Acquisitions in Rhode Island in 2019

The Hilb Group, LLC (THG) acquired Rhode Island-based Wickford Insurance Agency, Inc., effective December 1, 2019. The acquisition expands THG's property & casualty operations in New England; THG is a Richmond, Virginia-based, middle-market insurance brokerage and a portfolio company of The Carlyle Group.

APDerm, a physician-led dermatology group based in Acton, Massachusetts, has acquired Dermatology Professionals, Inc., adding DPI's headquarters in East Greenwich, Rhode Island and a second location in North Attleboro, Massachusetts. The deal expands APDerm's footprint across New Hampshire, Massachusetts and Rhode Island and increases its network to 24 locations and 69 providers.

Chicago-based private equity firm Entrepreneurial Equity Partners (e2p) has acquired Daniele International, a Rhode Island-based producer of specialty Italian charcuterie and deli meats, from the Dukcevich family, who will retain a significant stake. The deal marks e2p's second platform investment and aims to leverage the firm's food and CPG expertise to support Daniele's growth across retail, club and mass channels.

Meridian Adhesives Group, the adhesives platform backed by Arsenal Capital Partners, acquired Epoxies, Etc., a Cranston, Rhode Island-based formulator of specialty epoxies, urethanes and silicones. The add-on expands Meridian’s product portfolio and extends its presence into high-growth end markets including electronics, infrastructure/aerospace and medical applications.

Kohlberg & Company, a Mount Kisco, New York-based private equity firm, has acquired Nelipak Healthcare Packaging, a Cranston, Rhode Island-based manufacturer of custom rigid packaging for medical devices and pharmaceutical drug delivery products, from Mason Wells. Kohlberg plans to invest in Nelipak to expand capabilities and pursue organic and M&A-driven growth, using Nelipak as a platform for further industry consolidation.

Encore Consumer Capital, a San Francisco-based private equity firm, completed an investment in Tourtellot & Co., Inc., a Warwick, Rhode Island-based fresh produce distributor. Encore said it will partner with the Sigal family and Tourtellot management to support the company's next phase of growth and strengthen its position serving retail grocery customers across the New York–Boston corridor.