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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 Veralox Therapeutics - VLX-1005
Life Science
Frederick, Maryland

Veralox Therapeutics's VLX-1005 includes all the VLX-1005 and related 12-lipoxygenase (12-LOX) assets. VLX-1005 is a novel, potent, selective small-molecule inhibitor of 12-LOX, a key pathway driving immune platelet-mediated inflammation and a contributor to the pathogenesis of HIT. Veralox Therapeutics's VLX-1005 is based in Frederick, Maryland.

Divestiture

Cadrenal Therapeutics
Company
Life Science
Ponte Vedra, Florida
www.cadrenal.com

Veralox Therapeutics
Company
Life Science
Frederick, Maryland
www.veralox.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  
2025-12-08 AutoNation Toyota White Marsh
Automotive
Baltimore, Maryland
www.autonationtoyotawhitemarsh.com

AutoNation Toyota White Marsh is a Toyota dealership that sells new, used, and certified pre-owned vehicles. AutoNation Toyota White Marsh is based in Baltimore, Maryland.

Divestiture

AutoNation
Company
Automotive
Fort Lauderdale, Florida
www.autonation.com

Jerry's Automotive Group
Company
Automotive
Baltimore, Maryland
www.jerrysitsaboutyou.com

Deal Article Deal Link  
2025-12-03 Glass Jacobson
Business Services
Owings Mills, Maryland
www.glassjacobson.com

Glass Jacobson offers a proactive, integrated approach to financial services. Glass Jacobson's integrated services include tax preparation & planning, accounting & audit, strategic business consulting, divorce & litigation support, financial advisor services, financial planning, and 401 (k) services. Bringing these services together under one roof allows advisors to see the big picture and make decisions for business and life. Glass Jacobson was founded in 2001 and is based in Owings Mills, Maryland.

Divestiture

Mercer Advisors
Company
Financial Services
Denver, Colorado
www.merceradvisors.com

Yount, Hyde and Barbour
Company
Business Services
Winchester, Virginia
www.yhbcpa.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  
Avg $659
24.2x EBITDA
3.3x REVENUE

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