M&A Transactions in Pennsylvania

Carly Railcar Components distributes OEM railcar components and operates a core-exchange program for reconditioned parts. Carly Railcar Components was founded in 1995 and is based in Irwin, Pennsylvania.

FreightCar America
Company
Automotive
Chicago, Illinois
www.freightcaramerica.com

Ad-Tech CCI is a distributor of industrial controls, automation components, and identification products serving manufacturers and industrial operations. Ad-Tech CCI was founded in 1986 and is based in Harrisburg, Pennsylvania.

Galco
Company
Distribution
Madison Heights, Michigan
www.galco.com

Linkbank is a U.S. community bank that provides commercial banking, small-business lending, treasury management and personal banking services to individuals, professionals and businesses. The Company offers deposit products, commercial and consumer loans, SBA lending and digital banking services, serving local and regional markets through branch locations and relationship-based banking teams. Linkbank is based in Camp Hill, Pennsylvania.

Burke & Herbert Financial Services
Company
Financial Services
Alexandria, Virginia
www.burkeandherbertbank.com
Advisors: Troutman Pepper Hamilton Sanders , Keefe, Bruyette & Woods

American PowerNet is an independent energy management company that specializes in retail and wholesale electric procurement for large-scale consumers. American PowerNet was founded in 1994 and is based in Wyomissing, Pennsylvania.

Axpo
Company
Renewable Energy
New York, New York
www.axpo.com

Ross Buehler Falk is an accounting and consulting firm that provides professional services, including audit and assurance, tax planning and compliance, client accounting services, management and financial consulting, and industry-focused advisory for businesses and organisations. Ross Buehler Falk was founded in 1985 and is based in Lancaster, Pennsylvania.

Brown Plus
Company
Business Services
Camp Hill, Pennsylvania
www.brownplus.com

Xanitos is a provider of outsourced hospital housekeeping services across the United States. Its services include daily and post-discharge cleaning of patient rooms, cleaning and maintenance of flooring in common areas and passageways, and responding to situational cleaning needs. Xanitos was founded in 2008 and is based in Newtown Square, Pennsylvania.

Bessemer Investors
Investor
Family Office
New York, New York
www.bessemerinvestors.com
Advisors: Sidley , KeyBanc Capital Markets

Stellus Capital Management
Investor
Private Equity Firm
Houston, Texas
www.stelluscapital.com

MidCap Financial
Company
Financial Services
Bethesda, Maryland
www.midcapfinancial.com

Angeles Equity Partners
Investor
Private Equity Firm
Los Angeles, California
www.angelesequity.com

Stellus Capital Management
Investor
Private Equity Firm
Houston, Texas
www.stelluscapital.com

Forefront Wealth Management is a financial advisory firm that provides wealth and investment planning, retirement planning, risk and liability management, tax-efficient strategies, and fiduciary services to individuals, families, business owners, retirees, and professionals, helping them build, protect, and transition assets. Forefront Wealth Management is based in Malvern, Pennsylvania.

Waverly Advisors
Company
Financial Services
Birmingham, Alabama
www.waverly-advisors.com

Advanced Center for Surgery is an outpatient surgical facility that provides specialty surgeries across fields such as orthopaedics, podiatry (foot & ankle), plastic & reconstructive surgery, spine/neurosurgery, oral surgery, and ENT. Advanced Center for Surgery is based in Altoona, Pennsylvania.

AmSurg Corp.
Company
Healthcare Services
Nashville, Tennessee
www.amsurg.com

DryJect provides turf-aeration and soil-amendment services for golf courses, athletic fields, lawns, and other turfgrass surfaces. DryJect was founded in 1998 and is based in Hatboro, Pennsylvania.

APT
Company
Business Services
Aitkin, Minnesota
www.americanpeattech.com

Burns provides specialized engineering, technical design, and consulting services to the aviation, rail, power, utility, higher education, mission-critical, and healthcare end markets. The Company’s capabilities span electrical, mechanical, and technology systems engineering – core disciplines that support the existing modernization and buildout of next-generation infrastructure. Burns was formed in 1960 and is based in Philadelphia, Pennsylvania.

OceanSound Partners
Investor
Private Equity Firm
New York, New York
www.oceansoundpartners.com
Advisor: Skadden, Arps, Slate, Meagher & Flom

Edulink is a provider of educator evaluation, compliance tracking, and workflow automation solutions. Edulink was founded in 1998 and is based in Cranberry Township, Pennsylvania.

Tyler Technologies
Company
Information Technology
Plano, Texas
www.tylertech.com

Flagship Credit is an auto-finance company that provides specialized financing options, particularly for non-prime borrowers or those rebuilding credit. The Company offers flexible credit plans, competitive pricing, and dealer services, and manages its own servicing operations. Flagship Credit is headquartered in Chadds Ford, Pennsylvania.

InterVest Capital Partners
Investor
Lender
New York, New York
www.intervest.com
Advisors: Willkie Farr & Gallagher , Piper Sandler & Co.

Clean Earth is a U.S.-based environmental-services company that provides hazardous and non-hazardous waste disposal, recycling, soil remediation, dredged-material processing, and electronic/industrial-waste management services. It operates a large network of fully-permitted Treatment, Storage and Disposal Facilities (TSDFs) across the United States, offering services to industries such as manufacturing, chemical, retail, energy, infrastructure, pharmaceuticals, and government. Clean Earth was established in 1990 and is based in King of Prussia, Pennsylvania.

Veolia Environnement
Company
Consumer Services
Paris, France
www.veolia.com/fr
Advisors: Wachtell, Lipton, Rosen & Katz , Citi , Messier & Associés

Enviri
Company
Metals/Mining
Philadelphia, Pennsylvania
www.enviri.com
Advisors: Fried Frank Harris Shriver & Jacobson , BofA Securities

Assured Testing Services is an accredited laboratory that offers corrosion exposure, mechanical, and materials testing services across industries such as aerospace, automotive, construction, marine, and rail. Assured Testing Services was founded in 2001 and is based in Ridgway, Pennsylvania.

Laboratory Testing Services
Company
Test/Measurement Equipment
Long Island City, New York

Corner Water is a water utility company that serves clients in Pennsylvania. Corner Water is based in Shippenville, Pennsylvania.

Pennsylvania American Water Co.
Company
Utilities
Hershey, Pennsylvania
www.amwater.com/paaw

Pete’s Express Car Wash is a chain of fully automated, express-only car wash locations in the Greater Philadelphia area. They offer eco-friendly exterior washes using biodegradable chemicals and a water-filtration system, along with free vacuum stations. Pete’s Express Car Wash was formed in 1986 and is based in Horsham, Pennsylvania.

Spotless Brands
Company
Consumer Services
Oakbrook Terrace, Illinois
www.spotlessbrands.com