Acquisitions in Florida in 2024

  • Buyer
    Imagenet, BV Investment Partners
    Target
    CODY Consulting Group (CODY)
    Seller
    CODY Consulting Group, Inc.
    Type
    Addon

    Imagenet, a healthcare operations partner and portfolio company of BV Investment Partners, acquired CODY Consulting Group (CODY) in a deal completed December 31, 2024. The acquisition adds CODY's proprietary software, outsourced services, and consulting capabilities for member communications and compliance, creating a combined business that will serve more than 150 health plans with a global workforce of over 1,000.

  • Buyer
    Elevate ENT Partners
    Target
    Jacksonville ENT Surgery
    Seller
    Dr. Charles Greene
    Type
    Addon

    Elevate ENT Partners, a physician-led management support organization, has acquired Jacksonville ENT Surgery, adding the Jacksonville practice to its national network of ENT centers. The deal will provide Jacksonville ENT with Elevate's operational resources and support to enhance clinical capabilities and patient care while enabling practice growth.

  • Buyer
    Gamber-Johnson
    Target
    American Aluminum Accessories, Inc.
    Seller
    Thomas Swain, Linda Lawson
    Industry
    Manufacturing
    Type
    Addon

    Gamber-Johnson, a Main Street Capital portfolio company based in Stevens Point, Wisconsin, has acquired American Aluminum Accessories, Inc., a Perry, Florida-based specialty aluminum manufacturer serving law enforcement, public safety and fleet markets. Skyway Capital Markets advised the sellers (siblings Thomas Swain and Linda Lawson); Jennifer Arnold will continue to lead the Perry facility as General Manager while the business operates as part of the Team GJ family.

  • Buyer
    Neuberger Berman Capital Solutions, Funds managed by Harvest Partners, LP, Harvest Partners SCF, LP
    Target
    Yellowstone Landscape, Inc.

    Neuberger Berman Capital Solutions (NBCS) has acquired a significant minority stake in Yellowstone Landscape, Inc., with funds managed by Harvest Partners retaining majority ownership. Harvest Partners SCF, Harvest's non-control investment strategy, also invested alongside NBCS; terms were not disclosed. The capital infusion is intended to support Yellowstone's continued growth and execution across its commercial landscaping services.

  • Buyer
    Savvy Sliders
    Target
    BurgerFi
    Type
    Buyout

    Michigan-based Savvy Sliders has acquired Florida-based BurgerFi, adding the chef-driven fast-casual chain to its portfolio alongside Happy's Pizza and Fat Boy's Pizza. BurgerFi will continue to operate under its own name across its locations, and the combined restaurant portfolio will total 206 stores.

  • Buyer
    Second Avenue
    Target
    Pacific Oak Residential, Inc.
    Industry
    Real Estate
    Type
    Buyout

    Second Avenue, a Tampa-based single-family rental platform, acquired Jacksonville-based Pacific Oak Residential, Inc., adding a 2,110-home portfolio valued at about $400 million. The deal expands Second Avenue's managed homes to 5,300 and raises its assets under management to $1.5 billion while extending its operating footprint to 21 states.

  • Buyer
    Landscape Workshop, Carousel Capital, McKinney Capital
    Target
    Servello & Son, Inc.
    Seller
    Greg Servello, Lisa Servello
    Type
    Addon

    Landscape Workshop, a Birmingham-based commercial grounds management platform backed by Carousel Capital and McKinney Capital, has acquired Servello & Son, Inc., a family-owned landscaping business in Orlando, Florida. The acquisition expands Landscape Workshop's footprint into the Orlando market and brings the Servello founders into the company as part of the integration.

  • Buyer
    Afore Insurance Services, LLC
    Target
    Block Insurance (S&B Block Services, Inc.)
    Seller
    S&B Block Services, Inc.
    Industry
    Insurance
    Type
    Addon

    Afore Insurance Services, LLC has acquired the assets of S&B Block Services, Inc. dba Block Insurance, bringing the Oviedo, Florida-based specialist insurance agency onto Afore's national agency platform. Beth and Steven Block and their 12-person team have joined Afore as Managing Principals to help scale the firm's childcare, private school, and martial arts specialty practice across the United States.

  • Buyer
    Clear Peak Capital
    Target
    ITsynch, LLC
    Industry
    Software

    Clear Peak Capital entered a partnership with ITsynch, LLC on November 12, 2024; Generational Group advised ITsynch on the transaction. The investment will support ITsynch's expansion of service offerings and entry into new markets by combining the firm's maritime-focused software capabilities with Clear Peak's IT services expertise and capital.

  • Buyer
    Addition Financial Credit Union
    Target
    Envision Credit Union
    Type
    Buyout

    Addition Financial Credit Union and Envision Credit Union announced their intent to merge under an agreement subject to National Credit Union Administration (NCUA) approval and a membership vote. The combined credit union will operate as Addition Financial, targeting nearly $4 billion in assets and serving more than 248,000 members across 38 branches in Florida and Georgia.

  • Buyer
    Laser Photonics Corporation
    Target
    Control Micro Systems, Inc.
    Industry
    Manufacturing
    Type
    Buyout

    Laser Photonics Corporation (NASDAQ: LASE) acquired Control Micro Systems, Inc. (CMS) for approximately $1.05 million ($950,000 cash and $100,000 in common stock). The acquisition expands Laser Photonics' engineering capabilities and entry into the pharmaceutical market, with CMS bringing precision laser drilling systems and a revenue backlog of over $3.7 million.

  • Buyer
    LPL Financial
    Target
    Stonebrook Wealth Partners, Francisco J. Blanco (advisory practice)
    Type
    Buyout

    LPL Financial announced that financial advisor Francisco J. Blanco (bringing approximately $200 million in advisory, brokerage and retirement plan assets) has joined LPL's broker-dealer, RIA and custodial platforms. Blanco merged his practice with Stonebrook Wealth Management (founded by Joe Mazzucco) to form Stonebrook Wealth Partners, which will operate on LPL’s platforms to provide wealth management and retirement planning services.

  • Buyer
    CRC Group
    Target
    SLB Insurance Group
    Industry
    Insurance
    Type
    Buyout

    CRC Group has acquired SLB Insurance Group, a binding authority operation based in Coconut Creek, Florida with offices in Florida and Louisiana. The deal expands CRC's binding operations in the Southeast — nearly doubling its presence in South Florida and strengthening capabilities in Louisiana — and SLB's leadership team will continue to run the business reporting to Brennan Paris, President, CRC Binding.

  • Buyer
    Fortune Rise Acquisition Corporation
    Target
    Water On Demand Inc.
    Industry
    Infrastructure

    OriginClear’s privately-held subsidiary Water On Demand Inc. (WODI) and Fortune Rise Acquisition Corporation (FRLA) entered into a mutual termination agreement to end their October 23, 2023 business combination agreement. The termination was effective immediately, citing delays in S-4 registration that could have pushed closing to March 2025 or later and increased costs, listing concerns, and market uncertainty.

  • Buyer
    NextGen Security, LLC, Dunes Point Capital, LP
    Target
    Micro Security Solutions, LLC
    Type
    Addon

    NextGen Security, a portfolio company of Dunes Point Capital, has acquired Micro Security Solutions, a Miramar, Florida-based electronic security integration firm. The add-on expands NextGen’s access control and video surveillance capabilities and geographic presence in healthcare, government, and other institutional end markets.

  • Buyer
    Sunstone Partners, Accuhealth
    Target
    Signallamp Health, Accuhealth
    Type
    Addon

    Accuhealth and Signallamp Health have merged with additional investment from Sunstone Partners to form the newly rebranded TelliHealth, creating an integrated remote care company offering Remote Patient Monitoring (RPM) and Chronic Care Management (CCM). Sunstone provided the financing for the combination; the consolidated business will serve physician practices and health systems across the United States and has appointed Asif Ahmad as CEO of TelliHealth.

  • Buyer
    OmniMax International, LLC, Strategic Value Partners, LLC (affiliates/funds)
    Target
    Millennium Metals, Inc.
    Seller
    Tonya Steele, Scott Gramling
    Type
    Addon

    OmniMax International, a PE‑backed North American building products manufacturer, has acquired Millennium Metals, Inc., a Jacksonville‑based manufacturer of roofing accessories. The deal expands OmniMax’s product portfolio and manufacturing capacity in Florida and the broader Southeastern U.S.; financial terms were not disclosed.

  • Buyer
    SRM Equity Partners
    Target
    Mid-Florida Endodontics

    SRM Equity Partners has entered a strategic partnership with Mid-Florida Endodontics (MFE), providing capital and operational support to accelerate MFE's regional expansion. The dentist-led MFE will retain significant ownership while leveraging SRM's programmatic M&A and operational expertise to add providers and new locations across the Southeast; the partnership became effective December 10, 2024.

  • Buyer
    PrimeSource Brands, Clearlake Capital Group, L.P.
    Target
    Harney Hardware
    Type
    Addon

    PrimeSource Brands, the Clearlake-backed residential building products platform, has acquired Harney Hardware, a Tampa-area manufacturer and distributor of door and bathroom hardware. The add-on expands PrimeSource's Kitchen & Bath offering and product portfolio; financial terms were not disclosed.

  • Buyer
    Clarion Capital Partners, Gary Edwards, Stellus Capital Management, LLC
    Target
    Arthur Murray International, Inc.
    Seller
    Philip S. Masters
    Industry
    Education
    Type
    Buyout

    Clarion Capital Partners, in partnership with ballroom dance legend Gary Edwards and with financing and an equity co-investment from Stellus Capital Management, has acquired Arthur Murray International, Inc., a 112-year-old international franchisor of dance studios. Gary Edwards will serve as CEO as Clarion seeks to support the company’s next phase of growth following Philip S. Masters' long ownership and recent passing.

  • Buyer
    Arthur J. Gallagher & Co.
    Target
    AssuredPartners
    Seller
    Apax Funds, GTCR
    Industry
    Insurance
    Type
    Buyout

    Arthur J. Gallagher & Co. will acquire AssuredPartners in an all-cash transaction valued at $13.45 billion. The deal is expected to close in the first quarter of 2025, subject to regulatory approvals and customary closing conditions.

  • Buyer
    Aya Healthcare
    Target
    Cross Country Healthcare
    Type
    Buyout

    Aya Healthcare has entered into a definitive agreement to acquire Cross Country Healthcare in an all-cash transaction valued at about $615 million (at $18.61 per share). The companies say the combination will provide complementary, tech-enabled workforce solutions across the continuum of care, and Aya expects Cross Country to remain in Boca Raton as a private company.

  • Buyer
    Russel Metals Inc.
    Target
    Tampa Bay Steel Corporation
    Type
    Buyout

    Russel Metals Inc. has closed its acquisition of Tampa Bay Steel Corporation for US$79.5 million, subject to normal course adjustments. The deal expands Russel Metals’ footprint into the Florida market, bringing Tampa Bay Steel’s value-added processing capabilities and experienced management team into its Southern US businesses.

  • Buyer
    Bloom
    Target
    Focused Health
    Type
    Addon

    Bloom, a Medicare and ACA enrollment, engagement and technology provider backed by Oak HC/FT, has acquired Focused Health, a health insurance distribution agency focused on Medicare Advantage and the ACA. The deal expands Bloom's enrollment and post-enrollment capabilities—adding member onboarding, retention and customer service—while Focused Health co-founder Larry Cassar will continue as President and co-founder Shawn Holt will join Bloom as Chief Revenue Officer.

  • Buyer
    Creach Family Holdings
    Target
    HealthRev Partners
    Type
    Addon

    Creach Family Holdings, a privately held family investment firm, has acquired HealthRev Partners, a technology-enabled revenue cycle management (RCM) provider serving the home health and hospice market. The acquisition will integrate HealthRev's RCM capabilities with Creach's portfolio EMR platform Careficient to offer a combined suite of clinical and billing solutions for home health and hospice providers.

  • Buyer
    Pentair plc
    Target
    G&F Manufacturing, LLC
    Type
    Buyout

    Pentair plc acquired Florida-based G&F Manufacturing, LLC (maker of Gulfstream pool heat pumps) for approximately $108 million in cash. The deal expands Pentair’s pool equipment offerings in Florida and the Southeast U.S., adding heat-pump capabilities that align with the company’s sustainability and regional product strategy.

  • Buyer
    GCL (Global Critical Logistics)
    Target
    Magusa Global Cargo
    Type
    Buyout

    GCL (Global Critical Logistics), parent company of Rock-it Cargo, has acquired Magusa Global Cargo, a Miami-based specialist in live events and touring logistics for Latin artists. The acquisition aims to deepen GCL's capabilities and reach in the Latin music and live-events markets; terms were not disclosed.

  • Buyer
    The Valcourt Group
    Target
    Restocon
    Industry
    Construction
    Type
    Buyout

    The Valcourt Group has acquired Restocon, a Tampa-based specialty construction and waterproofing contractor, to expand Valcourt's capabilities in parking garage repair and waterproofing. Restocon's leadership will remain in place and the acquisition is intended to broaden Valcourt's specialty services and enable expansion into new markets.

  • Buyer
    Argosy Healthcare Partners
    Target
    Nicklas Medical Staffing

    Argosy Healthcare Partners completed a recapitalization and strategic partnership with Nicklas Medical Staffing, a Jacksonville-based provider of specialized staffing solutions to pathology and histology labs. The investment will reinvest in the business and support expansion of NMS's lab-focused staffing offerings nationwide; SDR Ventures served as sell-side advisor to Nicklas Medical Staffing.

  • Buyer
    Perry Homes
    Target
    MasterCraft Builder Group
    Seller
    Chris Shee (owner and CEO), Brad (co-owner / brother of Chris Shee)
    Industry
    Construction
    Type
    Buyout

    Perry Homes, a large privately held homebuilder based in Houston, has acquired MasterCraft Builder Group, a regional homebuilder in the Jacksonville/St. Johns, Florida area. The acquisition expands Perry Homes' operations in Florida; MasterCraft's owners, including CEO Chris Shee and his brother Brad, sold the business with Builder Advisor Group serving as exclusive financial advisor to MasterCraft.

  • Buyer
    Lone Star Funds (affiliate)
    Target
    Kidde Global Solutions (formerly Carrier's Commercial and Residential Fire business)
    Seller
    Carrier Global Corporation
    Type
    Buyout

    An affiliate of Lone Star Funds has completed the $3.0 billion acquisition of Carrier Global Corporation's Commercial and Residential Fire business and established Kidde Global Solutions as a standalone platform. The deal, announced initially in August 2024, closes on December 2, 2024 and will allow the new company to focus on growth across residential, commercial and industrial fire & life safety markets.

  • Buyer
    Roofing Services Solutions (RSS), Dunes Point Capital, LP (DPC)
    Target
    Quality First Roofing, LLC
    Industry
    Construction
    Type
    Addon

    Roofing Services Solutions (RSS), a portfolio company of Dunes Point Capital, has acquired Quality First Roofing, LLC, a Lecanto, Florida-based provider of re-roofing and building exterior services. The add-on deal expands RSS’s footprint in Florida; Quality First operates two locations and employs roughly 15 people while RSS operates eleven locations with ~185 employees.

  • Buyer
    Dan Tulchin / Sundream (Hey Brother Industries)
    Target
    Greater Bay Plumbing
    Seller
    Jeffrey (Jeff) Sarmiento
    Industry
    Plumbing
    Type
    Buyout

    Founder Jeffrey (Jeff) Sarmiento has sold Greater Bay Plumbing, Sarasota's leading plumbing service provider, to Dan Tulchin, CEO of Sundream, an operating business of Hey Brother Industries, as part of Sarmiento's planned retirement. The deal was facilitated by Viking Mergers & Acquisitions and is intended to preserve the company's legacy while integrating it into Tulchin's portfolio of HVAC and plumbing businesses across Florida.

  • Buyer
    Warren Henry Auto Group
    Target
    Kia of Key West
    Industry
    Automotive
    Type
    Buyout

    Warren Henry Auto Group, a privately owned Florida dealership group, has completed the acquisition of Kia of Key West. The dealership will operate as part of the Keys Auto Center family and continue operations at 2826 N Roosevelt Blvd in Key West, Florida, bringing the location into Warren Henry's expanding Florida portfolio.

  • Buyer
    Valante Capital (IDC Network)
    Target
    American Foods
    Industry
    Food & Beverage

    Valante Capital, the private equity arm of IDC Network, has acquired a significant stake in American Foods, a U.S.-based distributor of consumer goods to Latin America and the Caribbean. The investment will support American Foods’ regional expansion across the U.S., Latin America and the Caribbean and create commercial synergies with Valante’s portfolio company Vitali Alimentos.

  • November 26, 2024
    Buyer
    Paine Schwartz Partners (Paine Schwartz Food Chain Fund VI)
    Target
    Promix LLC
    Industry
    Food & Beverage
    Type
    Buyout

    Paine Schwartz Partners’ Food Chain Fund VI has acquired Promix LLC, a Gainesville, Florida–based maker of clean‑ingredient protein mixes, supplements, vitamins and better‑for‑you snack bars. Promix’s founding management team will remain in place, Bob DeBorde will join as Executive Chairman, and Paine Schwartz will support growth initiatives including marketing, product innovation, margin optimization and channel expansion. Financial terms were not disclosed.

  • Buyer
    TIGRIS Aquatic Services, LLC
    Target
    American Ecosystems, Inc.
    Type
    Addon

    TIGRIS Aquatic Services, a portfolio company of Plexus Capital, has acquired American Ecosystems, Inc., a Florida-based provider of aquatic vegetation management with locations in Largo and Odessa. The acquisition expands TIGRIS's footprint in the Tampa Bay area and adds local field operations and expertise in nuisance aquatic vegetation control to its stormwater and surface-water services platform.

  • Buyer
    WI FL Acquisition, LLC, Mark Bellissimo, Marsha Dammerman, Lisa Lourie, Roger Smith
    Target
    Wellington International
    Seller
    Global Equestrian Group (GEG)
    Type
    Buyout

    WI FL Acquisition, LLC — a new entity formed by former majority owners Mark Bellissimo, Marsha Dammerman, Lisa Lourie, and Roger Smith — has completed the acquisition of Wellington International from Global Equestrian Group. The buyer group named Murray S. Kessler as CEO and said it will invest in the showgrounds and infrastructure to support the Winter Equestrian Festival and year-round events.

  • Buyer
    Pennybacker Capital Management, LLC
    Target
    Miami LNG business
    Seller
    New Fortress Energy Inc.
    Industry
    Energy

    Pennybacker Capital Management has completed the acquisition of the Miami LNG business from New Fortress Energy. The small-scale liquefaction and distribution operation (producing ~8,300 MMBtu/day) will be led by newly appointed President & CCO Daniel McLaughlin and will focus on serving customers across Florida and the Caribbean.

  • Buyer
    McAdams
    Target
    AVID Group, LLC
    Type
    Buyout

    McAdams, a Raleigh-based multidisciplinary civil engineering and design firm, has acquired AVID Group, LLC, a Central Florida civil engineering firm with offices in Tampa Bay and Orlando. The acquisition expands McAdams' geographic presence in the Southeast and augments its land development, surveying/geomatics, and commercial/retail engineering capabilities in Florida.

  • Buyer
    Del-Air Plumbing, Air Conditioning and Electric, Astara Capital Partners
    Target
    Colman Heating & Air
    Type
    Addon

    Del-Air Plumbing, Air Conditioning and Electric, a Florida indoor comfort provider majority owned by Astara Capital Partners, has acquired Colman Heating & Air of Titusville, Florida. The acquisition expands Del-Air's footprint into Volusia and Flagler counties (Daytona, Titusville, Cape Canaveral, Cocoa, New Smyrna, Ormond Beach and Palm Coast) and adds local HVAC, ductless, heat pump and light commercial service capabilities.

  • Buyer
    Henry Schein, Inc.
    Target
    Acentus
    Type
    Buyout

    Henry Schein, Inc. signed an agreement to acquire Acentus, a national supplier specializing in home delivery of Continuous Glucose Monitors (CGMs). The acquisition is intended to expand Henry Schein’s homecare medical supplies platform, expected to close in the first quarter of 2025 subject to standard conditions.

  • Buyer
    Boys & Girls Clubs of Greater Tampa Bay
    Target
    Boys & Girls Clubs of the Suncoast, Boys & Girls Clubs of Tampa Bay
    Industry
    Education
    Type
    Buyout

    Boys & Girls Clubs of the Suncoast and Boys & Girls Clubs of Tampa Bay have merged to create Boys & Girls Clubs of Greater Tampa Bay, expanding after-school and youth services across Pinellas, Hillsborough, and Pasco counties. The combined organization will operate 42 locations, serve about 3,000 kids daily, and manage an annual operating budget of approximately $23 million to deepen programming and operational efficiency.

  • Buyer
    MidOcean Partners
    Target
    Arnott Industries
    Seller
    Calera Capital
    Industry
    Automotive
    Type
    Buyout

    MidOcean Partners has acquired Arnott Industries, a global leader in aftermarket air suspension products, from Calera Capital. The acquisition strengthens MidOcean's auto aftermarket platform and will support Arnott's growth through organic initiatives and strategic M&A; financial terms were not disclosed.

  • Buyer
    Celero Commerce
    Target
    Precision Payments
    Type
    Buyout

    Celero Commerce has acquired Precision Payments, an electronic payments technology provider headquartered in Sarasota, Florida. The deal expands Celero's merchant payments capabilities and sales footprint in multi-lane retail and is expected to push Celero's annual card processing volume across North America above $28 billion.

  • Buyer
    Bregal Sagemount
    Target
    PMWeb
    Industry
    Cloud & SaaS

    Bregal Sagemount has made a strategic growth investment in PMWeb, a Miami-based provider of web-based construction and asset management software. The investment will support PMWeb's domestic and international expansion through organic growth and M&A; as part of the announcement founder Marc Jaude moves to Chairman and Huw Roberts is appointed CEO.

  • Buyer
    Andy Unanue
    Target
    Sutherlin Nissan of Vero Beach (now operating as Nissan of Vero Beach)
    Seller
    Sutherlin Automotive Group, Brett Sutherlin
    Industry
    Automotive

    Investor Andy Unanue purchased Sutherlin Nissan of Vero Beach from Sutherlin Automotive Group; the dealership will operate as Nissan of Vero Beach. Pinnacle Mergers & Acquisitions represented seller Sutherlin Automotive Group in the transaction, which the seller said supports portfolio/brand-mix optimization.

  • Buyer
    Liberty Service Partners, NorthCurrent Partners
    Target
    Wilson Heating & Air Conditioning
    Seller
    Todd Wilson, Brenda Wilson
    Type
    Addon

    Liberty Service Partners, a national home‑services platform backed by NorthCurrent Partners, has acquired Wilson Heating & Air Conditioning, a residential HVAC provider headquartered in St. Augustine, Florida. The deal brings the local business founded by Todd and Brenda Wilson into Liberty's multi-brand platform to support the company's targeted geographic expansion in the Southeast. Financial terms were not disclosed.

  • Buyer
    Endries International, Inc.
    Target
    Assembly Fasteners, Inc.
    Type
    Buyout

    Endries International, a distributor of industrial fasteners and supply-chain solutions, has acquired Assembly Fasteners, Inc., a Florida-based distributor specializing in latches, fasteners and inventory-management services. The deal expands Endries' presence across the southeastern United States and adds AFI's VMI/CMI and iBinDrop fulfillment capabilities to Endries' distribution footprint.

  • Buyer
    Fidelity Building Services Group
    Target
    Tropic-Kool
    Type
    Buyout

    Fidelity Building Services Group has acquired Tropic-Kool, a Largo, Florida-based commercial design-build and HVAC/mechanical services contractor. The acquisition strengthens Fidelity's service footprint in the Southeastern United States and adds Tropic-Kool's fabrication capabilities and local customer relationships in healthcare, education and commercial/industrial markets.

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