Acquisitions in Pennsylvania in 2017

Magna5, a NewSpring Holdings portfolio company, has acquired Pittsburgh-based managed services provider NetServe365 to expand Magna5's managed IT, security and cloud capabilities. The deal is an add-on to Magna5's platform and aims to strengthen security, monitoring and managed services offered to Magna5's predominantly SMB customer base.

Theraplay, Inc. has partnered with Pittsburgh-based Positive Steps Therapy, LLC to expand its pediatric occupational, physical and speech therapy services into western Pennsylvania. The announcement also references a partnership with Graycliff (an independent middle‑market investment firm) to support continued expansion of the Theraplay family of companies.

Accenture has acquired IBB Consulting, a Philadelphia-based strategy consulting firm focused on broadband, mobile, media and technology clients. Approximately 160 IBB Consulting professionals joined Accenture Strategy's Communications, Media & Technology practice to expand Accenture's strategy capabilities for CMT clients; financial terms were not disclosed.

Hall Industries has acquired Heyl & Patterson, a long-established provider of bulk material handling and thermal processing equipment. The acquisition expands Hall Industries' manufacturing and engineering capabilities in bulk solids handling, retrofit/parts services and thermal processing, and was advised on the buy-side by Grouse Ridge Capital (exclusive) and a 7 Mile banker (transaction completed while at another firm).

CGI completed an all-cash acquisition of Pittsburgh-based Summa Technologies, Inc., a high-end IT consultancy specializing in digital experience, agile software development, mobility and user experience design. The deal adds nearly 200 professionals to CGI's U.S. workforce and expands CGI's capabilities and presence in the Pittsburgh market while bringing Summa's commercial expertise across banking, retail, manufacturing and healthcare into CGI's U.S. operations.

Boyne Capital Partners partnered with AmeriBest Home Care management to acquire AmeriBest, a Medicare-certified home health and personal care provider based in Philadelphia, Pennsylvania. The transaction is a platform investment by Boyne's BCM Fund I to support growth as healthcare delivery continues shifting to the home setting.

Paskill Stapleton & Lord (PS&L) has entered a corporate partnership with JPL, a full-service integrated marketing agency based in Harrisburg, Pennsylvania; Clare Advisors served as exclusive financial advisor to JPL. The transaction, which closed June 30, 2017, retains PS&L's existing offices and staff while adding JPL's ~100-person creative, web development and media production capabilities to expand PS&L's higher education and Mid-Atlantic market presence. As part of the deal, partner John Stapleton will retire.

Aptean, a global provider of industry-specific enterprise software, acquired Apprise, a Bethlehem, Pennsylvania-based provider of ERP and supply chain management solutions for importers and distributors of consumer goods. The acquisition expands Aptean’s ERP and SCM capabilities (cloud and on‑premise) and aims to accelerate growth by leveraging Aptean’s global scale and go-to-market resources.

Applied Research Associates, Inc. (ARA) has acquired Neya Systems LLC, a developer of unmanned ground systems autonomy and perception technologies. The acquisition combines Neya's expertise in autonomy and computer vision with ARA's experience in robotics hardware and systems to expand ARA's unmanned and robotic systems capabilities for defense, homeland security, and commercial markets; terms were not disclosed.

RSG Underwriting Managers (part of Ryan Specialty Group) completed the acquisition of the assets and operations of Interstate Insurance Management, Inc., a Johnstown, Pennsylvania-based transportation-focused managing general agent. Jack Buchan will continue to lead the business as a new RSGUM series; terms were not disclosed.

Curtiss-Wright Corporation has completed the acquisition of Teletronics Technology Corporation (TTC) for $233 million in cash. TTC, a Newtown, Pennsylvania–based designer and manufacturer of data acquisition and flight test instrumentation systems (approximately 225 employees), will operate within Curtiss-Wright's Defense segment to broaden its data acquisition product portfolio and expand geographic reach.

Argosy Private Equity and MTN Capital acquired a controlling stake in Rita's Franchise Company, the world's largest Italian Ice concept, from Falconhead Capital. Rita's, headquartered in Trevose, Pennsylvania, operates over 600 franchise locations across 30+ states and several countries; the investors said they will work with management to continue systemwide growth and geographic expansion.