In a Mother Earth-minded move, DC renewable energy growth firm Arcadia will be acquiring Colorado’s iSolar.
The Denver company specializes in providing a strong sales approach for community solar directly to the consumer. Community solar refers to communities coming together to purchase small solar energy projects.
According to Arcadia, iSolar’s direct sales approach will help the company inform customers and get the word out about the benefits of community solar. A statement from Arcadia called iSolar the country’s largest direct sales channel for community solar.
“iSolar’s expansive, nationwide sales network will help us deliver on our foundational vision to provide affordable, clean, and renewable energy to everyone,” wrote founder and CEO Kiran Bhatraju in a blog post. “And we’ll do it by directly engaging with communities who most often bear the burden of fossil fuel pollution. We are proud to welcome iSolar to the team, and we look forward to working together on our shared purpose of redefining accessibility and affordability in the energy industry.”
Arcadia recently raised $100 million in a Series D round announced in September. The acquisition of iSolar follows moves to acquire Real Simple Energy and Nanogrid.
Germantown, Maryland-based government service contractor Amentum Holdings will be acquiring Falls Church, Virginia’s PAE Incorporated in a deal valued at $1.9 billion, the companies announced.
The deal, which is a cash transaction for any outstanding shares of PAE stock, will create one of the largest government tech contracting companies in the area. Together, Amentum and PAE are expected to generate over $9 billion in revenue annually, and offer tech tools in synthetic training, sensor tech, intelligence, cyber and IT, space operations, environmental solutions and mission support.
“The acquisition of PAE complements Amentum’s growth into intelligence and technology services, deepens its relationship with key agencies such as the Department of State, NASA and the Intelligence Community, and meaningfully adds to Amentum’s scale, depth of client relationships and breadth of capabilities,” said Amentum CEO John Vollmer in a statement.
Rockville, Maryland pharma company Supernus Pharmaceuticals is acquiring California firm Adamas Pharmaceuticals, the companies announced in October.
In the deal, Supernus will receive ownership of two capsule products, GOCVRI and Osmolex ER, which both treat various aspects of Parkinson’s disease. Supernus will pay $8.10 per share in cash in a deal that’s valued at $450 million. The payment for the capsules will be payable upon sales.
“This acquisition represents a significant step to further build a strong and diverse Parkinson’s disease portfolio, and aligns with our focus of acquiring value-enhancing, clinically-differentiated medicines to treat CNS diseases,” said Jack Khattar, CEO of Supernus, in a statement. “We have a proven track record of strong commercial execution, and look forward to building on GOCOVRI’s growth momentum so that more patients can benefit from access to Adamas’ innovative neurological therapies.”
Here’s who else is moving in and out of the DMV:
- Following a number of recent acquisitions, McLean, Virginia IT services firm Ntiva will acquire Bethesda, Maryland’s NetLogicDC, a fellow IT services firm. The pair were partners for a number of years, and Ntiva said the acquisition will help it expand in the mid-Atlantic.
- Arlington, Virginia-based mental health data science company Qntfy was acquired by Sondermind, a Colorado company that pairs patients and therapists.
- Los Angeles-based Optimad Media acquired a majority stake in DSPolitical, a DC advertising firm.
- Bethesda, Maryland-based ecommerce surplus marketplace Liquidity Services acquired Silver Spring, Maryland’s Bid4Assets, which focuses on property auctions for the government.
- ManTech International Corporation, a Herndon, Virginia-based cyber and IT firm, inked an agreement with Gryphon Technologies in November. ManTech will acquire the DC defense engineering firm for $350 million.
- Florida higher education software company Anthology completed its merger with Blackboard, the DC edtech firm.
- Consilio, a DC-based legal and risk consulting firm, acquired the Special Counsel business from Switzerland’s Adecco Group. Consilio said the deal will offer it greater scale and resources.
- Rockville’s StarComplinace, a compliance tech firm for financial services, acquired Pentana Compliance. Pentana, previously known as Redland Solutions, is currently owned by Ideagen.
- Impel Capital, a private equity firm located in DC, acquired OMV Medical, a medical talent provider to the federal government based in Takoma Park, Maryland.
- San Francisco, California grant funding company Fluxx was acquired by ABS Capital Partners, a growth equity firm from DC.
- IT modernization company Sev1Tech, based in Woodbridge, Virginia, acquired Geocent, a Louisiana-based DevOps and engineering services provider to the federal government.
- St. Louis, Missouri private equity firm Thompson Street Capital Partners acquired Arlington’s CommonLook, a portfolio company of T-Base Communications. CommonLook develops software for electronic document management.
- Capital One, the fintech giant headquartered in McLean, acquired Boston, Massachussets’ Lola, which develops spending and travel software.
- Arlington’s Acendre, a talent management software provider, acquired UK-based Vacancy Filler, an onboarding tech firm.
- Rockville tech staffing firm Futuris Company acquired Fairfax-based IT consulting firm Akvarr for an undisclosed amount.
- Government cyber and IT company MasterPeace Solutions, based in Columbia, Maryland, acquired NoVa intelligence software firm Full Suite Solutions.
- Tenable Holdings, a Columbia cyber exposure firm, acquired California cloud-native security company Accurics.
- DC private equity firm Arlington Capital Partners acquired engineering company Systems Planning & Analysis, based in Alexandria.
- Cybersecurity training firm Cybrary, which is based in College Park, Maryland, partnered with Check Point Software to expand its education offerings.
- Class Technologies, the DC edtech firm, has partnered with Carahsoft Technology Corp to offer Class’ Zoom-based system in the US public sector market.