Acquisitions in Pennsylvania in 2025

  • Buyer
    Hive Holdings Inc.
    Target
    FLUENT Corporation Pennsylvania dispensary operations (Hanover, Mechanicsburg, Annville)
    Seller
    FLUENT Corporation

    Hive Holdings Inc. acquired FLUENT Corporation’s Pennsylvania dispensary operations (three retail locations in Hanover, Mechanicsburg and Annville) for $12.5 million in cash in a transaction effective December 31, 2025. FLUENT said the divestiture was intended to strengthen its balance sheet, reduce leverage and sharpen strategic focus after federal rescheduling of marijuana; Hive will operate the acquired Pennsylvania retail locations going forward.

  • Buyer
    CoreX, NewSpring (NewSpring Holdings / NewSpring Capital)
    Target
    InSource (ServiceNow business unit)
    Seller
    InSource, Inc.
    Industry
    IT Services
    Type
    Addon

    CoreX, a ServiceNow Elite consulting platform backed by NewSpring, has acquired InSource's ServiceNow business unit, with the transaction closing in late December 2025. The deal brings InSource's 1,500+ ServiceNow implementations and strong CSAT to CoreX, more than doubling CoreX's U.S. headcount and expanding delivery capacity and capabilities across North America and Latin America.

  • Buyer
    Howmet Aerospace
    Target
    Consolidated Aerospace Manufacturing (CAM)
    Seller
    Stanley Black & Decker
    Type
    Buyout

    Howmet Aerospace has signed a definitive agreement to acquire Consolidated Aerospace Manufacturing (CAM) from Stanley Black & Decker for approximately $1.8 billion in an all-cash deal. The acquisition is intended to expand Howmet’s aerospace fastening systems business by adding CAM’s precision fasteners, fluid fittings, and other highly engineered components.

  • Buyer
    Brentwood Associates, Tenex Capital Management
    Target
    Perennial Services Group

    Brentwood Associates partnered with Tenex Capital Management to complete an equity recapitalization of Perennial Services Group. Perennial’s management team, led by CEO Jon Allen, reinvested and will remain significant shareholders. The transaction closed on December 23, 2025.

  • Buyer
    Galco Industrial Electronics, Inc.
    Target
    Ad‑Tech CCI, Inc.
    Seller
    James (Jim) Kiessling, Rex Rothrock
    Type
    Buyout

    Galco Industrial Electronics acquired Ad‑Tech CCI, Inc., a Harrisburg, Pennsylvania-based distributor of industrial controls, automation components, and identification products. The deal expands Galco’s presence in the Mid‑Atlantic and enhances product offerings, engineering support, and service capabilities for customers in the region.

  • Buyer
    Norwood Financial Corp
    Target
    PB Bankshares, Inc., Presence Bank
    Type
    Buyout

    Norwood Financial Corp, the holding company for Wayne Bank, received final regulatory approvals to acquire PB Bankshares, Inc. and its wholly owned subsidiary, Presence Bank. Subject to customary closing conditions, Norwood expects to close the merger on or about January 5, 2026, aiming to expand products and services across its market communities.

  • Buyer
    Creative Planning
    Target
    Marshall Financial Group
    Type
    Buyout

    Creative Planning has acquired Marshall Financial Group, a Doylestown, Pennsylvania-based registered investment advisor, adding more than $900 million in assets under management and 19 employees. The deal expands Creative Planning's Mid-Atlantic presence and gives Marshall Financial access to Creative Planning's nationwide planning, tax, trust, retirement, and family office capabilities.

  • Buyer
    Surmodics, Inc.
    Target
    Biocoat, Inc.
    Seller
    Biocoat, Inc.
    Industry
    Medical Devices
    Type
    Buyout

    Surmodics has completed a merger with Biocoat and formed a new division, Surmodics Services & Technologies (SST), to carry forward the portion of Biocoat's business remaining after divesting certain assets. SST, based in Horsham, Pennsylvania, will provide hydrophilic coating technologies, custom polymer formulations and full-service coating operations to medical device manufacturers worldwide.

  • Buyer
    Bessemer Investors, LLC
    Target
    Xanitos Inc.
    Seller
    Angeles Equity Partners, LLC
    Type
    Buyout

    An affiliate of Angeles Equity Partners has sold Xanitos Inc. to an affiliate of Bessemer Investors. Financial terms were not disclosed; Xanitos is a provider of hospital environmental and support services serving over 100 hospitals across more than 25 states, and Angeles had doubled the company's revenue and frontline headcount during its ownership.

  • Buyer
    AMSURG
    Target
    Advanced Center for Surgery
    Type
    Buyout

    AMSURG has acquired Advanced Center for Surgery, a 12,500 sq. ft. ambulatory surgery center in Altoona, Pennsylvania, marking AMSURG's first center in central Pennsylvania. The facility at 3280 Pleasant Valley Boulevard operates four operating rooms, is affiliated with 17 physicians across specialties including orthopedics, podiatry and ENT, and was the first ambulatory surgical center in the state to perform outpatient total joint replacements.

  • Buyer
    SupplyCo, Tecum Equity Alpha Management (TEAM), The Armstrong Group
    Target
    Precision Abrasives, D&S Tool & Supply
    Type
    Addon

    SupplyCo, the industrial-supply platform formed by Tecum Equity Alpha Management (TEAM) and The Armstrong Group, has acquired Precision Abrasives (Zelienople, PA) and D&S Tool & Supply (Mars, PA) as add-on acquisitions to expand its product line and technical capabilities. The transactions broaden SupplyCo's line card across abrasives, cutting tools and metal-removal products and bring two regional distributors into the platform.

  • Buyer
    Tyler Technologies
    Target
    Edu.Link Incorporated (Edulink)
    Industry
    Education
    Type
    Buyout

    Tyler Technologies has acquired Edu.Link Incorporated (Edulink), a Cranberry Township, Pennsylvania-based provider of K‑12 educator evaluation, compliance tracking, and workflow automation software. The acquisition expands Tyler's School ERP HR capabilities by integrating Edulink's PAETEP and Comply products to provide unified HR, compliance, and operational workflows for K‑12 districts.

  • Buyer
    Waverly Advisors, LLC
    Target
    Forefront Wealth Management
    Type
    Buyout

    Waverly Advisors, an RIA based in Birmingham, Alabama, has acquired Forefront Wealth Management of Malvern, Pennsylvania, expanding Waverly's Mid-Atlantic presence. The Forefront team will join Waverly and the deal adds approximately $257 million of AUM; the transaction closed on December 5, 2025.

  • Buyer
    OceanSound Partners
    Target
    Burns Engineering, Inc.
    Type
    Buyout

    OceanSound Partners, a New York-based private equity firm, has made a strategic/control investment in Burns Engineering, a Philadelphia-headquartered provider of electrical, mechanical and technology systems engineering for transportation and critical infrastructure markets. Burns' leadership team (including Matthew and John Burns) will retain significant ownership and continue to run the business as OceanSound backs growth initiatives and targeted acquisitions to expand capabilities and geographic reach. Financial terms were not disclosed.

  • Buyer
    Nordomatic US, Nordomatic
    Target
    Conexus, Inc.
    Seller
    Kurt Twiford
    Type
    Buyout

    Nordomatic US, the U.S. arm of global BMS provider Nordomatic, has acquired Conexus, Inc., a Middletown, Pennsylvania-based building management systems integrator. The deal brings Conexus's ~50 employees and sector expertise into Nordomatic US to expand its footprint across the mid‑Atlantic, strengthen technical capacity, and accelerate growth in education, healthcare and government markets.

  • Buyer
    Spotless Brands, Access Holdings
    Target
    Pete's Express Car Wash
    Seller
    Pete's Express Car Wash, Altringer family
    Industry
    Automotive
    Type
    Addon

    Spotless Brands, a portfolio company of Access Holdings, acquired Pete's Express Car Wash, adding six express-only sites in the Greater Philadelphia area that will operate under the Flagship Carwash brand. The transaction was financed via Spotless's expanded $450 million credit facility and supports the company's strategic expansion and densification across Philadelphia, New York and New Jersey.

  • Buyer
    The Hershey Company
    Target
    LesserEvil
    Industry
    Food & Beverage
    Type
    Buyout

    The Hershey Company has finalized its acquisition of LesserEvil, an organic snacks brand offering popcorn and puffs with better-for-you ingredients. The deal expands Hershey’s snacking portfolio across better-for-you and salty snack categories and adds additional manufacturing capacity while keeping LesserEvil’s leadership team in place.

  • Buyer
    Integrum
    Target
    True
    Industry
    Staffing & HR

    Integrum, a private investment firm, made a significant strategic investment in True, the Philadelphia-based executive talent management platform, to fund True's next phase of growth. As part of the partnership Integrum is adding senior leaders to True’s board to support expansion of its technology-led talent, advisory, and search offerings.

  • Buyer
    Business Development Resources (BDR)
    Target
    Plumbing CEO
    Seller
    Plumbing CEO, Nate Agentis
    Industry
    Consulting
    Type
    Buyout

    Business Development Resources (BDR) has acquired the Plumbing CEO brand and appointed its founder, Nate Agentis, as Director of the Plumbing Vertical. The acquisition brings Plumbing CEO's leadership development and training resources into BDR's suite to help expand and deepen BDR's offering for plumbing contractors across North America.

  • Buyer
    EnterOne
    Target
    Lumious
    Industry
    Education
    Type
    Buyout

    EnterOne has acquired Lumious in an acqui-hire to broaden its IT learning and development capabilities, particularly in cloud, DevOps, and AI-driven training. Lumious will continue to operate under its brand during the transition while leveraging EnterOne’s global infrastructure to expand service offerings across North America.

  • Buyer
    Macquarie Asset Management, UniSuper, Partners Capital
    Target
    Potters Industries LLC
    Seller
    TJC, L.P.
    Type
    Buyout

    Macquarie Asset Management-led consortium has entered into an agreement to acquire a majority stake in Potters Industries, a manufacturer of engineered glass beads and microspheres used in road infrastructure. The deal is expected to close in the first half of 2026, subject to regulatory approvals and customary closing conditions, with co-investment support from UniSuper and Partners Capital.

  • Buyer
    Polymer Adhesives Holdings, LLC, DalFort Capital Partners
    Target
    Fielco Adhesives
    Industry
    Manufacturing
    Type
    Addon

    Polymer Adhesives Holdings, a portfolio company of DalFort Capital Partners, has acquired Fielco Adhesives, a Huntingdon Valley, Pennsylvania-based manufacturer of industrial epoxy adhesive solutions. The add-on expands the platform's formulation capabilities and product portfolio to better serve customers across abrasive converting, paint applicators, grinding wheels, electronic encapsulation and other industrial end markets.

  • Buyer
    Axiom GRC
    Target
    IS Partners
    Industry
    Cybersecurity
    Type
    Addon

    Axiom GRC has acquired IS Partners, a U.S. cyber assurance and compliance services provider, to accelerate its North American expansion and broaden its cyber assurance and compliance offerings. IS Partners—headquartered in the Philadelphia area—serves roughly 600 customers with recurring audits across frameworks such as SOC 1/2, ISO 27001, HITRUST, HIPAA, PCI DSS and CMMC; the deal is Axiom's first U.S.-headquartered acquisition and its fifth since partnering with Inflexion.

  • Buyer
    Bluespring Wealth Partners
    Target
    Signature Wealth
    Seller
    Kestra Financial
    Type
    Buyout

    Bluespring Wealth Partners has acquired Pittsburgh-based Signature Wealth, an RIA overseeing approximately $1.41 billion in client assets. The deal advances Bluespring's national expansion while providing Signature Wealth with scale, back-office capabilities, and continuity planning.

  • Buyer
    Mobile Communications America (MCA)
    Target
    ComPros, Inc.
    Type
    Buyout

    Mobile Communications America (MCA) has acquired ComPros, Inc., a Motorola Elite Service Provider based in Pennsylvania, marking MCA’s strategic entry into the state and adding solution centers in Altoona and Chambersburg. The acquisition expands MCA’s national footprint and ability to deliver integrated communications, data, and security solutions to public safety, government and commercial customers in the region.

  • Buyer
    Trinity Life Sciences
    Target
    EVERSANA's APACME advisory services operation
    Seller
    EVERSANA

    Trinity Life Sciences has acquired EVERSANA’s advisory services operation across Asia-Pacific and the Middle East (APACME), bringing regional teams in Singapore, Tokyo, Mumbai, Shanghai, Sydney and Dubai into Trinity’s global footprint. The transaction deepens Trinity’s local life‑sciences commercialization capabilities while EVERSANA will continue to operate its broader commercialization services and maintain a strategic collaboration with Trinity for shared clients.

  • Buyer
    AssetMark Financial
    Target
    Efficient Advisors
    Seller
    Fiduciary Services Group (FSG)
    Type
    Buyout

    AssetMark Financial announced it plans to acquire Efficient Advisors, an asset management platform overseeing $3 billion in client assets, from Fiduciary Services Group (FSG). The deal is intended to strengthen AssetMark’s position in the registered investment advisor (RIA) channel and expand its wealth management capabilities and advisor network.

  • Buyer
    Greenlight Networks, Oak Hill Capital, Guggenheim Investments
    Target
    FastBridge Fiber
    Type
    Buyout

    Greenlight Networks entered into a definitive agreement to acquire Pennsylvania-based FastBridge Fiber. The deal is expected to close in mid-2026, subject to regulatory approvals and customary closing conditions, and aims to expand Greenlight’s high-speed fiber footprint in Pennsylvania and New York.

  • Buyer
    Bugcrowd
    Target
    Mayhem Security
    Industry
    Cybersecurity
    Type
    Buyout

    Bugcrowd has acquired Mayhem Security, an AI offensive security pioneer founded by Carnegie Mellon researchers, to integrate Mayhem's autonomous testing and reinforcement-learning capabilities into Bugcrowd's crowdsourced security platform. The acquisition (terms not disclosed) will combine Bugcrowd's hacker community with Mayhem's AI-driven offensive testing to deliver continuous, human-in-the-loop security across development and production; Dr. David Brumley will join Bugcrowd as Chief AI and Science Officer.

  • Buyer
    Netrix Global
    Target
    Ricoh USA IT Services business (ITS)
    Seller
    Ricoh USA, Inc.
    Industry
    IT Services

    Netrix Global has acquired the U.S.-based IT Services business (ITS) of Ricoh USA, Inc., expanding Netrix's managed services, cloud, infrastructure and collaboration offerings and broadening its geographic reach across the Northeast, Mid-Atlantic and Southeast. The deal brings Ricoh's ITS team and customer base into Netrix's cybersecurity and digital transformation platform and is intended to increase scale, technical specialization, and investment in product and talent.

  • Buyer
    Prospector Baseball Group
    Target
    Lancaster Stormers
    Seller
    Bob Zuckerman, Steve Zuckerman, Ian Ruzow, Rob Liss
    Type
    Buyout

    Prospector Baseball Group (PBG) announced its pending acquisition of the Lancaster Stormers, an MLB Partner League team in the Atlantic League of Professional Baseball. PBG plans to assume control from the Stormers’ previous ownership group and continue community engagement while enhancing club operations and the fan experience.

  • Buyer
    Net at Work
    Target
    LLB Partners
    Industry
    IT Services
    Type
    Buyout

    Net at Work, a North American technology advisor, has acquired LLB Partners, an ERP consulting firm founded in 1984 that supports Sage 100, Sage Intacct and Acumatica. The deal expands Net at Work's consulting, development and helpdesk capabilities and provides LLB's 300+ clients access to Net at Work's broader resources and services.

  • Buyer
    Wind River Environmental
    Target
    Keystone Wastewater Services
    Type
    Buyout

    Wind River Environmental has acquired Keystone Wastewater Services, a 20+ year grease pumping and drain cleaning specialist operating in central Pennsylvania, Ohio, and Maryland. The acquisition expands Wind River's service footprint around Loretto, Pennsylvania and strengthens its commercial grease and wastewater service capabilities in the mid-Atlantic region.

  • Buyer
    Chemstream
    Target
    Synthex Organics
    Industry
    Manufacturing
    Type
    Buyout

    Chemstream announced its merger with Synthex Organics to create a combined specialty chemical solutions platform operating under the Chemstream name. The combined company will integrate Chemstream’s distribution, logistics, and fluid systems expertise with Synthex’s specialty chemical manufacturing and R&D capabilities, expanding technical resources and customer offerings across oil and gas, water treatment, and industrial markets.

  • Buyer
    Old Republic International Corporation
    Target
    Everett Cash Mutual Insurance Co. (ECM) and its affiliated companies
    Industry
    Insurance
    Type
    Buyout

    Old Republic International Corporation (ORI) signed a definitive agreement to acquire Everett Cash Mutual Insurance Co. and its affiliated companies (ECM) following ECM’s planned sponsored demutualization conversion to a stock company. The transaction is pending regulatory and policyholder approval and is expected to close in 2026.

  • October 17, 2025
    Buyer
    Swoogo
    Target
    Amae Live
    Type
    Buyout

    Swoogo, the Los Angeles–based event management platform, has acquired Amae Live, a bespoke event technology and development firm founded by Leonora Valvo. The deal expands Swoogo’s Professional Services capabilities—adding custom development, creative builds, and deeper technical support for customers building branded and complex event experiences.

  • Buyer
    Certerra, OceanSound Partners
    Target
    Farabaugh Engineering & Testing Inc.
    Seller
    Farabaugh Engineering & Testing Inc. (founder Daniel G. Farabaugh / family)
    Type
    Addon

    Certerra, a portfolio company of OceanSound Partners, has acquired Farabaugh Engineering & Testing, a McKeesport, Pennsylvania-based provider of construction materials testing, auditing, and engineering services. The add-on acquisition (closed August 15, 2025) expands Certerra’s Analytical Labs and Building Products divisions and increases its technical capabilities and geographic presence in key U.S. markets, particularly the Northeast.

  • Buyer
    Allegheny Performance Plastics
    Target
    Holbrook Tool and Molding, Inc.
    Industry
    Medical Devices
    Type
    Buyout

    Allegheny Performance Plastics has acquired Holbrook Tool and Molding, Inc., a precision injection molding and tooling company based in Meadville, Pennsylvania. The transaction expands Allegheny’s medical molding and tooling capabilities, adding tight-tolerance mold building and insert molding expertise for medical manufacturing.

  • Buyer
    Sila Services, LLC
    Target
    Oxford Plumbing & Heating
    Type
    Addon

    Sila Services, a national home services platform, has acquired Oxford Plumbing & Heating, a long‑standing residential plumbing and heating provider serving Chester County, Pennsylvania. The add‑on expands Sila’s service footprint and capabilities in its founding market in Eastern Pennsylvania; financial terms and seller details were not disclosed.

  • Buyer
    Command Investigations
    Target
    Merge Investigations, Inc.
    Type
    Buyout

    Command Investigations, a national investigations firm headquartered in Lake Mary, Florida, has acquired Merge Investigations, Inc., a Lancaster, Pennsylvania–based provider of insurance defense and SIU investigative services. The acquisition expands Command's national footprint and strengthens its SIU and web (OSINT) investigation capabilities through Merge's S.C.A.N. program and experienced field teams.

  • Buyer
    C2A Security
    Target
    Vigilant Ops
    Industry
    Cybersecurity
    Type
    Buyout

    C2A Security has acquired Pittsburgh-based Vigilant Ops, a specialist in SBOM automation and product security for MedTech and healthcare customers. The acquisition integrates Vigilant Ops’ SBOM and compliance capabilities into C2A’s AI-driven product security orchestration platform to accelerate MedTech, defense, and telecom market expansion and strengthen regulatory and supply-chain security offerings.

  • Buyer
    Cherry Bekaert
    Target
    Herbein + Company, Inc.
    Industry
    Accounting & Tax
    Type
    Buyout

    Cherry Bekaert announced its intent to acquire Herbein + Company, Inc., a Pennsylvania-based CPA advisory firm, in a transaction expected to close later in October 2025. The deal is designed to expand Cherry Bekaert’s reach into Pennsylvania and broaden service offerings across key industries.

  • Buyer
    Professional Credit Service, Tonka Bay Equity Partners
    Target
    Virtual Accounts Receivable Outsourcing, LLC (VARO), BYL Services
    Type
    Addon

    Professional Credit Service (a Tonka Bay partner company) acquired Virtual Accounts Receivable Outsourcing, LLC (VARO) and BYL Services, both based in West Chester, Pennsylvania, to strengthen its national footprint and tech-enabled receivables and revenue cycle management capabilities. The deal expands Professional's east‑coast presence and adds patient-pay revenue cycle, collections and BPO capabilities; Professional is majority owned by Tonka Bay Equity Partners.

  • Buyer
    Avance Investment Management
    Target
    Barchemy, LLC
    Industry
    Food & Beverage

    Avance Investment Management has made a strategic minority investment in Barchemy, LLC, a developer and manufacturer of better-for-you chocolate and confectionery ingredients. Barchemy Founder and CEO Larry Toscano will retain a significant ownership stake and continue to lead the company as the business invests to expand capacity, facilities and product innovation; terms were not disclosed.

  • Buyer
    Carson Group (CWM, LLC)
    Target
    Carson Wealth — Pittsburgh office (Neal McGrath)
    Type
    Buyout

    Carson Group (CWM, LLC) announced it has fully acquired the Carson Wealth location in Pittsburgh, Pennsylvania, led by Neal McGrath, which manages about $358 million in AUM. The move consolidates a long-standing partnership and integrates the Pittsburgh office more tightly into Carson's national platform to support future growth and deeper client service.

  • Buyer
    Astara Capital Partners
    Target
    Garlock Flexibles, C-P Flexible Packaging, Garlock/C-P
    Industry
    Packaging
    Type
    Addon

    Astara Capital Partners led a continuation vehicle for Garlock Flexibles and completed the simultaneous merger with C-P Flexible Packaging in October 2025. The combination created Garlock/C-P, a top-15 flexible packaging manufacturer in North America with 10 facilities across the United States and Canada and new expanded packaging and sustainability capabilities.

  • Buyer
    Synchrony
    Target
    Versatile Credit
    Seller
    PSG
    Industry
    Software
    Type
    Buyout

    Synchrony (NYSE: SYF) acquired Versatile Credit, a consumer-financing software provider that connects merchants, lenders, and consumers through point-of-sale solutions. The acquisition brings Versatile’s multi-source financing platform and reporting capabilities into Synchrony to accelerate its consumer-financing technology roadmap while Versatile will continue serving other lenders and merchants.

  • Buyer
    VisuSewer, Fort Point Capital
    Target
    MOR Construction Services
    Seller
    Virginia Moore, Brian Moore
    Type
    Addon

    VisuSewer, a Fort Point Capital portfolio company, has completed the acquisition of MOR Construction Services, a Glen Mills, Pennsylvania‑based provider of utility and commercial wastewater infrastructure services operating across Pennsylvania, Delaware and New Jersey. The add‑on expands VisuSewer’s geographic presence into three new Mid‑Atlantic states and supports the platform’s goal of building a national leader in wastewater infrastructure services.

  • Buyer
    Creative Planning, LLC
    Target
    Financial Abundance
    Type
    Buyout

    Creative Planning, a large independent wealth management firm, has acquired Financial Abundance, a Pennsylvania-registered investment advisor, in a deal that closed Sept. 30 and will add over $275 million of AUM. The acquisition expands Creative Planning’s East Coast footprint and brings Financial Abundance founder Paul Nichols and his team into Creative Planning’s national platform.

  • Buyer
    Resonetics
    Target
    Eden Holdings, Eden Manufacturing, Eden Tool
    Industry
    Medical Devices
    Type
    Addon

    Resonetics has acquired Eden Holdings (comprising Eden Manufacturing and Eden Tool), adding precision micro-molding, insert-molding, and advanced machining and tooling to its MedTech manufacturing capabilities. The deal expands Resonetics' polymer and tooling capabilities to better serve medical device OEM end markets including robotic surgery, minimally invasive surgery, electrophysiology, and rapid diagnostics.

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