Acquisitions in North Carolina in 2025

Lindsay Goldberg has completed the sale of its interest in Pike Corporation following a 25-year partnership. The transaction transfers a majority stake to TPG and Caisse de dépôt et placement du Québec (La Caisse), alongside Pike management, positioning Pike for accelerated growth in U.S. electric-grid, renewables and telecom infrastructure services.

Fortune International, a premier seafood processor and distributor based in Bensenville, Illinois, has acquired Simply Fresh, a Durham, North Carolina-based fresh fish and seafood processor and purveyor. The acquisition expands Fortune's Mid-Atlantic and Southeast sourcing and custom-cutting capabilities while bringing Simply Fresh's team and regional relationships into Fortune Fish & Gourmet.

IT Solutions, a North American managed service provider, has acquired Technology Associates, a Raleigh, North Carolina-based managed IT services firm. The deal expands IT Solutions' East Coast footprint and enhances its managed IT, cybersecurity, and cloud capabilities to better support SMB clients across the Carolinas.

Parella Motorsports Holdings (the owner/operator of SpeedTour) has acquired Racing America, a digital-first motorsports media and streaming platform. The deal, completed under the ownership of Velocity Capital Management (with support from the Texas Permanent School Fund), combines live-event promotion with Racing America's digital production and streaming capabilities to create an integrated grassroots motorsports media and events platform headquartered in North Carolina.

Enceladus Partners, a family office, completed an investment in Smith Excavating, LLC, a second‑generation infrastructure services company headquartered in Winston‑Salem, North Carolina. Generational Group advised the transaction; Enceladus said the capital will support regional expansion, fleet and technology investments (including GIS capabilities), and partnership with CEO Matthew Smith to scale the business across the Mid‑Atlantic.

ZS has acquired Torrent Consulting, a Salesforce consulting partner specializing in Health Cloud, Life Sciences Cloud and Agentforce, to strengthen ZS's healthcare, data and AI capabilities and accelerate CRM transformation for healthcare and life sciences clients. The deal brings Salesforce architecture, accelerators and disciplined delivery capabilities into ZS, enabling expanded AI-driven engagement across commercial, medical, service and contact center workflows.

Kingswood Capital Management, LP has acquired Daramic, a global manufacturer of polyethylene and phenolic resin-based lead battery separators, from Asahi Kasei. The deal is a corporate carveout intended to support Daramic's next phase of growth and strengthen Kingswood's presence in the automotive aftermarket; Chad Schuchmann will become Daramic's CEO.

Torque Capital Group has acquired Joe Gibbs Manufacturing Solutions from Joe Gibbs Racing and rebranded the business as JGA Space & Defense. The company will focus on supplying advanced specialty composites, precision-machined aerospace and defense components, and rocket propulsion assemblies, and will expand into a ~60,000 sq. ft. facility in Huntersville, North Carolina to support growth into the space and defense supply chain.

SiteOne Landscape Supply, Inc. completed the acquisition of French Broad Stone Yards, a wholesale distributor of hardscape products with locations in Arden and Brevard, North Carolina. The deal expands SiteOne's presence in the North Carolina mountain region and brings the local French Broad team into SiteOne's national distribution network.

Patient Square Capital, a healthcare-focused investment firm, has completed its $2.6 billion acquisition of Premier, Inc. Under the deal, Premier will be taken private, delisted from Nasdaq, and Premier stockholders will receive $28.25 per share in cash. The transaction positions Patient Square to grow Premier's technology-driven data, analytics, supply chain and consulting offerings.

Patient Square Capital, a healthcare-focused private equity firm, is acquiring Premier, Inc. in a take-private transaction approved by Premier stockholders. Under the deal Premier stockholders will receive $28.25 per share (a ~23.8% premium) and the transaction — valued at roughly $2.6 billion — was expected to close on or about November 25, 2025.

Sigma Performance Services Racing (SPS Racing) has acquired AM Racing, combining the two motorsports organizations and leveraging technical support from Ford Racing. The deal brings AM Racing into SPS's expanded national footprint — including entries in the NASCAR Xfinity Series and ARCA Menards Series — and aims to accelerate driver development, engineering performance and competitive capability for the 2026 season.

Chemtrade Logistics Income Fund completed the acquisition of Polytec, Inc., a southeastern U.S. turnkey water treatment solutions provider, for US$150 million. The deal expands Chemtrade's water-treatment chemicals platform by adding Polytec's service capabilities, products and end-market access (municipal and food-processing) to support cross-selling and Vision 2030 growth targets.

Wolter Inc., a Brookfield, Wisconsin-based material handling solutions provider, has acquired Carson Industries, Inc. and its operating units (Carson Material Handling, Carson Dock and Door, J&J Forklift Services and Pinnacle Lift Systems), expanding Wolter’s footprint with four locations across North and South Carolina. The deal enhances Wolter’s regional service capacity for forklifts, dock & door systems, rentals, parts and planned maintenance, enabling broader product access and improved service for local manufacturers, logistics providers and distribution centers in the Southeast.

King Risk Partners has acquired Stuart Surles Insurance, an independent agency based in Angier, North Carolina, expanding King Risk's footprint in the state. The acquisition strengthens King Risk's farm and crop insurance capabilities while preserving Stuart Surles Insurance's local, relationship-driven service model.

MRO has acquired Clinetic, an AI-driven patient recruitment management platform that integrates with provider EHRs to identify and enroll patients for clinical trials. MRO plans to incorporate Clinetic’s software across its clinical data platform (including the Q-Centrix Research Network) to expand recruitment capacity, streamline enrollment, and enhance research capabilities for hospitals, health systems, and life sciences sponsors.

ARC Health Partners has acquired Clarity Counseling Center, an outpatient therapy practice based in Wilmington, North Carolina, expanding ARC's presence in the state. Clarity, founded in 2015 by Karin Kassab, offers in-person and telehealth mental health services; the deal adds to ARC's growing platform (backed by Thurston Group) of partner practices nationwide.

Landscape Workshop, a commercial landscape maintenance platform backed by Ares Management Corporation, has acquired Live Oak Landscape, LLC to expand its Charlotte, North Carolina presence. Live Oak owner Matt Kaylor and all Live Oak employees will join Landscape Workshop as part of the add-on acquisition, supporting LW's broader expansion across the Southeastern U.S.

Align Capital Partners (ACP) completed a growth capital investment in Advantage Investigations, a national insurance investigative services platform, with CEO Shelly Kummings remaining in place. The partnership will support Advantage's national expansion, technology and AI investments, and continued M&A activity to expand its insurance services offerings.

American Bancorp Inc., parent of American Pride Bank, completed a stock-for-stock merger with New Republic Partners Inc., the parent company of Charlotte-based New Republic Bank. The deal makes New Republic Bank a sister bank to American Pride Bank and expands American Bancorp's presence across the Southeast, bringing the combined company to roughly $900 million in assets.

An Imaginuity subsidiary has acquired the Adwerx digital advertising automation platform and supporting team (≈40 employees) from Adwerx. The platform — used by more than 12,000 users across real estate, mortgage and distributed organizations — will be integrated with Imaginuity’s Pylot CMS and AdScience performance intelligence engine to expand product-led growth and always-on, personalized ad automation for franchise and multi-location clients.

JoyBridge Kids has acquired Pediatric Advanced Therapy, a North Carolina-based provider of pediatric speech, occupational, physical therapy and counseling, to expand multidisciplinary care across the Southeastern United States. The deal strengthens JoyBridge’s integrated ABA and supportive-therapy platform; Frontline Healthcare Partners, which holds an ownership stake in JoyBridge Kids, commented on the strategic fit.

AAR Corp. has acquired HAECO Americas from HAECO Group for $78 million in cash, expanding AAR's heavy maintenance footprint with two facilities in Greensboro, North Carolina and Lake City, Florida. The deal adds roughly 1,600 employees and comes with multi-year heavy maintenance contracts worth over $850 million, which effectively sell out the acquired facilities and support AAR's Repair & Engineering growth strategy.

Platinum Equity has completed the acquisition of PlayPower, a designers and manufacturer of recreational and outdoor living systems, from Littlejohn & Co. PlayPower is headquartered in Huntersville, North Carolina and operates manufacturing and distribution networks across North America and Europe; financial terms were not disclosed. Platinum Equity intends to support PlayPower's organic growth and pursue complementary acquisitions to expand the company's family of brands.

Cabin Consulting, a Charlotte-based digital experience consultancy, has acquired Cloud Connects, a boutique Salesforce consultancy, to expand its Salesforce implementation and integration capabilities. The deal brings Cloud Connects' founders and Salesforce expertise into Cabin to offer end-to-end digital transformation services for enterprise clients.

Next Glass has acquired Ekos, the Charlotte-based supply chain and production management SaaS platform for craft beverage producers. The deal brings Ekos's inventory, production, reporting, compliance, and B2B ordering capabilities into Next Glass's beverage software ecosystem to create an end-to-end platform and will include a two-year price freeze for existing Ekos customers.

CSI (Computer Services Inc.) has completed the acquisition of Apiture, an API-first digital banking platform for U.S. banks and credit unions. The deal integrates Apiture’s digital banking, account opening and fintech integrations into CSI’s core banking, customer engagement and lending suite to expand CSI’s digital banking capabilities and accelerate innovation for community and regional financial institutions.

Oasis Health Partners has acquired PreferCare, a management services organization that partners with independent physicians to deliver in-home and virtual care for at-risk seniors. The acquisition expands Oasis’s value-based primary care footprint into North Carolina and brings added analytics, clinical and quality programs to support providers and seniors.

PremiStar announced that Smith's Refrigeration, a full-service mechanical contractor based in Lumberton, North Carolina, has joined the PremiStar family of companies. The acquisition expands PremiStar’s HVAC, refrigeration and mechanical capabilities in North Carolina and South Carolina and strengthens its service coverage across healthcare, senior living, education, manufacturing and government end markets.

Lennox International completed the acquisition of NSI Industries' HVAC division, including the Duro Dyne and Supco brands, expanding its HVAC parts and supplies portfolio. The divestiture—announced by Sentinel Capital Partners—enables NSI to refocus on its core electrical products business while strengthening Lennox’s lifecycle offerings for residential and commercial customers.

MB2 Dental, a Dallas-based dental partnership organization and portfolio company of Charlesbank Capital Partners and Warburg Pincus, has partnered with A Beautiful Smile, a family dental practice led by Dr. Gina Mancini in Jacksonville, North Carolina. The transaction brings the single-location practice into MB2 Dental’s platform as an add-on to expand its network and local patient services.

TPG acquired a majority interest in AvidXchange in a take-private transaction valued at approximately $2.2 billion, with Corpay purchasing a 34% minority stake for about $550 million. The deal will make AvidXchange a private company as TPG leads efforts to accelerate growth while Corpay partners strategically to expand payments and AP automation capabilities.

Marlin Equity Partners completed a growth investment in Intelligent Locations, a Raleigh-based provider of AI-powered real-time location system (RTLS) software for healthcare organizations. The funding will support further development of Intelligent Locations' INTRAX platform; First Analysis also participated while founder Bogdan Nedelcu and HealthX Ventures will retain significant stakes.

Cordance has acquired AppsAnywhere, a provider of application delivery and IT management software for higher education, to deepen its education technology portfolio and align the product with existing Cordance holdings. The deal pairs AppsAnywhere’s student-centric application delivery platform with LabStats’ analytics to expand capabilities for universities and improve IT efficiency and student experiences.

TopBuild Corp. acquired Specialty Products and Insulation (SPI) from Incline Equity Partners in an all-cash transaction valued at $1.0 billion. The acquisition expands TopBuild’s geographic footprint and mechanical insulation fabrication capabilities, adds ~90 branches and ~1,000 employees, and increases TopBuild’s exposure to recurring maintenance and repair revenue.

SiteOne Landscape Supply, Inc. (NYSE: SITE) has acquired Red's Home & Garden, a single-location wholesale distributor of nursery and hardscape products in Wilkesboro, North Carolina. The acquisition provides SiteOne a strategic entry into North Carolina's Appalachian market and expands its footprint to better serve residential and commercial landscape professionals.

Juniper Square has acquired Tenor Digital, an AI-enabled platform for private credit lenders and loan administrators, to integrate Tenor’s loan servicing, reporting, and reconciliation tools into Juniper Square’s fund administration and JunieAI platform. The deal expands Juniper Square’s capabilities and market reach into the fast-growing private credit sector and brings Tenor’s founding team, including CEO Tony Chung, into Juniper Square leadership.

Alpine Intel, a Charlotte-based provider of forensic investigation and insurance intelligence services, has acquired HMI, a Cary, North Carolina–based provider of national outdoor property claims support. The acquisition expands Alpine Intel’s capabilities to include tree and landscape loss services—such as emergency tree removal, estimate reviews, and replacement/repair cost estimates—strengthening its data-driven offerings for insurance carriers.

Adams Outdoor Advertising has acquired Scotty Outdoor, adding 132 static billboard faces and 3 digital faces across North and South Carolina. The acquisition expands Adams' out-of-home footprint across key Carolina markets (from Boone and Charlotte to Emerald Isle and Columbia), strengthening its regional advertising coverage.

The Retirement Planning Group (TRPG), Cetera’s employee-based RIA, closed the acquisition of HMC Partners, an advisory firm based in Greensboro, North Carolina, bringing approximately $425 million in assets to Cetera/TRPG. HMC Partners serves more than 500 households; co‑founders John Hardy and Gib McEachran have joined TRPG following a multi-year affiliation with Summit Financial Networks.

Clearspan, a Plano-based provider of cloud unified communications solutions, has acquired AveriStar, a Charlotte-based specialist in cloud-based UC engineering and hosted Cisco/BroadSoft platforms, in a private transaction. The deal expands Clearspan's scale and capabilities in the U.S. service provider, large enterprise and SLED/Federal markets; Q Advisors acted as exclusive financial advisor to AveriStar.

Hatcher Landscape Partners (HLP), a newly formed commercial landscape platform backed by Walnut Grove Capital Partners, has acquired GreenView Partners, a Raleigh-based commercial landscape services firm. The deal brings GreenView into HLP alongside Michael Hatcher & Associates to expand service capabilities and geographic reach across the Southeastern United States.

Glooko, a Palo Alto–based digital health company, has acquired Monarch Medical Technologies, the Charlotte-based developer of the FDA‑cleared EndoTool inpatient glucose management system. The deal expands Glooko's connected diabetes care platform into hospitals and inpatient glycemic management; financial terms were not disclosed.

Main Street Capital Corporation invested $14.0 million in a minority recapitalization of The Financial Risk Group, LLC (FRG), funding the transaction with a combination of first lien senior secured term debt and a direct equity investment. FRG, headquartered in Cary, North Carolina, is a technology-enabled risk management firm that provides risk analytics, data management consulting, software implementation and cloud-based hosting services to financial institutions, insurers and other commercial customers.

DelCam Capital has acquired Gaston Electronics and will integrate the company into its Space Age Electronics platform. The acquisition adds UL 508A industrial control panel design and vertically integrated electronics manufacturing capabilities (box builds, prefabrication) to Space Age, expanding its HVAC, fire/life-safety, medical device and government end-market capabilities and geographic footprint.

Kinderhook Industries has acquired Advanced Digital Cable Inc., a U.S. manufacturer of low-voltage copper wire and cable solutions founded by the Payne family in 1997. Kinderhook will position ADC as a platform for growth, recruiting industry executive Kurt Breischaft as CEO and providing financing support from Eldridge, Twin Brook Capital Partners, and MUFG.

Eyas Capital has acquired BOJ of WNC LLC, the largest Bojangles franchisee group led by Jeff Rigsby, in a deal that includes a portfolio of 120 locations across six states. Eyas plans to expand the Bojangles footprint in the Cincinnati and Columbus markets and integrate the brand into its hospitality investment portfolio.

Centre Partners and Baldwin Creek Partners formed TruTemp Holdings, LLC and acquired Maynor Service Company to create a field-services platform focused on HVAC, plumbing and electrical services in the U.S. Southeast. Maynor’s president Brett Chappell invested alongside the firms and will lead TruTemp as the platform pursues a buy-and-build consolidation strategy across the region.

Sverica Capital Management has sold its portfolio company RMS Healthcare Management (d/b/a Med First). The buyer was not disclosed in the announcement; Med First is a Raleigh, North Carolina–headquartered primary care and urgent care operator that grew from 13 to 27 clinics under Sverica and serves over 220,000 patients annually with a focus on tier-2 and rural markets and value-based care models.

Salas O’Brien has merged with AME Consulting Engineers, a North Carolina-based MEP, fire protection, and technology engineering firm, to strengthen its capabilities across federal, municipal, healthcare, aviation, and education markets. AME brings more than 30 team members and deep experience in complex facility renovations, while the deal expands Salas O’Brien’s technical capacity and regional presence.