Acquisitions in Oregon in 2024

Wealth Enhancement, a national independent wealth management firm with $102.1 billion in client assets, has acquired Northwest Investment Counselors, an independent RIA based in Lake Oswego, Oregon that manages about $673 million in client assets. The transaction, which closed December 31, 2024, expands Wealth Enhancement's presence in the Pacific Northwest and augments its advisory bench and service capabilities.

Puget Collision has acquired Bob Thomas Auto Body, Inc., a long-running CARSTAR franchise and Tesla-certified collision repair shop in northeast Portland. The deal — which expands Puget to 54 locations and adds its first Tesla-certified facility in Portland — was completed as owners Jeff and Karen Smith retire; Focus Advisors represented the sellers.

Performance Systems Integration (PSI), a portfolio company of The Riverside Company, has acquired Sanderson Fire Protection as an add-on to PSI’s fire and life safety platform. Sanderson, a family-owned fire protection provider headquartered in Portland, Oregon, offers fire extinguisher service and suppression system inspection, repair and installation across Oregon and Washington, and the deal expands PSI’s suppression capabilities and regional presence in the Pacific Northwest.

Merit Financial Advisors, a Georgia-based wealth management firm, has acquired Lake Oswego, Oregon–based Roth Asset Management, adding approximately $773 million of assets and expanding Merit's presence in the Pacific Northwest. Roth’s president, Steven B. Roth, will transition to a Wealth Manager role; financial terms were not disclosed and the deal closed December 13, 2024.

Moss, a global producer of branded-experience graphics and structures, has acquired Stretch Shapes, a Eugene, Oregon-based supplier of tension fabric products used in live events and experiential environments. The deal — executed by Moss (a portfolio company of EagleTree Capital) — strengthens Moss’s production capabilities and west-coast footprint while keeping the Stretch Shapes leadership and team in place.

Service Logic, the largest privately held HVAC and mechanical services company in North America, has acquired HVAC, Incorporated, a commercial HVAC solutions provider based in Milwaukie, Oregon. ACT Capital Advisors advised HVAC, Inc. on the transaction; the deal expands Service Logic’s West Coast footprint and adds HVAC, Inc.’s design, installation, maintenance and building-automation capabilities to its national network.

Rodda Paint Company, in partnership with the Cloverdale Group, acquired Miller Paint Company, an employee-owned paint manufacturer and retailer rooted in the Pacific Northwest since 1890. The deal combines two established regional paint businesses to preserve Miller Paint's legacy while expanding geographic reach and operational efficiencies across the Pacific Northwest.

Kingswood Capital Management has acquired Identity Theft Guard Solutions, Inc. (IDX), a Portland-based provider of data breach response and digital privacy protection services, from ZeroFox. Stellus Capital Management provided unitranche debt financing and an equity co-investment to support Kingswood's investment; IDX's existing management will remain in place as Kingswood pursues standalone growth and capability expansion.

H.I.G. Capital, through an affiliate, has completed the acquisition of Northwest Pump and Equipment Co., a distributor and service provider to fueling stations, EV charging infrastructure and other industrial customers across the Western United States. The company, founded in 1959, operates approximately 20 branch locations with ~350 employees and serves nearly 6,000 customers; H.I.G. intends to support organic and inorganic growth to expand product and service offerings and geographic density.

Performance Systems Integration (PSI), a Portland-based fire and life safety platform owned by The Riverside Company, acquired Action Technology Systems (ATS) as an add-on to expand PSI’s footprint in the Portland, Oregon market. The deal strengthens PSI’s service offering in fire alarm service, monitoring, installations and related security systems as part of Riverside’s continued roll-up strategy in the fire and life safety space.

Monotype Imaging Inc. has acquired Extensis, a provider of font management solutions, integrating Extensis’ Connect software and team into Monotype to create an all‑in‑one inventory and font software solution. The deal brings Extensis’ employees in the US, UK, and Germany into Monotype; Extensis’ CEO and CFO are stepping away as part of the transition. The acquisition aims to combine Monotype’s library of over 150,000 fonts with Extensis’ management capabilities to expand product offerings and customer value.

BRIDGE Housing acquired Bethany Meadows, a 340-unit income-restricted apartment community near Beaverton in the Portland metro area, to permanently preserve long-term affordability for households earning up to 60% of AMI. The purchase (reported at approximately $64.6 million) preserves affordability restrictions that were set to expire in a few years and is financed in part through BRIDGE's revolving credit facility backed by Morgan Stanley and National Equity Fund.

Golden Bear Therapy Partners, part of Therapy Partners Group, acquired Northwest Rehabilitation Associates (NWRA), a four-location outpatient physical therapy group in Salem, Oregon. NWRA owner Mike Studer transitioned to a staff therapist, advisory board member and partner with Golden Bear as the clinics join the Therapy Partners network to support regional expansion and clinical development.

Portland-based Mad Fish Digital has acquired Grady Britton, a long-running, values-driven creative and branding agency. The deal unites Mad Fish’s applied digital expertise (SEO, SEM, analytics) with Grady Britton’s brand and creative capabilities; TobinLeff acted as M&A advisor to Grady Britton.

Carpenter Media Group, a Mississippi-based owner of local media outlets, agreed to acquire EO Media Group, taking ownership of more than two dozen newspapers, magazines and newsletters. The purchase expands Carpenter’s growing portfolio of community news titles and follows its earlier acquisition of Pamplin Media Group.

Integrated Beverage Group (IBG) has acquired Firesteed Cellars, a Willamette Valley winery best known for Pinot Noir, expanding IBG’s Oregon wine portfolio that includes Duck Pond Cellars and Rascal Wines. Firesteed, founded in 1992 and recognized for its sustainable practices and high-scoring Pinot Noir, will join IBG as the company deepens its presence in the Willamette Valley.

Senior executives Zach Hyder and Gina Maffei completed a management buyout of public affairs firm Hubbell from founder Ward Hubbell, with advisory support from TobinLeff. Hubbell is a public affairs firm that helps developers and industry groups plan and build community assets across Oregon, Washington, California and Texas, focusing on renewable energy, digital infrastructure, housing, and industrial land use.

New Charter Technologies, a Denver-based platform backed by Oval Partners, has added Portland-based Netropole to its national IT services network. The add-on expands New Charter's Pacific Northwest footprint and brings Netropole's managed IT and cybersecurity capabilities into the platform while allowing Netropole to retain local leadership and client relationships.

Ridgeview Partners, in partnership with The Baupost Group, has made a strategic growth investment in PayRange, a provider of IoT software and payment solutions for unattended retail. Founder and CEO Paresh Patel will remain in leadership with a significant ownership stake; debt financing was provided by Bain Capital's Private Credit Group to support the transaction.

An affiliate of Balmoral Funds LLC has acquired DWFritz Automation, LLC from Sandvik AB. Balmoral will partner with industry veterans Michael Pacione, Paul Cihak, Tyler McCoy, and Jason Darley to operate DWF as an independent precision automation and metrology company and invest in technology, commercial expansion, and growth.

ROI CX Solutions, a Utah-based customer experience (CX) services provider, has completed the acquisition of Active TeleSource, a Milwaukie, Oregon contact-center specialist focused on the electric, gas and water utilities market. The deal expands ROI's capabilities and client footprint in the regulated utilities market and brings ATI’s LIHEAP and utility support programs into ROI’s service offering.

Easy Mile Fitness, a Boston-based multi-unit Planet Fitness franchisee, acquired nine Planet Fitness locations in Portland and Eugene, Oregon from the Lubrano Franchise Group (OKTA Holdings). The deal expands Easy Mile Fitness' footprint into the Pacific Northwest and increases its portfolio to 50 locations across multiple territories.

Bain Capital Life Sciences led a strategic growth investment of more than $200 million in Serán Bioscience, with existing investor Vivo Capital remaining a key shareholder. The capital will fund a new commercial-scale manufacturing campus in Bend, Oregon, expanding Serán's development, analytical and commercial manufacturing capabilities across multiple drug delivery modalities.

Proteus Discovery Group has acquired Novitas Data, adding Relativity server hosting, digital forensics, and document scanning services to its eDiscovery portfolio and expanding coast-to-coast coverage. The deal brings Novitas' subject-matter experts into Proteus and was advised on Novitas' side by Arbor Ridge Partners.

Vangst, a Denver-based cannabis hiring platform, has acquired GreenForce, an Oregon-based cannabis temporary staffing agency that also operates in Arizona. GreenForce founder Ryan Rosenfeld will join Vangst as Chief Business Officer as the acquisition expands Vangst's temporary staffing capabilities and regional footprint.

Netsmart has acquired HealthPivots, an Oregon-based market intelligence and Medicare-claims analytics provider for the post-acute care continuum. The acquisition will integrate HealthPivots’ DataLab into Netsmart’s CareFabric to strengthen analytics and data capabilities that help post-acute providers transition to value-based care.

Inszone Insurance Services, a Sacramento-based national insurance brokerage, has acquired Cascade Insurance Center in Bend, Oregon and welcomed Noble Insurance (represented by Galen Blyth) as part of the transaction. The deal expands Inszone's Pacific Northwest footprint and brings additional local commercial, personal and employee-benefits expertise into its national platform.

TwinStar Credit Union and Northwest Community Credit Union completed a merger to scale operations and expand member services across Washington and Oregon, creating a combined organization serving over 250,000 members with $4.3 billion in assets and 36 locations. Jack Henry will continue to provide core technology and support to the merged credit union to enable ongoing innovation and operational efficiency.

EPIC Insurance Brokers & Consultants has acquired Century Insurance Group, LLC, an Oregon-based insurance agency specializing in employee benefits and commercial and personal property & casualty solutions. The deal, finalized in early July with Dowling Hales advising Century, expands EPIC’s Pacific Northwest footprint and gives the Century team access to EPIC’s broader resources and technology-driven insurance capabilities.

Aldinger Company has acquired J&J Calibrations to expand its calibration and metrology service offerings and geographic footprint. The deal brings J&J's accredited mobile calibration labs and technical expertise into Aldinger's network, strengthening capabilities across aerospace, automotive, manufacturing and healthcare end markets.

Maritime Partners, LLC has acquired e1 Marine LLC, a developer of methanol-to-hydrogen generation technology for marine fuel-cell applications. The purchase lets Maritime Partners integrate e1 Marine's onboard hydrogen generation capability into its vessel solutions (including the M/V Hydrogen One project) to accelerate decarbonization and cleaner propulsion in the maritime sector.

NeuroFlow, a Philadelphia-based behavioral health technology provider, has acquired Owl, a measurement-based care company, to create an expanded end-to-end behavioral health measurement and engagement platform. The deal extends NeuroFlow's capabilities into outpatient behavioral health provider organizations and combines both firms' assessment, analytics and AI capabilities to support payers, providers and government customers across all 50 states.

Resource Innovations, a San Francisco–based tech-enabled services firm focused on energy efficiency and sustainability, has acquired Portland-based clean energy consulting firm Cadeo. The acquisition brings Cadeo’s market transformation, emerging technology and distributed energy expertise into Resource Innovations to expand capability and footprint across the U.S.

Big Red M, an association growth partner based in Falls Church, Virginia, has acquired LLM Publications, a Portland-based association and specialty publisher. The acquisition expands Big Red M's service offerings to include LLM's digital and print publishing, advertising, design, and distribution capabilities to better serve association clients.

Prairie Capital partnered with founder Dr. Zahra Kashi and senior management to recapitalize Kashi Clinical Laboratories, a Portland, Oregon-based accredited clinical laboratory specializing in HLA typing, post-transplant monitoring, genomic sequencing and diagnostic testing. Prairie will support accelerated growth through investments in human capital, sales & marketing, technology and infrastructure, as well as pursuing add-on acquisitions.

Schréder, the global smart outdoor lighting provider, has acquired Ligman Lighting USA, a Hillsboro-based supplier of decorative and urban lighting solutions. The acquisition strengthens Schréder's North American presence and combines Ligman USA's decorative urban lighting capabilities with Schréder's infrastructure lighting portfolio as Ligman Lighting USA's president Neil Gillies retires.

SupplyOne, a portfolio company of Wellspring Capital Management, has acquired Columbia Corrugated Box Co., Inc., a family-owned corrugated and protective packaging manufacturer operating in Oregon, Washington and Northern California. The transaction — advised on the sell-side by Footprint Capital — expands SupplyOne's West Coast production and distribution footprint and is the 41st add-on to the SupplyOne platform.

Azuria Water Solutions, a New Mountain Capital portfolio company, has acquired Oxbow Construction, a trenchless utility contractor based in Troutdale, Oregon. Oxbow will operate as part of Insituform (an Azuria operating company), expanding Azuria/Insituform’s trenchless rehabilitation capabilities and presence in the Pacific Northwest.

Radiant Logistics, Inc. acquired the operations of DVA Associates, Inc., a Portland, Oregon-based provider of domestic and international transportation and logistics services. The deal was structured with a portion of the purchase price payable based on future performance; DVA will continue under Danielle Van Auken and be combined with Radiant's existing Portland operations as Radiant expands its market density and network capabilities.

Fixle, Inc., a proptech and insurtech home management platform headquartered in Union, Kentucky, has acquired EasyHome, Inc., a Portland-based developer of home maintenance software. The all-equity deal brings EasyHome's product and team into Fixle to accelerate its innovation pipeline and expand capabilities for homeowners, real estate professionals, and home service providers.

The American Arbitration Association (AAA) and its international division, the International Centre for Dispute Resolution (ICDR), have acquired ODR.com Inc. and its parent company Resourceful Internet Solutions Inc. (which owns Mediate.com, Arbitrate.com and other sites). The acquisition will expand AAA's online dispute resolution (ODR) capabilities and enable development of a suite of AI-driven ODR products while ODR.com will operate as a separate for‑profit subsidiary under AAA.

Water Street Healthcare Partners has made a strategic growth investment in Hansen Hunter to provide capital and resources to expand the firm's business office and technology services for post-acute care and senior living organizations. The partnership will support expansion of Hansen Hunter's reimbursement, clinical consulting, compliance, reporting, accounting, auditing and tax management services and help extend its national footprint.

Bluewave Technology Group has acquired ForesTel, a telecommunications advisory firm based in West Linn, Oregon. The deal—financial terms undisclosed—gives Bluewave its first presence in the U.S. Pacific Northwest and expands its telecom and IT advisory capabilities to serve ForesTel's ~700 commercial clients.

Timberlab Holdings (Timberlab) has acquired the assets of American Laminators, a glulam (glue-laminated timber) manufacturer with facilities in Drain and Swisshome, Oregon. The deal expands Timberlab’s in-house capacity for engineered glulam columns and beams, providing greater price certainty, vertical integration and the ability to offer more competitive mass-timber packages across the U.S.

Tri-Tech Forensics, Inc. has acquired SAM Medical, a Portland-area developer and manufacturer of trauma care devices such as the SAM Splint and tourniquets. The deal expands Tri-Tech's emergency medical product portfolio and continues SAM Medical's product development under its existing leadership team and founders acting as brand ambassadors.

Rosemont announced a minority, permanent-capital investment in Northside Capital Management, an outsourced investment manager headquartered in Hood River, Oregon with over $5.2 billion in assets under management and advisement. The transaction is a recapitalization intended to support Northside's stability, independence and enhanced governance; terms were not disclosed.

Sanctuary Wealth has acquired tru Independence, a Portland-based firm that supports 30 RIA firms managing $12.5 billion in client assets. The combination expands Sanctuary's multi-model platform for independent wealth advisors and brings additional capabilities and affiliation options to elite financial advisors across the RIA channel.

CareerArc acquired Lumina, a SaaS platform that generates visual job postings at scale, to add automated video creation to its social recruiting offering. The deal aims to combine Lumina's video content capabilities with CareerArc's distribution network to boost employer branding, engagement, and applicant traffic.

Landing, the flexible apartment membership operator, acquired Barsala for $30 million to expand its Autopilot offering and add more than 1,000 units across 11 markets. The deal brings Barsala’s tech-enabled vacancy-conversion capabilities and leadership into Landing’s platform, with Barsala’s CEO joining Landing as President of the Barsala division.

Francisco Partners has entered into a definitive agreement to acquire Jama Software from shareholders including Insight Partners and Madrona Ventures for $1.2 billion. Jama CEO Marc Osofsky will reinvest and remain CEO as Francisco Partners partners with the company to accelerate expansion across enterprises, industries and geographies; the transaction is subject to customary closing conditions.