Acquisitions in Virginia in 2022

Digital Intelligence Systems, LLC (DISYS) has acquired LinTech Global, Inc., a federal prime contract holder that delivers IT and engineering solutions to U.S. defense and civilian agencies. Greenwich Capital Group served as financial advisor to LinTech; LinTech will operate as an independent business division within the DISYS portfolio to expand DISYS' federal workforce, IT and cybersecurity capabilities.

EQT Infrastructure VI has agreed to acquire Madison Energy Investments (MEI) from affiliates of Stonepeak Partners. EQT will provide growth capital and digital/operational support to expand MEI's deployment of distributed solar and energy storage projects across the United States.

Pearson agreed to acquire PDRI (Personnel Decisions Research Institutes, Inc.), a provider of workforce assessment services to U.S. federal government agencies, from SHL for an enterprise value of $190 million. SHL described the sale as a strategic divestiture aligned with its shift toward commercial SaaS solutions; completion was expected in H1 2023 and the transaction closed in March 2023. The acquisition expands Pearson’s workforce assessment capabilities and its position in the U.S. government and public-sector assessment market.

Ensurise, LLC acquired Abby Insurance Agency (effective December 16, 2022), bringing the Franklin, Virginia independent property & casualty brokerage into Ensurise’s Mid‑Atlantic agency network. Abby Insurance Agency will continue operating from its Franklin office as Ensurise expands its footprint and capabilities in Virginia.

TrueLearn has acquired APEX Anesthesia Review, a provider of high‑stakes exam preparation for Student Registered Nurse Anesthetists (SRNAs) and continuing education for Certified Registered Nurse Anesthetists (CRNAs). The deal expands TrueLearn’s healthcare education platform into the nurse anesthesia market and adds APEX’s exam‑prep and CE capabilities to TrueLearn’s analytics‑driven learning products.

Wind River Environmental, a Gryphon Investors–backed environmental services platform headquartered in Marlborough, Massachusetts, has acquired Church View Septic Services, Inc., a longtime septic and wastewater services provider in Urbanna, Virginia. The add-on expands Wind River's footprint into central Virginia and brings Church View's residential, commercial and municipal customer base and local operations into Wind River's network.

Security On-Demand, with backing from Nautic Partners, has acquired Booz Allen Hamilton’s commercial Managed Threat Services (MTS) business and combined it with its operations under the new brand DeepSeas. The combined organization will offer advanced managed detection, threat intelligence, and incident response services to mid-market and enterprise clients, and Booz Allen will remain a strategic collaborator for federal work.

Highstreet Insurance Partners (HSIP), a Traverse City, Michigan-based insurance consolidator, has acquired Alexandria, Virginia-based Clarke & Sampson Insurance, a third-generation independent insurance agency founded in 1946. The acquisition expands Highstreet's local capabilities and specialty offerings (including political, trade union and nonprofit coverage) as part of its ongoing roll-up strategy.

IBM announced an agreement to acquire Octo, a Reston, Virginia-based IT modernization and digital transformation services provider serving the U.S. federal government. The deal, in which Arlington Capital Partners is selling Octo, will bring roughly 1,500 Octo employees into IBM Consulting's U.S. public and federal market organization to expand IBM's federal capabilities.

Investcorp, together with Public Sector Pension Investment Board (PSP Investments), acquired a majority stake in CrossCountry Consulting in a recapitalization transaction; RLH Equity Partners reinvested and CrossCountry founders remain significant shareholders. The capital injection is intended to accelerate CrossCountry's geographic expansion, broaden service offerings (including technology-enabled advisory and cybersecurity), and support add-on acquisitions.

Growth Street Partners has made a minority growth equity investment in goHappy, a Richmond-based provider of frontline employee communication and engagement SaaS. The capital will be used to expand goHappy's platform and accelerate its market leadership across restaurants, hospitality, retail, senior living, manufacturing and logistics customers.

One GI, a Nashville-based gastroenterology management services organization backed by Webster Equity Partners, has partnered with The Colon, Stomach & Liver Center (CSL) and Loudoun Endoscopy Group in Lansdowne, Virginia, including the Loudoun Endoscopy Center. The agreement expands One GI’s Eastern U.S. footprint and brings capital and management resources to support growth and high-quality community-based GI care.

RegScale, a Tysons Corner-based GRC software company, acquired GovReady, an open-source Compliance-as-Code platform, to strengthen its NIST OSCAL-enabled governance, risk and compliance offering. GovReady’s leadership and engineering team — including CEO Elin — will join RegScale’s R&D organization to accelerate OSCAL and Compliance-as-Code capabilities.

Modera Wealth Management expanded into Northern Virginia by acquiring the Bernhardt Wealth Management team in November 2022. The entire Bernhardt team (including Gordon Bernhardt, Tim Koehl and Solon Vlasto) joined Modera to strengthen Modera’s fee-only wealth management footprint and client service capabilities in Virginia.

C3 Integrated Solutions and Steel Root have merged to create a CMMC-centric managed services provider for the U.S. Defense Industrial Base, with a substantial equity investment from M|C Partners. The combined business will operate under the C3 Integrated Solutions name and expand end-to-end CMMC, Microsoft GCC High, and managed cybersecurity capabilities for government contractors.

Municipal Emergency Services (MES), a Platte River Equity portfolio company, has acquired Interstate Rescue, LLC, a regional reseller and service provider of rescue equipment and apparatus serving Virginia and West Virginia. The deal expands MES’s product and service offerings and strengthens its geographic presence in Virginia and West Virginia.

Seidler Equity Partners made a minority growth investment in GP3 Partners, a bipartisan public affairs and strategic advisory firm formed from a merger of leading political consulting and advertising firms. The capital will support GP3's continued roll-up strategy, scaling of services and talent acquisition as the firm pursues further expansion across additional cities and clients.

Southern Home Services (Southern HVAC Corporation) has acquired M.E. Flow, Inc., a third-generation, family-owned HVAC and plumbing services provider serving northern Virginia and parts of West Virginia. The deal is an add-on to Southern's multi-brand home services platform and is intended to expand Southern's mid-Atlantic presence while investing in technology, training and resources for the ME Flow team.

Cadmus has acquired Wheelhouse Group, a change management and organizational transformation consultancy. The deal adds Wheelhouse's nearly 100 consultants and capabilities in organizational change management, stakeholder engagement, and workforce transformation to expand Cadmus' Strategy & Transformation offerings and federal footprint.

Sealed Air Corporation (NYSE: SEE) has signed a definitive agreement to acquire Liquibox, a global manufacturer of bag‑in‑box liquid packaging and dispensing solutions, from Olympus Partners for $1.15 billion. The deal broadens Sealed Air’s Cryovac fluids & liquids portfolio, targets cost synergies and geographic expansion, and is expected to close subject to regulatory approvals in early 2023.

Kensing, a One Rock Capital Partners portfolio company, completed the acquisition of Evonik's Hopewell, Virginia amphoteric surfactants and specialty esters manufacturing operations. The add-on expands Kensing's plant-based surfactant and ester product portfolio, strengthening its position in the personal care and home care markets.

DMI, a Bethesda-based digital transformation services firm and portfolio company of OceanSound Partners, has acquired The Ambit Group LLC, a provider of data analytics, cybersecurity, and mission support services to U.S. federal agencies. The deal strengthens DMI's capabilities and contract portfolio in federal civilian and defense markets; terms were not disclosed.

MediQuant, a provider of enterprise data archive technology for healthcare, has completed the acquisition of Knowledge Based Systems, Inc. (KBS), a Dulles Technology Corridor–based company and creator of the KB_SQL product. The tuck-in purchase expands MediQuant's data management capabilities and opens additional channels and markets for its DataArk platform and related offerings.

TELUS International has entered a definitive agreement to acquire WillowTree, a Charlottesville-based digital product consultancy, for a total enterprise value of US$1.225 billion. The acquisition, in which majority stakeholder Insignia Capital Group will sell its stake, expands TELUS International’s digital design and engineering capabilities, client roster and onshore/nearshore delivery footprint; the deal is expected to close in January 2023 subject to customary conditions.

rockITdata has acquired Pharos Group, Inc., a Stafford, Virginia-based performance excellence consultancy. The acquisition adds 40+ consulting professionals and combines Pharos' strategy, workforce development, and operational excellence capabilities with rockITdata's AWS- and Salesforce-focused cloud and contact center solutions to expand capability and public sector offerings.

SilverEdge Government Solutions, a Godspeed Capital-backed platform, has partnered with/acquired Counter Threat Solutions (CTS), bringing CTS’ all-source and counterintelligence analysis, identity intelligence, enterprise IT, and software development capabilities into the SilverEdge platform. The deal adds more than 100 cleared technical and mission support staff to SilverEdge’s team (bringing the platform's cleared workforce to ~450) and strengthens its mission-focused offerings to the U.S. Intelligence Community and select Department of Defense customers.

Dorsett Controls has acquired Sunapsys, Inc., a Vinton, Virginia-based systems integrator specializing in controls and information systems for the water and wastewater market. The combined business will operate under the Dorsett Controls name and expand Dorsett's product portfolio and regional footprint across multiple states, offering broader SCADA and control-system solutions to municipalities, manufacturers and OEMs.

HomeTown Ticketing, a Nexa Equity–backed digital ticketing provider, has acquired Ticket Spicket, a Virginia-based K–12 focused digital ticketing platform. The add-on expands HomeTown’s product capabilities and U.S. geographic reach, creating a combined community-focused ticketing platform serving thousands of schools, associations and events.

FalconTek, a Service-Disabled Veteran-Owned Small Business federal contractor headquartered in Herndon, Virginia, has acquired Core Mission Solutions LLC (CMS), a language and intelligence analysis provider based in Ashburn, Virginia. The acquisition brings CMS' cleared language, cultural advisory, intelligence analysis, and training capabilities into FalconTek to expand its support for the Department of Defense, intelligence community, and federal law enforcement customers.

Farragut Capital Partners has closed a growth investment (subordinated debt) in Parry Labs, LLC to support the company's continued growth and working capital needs. Parry Labs, an Alexandria, Virginia–based edge technology systems integrator serving defense and commercial aviation markets, will use the financing to invest in products and capabilities and scale its operations.

Moore has acquired Communications Corporation of America (CCA) to strengthen its direct mail supply chain across printing, production and envelope manufacturing in the mid-Atlantic region. CCA, a Northern Virginia direct-mail and data-processing provider, will be branded as a Moore company; financial terms were not disclosed.

Mollitiam Holdings, a Florida-based private equity group, made a strategic majority investment in Extreme Crane & Rigging (Extreme Crane) to recapitalize the business and provide capital for fleet and service expansion across the Mid-Atlantic. Extreme Crane, headquartered in Manassas, Virginia, will use the investment to add equipment and grow its operations in Virginia, DC, Maryland and parts of West Virginia.

Inspire Aesthetics, a portfolio company of Hidden Harbor Capital Partners, has acquired Plastic Surgery Center of Hampton Roads, adding Newport News and Williamsburg locations to its Southeast plastic surgery and aesthetics platform. Gladstone Capital Corporation provided financing for the transaction; the practice’s surgeons will remain with Inspire following the deal.

OneDigital has acquired GHC Associates, Inc., a benefits brokerage and HR consulting firm based in Alexandria, Virginia. The deal expands OneDigital's benefits capabilities and regional presence in the DC–Maryland–Virginia market, transitioning over seventy client groups onto the OneDigital platform.

SilverEdge Government Solutions, backed by Godspeed Capital Management, has acquired QVine LLC to add the company's SOAR software development platform and software engineering capabilities to SilverEdge's offerings for the U.S. Defense and Intelligence Communities. QVine's leadership will remain in place and co-invest in the transaction, expanding SilverEdge's SaaS, AI/ML, and cloud capabilities for intelligence customers.

AssuredPartners, Inc., a national insurance brokerage headquartered in Orlando, Florida, has acquired Quest Benefits, Inc., an employee benefits and insurance agency based in Chantilly, Virginia. The Quest team will remain led by President Sami Satouri as AssuredPartners expands its capabilities and client offerings in the DC–Maryland–Virginia (DMV) area.

CIBT acquired Speedyegger Document Services, Inc., a document authentication and legalization specialist based in Alexandria, Virginia. The deal expands CIBT's document and legalization services portfolio and adds Speedyegger's client relationships and expertise to CIBT's global platform.

EyeCare Partners, a national operator of ophthalmology and optometry practices, has acquired Retina Institute of Virginia, a retina-focused ophthalmology group with two primary offices and three satellite locations in central Virginia. The transaction will integrate Retina Institute of Virginia into EyeCare Partners’ national network, providing the practice with expanded access to clinical research trials and advanced training opportunities.

QED Investors has increased its ownership of Lingua Franca Search, a boutique retained executive search firm that places talent in fintech and financial services roles. The acquisition brings LF Search more fully into QED's portfolio to provide an internal capability for recruiting critical hires while LF Search will continue serving external clients.

EyeCare Partners has acquired Commonwealth Eye Care Associates (CECA), a two-location ophthalmology practice in Henrico, Virginia. Capstone Partners advised CECA on the sale as the practice joins EyeCare Partners’ national network to expand clinical resources and operational scale.

Quorum, a Serent Capital–backed public affairs software company, has acquired Capitol Canary (formerly Phone2Action) to combine Quorum’s integrated suite with Capitol Canary’s grassroots advocacy and digital mobilization tools. The deal expands Quorum’s product capabilities and client base—bringing the combined company to over 2,000 clients and a combined team of 336—and Capitol Canary co-founder Jeb Ory will join Quorum’s board.

Choice Financial Group, a PE-backed insurance agency consolidator, has acquired Parker Reigle Insurance Agency of Chesapeake, Virginia. The deal is an add-on to Choice’s platform (backed by Northlane Capital Partners) intended to expand Choice’s presence in southeastern Virginia while keeping founder June Reigle in an operational role.

Global Partners LP acquired Tidewater Convenience, Inc.'s 15 convenience-store locations (14 company-operated) in Southeast Virginia, expanding the Partnership's retail footprint in the mid-Atlantic. Matrix Capital Markets Group served as exclusive financial advisor to the seller.

Caymus Equity Partners LLC has acquired Seneca Resources, an IT staffing and consulting firm headquartered in Reston, Virginia. The investment (Caymus' second from Fund II) will provide capital to support Seneca's expansion into new industry verticals and geographies and to pursue strategic acquisitions.

Sterling Investment Partners, in partnership with Xylem management (Randolph and Benjamin Hoover), has acquired Xylem, Inc. and combined it with Sterling's existing portfolio company Kendall Vegetation Services to form a larger vegetation management platform. The combined business — led by Co‑CEOs Randolph Hoover and Robert Williams — employs over 2,000 people, operates in 20+ states, and will expand vegetation management and emergency storm response capabilities across the eastern seaboard, Gulf states and beyond.

UST HealthProof, a UST company, has signed a definitive agreement to acquire Advantasure, a healthcare technology and business-process services provider focused on government healthcare programs. The acquisition will expand UST HealthProof's capabilities into risk and quality management and broaden its BPaaS offerings for health plans and provider organizations, with Advantasure continuing to operate under its current name from offices in Glen Allen, Virginia and Southfield, Michigan.

Bottomline has acquired Nexus Systems, a provider of accounts payable and payments automation software for the real estate and property management industries. The deal—from prior investor Mainsail Partners—will fold Nexus capabilities and suppliers into Bottomline's Paymode‑X network to extend procure‑to‑pay and B2B payments capabilities across the real estate vertical; terms were not disclosed.

SkyePoint Decisions, Inc. has acquired SNR Government IT Services LLC (SNR GITS), a subsidiary of Arrowpoint Corporation, including DLA JETS, Army RS3, and Army ITES-3S contract vehicles. The purchase expands SkyePoint's IT and cybersecurity capabilities and establishes SNR GITS as SkyePoint's Defense-sector arm and prime-contractor capability for Department of Defense customers.

Celerium Inc. has acquired Dark Cubed to expand its active cyber defense capabilities. The deal integrates Dark Cubed's automated, SaaS-based network defense — used by SMBs and DoD contractors through MSP partners — into Celerium's Cyber Defense Network to accelerate product development and market reach.

Wealthcare Capital Management LLC, a NewSpring Holdings platform company, acquired Fellows Financial Group, an independent financial advisory firm based in Leesburg, Virginia. The acquisition expands Wealthcare's presence in the direct advisory channel, adds employee advisors and clients, and provides a succession plan for Fellows Financial's founder while deepening operational alignment with Wealthcare's platform and technology.