Acquisitions in Tennessee in 2025

Broadwing Capital, a Dallas-based private equity firm, has acquired CloudScale365 as the inaugural investment in its new IT managed service provider (MSP) platform. CloudScale365 is a Nashville-based provider of managed IT, cloud, hosting, and security solutions for small and medium-sized businesses; the founder will transition to a consulting role and Bret Kidd was named CEO as the company pursues expansion in AI, cybersecurity, and infrastructure.

Solis Mammography, the nation's largest independent provider of specialized breast health services, has acquired Knoxville Comprehensive Breast Center, expanding Solis's footprint into East Tennessee. The acquisition brings the long-established Knoxville breast center into Solis's network as the company expands into its 24th major market.

BioMatrix Infusion Pharmacy acquired First Choice Wellness Centers, LLC (transaction closed December 10, 2025) to expand its ambulatory and home infusion footprint across the Southeast. First Choice operates eleven ambulatory infusion centers across Alabama, Florida, Georgia, Kentucky and Tennessee, bringing referral relationships, patient volume and payer access that support BioMatrix's community-based infusion strategy.

Revelstoke Capital Partners’ portfolio company, The Care Team, has acquired select hospice and palliative care operations of Traditions Health in Illinois, Indiana, Ohio and Virginia. The add-on expands The Care Team’s geographic footprint across the Midwest and Mid-Atlantic and brings Traditions Health staff and capabilities into The Care Team’s multi-state hospice platform.

Investcorp has acquired Guardian Fire Services, a Nashville-based provider of fire protection and life safety services, from Northern Lakes Capital. Guardian operates 17 branches across the U.S., serving commercial, industrial, healthcare and educational customers; management will remain meaningful shareholders as Investcorp supports the company's continued growth.

MiCare Path closed its fourth funding round and acquired Tennessee-based Compwell, LLC to accelerate national expansion and enhance its virtual care capabilities. The deal adds Compwell’s virtual assessments and care management services to MiCare Path’s reimbursable platform, supporting RPM, RTM, CCM and PCM and advancing AI-driven workflow automation.

Zeta Global has completed the acquisition of Marigold's enterprise software business (including Marigold Loyalty, Cheetah Digital, Selligent, Sailthru, Liveclicker, and Grow) for aggregate consideration of up to $325 million. The deal expands Zeta's AI marketing platform capabilities across loyalty, omni-channel engagement, and personalization, broadening its enterprise customer base and subscription revenue streams.

HMP Global has acquired Music City SCALE, a long-running multispecialty meeting in aesthetic medicine, medical dermatology, and regenerative skin health, to expand its skin-health education portfolio and build a more comprehensive learning ecosystem. The SCALE founders will continue to guide scientific direction and faculty engagement; terms of the transaction were not disclosed.

LRT Group has acquired Xpress Global Systems (XGS), a Chattanooga-based logistics provider focused on flooring distribution and LTL services. The acquisition is intended to strengthen LRT Group’s less‑than‑truckload (LTL) capabilities and expand XGS’s geographic coverage and service levels, particularly into the Southeast.

Doeren Mayhew has acquired McMurray, Fox & Associates, PLLC, effective Nov. 10, 2025, adding offices in Hendersonville and Gallatin, Tennessee and bringing three principals and additional professionals into its Nashville practice. The deal expands Doeren Mayhew's local tax expertise and establishes a dedicated audit presence in the Middle Tennessee market.

Winter Park-based BryteBridge Group has acquired Foundation Group, a Nashville-based provider of nonprofit formation, compliance, accounting and tax services. Backed by RFE Investment Partners and Knox Capital, the deal expands BryteBridge's nonprofit services platform, integrates Foundation Group's Assurance membership with BryteBridge's Connect platform, and broadens the combined group's reach to serve more small- and medium-sized nonprofit organizations nationwide.

Public, the New York–based investing platform, has acquired the CryptoIRA business from Alto. The deal transfers Alto's crypto IRA product and related technology to Public so that Public members will be able to trade cryptocurrencies within their IRAs once integration completes in early 2026.

Transom Capital Group, a Los Angeles–based private equity firm, completed the acquisition of Binswanger Glass, a leading full-service flat glass company headquartered in Memphis, Tennessee. The deal will provide Binswanger with new capital and Transom's operational resources to accelerate the company's transformation, expand service capabilities, and drive growth across its 42 locations in 11 states.

American Gridwork Partners (AGP), a Legacy Holdings vehicle, has acquired PMT Site, a Nashville-based underground utility and site infrastructure contractor. PMT Site will remain led by founder Phil Terhaar and operate with local autonomy while gaining access to AGP's national platform, shared resources, and growth capital as AGP builds a networked delivery platform for grid modernization.

Engineered Plastics Components, Inc. (EPC) of West Des Moines acquired the Portland, Tennessee injection-molding plant formerly operating as Western Plastics, a dedicated supplier to Kirby Co. The purchase included the plant's real estate and equipment and a long-term supply contract with Kirby; EPC plans to double the Tennessee facility (adding 60,000 sq ft) and install larger molding machines to expand capacity and serve additional OEM and Tier-1 customers.

U.S. Dock & Door (a portfolio company of Soundcore Capital Partners) has completed an investment in The Total Garage Store, adding the Tennessee-based garage door platform to its operating portfolio. The transaction, completed November 6, 2025, expands US Dock & Door’s footprint in the Southeast/Northeast and was advised by XLCS Partners on behalf of TGS.

FleetPride and TruckPro have completed a merger to form the largest independent distributor and service provider in the heavy‑duty aftermarket, with the combined company operating under the FleetPride name and jointly owned by American Securities and Platinum Equity. The combined business will operate more than 450 locations (110+ service centers) and six distribution hubs across the U.S. and Canada, aiming to expand parts availability, service capacity and digital/ecommerce capabilities.

PureTech Scientific LLC, a PE-backed specialty glycolic acid manufacturer, has acquired the Dayton, Tennessee operations of Cymer Chemical. The acquisition—backed by PureTech's sponsor Iron Path Capital—adds tolling, blending, organic synthesis and pilot-scale capabilities to PureTech and strengthens its position in life sciences, personal care and specialty industrial end markets.

Houston-based wealth advisor Americana Partners has acquired Nashville-based SEC-registered investment advisory firm Goodpasture Gray, bringing more than $300 million in client assets into Americana and establishing a Nashville presence. The deal expands Americana’s national footprint and adds a specialized practice focused on high-net-worth clients, including athletes and entertainers; Dynasty Investment Bank served as exclusive financial advisor to Goodpasture Gray.

HealthStream (Nasdaq: HSTM) acquired Virsys12, a provider-data-management and credentialing software vendor, to expand its Network by HealthStream credentialing application suite for payers and health plan enterprises. The deal was for up to $17 million in cash (with earnout and post-closing working capital adjustments), and HealthStream will integrate Virsys12's V12 Enterprise application and managed services into its hStream Platform and Professional Services offering.

Endeavour and CoPilot Global Logistics completed a majority investment in Mallory Alexander, with members of the Mallory family retaining an ownership stake. Mallory Alexander will serve as the foundational operating company for a planned scaled global logistics platform, with initial priorities including investments in visibility systems, workforce training, safety programs, and targeted acquisitions to expand capabilities and geographic reach.

Avesi Partners has made its first institutional investment in Mosaic Consulting Group, a Nashville-based UKG-focused HCM and workforce management consulting and managed services provider. The minority strategic growth investment will partner with Mosaic's leadership to accelerate organic growth, expand managed services offerings, and support M&A-driven expansion.

Italian technology group Dedagroup (via its North America business) has combined its U.S. credit-union technology businesses Share One and VisiFI into a single brand, Deda Sphere, effective October 1, 2025. The merger consolidates core processing and digital banking capabilities to accelerate product innovation and growth across the U.S. credit union market.

Sunstone Partners, a growth-oriented private equity firm, has acquired majority ownership of Clearwater from Altaris, LLC and other existing shareholders. The investment will support Clearwater’s expansion of managed security, consulting, and software capabilities across the healthcare ecosystem and the defense industrial base (via its Redspin division).

5by5 Agency, part of the 3LS Inc. family of employee-owned companies, has acquired Nashville-based PR firm Heurisay. Heurisay founder Kristin Faulder will join 5by5 as Vice President of Public Relations as the acquisition expands 5by5’s integrated communications and public relations capabilities for its growth-focused clients.

Air Conditioning Specialist, Inc. (ACS), a portfolio company of Hidden Harbor Capital Partners, has acquired Clark Heating & Cooling, Inc., a residential and light commercial HVAC provider headquartered in Dickson, Tennessee. The deal expands ACS’s footprint in Middle Tennessee and strengthens its HVAC and plumbing service platform; financing for the transaction was provided by funds managed by First Eagle Alternative Credit and Capital Southwest.

InFocus Eyecare, a growing network of more than 25 full-scope optometry practices, has acquired Lincoln County Vision Center in Fayetteville, Tennessee. The transaction expands InFocus's Tennessee footprint and will absorb the practice of retiring Dr. Daniel DeJarnatt into the Lincoln County Vision Center team led by Dr. Bill Womble, ensuring continuity of patient care.

Birmingham-based Tacala acquired nine 7 Brew drive-thru cafes from Brew Team TN in Tennessee, increasing its 7 Brew portfolio to 31 locations. Tacala, a portfolio company of Altamont Capital Partners and the largest Taco Bell franchisee in the U.S., continues to expand its quick-service footprint while focusing on managing its Taco Bell and 7 Brew businesses.

Integration Health has acquired ECMO Advantage, combining two leading ECMO, perfusion, and transplant support providers to create a unified national platform. The combined organization will serve over 55 hospitals across 22 states, expanding specialized clinical staffing, program development, transport, and education services for ECMO and perfusion care.

Houston-based private equity firm Double Barrel Capital completed a majority recapitalization of Memphis-based third-party logistics provider Envoy Source, LLC, with the transaction closing on August 15, 2025. The recapitalization positions Envoy to scale its high-value packaging, fulfillment, and serialized inventory management capabilities and pursue growth under DBC’s support.

LumEfficient Lighting Corporation, a Brentwood, Tennessee-based maker of industrial LED lighting, was sold by founder Randy Reid to an individual investor affiliated with Noble Venture Partners. The transaction closed on September 17, 2025 and was advised by Generational Group; the buyer intends to expand LumEfficient’s presence in hazardous-location and industrial markets.

Opifex-Synergy, backed by Avance Investment Management and funds managed by BlackRock, has acquired Equipment Finders, Inc., a Nashville-based independent equipment rental provider. The add-on expands Opifex-Synergy’s national footprint into the Nashville market (making it the 7th largest general rental business in the U.S.) and EFI founder Scott Hatcher will join Opifex-Synergy as Vice President of Corporate Development.

Creative Brands, a Phoenix-based distribution, importing and manufacturing subsidiary of CBC Group, has acquired C.R. Gibson, a Nashville-based maker of memory books, stationery and gifting products. The acquisition adds C.R. Gibson’s four brands and broad retail presence (products sold at over 10,000 gift retailers across the U.S., Canada and the U.K.) to Creative Brands’ portfolio.

Zeus Fire and Security, a platform company backed by Access Holdings, announced a partnership to bring Gallaher & Associates into the Zeus platform, expanding Zeus' footprint into Tennessee and the Southeastern U.S. Gallaher, a life-safety and low-voltage systems provider founded in 1973 and headquartered in the Knoxville area, will join Zeus to leverage expanded resources, technology and a national support network.

Tower Arch Capital has recapitalized Documotion Research, Inc. (DRI), the Columbia, Tennessee-based manufacturer of StickyPOS linerless labels, partnering with the Van Boom family while Joel Van Boom remains CEO. The investment will support expanded production, product development and entry into new end markets (including healthcare and logistics); terms were not disclosed.

EverPeak Insurance, a subsidiary of Pinnacol Assurance, has acquired Method Insurance (a workers' compensation MGA) to build a unified, national workers' compensation solution for brokers and employers. The deal expands EverPeak's geographic footprint and capabilities—integrating Method’s carrier partnerships, agency distribution, claims management, and loss-prevention expertise with EverPeak/Attune’s digital platform and underwriting resources.

Ardurra Group, Inc. has acquired J.R. Wauford & Company, a Nashville-based water and wastewater engineering firm, adding approximately 35 professionals to Ardurra's team. The deal expands Ardurra's high-end water capabilities and strengthens its Tennessee presence; Ardurra is a Littlejohn & Co. portfolio company.

Marsh McLennan Agency (MMA), a business of Marsh, has acquired Robins Insurance, a Nashville-based independent insurance agency. Terms were not disclosed; all Robins employees, including CEO Van Robins, will remain at the Nashville office as MMA expands its presence in the Nashville market.

Chicago-based private equity firm Shore Capital Partners has completed a growth partnership with Dillard Companies, a Memphis-based provider of commercial doors, gates, security, and access control solutions. Shore will support Dillard with capital, board and operating resources and management changes to accelerate technology adoption, service capabilities, geographic expansion and targeted add-on activity.

Ruppert Landscape, a family- and employee-owned commercial landscaping provider headquartered in Laytonsville, Maryland, has acquired Enviro-Scapes, a Nashville-based landscaping company founded and led by brothers Mark and Mike Russell. The deal expands Ruppert's presence and capabilities in the Nashville/Tennessee market and brings Enviro-Scapes' maintenance and installation expertise into Ruppert's growing platform.

Nevco Sports LLC has acquired Scorebird, a sports-technology company that provides real-time scoring data and API-driven fan engagement tools. The acquisition expands Nevco's digital capabilities by integrating Scorebird's live data streaming, overlay and API functionality into Nevco's scoreboard hardware and broader technology ecosystem.

iQor CXBPO acquired JumpCrew, a Nashville-based Growth as a Service provider, to expand its end-to-end customer experience (CX) and B2B sales and marketing capabilities. The acquisition integrates JumpCrew's AdPost platform and dedicated sales teams with iQor's global CXBPO delivery and analytics, with Chris Crowley leading the combined organization and Robert Henderson remaining as JumpCrew's CEO reporting to Crowley.

USA Hometown Experts, a platform backed by MSouth Equity Partners, has acquired Metro Plumbing, Heating & Air of Chattanooga, Tennessee. Metro's CEO Drew Hardin will remain in place as the transaction brings the residential HVAC, plumbing, septic and drain services provider into USA's Southeast home services roll-up.

EOTECH has acquired VK Integrated Systems (VKIS), a Clarksville, Tennessee developer of weapon electronics, TAK-based situational awareness tools, and battlefield networking solutions. The purchase expands EOTECH’s capabilities beyond optics into integrated weapon sensors, edge computing, and turnkey TAK server offerings to accelerate battlefield digitization and C5ISR capability at the tactical edge.

Identiti Resources, a national brand implementation and facility services platform headquartered in Hoffman Estates, Illinois, has acquired Cummings Resources, a Nashville-based full-service signage and branding firm with a 115,000-square-foot manufacturing facility in Dothan, Alabama. The deal expands Identiti's manufacturing capacity, project management expertise and national footprint to better serve multi-site brands across retail, hospitality and other end markets.

Memphis-based Wiseacre Brewing Company has acquired Nashville's Bearded Iris Brewing, combining two of Tennessee's largest craft breweries. Wiseacre, using its Abel Brewing LLC entity, will operate Bearded Iris' locations in Nashville as part of a strategic consolidation to bolster scale and address ongoing industry challenges; financial terms were not disclosed.

SiteOne Landscape Supply, Inc. (NYSE: SITE) has acquired Nashville Nursery and Landscape Supply, a one-location wholesale nursery and landscape products distributor in Nashville, Tennessee. The purchase expands SiteOne’s nursery footprint and provides a strategic location to better serve landscape professionals in the growing Nashville market.

Evergreen Services Group has acquired ImageQuest, a Franklin, Tennessee-based managed IT, cybersecurity and compliance provider. ImageQuest will continue to operate under Evergreen’s Lyra Technology Group platform with its leadership and team remaining in place as Evergreen scales its security- and compliance-specialized MSP capabilities, particularly in regulated verticals such as financial services.

Osaic, Inc. acquired a majority interest in Innovative Wealth Team, a Nashville-based advisor succession and wealth management practice that manages approximately $700 million in assets. The deal expands Osaic's supported independence offering by adding turnkey succession and continuity solutions for advisors nearing retirement.

AnyCreek, an AI-powered booking and business-management platform for guided outdoor experiences, has acquired Origin, a vertical software provider serving outfitters and guides. The deal brings Origin's guide-first capabilities onto AnyCreek's platform, expanding product functionality and creating a combined AI-powered vertical SaaS offering for the outdoor industry across all 50 U.S. states.