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Date Target Transaction Type
Value: $mlns
Acquirer Seller
2025-12-19 TechPro Power Group
Test/Measurement Equipment
Crofton, Maryland
www.techpropowergroup.com

TechPro Power Group, through its subsidiaries TDS and Potomac, is a provider of electrical, instrumentation, and controls testing and NETA-certified electrical testing and power quality surveys to the power, utility, refining, datacenter, institutional and commercial markets. TechPro Power Group was founded in 1993 and is based in Crofton, Maryland.

Add-on Acquisition

IPS
Company
Business Services
Greenville, South Carolina
www.ips.us

Crescentia Capital
Investor
Private Equity Firm
Towson, Maryland
www.crescentiacapital.com

Deal Article Deal Link  
2025-12-16 Clearview Wealth Advisors
Financial Services
Columbia, Maryland
www.cvwealthadvisors.com

Clearview Wealth Advisors is an investment advisory firm that provides wealth management, financial planning, and portfolio management services to individuals, families, and institutions. Clearview Wealth Advisors is based in Columbia, Maryland.

Add-on Acquisition

EP Wealth Advisors
Company
Business Services
Torrance, California
www.epwealth.com

-
Deal Article Deal Link  
2025-12-15 Hope for Henry
Healthcare Services
Glen Echo, Maryland
www.hopeforhenry.org

Hope for Henry is a nonprofit organisation focused on improving the hospital experience for children facing serious illnesses and their families. Hope for Henry is based in Glen Echo, Maryland.

Add-on Acquisition

MedStar Health, Inc.
Company
Healthcare Services
Columbia, Maryland
www.medstarhealth.org

-
Deal Article Deal Link  
2025-12-12 Gruber-Latimer Restoration
Construction
Sharpsburg, Maryland
www.gl-restore.com

Gruber-Latimer Restoration is a masonry restoration firm that provides preservation, repair, and rebuilding services for historic stone and brick structures. Gruber-Latimer Restoration was founded in 1968 and is based in Sharpsburg, Maryland.

Add-on Acquisition

Morgan-Keller
Company
Construction
Frederick, Maryland
www.morgankeller.com

-
Deal Article Deal Link  
2025-12-11 Economy Propane
Distribution
Baltimore, Maryland
www.economy-propane.com

Economy Propane is a bulk propane distributor serving residential and commercial customers in the Mid-Atlantic region. Economy Propane is based in Baltimore, Maryland.

Add-on Acquisition

Reliable Energy Partners
Company
Oil/Gas Exploration
Valrico, Florida
www.reliable-ep.com

-
Deal Article Deal Link  
2025-12-11 Veterans Engineering
Information Technology
Rockville, Maryland
www.veteransengineering.net

Veterans Engineering is a U.S. technology and professional-services company providing IT transformation, cloud computing, cybersecurity, operational excellence, healthcare technology solutions and advisory services to federal agencies and commercial clients. The firm focuses on strategic enterprise planning, cloud migration and optimization, infrastructure operations, and industry-aligned consulting to support mission-critical digital modernization efforts. Veterans Engineering is based in Rockville, Maryland.

Add-on Acquisition

Aretum
Company
Information Technology
Bethesda, Maryland
www.aretum.com

-
Deal Article Deal Link  
2025-12-09 Marshall Financial Group
Financial Services
Hunt Valley, Maryland
www.marshallfinancialgroup.com

Marshall Financial Group is an investment-advisory and financial-planning firm that provides personalised financial planning, investment management, and wealth-management services to individuals and families. Marshall Financial Group is based in Hunt Valley, Maryland.

Advisors: Kleinbard , DeVoe & Company
Add-on Acquisition

Creative Planning
Company
Financial Services
Overland Park, Kansas
www.creativeplanning.com

-
Deal Article Deal Link  
2025-12-09 CapCity Beverage
Beverages
Hyattsville, Maryland
www.capcitybeverage.com

Capitol Beverage is a licensed alcohol importer and wholesaler of wines, spirits and related products. CapCity Beverage is based in Hyattsville, Maryland.

Add-on Acquisition

SETO Holdings
Company
Beverages
Hanover, Maryland
www.seto-holdings.com

-
Deal Article Deal Link  
2025-12-09 KSI Professional
Furniture
Baltimore, Maryland
www.ksipro.com

KSI Professional manufactures presentation furniture, including lecterns, desks, credenzas, equipment racks, presenter’s carts and professional loud-speaker/audio systems for corporate, government, educational, and institutional clients. KSI Professional is based in Baltimore, Maryland.

Add-on Acquisition

Monkey in the Metal
Company
Furniture
Baltimore, Maryland
www.monkeyinthemetal.com

-
Deal Article Deal Link  
2025-12-02 Burt Wealth Advisors
Financial Services
North Bethesda, Maryland
www.burtwealth.com

Burt Wealth Advisors is an investment-advisory firm that offers wealth management, financial planning, retirement and tax planning, education funding, estate and charitable planning, and investment management services. Burt Wealth Advisors was founded in 1985 and is based in North Bethesda, Maryland.

Advisor: Gorman Jones
Add-on Acquisition

Creative Planning
Company
Financial Services
Overland Park, Kansas
www.creativeplanning.com

-
Deal Article Deal Link  
2025-11-26 Magma Build Studios
Engineering
Baltimore, Maryland
www.magmabuild.com

Magma Build Studios, a custom fabricator known for architectural finishes, custom metalwork, lighting, and one-of-a-kind sculpture. Magma Build Studios is based in Baltimore, Maryland.

Add-on Acquisition

Hatch X
Company
Engineering
Elkridge, Maryland
www.hatchx.com

-
Deal Article Deal Link  
2025-11-19 Power Solutions
Electrical Equipment
Bowie, Maryland
www.powersolutions-llc.com

Power Solutions offers electrical contracting services focused on mission-critical environments, including data centres, hospitals, government buildings and telecommunications facilities. Power Solutions was founded in 1998 and is headquartered in Bowie, Maryland.

Advisor: Miles & Stockbridge
Add-on Acquisition
Value

$1,950

Dycom
Company
Engineering
Palm Beach Gardens, Florida
www.dycomind.com

Advisors: Weil Gotshal & Manges , Goldman Sachs

-
Deal Article Deal Link  
2025-11-14 Bowers
Construction
Beltsville, Maryland
www.webowers.com

Bowers provides mechanical services including speciality piping, sheet-metal work, steel piping prefabrication and commissioning for sectors such as base-building, healthcare, service construction, tenant, mission-critical new construction and retrofit. Bowers was founded in 1984 and is based in Beltsville, Maryland.

Revenue (mlns) 767 USD
EBITDA (mlns) 72 USD
Add-on Acquisition
Value

$475

0.6x Revenue

6.6x EBITDA

Legence
Company
Business Services
San Jose, California
www.wearelegence.com

-
Deal Article Deal Link  
2025-11-10 Ace Environmental
Environmental
Baltimore, Maryland
www.aceenvironmental.net

Ace Environmental provides environmental contracting services including chemical spill cleanup, hazardous waste removal, hydro excavation, and emergency spill response. Ace Environmental serves industrial, commercial, and government clients across Maryland, Washington, DC, and Virginia, offering tank management, site remediation, and compliance consulting. Ace Environmental was founded in 2005 and is headquartered in Baltimore, Maryland.

Add-on Acquisition

Miller Environmental Group
Company
Environmental
Calverton, New York
www.millerenv.com

-
Deal Article Deal Link  
2025-11-05 Rosen, Sapperstein & Friedlander
Business Services
Towson, Maryland
www.rsandf.com

Rosen, Sapperstein & Friedlander provides accounting, audit, tax planning, and business advisory services to family offices, ultra-high-net-worth individuals, and middle-market organizations. The Firm delivers specialized support across industries, including aviation ownership, supply chains, government contracting, healthcare, manufacturing, and nonprofit management. Rosen, Sapperstein & Friedlander was founded in 1979 and is headquartered in Towson, Maryland, United States.

Add-on Acquisition

Frazier & Deeter
Company
Business Services
Atlanta, Georgia
www.frazierdeeter.com

-
Deal Article Deal Link  
2025-10-28 WebFirst
Information Technology
Kensington, Maryland
www.webfirst.com

WebFirst is a web applications company specializing in serving federal agencies, state agencies, higher education institutions, non-profits, and associations. WebFirst was founded in 1996 and is based in Kensington, Maryland.

Advisor: Quantive
Add-on Acquisition

Redhawk Federal Solutions
Company
Information Technology
Arlington, Virginia
www.redhawkfederal.ai

-
Deal Article Deal Link  
Avg $640
23.0x EBITDA
2.9x REVENUE

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