Acquisitions in Pennsylvania

  • Buyer
    GrayMatter, Tailwind Capital
    Target
    FTE Factory Advisors
    Type
    Buyout

    GrayMatter, a provider of industrial automation and digital transformation services, announced the acquisition of FTE Factory Advisors, a Lean transformation consultancy. Supported by investment partner Tailwind Capital, the deal expands GrayMatter’s ability to deliver end-to-end factory transformation by combining Lean methodology with digital and AI-enabled industrial intelligence.

  • Buyer
    SOCOTEC
    Target
    American Engineers Group (AEG)
    Type
    Buyout

    SOCOTEC announced the acquisition of American Engineers Group (AEG), a multidisciplinary engineering consultancy headquartered in Mechanicsburg, Pennsylvania. The deal adds nearly 60 professionals across four Mid-Atlantic offices and strengthens SOCOTEC’s U.S. infrastructure platform as it enters Pennsylvania and Maryland.

  • Buyer
    Blackstone Energy Transition Partners
    Target
    Advanced Cooling Technologies, Inc. (ACT)
    Type
    Buyout

    Funds managed by Blackstone Energy Transition Partners have entered into a definitive agreement to acquire a majority stake in Advanced Cooling Technologies (ACT), a U.S. manufacturer of thermal management and energy efficiency solutions. The transaction is expected to close in Q2 2026, subject to customary conditions, with ACT’s executive team remaining in place and continuing as significant shareholders.

  • Buyer
    KPS Capital Partners, LP
    Target
    Jennmar
    Seller
    Tony Calandra, FalconPoint Partners
    Type
    Buyout

    KPS Capital Partners, LP (KPS) signed a definitive agreement through a newly formed subsidiary to acquire a majority/control interest in Jennmar and its subsidiaries. Financial terms were not disclosed, and closing is expected in Q2 2026 subject to customary conditions and approvals.

  • Buyer
    Residential Home Health
    Target
    Covenant Home Health
    Type
    Buyout

    Residential Home Health, an affiliate of Graham Healthcare Group, acquired Covenant Home Health of Havertown, Pennsylvania, to expand its eastern Pennsylvania footprint, including Philadelphia and Delaware counties. The companies said Covenant Home Health employees will be retained and patient services will continue without interruption.

  • Buyer
    Universal Health Services
    Target
    Talkspace
    Type
    Buyout

    Universal Health Services (UHS) has entered into a definitive agreement to acquire Talkspace for $5.25 per share in a transaction valued at approximately $835 million. The deal will be financed using borrowings under UHS’s existing revolving credit facility and is expected to close in the third quarter of 2026, subject to approvals and customary conditions.

  • Buyer
    KDG
    Target
    Square Foot Consultants
    Type
    Buyout

    KDG, a professional services and advisory firm focused on business and technology solutions, acquired Square Foot Consultants, a Pennsylvania-based provider of business advisory, technology, and ERP consulting for mid-market manufacturers. The deal expands KDG’s capabilities in ERP, AI, business intelligence, and operational consulting, with Square Foot’s team integrating into KDG while continuing to support existing clients.

  • Buyer
    Omni Family of Services, 3LS Inc.
    Target
    JusticeWorks YouthCare
    Type
    Buyout

    Omni Family of Services acquired JusticeWorks YouthCare, a Pittsburgh-based social services agency focused on child welfare and juvenile justice programs. The deal expands Omni’s operating footprint from five to 10 states and increases combined headcount to more than 1,200 employees, with JusticeWorks staff becoming employee-owners through the 3LS Inc. network.

  • Buyer
    Essential Utilities, Inc. (Aqua Pennsylvania), Aqua Pennsylvania
    Target
    Greenville Municipal Water Authority
    Seller
    Greenville Municipal Water Authority Board (implied)
    Industry
    Infrastructure
    Type
    Buyout

    Essential Utilities, Inc. (NYSE: WTRG) announced that its Aqua Pennsylvania subsidiary finalized an $18 million purchase of the Greenville Municipal Water Authority in Mercer County, Pennsylvania. The system serves about 2,900 customers, and Aqua Pennsylvania plans to invest approximately $10 million over the next decade in upgrades and repairs to pipelines and system operations.

  • Target
    Endodontic Specialties of NEPA
    Seller
    Endodontic Specialties of NEPA
    Industry
    Dental

    Next Point LLC served as exclusive advisor to Endodontic Specialties of NEPA in connection with a completed practice transition; terms were not disclosed. Next Point guided the practice through evaluation of strategic alternatives, negotiation and closing, structuring the transaction to support continued clinical focus and the owner's long-term objectives.

  • Buyer
    The Heritage Group
    Target
    FORTA
    Seller
    Riverarch Equity Partners
    Type
    Buyout

    The Heritage Group, a fourth-generation family-owned industrial conglomerate based in Indianapolis, has acquired FORTA, a Pennsylvania-based maker of synthetic fiber reinforcement for asphalt and concrete, from Riverarch Equity Partners. Financial terms were not disclosed; the acquisition bolsters The Heritage Group's construction and materials portfolio and expands its capabilities in high-performance reinforcement solutions.

  • Buyer
    Arthur J. Gallagher & Co.
    Target
    B&W Insurance Agency, Inc.
    Industry
    Insurance
    Type
    Buyout

    Arthur J. Gallagher & Co. announced the acquisition of B&W Insurance Agency, Inc., a Washington, Pennsylvania-based insurance brokerage. The deal terms were not disclosed, and the B&W team will continue operating from its current location under Gallagher Select leadership.

  • Buyer
    OceanSound Partners
    Target
    Automated Financial Systems, LLC
    Industry
    Software
    Type
    Buyout

    OceanSound Partners, a New York-based private equity firm, has acquired Automated Financial Systems (AFS), a provider of commercial loan servicing and loan lifecycle management software. The deal will support accelerated product innovation, increased investment in sales and customer support, and AFS appointed Edward Jenkins as CEO to lead the company’s growth and modernization efforts.

  • Buyer
    Booz Allen Hamilton
    Target
    Defy Security, LLC
    Seller
    Sverica Capital Management LP
    Industry
    Cybersecurity
    Type
    Buyout

    Booz Allen Hamilton entered into a definitive agreement to acquire Defy Security as a wholly owned subsidiary. The acquisition is expected to close in Booz Allen’s fiscal first quarter 2027 (subject to customary closing conditions and regulatory approvals) and will combine Defy’s cyber solutions and vendor relationships with Booz Allen’s commercial and federal cybersecurity capabilities.

  • Buyer
    Tencarva Machinery Company, Bessemer Investors, LLC
    Target
    Hoffman-Kane Distributors, Inc.
    Type
    Addon

    Tencarva Machinery Company, a value-added distributor backed by Bessemer Investors, has acquired Hoffman-Kane Distributors, a Pittsburgh-based provider of industrial fluid handling and sealing solutions. The acquisition expands Tencarva's footprint across the Ohio Valley and Mid-Atlantic, secures exclusive OEM territorial rights, and brings additional technical capability and aftermarket services into Tencarva's platform.

  • Buyer
    PRIME AE Group, Inc., Platform Holdings Capital
    Target
    Klavon Design Associates, Inc.
    Type
    Addon

    PRIME AE Group, a Platform Holdings–managed architecture and engineering platform, has acquired Klavon Design Associates, Inc., a Pittsburgh-based landscape architecture and planning firm founded in 1996. The add-on expands PRIME AE’s capabilities in landscape architecture, planning, sustainability and federal work, particularly strengthening its experience serving the Department of Defense and other government clients.

  • Buyer
    Trive Capital
    Target
    PavCon

    Dallas-based private equity firm Trive Capital has made an investment in PavCon, a provider of predictive analytics and decision‑support software serving U.S. defense customers. The partnership will fund PavCon’s growth—investing behind its talent, technology and scalable operating model—to accelerate delivery of AI-driven predictive solutions; financial terms were not disclosed.

  • Buyer
    MPS Limited, MPS North America LLC
    Target
    Unbound Medicine, Inc.
    Type
    Buyout

    MPS Limited, through its wholly owned subsidiary MPS North America LLC, has acquired Unbound Medicine, an AI-driven clinical decision-support and healthcare education platform. The acquisition combines Unbound’s subscription-based institutional platform with MPS’s global platform engineering and learning solutions to expand MPS’s healthcare knowledge management capabilities and global reach.

  • Buyer
    CQL Capital, Star Mountain Capital, UMB Private Investments, Tecum Capital, Brookside Capital Partners, Everside Capital Partners
    Target
    Erie Strayer

    CQL Capital led a strategic investment in Erie Strayer, a fourth-generation, family-owned concrete batching solutions manufacturer. The partnership is intended to support Erie Strayer’s long-term growth by increasing investment in innovation, employee development, and expanded aftermarket service, while preserving its legacy, management team, and customer-focused culture.

  • Buyer
    Stratus Team, LLC
    Target
    Kestrel Engineering Group
    Industry
    IT Services
    Type
    Buyout

    Stratus Team, LLC has acquired Kestrel Engineering Group, expanding Stratus’ geographic reach into the Northwest and Upper Midwest while deepening its industrial process facilities engineering capabilities. The combined teams will provide multi-discipline engineering and project delivery across the full project lifecycle for energy, oil and gas, metals, and chemicals clients, with Kestrel’s teams remaining in place.

  • Buyer
    Manufacturing Corporation of America
    Target
    TRUKD
    Industry
    Manufacturing
    Type
    Addon

    Manufacturing Corporation of America (MCA) has acquired TRUKD, a U.S.-based truck bed rack manufacturer. TRUKD will operate within MCA's Metal One Fabrication facility to enable vertically integrated manufacturing, accelerate product development, improve supply-chain resilience, and scale production in support of Made-in-America growth.

  • Buyer
    AEA Investors
    Target
    Magna5
    Seller
    NewSpring Holdings (NewSpring)
    Industry
    IT Services

    AEA Investors’ Small Business Private Equity team made a majority investment in Magna5, a managed IT services and cybersecurity provider headquartered in Canonsburg, Pennsylvania. The transaction was completed alongside significant reinvestment from Magna5 management, with terms undisclosed, and is aimed at scaling Magna5’s national platform while expanding cybersecurity, compliance, and AI-enabled capabilities.

  • Buyer
    Merit Financial Advisors
    Target
    GlennCo, LLC
    Seller
    GlennCo, LLC, Glenn Cohen
    Type
    Buyout

    Merit Financial Advisors, an Atlanta-based wealth management firm, has acquired GlennCo, LLC, a Newtown, Pennsylvania-based wealth management practice overseeing approximately $208 million in assets; the transaction was finalized on February 6, 2026. The acquisition expands Merit’s footprint in Bucks County and establishes its seventh office in Pennsylvania; Glenn Cohen and his advisory team join Merit. Financial and legal terms were not disclosed.

  • Buyer
    Xactus
    Target
    Baleen Solutions
    Type
    Buyout

    Xactus has acquired Baleen Solutions, a technology provider specializing in automated self-employed income analysis. The acquisition strengthens Xactus360 by integrating Baleen capabilities into a new offering, Income CalculationX, to help lenders evaluate complex, multi-source income scenarios faster and with an auditable workflow.

  • Buyer
    Athena Global Advisors
    Target
    Ceisler Media & Issue Advocacy
    Type
    Addon

    Athena Global Advisors announced a merger with Ceisler Media & Issue Advocacy to expand and integrate their in-house client service capabilities. Ceisler Media will become an Athena company while continuing to operate under the Ceisler Media brand with leadership and staff remaining in place.

  • Buyer
    Aegis Software (Aegis Industrial Software), Peak Rock Capital
    Target
    Simio
    Industry
    Software
    Type
    Addon

    Aegis Software has completed its acquisition of Simio, combining Aegis’ manufacturing execution and operations software with Simio’s digital twin simulation and advanced planning and scheduling capabilities to create an integrated manufacturing operations platform. The deal, backed by Peak Rock Capital (Aegis' sponsor), expands Aegis’ product breadth and positions the combined company to serve global manufacturers with end-to-end execution, planning, and simulation tools; Simio’s founder will remain a shareholder.

  • Buyer
    Pye-Barker Fire & Safety
    Target
    Knight Security Systems
    Seller
    Keith E. Maley (owner), Knight Security Systems
    Type
    Buyout

    Pye-Barker Fire & Safety has acquired Knight Security Systems, a Harrisburg, Pennsylvania-based provider of security and fire alarm installation and 24/7 monitoring services. The acquisition expands Pye-Barker's presence in Central Pennsylvania and brings Knight's local teams and Knight Watch monitoring capabilities into Pye-Barker's national life-safety and security platform.

  • Buyer
    Bluespring Wealth Partners
    Target
    Coghill Investment Strategies
    Type
    Buyout

    Bluespring Wealth Partners has partnered with Pittsburgh-based Coghill Investment Strategies, bringing the advisory firm and its approximately $600 million in AUM into Bluespring's network of partner firms. The move supports succession planning and platform expansion by integrating Coghill's experienced advisory team into Bluespring's community and operational resources.

  • Buyer
    AutoManager, The Beekman Group
    Target
    Macrosmith
    Industry
    Software
    Type
    Addon

    AutoManager, a Beekman Group–backed dealer software provider, has acquired Macrosmith, a State College, Pennsylvania–based document management software company for automotive retailers. The acquisition adds document digitization, storage, and compliance capabilities to AutoManager's dealer management platform; terms were not disclosed.

  • Buyer
    Natus Sensory
    Target
    Keriton
    Industry
    Cloud & SaaS
    Type
    Buyout

    Natus Sensory has acquired Keriton, a U.S.-based provider of cloud-based neonatal and pediatric feeding management software. The acquisition integrates Keriton's feeding safety and workflow platform into Natus Sensory's newborn care portfolio to expand connected care capabilities and accelerate adoption across hospitals and NICUs worldwide.

  • Buyer
    Argano
    Target
    Pharosity Consulting
    Industry
    Consulting
    Type
    Buyout

    Argano has acquired Pharosity Consulting, a life‑sciences-focused consulting firm specializing in gross‑to‑net, government pricing, commercial contracting, and advanced analytics. The deal, announced January 27 and closed in December 2025, expands Argano's life sciences capabilities and deepens its finance, revenue, and analytics offerings for pharmaceutical and biotech clients.

  • Buyer
    BlueRidge Life Sciences, Renovus Capital Partners
    Target
    Design Science
    Type
    Addon

    BlueRidge Life Sciences, a Renovus Capital Partners portfolio company, has acquired Design Science, a human factors and usability engineering consultancy serving medical device, pharmaceutical, and biotechnology clients. The deal expands BlueRidge's human factors, usability testing, and use-related risk analysis capabilities and will let Design Science continue operating under its existing brand with current leadership.

  • Buyer
    Southfield Capital
    Target
    The Perfect Franchise
    Industry
    Consulting

    Southfield Capital has made a strategic growth investment in The Perfect Franchise (TPF), a franchise advisory and consulting firm, to support the company's expansion and enhance its advisory platform. TPF will remain under current leadership with founder and CEO Mark Schnurman continuing to run day-to-day operations while Southfield provides capital, operational support, and strategic resources.

  • Buyer
    KKR, TPG NewQuest, Ping'An Capital, China Post Insurance, Schroders Capital, Tsao Pao Chee, Novo Holdings
    Target
    Sylvan
    Industry
    Biotechnology

    KKR has completed an additional investment in Sylvan, a global mushroom spawn and fungal biotechnology company, with participation from TPG NewQuest, Ping'An Capital, China Post Insurance, Schroders Capital, Tsao Pao Chee and a follow-on from Novo Holdings. The funding will support Sylvan’s expansion—increasing production capacity, strengthening R&D, developing new product categories and deeper growth across Asian markets—while KKR remains the company’s majority investor.

  • January 21, 2026
    Buyer
    Puratos
    Target
    Vör Foods
    Industry
    Food & Beverage
    Type
    Buyout

    Puratos has acquired Vör Foods, a U.S.-based maker of ultra-clean-label nut butters and nut-based fillings, adding a dedicated SQF-certified nut facility in Trevose, Pennsylvania to its U.S. manufacturing footprint. The acquisition expands Puratos' nut ingredient capabilities to better serve bakery, confectionery and adjacent sweet-goods customers and enables closer technical collaboration and investment to scale Vör's capacity and R&D.

  • Buyer
    Propark Mobility
    Target
    Pittsburgh Valet
    Seller
    Rich Nerone
    Industry
    Transportation
    Type
    Buyout

    Propark Mobility has acquired Pittsburgh Valet, a regional valet-service provider, expanding Propark’s operations in Western Pennsylvania. The deal brings Pittsburgh Valet’s more than 20 years of hospitality- and event-focused parking experience into Propark’s national parking and mobility platform, providing additional technology and operational resources while preserving local service roots.

  • Buyer
    LBMC
    Target
    Torrillo & Associates
    Industry
    Accounting & Tax
    Type
    Buyout

    Brentwood-headquartered accounting and business consulting firm LBMC has acquired Torrillo & Associates, a Glen Mills, Pennsylvania-based specialist in employee benefit plan audits. Torrillo will operate as LBMC Philadelphia, expanding LBMC's northeastern footprint and strengthening its employee benefit plan audit capabilities; financial terms were not disclosed.

  • Buyer
    Water Street Healthcare Partners
    Target
    Pillr Health
    Seller
    Renovus Capital Partners
    Type
    Buyout

    Renovus Capital Partners has sold its portfolio company Pillr Health, a technology-enabled pharmacy optimization platform, to Water Street Healthcare Partners. Pillr Health provides software and tech-enabled services to help healthcare providers manage pharmacy operations, ensure 340B compliance, and improve financial and operational outcomes.

  • Buyer
    Raymond James
    Target
    Clark Capital Management Group
    Type
    Buyout

    Raymond James has reached an agreement to acquire Clark Capital Management Group, a Philadelphia-based asset manager with more than $46 billion in discretionary assets under management. The deal is expected to close in the third calendar quarter of 2026, subject to customary regulatory approvals, and Clark Capital will maintain its brand while operating as an independent boutique within Raymond James Investment Management.

  • Buyer
    Goliath
    Target
    Crazy Aaron's
    Type
    Buyout

    Goliath, the family-owned global games and toy manufacturer, has acquired Crazy Aaron's, maker of Thinking Putty and related sensory play products. Crazy Aaron's will operate as a distinct division headquartered in Pennsylvania as Goliath looks to scale the brand globally and collaborate on R&D, innovation, and international distribution.

  • Buyer
    O'Hara's Son Roofing, Angeles Equity Partners
    Target
    CP Rankin
    Industry
    Construction
    Type
    Addon

    O'Hara's Son Roofing (an Angeles Equity Partners portfolio company) acquired CP Rankin, a Chalfont, Pennsylvania-based commercial roofing services provider. The add-on expands OSR's presence across the Eastern U.S., complementing its service offering with CP Rankin's seven-location footprint and customer relationships.

  • Buyer
    Control Devices, HBM Holdings
    Target
    Sherwood Valve
    Industry
    Manufacturing
    Type
    Addon

    Control Devices, a portfolio company of HBM Holdings, has acquired Sherwood Valve to expand its compressed gas flow control portfolio and enhance engineering and manufacturing capabilities. The deal adds Sherwood's product lineup and brand (operations in Cleveland, Ohio and the Pittsburgh area) and brings about 75 employees to Control Devices; financial terms were not disclosed.

  • Buyer
    Titan America SA (via Titan America SA subsidiary), Titan America
    Target
    Keystone Cement Company
    Seller
    Fortaleza group, Uniland group, Tritadura group
    Industry
    Manufacturing
    Type
    Buyout

    Titan America SA’s subsidiary, Titan America, has entered into an agreement to acquire Keystone Cement Company, a Pennsylvania-based cement manufacturer and aggregates producer, for $310 million (subject to post-closing adjustments). The deal is expected to expand Titan America’s Mid-Atlantic footprint and drive operating and commercial synergies through integration with Titan America’s existing Essex Cement and Roanoke Cement operations, as well as fly ash processing assets. Closing is subject to regulatory approval and customary conditions.

  • Buyer
    The Baldwin Group
    Target
    Capstone Group
    Type
    Buyout

    The Baldwin Group (NASDAQ: BWIN) has completed its acquisition of Capstone Group, a Philadelphia‑area multi-line independent insurance brokerage. The deal expands Baldwin's regional footprint in the Philadelphia market and gives Capstone access to Baldwin's broader resources and scalable infrastructure while preserving Capstone's high‑touch service model.

  • Buyer
    Integrity Marketing Group, LLC
    Target
    AIMCOR Group, LLC
    Industry
    Insurance
    Type
    Buyout

    Integrity Marketing Group (Integrity) has acquired AIMCOR Group, a national insurance distribution organization based in Malvern, Pennsylvania. AIMCOR’s leadership and owners will remain with the business and become owners in Integrity as the companies integrate AIMCOR’s BGA-focused distribution, services and technology into Integrity’s life, health and wealth platform.

  • Buyer
    Pathful
    Target
    Jobready360
    Industry
    Education
    Type
    Buyout

    Pathful, the Raleigh-based career readiness and development company, has acquired Jobready360 to integrate its College and Career Readiness (CCR), Work-Based Learning (WBL), and Career and Technical Education (CTE) capabilities into Pathful's platform. The acquisition expands Pathful's product capabilities and customer base—adding hundreds of school district customers and the Jobready360 team to deliver a more comprehensive K-12 career readiness solution. Terms were not disclosed.

  • Buyer
    Thompson Safety
    Target
    Metropolitan Fire Protection
    Industry
    Construction
    Type
    Addon

    Thompson Safety, a Houston-based provider of fire protection and workplace safety services, has acquired Pennsylvania-based Metropolitan Fire Protection to expand its fire sprinkler and standpipe capabilities in the Philadelphia market. The deal strengthens Thompson's ability to serve commercial and industrial multi-site customers in Pennsylvania and creates cross-sell opportunities across its safety and first-aid service lines.

  • Buyer
    Frontline Road Safety, Bain Capital
    Target
    Surface Preparation Technologies (SPT)
    Seller
    Dominus Capital
    Industry
    Infrastructure
    Type
    Addon

    Frontline Road Safety, a Bain Capital portfolio company, has acquired Surface Preparation Technologies (SPT) from Dominus Capital. SPT, headquartered in New Kingstown, Pennsylvania, provides rumble strips and roadway safety services across the U.S.; the deal is an add-on to Frontline's road-safety platform and terms were not disclosed.

  • Buyer
    Wolf & Company, P.C.
    Target
    The Kafafian Group, Inc.
    Type
    Buyout

    Wolf & Company, P.C. has acquired The Kafafian Group, Inc., a Pennsylvania-based bank consulting firm, bringing the two firms together under the Wolf & Company brand to expand advisory capabilities for banks and credit unions. The combination is intended to create a more comprehensive financial-institution advisory platform covering strategy, performance measurement, regulatory assistance and related services.

  • Buyer
    Spatial Business Systems, Peak Rock Capital
    Target
    GeoSpatial Innovations, Inc.
    Industry
    Cloud & SaaS
    Type
    Addon

    Spatial Business Systems, a portfolio company of Peak Rock Capital, has acquired GeoSpatial Innovations, Inc. (GSI), a provider of distribution design and vegetation management software for the power and utility industry. The add-on acquisition, which closed January 2, 2026, expands SBS’s intelligent design platform with GSI’s cloud-based Distribution Design Studio (DDS) and mobile Forester field offerings to better serve utilities and infrastructure customers across North America and Europe.

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