Acquisitions in Washington in 2018

Fremont-Wright LLC has acquired Harmsen & Associates, Inc., a civil engineering and land surveying firm based in Washington state. The buyer intends to integrate Harmsen's surveying, land-use planning and civil engineering capabilities into its national platform to expand service offerings and geographic coverage.

Thompson Street Capital Partners (TSCP), a St. Louis-based private equity firm, has partnered with management to acquire Seattle-based LifeSpan Biosciences, Inc. (LSBio), a developer and e‑commerce distributor of antibodies, kits, proteins and related reagents for academic and pharmaceutical research. TSCP said it will support LSBio's strategy to expand its catalog and capabilities organically and via targeted acquisitions; terms were not disclosed.

Physical Rehabilitation Network (PRN), a privately held therapy network, has acquired Highline Physical Therapy, adding five outpatient clinics and one inpatient setting in South King County, Washington. The acquisition expands PRN’s Washington footprint to 15 outpatient clinics and one inpatient clinic and secures continuity of care under PRN’s regional leadership while preserving the Highline team and brand values.

Montlake Capital completed a recapitalization and strategic investment in Fast Water Heater Company, a Bothell, Washington-based provider of residential and commercial water heater and plumbing services. The transaction will provide growth capital and strategic guidance to scale the business while keeping Jason Hanleybrown in his role as CEO.

Mitchell International, a San Diego–based provider of claims technology and data solutions, has acquired Medical Consultants Network (MCN), a national independent medical exam (IME) and physician peer review services provider founded in Seattle. The acquisition expands Mitchell’s medical management capabilities by integrating MCN’s national provider network and IME/peer review services with Mitchell’s bill review and claims analytics to better serve payors and P&C/customers.

Digital Intelligence Systems, LLC (DISYS), a global managed staffing and IT services firm based in McLean, Virginia, agreed to acquire the assets and business of Xtreme Consulting Group, a Kirkland, Washington–based talent and IT solutions provider. The acquisition (expected to close by May 11, 2018) adds technical test administration and an online training platform to DISYS’s capabilities, brings roughly 50 new clients and over 550 employees, and expands DISYS’s national coverage and service offerings.

North American Fur Auctions (NAFA) has acquired American Legend Cooperative (ALC), a U.S.- and Canada-focused agricultural marketing cooperative that processes, markets and sells fur pelts and products. The deal unifies major North American fur industry participants to increase scale and volume, with the combined entities expected to strengthen pricing stability for member patrons.

SCI Solutions has acquired DatStat to combine its patient access and care coordination software with DatStat's digital patient engagement and clinical research data-collection tools. The acquisition creates an integrated patient access and engagement offering for providers and research institutions, with the combined company headquartered in Seattle. Financial terms were not disclosed.

Zix Corporation has acquired Seattle-based Erado, a provider of unified archiving, supervision, eDiscovery and analytics, to expand Zix’s cloud-based archiving, compliance and messaging solutions—particularly for regulated financial services customers. Erado serves more than 18,000 customers and the acquisition is expected to add approximately $1.5 million in subscription revenue in 2018 while enabling broader compliance and multi-channel archiving capabilities for Zix’s customer base.

Unum, the Chattanooga-based benefits solutions provider, has acquired LeaveLogic, a Seattle startup that operates a parental leave management platform. LeaveLogic will continue to operate independently with its five-person team as Unum combines its absence-management capabilities with LeaveLogic's intake and employee self-service technology; terms were not disclosed.

Machinists Inc. acquired all assets of The Gear Works, a Seattle-based precision gear manufacturer and gearbox repair specialist. The acquisition expands Machinists Inc.'s capabilities in major gearbox repair and precision gear machining and doubles its manufacturing space to support larger and more diverse projects.

Oklahoma City-based M-D Building Products has acquired the assets of Seattle-based Morse Industries, a family-run manufacturer of railings, shower enclosures and architectural metals. The acquisition adds three distribution facilities, expands M-D's aluminum and vinyl extrusion capabilities and broadens its product portfolio and geographic reach across North America, Europe and the Pacific Rim.

DXP Enterprises, Inc. (NASDAQ: DXPE) has completed the acquisition of Application Specialties, Inc. (ASI), a cutting tools and industrial supplies distributor headquartered in Auburn, Washington. ASI generated approximately $37.0 million in sales and $2.9 million of adjusted EBITDA and will provide DXP with three new Pacific Northwest locations and added tooling/grinding capabilities; the acquisition was funded with cash on DXP's balance sheet.