M&A Transactions in North Carolina

Daramic is a manufacturer and supplier of battery separators mainly polyethylene (PE) and phenolic resin separators for lead-acid batteries used in automotive, industrial and specialty battery applications. The Firm supports global battery manufacturing through a network of manufacturing plants and technical centers across North America, Europe, and Asia, including a production facility and R&D presence in India. Daramic was originally established in 1930 and is headquartered in Charlotte, North Carolina

Kingswood Capital Management
Investor
Private Equity Firm
Los Angeles, California
www.kingswood-capital.com

Asahi Kasei
Company
Chemicals
Tokyo, Japan
www.asahi-kasei.com

JGA Space & Defense manufactures advanced solid rocket motor insulators and nozzle assemblies, including precision-machined components for aerospace, space, and defense applications. JGA Space & Defense is headquartered in Huntersville, North Carolina.

Torque Capital Group
Investor
Private Equity Firm
New York, New York
www.torquecap.com

Joe GIbbs Racing
Company
Huntersville, North Carolina
www.joegibbsracing.com

French Broad Stone is a distributor of natural building stone, landscaping materials (such as boulders, stepping stones, flagstone, gravel, and mulch), and masonry supplies (tools, saw blades, mortar, sand, etc.) for both homeowners and professional contractors. French Broad Stone is based in Asheville, North Carolina.

SiteOne Landscape Supply
Company
Distribution
Roswell, Georgia
www.siteone.com

Plant Health Care is a biotechnology company that develops biologically-based crop-health products using patent-protected peptides to boost plant immunity, enhance stress resistance, and improve yields. Plant Health Care is based in Holly Springs, North Carolina.

PI Industries Ltd.
Company
Gurgaon, India
www.piindustries.com

Clinetic is a health software company that offers enterprise applications to healthcare providers and life sciences firms, designed to leverage electronic health record (EHR) data to identify and enrol patients in clinical trials. Clinetic was founded in 2017 and is based in Durham, North Carolina.

MRO
Company
Information Services
Norristown, Pennsylvania
www.mrocorp.com

Stuart Surles Insurance is an independent insurance agency that provides coverage for farm owners, crop operations, poultry/livestock facilities, and personal insurance products like auto, home, life, and health. The agency works with multiple insurance carriers to tailor insurance packages for clients across North Carolina, South Carolina, Virginia, Maryland, and Delaware. Stuart Surles Insurance is based in Angier, North Carolina.

King Risk Partners
Company
Insurance
Gainesville, Florida
www.king-insurance.com

Clarity Counseling Center provides individual, couples, child/adolescent and online therapy services, with specialisations including anxiety, depression, trauma, gender-affirming care and relationship counselling. Clarity Counseling Center was founded in 2015 and is based in Wilmington, North Carolina.

ARC Health
Company
Healthcare Services
Beachwood, Ohio
www.archealthpartners.com

Sealed Air is a provider of food safety and security, facility hygiene and product protection. Sealed Air serves an array of end markets including food and beverage processing, food service, retail, healthcare and industrial, and commercial and consumer applications. Sealed Air was formed in 1960 and is based in Charlotte, North Carolina.

CD&R
Investor
Private Equity Firm
New York, New York
www.cdr-inc.com
Advisors: Debevoise & Plimpton , Kirkland & Ellis , UBS Investment Bank , BofA Securities , Citi , Goldman Sachs , Lazard , Wells Fargo Securities , J.P. Morgan Securities , Mizuho , BNP Paribas CIB , RBC Capital Markets

Pike is a provider of construction, repair and engineering services for distribution and transmission powerlines and substations, with a growing portfolio of turnkey and renewable projects. Pike was founded in 1945 and is based in Charlotte, North Carolina.

TPG
Investor
Private Equity Firm
Fort Worth, Texas
www.tpg.com
Advisors: Simpson Thacher & Bartlett , Ropes & Gray , Moelis & Co.

La Caisse
Investor
Asset Manager
Québec, Quebec
www.lacaisse.com/en/investments/private-equity
Advisor: A&O Shearman

Spartan Environmental Technologies provides industrial water and wastewater-treatment solutions, with a focus on ozone generators, ozone water treatment systems, and advanced oxidation processes for commercial, government, and municipal clients. Spartan Environmental Technologies was founded in 2004 and is based in Butner, North Carolina.

PRM Filtration
Company
Environmental
Butner, North Carolina
www.prmfiltration.com

Advantage Investigations provides investigative services focused on insurance claims and fraud detection. The Company offers surveillance, special investigations, desktop research, and activity verification solutions to insurance carriers and self-insured organizations. Advantage Investigations was founded in 1998 and is headquartered in Kannapolis, North Carolina.

Align Capital Partners
Investor
Private Equity Firm
Dallas, Texas
www.aligncp.com
Advisor: Calfee, Halter & Griswold

Brighthouse Financial is a financial services company that offers life insurance and annuity products. Brighthouse Financial’s solutions include fixed, variable and indexed annuities, as well as term, whole and universal life insurance policies. Brighthouse Financial is based in Charlotte, North Carolina.

Aquarian Holdings
Company
Diversified
New York, New York
www.aquarianlp.com
Advisors: Skadden, Arps, Slate, Meagher & Flom , RBC Capital Markets

Pediatric Advanced Therapy provides pediatric therapeutic services including occupational therapy, physical therapy, speech therapy, counseling, psychological testing and ABA therapy for children with developmental delays, autism spectrum disorders and other special needs. The Company serves children and families in the Charlotte, North Carolina area. Pediatric Advanced Therapy was founded in 1999 and is headquartered in Mooresville, North Carolina.

JoyBridge Kids
Company
Healthcare Services
Brentwood, Tennessee
www.joybridgekids.com

PlantOPS provides digital manufacturing software solutions and consulting services for the life sciences and consumer products industries. PlantOPS was founded in 2023 and is headquartered in Cary, North Carolina.

ONDEX Automation
Company
Manufacturing
Oak Brook, Illinois
www.ondex.ai

Adwerx provides a digital advertising automation platform that enables real-estate agents, mortgage professionals, and other distributed sales teams to create personalized ads quickly and run them across websites, mobile apps, social media, and streaming TV. The Company’s service is designed to simplify brand-building, nurture relationships, and reach new audiences. Adwerx was founded in 2013 and is headquartered in Durham, North Carolina.

Imaginuity Interactive, Inc.
Company
Marketing
Dallas, Texas
www.imaginuity.com

Pesta, Finnie & Associates is a certified public accounting firm that provides tax preparation, accounting, and advisory services to individuals and businesses. The Firm offers services including business consulting, estate planning, IRS audit representation, and succession planning across multiple industries. Pesta, Finnie & Associates was founded in 1985 and is headquartered in Charlotte, North Carolina.

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