Acquisitions in Pennsylvania in 2022

Hilb Group has acquired West Chester, Pennsylvania-based Oak Ridge Surety Agency, effective December 30, 2022. The small surety-focused agency will join Hilb’s Mid-Atlantic operations and integrate with Wayne, Pennsylvania-based Wharton Surety Consultants to expand Hilb’s surety capabilities and regional presence.

Carnegie Investment Counsel has acquired RiverStone Wealth Management, an independent wealth advisory firm headquartered in Wexford, Pennsylvania. RiverStone, founded in 2008 with about $230 million in assets under management, will join Carnegie to expand Carnegie’s client footprint and AUM.

Stewart Information Services Corporation announced the acquisition of BCHH, a provider of title and closing services focused on individual and institutional investors, lenders, and bulk real estate transactions. The deal expands Stewart's lender services and bulk-transaction capabilities to better serve investor and lender customers across multiple states.

LUV Car Wash has acquired The Autowash Group, a family-owned operator of eight car wash locations in the greater Philadelphia area, marking LUV’s entry into Eastern Pennsylvania and New Jersey. The acquisition supports LUV’s plan to grow to 20–25 locations in the region over the next 18–24 months as part of its nationwide expansion.

Wittenbach, a portfolio company of Argosy Private Equity, has acquired The Gilbertson Group (TGG), a family-owned security systems integrator. The add-on strengthens Wittenbach’s density in the Mid-Atlantic (PA/DE/MD), expands cross-selling opportunities into government and commercial markets, and integrates TGG into Argosy’s operational playbook.

Electrical Components International (ECI), a Cerberus-backed global supplier of electrical distribution systems and assemblies, has acquired Britech, Inc., a specialty manufacturer of wire harnesses, cable assemblies and control panels based in Allentown, Pennsylvania. The acquisition expands ECI's capabilities and presence in the high-growth global semiconductor market and will keep Britech operating under its current management at its 50,000 sq. ft. Allentown facility.

Vision Innovation Partners (VIP), a Mid-Atlantic ophthalmology platform backed by Gryphon Investors, has partnered with Chesen Laser Eye Center in Reading, Pennsylvania as VIP's 24th add-on since 2017. Founding physicians Dr. Neil Chesen and Dr. Dianna Cho will remain with the practice, which offers LASIK, cataract and routine eye care, strengthening VIP's regional network of ophthalmology practices and surgery centers.

Multi-Color Corporation (MCC) acquired LUX Global Label, a manufacturer of pressure-sensitive labels, shrink sleeves and security labels headquartered in Lafayette Hill, Pennsylvania. The acquisition, which closed December 9, 2022, adds LUX’s ~200 employees and production sites in Pennsylvania and Puerto Rico to MCC’s Home and Personal Care business to deepen capabilities in personal care and pharmaceutical end-markets.

Green Rock Energy Partners LLC, a sustainable infrastructure–focused private equity firm, acquired PSA South Hills Landfill Gas Venture LLC (South Hills), a renewable natural gas production facility in South Park Township, Pennsylvania, with the transaction closing in Q4 2022. The facility upgrades landfill biogas into RNG for the vehicular transportation market and is expected to produce over one million gallons of renewable fuel per year; Venture Engineering & Construction will provide technical advisory and post-close O&M services.

Chicago-based Milton Industries, in partnership with financial sponsor Levine Leichtman Capital Partners (LLCP), has acquired ProMAXX Tool, a designer and manufacturer of on-the-vehicle exhaust manifold repair kits and specialty hand tools. The acquisition expands Milton's product offering and market channels in the automotive and heavy-duty truck aftermarket; ProMAXX's founder Jeff Del Rossa will lead Milton's Specialty Tool Group.

BW Health Group has acquired PulseCX, a full-service healthcare marketing communications agency. PulseCX will be integrated into BW Health Group's Benchworks agency to expand capabilities—particularly data analytics—and increase scale within the healthcare marketing market.

Installed Building Products, Inc. (NYSE: IBP) has acquired Orr Industries, LLC, a regional insulation and fireproofing contractor with locations near Scranton, Pennsylvania. Orr generates approximately $10 million of annual revenue and the acquisition expands IBP's presence in Pennsylvania and adds spray foam, fiberglass insulation, fireproofing and waterproofing capabilities.

Glenview, Illinois-based Envoy Solutions has acquired Scranton, Pennsylvania-based Pennsylvania Paper & Supply Company (Penn Paper), a 100-year-old distributor of janitorial supplies, facilities products and industrial packaging. The deal expands Envoy Solutions’ regional footprint across Pennsylvania, New York and New Jersey and brings Penn Paper into Envoy’s national platform while preserving service for existing clients and employees.

Pittsburgh-based private equity firm Continuim Equity Partners has acquired Cutting Edge Machining Solutions (CEMS), a Swiss-style CNC precision machine shop headquartered in Clearfield, Pennsylvania, from Michael Walsh. Continuim plans to use CEMS as the first investment in a new automation-enabled precision machining platform to drive operational improvements and pursue add-on acquisitions across aerospace, defense, electronics and other industrial end markets.

MiddleGround Capital, via its Lindsay Precast platform, completed an add-on acquisition of Dutchland, Inc., a Gap, Pennsylvania-based manufacturer and installer of precast concrete tanks and structures for water and wastewater facilities. The deal expands Lindsay Precast's product offerings and geographic footprint across water/wastewater and related municipal and utility end markets; Dutchland was represented by BDO Capital Advisors.

Simplicity Group has acquired Triton Brokerage Group, a national distributor of annuity, life, long-term care, and disability insurance. Triton founders Bob Ogurcak and Matt Woodson join Simplicity as partners; the business becomes the 47th company in Simplicity's partnership to expand its distribution, point-of-sale and wealth channel capabilities.

EP Wealth Advisors, a PE-backed independent registered investment adviser, has acquired Warren Financial Services & Associates, a Philadelphia-area wealth advisory firm. The deal closed Nov. 29, 2022, adds roughly $274 million in AUM and brings the Warren team (founder Randall Warren plus four advisors and four support staff) into EP Wealth's platform as part of its continued geographic expansion on the East Coast.

Ark Technology Companies has acquired VerisVisalign, a Blue Bell, Pennsylvania-based Microsoft partner specializing in cloud transformation, managed services, and project delivery. The deal expands Ark's Microsoft cloud capabilities and geographic presence in the mid-Atlantic, and was facilitated by ITX; terms were not disclosed.

Mainsail Partners, a growth equity firm, made a growth equity investment in Instinct Science, a veterinary practice management SaaS platform. The capital will be used to accelerate product development and expand services and support for veterinary hospitals; financial terms were not disclosed and the investment closed in the first half of 2022.

Securly, a Golden Gate Capital-backed K-12 student safety and wellness platform, has acquired Eduspire Solutions, a provider of e-hallpass and flex period management software for K-12 schools. The deal adds on-campus student movement and scheduling capabilities to Securly's whole-student success platform to better support student safety and wellness across districts.

Odyssey Investment Partners, a growth-oriented middle-market private equity firm, has acquired Magna Legal Services, a Philadelphia-headquartered litigation support provider, from CIVC Partners. Magna — which serves law firms, corporations, insurance carriers and government agencies across all 50 U.S. states — will continue to be led by its existing management team, who have invested alongside Odyssey.

TeamSnap, the youth sports management software platform, acquired LeagueSide, a community sports sponsorship platform, to integrate on-field and digital sponsorship capabilities into its Clubs & Leagues offering. The acquisition expands TeamSnap’s ability to connect brands with youth sports communities and broadens sponsorship monetization for the platform’s network of organizations and families.

Intention.ly, a Philadelphia-based growth engine design consultancy for fintech and financial services, has acquired C-Suite Social Media, a digital marketing and social media agency serving the financial services sector. Tina Powell, founder of C-Suite Social Media, joins Intention.ly as partner and Chief Growth Officer; terms were not disclosed.

Edgewater-backed P1 Service Group has acquired McHales, a nearly 70-year-old home services company based in Levittown, Pennsylvania. The deal brings McHales' plumbing, HVAC, electrical and remodeling capabilities into P1's platform to expand its presence in the greater Philadelphia region; owner Tim McHale will remain as day-to-day leader and a shareholder.

Good Leadership Enterprises, a Minneapolis-based leadership development firm, has acquired Interaction Dynamics Group (IDG), a Pennsylvania-based leadership consultancy. IDG founder Kevin Sensenig joins Good Leadership as the firm's first-ever president to lead marketing, new client acquisition and leadership development delivery.

Cedarline Outdoor, a Halmos Capital Partners portfolio company, has acquired the Jonestown / Hershey NE KOA Campground in Jonestown, Pennsylvania. The park — which includes 86 RV sites, 3 cabins, 12 tent sites and on-site amenities — is Cedarline's third acquisition in the Northeast and serves as an add-on to expand the platform's outdoor hospitality footprint.

NFP has acquired Philadelphia-based Juno Search Partners, a search and staffing firm that specializes in contingent search, contractor placement, executive search and custom talent solutions. The acquisition expands NFP's human capital consulting and talent solutions capabilities and strengthens its presence in the Philadelphia market.

Fabian Couture Group, backed by Riveria Investment Group and Valesco Industries, has acquired the assets of Executive Apparel Group, Inc., expanding Fabian's Uniform and Career Apparel segment. The deal brings together complementary product lines and is intended to expand production capabilities and cross-selling opportunities across hospitality, foodservice, school uniforms, casinos and corporate customers.

P1 Service Group, a Chicago-based home services platform backed by Edgewater Growth Capital Partners and River Sea Network, has acquired Essig Plumbing & Heating, a residential HVAC and plumbing provider based in Reading, Pennsylvania. The deal expands P1's footprint into the Mid-Atlantic region while Essig's president, Steve Essig, will continue to lead day-to-day operations and remain a shareholder.

Sentinel Capital Partners has acquired L2 Brands, a designer, manufacturer and marketer of custom apparel and headwear serving the collegiate, destination/leisure and corporate markets. The purchase expands Sentinel’s branded consumer products platform and supports growth of L2’s integrated design-to-shipment manufacturing capabilities, which include facilities in Hanover, Pennsylvania and San Salvador, El Salvador. Financial terms were not disclosed.

U.S. Legal Support Inc. has completed the acquisition of Summit Court Reporting, a certified woman-owned court reporting and videography firm headquartered in Philadelphia, Pennsylvania. The deal expands U.S. Legal Support's court reporting coverage and capabilities across the northeastern United States and integrates Summit's local services into U.S. Legal Support's nationwide litigation support platform.

Guardian Booth, a prefabricated-structures manufacturer, has fully acquired Homes by Keystone and will operate from the former Homes by Keystone facility at 13338 Midvale Road in Waynesboro, Pennsylvania. The acquisition expands Guardian Booth's manufacturing footprint and production capacity, brings former Homes by Keystone employees into the team, and relocates Guardian Booth's operations to Waynesboro.

Union Bay Acquisition LLC, an aggregator of property-casualty insurance agencies, has acquired LaBrozzi Insurance Group, Inc., a Bradford, Pennsylvania-based independent insurance agency. The transaction expands Union Bay's Northeast footprint and adds local P&C insurance expertise to its Union Bay Risk Advisors portfolio; terms were not disclosed.

US Acute Care Solutions (USACS) has acquired MIDEO (My Informed Decision on VidEO), a patented video-based advance care planning platform founded by Dr. Ferdinando Mirarchi. USACS said it will incorporate MIDEO into its offerings to enhance patient safety and provide the platform at no cost to its >6,000 employees while expanding visibility and technical capabilities across its network.

365 Data Centers has agreed to acquire Sungard Availability Services' U.S. colocation and network business, adding eight primarily high-density data centers across key edge markets and roughly 400 customers. The asset purchase expands 365's footprint to 20 network-centric facilities and was funded by 365's existing equity owners (including Stonecourt Capital and Lumerity Capital) and its lending syndicate.

Specialty Networks, a portfolio company of Linden Capital Partners, has acquired Gastrologix, a gastroenterology-focused group purchasing organization (GPO) with more than 470 practice locations and roughly 2,300 providers in its network. The acquisition will integrate Gastrologix into Specialty Networks' real-world data, technology, and tech-enabled services to deliver clinical and economic value to independent GI practices and industry partners.

Glenview, Illinois-based Envoy Solutions has acquired Bristol, Pennsylvania-based United Packaging, a distributor of packaging, shipping, safety, and janitorial supplies. The deal strengthens Envoy's packaging capabilities and expands its geographic footprint in the Northeastern United States.

Qnnect, a portfolio company of Arcline Investment Management, has acquired Hermetic Solutions Group (HSG) from Windjammer Capital Investors. The add-on expands Qnnect’s product portfolio into hermetic packages and brings seven HSG brands and capabilities that serve aerospace, defense, medical and optical networking markets, strengthening Qnnect’s position in high-reliability interconnect solutions.

11:11 Systems has completed the acquisitions of Sungard Availability Services’ Recovery Services business and Cloud and Managed Services (CMS) business, integrating the brands into 11:11’s suite of cloud, connectivity and security solutions. The deal — executed with backing from Tiger Infrastructure Partners — expands 11:11’s capabilities and customer footprint, positioning the company as a market leader in managed infrastructure and resilience services.

GTCR has made a strategic, majority recapitalization investment in Biocoat Holdings, LLC, a Horsham, Pennsylvania-based provider of biocompatible hydrophilic coatings and dip-coating equipment for medical devices. Existing investor 1315 Capital and Biocoat management retain minority stakes; GTCR will partner with CEO Jim Moran and add industry veteran Chip Hance as Executive Chairman to support growth, capability expansion and follow-on acquisitions.

Mobility Ideal Health Care, a multi-location mobility solutions provider headquartered in Edison, New Jersey, has acquired Green Prosthetics and Orthotics, a custom fabricator of prosthetic and orthotic devices based in Erie, Pennsylvania. The transaction, advised by Generational Equity, closed on November 2, 2022 and furthers Mobility Ideal Health Care's consolidation and geographic expansion in prosthetics, orthotics, durable medical equipment and related rehabilitation services.

Hilb Group, a Carlyle-backed insurance brokerage based in Richmond, Virginia, has acquired Pennsylvania-based Sharpline Insurance Brokerages (including Madison Risk Group and Trinity Asset Protection). The add-on expands Hilb Group’s property & casualty presence in the Mid-Atlantic, strengthening capabilities in construction and health & human services risk management.

LTC Global, Inc. has acquired Pittsburgh Brokerage Services, Inc. (PBS), a Capitas Financial partner headquartered in Pittsburgh. PBS Founder Thomas Hall will continue to manage the business as PBS is integrated with other Capitas partner agencies to expand distribution and share resources across LTC Global's agency network.

iCIMS, the talent cloud company, acquired SkillSurvey, a Malvern, Pennsylvania–based provider of cloud-based reference checking and credentialing solutions. The acquisition adds SkillSurvey’s patented digital reference-checking and credentialing capabilities to the iCIMS Talent Cloud to help enterprise customers automate skills verification and improve hiring outcomes.

CIVCO Radiotherapy announced it is joining forces with Qfix, a maker of patient positioning and immobilization devices for radiotherapy. The integration is intended to combine product portfolios, manufacturing capabilities and R&D to accelerate innovation, improve customer service and deliver enhanced radiotherapy products.

Dynamic Access, a PE-backed provider of outsourced vascular access services, has acquired Complete Intravenous Access Services, Inc. (CIAS) of Pittsburgh, Pennsylvania. The acquisition expands Dynamic’s footprint in the Pittsburgh and Eastern Ohio markets as it continues to build a national vascular-access platform alongside sponsor RiverGlade Capital.

Healthcare Building Solutions (HBS), a healthcare consulting platform backed by Latticework Capital Management, has acquired Barrins & Associates, a consulting firm specializing in accreditation and regulatory compliance for behavioral healthcare organizations. The add-on expands HBS's Accreditation and Regulatory Service Line and deepens its behavioral healthcare capabilities.

Cherry Bekaert has acquired Accume Partners, a risk, regulatory and cybersecurity advisory firm, from Nadavon Capital Partners. The deal expands Cherry Bekaert's internal audit, risk and compliance capabilities and strengthens its mid-Atlantic and Northeast presence to better serve financial services and other highly regulated clients.

Modus Create, a digital transformation consulting firm, has acquired Promptworks, a Philadelphia-based product and application development firm with expertise in retail, healthcare and life sciences. The deal strengthens Modus Create's product development capabilities and establishes a foothold in the Philadelphia market; Promptworks CEO Greg Sterndale and other senior executives will join Modus Create as advisors.

Boston-based private equity firm Artemis Capital Partners has acquired McDanel Advanced Ceramic Technologies, a Beaver Falls, Pennsylvania manufacturer of high-performance tubular and technical ceramics. Artemis said McDanel will operate independently from its Beaver Falls headquarters while Artemis invests in people, capabilities and capacity to support growth across semiconductor, aerospace & defense, medical and energy end markets.