Heating & Air Conditioning LLC acquired substantially all of the assets of Stan Gelber & Sons, Inc., a residential HVAC company based in Uniondale, New York, to expand its coverage in the state. The acquisition complements Service Experts’ existing New York centers and brings the company’s total U.S. locations to 88.

Rezolut, a national outpatient diagnostic imaging platform, announced a partnership to acquire CNY Diagnostic Imaging Associates, LLC, a three-center radiology network based in Syracuse, New York. The deal expands Rezolut’s footprint in the Northeast and increases its total outpatient imaging centers to 40 nationally.

Housatonic Partners has made a strategic growth investment in Brainfuse, a New York City–based provider of online tutoring, career counseling, and veterans assistance that serves public libraries, higher education institutions, and K‑12 school districts. Financial terms were not disclosed; Housatonic Managing Director Mark Hilderbrand joined Brainfuse's board as the firms partner to enhance the company's proprietary online learning platform and support growth.

Inizio has acquired Evolution Road, a digital innovation firm specializing in life-science omnichannel marketing and digital health strategy. Evolution Road will join Inizio’s MarComms business unit, Evoke, to expand Evoke’s digital health capabilities and end-to-end omnichannel offering for pharmaceutical and life-science clients.

Volaris Group, an operating group of Constellation Software Inc., completed the acquisition of the former Cognyte Situational Intelligence Solutions (SIS) business and relaunched it under the new brand Intellicene. The company, headquartered in Melville, New York, will continue to develop and commercialize the Symphia situational-intelligence platform with renewed leadership and support from Volaris to accelerate growth and market expansion.

Covanta Holding Corp. acquired SGS Recovery, Frontier Fibers and Buffalo Fuel Corp., three Niagara Falls, New York–based companies that provide engineered fuels production, biodegradable agricultural bedding, and waste hauling/logistics. The purchases expand Covanta’s sustainable materials management capabilities, geographic footprint in Western New York, and its alternative fuels and waste-to-product offerings while strengthening its ESG and circular-economy services.

Linden Capital Partners has acquired LifeStyles Healthcare, a global sexual health and wellness platform, from a consortium of investors including Trustar Capital and Humanwell Healthcare. The deal excludes LifeStyles' Chinese operations (including the Jissbon brand), which will be retained by the selling shareholders; Linden has named Laurent Faracci as incoming CEO and Ron Fugate as Chairman to drive commercial, brand, and innovation-led growth.

Jet Parts Engineering (a portfolio company of Vance Street Capital) has acquired Northeast Aero Compressor (NEACO), a Bohemia, New York-based aerospace component repair specialist. The add-on expands Jet Parts' PMA and DER offerings with complex pneumatic, hydraulic and electro-mechanical repair capabilities; Vance Street supported the transaction and Neuberger Berman provided debt financing.

Mill Point Capital has made a majority investment in Seviroli Foods and Vertullo Imports, with Sandy Hill Investors taking a minority stake alongside the continued ownership and operational roles of Joe Seviroli and Paul Vertullo. The partnership will support growth initiatives, product innovation and expansion of distribution across foodservice, retail and e-commerce channels while maintaining the companies' family-led leadership.

FARO Technologies has acquired SiteScape, a developer of iOS-enabled LiDAR 3D scanning software for the AEC and O&M markets. FARO will integrate SiteScape’s mobile LiDAR capture capabilities into its FARO Sphere platform to expand its reality-capture offering and make low-resolution mobile scanning widely accessible to construction and facilities customers.

NOVA Infrastructure has acquired Xchange Telecom (and its commercial business, Skywire), a New York–based provider of high-speed internet, voice, and unified communications serving New York City, upstate New York and New Jersey. NOVA — which first invested in Xchange in September 2021 — said the acquisition expands its communications portfolio and positions Xchange to scale broadband and voice services into underserved urban buildings and neighborhoods.

Oxford Global Resources, a portfolio company of H.I.G. Capital, has acquired Hale International, a specialist Workday staffing firm. The acquisition expands Oxford's IT staffing capabilities into the Workday ecosystem; Hale's founder Matthew Cox and the Hale team will join Oxford and continue to lead the Workday-focused division as Oxford's first add-on since H.I.G. acquired the company.

Volaris Group, an operating group of Constellation Software Inc., has acquired ArtBinder, a New York–based provider of cloud-based collection management and sales software for galleries and collectors. The deal expands Volaris's Arts & Culture vertical (including Gallery Systems) by adding ArtBinder's mobile and cloud inventory management capabilities and client base.

Full Harvest, the San Francisco–based B2B produce marketplace, has acquired FarmersWeb, a farm sales and inventory management SaaS provider. The acquisition will integrate FarmersWeb’s inventory, order management and payments software into Full Harvest’s marketplace to accelerate product feature delivery and reduce on-farm food waste.

Ascend Capital Partners and Kain Capital are backing the combination of Rendr and Excelsior Integrated Medical Group to create a New York City integrated multi-specialty medical group operating under the name Rendr. The combined enterprise will include roughly 200 providers across nearly 100 sites, expand value-based primary and specialty care for NYC's Asian community, and pursue investments in clinical services, facilities and technology.

Safra New York Corporation, parent of Safra National Bank of New York and part of the J. Safra Group, has entered into a definitive agreement to acquire Delta North Bankcorp and its subsidiary Delta National Bank and Trust. The acquisition expands Safra's private banking and wealth management footprint in the United States and Latin America; the deal is expected to close in H1 2023 subject to regulatory approval and financial terms were not disclosed.

Simplilearn, a Blackstone-backed online bootcamp operator, has acquired Fullstack Academy, a New York–based tech bootcamp, in an all-cash, 100% acquisition. The deal expands Simplilearn’s U.S. footprint and university/government partnerships, and brings Fullstack’s ~300 employees and ~USD 30M in annual revenue into Simplilearn’s global platform.

Promethean, a global education technology company, has acquired substantially all of the assets of Explain Everything, a digital whiteboard platform for creating lessons, videos and interactive presentations. The acquisition will integrate Explain Everything's team and platform into Promethean's portfolio to expand its interactive and collaborative edtech offerings.

Biocare Medical, a GHO Capital-backed provider of automated IHC and FISH instrumentation and reagents, has acquired Empire Genomics, a designer and manufacturer of FISH/CISH probes and molecular biomarkers. The deal expands Biocare's molecular portfolio (bringing over one million biomarkers) and adds rapid biomarker development capabilities to accelerate cancer research and diagnostics.

McGovern Automotive Group acquired Albany-based Capital Luxury Cars, including Capital Volvo Cars of Albany and Jaguar Land Rover Albany. Haig Partners served as the exclusive sell-side advisor and the seller was dealer principal Eric Kahn, who said he is focusing on his Friendly brand stores.

New York-based creative agency General Idea has acquired Reference NYC, a technology arts studio specializing in dynamic branding, spatial communication and motion design. The deal folds Reference NYC and its clients (including LEGO, Levi's and Byredo) into the newly formed General Idea Group — joining General Idea and SPA to expand the firm's technology-driven creative and production capabilities.

Chicago-based private equity firm CIVC Partners made a strategic minority growth investment in Signers National, a New York–based holding company for a tech-enabled insurance distribution platform. The capital will support Signers National’s organic expansion and continued M&A activity across its subsidiaries, including Lamb Insurance Services and Convelo Insurance Group; financial terms were not disclosed.

RF Investment Partners, alongside Level Structured Capital (an affiliate of Level Equity), completed a growth capital co-investment in Blackthorn.io, a Salesforce-native event management and payments software provider. The capital will support Blackthorn’s product development and go-to-market expansion as the company scales bookings and ARR.

French pharmaceutical group Biocodex has acquired a majority stake in Hilma, a U.S.-based natural remedies start-up founded by Hilary Quartner, Nina Mullen and Lily Galef. The deal gives Biocodex a stronger foothold in the U.S. digestive-health and women’s-health segments and will help scale Hilma’s omnichannel retail strategy (DTC plus 750+ stores including Target).

Velocity Print, a northeast-based print-on-demand and direct mail services provider, announced it has acquired The Bajan Group, Inc., a New York-based print distributor and print management company. The deal brings Bajan's team and client relationships into Velocity to expand product offerings, strengthen fulfillment and mailing capabilities, and grow Velocity's client base across multiple states.

Kriya Therapeutics has acquired Redpin Therapeutics, a preclinical New York City–based gene therapy company with a proprietary chemogenetics platform. The deal establishes Kriya's neurology therapeutic-area portfolio by adding Redpin’s lead programs targeting epilepsy and trigeminal neuralgia, and brings chemogenetic capability to Kriya’s gene therapy engine.

Manhattan West Private Equity has been named the lead investor backing the Formula 1 Exhibition in partnership with production company Round Room Studios (Round Room Live). The investment will fund development and the global rollout of the immersive, touring Formula 1 Exhibition, which opens in Madrid at IFEMA MADRID and will travel internationally.

The Estée Lauder Companies has acquired the TOM FORD brand and all related intellectual property in a transaction valuing the enterprise at $2.8 billion. ELC paid approximately $2.25 billion at closing (offset by $250 million from Marcolin) and will license TOM FORD fashion to Ermenegildo Zegna Group and eyewear to Marcolin under long-term agreements.

Centric Software, a Dassault Systèmes subsidiary and provider of product lifecycle management and retail planning solutions, has acquired StyleSage, an AI-powered competitive benchmarking and pricing analytics provider. The acquisition integrates StyleSage’s assortment, pricing and image-based product-matching capabilities into Centric’s PLM and planning suite to give brands and retailers faster, market-driven decisioning and pricing intelligence.

One80 Intermediaries, a specialty insurance broker headquartered in Boston, acquired Comprehensive Planning – Goodman, LLC (CPG), an independent life insurance brokerage and managing general agency based in Syosset, New York. Terms were not disclosed; the acquisition expands One80's life insurance capabilities, adding CPG's expertise in impaired risk underwriting, life settlements and solutions for business owners and furthering One80's national life insurance platform.

Resource Label Group, a portfolio company of Ares Management, has acquired Scentisphere, a scent activation and marketing technology provider. The deal brings Scentisphere's scent sampling innovations and specialty inks/coatings into Resource Label's packaging and label capabilities as an add-on to the platform.

Growth equity firm Primus Capital Partners led a $100 million financing in Ordergroove to accelerate the subscription commerce company's product development and scale its Relationship Commerce platform. The investment will fund Ordergroove’s expansion of subscription technology and frictionless shopping experiences for retailers and direct-to-consumer brands.

Revolution Capital Group, a Boston-based private investment firm, has entered into a definitive agreement to acquire Contec LLC, a Schenectady, New York-based provider of forward and reverse logistics plus testing, repair and refurbishment services, from Garrison Investment Group. Financial terms were not disclosed; Garrison had owned Contec since 2012 and Revolution said it will support Contec's future growth under new ownership.

Heyday, a San Francisco-based consumer-products platform, has acquired ZitSticka, a digitally-native acne-treatment skincare brand. The acquisition expands Heyday’s personal care portfolio and leverages its omnichannel capabilities to scale ZitSticka’s award-winning acne-patch products and growing retail distribution (Target, Ulta) for future growth.

Pineapple Energy Inc. acquired SUNation Energy, a Long Island-based solar and battery storage installer, in a transaction that closed on November 9, 2022. The deal expands Pineapple's footprint into the northeastern United States, adding SUNation's ~19-year regional business, ~12,000 serviced PV systems and ~$48 million of trailing twelve-month revenue to Pineapple's nationwide solar and storage platform.

Acrisure (through its Acrisure Cyber Services division) has acquired Homefield IT, a New York City–based managed service provider that offers managed IT, cloud and digital transformation, and cybersecurity services to businesses across the U.S. The acquisition strengthens Acrisure Cyber Services’ MSP footprint and expands its capabilities to serve small- and mid-size business clients with managed security and IT operations.

An investor group led by North Castle Partners will purchase a majority ownership position in NEST New York from Eurazeo in a transaction that values NEST at approximately $200 million. Eurazeo and founder Laura Slatkin will retain minority stakes; the deal is expected to close at the end of November. North Castle plans to partner with management to scale the fragrance lifestyle brand across categories and geographies.

Klaviyo, the Boston-based customer data and marketing platform, has acquired Napkin.io, a browser-based developer platform for writing and deploying code. Napkin.io founder Nick Sypteras will join Klaviyo to help expand the company's developer experience and API capabilities as Klaviyo continues to open its platform to third-party developers.

Aspen Power Partners acquired Safari Energy, LLC from PPL Corporation and gained Safari's 220 MW portfolio and development platform. The transaction was announced alongside a $350 million investment in Aspen from funds managed by The Carlyle Group to support Aspen's organic growth and acquisition-driven strategy to reach gigawatt scale.