Acquisitions in Vermont

Fiduciary Services Group (FSG) has acquired Future Planning Associates, Inc. (FPA), a Vermont-based third-party administrator and recordkeeper, and will integrate the business into DWC, FSG’s national TPA platform. The acquisition strengthens FSG’s New England footprint, adds recordkeeping capability, and addresses FPA’s upcoming technology transition by leveraging PCS Retirement’s modernization experience.

Copley Equity Partners has acquired Vital Delivery Solutions, a New England provider of healthcare logistics, same-day courier, and temperature-controlled warehousing services. Financial terms were not disclosed; VDS will continue operating under its brand with management in place while leveraging Copley’s resources to expand service offerings and geographic coverage.

Dispatch Energy LLC acquired 100% of Green Lantern Solar’s operations, including 64 solar and battery projects totaling 208.9 MWdc and an O&M services business. The deal expands Dispatch’s distributed generation footprint across nine U.S. states and brings its total portfolio to approximately 489.5 MW.

Grizzly MEP, a commercial MEP platform backed by Garnett Station Partners, announced a partnership with Vermont Mechanical Incorporated, a full-service mechanical contractor headquartered in Williston, Vermont. The deal serves as an add-on to Grizzly's platform to expand its New England footprint and leverage Vermont Mechanical's installation and growing services capabilities across healthcare, government and education end markets.

TransDigm Group completed its acquisition of the Simmonds Precision Products business of Goodrich from RTX Corporation for approximately $765 million in cash. Simmonds, headquartered in Vergennes, Vermont, is a designer and manufacturer of fuel & proximity sensing and structural health monitoring solutions for aerospace and defense, is expected to generate about $350 million in 2025 revenue and employs roughly 900 people. TransDigm financed the acquisition with cash on hand.

John Boos & Co., the long-standing U.S. manufacturer of premium kitchen equipment, has acquired JK Adams, a Vermont-based maker of handcrafted wooden cutting boards and kitchenware. The acquisition will retain JK Adams' headquarters and staff in Dorset, Vermont, and expand John Boos' product offerings and U.S. footprint while preserving both brands' focus on craftsmanship and sustainable practices.

Wealth Enhancement Group has acquired Dempsey Investment Management, a South Burlington, Vermont registered investment adviser overseeing over $150 million in client assets. The acquisition expands Wealth Enhancement’s presence in the Northeast and brings Donald F. Dempsey Jr. and his client relationships into Wealth Enhancement’s national wealth management platform.

Whitsons Culinary Group, a family-owned onsite food service operator based in Islandia, New York, has acquired Vermont-based The Abbey Group, a regional provider of school food services in the Northeast. The deal expands Whitsons’ footprint into additional New England school communities and brings The Abbey Group’s focus on local sourcing and child nutrition into the Whitsons Family of Companies.

Prosperity Partners, a Chicago-based tax and accounting platform backed by Unity Partners, completed the acquisition of South Burlington, Vermont-based Danaher Attig & Plante (DAP). The deal expands Prosperity’s tax and accounting capabilities and establishes a Vermont presence; terms were not disclosed and DAP partners will remain actively involved.

Hoffman Auto Group has acquired the Burlington Subaru and Burlington Hyundai dealerships in Burlington, Vermont from seller 802 Cars. Kerrigan Advisors represented 802 Cars in the sale; the transaction expands Hoffman Auto Group's geographic footprint into Vermont.

Portland Bolt & Manufacturing Co., LLC has acquired Applied Bolting Technology, a Bellows Falls, Vermont-based manufacturer of Direct Tension Indicating washers (DTIs). The acquisition expands Portland Bolt’s domestic manufacturing capabilities and geographic footprint while keeping Applied Bolting’s leadership and operations in Vermont; G2 Capital Advisors served as exclusive buy-side advisor.

Blue Mantis has acquired three Vermont-based IT and networking firms — TELigence Partners, Brevin Systems and Calkins Networks — bringing nearly 200 new customers into its portfolio. The deal expands Blue Mantis' carrier, network and managed-services capabilities across the Northeastern U.S., strengthening its offering for mid-market clients in industries such as healthcare and higher education.

Custom Veterinary Services (a portfolio company of Align Capital Partners) has acquired Green Mountain Animal, LLC, combining capabilities in soft chew, powder and liquid pet health products. The combined business will be rebranded as CompletePet to create a larger CDMO/pet health products platform with expanded R&D, manufacturing and supply-chain capacity.

Outside Interactive Inc., the Boulder-based outdoor media and active-lifestyle platform, has acquired Inntopia, a Stowe, Vermont–based provider of booking, marketing, and business intelligence SaaS for resorts and travel destinations. The deal combines Outside's large audience and event/advertising network with Inntopia's booking technology to create an integrated adventure travel booking and insights platform; terms were not disclosed.

Stewart's Shops Corp. has acquired the retail convenience-store operations of Jolley Associates LLC and the wholesale petroleum and residential heating oil businesses of S.B. Collins Inc., adding 45 convenience stores across Vermont, New Hampshire and New York. The deal expands Stewart's regional footprint and integrates fuel distribution and heating-oil operations previously owned by the Jolley family; Matrix Capital Markets advised the sellers.

Investment funds managed by Morgan Stanley Capital Partners (MSCP) have acquired FoodScience, a Williston, Vermont-based formulator, manufacturer and marketer of pet and human nutritional supplements, from Wind Point Partners. MSCP said it will work with CEO Sharon Rossi to pursue organic growth and strategic M&A to expand FoodScience's portfolio and capabilities.

ATIS, a portfolio company of Thompson Street Capital Partners (TSCP), has acquired Vermont Elevator Inspection Services (VEIS). The add-on expands ATIS' geographic footprint into Vermont and strengthens its local inspection and regulatory compliance capabilities; terms were not disclosed.

PLACE, the brokerage-inclusive real estate technology and services platform, has acquired Livian, a real estate team servicing platform founded by Adam Hergenrother. Livian will be fully integrated into PLACE's ecosystem to expand PLACE’s capabilities for servicing high-performing real estate teams across the United States and Canada.

Canto, a leading provider of digital asset management (DAM) software, has acquired Image Relay, a Burlington, Vermont–based SaaS vendor that combines DAM and product information management (PIM). The deal brings Image Relay founder and CEO Skye Chalmers into Canto’s team and expands Canto’s product capabilities to offer a unified DAM+PIM solution for industries such as retail, manufacturing and CPG.

ALKEME, a Top 40 insurance brokerage based in Ladera Ranch, California, has acquired North Point Insurance Agency, a family-owned agency with offices in New York, Vermont and Maine. The acquisition expands ALKEME’s Northeast footprint and adds North Point’s specialty expertise in property & casualty and personal insurance, including a strong presence in the maple sugaring industry.

Original Clean Energy, a subsidiary of Clean Royalties backed by Houston-based Siltstone Capital, acquired Williston, Vermont–based iSun and its subsidiaries SunCommon (Waterbury, VT) and Liberty Electric (Salem, NH) following iSun’s bankruptcy. The sale (reported purchase price $10 million) is part of a restructuring and regional growth plan to expand solar, storage and EV charging deployment across northern New England and New York.

HUB International Limited has acquired The Essex Agency, Inc., an independent insurance agency based in Essex Junction, Vermont. The acquisition expands HUB's commercial and personal insurance capabilities in Vermont and strengthens its specialty practices by adding The Essex Agency's team to HUB International New England.

Empowered Ventures, an employee-owned holding company based in Carmel, Indiana, has acquired Benoure Plumbing, Heating & Air Conditioning, a South Burlington, Vermont-based residential and commercial mechanical contractor. The transaction transitions Benoure into Empowered Ventures' ESOP as part of the owner's succession plan and is intended to support continued growth and ongoing employee ownership.

Prince Industries, an HC Private Investments portfolio company, acquired Bradford Machine, a Brattleboro, Vermont-based precision machining firm, to expand Prince’s medical device, aerospace and defense capabilities. The transaction terms were not disclosed; debt financing was provided by Wintrust Financial Corporation, Signature Bank and Midwest Mezzanine Funds, with Winston & Strawn serving as legal counsel and Mirus Capital Advisors advising Bradford.

Dead River Company, a Maine-based heating fuels and propane provider, acquired Bourne's Energy of Morrisville, Vermont effective February 1, 2024. The transaction expands Dead River's service footprint and customer base in Vermont; financial terms were not disclosed.

Bowman Consulting Group Ltd. (Nasdaq: BWMN) has acquired Trudell Consulting Engineers and its wholly owned Vermont Underground Locators subsidiary, a multidisciplinary engineering and utility-locating business based in Williston (near Burlington), Vermont. The acquisition expands Bowman's presence in northern New England and Upstate New York, adds civil/site engineering, surveying and utility locating capabilities, and brings an initial annualized net service billing run rate of roughly $4.5 million.

VC3, a Columbia, South Carolina-based managed IT and cybersecurity services provider, has acquired DominionTech, an IT services provider serving Vermont and New Hampshire. The acquisition expands VC3's presence in New England and adds DominionTech's expertise in fully managed and co-managed IT services, disaster recovery/business continuity, and cybersecurity to VC3's platform.

AMF Holdings, LLC completed a management buyout of US Aircraft Finance, LLC, a national specialist in light aircraft lending and loan servicing. The transaction transfers ownership from the company's shareholders (following the recent passing of founder David Savoie) to AMF Holdings, which will continue USAF's aircraft lending and servicing operations from Richmond, Vermont.

IDEX Corporation agreed to acquire STC Material Solutions, an advanced materials and technical ceramics manufacturer headquartered in St. Albans, Vermont, from Artemis. The transaction (cash consideration of $206 million, subject to adjustments) expands IDEX's material science and manufacturing capabilities and will include STC in IDEX's Health & Science Technologies segment.

Lamoille Health Partners has entered into an agreement to acquire Family Practice Associates, a primary care practice located in Cambridge, Vermont. The acquisition expands Lamoille Health Partners' footprint in Lamoille County and will rebrand the practice as Lamoille Health Family Medicine Cambridge upon closing (expected October 2023).

Spectris plc has signed a purchase agreement to acquire MicroStrain Sensing Systems Business for $37.6 million. MicroStrain, based in Williston, Vermont, reported unaudited revenue of $15.4 million for the year ended June 2022 and will be integrated into Spectris Dynamics to strengthen Spectris' sensor offering and North American presence; the deal is expected to close in the third quarter subject to regulatory approval.

Trinity Hunt Partners, a Dallas-based private equity firm, made a majority investment in Alliance Group, a New England commercial HVAC services provider, to launch a national commercial HVAC platform. Trinity Hunt will support Alliance's growth and scale the business through strategic add-on acquisitions and organic initiatives while Steve Knowles will lead the platform as CEO.

One80 Intermediaries, a Boston-based specialty insurance broker, has acquired Manchester Specialty Programs, a national insurance underwriting and program management firm focused on home care, medical staffing, allied health, and human/social services. The acquisition expands One80’s allied health insurance capabilities and integrates Manchester Specialty’s underwriting, product development, and marketing team into One80’s platform; terms were not disclosed.

Wilson Allen has acquired the Intapp-solutions practice group of Aurora North, adding a 27-member team and specialist methodologies to its Technology Services group. The move expands Wilson Allen's Intapp OnePlace implementation and optimization capabilities across North America and the UK while Aurora North retains its IP software and PracticeLink business.

The Facilities Group, a PE-backed facilities maintenance platform backed by Greenbriar Equity Group and Revolent Capital Solutions, has added JaniTech, a regional janitorial and facility maintenance provider headquartered in Colchester, Vermont. The deal brings JaniTech into TFG’s family of regional providers to expand the platform’s footprint in Vermont and the broader New England market and to provide additional resources and career growth opportunities for JaniTech employees.

Amorepacific Group has entered into a definitive agreement to acquire Tata's Natural Alchemy, LLC (Tata Harper), a Vermont-based luxury clean beauty skincare brand. The deal, expected to close in early Q4 2022, will keep co-founder Tata Harper in a leadership role and aims to expand the brand's footprint in North America, Europe and Asia while leveraging Amorepacific's R&D and distribution capabilities.

Exaktera LLC, a portfolio company of Union Park Capital, has acquired Advanced Illumination Inc., a designer and manufacturer of specialty LED lighting assemblies and drivers for machine vision, industrial imaging and biomedical applications. Terms were not disclosed; Advanced Illumination will continue operating from Rochester, Vermont with John Thrailkill remaining in a leadership role and will be integrated into Exaktera's precision components platform to expand machine-vision illumination capabilities.

Sensata Technologies agreed to acquire Dynapower Company, LLC from private equity firm Pfingsten Partners for $580 million in cash. The acquisition adds Dynapower's energy storage and power conversion manufacturing capabilities to Sensata's Electrification / Clean Energy solutions, supporting Sensata's goal to grow its electrification revenue.

Irwin Naturals Inc. agreed to acquire the assets of Hobie Fuerstman D O PLC, doing business as Preventive Medicine, a ketamine and integrative healthcare clinic based in Colchester, Vermont. The deal, payable in cash and stock and subject to customary closing conditions, expands Irwin Naturals' Emergence clinic roll-up into the Northeast as its eighth clinic acquisition.

Private equity firm Camano Capital has acquired a majority stake in Turtle Fur, the Morrisville, Vermont–based manufacturer and distributor of headwear and outdoor accessories. Founder Richard Sontag will retain partial ownership; the capital infusion is intended to support product expansion and continued brand stewardship in Vermont.

Field Pros Direct (FPD Solutions), a tech-enabled claims service provider, has acquired Dineley Claims Services to expand its claims capabilities and presence in the U.S. Northeast. The deal combines Field Pros Direct's technology platform with Dineley's 20+ years of complex property and commercial claims adjusting expertise to broaden coverage for insurance carriers and MGAs, including CAT and daily claims services.

Best in Class Technology Services (BCTS), a portfolio company of Dunes Point Capital (DPC), has acquired Mountain Air Systems Holdings, Inc., a commercial HVAC aftermarket service provider based in Williston, Vermont. The acquisition is an add-on to BCTS’s platform to expand its commercial HVAC maintenance, repair and project capabilities and regional footprint.

The Hilb Group has acquired Vermont-based Paige & Campbell, Inc. and its subsidiary the Taylor Palmer Agency, expanding Hilb's New England presence and client offerings. Paige & Campbell — headquartered in Barre with additional offices in Bristol, Bradford and Waitsfield — will join Hilb's New England regional operations; Hilb Group is a Carlyle-backed insurance brokerage platform focused on growth through strategic acquisitions.

KORE Power has acquired Northern Reliability (NRI) and launched KORE Solutions, a new division that combines KORE's battery cell manufacturing with NRI's nearly 50 years of energy-storage engineering and project development experience. The deal creates a vertically integrated U.S. energy storage integrator, will add 25 positions in Waterbury, Vermont, and makes NRI's president Jay Bellows President of KORE Power; terms were not disclosed.

EnergyHub has acquired Packetized Energy to integrate Packetized's Nimble platform and advanced load-shaping/grid management capabilities into EnergyHub's Mercury DERMS. The acquisition expands EnergyHub's DER control, managed charging, and multi-DER optimization capabilities and brings Packetized's engineering team into EnergyHub's Burlington, Vermont offices.

The EBNER Group has acquired a majority interest in Hazelett Strip-Casting Corporation, a U.S.-based designer and manufacturer of continuous metal casting machines. The strategic acquisition will allow EBNER to offer complete upstream and downstream process lines for the aluminum, steel, and copper industries by integrating Hazelett’s twin-belt casting technology with EBNER’s heat-treatment and furnace capabilities.

Boston-based Turnstone Ventures has acquired the 50-key The Shire Woodstock in Woodstock, Vermont and will operate the property while undertaking a restoration. Turnstone has hired New York-based Life House, a venture-backed hotel brand and management platform, to operate the property — marking Life House's first hotel in Vermont and its 20th in New England.

NV5 Global, Inc. announced it will acquire Optimal Energy, Inc., an energy-efficiency consulting firm with offices in Vermont and Rhode Island, in a cash-and-stock transaction expected to close before December 31, 2021. The deal expands NV5’s energy efficiency and clean energy consulting capabilities for utilities, state agencies, and regulatory bodies and is expected to be immediately accretive to NV5’s earnings.

OneDigital has acquired Kinney Pike Insurance, a Rutland, Vermont-based independent insurance agency with six locations across Vermont that serves more than 13,000 customers. The acquisition brings 65 Kinney Pike employees into OneDigital and represents OneDigital’s first property & casualty office in the Northeast, expanding its P&C capabilities and New England risk management platform.

iSun, Inc. completed the acquisition of SunCommon, adding a leading residential, community and commercial solar installer to its business for approximately $25.5 million in cash plus 1,810,915 shares of iSun common stock, with additional working capital and employee distributions. The deal positions the combined company as a regional full-service solar installation leader across residential, commercial, industrial and utility-scale markets and supports iSun's East Coast residential expansion strategy.