Acquisitions in Washington in 2022

An affiliate of Peak Rock Capital has completed the acquisition of Seagull Scientific, the Bellevue, Washington–based developer of the BarTender labeling, barcode and RFID software platform. Peak Rock said it will support Seagull’s growth plan by accelerating the product roadmap and pursuing strategic acquisitions to expand the company’s capabilities and market reach.

Senske Services, a regional provider of subscription-based residential lawn, tree, and pest services, has acquired DesertGreen, a lawn, tree, and pest control company headquartered in Richland, Washington. The acquisition, led by Senske, adds density to its Tri-Cities presence and brings DesertGreen's customers and employees into the Senske platform.

GTCR made a strategic growth investment in Senske Services, a multi-state provider of recurring residential and commercial lawn care, pest control, and tree services. GTCR is partnering with industry operators Casey Taylor and Nathan Hurst, who are joining as Co-CEOs, to fund acquisitions and organic growth as Senske pursues national expansion.

DTG Recycle announced the acquisition of substantially all assets of 1 Green Planet, an electronics recycling and IT asset disposition provider based in Renton, Washington. The deal expands DTG's service offering into certified electronics recycling and secure data destruction, and DTG said it will integrate 1 Green Planet employees and leverage its facility network to broaden e-waste access across the Puget Sound region.

Ryan Specialty (NYSE: RYAN) signed a definitive agreement to acquire certain assets of Griffin Underwriting Services, a Bellevue, Washington-based binding authority specialist and wholesale insurance broker. The deal expands Ryan Specialty's specialty offerings in the Pacific Northwest and strengthens its national binding authority capabilities; Griffin generated about $23 million of revenue for the 12 months ended November 30, 2022.

DTG Recycle has acquired substantially all assets of Randy-Kan, a portable restroom provider based in Poulsbo, Washington, expanding DTG's portable sanitation footprint on the Kitsap Peninsula. The deal is DTG Recycle's first acquisition since the company was purchased by a fund managed by Macquarie Asset Management on December 1, 2022.

GTY Technology Holdings Inc., a GI Partners portfolio company, has acquired DemandStar and will merge the business into GTY’s Bonfire eProcurement unit. The deal expands GTY/Bonfire’s public-sector sourcing footprint—together the combined business will serve roughly 1,900 state and local buying agencies and access a network of about 500,000 suppliers—to broaden eProcurement capabilities and supplier outreach for government buyers.

The Universal Group, a CAI Capital Partners portfolio company, has acquired Advanced Traffic Control (ATC), a traffic control services provider based in Auburn, Washington. CAI and co-investors BDC Capital, Roynat Equity Partners and Frind Enterprises backed the transaction as equity co-investors; debt financing was provided by Bank of Montreal, CIBC and Scotiabank. This marks Universal's first U.S. acquisition as part of a contiguous Pacific Northwest expansion, and ATC's founders will remain in leadership and as shareholders.

Wolfe, LLC has acquired Give InKind, a Tacoma-based social giving platform, through a wholly-owned subsidiary. The acquisition will allow Give InKind to leverage Wolfe's gift-card fulfillment, card-to-card gifting technology, and marketing capabilities to expand its platform and offer employee-support solutions to Wolfe's enterprise clients. Financial terms were not disclosed.

A fund managed by Macquarie Asset Management has completed the acquisition/recapitalization of DTG Recycle from Clairvest and other shareholders. DTG management (CEO Tom Vaughn and Chief Development Officer Dan Guimont) will retain ownership stakes and continue to run the business as MAM supports the company’s next stage of growth and geographic expansion across the Pacific Northwest.

Marsh McLennan Agency (MMA), a business of Marsh McLennan, has acquired McDonald Zaring Insurance, a full-service agency based in Walla Walla, Washington. All 19 McDonald Zaring employees will join MMA as part of a newly created MMA office in Walla Walla; terms were not disclosed.

Salt Creek Capital, a San Francisco Bay Area private equity firm, has acquired Diamond Nets, Inc., a specialty netting manufacturer headquartered in Everson, Washington. The transaction represents an ownership transition from long-time owners Les Powers and John Neal to Salt Creek, which plans to grow the business under incoming CEO Chris Dunn.

One80 Intermediaries, a specialty insurance broker and program manager, has acquired instaCOVER, a Kirkland, Washington-based insurance agency and web-based point-of-sale insurance platform. The acquisition expands One80's capabilities in financed and rental equipment insurance and adds insurtech functionality for channel partners and funders; terms were not disclosed.

Sier Capital Partners (through an affiliate) made a growth investment in US Electric, a Seattle-based provider of marine electrical repair and maintenance services. The capital will support US Electric’s management team and operating partner Chris Tarrach to scale operations, invest in resources and expand the company’s service reach along the West Coast.

Funds managed by Greenbriar Equity Group completed a majority recapitalization of RANDYS Worldwide Automotive, with existing investor Tailwind Capital and management reinvesting and Tailwind retaining an equity stake. The transaction will support RANDYS' accelerated growth plans—including new technology, expanded product development, and selective add-on acquisitions—while CEO Kevin Kaestner remains in place at the company's Everett, Washington headquarters.

Colorado Barricade Co., a Caymus Equity-backed road safety services platform, acquired Pavement Surface Control, Inc. (PSC), a Kennewick, Washington-based provider of pavement striping, concrete barrier and traffic control services. The deal — an inaugural add-on for Colorado Barricade since Caymus Equity's 2021 investment — expands the platform's geographic footprint into the Pacific Northwest to capture increased state and federal infrastructure spending.

Environ Energy has acquired Scope 5, a Seattle-based carbon tracking and sustainability analytics platform, to expand its energy management and ESG service offerings. The acquisition was completed with support from growth capital investor 424 Capital; Scope 5 will operate as a division within Environ and continue to provide its carbon-tracking platform to enterprise clients.

Harbor Foodservice, a family-owned independent distributor based in Kent, Washington, has acquired NW Foodservice Distribution, a Longview, Washington-based broadline foodservice distributor that serves Southwest Washington and Northwest Oregon. The acquisition expands Harbor's presence in the Pacific Northwest and strengthens its local distribution capabilities for restaurants, convenience stores, schools and other foodservice customers.

Tenth Avenue Holdings, LLC has acquired Oughton, an equestrian‑inspired handcrafted luxury leather goods and accessories brand headquartered in Bingen, Washington. Melissa Hubbard was named CEO to lead a relaunch; Oughton products are manufactured in Argentina and sold direct‑to‑consumer at oughton.com and through tack shops across the United States.

Vista Equity Partners completed a $93.50-per-share cash acquisition of Avalara, Inc., a cloud-based tax compliance software provider, in an all-cash buyout. The transaction takes Avalara private and will enable the company to accelerate product innovation and global expansion with Vista's software-focused operating expertise.

Unified Women's Healthcare has acquired Gennev, a leading digital menopause care platform, to expand its menopause and women's health capabilities across the U.S. Financial terms were not disclosed; the acquisition will integrate Gennev's telehealth network of OB-GYNs, dietitians and health coaches with Unified's affiliated provider network.

ServiceNow has agreed to acquire Seattle-based observability and log management startup Era Software to integrate its log management capabilities into ServiceNow’s Lightstep observability offering. The acquisition strengthens ServiceNow’s unified telemetry strategy by combining logs, metrics, and traces into a single enterprise-scale solution; terms were not disclosed and the deal closed in Q4 2022.

DexCare, a Seattle-based healthcare access technology company, has acquired Womp, Inc., the eCommerce and online merchandising technology firm behind WompHealth and WompMobile. The acquisition adds a proven digital storefront and mobile performance capabilities to DexCare’s Digital Discovery Solutions to improve patient digital discovery, booking and mobile experiences; Womp’s brands will remain independent subsidiaries and Womp CEO Madison Miner and his team join DexCare.

Atlas Holdings has completed the acquisition of Crown Paper Group, including Port Townsend Paper Corporation and Crown Corrugated Company. The deal brings an integrated containerboard mill, converting facilities and distribution centers in the U.S. Pacific Northwest and Western Canada into Atlas's portfolio as the firm seeks to strengthen its paper, packaging and distribution capabilities in the region.

Absolute Performance, Inc. (an existing Seaside Equity portfolio company) has acquired Network Design & Management, Inc. (NDM), a provider of managed security and managed IT services. The add-on expands API's managed services platform by adding managed security/MSSP capabilities to better serve mid-market and enterprise clients across the United States.

SOCOTEC Consulting, Inc., the U.S. arm of global TIC provider SOCOTEC, has completed the acquisition of Trinity | ERD, an architecture and engineering firm specializing in building envelope consulting, forensic investigation, and litigation support. The deal expands SOCOTEC's U.S. footprint with Trinity's offices in Seattle, Honolulu and New Orleans and strengthens its technical services capabilities for existing buildings and forensic engineering.

Homepage Universe Inc., a Los Angeles-based hosting operator, has acquired VPS Network Group ("VPS Net") from Cloud Equity Group in a full exit for the private equity firm. VPS Net is an international virtualization and bare-metal cloud hosting provider (including brands such as Virpus) and the deal is intended to expand Homepage Universe's virtualization capabilities across multiple technology stacks and geographies. Terms were not disclosed.

Pod Pack International, a portfolio company of LongueVue Capital, has completed a combination with Joe's Garage Coffee. The deal expands the combined platform's product and service capabilities, manufacturing capacity, and geographic footprint to better serve retail, e-commerce, foodservice and other channels.

Hub International Limited acquired the assets of Guide Insurance Services, Inc., a small insurance agency with offices in Lynden, Colville and Republic, Washington. The owners Joel Kok and Brett Kok and the Guide team will join Hub Northwest; terms were not disclosed.

Aromas, California-based Fireclay Tile has acquired Spokane Valley-based Quarry Tile Co. as part of a more than $26 million investment to expand its products and manufacturing capabilities. The deal adds Quarry’s 122,000-square-foot facility (capable of 7 million sq ft/year) and its ~82 employees to Fireclay, boosting combined manufacturing capacity to over 10 million square feet annually; several Quarry leaders will remain with the combined business.

White Cap L.P. has acquired Valley Supply Company, a Washington-based construction materials supplier with six locations across the state. The acquisition expands White Cap’s Northwest region footprint and adds local branch presence and expertise to serve contractors in the Puget Sound and Central Washington markets.

RealPage, a provider of property management software and data analytics, has agreed to acquire Knock CRM, a Seattle-based CRM and front-office technology provider for the multifamily industry. The acquisition will combine Knock's CRM suite with RealPage's AI, yield management and property management platform to create a connected front-office operating platform; financial terms were not disclosed.

Point B, a Seattle-based global consulting firm, has acquired Sustainable Business Consulting (SBC), an ESG-focused sustainability consultancy founded in Seattle in 2004. The acquisition expands Point B’s ESG capabilities across climate action, supply chain risk, ESG reporting, regulatory compliance and integrated strategy, and brings SBC’s talent and client relationships into Point B’s ESG practice.

Atlanta-based private equity firm Eagle Merchant Partners has invested in Puget Collision, a group operating 19 auto collision repair shops under the CARSTAR and Fix Auto franchise systems in the Pacific Northwest. The investment provides capital and resources to support Puget Collision's rollout and a roll-up strategy as Eagle and owner Joe Morella pursue add-on acquisitions in the region.

TruckPro, LLC acquired Drivelines NW, Inc., a Washington-based driveline repair and parts dealer, in a transaction that closed August 31, 2022. Generational Equity advised Drivelines NW on the sale; the acquisition expands TruckPro’s heavy-duty parts and service footprint in the Pacific Northwest.

CoreStack, a Bellevue-based multi-cloud governance provider, has acquired Optio3, an AI-powered operations management company headquartered in Seattle. CoreStack will acquire Optio3's technology, IP, and team (with Optio3 co-founder Sridhar Chandrashekar joining CoreStack as Chief Digital Officer) to accelerate its NextGen cloud governance capabilities across FinOps, SecOps, and CloudOps.

Accenture has completed the acquisition of Inspirage, an integrated Oracle Cloud specialist focused on supply chain management. The deal adds Inspirage's Oracle supply chain expertise and roughly 710–736 employees to Accenture's Oracle Business Group to bolster its digital supply chain, touchless supply chain and digital twins capabilities.

Oakland-based Common Future has acquired Seattle-based Community Credit Lab, which will continue to operate as an affiliated entity under Common Future. The deal brings CCL's community-first lending design, loan management and capital facilitation capabilities into Common Future to expand capacity for community-driven capital deployment and broaden efforts to shift power and capital to historically excluded communities.

Cadrex Manufacturing Solutions, a CORE Industrial Partners portfolio company, has acquired IDL Precision Machining, a Mukilteo, Washington-based manufacturer of complex precision CNC components and assemblies serving aerospace & defense and industrial end markets. The transaction is an add-on to the recently relaunched Cadrex platform and expands the platform's precision machining capabilities and footprint in the Pacific Northwest.

Envoy has acquired Seattle-based workplace management startup Worksphere and brought the Worksphere team into Envoy’s product organization to accelerate development of an enterprise-ready workplace platform. The move strengthens Envoy’s capabilities for large, complex customers by adding expertise in scalability, design, and workplace features such as desk/room booking, visitor check-in and analytics.

ParkSouth Ventures, in partnership with Gemini Investors, made a strategic growth investment in Bear Group to accelerate the company's organic expansion and support acquisition-led growth. Bear Group is a Seattle-based provider of website and e-commerce development solutions (Adobe Commerce, Shopify, Drupal) founded in 2007 with roughly 30 employees; financial terms were not disclosed.

Roche has entered into a definitive merger agreement to acquire Good Therapeutics, a Seattle-based privately held biopharmaceutical company, for an upfront $250 million plus milestone payments. The deal gives Roche rights to Good Therapeutics' conditionally active PD-1-regulated IL-2 program and an exclusive right to the platform for developing PD-1-regulated IL-2 receptor agonists; the transaction is expected to close in Q3 2022 subject to HSR clearance.

Bell Lumber & Pole Co. has acquired the assets of The Oeser Company, a family-owned utility pole manufacturer and treated-wood products supplier based in Bellingham, Washington. The asset purchase expands Bell’s manufacturing footprint and strengthens its presence in the Pacific Northwest while preserving ongoing operations and jobs at the Bellingham plant.

Evolv, Inc. (via its Evolv St. Louis office) completed a capital investment and acquisition of 253 Payment Pros, a merchant services/ISO business based in Kirkland, Washington. The deal brings 253 Payment Pros' merchant base and independent sales network into Evolv's platform and will integrate Evolv's digital marketing solutions to drive revenue growth across the western United States.

Tanknology, a portfolio company of Hamilton Robinson Capital Partners, has acquired Norton Corrosion Limited (NCL), a Washington-based provider of corrosion inspection, engineering services and corrosion-control product manufacturing. The deal expands Tanknology’s corrosion prevention capabilities and service footprint, enabling nationwide deployment of Norton’s solutions and broader access to petroleum, utility and industrial customers.

Balchem Corporation has acquired Cardinal Associates Inc., which does business as Bergstrom Nutrition, the leading manufacturer of OptiMSM (methylsulfonylmethane) based in Vancouver, Washington. The acquisition expands Balchem’s specialty, science-backed nutrition and mineral product portfolio by adding Bergstrom’s MSM capabilities and global market presence.

Össur has acquired Naked Prosthetics, a US-based maker of custom finger and partial-hand prostheses, effective August 26, 2022. The purchase expands Össur's upper-limb product offering and strengthens its position in the prosthetics market globally; Naked Prosthetics is based in Olympia, Washington and employs around 70 people.

Litigation Services, a national litigation support firm based in Las Vegas, has acquired Central Court Reporting & Video, a Seattle-headquartered court reporting firm with six locations across Washington. The acquisition, effective immediately, is part of Litigation Services' strategic expansion into the Pacific Northwest and will extend the buyer's national court reporting and litigation support coverage.

Mangrove Equity Partners announced the sale of RC Rasmussen Corporation, a Seattle-based provider of specialty marine infrastructure rental solutions, to CenterGate Capital. The transaction facilitated the fourth-generation Rasmussen family’s exit and transfers ownership to CenterGate after Mangrove and partner Hunter Equity Capital rebuilt management, expanded east-coast relationships and modernized operations.

Air Pros USA has acquired CM Heating, a residential HVAC company serving Snohomish, South Skagit and North King County in Washington, to expand its local presence and add multiple service locations across the state. CM Heating will continue operating under its brand while being integrated operationally and commercially into the Air Pros USA platform; the sell-side was represented by Meridian Capital.