Acquisitions in New York in 2023

Archetype, a media portfolio company backed by Regent LP, has acquired Cheddar News and the Rate My Professors digital property from Altice USA. The deal — terms not disclosed — adds Cheddar's news network and the education review platform to Archetype's growing media holdings to broaden audience reach and digital capabilities.

Shiseido Company, Limited, through its subsidiary Shiseido Americas Corporation, has completed the acquisition of DDG Skincare Holdings LLC, owner of the Dr. Dennis Gross Skincare brand. The purchase adds a dermatologist-led, prestige skincare brand to Shiseido's portfolio to accelerate growth and diversify its Americas business.

GMS Inc. has entered into an agreement to acquire Kamco Supply Corporation, a Brooklyn-based distributor of ceilings, wallboard, steel, lumber and related building products. The acquisition expands GMS's presence in the Greater New York City market and is expected to close in the fourth quarter of GMS's fiscal 2024, subject to customary conditions.

Monument MicroCap Partners-backed portfolio company Sweet Tooth Enterprises has acquired Inter Molds Inc., an aluminum mold-maker based in Bay Shore, New York. The add-on expands Sweet Tooth's Aztec division with in-house toolmaking capabilities and increased CNC machining capacity; it is Sweet Tooth's first add-on since Monument's October 2023 recapitalization.

Aon plc agreed to acquire NFP, a leading middle-market insurance broker and benefits/wealth advisor, from funds affiliated with Madison Dearborn Partners and HPS Investment Partners for an estimated $13.4 billion. The deal will be funded with $7.0 billion in cash and $6.4 billion of Aon stock, with NFP operating as an independent but connected platform under Doug Hammond and expected to close subject to regulatory approvals in mid-2024.

HouseWorks Holdings, backed by InTandem Capital Partners, has entered into definitive agreements to partner with Elite Home Health Care to expand HouseWorks' BetterCare at Home footprint into New York. Elite, led by Gershon Strasser who will remain as President of the New York region, delivers care to close to 4,000 clients across the New York metro and upstate regions; the transaction is subject to regulatory approval.

Risk Strategies, a national specialty insurance brokerage, has acquired Robert Alan Agency, a New City, New York–based full-service retail insurance agency. The acquisition (terms undisclosed) expands Risk Strategies’ presence in Rockland County and the upstate New York region and enhances its personal and commercial lines capabilities.

Motorola Solutions has acquired IPVideo, the creator of the HALO Smart Sensor, a multifunctional non-video safety and security sensor. The acquisition adds a privacy-preserving, real-time threat detection sensor to Motorola Solutions' physical security and public-safety product ecosystem to extend detection capabilities into environments where cameras are not suitable.

Improving Payments has acquired the client portfolio of New York-based payment processor Science of Sales to expand its payment solutions offering and deepen relationships with underserved merchant segments. The portfolio acquisition broadens Improving Payments' merchant base and supports its strategy to connect businesses to appropriate clearing houses while delivering personalized payment support.

Belgian IT solutions provider Cegeka, through its wholly owned subsidiary Chicago Merger Sub, Inc., completed a tender offer and is acquiring all outstanding shares of Computer Task Group, Incorporated (CTG) for $10.50 per share, making CTG a wholly owned subsidiary. The acquisition expands Cegeka’s global footprint and capabilities across North America, Europe and India and will delist CTG from NASDAQ.

Bain Capital Private Equity has signed a definitive agreement to acquire a significant stake in 1440 Foods, a New York–based portfolio of sports and active nutrition brands, alongside existing investor 4x4 Capital. The transaction (expected to close in December) will leave CEO Azania Andrews and the current management team in place; debt financing is being provided by Fortress Investment Group.

Relay Fire & Safety, the Riverside-backed life safety platform, has acquired Metro Fire Inspection and Maintenance Inc., a New York City-area fire protection, inspection and maintenance services provider. The deal is an add-on to Relay's platform (backed by The Riverside Company) to expand the firm's footprint into the New York metro area and broaden local service capabilities.

OneKey MLS has acquired Mid-Hudson MLS, a broker-owned multiple listing service based in Poughkeepsie that serves more than 1,400 agents across roughly 350 offices in Dutchess County and the Mid-Hudson Valley. The consolidation expands OneKey MLS's regional coverage and subscriber base (bringing it to nearly 50,000 professionals), simplifies access to listing data for members, and is expected to be finalized in January 2024.

Tom Barrow Co., an Ardian-backed HVAC platform based in Atlanta, acquired R.F. Peck Co., Inc., a manufacturers’ representative and HVAC distributor serving New York, Vermont and Massachusetts. R.F. Peck will continue to operate as an independent brand (now R.F. Peck HVAC, LLC) with long-time principals Terry Seery and Jim Browe remaining in leadership and investing in the business to support growth in the Northeast.

Docker, Inc. has acquired New York–based AtomicJar, the company behind the open-source Testcontainers framework, in a mixed equity-and-cash deal. The acquisition expands Docker's developer tooling and testing capabilities—adding Testcontainers Desktop and Testcontainers Cloud—to improve the end-to-end developer experience.

Investcorp has completed the acquisition of a 50% stake in Corsair Capital’s infrastructure business, forming a joint entity named Investcorp Corsair Infrastructure Partners to manage the business’s existing funds, investments, and team. The partnership positions Investcorp to expand into the global infrastructure asset class with a focus on transportation, logistics, and related subsectors while Corsair retains the remaining ownership and operating platform.

GlacierPoint Enterprises, a portfolio company of Mill Point Capital, has acquired Cool River Beverages LLC, a specialty direct store delivery (DSD) distributor of Nestlé-branded beverages in the New York Metro area. The acquisition expands GlacierPoint's distribution capabilities into temperature-controlled beverages, diversifying its DSD platform and supporting growth across grocery, convenience and foodservice channels.

Hub International Limited has acquired the assets of Creative Business Solutions Group Inc., an employee benefits firm based in Melville, New York. The Creative Business Solutions team led by President Jason Anker will join Hub Northeast as part of Hub’s strategy to expand its employee benefits capabilities and regional footprint; terms were not disclosed.

San Diego-based cybersecurity provider DeepSeas has acquired GreyCastle Security, a Troy, New York–based cybersecurity professional services firm. The deal expands DeepSeas' advisory, audit-readiness, and incident response capabilities — strengthening its prepare/prevent/protect service framework and enabling packaged compliance offerings for midmarket clients.

Synergy Global Housing has agreed to acquire Primestone Housing Solutions, the corporate housing business unit of New York-based Primestone Partners, for an undisclosed amount. The deal expands Synergy’s U.S. footprint and client relationships with multifamily property managers and corporate relocation customers, while allowing Primestone Partners to focus on its core technology and advisory businesses.

TeleCloud, a Morristown, New Jersey–based cloud telecommunications provider, has acquired the Nextphone customer base from DiRAD, expanding its footprint in cloud-based phone and unified communications services. The deal transfers DiRAD’s Nextphone clients to TeleCloud as the company seeks to grow its SMB-focused managed communications business and extend its 24/7 white-glove support offering.

F.W. Webb Company has completed the acquisition of J.D. Johnson Co. and opened a new 40,000 sq. ft. wholesale location at 184 Church Street in Poughkeepsie, New York. The acquisition expands F.W. Webb's Northeast wholesale footprint and brings J.D. Johnson's long-standing local customer relationships and inventory into F.W. Webb's distribution network.

Marex has completed the acquisition of Cowen's prime brokerage and outsourced trading business, adding roughly 160 employees across eight global offices along with clearing counterparties and trading/reporting technologies. The business will join Marex Capital Markets and continue to be led by Jack Seibald and Mike Rosen as part of Marex's effort to expand its prime services, execution and multi-asset clearing capabilities globally.

Elite Consulting Partners acquired Advisor Successions, LLC and will merge it into its Elite Corporate Services division to form a new entity called Elite Advisor Successions. The new business will offer a platform and consulting services to match qualified buyers and sellers in the financial advisory space, with Advisor Successions CEO Garrett Taylor staying on as Chief Acquisition Officer.

thunder::tech, a Cleveland-based full-service marketing agency, has acquired Silent Partners Media Group, a New York City–founded digital design, development and production agency. The deal brings additional creative, UX and technical digital capabilities and middle-market/enterprise clients (including Scott's Miracle-Gro) into thunder::tech to accelerate capability and client-roster expansion.

Ariel Alternatives' fund Project Black has acquired a 58.5% stake in My Code at an enterprise valuation of $400 million. The majority investment — from existing shareholders including Falfurrias Capital Partners, My Code management and employees, and other investors — will support My Code's growth as a scaled multicultural marketing and media supplier to Fortune 500 clients.

Yieldstreet has entered a definitive agreement to acquire Cadre, a tech-driven commercial real-estate investment platform that serves institutional and high-net-worth investors. The acquisition brings Cadre's institutional client relationships, real-estate product capabilities and investment team into Yieldstreet to expand asset-class offerings and accelerate institutional distribution.

Pharmavite LLC has acquired Bonafide Health for $425 million, expanding its women's health portfolio alongside brands such as Uqora and Equelle. Bonafide Health will continue to operate from its Harrison, New York headquarters and the deal strengthens Pharmavite's position in science-backed nutraceuticals for menopause and women's health.

Trinity Consultants has acquired Longman Lindsey, a New York–based full-service acoustical consultancy, and integrated it into its Built Environment pillar alongside prior acoustical acquisitions such as Cerami. Founder John Longman will remain a key leader within Trinity's Built Environment division; AEC Advisors advised Longman Lindsey on the sale.

McMillan Consulting LLC has acquired the Warwick, New York accounting practice of Paul Rafanello CPA. The combination expands McMillan Consulting's local accounting and financial consulting capabilities and ensures a planned transition as Paul Rafanello retires from active practice in 2024.

Paste Magazine has acquired the online cultural and feminist site Jezebel from G/O Media and plans to relaunch the brand. The purchase brings Jezebel into Paste’s portfolio as part of a strategic effort to expand its cultural journalism reach and preserve Jezebel’s editorial voice.

Bestpass, a toll management and payment platform, has acquired Fleetworthy Solutions, a provider of fleet safety, compliance, and risk management software and services. The deal integrates Fleetworthy's CPSuite compliance platform with Bestpass's tolling and payments capabilities to create a one-stop, tech-powered offering for commercial fleets; terms were not disclosed.

Rezolut, a national diagnostic medical imaging platform, entered into a partnership agreement to acquire Southtowns Radiology, a three-center outpatient radiology network headquartered in Hamburg, New York. The deal expands Rezolut’s outpatient imaging footprint in the Northeast to 19 centers and increases its national total to 43 locations, while allowing Southtowns’ private practice radiologists to continue providing interpretation services.

Bertram Capital portfolio company ReVamp Companies has merged with The Vinyl Outlet, a Buffalo-based residential fencing and decking installer, to expand ReVamp's fencing and decking division and extend its service territory into Western New York. Terms were not disclosed; ReVamp will leverage Bertram Capital's in-house technology team, Bertram Labs, to support customer acquisition and operational expansion.

Movement Climbing, Yoga, and Fitness has acquired The Cliffs Climbing + Fitness, bringing The Cliffs' New York and Philadelphia gyms into Movement's nationwide network. The deal expands Movement's East Coast footprint and adds several large NYC and Pennsylvania facilities, including The Cliffs at Gowanus and The Cliffs at Callowhill.

Arcade Beauty has acquired ORLANDI's TruEssence product line, including laboratory and slurry production equipment and related intellectual property, as ORLANDI exits the scented strips category. Arcade Beauty also entered a strategic lease for a Chattanooga, Tennessee facility to consolidate laboratory and slurry production; ORLANDI will focus on other sampling technologies and scented retail products.

E-J Electric Installation Co. has acquired Long Island City–based electrical contractor Lowy & Donnath Inc. The acquisition adds Lowy & Donnath’s century-long electrical contracting expertise—notably in the healthcare market—to E-J’s national electrical contracting platform and expands E-J’s capabilities in the New York metropolitan area.

Research Solutions, Inc. (NASDAQ: RSSS) has acquired scite, a Brooklyn-based AI-powered research discovery platform known for its Smart Citations. The deal adds scite's ~21,000 active B2C subscribers and $3.6M of annualized subscription value to Research Solutions' product suite, enabling cross-sell opportunities across academic, corporate and government research customers.

Copenhagen-based Danelec has acquired the AI-based technology platform from New York-based Nautilus Labs to combine Danelec’s onboard data capture hardware and install base with Nautilus Labs’ fleet-performance analytics. The deal adds vessel optimization and advanced machine-learning analytics to Danelec’s offering, while the Nautilus platform will continue to operate and support existing customers under Danelec ownership.

New Mountain Capital will lead a shareholder group to acquire Broadcast Music, Inc. (BMI), the world’s largest performing rights organization, with CapitalG taking a passive minority stake. The investment is intended to fund technology upgrades, new service offerings and M&A to increase royalty collections and accelerate cash distributions to BMI affiliates; BMI shareholders will allocate $100 million of sale proceeds to affiliates following closing.

ARC Health, a Thurston Group portfolio company, has acquired Manhattan Psychology Group (MPG), a multi-location behavioral health practice serving the Greater New York City metro area. The add-on strengthens ARC Health's provider network and expands its clinical capabilities — notably combining mental health and Applied Behavior Analysis services — and was facilitated by Mertz Taggart.

RedBird IMI, a joint venture between RedBird Capital Partners and International Media Investments, has made a strategic minority investment in Front Office Sports (FOS). Jeff Zucker will join FOS's board as co-chair and SC Holdings will remain a significant minority shareholder as FOS uses the capital to expand its content, product and distribution reach.

Arthur J. Gallagher & Co. acquired Queensbury, New York–based Hughes Insurance Agency, Inc.; terms were not disclosed. Hughes will join Gallagher Agency Alliance and its principals Linda Abodeely and Joe Koncikowski and their team will continue to operate from their current location under Gallagher's Global Small Business practice.

Greenbriar Equity Group completed a growth recapitalization of VIVE Collision in partnership with VIVE management and Garnett Station Partners; financial terms were not disclosed. The investment will fund VIVE's organic growth and M&A strategy as the multi-site collision repair operator expands across the Northeastern United States.

ARCHIMED has acquired US-based Symbio and Germany-based Proinnovera in an all-equity deal and merged them to create Symbio Proinnovera, a specialized dermatology-focused CRO. The combined group will offer end-to-end dermatology consulting, formulation, testing and clinical research across North America and Europe, with founders rolling equity into the new platform and ARCHIMED-appointed operating partners joining the board to drive growth and further acquisitions.

Wealth Enhancement Group, a Minneapolis-based independent wealth management firm, has acquired Wealth Management Group, LLC, a hybrid RIA in Rochester, New York, bringing approximately $117 million in client assets. The acquisition adds another western New York office to Wealth Enhancement Group’s network and is intended to expand local presence and provide Wealth Management Group’s clients access to broader resources and services.

Kingswood Capital Management and First Bev completed an eight-figure growth equity investment in G FUEL, the gamer-focused energy drink brand, and named Bryan Crowley as CEO. The capital will support scaling the brand, expanding distribution and international reach while the company's founder and COO remain in the leadership team.

Wealth Enhancement Group acquired Adirondack Retirement Specialists, Inc., a hybrid RIA based in Queensbury, New York, bringing a team of two advisors and three support staff and approximately $272 million in client assets. The deal expands Wealth Enhancement Group's presence in the Northeast and adds retirement-focused advisory capabilities to its national wealth management platform.

Fathering Together is acquiring City Dads Group to combine networks, expand programming, and broaden reach for fatherhood support. The combined organization will expand in-person chapters and school-based programming, reaching over 150,000 dads across multiple countries.

Kaltroco, a private investment company backed by the family of Steve Koltes, has made a minority growth investment in The Dave Cantin Group (DCG), a New York–based M&A advisory firm focused on automotive retail and related sectors. The capital will support DCG's expansion into adjacent verticals (motorcycle, RV, powersports, heavy truck), broader geographic coverage, and new advisory service offerings; financial terms were not disclosed.