M&A Deal Summary

Magnolia River Acquires Heath and Associates

On April 30, 2024, Magnolia River acquired healthcare services company Heath and Associates

Acquisition Highlights
  • This is Magnolia River’s 1st transaction in the Healthcare Services sector.
  • This is Magnolia River’s 2nd transaction in the United States.
  • This is Magnolia River’s 1st transaction in North Carolina.

M&A Deal Summary
Date 2024-04-30
Target Heath and Associates
Sector Healthcare Services
Buyer(s) Magnolia River
Deal Type Add-on Acquisition

Target

Heath and Associates

Shelby, North Carolina, United States
website
Heath and Associates is an engineering and management consulting firm providing high-level engineering and management services. Heath and Associates was founded in 1960 and is based in Shelby, North Carolina.

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Buyer(S) 1

Buyer

Magnolia River

Decatur, Alabama, United States

website

Category Company
Founded 2000
Sector Engineering
DESCRIPTION

Magnolia River is a provider of inspection, engineering and design, and geographic information system (GIS) services for natural gas distribution and transmission pipeline and water utility infrastructure and operations. Magnolia River was founded in 2000 and is based in Decatur, Alabama.

DEAL STATS #
Overall 2 of 2
Sector (Healthcare Services) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (North Carolina) 1 of 1
Country (United States) 2 of 2
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-24 Storti Quality Services

Fort Washington, Pennsylvania, United States

Storti Quality Services provides gas service line inspection, gas leak detection, natural gas pipeline inspection, quality assurance, project management, and related consulting services for natural gas and electric utilities. Storti Quality Services is based in Fort Washington, Pennsylvania.

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