Acquisitions in Vermont in 2022

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.