Tracked deals
245
245 tracked deals across 2025.
Tracked deals
245
245 tracked deals across 2025.
Buyer mix
Strategic-led
209 strategic · 104 pe
Top trend
Volume peaked in 2021
277 tracked deals announced in 2021.
Buyer Snapshot
Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| One Equity Partners | 3 | Middle-market private equity firm focused on industrial, ... | PE |
| Sila Services, LLC | 3 | Home services platform operating 35+ regional service bra... | Strategic (PE-backed) |
| Bain Capital | 2 | Global private investment firm investing across private e... | PE |
| Ballymore Safety Products | 2 | Designer, manufacturer, and service provider of vertical ... | Strategic (PE-backed) |
| Dental365 | 2 | Full-service dental group operating multi-state clinics o... | Strategic (PE-backed) |
| Gemspring Capital | 2 | Middle-market private equity firm providing flexible capi... | PE |
| Greenlight Networks | 2 | Fiber-to-the-home internet provider operating and expandi... | Strategic |
| HCI Equity Partners | 2 | Lower middle market private equity firm focused on partne... | PE |
| Kanbrick | 2 | Long-term investment partnership focused on acquiring and... | PE |
| LDR Partners LP | 2 | People-focused private equity firm specializing in contro... | PE |
Last 10 years
Supporting Data
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.
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.
Brentwood Associates partnered with Tenex Capital Management to complete an equity recapitalization of Perennial Services Group. Perennial’s management team, led by CEO Jon Allen, reinvested and will remain significant shareholders. The transaction closed on December 23, 2025.
Republic Services acquired Leck Waste Services. The transaction closed on October 31, 2025, with Leck exclusively advised by principals of Founders Advisors.
Galco Industrial Electronics acquired Ad-Tech CCI, Inc., a Harrisburg, Pennsylvania-based distributor of industrial controls, automation components, and identification products. The deal is intended to strengthen Galco’s Mid-Atlantic presence and expand product offerings, engineering support, and service capabilities for customers.
Norwood Financial Corp (parent of Wayne Bank) received final regulatory approvals for its proposed acquisition of PB Bankshares, Inc. (parent of Presence Bank). The companies expect to close the transaction on or about January 5, 2026, subject to customary closing conditions.
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.
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.
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.
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.
Tyler Technologies has acquired Edu.Link Incorporated (Edulink), a Cranberry Township, Pennsylvania-based provider of K‑12 educator evaluation, compliance tracking, and workflow automation software. The acquisition expands Tyler's School ERP HR capabilities by integrating Edulink's PAETEP and Comply products to provide unified HR, compliance, and operational workflows for K‑12 districts.
Waverly Advisors, an RIA based in Birmingham, Alabama, has acquired Forefront Wealth Management of Malvern, Pennsylvania, expanding Waverly's Mid-Atlantic presence. The Forefront team will join Waverly and the deal adds approximately $257 million of AUM; the transaction closed on December 5, 2025.
OceanSound Partners, a New York-based private equity firm, has made a strategic/control investment in Burns Engineering, a Philadelphia-headquartered provider of electrical, mechanical and technology systems engineering for transportation and critical infrastructure markets. Burns' leadership team (including Matthew and John Burns) will retain significant ownership and continue to run the business as OceanSound backs growth initiatives and targeted acquisitions to expand capabilities and geographic reach. Financial terms were not disclosed.
Fulton Financial Corporation agreed to acquire Blue Foundry Bancorp in an all-stock merger, valuing the transaction at approximately $243 million based on Fulton's share price at signing. Fulton later announced the successful completion of the acquisition on April 1, 2026, with Blue Foundry Bank initially operating as a wholly owned subsidiary before integration into Fulton Bank.
Nordomatic US, the U.S. arm of global BMS provider Nordomatic, has acquired Conexus, Inc., a Middletown, Pennsylvania-based building management systems integrator. The deal brings Conexus's ~50 employees and sector expertise into Nordomatic US to expand its footprint across the mid‑Atlantic, strengthen technical capacity, and accelerate growth in education, healthcare and government markets.
Spotless Brands, a portfolio company of Access Holdings, acquired Pete's Express Car Wash, adding six express-only sites in the Greater Philadelphia area that will operate under the Flagship Carwash brand. The transaction was financed via Spotless's expanded $450 million credit facility and supports the company's strategic expansion and densification across Philadelphia, New York and New Jersey.
The Hershey Company has finalized its acquisition of LesserEvil, an organic snacks brand offering popcorn and puffs with better-for-you ingredients. The deal expands Hershey’s snacking portfolio across better-for-you and salty snack categories and adds additional manufacturing capacity while keeping LesserEvil’s leadership team in place.
Integrum, a private investment firm, made a significant strategic investment in True, the Philadelphia-based executive talent management platform, to fund True's next phase of growth. As part of the partnership Integrum is adding senior leaders to True’s board to support expansion of its technology-led talent, advisory, and search offerings.
Business Development Resources (BDR) has acquired the Plumbing CEO brand and appointed its founder, Nate Agentis, as Director of the Plumbing Vertical. The acquisition brings Plumbing CEO's leadership development and training resources into BDR's suite to help expand and deepen BDR's offering for plumbing contractors across North America.
EnterOne has acquired Lumious in an acqui-hire to broaden its IT learning and development capabilities, particularly in cloud, DevOps, and AI-driven training. Lumious will continue to operate under its brand during the transition while leveraging EnterOne’s global infrastructure to expand service offerings across North America.
Macquarie Asset Management-led consortium has entered into an agreement to acquire a majority stake in Potters Industries, a manufacturer of engineered glass beads and microspheres used in road infrastructure. The deal is expected to close in the first half of 2026, subject to regulatory approvals and customary closing conditions, with co-investment support from UniSuper and Partners Capital.
Polymer Adhesives Holdings, a portfolio company of DalFort Capital Partners, has acquired Fielco Adhesives, a Huntingdon Valley, Pennsylvania-based manufacturer of industrial epoxy adhesive solutions. The add-on expands the platform's formulation capabilities and product portfolio to better serve customers across abrasive converting, paint applicators, grinding wheels, electronic encapsulation and other industrial end markets.
Axiom GRC has acquired IS Partners, a U.S. cyber assurance and compliance services provider, to accelerate its North American expansion and broaden its cyber assurance and compliance offerings. IS Partners—headquartered in the Philadelphia area—serves roughly 600 customers with recurring audits across frameworks such as SOC 1/2, ISO 27001, HITRUST, HIPAA, PCI DSS and CMMC; the deal is Axiom's first U.S.-headquartered acquisition and its fifth since partnering with Inflexion.
Bluespring Wealth Partners has acquired Pittsburgh-based Signature Wealth, an RIA overseeing approximately $1.41 billion in client assets. The deal advances Bluespring's national expansion while providing Signature Wealth with scale, back-office capabilities, and continuity planning.
Mobile Communications America (MCA) has acquired ComPros, Inc., a Motorola Elite Service Provider based in Pennsylvania, marking MCA’s strategic entry into the state and adding solution centers in Altoona and Chambersburg. The acquisition expands MCA’s national footprint and ability to deliver integrated communications, data, and security solutions to public safety, government and commercial customers in the region.
Trinity Life Sciences has acquired EVERSANA’s advisory services operation across Asia-Pacific and the Middle East (APACME), bringing regional teams in Singapore, Tokyo, Mumbai, Shanghai, Sydney and Dubai into Trinity’s global footprint. The transaction deepens Trinity’s local life‑sciences commercialization capabilities while EVERSANA will continue to operate its broader commercialization services and maintain a strategic collaboration with Trinity for shared clients.
Bugcrowd has acquired Mayhem Security, an AI offensive security pioneer founded by Carnegie Mellon researchers, to integrate Mayhem's autonomous testing and reinforcement-learning capabilities into Bugcrowd's crowdsourced security platform. The acquisition (terms not disclosed) will combine Bugcrowd's hacker community with Mayhem's AI-driven offensive testing to deliver continuous, human-in-the-loop security across development and production; Dr. David Brumley will join Bugcrowd as Chief AI and Science Officer.
Greenlight Networks entered into a definitive agreement to acquire Pennsylvania-based FastBridge Fiber. The deal is expected to close in mid-2026, subject to regulatory approvals and customary closing conditions, and aims to expand Greenlight’s high-speed fiber footprint in Pennsylvania and New York.
AssetMark Financial announced it plans to acquire Efficient Advisors, an asset management platform overseeing $3 billion in client assets, from Fiduciary Services Group (FSG). The deal is intended to strengthen AssetMark’s position in the registered investment advisor (RIA) channel and expand its wealth management capabilities and advisor network.
Prospector Baseball Group (PBG) announced its pending acquisition of the Lancaster Stormers, an MLB Partner League team in the Atlantic League of Professional Baseball. PBG plans to assume control from the Stormers’ previous ownership group and continue community engagement while enhancing club operations and the fan experience.
Wind River Environmental has acquired Keystone Wastewater Services, a 20+ year grease pumping and drain cleaning specialist operating in central Pennsylvania, Ohio, and Maryland. The acquisition expands Wind River's service footprint around Loretto, Pennsylvania and strengthens its commercial grease and wastewater service capabilities in the mid-Atlantic region.
Chemstream announced its merger with Synthex Organics to create a combined specialty chemical solutions platform operating under the Chemstream name. The combined company will integrate Chemstream’s distribution, logistics, and fluid systems expertise with Synthex’s specialty chemical manufacturing and R&D capabilities, expanding technical resources and customer offerings across oil and gas, water treatment, and industrial markets.
Old Republic International Corporation has signed a definitive agreement to acquire Everett Cash Mutual Insurance Co. (ECM) and its affiliated companies following ECM’s sponsored demutualization to convert from a mutual to a stock insurer. The deal is subject to regulatory and policyholder approval and was expected to close in 2026. A later update states the conversion and acquisition were completed after members approved the plan and ECM’s articles were filed on July 1, 2026.
Swoogo, the Los Angeles–based event management platform, has acquired Amae Live, a bespoke event technology and development firm founded by Leonora Valvo. The deal expands Swoogo’s Professional Services capabilities—adding custom development, creative builds, and deeper technical support for customers building branded and complex event experiences.
Certerra, a portfolio company of OceanSound Partners, has acquired Farabaugh Engineering & Testing, a McKeesport, Pennsylvania-based provider of construction materials testing, auditing, and engineering services. The add-on acquisition (closed August 15, 2025) expands Certerra’s Analytical Labs and Building Products divisions and increases its technical capabilities and geographic presence in key U.S. markets, particularly the Northeast.
Allegheny Performance Plastics has acquired Holbrook Tool and Molding, Inc., a precision injection molding and tooling company based in Meadville, Pennsylvania. The transaction expands Allegheny’s medical molding and tooling capabilities, adding tight-tolerance mold building and insert molding expertise for medical manufacturing.
Sila Services, a national home services platform, has acquired Oxford Plumbing & Heating, a long‑standing residential plumbing and heating provider serving Chester County, Pennsylvania. The add‑on expands Sila’s service footprint and capabilities in its founding market in Eastern Pennsylvania; financial terms and seller details were not disclosed.
Recognize, a private equity firm focused on digital services, announced a strategic investment in Security Risk Advisors Intl, LLC (SRA), a scaled cybersecurity services firm providing advisory and managed security. The investment is SRA’s first institutional equity capital, and co-founders Tim Wainwright and Chris Salerno will continue to lead the company.
Command Investigations, a national investigations firm headquartered in Lake Mary, Florida, has acquired Merge Investigations, Inc., a Lancaster, Pennsylvania–based provider of insurance defense and SIU investigative services. The acquisition expands Command's national footprint and strengthens its SIU and web (OSINT) investigation capabilities through Merge's S.C.A.N. program and experienced field teams.
C2A Security has acquired Pittsburgh-based Vigilant Ops, a specialist in SBOM automation and product security for MedTech and healthcare customers. The acquisition integrates Vigilant Ops’ SBOM and compliance capabilities into C2A’s AI-driven product security orchestration platform to accelerate MedTech, defense, and telecom market expansion and strengthen regulatory and supply-chain security offerings.
Cherry Bekaert announced its intent to acquire Herbein + Company, Inc., a Pennsylvania-based CPA advisory firm, in a transaction expected to close later in October 2025. The deal is designed to expand Cherry Bekaert’s reach into Pennsylvania and broaden service offerings across key industries.
Professional Credit Service (a Tonka Bay partner company) acquired Virtual Accounts Receivable Outsourcing, LLC (VARO) and BYL Services, both based in West Chester, Pennsylvania, to strengthen its national footprint and tech-enabled receivables and revenue cycle management capabilities. The deal expands Professional's east‑coast presence and adds patient-pay revenue cycle, collections and BPO capabilities; Professional is majority owned by Tonka Bay Equity Partners.
Avance Investment Management has made a strategic minority investment in Barchemy, LLC, a developer and manufacturer of better-for-you chocolate and confectionery ingredients. Barchemy Founder and CEO Larry Toscano will retain a significant ownership stake and continue to lead the company as the business invests to expand capacity, facilities and product innovation; terms were not disclosed.
Carson Group (CWM, LLC) announced it has fully acquired the Carson Wealth location in Pittsburgh, Pennsylvania, led by Neal McGrath, which manages about $358 million in AUM. The move consolidates a long-standing partnership and integrates the Pittsburgh office more tightly into Carson's national platform to support future growth and deeper client service.
Synchrony (NYSE: SYF) acquired Versatile Credit, a consumer-financing software provider that connects merchants, lenders, and consumers through point-of-sale solutions. The acquisition brings Versatile’s multi-source financing platform and reporting capabilities into Synchrony to accelerate its consumer-financing technology roadmap while Versatile will continue serving other lenders and merchants.
Astara Capital Partners led a continuation vehicle for Garlock Flexibles and simultaneously arranged the merger with C-P Flexible Packaging in October 2025, creating Garlock/C-P. The combined company operates 10 manufacturing locations across the United States and Canada and positions itself as one of the top 15 flexible packaging manufacturers in North America.
VisuSewer, a Fort Point Capital portfolio company, has completed the acquisition of MOR Construction Services, a Glen Mills, Pennsylvania‑based provider of utility and commercial wastewater infrastructure services operating across Pennsylvania, Delaware and New Jersey. The add‑on expands VisuSewer’s geographic presence into three new Mid‑Atlantic states and supports the platform’s goal of building a national leader in wastewater infrastructure services.
Creative Planning, a large independent wealth management firm, has acquired Financial Abundance, a Pennsylvania-registered investment advisor, in a deal that closed Sept. 30 and will add over $275 million of AUM. The acquisition expands Creative Planning’s East Coast footprint and brings Financial Abundance founder Paul Nichols and his team into Creative Planning’s national platform.
Resonetics has acquired Eden Holdings (comprising Eden Manufacturing and Eden Tool), adding precision micro-molding, insert-molding, and advanced machining and tooling to its MedTech manufacturing capabilities. The deal expands Resonetics' polymer and tooling capabilities to better serve medical device OEM end markets including robotic surgery, minimally invasive surgery, electrophysiology, and rapid diagnostics.
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