Acquisitions in West Virginia

MAI Capital Management acquired LOC Investment Advisers, a fee-only RIA with offices in Hurricane, West Virginia and Jupiter, Florida, adding approximately $759 million in AUM and more than 800 client households. The deal closed effective February 13, 2026; LOC founders Robert O'Dell and David Lanham will remain involved to support continuity and succession, and LOC Managing Director Sean Mayberry will become Senior Wealth Advisor & Team Leader.

Guild Garage Group has completed a partnership (add-on acquisition) with Varney Door Company, a family-owned residential garage door service provider headquartered in Barboursville, West Virginia. The deal is Guild's 25th acquisition since launching in 2024 and will allow Varney Door to retain management while accessing Guild's operational resources and partial liquidity options for the owners.

Guardian Alarm, a Southfield, Michigan–based full-service security company, has acquired National Central Alarm Systems, a Huntington, West Virginia–based security provider established in 1949. The acquisition expands Guardian Alarm's footprint into West Virginia and brings Guardian's monitoring technology, resources, and service capabilities to National Central Alarm Systems' residential and commercial customers.

All Surfaces, a leading U.S. flooring distributor based in Bloomington, Minnesota, has acquired Abraham Linc, a family-owned Mid-Atlantic flooring wholesaler headquartered in Bridgeport, West Virginia. The acquisition expands All Surfaces' geographic footprint across 11 new states and increases its combined network to 48 locations covering 28 states, enhancing distribution capabilities and product selection.

Walgreens has acquired Fruth Pharmacy, a small West Virginia-based chain operating roughly a dozen community pharmacy locations, after the independent retailer cited pressure from reduced PBM reimbursement rates. The transaction transfers ownership from Lynne Fruth/the Fruth family to Walgreens (now controlled by Sycamore Partners) and aims to maintain pharmacy services for local communities in West Virginia and nearby areas.

Investcorp has acquired Kanawha Scales & Systems (KSS) from American Equipment Holdings, a portfolio company of Rotunda Capital Partners. Headquartered in Poca, West Virginia, KSS provides calibration, maintenance, repair and automated weighing solutions across multiple industrial end markets; Investcorp said the investment will support growth (including strategic M&A) and implement an Employee Ownership Plan for KSS employees.

ASUENE USA, a U.S. subsidiary of Tokyo-based ASUENE Inc., has completed the full acquisition and integration of Iconic Air, Inc., a U.S.-based SaaS provider specializing in greenhouse gas (GHG) emissions monitoring and methane-leak detection. The deal strengthens ASUENE's emissions-intelligence capabilities and expands its North American footprint, combining Iconic Air's real-time monitoring and methane management tools with ASUENE's carbon accounting and supply-chain decarbonization platform.

Whitewater Capital Partners has acquired all of Valley Gardens, a Charleston, West Virginia-based full-service landscaping and landscape architecture firm. The investment will provide Valley Gardens with capital to accelerate regional expansion, pursue strategic acquisitions, and strengthen its service offerings across Southern West Virginia.

Eagle Summit Resources, LLC purchased Reflectance Energy, LLC and will operate the acquired Reflectance coal mining complex under the new name Eagle Mountain Energy, LLC. The acquisition adds more than two million tons of annual metallurgical coal production capacity in Wyoming County, West Virginia and strengthens ESR's position among the top U.S. metallurgical coal producers; the deal was accompanied by a new term loan facility from Valor Mining Credit Partners (managed by Breakwall Capital in partnership with Vitol) and an exclusive marketing agreement with Vitol for export volumes.

Jack Henry & Associates, Inc. has acquired Victor Technologies, Inc. from MVB Financial Corp. The acquisition brings Victor's cloud-native, API-first embedded payments and Payments-as-a-Service (PaaS) capabilities into Jack Henry's suite to expand its payment services for banks, credit unions and fintech partners; terms were not disclosed and Jack Henry expects the deal to be accretive by fiscal 2028.

Energy Services of America’s subsidiary Nitro Construction Services has completed the acquisition of Rigney Digital Systems, a regional HVAC control systems designer, installer and service provider based in Hurricane, West Virginia. The deal expands Nitro’s building-technology and HVAC controls capabilities while preserving Rigney’s brand, staff and client relationships to support future growth in building efficiency solutions.

Seacoast Capital has made a subordinated debt and equity co-investment in Mail America to support a recapitalization led by Wildwood Capital. The deal provides liquidity to Mail America’s founding shareholders and positions the company to invest in people, technology, production capacity and potential add-on acquisitions to accelerate growth.

Guild Garage Group announced the completion of its partnership with Door Serv Pro, a family-owned residential garage door service company headquartered in Inwood, West Virginia with six locations across West Virginia, Virginia, Maryland and Pennsylvania. The deal is Guild’s 22nd acquisition since launching in 2024 (and its 8th in 2025) and brings Door Serv Pro into Guild’s multi-location residential garage door services platform while retaining the company’s management and unit-level ownership.

Valicor Environmental Services, a Pritzker Private Capital portfolio company, has acquired ECO-FIRST, Inc., a Huntington, West Virginia-based provider of industrial and commercial waste collection, treatment, and recycling services. The add-on acquisition expands Valicor's footprint in the Mid-Atlantic and broadens its wastewater treatment and environmental services capabilities.

Gabe's, a Morgantown-based off-price retailer, closed a recapitalization where existing term lenders converted over 75% of outstanding term loans into equity and a group of existing investors (led by Brigade Capital Management, Arbour Lane Capital Management and Anchorage Capital) assumed majority ownership. The transaction provides new capital, reduces debt, and is supported by continued ABL financing from Second Avenue Capital Partners and Ares Credit funds while Gabe’s finalizes vendor and landlord agreements to strengthen its store portfolio and operations.

Jennmar, a FalconPoint Partners portfolio company, has acquired Rohrig Heavy Equipment Maintenance, LLC to expand the service offerings of its Jennmar Services (JMS) business. JMS will assume Rohrig's customer agreements and continue operating Rohrig's existing facilities; terms were not disclosed.

Harmonia Holdings Group, a provider of advanced technology solutions to the U.S. federal government, has acquired Maveris as a wholly owned subsidiary to strengthen its cybersecurity capabilities and broaden its federal customer relationships, including deep ties with the Department of Veterans Affairs. The deal supports Harmonia’s growth strategy, which is backed by a strategic investment from Madison Dearborn Partners; financial terms were not disclosed.

Fernweh Group LLC has acquired Wincore Window Company, LLC, a Parkersburg, West Virginia-based manufacturer of vinyl windows, impact windows, fiberglass entry doors, and sliding patio doors. The transaction establishes Wincore as Fernweh's new platform in the Building Products sector as the firm looks to capitalize on improving housing and construction demand while retaining Wincore's senior management.

Trilogy Innovations, Inc. has acquired West Virginia-based NRM Solutions to expand its cloud-based natural resource management software suite. The deal, finalized December 6, will integrate NRM's patented mineral rights and asset-management capabilities into Trilogy's software and cloud services offerings to broaden product capabilities and end-market reach.

Victory Automotive Group has acquired Advantage Toyota (now Victory Toyota of Barboursville) and Ball Toyota (now Victory Toyota of Charleston) from Shawn and David Ball. Haig Partners served as exclusive sell-side advisor for the transaction as Victory expands its portfolio to 55 dealerships across 11 states.

Leap Partners has acquired Appalachian Heating, a third-generation HVAC, plumbing and electrical business serving West Virginia and Virginia since 1948, marking Leap Partners' entry into West Virginia. Owners Dan and Daniel Akers will remain in leadership as Appalachian Heating joins Leap Partners' growing portfolio, which will provide additional resources, technology and regional support.

The Firmament Group has recapitalized Whitecap Waste Holdings, LLC, a West Virginia-based solid waste collection and disposal company founded in 2019. The transaction represents a recapitalization/ownership transition involving prior investors (including Mollitiam Holdings and Whitecap Enterprises) and positions Firmament to support the company’s regional waste collection and disposal operations under existing management.

JENNMAR, a FalconPoint Partners portfolio company, acquired the assets of the Holden, West Virginia cement blending facility of Wright-Mix Material Solutions, LLC. The facility will be added to JENNCHEM's manufacturing footprint to secure supply and expand production of J-SEAL and other blended cement products for mining and construction customers.

Energy Services of America Corporation, through its subsidiary Nitro Construction Services, has acquired Heritage Painting, LLC, an industrial and commercial painting contractor operating in West Virginia and surrounding areas. The acquisition adds industrial/commercial coating and floor-coating capabilities to Energy Services/Nitro’s service offering and expands its services into Heritage’s existing end markets, including fabrication and oil & gas.

Turnspire Capital Partners LLC (through an affiliate) has acquired Swanson Industries, a Morgantown, West Virginia–headquartered provider of manufacturing, remanufacturing, repair, and distribution services for mining equipment and hydraulic cylinders. The transaction includes Swanson’s controlling stake in Tiefenbach North America and is intended to support operational improvements, capability expansion, and strategic growth under Turnspire’s partnership with management.

Tencarva Machinery Company, backed by Bessemer Investors, has acquired Tri-State Coating & Machine, a Salt Rock, West Virginia-based provider of specialized thermal coating services and rotating equipment repair. The deal will add thermal spray coating capabilities to Tencarva's value‑added service offerings; Tri-State's founder David Thompson will retire and existing management and employees will remain with the business.

Oldcastle APG, a CRH Company, has acquired the assets of Lowe Products Company, including a Shepherdstown, West Virginia facility, to strengthen its lawn & garden capabilities in the Mid-Atlantic and improve service to the Washington, D.C. market. The assets—bulk and bagged mulches, soils and compost—are being integrated into Oldcastle APG’s outdoor living product portfolio to expand geographic coverage and product capability across North America.

Firmament (through funds it manages) completed a recapitalization of Whitecap Waste, a regional solid waste collection company serving over 30,000 customers in southern West Virginia. The seller was Mollitiam Holdings; Whitecap Waste President Michael Schmidt will remain in his role and Firmament said the investment will support growth, operational capability expansion, and entry into new geographies.

HealthEdge Investment Partners has made a strategic growth investment in Pluri Potent Partnership, LLC (doing business as P3 Oral Surgery), partnering with P3's surgeons who retain a meaningful ownership stake. The capital and support will be used to scale P3's oral and maxillofacial surgery platform across the Mid-Atlantic, pursue new surgeon partnerships, and expand operational capabilities.

System One has acquired KeyLogic, a consulting and data-management firm that supports federal agencies in energy, commerce and defense. KeyLogic will operate under GAP Solutions (a System One company) to expand System One’s government-focused capabilities in advanced analytics, data science, DevSecOps and cybersecurity; the seller was private investor Proteus Capital Solutions.

SVB Foods, a Martinsburg, West Virginia contract packaging and food manufacturer, has acquired Vita Specialty Foods, including its subsidiaries Virginia Honey Company and The Halifax Group (Oak Hill Farms). The deal expands SVB Foods' product portfolio and enhances its private-label and licensing capabilities for dressings, sauces, marinades and related condiment products.

West Virginia American Water, a subsidiary of American Water, completed the acquisition of Jefferson Utilities (including assets of Valley Water and Sewer Services, Shenandoah Junction Public Sewer and East Jefferson Sewer Services) for $27 million. The combined systems serve 3,978 customer connections across Jefferson, Berkeley and Morgan counties; the buyer plans infrastructure updates and will transition customers to West Virginia American Water service and PSC-established rates. The seller/owner, Lee Snyder, is retiring after building the systems over 25 years.

Arclin completed the acquisition of Belle Chemical Company, a producer of methylamines and derivatives based in Belle, West Virginia, adding a plant of approximately 60 employees. The purchase expands Arclin's North American manufacturing capabilities and diversifies its product presence into adjacent end markets including water treatment, pharmaceuticals/healthcare, agriculture, oil & gas and electronics.

PureTech Scientific, a company founded and backed by Iron Path Capital, agreed to acquire The Chemours Company's Glycolic Acid business for $137 million in cash. The transaction (a carve-out/divestiture) closed in August 2023 and creates a standalone platform focused on high‑purity alpha hydroxy acids for life sciences, specialty chemicals and personal care end markets.

Trachte, LLC has acquired Parkline, Inc., a manufacturer of custom engineered modular metal buildings headquartered in Eleanor, West Virginia. The acquisition is supported by Palladium Equity Partners (Trachte's sponsor) and represents an add-on to Trachte's platform, combining manufacturing capacity and expanding capabilities across data center, energy, utility and industrial end markets. Summit Park sold Parkline and will roll equity into the transaction.

Ankura Consulting Group has acquired Chartwell Compliance, a regulatory compliance and risk management firm formerly owned by MVB Financial Corp./MVB Bank. The deal expands Ankura's Global Anti-Financial Crime practice and strengthens its banking and fintech compliance, licensing, and AML advisory capabilities; Chartwell's ~60 employees join Ankura's Risk, Forensics & Compliance Group.

Northern Biogas, a portfolio company of H.I.G. Capital, has acquired three dairy renewable natural gas (RNG) projects in the United States, expanding its RNG production capacity and development pipeline. The additions sit close to Northern Biogas' existing footprint and are expected to begin commercial service by Q1 2024, creating operational and commercial synergies.

Sioux Falls-based telemedicine provider Avel eCare has acquired NightWatch, a West Virginia–based remote pharmacy services firm and subsidiary of Vaught, Inc. The acquisition expands Avel eCare’s pharmacy telemedicine capabilities and geographic reach across the Midwest and mid-Atlantic, enabling expanded after-hours hospital pharmacy coverage for hospitals, clinics and long-term care facilities.

5th Century Partners has acquired Radon Medical Imaging, a provider of medical imaging equipment service, sales, and distribution, with unitranche debt and a minority equity investment provided by Avante Capital Partners to support the transaction. The deal positions Radon as the platform for growth in medical imaging services and will leverage Avante’s flexible capital to support the company’s expansion.

Choice Financial Group, backed by Northlane Capital Partners, has acquired Mountaineer Insurance Services, a five-branch insurance agency based in Beverly, West Virginia. The Mountaineer leadership team will remain in place as Choice expands its geographic footprint into West Virginia; the transaction closed November 1, 2022 and represents Choice's 11th acquisition since partnering with Northlane.

Denver-based private equity firm Santiago Investment Group acquired a majority ownership position in Sprouse Windows and Doors, a 37-year-old family-owned manufacturer of energy-efficient vinyl windows and doors headquartered in New Martinsville, West Virginia. Santiago plans to invest in modernizing equipment, employee engagement and support continued growth while Sprouse will continue to operate under its existing name.

PCF Insurance Services, a top-20 U.S. insurance brokerage headquartered in Lehi, Utah, has acquired Infuse Insurance, a community-based agency headquartered in Beckley, West Virginia. The deal (terms undisclosed) expands PCF's geographic footprint into West Virginia and brings Infuse access to PCF's back-office resources and partner network to support growth.

H.I.G. Capital’s infrastructure arm, H.I.G. Infrastructure, has acquired a controlling interest in Northern Biogas, a Morgantown, West Virginia–based waste-to-renewable natural gas company that develops, builds, owns and operates anaerobic digester and RNG facilities. The investment will support Northern Biogas’ development pipeline of dairy, landfill and food-waste RNG projects across the U.S. as the company scales its construction, operations and service capabilities.

Hearthstone Holdings, a portfolio company of Ullico Infrastructure Fund (UIF), closed the acquisition of 100% of Hope Gas, Inc. from Dominion Energy. Hearthstone will move its headquarters to Morgantown, West Virginia, plans to hire roughly 100 additional employees, and intends to leverage local natural gas resources to expand service to more customers across the state.

Whitecap Waste, a regional waste management company formed in partnership with Florida-based private equity firm Mollitiam Holdings, has acquired Dave's Sanitation, Inc. of Lookout, West Virginia. The acquisition is an add-on to Whitecap's growing West Virginia platform (following its Oak Hill acquisition) and expands its residential, commercial and industrial waste collection footprint in the state.

Solenis has entered into a definitive agreement to acquire Clearon Corp., a South Charleston, West Virginia-based specialty chemical manufacturer that produces trichloroisocyanuric and dichloroisocyanuric acids and finished pool and disinfectant products. The acquisition expands Solenis' pool and spa water treatment portfolio and is expected to close in 2022 subject to regulatory approvals; financial terms were not disclosed.

Whitecap Waste, a PE-backed regional waste management platform, has acquired Oak Hill Garbage Disposal, a 50-year-old family-owned waste hauler in Oak Hill, West Virginia. The deal expands Whitecap's footprint in West Virginia as part of a roll-up strategy supported by Mollitiam Holdings, LLC.

Groundworks, the Cortec-backed national foundation and water management platform, has acquired Basement Systems of West Virginia, which will operate as Basement Authority of West Virginia. The add-on expands Groundworks' footprint into West Virginia and strengthens its residential and commercial foundation repair and waterproofing capabilities; terms were not disclosed.

Casago, a vacation rental management and franchise operator, has acquired the vacation rental assets and operations of Mountain Valley Realty in Snowshoe, West Virginia, effective July 1, 2022. The deal expands Casago's Snowshoe footprint and adds additional lodging options for visitors while Mountain Valley founder Debbie Goodwin will continue offering real estate services locally.

Pathways Health and Community Support, a portfolio company of Atar Capital, completed the acquisition of Psychological Assessment & Intervention Services, Inc. (PAIS), expanding Pathways' footprint into West Virginia. The bolt-on deal brings PAIS's home- and community-based behavioral health, IDD and outpatient therapy services into Pathways' national platform to broaden service offerings across additional counties and communities.