Acquisitions in Oregon in 2021

Nolan Capital acquired a majority stake in Coastal Farm & Ranch, the Pacific Northwest farm-and-home retailer headquartered in Albany, Oregon. Longtime owner Buzz Wheeler retains an ownership stake and the existing management team remains in place as Nolan Capital and participating investors (Del Mar Ventures and Ted Nark) plan to support growth and scale the business across the Western U.S.

Sensiba San Filippo LLP (SSF), a California-based B Corp accounting firm, announced the merger of Bend, Oregon-based SGA CPAs & Consultants LLP effective December 15, 2021. The combined firm will retain the Sensiba San Filippo name and the Bend office as SSF expands its presence in Central Oregon to serve agricultural clients as well as venture-capital and technology companies.

Arbor Investments has acquired Oregon Freeze Dry (OFD) from Endeavour Capital as the fifth platform investment for Arbor Fund V. OFD, founded in 1963 and headquartered in Albany, Oregon, is North America’s largest freeze-dryer serving consumer (Mountain House), military, and B2B pharmaceutical/nutraceutical customers; terms were not disclosed.

Food52 has entered into a definitive agreement to acquire Schoolhouse, the Portland-based lighting and lifestyle goods maker, for approximately $48 million in cash and stock. The transaction is being funded by investor TCG, which also provided an incremental investment to Food52 as it pursues retail expansion, product assortment growth, and build-out of creative studios.

Prime Pensions LLC, a portfolio company of Mill Point Capital, has acquired Pension Planners Northwest, Inc., an Oregon-based retirement plan design, administration and consulting firm. The deal expands Prime Pensions' geographic footprint in the Northwestern U.S. and strengthens its retirement plan administration capabilities for small and medium-sized business clients.

Phreesia, a public healthcare SaaS company based in Raleigh, North Carolina, has acquired Insignia Health, LLC, the exclusive license holder of the Patient Activation Measure (PAM). The deal brings Insignia's patient activation assessment, education and coaching capabilities into Phreesia's patient engagement platform to expand capabilities and scale PAM across Phreesia's provider and payer customers.

Risk Strategies has acquired Fournier Group, a Portland-based full-service commercial and personal lines retail insurance agency, to expand its presence in the Pacific Northwest and add aviation, entertainment and hospitality expertise. Terms of the deal were not disclosed.

Knife River Corporation, the construction materials subsidiary of MDU Resources Group, Inc., has acquired Baker Rock Resources and Oregon Mainline Paving to expand its platform in the Pacific Northwest. The transactions add about 230 employees, replenish aggregate reserves near the Portland metro area, and bring increased paving capabilities to Knife River's Northwest region.

Signpost, a PE-backed marketing and communications platform for local/home-service businesses, has acquired Securus Contact Systems, a Portland-based live chat and live receptionist service. The deal was a sale by PennSpring Capital (which had owned Securus), and adds always-on chat and receptionist capabilities to Signpost's customer lifecycle and CRM offering.

Storyteller Overland, a Birmingham, Alabama-based Class B RV manufacturer, has acquired GoCamp, a Portland-based peer-to-peer camper van rental service. The acquisition will enable GoCamp to expand nationally and give Storyteller a factory-endorsed rental channel for its MODE vans while preserving GoCamp's personalized rental model and leadership.

SecureAuth, an identity and access management provider based in Irvine, California, acquired Acceptto, a Portland-based startup specializing in AI-driven passwordless authentication and behavioral modeling. The deal bolsters SecureAuth's continuous authentication, adaptive MFA and Zero-Trust capabilities by integrating Acceptto's contextual behavior threat intelligence and passwordless solutions.

B2B Industrial Packaging LLC has acquired Western Packaging, Inc., a regional industrial and agricultural packaging distributor based in Albany, Oregon. The deal, closed November 1, 2021, is an add-on to B2B's platform (backed by GenNx360 Capital Partners) to expand the firm's geographic footprint and service capabilities in the Pacific Northwest.

Platinum Equity has completed the acquisition of Oregon Tool (formerly Blount International) from American Securities and P2 Capital Partners. Oregon Tool, a Portland-based global manufacturer and distributor of saw chain, guide bars, lawn mower blades and related aftermarket products with more than 3,200 employees, will be positioned as a platform for growth and further add-on acquisitions under Platinum Equity's ownership.

Unispace, a global workplace strategy, design and construction firm, has acquired Downstream, an experiential design agency headquartered in Portland, Oregon. The acquisition brings Downstream's branding and technical design expertise into Unispace's global delivery platform and expands Unispace's presence on the U.S. West Coast; terms were not disclosed.

PDQ.com has acquired SimpleMDM, a Portland-based Apple device management platform, to expand PDQ's software management capabilities from Windows into macOS and iOS devices. The acquisition brings SimpleMDM’s cloud-based Apple device management technology and more than 3,000 customers into PDQ’s product portfolio.

BP Energy Partners (BPEP) has signed an equity investment agreement with Onboard Dynamics to provide growth capital to scale the company’s products and service offerings, including its GoVAC Flex pipeline evacuation system. Onboard Dynamics, headquartered in Bend, Oregon, manufactures and leases mobile compression and evacuation equipment for utilities, local distribution companies, and pipeline operators; the transaction was expected to close in October 2021.

OLI Insurance Services, a subsidiary of Heffernan Insurance Brokers, acquired Portland-based Rose City Associates effective October 1, 2021. Rose City will operate autonomously as Heffernan Rose City with founders Pete Lackner and Bob Asher continuing to lead the team while gaining Heffernan/OLI market access, resources and support to grow in Oregon.

Miracle Mile Advisors completed a merger with Johnstone Financial Advisors, bringing a six-person Johnstone team based in Lake Oswego, Oregon into Miracle Mile and increasing the firm's AUM by $150 million. The transaction expands Miracle Mile's presence in the Pacific Northwest and broadens its capabilities in servicing complex high-net-worth estates.

TransTech Energy, a portfolio company of Bridge Industries, through a newly formed subsidiary ENERGYneering Solutions, LLC, acquired a majority ownership stake in ENERGYneering Solutions, Inc., a biogas engineering and services provider based in Sisters, Oregon. The add-on expands TransTech’s biogas engineering, construction, operations and maintenance capabilities and strengthens its West Coast presence while ENERGYneering’s president Benny Benson will retain an ownership stake and remain as president.

Kipu Health, a provider of cloud-based electronic medical records and billing solutions for behavioral health providers, has acquired Avea Solutions, a revenue cycle management software provider for addiction and behavioral health treatment centers. The deal integrates Avea’s billing and RCM capabilities into Kipu’s clinical and revenue platform to streamline operations and improve reimbursement for treatment centers.

Atar Capital's portfolio company Pathways Health and Community Support acquired Renew Consulting, a residential behavioral health provider serving northwest Oregon. The bolt-on acquisition expands Pathways' geographic footprint in Oregon and adds over 200 employees and 24-hour community-based residential programs to Pathways' national behavioral health platform.

Wind River has acquired user experience research and design agency Particle Design, making Particle a wholly owned subsidiary to enhance UI/UX and cognitive UI capabilities within Wind River Studio. The terms were not disclosed; the acquisition is intended to expand Wind River Studio's AI/ML-driven UX and accelerate the platform's user experience capabilities across industries such as automotive, electronics, medical and transportation.

Stem Holdings, Inc. (d/b/a Driven By Stem) acquired Artifact Extracts, a cannabis extraction company based in Oregon, along with two dispensaries and Salem delivery capabilities. The transaction expands Stem's concentrates production capabilities and West Coast retail footprint, enabling integration of Artifact's product lines into Stem's brands and rollout of its Budee delivery platform in Salem and Eugene.

JSR Corporation agreed to acquire Corvallis, Oregon-based Inpria Corporation for USD $514 million, purchasing the remaining outstanding shares to make Inpria a wholly owned subsidiary. The transaction, subject to regulatory approvals, is intended to combine Inpria's metal oxide EUV photoresist technology with JSR's manufacturing and commercial capabilities to accelerate adoption in high-volume semiconductor production.

RealPage, Inc. has agreed to acquire G5 Search Marketing, a Bend, Oregon–based provider of SaaS digital marketing and analytics for the real estate sector. The acquisition adds G5's AI/ML-driven marketing optimization capabilities to RealPage's end-to-end real estate platform; the deal closed in Q3 2021 and was backed by the fact that G5 was held by PeakEquity Partners and Milestone Partners.

American Safety Council (ASC), a portfolio company of Ridgemont Equity Partners, has acquired At Your Pace Online (AYPO), a provider of online professional licensure and state-mandated continuing education across construction trades, real estate, HVAC, electrical, plumbing and insurance. Financial terms were not disclosed; ASC said the deal broadens its digital offerings and expands coverage of adjacent vocational markets.

Austin-based private equity firm CenterGate Capital has acquired Teeny Foods, a Portland, Oregon-based developer and contract manufacturer of frozen filled baked snacks and handheld meals. Patriot Capital provided subordinated debt and an equity co-investment to support the transaction; Teeny’s management and founder family will remain involved as CenterGate partners with the business to pursue growth.

Churchill Mortgage has acquired Team Canales, a three-person mortgage origination team led by Katy Canales, to expand its Pacific Northwest presence across Oregon and nearby markets. The move increases Churchill Mortgage’s PNW division headcount to nearly 150 teammates and bolsters its local origination capabilities in Salem, Portland, Eugene and Corvallis, Oregon.

Bish's RV, a family-owned RV dealer group headquartered in Meridian, Idaho, has acquired Guaranty RV Super Centers, a long-standing family-owned RV dealership in Junction City, Oregon. FOCUS Investment Banking represented the Nill family in the sale, which Bish's said was the best cultural fit to continue the Nill family legacy and preserve continuity for employees and customers.

The Riverside Company has invested in Tiger Lights as an add-on to its Arrowhead Engineered Products (AEP) platform. Tiger Lights, based in Tangent, Oregon, is a manufacturer of aftermarket LED lighting for agricultural and industrial equipment; the deal expands AEP’s non-discretionary product offering and distribution reach in domestic and European end markets.

Great Lakes Rubber & Supply, a family-owned industrial sealing distributor based in Milwaukee, acquired Chinook O-Ring and Seals (a wholesale distributor and custom molded elastomers provider in the Portland/Beaverton, Oregon area). The deal, signed August 20, 2021, expands Great Lakes Rubber's geographic footprint in the Pacific Northwest and extends its value-added services (CMI, kitting, assembly) to Chinook's customers.

Congruex, a Crestview Partners-backed national provider of telecom engineering and construction services, acquired A&M Communications, a Boring, Oregon-based wireless telecommunications installer and maintenance provider. The add-on expands Congruex's footprint across the Pacific Northwest, Rocky Mountain and Texas regions and strengthens its wireless infrastructure and cell-tower capabilities.

Insight Equity's portfolio company LDX Solutions has acquired Western Pneumatics, Inc., a full-service fabricator of pneumatic and mechanical conveying systems headquartered in Eugene, Oregon, with a secondary fabrication location in Ruston, Louisiana. The add-on transaction expands LDX's manufacturing, installation and aftermarket service capabilities for air pollution control and material-handling systems across the contiguous United States.

Traction Capital Partners, a Pacific Northwest permanent equity firm, has acquired Portland-based Stumptown Mattress from founders Michael and Mary Ruth Hanna. The buyers said they plan to build on Stumptown’s retail and growing e‑commerce platform in the Portland and Greater Pacific Northwest markets; financial terms were not disclosed.

Healthy Eyes Advantage (HEA), a Nautic Partners-backed platform, has acquired Professional Eye Care Associates of America (PECAA). The deal, completed on July 27 with undisclosed terms, combines HEA's and PECAA's memberships to serve about 12,000 independent eyecare professionals and preserves PECAA's existing leadership while integrating purchasing, business solutions and member services.

Revinate, backed by Serent Capital, has acquired NAVIS and will operate under the Revinate name with Serent as the largest shareholder. The combined company will integrate Revinate's guest data and marketing automation platform with NAVIS' reservation sales and direct-booking capabilities to create an end-to-end booking solution for hoteliers, serving nearly 8,000 hotels; NAVIS CEO Kyle Buehner will retire and transition responsibilities to Revinate CEO Marc Heyneker.

Bluebird Botanicals acquired Precision Botanical, gaining access to Precision’s Oregon-based hemp cultivation and extraction facility and science-driven product capabilities. Concurrently, Juggernaut Capital Partners made a growth investment in Bluebird to strengthen the combined company's financial profile and support online growth, retail expansion and product innovation.

48forty Solutions, a portfolio company of Audax Private Equity, has acquired Oregon Pallet Repair, Inc., Bailey Pallet, LLC, and Oregon Wood Fibre Recycling, LLC (together “Oregon Pallet”). The deal adds regional pallet recycling, remanufacturing and wood-recycling capabilities (headquartered in Salem, Oregon with an additional facility in Boise, Idaho) as an add-on to 48forty’s national pallet management platform.

Hub International Limited acquired the assets of Oregon-based Ward Insurance Agency, Inc., expanding Hub’s specialty insurance capabilities and regional presence in Oregon. Ward’s team, including President Erik Finrow, will join Hub Northwest and continue serving commercial and personal insurance, employee benefits and risk solutions clients across Eugene, Portland and Medford.

Hydrofarm Holdings Group, Inc. completed the acquisition of Aurora Innovations, Aurora International and Gotham Properties LLC, an Eugene, Oregon-based manufacturer and supplier of organic hydroponic nutrients and grow media. The deal expands Hydrofarm's portfolio of nutrient and growing-media brands and complements its recent purchases of HEAVY 16, House & Garden, and Mad Farmer.

Family Resource Home Care, a Great Point Partners portfolio company, acquired Adeo In Home Care and Helping Hands Home Care — two of the largest independently owned home-care agencies in Oregon. The add-ons expand FRHC’s footprint in the Pacific Northwest to 24 locations across three states and increase its coverage to roughly 79% of the regional population.

SmartBug Media has acquired Worth eCommerce, a Portland-based digital marketing agency that specializes in email and SMS marketing for e-commerce clients. The acquisition adds B2C e-commerce marketing capabilities and a Klaviyo platinum partner to SmartBug's inbound marketing and HubSpot-focused services, and Worth will continue operating under its name as a SmartBug Media company with a remote-first model.

Winc, Inc. has purchased substantially all assets of Natural Merchants, Inc., a U.S. importer and distributor of natural, organic and biodynamic wines. The acquisition expands Winc’s organic and sustainable wine portfolio and leverages Natural Merchants’ supplier relationships to broaden Winc’s DTC and retail offerings.

Corridor Capital and its portfolio company Nationwide Property & Appraisal Services have acquired First Choice Appraisal Management (FCAM), a Portland-based appraisal management company, in partnership with FCAM founder Jeff Richards and CEO Jim Baumberger. The deal is an add-on to Nationwide’s platform and further expands Nationwide’s national scale in appraisal management and valuation services.

Weyco Group, Inc. acquired substantially all operating assets and certain liabilities of Forsake, Inc., including the Forsake brand, for approximately $2.5 million plus contingent payments. Forsake will join Weyco's outdoor division (together with BOGS) to expand Weyco's presence in the outdoor footwear market; Forsake's co-founders joined Weyco to continue leading the business.

Swander Pace Capital formed Triple Crown Holdings to partner with and acquire T-Bev, Inc., a manufacturer and distributor of natural and organic tea extracts, caffeine and botanical ingredients for the functional beverage and dietary supplement markets. Five Points Capital led unitranche financing and provided an equity co-investment to support the transaction; Triple Crown will pursue organic growth and add-on acquisitions in the clean-label food ingredients category.

Aceto, a global provider of specialty materials for life sciences and advanced technology end markets, acquired Eugene, Oregon-based Cascade Chemistry, a CDMO specializing in active pharmaceutical ingredients (APIs) and advanced intermediates. The acquisition strengthens Aceto's U.S. cGMP custom manufacturing capabilities and expands North American API manufacturing capacity; Cascade Chemistry recently announced a facility expansion that will triple its clinical-stage API capacity.

Banneker Partners, an enterprise software-focused investment firm, has made a growth investment in iGrafx, a Tualatin, Oregon-based provider of Business Process Management, process mining and workflow automation solutions. The capital will be used to accelerate product development, sales and marketing, professional services and customer support, and to pursue strategic acquisitions.

OneDigital has acquired Portland-based Impact Benefits & Retirement and Strategic Employee Benefit Services of Oregon to expand its Pacific-region presence. The acquisitions broaden OneDigital’s employee benefits, retirement/wealth and HR advisory capabilities and bring the two offices into OneDigital’s Pacific team under shared oversight.

High Street Insurance Partners (HSIP), a Traverse City-based insurance brokerage platform, acquired Hermiston, Oregon-based Simmons Insurance Group. Simmons Insurance Group will remain led by Agency President Jacob Neighbors and will operate its Hermiston and Beaverton offices as part of HSIP’s expanding Pacific Northwest footprint.