Acquisitions in Pennsylvania

Docupace, an AI-enabled back-office and compliance software provider backed by Genstar Capital, has acquired InvestEdge, the maker of the ComplianceEdge regulatory compliance platform for bank trust departments, broker-dealers, and RIAs. The deal expands Docupace's compliance and surveillance capabilities, creates a unified data fabric to support AI-driven supervision across onboarding and monitoring workflows, and coincides with the appointment of Brian Filanowski as Docupace CEO.

Next Point LLC served as exclusive advisor to Endodontic Specialties of NEPA in connection with a completed practice transition; terms were not disclosed. Next Point guided the practice through evaluation of strategic alternatives, negotiation and closing, structuring the transaction to support continued clinical focus and the owner's long-term objectives.

The Heritage Group, a fourth-generation family-owned industrial conglomerate based in Indianapolis, has acquired FORTA, a Pennsylvania-based maker of synthetic fiber reinforcement for asphalt and concrete, from Riverarch Equity Partners. Financial terms were not disclosed; the acquisition bolsters The Heritage Group's construction and materials portfolio and expands its capabilities in high-performance reinforcement solutions.

Arthur J. Gallagher & Co. has acquired B&W Insurance Agency, Inc., a Washington, Pennsylvania-based personal and commercial insurance brokerage. Terms were not disclosed; the B&W team, including Paul Barzd III and Jim Cote, will remain in Washington and report into Gallagher Select as part of Gallagher's strategy to expand its retail brokerage footprint in southwest Pennsylvania.

OceanSound Partners, a New York-based private equity firm, has acquired Automated Financial Systems (AFS), a provider of commercial loan servicing and loan lifecycle management software. The deal will support accelerated product innovation, increased investment in sales and customer support, and AFS appointed Edward Jenkins as CEO to lead the company’s growth and modernization efforts.

Reddy Ice, LLC (a portfolio company of SCI Capital Partners) has closed the acquisition of Arctic Glacier, LLC from The Carlyle Group. Terms were not disclosed; Reddy Ice will divest four facilities and associated customer contracts to address DOJ antitrust review as it integrates Arctic Glacier into its North American packaged-ice platform.

Tencarva Machinery Company, a value-added distributor backed by Bessemer Investors, has acquired Hoffman-Kane Distributors, a Pittsburgh-based provider of industrial fluid handling and sealing solutions. The acquisition expands Tencarva's footprint across the Ohio Valley and Mid-Atlantic, secures exclusive OEM territorial rights, and brings additional technical capability and aftermarket services into Tencarva's platform.

PRIME AE Group, a Platform Holdings–managed architecture and engineering platform, has acquired Klavon Design Associates, Inc., a Pittsburgh-based landscape architecture and planning firm founded in 1996. The add-on expands PRIME AE’s capabilities in landscape architecture, planning, sustainability and federal work, particularly strengthening its experience serving the Department of Defense and other government clients.

Dallas-based private equity firm Trive Capital has made an investment in PavCon, a provider of predictive analytics and decision‑support software serving U.S. defense customers. The partnership will fund PavCon’s growth—investing behind its talent, technology and scalable operating model—to accelerate delivery of AI-driven predictive solutions; financial terms were not disclosed.

MPS Limited, through its wholly owned subsidiary MPS North America LLC, has acquired Unbound Medicine, an AI-driven clinical decision-support and healthcare education platform. The acquisition combines Unbound’s subscription-based institutional platform with MPS’s global platform engineering and learning solutions to expand MPS’s healthcare knowledge management capabilities and global reach.

CQL Capital led a strategic growth investment in Erie Strayer, a fourth-generation, family-owned manufacturer of concrete batch plants headquartered in Erie, Pennsylvania. The transaction includes co-investors Star Mountain Capital, UMB Private Investments, Tecum Capital, Brookside Capital Partners, and Everside Capital Partners and is intended to support product innovation, employee development, and expanded aftermarket service capabilities while preserving family leadership.

Manufacturing Corporation of America (MCA) has acquired TRUKD, a U.S.-based truck bed rack manufacturer. TRUKD will operate within MCA's Metal One Fabrication facility to enable vertically integrated manufacturing, accelerate product development, improve supply-chain resilience, and scale production in support of Made-in-America growth.

AEA Investors' Small Business Private Equity team has made a majority investment in Magna5, a Canonsburg, Pennsylvania–based managed IT and cybersecurity services provider, with significant reinvestment from Magna5's management team. The partnership will support scaling Magna5's national platform and expanding its cybersecurity, compliance, and AI-enabled capabilities; CEO Bob Farina and the current leadership team will remain in place.

Merit Financial Advisors, an Atlanta-based wealth management firm, has acquired GlennCo, LLC, a Newtown, Pennsylvania-based wealth management practice overseeing approximately $208 million in assets; the transaction was finalized on February 6, 2026. The acquisition expands Merit’s footprint in Bucks County and establishes its seventh office in Pennsylvania; Glenn Cohen and his advisory team join Merit. Financial and legal terms were not disclosed.

Care Advantage, Inc. has completed the acquisition of Neighborly Home Care's Wilmington and Georgetown, Delaware locations, while Neighborly will retain its Ardmore, Pennsylvania office. The deal, supported by Care Advantage's equity sponsor Searchlight Capital, expands Care Advantage's in‑home care footprint across the Mid‑Atlantic; financial terms were not disclosed.

Aegis Software has completed its acquisition of Simio, combining Aegis’ manufacturing execution and operations software with Simio’s digital twin simulation and advanced planning and scheduling capabilities to create an integrated manufacturing operations platform. The deal, backed by Peak Rock Capital (Aegis' sponsor), expands Aegis’ product breadth and positions the combined company to serve global manufacturers with end-to-end execution, planning, and simulation tools; Simio’s founder will remain a shareholder.

Pye-Barker Fire & Safety has acquired Knight Security Systems, a Harrisburg, Pennsylvania-based provider of security and fire alarm installation and 24/7 monitoring services. The acquisition expands Pye-Barker's presence in Central Pennsylvania and brings Knight's local teams and Knight Watch monitoring capabilities into Pye-Barker's national life-safety and security platform.

AutoManager, a Beekman Group–backed dealer software provider, has acquired Macrosmith, a State College, Pennsylvania–based document management software company for automotive retailers. The acquisition adds document digitization, storage, and compliance capabilities to AutoManager's dealer management platform; terms were not disclosed.

Natus Sensory has acquired Keriton, a U.S.-based provider of cloud-based neonatal and pediatric feeding management software. The acquisition integrates Keriton's feeding safety and workflow platform into Natus Sensory's newborn care portfolio to expand connected care capabilities and accelerate adoption across hospitals and NICUs worldwide.

Bluespring Wealth Partners has partnered with Pittsburgh-based Coghill Investment Strategies, bringing the advisory firm and its approximately $600 million in AUM into Bluespring's network of partner firms. The move supports succession planning and platform expansion by integrating Coghill's experienced advisory team into Bluespring's community and operational resources.

Argano has acquired Pharosity Consulting, a life‑sciences-focused consulting firm specializing in gross‑to‑net, government pricing, commercial contracting, and advanced analytics. The deal, announced January 27 and closed in December 2025, expands Argano's life sciences capabilities and deepens its finance, revenue, and analytics offerings for pharmaceutical and biotech clients.

BlueRidge Life Sciences, a Renovus Capital Partners portfolio company, has acquired Design Science, a human factors and usability engineering consultancy serving medical device, pharmaceutical, and biotechnology clients. The deal expands BlueRidge's human factors, usability testing, and use-related risk analysis capabilities and will let Design Science continue operating under its existing brand with current leadership.

KKR has completed an additional investment in Sylvan, a global mushroom spawn and fungal biotechnology company, with participation from TPG NewQuest, Ping'An Capital, China Post Insurance, Schroders Capital, Tsao Pao Chee and a follow-on from Novo Holdings. The funding will support Sylvan’s expansion—increasing production capacity, strengthening R&D, developing new product categories and deeper growth across Asian markets—while KKR remains the company’s majority investor.

Southfield Capital has made a strategic growth investment in The Perfect Franchise (TPF), a franchise advisory and consulting firm, to support the company's expansion and enhance its advisory platform. TPF will remain under current leadership with founder and CEO Mark Schnurman continuing to run day-to-day operations while Southfield provides capital, operational support, and strategic resources.

Brentwood-headquartered accounting and business consulting firm LBMC has acquired Torrillo & Associates, a Glen Mills, Pennsylvania-based specialist in employee benefit plan audits. Torrillo will operate as LBMC Philadelphia, expanding LBMC's northeastern footprint and strengthening its employee benefit plan audit capabilities; financial terms were not disclosed.

Puratos has acquired Vör Foods, a U.S.-based maker of ultra-clean-label nut butters and nut-based fillings, adding a dedicated SQF-certified nut facility in Trevose, Pennsylvania to its U.S. manufacturing footprint. The acquisition expands Puratos' nut ingredient capabilities to better serve bakery, confectionery and adjacent sweet-goods customers and enables closer technical collaboration and investment to scale Vör's capacity and R&D.

Propark Mobility has acquired Pittsburgh Valet, a regional valet-service provider, expanding Propark’s operations in Western Pennsylvania. The deal brings Pittsburgh Valet’s more than 20 years of hospitality- and event-focused parking experience into Propark’s national parking and mobility platform, providing additional technology and operational resources while preserving local service roots.

Goliath, the family-owned global games and toy manufacturer, has acquired Crazy Aaron's, maker of Thinking Putty and related sensory play products. Crazy Aaron's will operate as a distinct division headquartered in Pennsylvania as Goliath looks to scale the brand globally and collaborate on R&D, innovation, and international distribution.

O'Hara's Son Roofing (an Angeles Equity Partners portfolio company) acquired CP Rankin, a Chalfont, Pennsylvania-based commercial roofing services provider. The add-on expands OSR's presence across the Eastern U.S., complementing its service offering with CP Rankin's seven-location footprint and customer relationships.

Control Devices, a portfolio company of HBM Holdings, has acquired Sherwood Valve to expand its compressed gas flow control portfolio and enhance engineering and manufacturing capabilities. The deal adds Sherwood's product lineup and brand (operations in Cleveland, Ohio and the Pittsburgh area) and brings about 75 employees to Control Devices; financial terms were not disclosed.

Integrity Marketing Group (Integrity) has acquired AIMCOR Group, a national insurance distribution organization based in Malvern, Pennsylvania. AIMCOR’s leadership and owners will remain with the business and become owners in Integrity as the companies integrate AIMCOR’s BGA-focused distribution, services and technology into Integrity’s life, health and wealth platform.

Pathful, the Raleigh-based career readiness and development company, has acquired Jobready360 to integrate its College and Career Readiness (CCR), Work-Based Learning (WBL), and Career and Technical Education (CTE) capabilities into Pathful's platform. The acquisition expands Pathful's product capabilities and customer base—adding hundreds of school district customers and the Jobready360 team to deliver a more comprehensive K-12 career readiness solution. Terms were not disclosed.

The Baldwin Group (NASDAQ: BWIN) has completed its acquisition of Capstone Group, a Philadelphia‑area multi-line independent insurance brokerage. The deal expands Baldwin's regional footprint in the Philadelphia market and gives Capstone access to Baldwin's broader resources and scalable infrastructure while preserving Capstone's high‑touch service model.

Thompson Safety, a Houston-based provider of fire protection and workplace safety services, has acquired Pennsylvania-based Metropolitan Fire Protection to expand its fire sprinkler and standpipe capabilities in the Philadelphia market. The deal strengthens Thompson's ability to serve commercial and industrial multi-site customers in Pennsylvania and creates cross-sell opportunities across its safety and first-aid service lines.

Frontline Road Safety, a Bain Capital portfolio company, has acquired Surface Preparation Technologies (SPT) from Dominus Capital. SPT, headquartered in New Kingstown, Pennsylvania, provides rumble strips and roadway safety services across the U.S.; the deal is an add-on to Frontline's road-safety platform and terms were not disclosed.

Wolf & Company, P.C. has acquired The Kafafian Group, Inc., a Pennsylvania-based bank consulting firm, bringing the two firms together under the Wolf & Company brand to expand advisory capabilities for banks and credit unions. The combination is intended to create a more comprehensive financial-institution advisory platform covering strategy, performance measurement, regulatory assistance and related services.

Technip Energies has completed the acquisition of Ecovyst’s Advanced Materials & Catalysts (AM&C) segment in a transaction reported around $556 million, bringing approximately 330 AM&C employees into Technip. Ecovyst expects net proceeds of about $530 million (using $465 million to pay down term debt), while Technip said the deal expands its catalysts and advanced materials capabilities to support sustainable fuels, circular chemistry and carbon-capture applications.

Spatial Business Systems, a portfolio company of Peak Rock Capital, has acquired GeoSpatial Innovations, Inc. (GSI), a provider of distribution design and vegetation management software for the power and utility industry. The add-on acquisition, which closed January 2, 2026, expands SBS’s intelligent design platform with GSI’s cloud-based Distribution Design Studio (DDS) and mobile Forester field offerings to better serve utilities and infrastructure customers across North America and Europe.

Hilb Group, a Richmond-based property & casualty and employee benefits brokerage (and portfolio company of The Carlyle Group), acquired an unnamed Pennsylvania-based property and casualty agency effective January 1, 2026. The acquisition expands Hilb Group’s presence and product offering across the Mid-Atlantic region as part of its ongoing acquisitive growth strategy.

Infinity Natural Resources (NYSE: INR) acquired Chase Oil Corporation's working interest in the South Bend field in Pennsylvania in an all-stock transaction valued at approximately $36 million, effective January 1, 2026. The deal adds roughly 18 producing wells (~14 MMcf/d net) and strategic Marcellus/Utica acreage, providing immediate production uplift and near-term development opportunities.

Midwest Golf & Turf has acquired Golf Cars, Inc., a family-owned Club Car distributor based in Doylestown, Pennsylvania, effective January 1, 2026. The combined businesses — including Midwest subsidiary Vic Gerard Golf Cars — will operate as Mid-Atlantic Golf Cars LLC from existing locations in Doylestown, PA and Farmingdale, NJ to expand regional sales and service capabilities.

CoreX, a ServiceNow Elite consulting platform backed by NewSpring, has acquired InSource's ServiceNow business unit, with the transaction closing in late December 2025. The deal brings InSource's 1,500+ ServiceNow implementations and strong CSAT to CoreX, more than doubling CoreX's U.S. headcount and expanding delivery capacity and capabilities across North America and Latin America.

Hive Holdings Inc. acquired FLUENT Corporation’s Pennsylvania dispensary operations (three retail locations in Hanover, Mechanicsburg and Annville) for $12.5 million in cash in a transaction effective December 31, 2025. FLUENT said the divestiture was intended to strengthen its balance sheet, reduce leverage and sharpen strategic focus after federal rescheduling of marijuana; Hive will operate the acquired Pennsylvania retail locations going forward.

Brentwood Associates partnered with Tenex Capital Management to complete an equity recapitalization of Perennial Services Group, a multi-brand home services platform headquartered in Pittsburgh, Pennsylvania. The recapitalization will keep Perennial's management as significant shareholders and is intended to support continued organic growth and execution of the company's add-on M&A strategy across lawncare, pest control, landscaping and arbor services.

Galco Industrial Electronics acquired Ad‑Tech CCI, Inc., a Harrisburg, Pennsylvania-based distributor of industrial controls, automation components, and identification products. The deal expands Galco’s presence in the Mid‑Atlantic and enhances product offerings, engineering support, and service capabilities for customers in the region.

Creative Planning has acquired Marshall Financial Group, a Doylestown, Pennsylvania-based registered investment advisor, adding more than $900 million in assets under management and 19 employees. The deal expands Creative Planning's Mid-Atlantic presence and gives Marshall Financial access to Creative Planning's nationwide planning, tax, trust, retirement, and family office capabilities.

Surmodics has completed a merger with Biocoat and formed a new division, Surmodics Services & Technologies (SST), to carry forward the portion of Biocoat's business remaining after divesting certain assets. SST, based in Horsham, Pennsylvania, will provide hydrophilic coating technologies, custom polymer formulations and full-service coating operations to medical device manufacturers worldwide.

AMSURG has acquired Advanced Center for Surgery, a 12,500 sq. ft. ambulatory surgery center in Altoona, Pennsylvania, marking AMSURG's first center in central Pennsylvania. The facility at 3280 Pleasant Valley Boulevard operates four operating rooms, is affiliated with 17 physicians across specialties including orthopedics, podiatry and ENT, and was the first ambulatory surgical center in the state to perform outpatient total joint replacements.

An affiliate of Angeles Equity Partners has sold Xanitos Inc. to an affiliate of Bessemer Investors. Financial terms were not disclosed; Xanitos is a provider of hospital environmental and support services serving over 100 hospitals across more than 25 states, and Angeles had doubled the company's revenue and frontline headcount during its ownership.

SupplyCo, the industrial-supply platform formed by Tecum Equity Alpha Management (TEAM) and The Armstrong Group, has acquired Precision Abrasives (Zelienople, PA) and D&S Tool & Supply (Mars, PA) as add-on acquisitions to expand its product line and technical capabilities. The transactions broaden SupplyCo's line card across abrasives, cutting tools and metal-removal products and bring two regional distributors into the platform.