Acquisitions in South Carolina in 2024

Fresh Express Inc. has acquired McEntire Produce Inc., a Columbia, South Carolina-based fresh-cut processor, repacker and wholesaler, to form a newly branded Foodservice Division under the McEntire Produce name. The deal combines McEntire's regional foodservice capabilities, wash-system technology and distribution fleet with Fresh Express's national retail supply footprint, grower network and supply-chain capabilities to expand foodservice reach and enhance food safety and innovation.

Blue Water Development has acquired Santee Lakes KOA Journey, a 167-site family-friendly campground on Lake Marion in Summerton/Santee, South Carolina. Blue Water plans a $4.0 million renovation to upgrade RV sites and amenities to position the property as a premier KOA RV resort along the I-95 corridor.

NovaTaste, a global taste-innovation company headquartered in Austria, has acquired McClancy Foods & Flavors from Dallas-based private equity firm CIC Partners. McClancy will continue to operate under its brand with the existing leadership team (including CEO Stephen Andresen) remaining in place and retaining significant ownership, while gaining access to NovaTaste's international innovation capabilities and distribution network.

Carroll Daniel Construction Co., a Georgia-based construction firm, has acquired the assets of Greenville-based O'Neal Inc. Engineering and its subsidiaries Quest Site Solutions, InFab Piping Services, and Bridge Automation. The acquired businesses and personnel (adding over 100 engineers and support staff) will combine with Carroll Daniel's existing Architecture and Engineering groups to operate as Carroll Daniel Engineering to expand integrated engineering, procurement and construction capabilities across the United States. Financial terms were not disclosed.

CHA Consulting, Inc. has acquired Civil Engineering Consulting Services, Inc. (CECS), a Columbia, South Carolina–based transportation engineering firm with 85 employees. CECS will rebrand immediately as CHA, expanding CHA's transportation capabilities and presence across South Carolina and the southeastern United States; CHA is a portfolio company of H.I.G. Capital.

CyberProof, a UST company, has acquired Interpres Security, a Mount Pleasant, South Carolina-based vendor recognized for Continuous Threat Exposure Management (CTEM) and Automated Security Control Assessments (ASCA). The acquisition will integrate Interpres's CTEM/ASCA platform into CyberProof's managed security services to provide continuous, risk-prioritized exposure management and improve security outcomes for enterprise customers.

Mangrove Equity Partners has made an investment in Griffin Gear, a South Carolina-based provider of industrial gearbox repair, rebuild services and aftermarket replacement gears. Griffin's senior management will remain in place as Mangrove looks to grow the business and pursue additional acquisitions in the gear manufacturing and gearbox repair sector.

L&S Mechanical acquired Quality Electric of the Coastal Carolinas (QECC) in a deal that closed November 1, 2024. Founders Advisors advised QECC; the acquisition expands L&S's geographic footprint beyond Texas and adds electrical capabilities to its tri‑trade offering, while QECC owner Chad Sanders reinvested in the combined business.

Akron, Ohio-based Sequoia Financial Group has acquired Family Asset Management (FAM), a Charleston, South Carolina-based SEC-registered investment advisory firm with roughly $300 million in assets under management. The acquisition expands Sequoia Financial's Southeast footprint and adds FAM's high-net-worth and multigenerational family advisory capabilities to Sequoia's wealth management and Sequoia Sentinel family office services; financial terms were not disclosed.

Paper Excellence Group announced the operational integration of its recently acquired Domtar Corporation and Resolute Forest Products with the legacy Paper Excellence business and will operate under the unified brand Domtar. The move consolidates pulp, paper, packaging, tissue and lumber businesses across North America to create a larger, single forest-products company focused on operational excellence and sustainability.

Cordance, a Raleigh-based acquirer and operator of vertically-focused B2B SaaS companies, has made a strategic growth investment in Solutions ITW, a Greenville-based provider of SaaS point-of-sale and donations software for Goodwill and thrift retailers. Solutions ITW will operate as an independent business unit within Cordance to accelerate product development, expand reach, and enhance operational capabilities for Goodwill retailers.

Foundation Investment Partners (FIP) has completed the acquisition of American Spool & Packaging, Inc. (Amspak), a Hartsville, South Carolina-based specialty paper packaging manufacturer. The Ridgeway family is exiting the business while FIP will keep operations in place with industry veteran David Partin serving as CEO to support growth and reinvestment in the company.

Acadia Healthcare (NASDAQ: ACHC) has acquired three opioid treatment program clinics in South Carolina — the opioid treatment programs of Recovery Concepts, Recovery Concepts of the Carolina Upstate, and Clear Skye Treatment Center — which will be rebranded as Clinton, Easley and Ridgeland Comprehensive Treatment Centers within Acadia's CTC service line. These are Acadia's first Comprehensive Treatment Centers (CTCs) in South Carolina and expand the company's outpatient medication-assisted treatment footprint serving Medicaid and other patients.

Providus Capital Partners has entered a growth equity partnership with McMillan Pazdan Smith (MPS), a Greenville, South Carolina-based architecture and planning firm. The undisclosed investment will support MPS’s growth strategy — expanding service capabilities, entering new markets and pursuing organic and acquisition initiatives while CEO Chad Cousins remains in place.

Christian Pure, a faith-based digital content operator, has acquired the website newsongfellowship.net to expand its online ministry and community offerings. The acquisition will be integrated into Christian Pure's platform to enhance content, live streaming, podcasts, devotionals and community engagement for faith-based audiences.

Hub International Limited has acquired Creative Financial Strategies, LLC, a Columbia, South Carolina-based investment and financial advisory firm. The Creative Financial Strategies team, including president Terry A. Crenshaw and EVP William H. Phillips, will join Hub Carolinas to strengthen Hub's retirement and private wealth capabilities.

Propark Mobility has acquired Southern Valet & Transportation, a Columbia, South Carolina-based provider of valet, parking management, and shuttle services. The acquisition expands Propark's national footprint and adds local valet and transportation capabilities to its portfolio of parking and mobility services.

Wealth Enhancement Group has acquired FinTrust Capital Advisors, LLC, a hybrid RIA headquartered in Greenville, South Carolina that oversees approximately $2.39 billion in client assets. The 14-advisor team (plus 13 support staff) will join Wealth Enhancement Group as part of its continued Southeast expansion; Park Sutton Advisors served as exclusive financial advisor to FinTrust.

ContourGlobal (a KKR company) has acquired a 151 MWdc solar portfolio consisting of two late-stage projects in South Carolina from Sun Tribe Development. The assets, which have long-term PPAs and completed interconnection studies, mark ContourGlobal's entry into the U.S. renewables market with commercial operations planned in 2029.

Altor Solutions, a Compass Diversified (CODI)-backed cold-chain and protective packaging business, has acquired Lifoam Industries from Jadex Inc. for an enterprise value of $137 million in cash (excluding working capital and certain adjustments). The deal expands Altor's cold-chain packaging capabilities and geographic footprint with Lifoam's seven U.S. manufacturing sites and specialized thermal testing and engineering capabilities.

Doman Building Materials Group Ltd. (TSX:DBM) acquired the assets of CM Tucker Lumber Companies, LLC ("Tucker Lumber") for a base purchase price of approximately US$255 million in cash. The asset purchase, completed October 1, 2024, adds Tucker's three facilities (headquartered in Pageland, South Carolina) and ~425 employees, expanding Doman's treated-wood capacity and Eastern U.S. footprint and is expected to be immediately accretive.

TransTech Group, a portfolio company of Bridge Industries, has acquired Cryogenic Technology Resources (CTR) to expand its cryogenic systems, fabrication, service and automation capabilities. The deal strengthens TransTech’s end-to-end offering for industrial gas, air separation, and related end markets while expanding geographic reach and service capacity.

King Risk Partners, a Gainesville-based insurance brokerage, has acquired Cypress Risk Management, Ltd. Co., a Ridgeville, South Carolina insurance agency that specializes in the forestry and trucking industries. The deal expands King Risk Partners' presence in South Carolina and strengthens its sector capabilities for forestry and trucking clients; terms were not disclosed.

Vista Equity Partners (through its Endeavor Fund) made a strategic growth investment in Gnosis Freight to support the logistics-software company's product and customer expansion. Gnosis Freight provides a Container Lifecycle Management (CLM) SaaS platform that delivers container tracking and supply chain visibility for ocean carriers, shippers, forwarders, truckers and 3PLs.

BrandSafway has acquired Covan's Insulation Company, a family-owned industrial insulation contractor based in South Carolina. The acquisition expands BrandSafway's insulation and industrial services footprint in the Carolinas and eastern Georgia and brings Covan's expertise and client relationships into BrandSafway's broader service network.

Springfield Tool & Die, a nearly 100-year-old precision manufacturing business headquartered in Duncan, South Carolina, was acquired by individual buyer Caleb Standafer III. The transaction—facilitated by Viking Mergers & Acquisitions—transfers ownership from retiring president Tom Aldridge, with the new owner committing to preserve the company’s legacy and service levels.

Jim Hudson Automotive Group of Columbia, South Carolina acquired Scott Will Toyota in Sumter, South Carolina, expanding Hudson’s South Carolina footprint to seven locations. Ozog Consulting served as exclusive sell‑side advisor to Scott Will; the transaction closed on September 5th.

Fulcrum Equity Partners completed a growth equity investment from its Fund V in Physician Services Group (PSG), a Greenville, South Carolina-based provider of transitional and geriatric care for residents of skilled nursing and assisted living facilities. The capital will be used to strengthen PSG's management team, expand service offerings, and support new market expansion while leveraging PSG's high-touch model that has reduced 30-day rehospitalizations.

SPATCO Energy Solutions, backed by investor Kian Capital, has acquired Blue1 Energy Equipment, a Greenville, South Carolina-based manufacturer of DEF storage and dispensing and fueling equipment. The add-on strengthens SPATCO’s DEF and fueling equipment manufacturing capabilities, expands its customer base across petroleum distributors, convenience stores, fleets and government agencies, and increases the platform’s U.S. footprint.

Paladin Holdings LLC, a portfolio company of Makai Capital Partners, has acquired Ultra-Pak, Inc., a Greer, South Carolina-based contract manufacturer, packager and distributor of personal care and cleaning products. The acquisition expands Paladin's liquid and powder filling capabilities and strengthens its presence in the Jan-San and Hospitality markets.

Fort Point Capital, a Boston-based private equity firm, has acquired NewBold Corporation, a Greenville, South Carolina-based provider of managed technology services for POS, AIDC and payment devices. Brookside Capital Partners provided subordinated debt and an equity co-invest to support the transaction, while Old Second National Bank and Brookside Mezzanine provided debt financing; terms were not disclosed.

The Hilb Group acquired a South Carolina-based worksite and voluntary benefits agency effective August 1, 2024, expanding its worksite and voluntary benefits presence in the Southeast. Hilb Group, a Richmond, Virginia–headquartered property & casualty and employee benefits brokerage (and a portfolio company of The Carlyle Group), did not disclose terms or the seller's identity.

Ballymore Safety Products, a portfolio company of One Equity Partners, has acquired a majority ownership stake in DOC Services, a Fort Mill, South Carolina–based provider of asset maintenance services for material handling, electromechanical and commercial HVAC machinery. DOC shareholders will retain a significant ownership stake and ongoing roles; the combination creates a national products-and-services platform with over 700 employees, expanded service capabilities, and enhanced lifecycle offerings including leasing, preventive maintenance and analytics.

Liberty Service Partners has acquired Easy Electrical Solutions, a residential electrical services contractor based in Columbia, South Carolina. Founders Dennis and Katielynn O'Toole will remain with the business as Liberty expands its platform into the South Carolina market and pursues cross-training and regional growth opportunities.

Rockit Pest has acquired Greenville-based R&R Pest Control, bringing the locally known team and founder Ryan Barrick into the Rockit platform. The deal expands Rockit’s presence in South Carolina and adds R&R’s bedbug-detection capability and local customer relationships to the platform; Barrick remained on to assist with the transition before stepping away.

Rockit Pest, a pest-control platform backed by Halle Capital, has acquired Barrier Guard Termite & Pest of Charleston, South Carolina from owner Sylvester Collins. The deal adds Barrier Guard’s local team and capabilities to Rockit’s platform as part of its strategy to expand its Charleston footprint and scale regional pest-control operations.

Aruza Pest Control Holdings, a portfolio company of Concentric Equity Partners, acquired the Greenville and Columbia branches of Evergreen Pest Solutions. The add-on expands Aruza's presence and density in South Carolina, with all branch-level employees retained to support continued local growth.

Indianapolis-based private equity firm CID Capital has partnered with Roebuck Wholesale Nursery and Landscaping, a Greenville–Spartanburg metro-headquartered provider of commercial and residential landscaping, as the firm’s ninth platform investment from CID Capital Opportunity Fund III. The investment will support Roebuck’s expansion of maintenance, installation, and nursery verticals across South Carolina, North Carolina, and Georgia.

Atlanta-based Liteworks Window & Door, a portfolio company of The Macallan Group, has acquired Southern Components, Inc., a distributor of windows and doors serving Charleston, St. Simons and Northeast Florida. The deal expands Liteworks' geographic footprint and broadens its product portfolio to accelerate growth in residential and commercial construction markets.

Leonard Green & Partners has made a strategic growth investment in RedSail Technologies, a provider of pharmacy management software and data services, with Francisco Partners reinvesting alongside RedSail management. The capital will be used to accelerate product development, expand the customer base, and advance RedSail's pharmacy and data platform across the pharmacy ecosystem.

Azuria Corporation, a portfolio company of New Mountain Capital, has acquired Infrastructure Services Group LLC (ISG) — including its operating subsidiaries Mr. Rehab, Green Mountain Pipeline Services and Inland Waters — from Juniper Capital Management. The deal brings ISG's trenchless water and wastewater inspection, maintenance and rehabilitation capabilities into Azuria's technology-enabled water solutions platform, expanding Azuria’s regional services and technical offerings.

PostPilot, a programmatic direct-mail marketing platform, received a strategic growth investment led by Summit Partners with participation from Klaviyo founders Andrew Bialecki and Ed Hallen. The funding will be used to accelerate hiring, expand internationally, and continue development of PostPilot's data-driven direct-mail targeting and execution capabilities.

Kelvin Group, in partnership with Southfield Capital, has completed the acquisition of GMS Services, LLC. The business will be integrated into Kelvin's RD&S unit to expand the platform's commercial refrigeration and HVAC/R service capabilities and geographic footprint across the Mid-Atlantic, Southeast and Great Lakes regions; terms were not disclosed.

Portland Bolt & Manufacturing Co., LLC has acquired the South Carolina manufacturing and hot-dip galvanizing operations of Southern Anchor Bolt Co., expanding Portland Bolt's US manufacturing footprint into the East. The deal adds galvanizing capacity and broadened product offerings while Southern Anchor Bolt's president, Leslie Yanizeski, will continue to manage daily operations to support continuity and customer service.

White Cap, a leading distributor of specialty construction supplies, has acquired WWJ Rebar, a rebar fabrication and reinforcing-steel provider based in Aiken, South Carolina. The acquisition expands White Cap’s rebar fabrication capabilities and footprint in the Southeast, providing WWJ Rebar’s customers access to White Cap’s broader products and services; WWJ Rebar’s owner and CEO Bill Jones commented on career and customer benefits from the transaction.

Pye-Barker Fire & Safety has acquired Southern Burglar and Fire Alarm Company, a nearly 100-year-old security and fire alarm provider headquartered in Belton, South Carolina. The acquisition expands Pye-Barker's presence in Upstate South Carolina; Southern Burglar's day-to-day operations and leadership will continue under the Pye-Barker platform.

Oil-Dri Corporation of America (NYSE: ODC) completed its previously announced $46 million acquisition of Ultra Pet Company, Inc., a supplier of silica gel–based crystal cat litter. The deal, funded with cash-on-hand and existing credit facilities, expands Oil-Dri's product portfolio into the crystal cat litter segment and aims to drive growth through combined commercial and operational capabilities.

Peninsula Cosmetic & Family Dentistry has acquired Mouth Carolina Dentistry to expand its presence into the West Ashley area of Charleston, South Carolina. The acquisition integrates Mouth Carolina Dentistry patients into Peninsula’s modern family and cosmetic dental practice, broadening access to services such as implants, pediatric care, and preventative dentistry.

Titan Cloud, a fuel asset optimization software provider, has acquired TRUEFILL, a Charleston-based fuel supply management and logistics platform. The acquisition will integrate TRUEFILL's forecasting, dispatching, route optimization, pricing, and back-office automation into Titan Cloud's platform to provide end-to-end visibility and cost savings across the fuel supply chain.

Epiphany Dermatology has partnered with Dermatology and Laser Center of Charleston, bringing Dr. Todd Schlesinger and his clinical team into the Epiphany network. The deal expands Epiphany's presence in South Carolina and provides the practice with centralized operational, clinical and administrative support.