Acquisitions in Oregon in 2019

Physical Rehabilitation Network (PRN), a Carlsbad, California–based operator of outpatient rehabilitation clinics, has acquired Team Rehab, a Portland-based integrative outpatient rehab group operating three clinics in Portland, Clackamas and Tualatin, Oregon. The deal expands PRN’s Pacific Northwest footprint (bringing its clinic count in the region to 26) and represents PRN’s first entry into Oregon.

Germany-based RENA Technologies GmbH, backed by private equity firm Equistone Partners Europe, has acquired US-based MEI LLC (Albany, Oregon) to strengthen its semiconductor wet-chemical processing capabilities and expand its presence in the US market. The deal combines complementary product portfolios and service organizations to offer end-to-end wet-chemical process solutions across semiconductor, MEMS and SiC processing applications.

Health & Safety Institute (HSI), a provider of EHS software, training and compliance services (majority-owned by Waud Capital Partners), acquired Martech Media, Inc., an industrial technologies training and e‑learning provider. The acquisition adds Martech Media’s interactive industrial curriculum and training professionals to HSI’s platform to expand HSI’s industrial technical training and workforce development capabilities.

Guardian Capital Partners invested in WS Acquisition, LLC, the parent of Western Shelter Systems and CrewBoss, partnering with the company’s executive management (CEO Michael Scala and CFO Greg Lyons) to support growth. Centerfield Capital Partners provided financing and minority equity; Guardian plans to expand the business through infrastructure and product investment and add-on acquisitions.

Waud Capital Partners has acquired Health & Safety Institute (HSI), a cloud-based environmental, health and safety (EHS) compliance and training platform, from The Riverside Company. The transaction provides HSI with growth capital and operational support to expand its technology platform and accelerate growth; terms were not disclosed.

Washington, D.C.-based private equity firm Grain Management has acquired a majority interest in Hunter Communications, a regional fiber-optic network operator serving southern Oregon and parts of northern California. The deal (terms undisclosed) will support Hunter's network densification and footprint expansion as the company prepares for growth under Grain's ownership.

Polytek Development Corp., a portfolio company of Arsenal Capital Partners, has acquired Stone Coat Countertops, a Grants Pass, Oregon-based supplier of epoxy coating and casting systems. The deal adds Stone Coat's educational platforms, web-based channels, and consumer-facing product portfolio to Polytek's specialty polymers and consumer brands as an add-on to broaden casting and coating capabilities.

CyberRisk Alliance (CRA), a PE-backed business intelligence company focused on cybersecurity, has acquired Cybersecurity Collaborative, a private peer-council platform for CISOs founded by Stuart Cohen. The deal brings Cybersecurity Collaborative into CRA’s portfolio to expand its peer council/membership offerings and accelerate product and market expansion for CISOs across enterprise, government and healthcare organizations.

The Riverside Company has invested in Performance Systems Integration (PSI), a Portland, Oregon–based fire and life safety services provider, to establish PSI as a fire and life safety platform in the Pacific Northwest. Riverside said it will pursue strategic add-ons, establish a technician training academy, and expand PSI’s sales and marketing to grow the business.

Bigtincan (ASX:BTH) acquired Veelo Inc., a Portland-based sales enablement platform, to expand its sales enablement capabilities and strengthen its presence in the technology market vertical. The acquisition will integrate Veelo’s desktop/web-focused sales enablement and content/coach features into Bigtincan’s mobile-first, AI-powered platform and adds Veelo employees across the United States (including Portland, OR and Minneapolis, MN) to Bigtincan’s North American footprint.

Hemptown Organics Corp (Hemptown USA) acquired substantially all assets of the Kirkman Group, an FDA-licensed, cGMP-certified nutraceutical manufacturing business based in Lake Oswego, Oregon. The deal provides Hemptown a 25,000 sq. ft. manufacturing facility, formulations, production equipment, and the Kirkman management team and IP, accelerating Hemptown's vertical integration and entry into consumer packaged goods.

Converge Technology Solutions Corp. acquired Nordisk Systems, Inc., a Portland-based IT solutions provider focused on infrastructure, cloud, security, analytics, business continuity and managed services. Nordisk's CEO Deney Dentel and the existing management team will remain in place as Converge integrates Nordisk to expand its Northwest U.S. geographic coverage and extend Converge's hybrid IT, cloud and managed services offerings across North America.

Arlington Capital Partners completed a majority growth investment in Riverpoint Medical, a Portland-based developer and manufacturer of advanced biomedical textile medical devices. The investment will support Riverpoint's plans to expand manufacturing capacity, accelerate product development across wound closure, sports medicine and animal health markets, and scale the business with existing management retaining material ownership.

Banner Solutions, a portfolio company of High Road Capital Partners, has acquired Berg Wholesale, a Tualatin, Oregon-based wholesale distributor of door, bath and security hardware. The add-on deal — Banner's fourth under High Road's ownership — expands Banner's geographic footprint (distribution centers in Anaheim and Orlando) and enhances its capabilities in the multi-family and residential markets; the transaction closed May 31, 2019 with financing provided by Monroe Capital.

Spiral Binding LLC announced an investment in MyBinding, a Hillsboro, Oregon-based binding and laminating dealer, to enhance Spiral's e-commerce reach and expand its product portfolio. Spiral, a portfolio company of Hilltop Private Capital and KCB Private Equity, will integrate MyBinding's online capabilities and regional sales presence to broaden its distribution and customer reach.

Apptio, a Bellevue-based technology business management software company, completed the acquisition of Cloudability, a Portland-based leader in multi-cloud financial management, on May 31, 2019. The deal adds Cloudability’s FinOps capabilities — which manage more than $9 billion in enterprise cloud spend and serve 250+ enterprise customers — to Apptio’s portfolio to deliver an integrated, cloud-agnostic cost and financial-management solution.

Woolpert has acquired Geomatics Data Solutions (GDS), a marine and terrestrial survey data firm, to add bathymetric lidar and hydrographic surveying expertise to its geospatial services. The acquisition establishes a Maritime Solutions market within Woolpert's Geospatial sector and expands the firm's ability to deliver integrated land-to-nearshore elevation data for government and commercial clients.

Encore Consumer Capital completed an investment in KYLA, Inc. (KYLA Hard Kombucha), a Hood River, Oregon-based alcoholic kombucha brand. The capital is intended to support KYLA's innovation pipeline and sales and marketing efforts as the brand expands retail and on-premise distribution across the U.S.

Routeware, Inc. has acquired EasyRoute, Inc. and its UK parent Webaspx to expand its route optimization and route management product line. The deal integrates EasyRoute/Webaspx's route optimization technology with Routeware's on-board computer systems and analytics to strengthen offerings for municipal and private waste haulers.

Kettle Cuisine, a Kainos Capital‑backed fresh soup manufacturer based in Lynn, Massachusetts, has acquired Harry's Fresh Foods, a custom food manufacturer in Portland, Oregon. The acquisition expands Kettle Cuisine's coast‑to‑coast manufacturing footprint and capabilities in fresh and frozen soups, sauces and prepared foods.

Opinion Dynamics, a Waltham, Massachusetts-based energy evaluation and market research firm, has acquired Research Into Action, a Portland-based energy evaluation and market insights company. The acquisition brings Research Into Action's energy research professionals into Opinion Dynamics to expand capabilities and further grow the firm's core services across the U.S.

ICON plc acquired MolecularMD Corporation, a molecular diagnostic specialty laboratory, to expand ICON's molecular diagnostic testing capabilities—including next-generation sequencing and immunohistochemistry—and strengthen support for oncology drug–diagnostic co-development. The acquisition integrates MolecularMD's central laboratory services and client base into ICON's global laboratory network to support precision medicine programs across clinical development phases.

The Middleby Corporation has acquired EVO America, Inc., a Portland-area designer and manufacturer of patented ventless cooking equipment for the commercial foodservice market. The acquisition, advised by Auctus Capital Partners, expands Middleby’s ventless cooking product offerings and allows integration of EVO’s technology into Middleby’s global sales and distribution channels; terms were not disclosed.

Corridor Capital, alongside mezzanine investor Aldine Capital, has made a growth investment in FMT Solutions, an Oregon-based provider of retirement planning educational content and tech-enabled marketing services for RIAs and wealth advisors. Comerica Bank provided a senior credit facility to support the transaction; proceeds will be used to accelerate growth through investments in sales, technology, digital marketing, new product development and potential strategic acquisitions.

Akamai Technologies has completed its all-cash acquisition of Janrain, a pioneer in customer identity and access management (CIAM). The deal integrates Janrain’s Identity Cloud into the Akamai Intelligent Edge Platform to add identity management and risk-based adaptive authentication capabilities to Akamai’s security and edge offerings.

PennSpring Capital, a lower middle market private equity firm, has acquired Securus Contact Systems, a Portland-based provider of virtual receptionist and call center services. The founders remain in place with meaningful equity, and PennSpring intends to invest in the company's proprietary platform and pursue add-on consolidation opportunities.

KPA, a SaaS and services provider for compliance and workforce management, has acquired Compli, a Portland-based provider of HR business process automation software. The acquisition adds Compli’s workflow and compliance automation capabilities to KPA’s HRIS, ATS, training and HR advisory offerings to expand KPA’s human capital management solution for small and middle-market companies.

QuickLogic Corporation has acquired SensiML Corporation, a SaaS edge/endpoint AI software provider; terms were not disclosed and the deal was funded in QuickLogic common stock. SensiML will operate as a division of QuickLogic and continue developing its platform-independent Analytics Toolkit to support a broad set of SoCs, adding SaaS revenue and edge-AI capabilities to QuickLogic's semiconductor and eFPGA offerings.

Stonehenge Partners acquired PPM Technologies, LLC in January 2019. PPM, headquartered in Newberg, Oregon, designs, engineers, and manufactures food processing equipment and replacement parts for a global base of packaged food producers.