Tracked deals
10
10 tracked deals across 2023.
Tracked deals
10
10 tracked deals across 2023.
Buyer mix
Strategic-led
10 strategic · 4 pe
Top trend
Volume peaked in 2022
18 tracked deals announced in 2022.
Buyer Snapshot
Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| Ankura Consulting Group, LLC | 1 | Global expert services and advisory firm providing invest... | Strategic |
| Arclin | 1 | Chemistry-based manufacturer of polymer technologies and ... | Strategic |
| Avel eCare | 1 | Clinician-to-clinician telemedicine provider operating vi... | Strategic |
| H.I.G. Capital | 1 | Global alternative investment firm providing equity and d... | PE |
| HealthEdge Investment Partners, LLC | 1 | Operating-oriented private equity firm focused exclusivel... | PE |
| Iron Path Capital | 1 | Private equity firm focused on lower‑middle market invest... | PE |
| Northern Biogas, LLC | 1 | Develops, designs, builds, owns, operates and services an... | Strategic (PE-backed) |
| Palladium Equity Partners | 1 | Private equity buyout firm that owns Trachte and provides... | PE |
| PureTech Scientific LLC | 1 | Manufacturer of ultra‑high purity alpha hydroxy acids (gl... | Strategic (PE-backed) |
| SVB Foods | 1 | Contract packaging and food manufacturer specializing in ... | Strategic |
Last 8 years
Supporting Data
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.
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