Acquisitions in Maryland
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March 20, 2026
- Buyer
- SouthernCarlson
- Target
- Greenwald Supply Direct
- Industry
- Industrial Services
- Location
- Maryland, United States
- Type
- Addon
SouthernCarlson, a distributor of fasteners, tools, packaging, and construction supplies, acquired Greenwald Supply Direct, a specialty distributor serving commercial contractors across the Mid-Atlantic region. The acquisition is intended to strengthen SouthernCarlson’s footprint in the Mid-Atlantic by expanding product breadth, supply-chain capabilities, and national distribution access. Greenwald Supply Direct will continue operating under its existing name and at its current Hyattsville, Maryland location; financial terms were not disclosed.
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March 12, 2026
- Buyer
- Elsevier
- Target
- Mytonomy
- Industry
- Healthcare Services
- Location
- Maryland, United States
- Type
- Buyout
Elsevier entered into a definitive agreement to acquire Mytonomy, a provider of video-based patient engagement solutions. The deal will add Mytonomy’s enterprise cloud platform into Elsevier’s Clinical Solutions portfolio, integrating patient education and communication tools within electronic health record systems.
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- Buyer
- Standard Solar, Inc.
- Target
- AC Power's six-project community solar portfolio (28.8 MW in New Jersey and Illinois)
- Seller
- AC Power
- Industry
- Renewable Energy
- Location
- Maryland, United States
- Type
- Buyout
Standard Solar acquired a six-project, 28.8 MW community solar portfolio in New Jersey and Illinois from AC Power. The projects are sited on closed landfills and brownfield parcels and are expected to transition previously disturbed sites into long-term community energy assets.
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March 3, 2026
- Buyer
- Blue Fire Equity
- Target
- Jovian Concepts
- Industry
- IT Services
- Location
- Maryland, United States
- Type
- Growth capital
Blue Fire Equity, a Washington, D.C.-based investment firm focused on defense and government technology, announced a strategic investment in Jovian Concepts. Jovian Concepts is a Maryland-based intelligence and engineering services provider supporting the U.S. defense and intelligence community, with capabilities across systems engineering, software development, SIGINT systems, and data privacy/legal compliance.
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March 2, 2026
- Buyer
- ADT
- Target
- Origin AI
- Industry
- AI & Machine Learning
- Location
- Maryland, United States
- Type
- Buyout
ADT has acquired Origin AI for $170 million in cash to integrate Origin's AI sensing platform and related IP into ADT's smart home and security offerings. The deal brings Origin's sensorless ambient-intelligence technology and more than 200 patents to ADT to enhance presence detection, reduce false alarms, and enable new aging-in-place and occupancy-based automation use cases.
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February 26, 2026
- Buyer
- Office Movers Express (OMX)
- Target
- Hoffberger Moving Services, Re-form
- Industry
- Logistics & Distribution
- Location
- Maryland, United States
- Type
- Buyout
Office Movers Express (OMX) has acquired two Baltimore-based firms — Hoffberger Moving Services and Re-form — more than doubling OMX's size and expanding its moving, storage and used office furniture capabilities across the Baltimore–Washington corridor. The deal brings healthcare and laboratory relocation expertise and an established office-furniture resale/refurbishing and inventory-management capability into OMX's Beltsville-based corporate platform while maintaining current Baltimore staffing.
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February 12, 2026
- Buyer
- Promise Holdings (lead investor)
- Target
- Beauty4U
- Seller
- Seok family (Julius Seok and Gillian Seok)
- Industry
- Retail
- Location
- Maryland, United States
- Type
- Buyout
Promise Holdings led an investor group to acquire Beauty4U, a multi-location wig and beauty supply retail chain serving the Washington, D.C. metro area, from the Seok family. Newport LLC and GROW and SELL Advisors acted as exclusive advisors to the sellers; the buyer intends to provide operational support and resources to grow the brand and preserve its specialty retail positioning.
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February 12, 2026
- Buyer
- HealthMark Group
- Target
- Purview
- Industry
- Healthcare Services
- Location
- Maryland, United States
- Type
- Buyout
HealthMark Group acquired Purview, a cloud-based medical imaging company based in Annapolis, Maryland. The acquisition is intended to modernize how medical imaging is ingested, analyzed, and shared—moving away from widespread reliance on physical discs—by integrating Purview into HealthMark’s clinical data exchange solution.
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February 12, 2026
- Buyer
- Ally Services
- Target
- J Hood Services, Tri-County Aire, Above & Beyond
- Industry
- HVAC & Mechanical
- Location
- Maryland, United States
- Type
- Addon
Ally Services (backed by Watchtower Capital) completed three add-on acquisitions in 2025: J Hood Services (Manassas, VA), Tri-County Aire (Charlotte Hall, MD), and Above & Beyond (Laurel, DE). The deals expand Ally’s residential HVAC platform across Virginia and adjacent markets while preserving each acquired business’s local brand and employee base.
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February 10, 2026
- Buyer
- Patton Electronics
- Target
- Practical Technologies Inc.
- Industry
- Manufacturing
- Location
- Maryland, United States
- Type
- Buyout
Patton Electronics acquired Practical Technologies Inc. (PTI), adding PTI's 20,000-square-foot Baltimore-area electronics manufacturing facility to expand Patton's Maryland production footprint and manufacturing capabilities. The deal strengthens Patton's contract manufacturing platform by adding PCB assembly, wire-and-cable harness, electro-mechanical assembly, and potting/encapsulation capabilities to support defense, aerospace, and industrial customers.
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- Buyer
- Evermay Wealth Management
- Target
- Novotny, Larash, Venters & Wolf, LLC
- Industry
- Wealth Management
- Location
- Maryland, United States
- Type
- Buyout
Evermay Wealth Management, a fee-only fiduciary RIA based in Arlington, Virginia, has merged with Novotny, Larash, Venters & Wolf (NLVW), a tax preparation and business advisory firm headquartered in Annapolis, Maryland. The deal brings roughly 25 NLVW professionals into Evermay (operating the tax practice as Evermay Tax LLC under Brandon Wolf, CPA, CFP) and expands Evermay’s capabilities to provide integrated wealth, tax, and business advisory services to NLVW’s ~1,000 clients.
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February 8, 2026
- Buyer
- AMETEK, Inc.
- Target
- LKC Technologies
- Seller
- DW Healthcare Partners
- Industry
- Medical Devices
- Location
- Maryland, United States
- Type
- Buyout
AMETEK, Inc. has acquired LKC Technologies, a Germantown, Maryland-based maker of portable ophthalmic diagnostic devices, including the RETeval handheld ERG system. The seller was DW Healthcare Partners, which had owned LKC as a portfolio company; AMETEK said the deal expands its ophthalmic product portfolio and complements its Ultra Precision Technologies Reichert business.
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February 6, 2026
- Buyer
- Meiji Yasuda Group
- Target
- Banner Life Insurance Company, William Penn Life Insurance Company of New York
- Seller
- Legal & General Group plc
- Industry
- Financial Services
- Location
- Maryland, United States
- Type
- Buyout
Japan's Meiji Yasuda Group has completed the acquisition of the Banner Life family of companies (Banner Life Insurance Company and William Penn Life Insurance Company of New York) from Legal & General, in a transaction valued at approximately $2.3 billion (with $2.6 billion transferred at closing reflecting purchase price adjustments). The deal strengthens Meiji Yasuda's U.S. presence by adding a leading term life franchise and a pension risk transfer (PRT) business, and establishes a long-term strategic PRT partnership with Legal & General.
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January 29, 2026
- Buyer
- Odeko
- Target
- District Distribution
- Industry
- Food & Beverage
- Location
- Maryland, United States
- Type
- Buyout
Odeko has acquired District Distribution, a specialty food and beverage distributor serving the Washington, D.C. metropolitan area, broadening Odeko's Mid‑Atlantic presence and local product assortment. Alongside the acquisition, Odeko entered a partnership with Union Kitchen to source and scale emerging local food and beverage brands across Odeko's national network.
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January 23, 2026
- Buyer
- Auria, Enlightenment Capital
- Target
- RKF Engineering Solutions, Kythera Space Solutions
- Industry
- Aerospace & Defense
- Location
- Maryland, United States
- Type
- Addon
Auria, a Colorado Springs-based C3 software and solutions provider and portfolio company of Enlightenment Capital, has acquired RKF Engineering Solutions and Kythera Space Solutions, both headquartered in Bethesda, Maryland. The add-on acquisitions expand Auria's SATCOM engineering, spectrum management, and autonomous payload software capabilities to deliver end-to-end command, control, and communications (C3) solutions for U.S. Space Force, other government customers, and commercial SATCOM operators.
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January 22, 2026
- Buyer
- Diligent Inc
- Target
- Quasi Robotics
- Industry
- Manufacturing
- Location
- Maryland, United States
- Type
- Buyout
Diligent Inc has acquired Quasi Robotics, a US-based developer of Autonomous Mobile Robots (AMRs) including the Model C2, for an undisclosed amount. The acquisition expands Diligent's portfolio into industrial automation and intralogistics, integrating Quasi's user-focused AMR technology to accelerate deployment and operational efficiency across customer facilities.
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January 15, 2026
- Buyer
- Cerity Partners
- Target
- SOL Capital Management
- Industry
- Wealth Management
- Location
- Maryland, United States
- Type
- Buyout
Cerity Partners has merged with SOL Capital Management, with SOL operating under the Cerity Partners name. The combination expands Cerity’s footprint in Maryland and the greater Washington, D.C. area and strengthens its investment and advisory capabilities for high- and ultra-high-net-worth clients; Houlihan Lokey advised SOL Capital and Nelson Mullins served as legal counsel.
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January 13, 2026
- Buyer
- Sheridan Capital Partners
- Target
- ICANotes
- Industry
- Software
- Location
- Maryland, United States
- Type
- Buyout
Sheridan Capital Partners completed an investment in ICANotes, a purpose-built electronic health record (EHR) and practice management platform serving behavioral health providers. Financial terms were not disclosed; Sheridan said it will support ICANotes' product development and nationwide expansion to scale the company's behavioral-health-focused EHR and practice management capabilities.
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January 6, 2026
- Buyer
- System One, System One Holdings
- Target
- Cypress Consulting
- Industry
- IT Services
- Location
- Maryland, United States
- Type
- Buyout
System One has acquired Cypress Consulting, a Bethesda, Maryland-based technology consulting firm specializing in cloud architecture, data engineering, cybersecurity, and data center network engineering. The acquisition expands System One's data center and critical infrastructure capabilities in network engineering, automation, and security; terms were not disclosed.
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December 15, 2025
- Buyer
- MAI Capital Management
- Target
- Lowe Wealth Advisors
- Industry
- Financial Services
- Location
- Maryland, United States
- Type
- Buyout
MAI Capital Management has acquired Columbia, Maryland-based Lowe Wealth Advisors, a registered investment advisor with $527 million in assets under management. The deal expands MAI’s footprint in the Mid-Atlantic — adding Lowe’s nine-person, boutique, family-led practice and its niche client base while transitioning the firm onto MAI’s national platform; terms were not disclosed.
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December 13, 2025
- Buyer
- Mercer Global Advisors, Inc. (Mercer Advisors)
- Target
- Glass Jacobson Wealth Advisors
- Industry
- Financial Services
- Location
- Maryland, United States
- Type
- Buyout
Mercer Advisors, a Denver-based national RIA, has acquired Glass Jacobson Wealth Advisors, a Baltimore-based wealth management firm overseeing approximately $1 billion in assets under management. The deal expands Mercer's Mid-Atlantic footprint and brings Glass Jacobson's tax-integrated wealth management capabilities onto Mercer's national platform.
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December 11, 2025
- Buyer
- Aretum, Renovus Capital Partners
- Target
- Veterans Engineering
- Industry
- IT Services
- Location
- Maryland, United States
- Type
- Addon
Aretum has acquired Veterans Engineering, a Rockville, Maryland-based federal technology solutions provider, to strengthen Aretum's cloud, cybersecurity, and digital transformation offerings across defense, intelligence, and civilian agencies. The transaction was backed by Renovus Capital Partners and will have Veterans Engineering operate as a wholly owned subsidiary of Aretum as part of the firm's continued platform growth and capability expansion.
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December 11, 2025
- Buyer
- Reliable Energy Partners, Soundcore Capital Partners
- Target
- Economy Propane
- Seller
- Doug McKnew, Bobby Perry
- Industry
- Energy
- Location
- Maryland, United States
- Type
- Addon
Reliable Energy Partners, a propane distribution platform owned by Soundcore Capital Partners, has acquired Economy Propane, a bulk-propane distributor headquartered in Baltimore, Maryland. The add-on expands Reliable’s footprint into the Mid-Atlantic and broadens the platform’s capabilities into bulk propane distribution to serve residential, commercial and industrial customers.
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- Buyer
- AutoNation, Inc.
- Target
- Jerry's Toyota
- Seller
- Jerry's Automotive Group, James Stautberg, Stautberg family
- Industry
- Automotive
- Location
- Maryland, United States
- Type
- Buyout
AutoNation, Inc. acquired Jerry's Toyota from Jerry's Automotive Group, effective December 8, 2025. The dealership — renamed AutoNation Toyota White Marsh — represents roughly $123 million in annual revenue, about 2,600 annual retail unit sales and adds approximately 110 associates, strengthening AutoNation's footprint in the Mid-Atlantic and marking its first Toyota store in Maryland.
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December 4, 2025
- Buyer
- Creative Planning
- Target
- Burt Wealth Advisors
- Seller
- Burt Wealth Advisors, Fred Cornelius, Maria Cornelius
- Industry
- Wealth Management
- Location
- Maryland, United States
- Type
- Buyout
Creative Planning has acquired North Bethesda–based Burt Wealth Advisors, adding approximately $1 billion in assets under management to its platform. The acquisition expands Creative Planning's footprint in the Washington, D.C. area and gives Burt Wealth clients access to Creative Planning's broader wealth, tax, trust, and family office services.
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November 20, 2025
- Buyer
- Dycom Industries
- Target
- Power Solutions
- Industry
- Industrial Services
- Location
- Maryland, United States
- Type
- Buyout
Dycom Industries has entered into a definitive agreement to acquire Power Solutions for a total valuation of $1.95 billion. The transaction is expected to close before the end of Dycom’s fiscal year, pending customary approvals, and will expand Dycom’s presence in mission-critical data center infrastructure through Power Solutions’ electrical contracting capabilities.
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November 16, 2025
- Buyer
- Legence
- Target
- The Bowers Group, Bowers
- Industry
- Industrial Services
- Location
- Maryland, United States
- Type
- Buyout
Legence has signed a definitive agreement to acquire The Bowers Group, a mechanical contractor based in Beltsville, Maryland, for approximately $475 million. The deal is designed to expand Legence’s mechanical fabrication footprint and deepen its reach into data center, technology, healthcare, and life sciences end markets, with closing expected in the first quarter of 2026.
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November 14, 2025
- Buyer
- MAI Capital Management
- Target
- Court Place Advisors, LLC
- Industry
- Wealth Management
- Location
- Maryland, United States
- Type
- Buyout
MAI Capital Management, a Cleveland-based registered investment adviser, has acquired Court Place Advisors, an Ellicott City, Maryland RIA with $366 million in assets under management. The deal expands MAI’s Mid‑Atlantic footprint and adds $366 million to the firm’s AUM; terms were not disclosed.
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November 12, 2025
- Buyer
- Diversis Capital
- Target
- Kermit
- Industry
- Healthcare Services
- Location
- Maryland, United States
- Type
- Growth capital
Diversis Capital has made a strategic growth investment in Kermit, a Brooklandville, Maryland‑based physician preference item (PPI) spend management and analytics platform. The capital will fund Kermit's geographic expansion across the United States, United Kingdom and Ireland and accelerate development of AI‑powered analytics and predictive capabilities to help hospitals control implantable device spend.
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- Buyer
- Reconomy, Lincoln Waste Solutions by Reconomy
- Target
- Integrated Waste Analysts
- Industry
- Environmental Services
- Location
- Maryland, United States
- Type
- Addon
London-based Reconomy has acquired Integrated Waste Analysts (IWA), a Hanover, Maryland industrial waste-management and recycling services provider, through its North American platform Lincoln Waste Solutions by Reconomy. The deal, IWA being the seventh add-on to the Lincoln platform, expands Reconomy's U.S. capabilities in data-driven waste services, equipment rental and commodity management as it scales across North America.
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November 11, 2025
- Buyer
- Safe Harbor Marinas
- Target
- Port Annapolis
- Industry
- Real Estate
- Location
- Maryland, United States
- Type
- Buyout
Safe Harbor Marinas closed its acquisition of Port Annapolis (a 16-acre, 250-slip marina and boatyard) on November 11, 2025, adding the facility to its global portfolio. As a result, subsidiary Bluewater Yacht Sales will relocate operations to the Port Annapolis site to expand storage, service capabilities, and yacht sales presence in the Annapolis/Chesapeake Bay market.
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November 10, 2025
- Buyer
- Miller Environmental Group, Coalesce Capital
- Target
- ACE Environmental Services
- Industry
- Environmental Services
- Location
- Maryland, United States
- Type
- Addon
Miller Environmental Group, a Coalesce Capital portfolio company, has acquired ACE Environmental Services, a full-service environmental contractor operating throughout the Mid-Atlantic. The deal expands Miller's Mid-Atlantic footprint and capabilities in remediation, emergency response, tank management and industrial cleaning as part of its disciplined consolidation strategy.
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November 5, 2025
- Buyer
- Ambac Financial Group, Inc.
- Target
- ArmadaCare
- Seller
- SiriusPoint Ltd.
- Industry
- Insurance
- Location
- Maryland, United States
- Type
- Buyout
Ambac Financial Group has completed its acquisition of ArmadaCare, a supplemental health insurance program manager, from SiriusPoint Ltd. ArmadaCare will operate as a wholly owned subsidiary of Ambac with its existing leadership team retained, bolstering Ambac’s accident and health capabilities and distribution footprint.
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November 5, 2025
- Buyer
- Frazier & Deeter
- Target
- Rosen, Sapperstein & Friedlander, LLC (RS&F)
- Industry
- Accounting & Tax
- Location
- Maryland, United States
- Type
- Buyout
Frazier & Deeter has completed its acquisition of Rosen, Sapperstein & Friedlander, LLC (RS&F), a Towson, Maryland–based CPA and advisory firm serving family offices, ultra-high-net-worth families, and middle-market organizations. The deal expands Frazier & Deeter's Mid-Atlantic footprint and broadens its advisory capabilities across industries including real estate, healthcare, government contracting, construction, manufacturing and technology.
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November 5, 2025
- Buyer
- Omega Systems
- Target
- PEAKE Technology Partners
- Industry
- IT Services
- Location
- Maryland, United States
- Type
- Addon
Omega Systems, a managed IT and cybersecurity provider, has acquired PEAKE Technology Partners, a Bowie, Maryland-based healthcare managed services provider, to deepen its HIPAA compliance, EHR and clinical AI capabilities and expand its Mid-Atlantic healthcare footprint. The deal is Omega's first acquisition since partnering with Revelstoke Capital Partners in January 2025 and is intended as an add-on to accelerate healthcare-focused managed services growth.
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November 4, 2025
- Buyer
- Huron
- Target
- AXIOM Systems (payor consulting services division)
- Seller
- AXIOM Systems
- Industry
- Healthcare Services
- Location
- Maryland, United States
- Type
- Divestiture
Huron (NASDAQ: HURN) has acquired the payor consulting services division of AXIOM Systems, adding approximately 40 AXIOM team members to strengthen Huron's payor-focused capabilities and accelerate its digital growth strategy. The division will be integrated into Huron's Healthcare operating segment; terms were not disclosed.
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October 27, 2025
- Buyer
- AlphaCore Wealth Advisory
- Target
- SPC Financial, Inc.
- Industry
- Financial Services
- Location
- Maryland, United States
- Type
- Buyout
AlphaCore Wealth Advisory has announced the acquisition of SPC Financial, a Rockville, Maryland-based wealth advisory and tax services firm. The deal adds about $1.5 billion in client assets and nearly 40 professionals, expanding AlphaCore’s East Coast footprint and strengthening integrated tax-wealth planning capabilities.
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October 24, 2025
- Buyer
- Electro-Mechanical, LLC
- Target
- Powercon Corporation
- Industry
- Manufacturing
- Location
- Maryland, United States
- Type
- Buyout
Electro-Mechanical, LLC has acquired Powercon Corporation, a Severn, Maryland-based manufacturer of custom medium voltage switchgear, e-houses, and modular substation power systems. The deal strengthens Electro-Mechanical's capabilities in medium voltage switchgear and integrated power distribution solutions for utility, data center, and critical infrastructure customers across North America.
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October 23, 2025
- Buyer
- Eudia
- Target
- Out-House
- Industry
- Legal Services
- Location
- Maryland, United States
- Type
- Buyout
Eudia, an AI-native platform for in-house legal teams, has acquired Out-House, a specialized legal services provider founded by Lynden Renwick. The deal brings Out-House's Fortune 500-focused legal operations and contracting expertise into Eudia's hybrid human+AI offering, with Lynden Renwick joining Eudia's leadership to expand enterprise service lines.
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October 23, 2025
- Buyer
- Federated Hermes, Inc.
- Target
- FCP Fund Manager, L.P.
- Industry
- Financial Services
- Location
- Maryland, United States
- Type
- Buyout
Federated Hermes, Inc. has reached a definitive agreement to acquire an 80% majority interest in FCP Fund Manager, L.P., a privately held U.S. real estate investment manager based in Chevy Chase, Maryland. The deal is expected to close in the first half of 2026, subject to customary conditions, and is intended to expand Federated Hermes’ private markets/alternatives and U.S. real estate capabilities.
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October 22, 2025
- Buyer
- Astra Service Partners, Orion Group, Alpine Investors
- Target
- Knott Mechanical, Inc.
- Industry
- HVAC & Mechanical
- Location
- Maryland, United States
- Type
- Addon
Astra Service Partners, a division of Orion Group and portfolio company of Alpine Investors, has made an investment in Knott Mechanical, Inc. SC&H Capital advised Knott Mechanical on the transaction. Knott Mechanical, founded in 2002, provides mechanical and HVAC maintenance, repair and retrofit services to over 1,700 buildings across the Mid-Atlantic.
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October 15, 2025
- Buyer
- Family Office of America, Inc., Family Office of Maryland
- Target
- Toone & Associates, LLP
- Industry
- Accounting & Tax
- Location
- Maryland, United States
- Type
- Buyout
Family Office of America, Inc. (FOFA), through its subsidiary Family Office of Maryland, has acquired Toone & Associates, a Maryland-based CPA firm. The deal launches FOFA's roll-up strategy to expand into accounting and tax services for high-net-worth individuals and families and to broaden its family office service platform.
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October 13, 2025
- Buyer
- Epiphany Dermatology
- Target
- Modly Dermatology
- Industry
- Healthcare Services
- Location
- Maryland, United States
- Type
- Addon
Epiphany Dermatology announced a partnership with Modly Dermatology to expand its presence in the Baltimore, Maryland market. Dr. Charlotte Modly and her single-location practice in Reisterstown, MD will join Epiphany's provider network and gain access to Epiphany's operational support and clinical resources.
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October 7, 2025
- Buyer
- Kaseya
- Target
- INKY
- Industry
- Cybersecurity
- Location
- Maryland, United States
- Type
- Buyout
Kaseya, the Miami-based provider of AI-powered IT management and cybersecurity software, has acquired INKY, an AI-driven email security provider focused on MSPs and SMBs. The acquisition brings INKY's generative-AI email protection into Kaseya's platform (including Kaseya 365 User) to strengthen email security capabilities and threat detection across Kaseya's MSP customer base.
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October 7, 2025
- Buyer
- Xcelerate Solutions, McNally Capital
- Target
- clearAvenue
- Industry
- IT Services
- Location
- Maryland, United States
- Type
- Addon
Xcelerate Solutions, a portfolio company of McNally Capital, has acquired clearAvenue, a Columbia, Maryland-based provider of software development, AI/ML, big data analytics and cloud services for federal agencies. The acquisition expands Xcelerate's technical capabilities and the combined business will operate as Xcelerate Solutions, with the combined organization representing roughly 1,500 technology professionals.
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- Buyer
- Bain Capital Real Estate, BlueWater Marinas
- Target
- Kent Narrows Boatel
- Seller
- Rob Marsh, Jody Schulz
- Industry
- Real Estate
- Location
- Maryland, United States
- Type
- Addon
Bain Capital Real Estate, working with marina operator BlueWater Marinas, has acquired Kent Narrows Boatel (KNB), a Class-A heated drystack marina on Kent Island, Maryland. The property — which offers 375 slips and over 12,000 square feet of commercial space — will become the fourth marina in the Bain/BlueWater portfolio and will be operated to enhance customer experience and regional market presence.
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October 3, 2025
- Buyer
- Merit Financial Advisors
- Target
- Obsidian Planning Solutions
- Industry
- Wealth Management
- Location
- Maryland, United States
- Type
- Buyout
Merit Financial Advisors acquired Obsidian Planning Solutions, adding $476 million in client assets and opening two new offices in Rockville and Columbia, Maryland. The deal—Merit's 50th acquisition—deepens Merit's business succession planning capabilities as partners Patrick Carroll and Todd Feldman and their team join Merit; financial terms were not disclosed.
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October 2, 2025
- Buyer
- Vectra AI
- Target
- Netography
- Industry
- Cybersecurity
- Location
- Maryland, United States
- Type
- Buyout
Vectra AI has acquired Netography, a cloud-native network observability vendor, to integrate Netography Fusion into the Vectra AI platform (rebranded as Vectra Fusion) and strengthen visibility across hybrid and multi-cloud environments. The deal combines Netography's agentless, software-defined observability with Vectra AI's AI-driven attack signal clarity to expand the platform's cloud-network security capabilities.
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October 1, 2025
- Buyer
- Elation Lighting Inc.
- Target
- X-Laser (X-Laser USA)
- Industry
- Manufacturing
- Location
- Maryland, United States
- Type
- Buyout
Elation Lighting Inc. has acquired the X-Laser brand and assets and launched X-Laser USA, an independent company operating from X-Laser’s Laurel, Maryland facility. The acquisition adds high-powered laser projectors and engineering capabilities to Elation’s product portfolio while establishing U.S.-based manufacturing and an East Coast service center.
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September 29, 2025
- Buyer
- Northrim Horizon
- Target
- ACG Systems
- Industry
- Telecommunications
- Location
- Maryland, United States
- Type
- Buyout
Northrim Horizon, a Mesa, Arizona-based permanent capital investment firm, has acquired ACG Systems, a Maryland-based systems integrator and technical service provider for mission-critical wireless communication systems. Northrim named Thomas Montalbano as CEO and said ACG will serve as a platform for additional organic growth and acquisitions in the wireless communication services industry.
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