Acquisitions in Oregon in 2022

P1 Service Group, a portfolio company of Edgewater Growth Capital Partners, has acquired Sky Heating, AC, Plumbing & Electrical, a Portland-area residential HVAC, plumbing and electrical services provider. The acquisition expands P1's platform into the Pacific Northwest; Sky's owner and president Travis Smith will continue to lead the business and remain a shareholder.

Kodiak Building Partners, a building materials acquisition firm based in Highlands Ranch, Colorado, has acquired Diamond Home Improvement, a family-owned home improvement retailer headquartered in Southern Oregon with locations in Klamath Falls and Grants Pass. The acquisition expands Kodiak's Pacific Northwest footprint and strengthens its general lumber and building materials operations while preserving local autonomy and leadership under John Steiner.

An affiliate of Maple Hill Capital has acquired Warne Scope Mounts from Salt Creek Capital. Warne, a U.S.-based manufacturer of firearm scope mounting systems founded in 1991 and headquartered in Tualatin, Oregon, will be positioned for further scaling and capability expansion under the new ownership.

RMA Companies has acquired Northwest Geotechnical Consultants, Inc. (dba Northwest Geotech), a Pacific Northwest provider of geotechnical engineering, environmental consulting, construction inspection, and construction materials testing services. The deal is an add-on to RMA's testing and inspection platform (RMA is a portfolio company of OceanSound Partners) and expands RMA's soil mechanics lab capabilities and regional presence in Oregon.

3STEP Sports has acquired North Pacific Juniors Volleyball Club (NPJ), adding NPJ's four-location youth volleyball platform in the Pacific Northwest to 3STEP's national volleyball vertical. The acquisition expands 3STEP's footprint in Oregon and Washington and brings NPJ's year-round programming, beach volleyball assets and a 38,000 sq. ft. Salem hub into 3STEP's network.

Atlanta-based private equity firm Crown Capital Investments has acquired Pacific Yurts, Inc., the original designer and manufacturer of the modern yurt. The acquisition adds the Cottage Grove, Oregon-based yurt maker to Crown Capital's portfolio and aims to support Pacific Yurts' growth, product innovation, and mission of providing quality, affordable, environmentally friendly shelters. Crown said the partnership will enable the company to enhance opportunities for employees and expand its market presence.

The Liberty Group, a portfolio company of The Halifax Group, has acquired Apartment Advantage, a Pacific Northwest apartment staffing and training provider. The deal expands Liberty's multifamily staffing footprint into the Portland, Oregon market and strengthens its presence in the Seattle area; terms were not disclosed.

Foundation Partners Group, an Orlando-based provider of funeral and cremation services, has acquired Solace Cremation, a Portland, Oregon-based online direct-cremation company that serves families in Oregon, California and Florida. The deal adds a digital-first brand to Foundation Partners' existing Tulip Cremation offering, expanding the company's direct-to-consumer deathcare capabilities and national reach.

Giftcraft Ltd., a portfolio company of Indianapolis-based private equity firm CID Capital, has acquired RipSkirt Hawaii, a direct-to-consumer beachwear apparel brand. Terms were not disclosed; the deal is intended to accelerate Giftcraft’s digital and direct-to-consumer capabilities by leveraging Giftcraft’s sourcing, distribution and support with RipSkirt’s digital marketing strength.

Port Jersey Logistics, a family-owned full-service 3PL based in Cranbury, New Jersey, has acquired TruckItNow Transportation of Wilsonville, Oregon. The deal expands Port Jersey/Continental Logistics' nationwide footprint and adds temperature-controlled (reefer/frozen) transportation, LTL pool capability, and related coordination/administration staff.

Lithia & Driveway (LAD) has acquired Airstream Adventures, the nation’s largest Airstream dealer group, including its Ultimate Airstreams upfitting business and six retail locations across Oregon, Washington, Idaho and Northern California. The deal marks Lithia’s entrance into the luxury recreational vehicle market; Airstream Adventures founder Ted Davis and his team will join Lithia.

PLAYSTUDIOS, Inc. (NASDAQ: MYPS) acquired Portland-based mobile casual game developer Brainium for $70 million in upfront cash plus contingent consideration. The deal more than doubles PLAYSTUDIOS' average daily active users, expands its casual game portfolio (Solitaire, Sudoku, Mahjong, etc.), and diversifies revenue by adding advertising-driven titles to its playAWARDS loyalty platform.

Bishop Lifting Products, a portfolio company of Altamont Capital Partners, completed the acquisition of Westech Rigging Supply, which operates locations in Eugene and Salem, Oregon. The add-on expands Bishop's Northwest footprint and ecommerce reach; current Westech owner Nick Anderson will join Bishop as Director of Ecommerce following the closing.

Columbia River Partners has partnered with CTL Inc., a Beaverton-based provider of Chrome hardware and services, to provide new capital to expand CTL's offerings for K-12, government, and commercial markets. As part of the investment, former Google Chrome OS product leader Alberto Martin joins CTL's advisory board to support growth and product strategy.

The Mather Group, a Chicago-based wealth management firm with approximately $8.4 billion AUM, has acquired Cedar Financial Advisors, an RIA based in Beaverton, Oregon with about $107 million in AUM. The deal adds a Portland-area office to TMG's footprint and provides succession planning for Cedar's founders while expanding TMG's local advisor presence in the Pacific Northwest.

Mount Adams Fruit has acquired the pear operations of Stadelman Fruit Company, including orchard, packing, and storage assets in Oregon's Hood River Valley. The acquisition expands Mount Adams Fruit's pear footprint, improves harvest management and operational efficiencies, and brings the assets closer to growers.

PracticeTek has acquired GrowthPlug, an AI-driven practice marketing and automation SaaS, adding the business to PracticeTek’s portfolio of healthcare software solutions. GrowthPlug will continue to be led by CEO Sudhir Bhatti and COO Shavita Bhatti; investor Elevate Capital exits its stake as part of the transaction.

Gladstone Capital completed a debt investment to support Enlightened Hospitality Investments and KarpReilly's investment in Salt & Straw, providing capital to fuel the ice cream chain's expansion. The funding will help Salt & Straw add locations across the U.S. and grow its delivery and e-commerce business.

Halo Collective Inc. completed the acquisition of substantial assets of three Pistil Point operating entities (Decatur One LLC, Bradford Two LLC and Bradford Three LLC) through its subsidiary ANM Inc., securing indoor and outdoor cultivation, manufacturing and distribution capabilities in Portland, Oregon. The deal was paid principally in Halo common shares (US$4.0 million consideration issued as 47,224 shares) and strengthens Halo's vertically integrated operations and distribution reach across Oregon.

Ryan has acquired the OneSource Property Tax and OneSource Transfer Pricing product lines from Thomson Reuters, transferring roughly 25 team members and more than 600 clients to Ryan. The purchase expands Ryan's tax software and services capabilities — making Ryan the largest property tax software provider in North America and strengthening its integrated tax solutions portfolio.

CeriFi, a Leeds Equity Partners–backed portfolio company, has acquired Solomon Exam Prep, a provider of securities licensing exam preparation and review materials. The acquisition — CeriFi's twelfth — expands CeriFi's securities licensing content and product suite; financial terms were not disclosed, and founders Karen and Jeremy Solomon will join CeriFi.

GO Car Wash has acquired Wash N' Go Depot, adding three operating sites in Medford, Oregon. The deal expands GO Car Wash's west coast footprint and brings the company's total locations to 115 across eight states, supporting its strategy of platform acquisitions plus aggressive greenfield development.

Ste. Michelle Wine Estates has acquired Oregon-based A to Z Wineworks, marking Ste. Michelle's first strategic acquisition under its private equity owner, Sycamore Partners. The deal expands Ste. Michelle's Oregon footprint — combining A to Z and REX HILL with existing Erath Winery — and positions the company as a leading producer of Oregon Pinot Noir; terms were not disclosed.

Atkore Inc. has acquired two Oregon-based companies: Cascade Poly Pipe & Conduit (Woodburn, OR) and Northwest Polymers (Molalla, OR). The acquisitions expand Atkore’s HDPE conduit manufacturing footprint in the Pacific Northwest, strengthen its supply chain through onshore plastics recycling, and support demand from 5G deployment and infrastructure-driven broadband projects.

The Riverside Company has acquired the backflow and gauge divisions of Heffernan Enterprises, Inc. dba Water Metrics Co West as an add-on to its fire and life safety platform, Performance Systems Integration (PSI). The acquisition expands PSI’s service footprint and capabilities in the greater Portland, Oregon area, strengthening the platform’s market position in the Pacific Northwest.

Prime Pensions, a Mill Point Capital portfolio company, completed a carve-out acquisition of Aldrich Retirement Solutions, an Oregon-based retirement plan design, administration and consulting firm. The deal expands Prime Pensions' geographic presence in the Western United States and adds retirement plan compliance, administration and actuarial capabilities to its platform.

NinjaCat, the digital marketing performance management platform, has acquired Shape.io, a pay-per-click (PPC) budget management software suite. The acquisition integrates Shape.io's budget monitoring and automation capabilities and teams into NinjaCat to accelerate delivery of an all-in-one marketing data and reporting platform.

Arthur J. Gallagher & Co., through its U.S. wholesale brokerage division Risk Placement Services (RPS), acquired Hillsboro, Oregon-based Evergreen Insurance Managers Inc., a wholesale insurance broker and managing general agency. The acquisition expands RPS's presence in the greater Portland market and provides new growth opportunities across the Pacific Northwest; terms were not disclosed.

Propio Language Services, a technology-enabled interpreting and translation provider based in Overland Park, Kansas, has acquired Telelanguage, a Portland-based remote interpreting and translation company. The deal expands Propio’s scale and West Coast presence and positions the combined business among the world’s largest remote interpreting providers, with an expanded language coverage and deeper healthcare market penetration.

Jensen Hughes has acquired Code Unlimited, a building code consulting and fire protection engineering firm headquartered in the Portland/Beaverton, Oregon area. The acquisition, completed July 27, 2022, expands Jensen Hughes' presence in the U.S. Pacific Northwest, adds hundreds of client accounts and several dozen experienced specialists, and is completed while Jensen Hughes is owned by private equity firm Gryphon Investors.

Exterro completed a strategic recapitalization valuing the Legal GRC software provider at more than $1 billion. The transaction was led by existing sponsor Leeds Equity Partners alongside a continuation vehicle co-led by Coller Capital and Glendower Capital with significant participation from Exterro management; proceeds will fund M&A, product development and geographic expansion of Exterro's Legal GRC portfolio.

Jagex, the Cambridge-based games developer and publisher, has acquired Pipeworks Studios, a US-based game development studio headquartered in Eugene, Oregon. The deal brings over 200 development staff and expanded production capabilities to Jagex, supporting geographic expansion into North America and diversification of its games-as-a-service expertise.

Arcaea, a biology-first beauty ingredients company, has acquired Gadusol Laboratories, an Oregon State University spinout developing natural UV-protective compounds via synthetic biology. The acquisition will accelerate commercialization of Gadusol's sustainably produced sunscreen ingredients and expand Arcaea's ingredient and formulation capabilities for next-generation suncare and skincare products.

Powin LLC, a US-based designer and manufacturer of grid-scale energy storage systems, received a $135 million growth equity investment led by GIC with participation from Trilantic Energy Partners North America, Energy Impact Partners, and Samsung Ventures. The capital will be used to scale Powin's global manufacturing, further develop its product suite and software, and support supply-chain and international growth.

TE Connectivity has acquired Linx Technologies, an antenna design and RF components manufacturer, from Argosy Private Equity. The acquisition expands TE’s antenna and RF product offerings and strengthens its go-to-market capabilities in IoT, commercial, government and industrial end markets.

Compass Precision, a Charlotte-based platform backed by Main Street Capital Holdings, has acquired Strom Manufacturing, a precision metal components manufacturer based in North Plains, Oregon. The transaction is an add-on to the Compass platform; founder Bill Strom and the existing management team will remain in place as Compass integrates Strom into its network of precision machine shops.

Denver-based private equity firm Rallyday Partners has merged with Portland-based private equity firm The Parkpoint Company, retaining the Rallyday name and relocating Parkpoint employees to Denver. The combination expands Rallyday’s team and operational capabilities following its recent fundraise, aiming to better serve founder-led, lower-middle market companies.

JDH Capital Company has acquired Pure Archery Group, a manufacturer of premium archery products headquartered in Eugene, Oregon; the transaction closed on July 1, 2022 and financial terms were not disclosed. Norwest Equity Partners exited its investment in Pure Archery as part of the sale; Pure Archery's brands include Bowtech, Diamond, Excalibur, Black Gold, TightSpot, RipCord and Octane.

Chocolate Works (Freeport, New York) acquired substantially all assets of Moonstruck Chocolate LLC (Portland, Oregon) for an undisclosed amount, closing in June 2022. The purchase gives Chocolate Works a West Coast presence and expands its branded and private-label chocolate manufacturing capabilities while preserving service for existing Moonstruck customers.

The Planet Group, a portfolio company of Odyssey Investment Partners, has agreed to acquire Future State Consulting, a Portland-area digital mobility and technology talent consultancy. The acquisition expands Planet's technology consulting capabilities and will integrate Future State with Planet's existing technology platforms including Strive Consulting and Launch Consulting Group.

Sortis Holdings, Inc. acquired WLCR, a full-service digital creative agency, to strengthen digital and eCommerce capabilities across its portfolio of consumer brands. WLCR — founded in 2009 and based in Portland — will lead digital strategy and execution for Sortis’ portfolio companies and selected external partners to drive D2C growth and improve first-party analytics.

West Monroe has acquired Portland-based change management consultancy 71 & Change, expanding the firm's organizational change management capabilities and nearly doubling its OCM team nationally. The acquisition adds change management methodologies and digital tools, strengthens West Monroe's West Coast presence, and brings additional leadership and talent to support growing client demand for transformation services.

Provenance Hotels sold its minority interest in the 151-room Woodlark Hotel to majority owner NBP Capital, which also acquired the hotel's management rights. Terms were not disclosed; NBP will assume operational control while Provenance will continue to partner with NBP on two other Seattle projects.

Crispy Filled Inc. (formerly Rösti LLC) received an infusion of growth capital while Rösti’s management and an unnamed investor group bought out business partner L2M Brands for an undisclosed sum. The company reorganized under the Crispy Filled Inc. name and appointed Stephen Caldwell as CEO to accelerate product innovation and expand retail and foodservice distribution.

Sinclair & Rush, Inc. completed the acquisition of Indepak Corporation, a Portland-based thermoform manufacturer, on May 17, 2022. The deal expands Sinclair & Rush's thermoforming capacity and adds a West Coast manufacturing footprint while broadening product offerings for medical, food and industrial packaging customers.

Meriplex, a Houston-based managed cybersecurity and IT solutions provider, acquired Oregon-based managed service provider LightPoint in an asset acquisition. The deal expands Meriplex's physical presence in the Pacific Northwest and strengthens its healthcare-focused managed IT and security capabilities.

Ardian and MidOcean Partners, together with their portfolio company Florida Food Products (FFP), have acquired T-Bev Natural Ingredients. The add-on expands FFP’s beverage and nutraceutical ingredient capabilities by integrating T-Bev’s extraction technology into FFP’s product portfolio; Cascadia Capital acted as financial advisor to Ardian, MidOcean and FFP.

Entek Corporation, a Longview-area HVAC services company, acquired P&L Johnson, a heating and cooling contractor based in Astoria, Oregon. Founders Paul Radu and Dale Johnson sold the business late last year as part of a planned succession; P&L Johnson will retain its name and employees and operate with Entek's backing to expand resources and services.

US-based food-packaging provider Inno-Pak has acquired compostable packaging manufacturer Stalk Market for an undisclosed sum. The deal brings plant-based, BPI/DIN/OK Compost-certified containers, cups, cutlery and related products into Inno-Pak's portfolio to expand its sustainable packaging offerings across North, Central and South America.

SEI Group LLC, a portfolio company of Quad-C Management, has acquired Energy Conservation Insulation Company (ECI), a Bend, Oregon-based residential and light commercial insulation services provider. The transaction expands SEI's geographic footprint in Oregon as part of its ongoing roll-up strategy following a 2021 recapitalization with Quad-C.