Mergers & Acquisitions

Why Atlas Energy Solutions Is Buying Hi-Crush In $450 Million Deal

By Amit Chowdhry ● Feb 29, 2024

Atlas Energy Solutions announced that it has entered into a definitive agreement with Hi Crush to acquire all of Hi-Crush’s Permian Basin proppant production assets and North American logistics operations in a transaction valued at $450 million.

Why RadNet Is Buying Houston Medical Imaging

By Amit Chowdhry ● Feb 29, 2024

RadNet - a national leader in providing high-quality and cost-effective outpatient diagnostic imaging services - announced that it has signed a definitive agreement to purchase the assets of seven imaging centers in the greater Houston, Texas metropolitan area from Houston Medical Imaging, LLC. And upon the closing of the acquisition - which is anticipated to occur during the Q2 2024 - RadNet will be entering its first new market since 2020. The deal is subject to customary closing conditions.

Why Big Lift Is Buying ePicker

By Amit Chowdhry ● Feb 29, 2024

Big Lift recently announced that it completed the acquisition of ePicker, a fast-growing material-handling equipment provider based in Fort Worth, Texas. Since its launch in 2021, ePicker has built an impressive network of industry-leading material handling distributors that market its portfolio of electric pallet jacks, stackers, access vehicles, and lithium-ion-powered forklifts to customers across North America.

Why Sandvik Is Buying Cimquest

By Amit Chowdhry ● Feb 28, 2024

Sandvik announced it had signed an agreement to acquire Cimquest, a US-based reseller of Computer Aided Manufacturing (CAM) solutions and one of the largest resellers in the Mastercam network.

Why HYPE Innovation Is Buying Planbox

By Amit Chowdhry ● Feb 28, 2024

HYPE Innovation and Planbox - two major players in innovation management – have announced a merger. This union creates an unparalleled platform, solidifying its commitment to empowering organizations to conquer the ever-evolving business world challenges, ensuring they are current and future-fit.

Why Workday Is Buying HiredScore

By Amit Chowdhry ● Feb 28, 2024

Workday - a leading provider of solutions to help organizations manage their people and money – announced it has entered into a definitive agreement to acquire HiredScore, a leading provider of AI-powered talent orchestration solutions that enable companies to use data-driven insights to improve recruiting and talent mobility processes.

Why Veradigm Is Buying ScienceIO For $140 Million

By Amit Chowdhry ● Feb 28, 2024

Veradigm - a leading provider of healthcare data and technology products and solutions - announced that it has signed a definitive agreement to acquire ScienceIO. The Veradigm Board of Directors has unanimously approved the deal and is expected to close as promptly as practicable following the satisfaction of customary closing conditions.

Barclays And Blackstone Agree To $1.1 Billion Of Credit Card Receivables Deal

By Amit Chowdhry ● Feb 28, 2024

Barclays PLC and Blackstone Credit & Insurance announced that Barclays Bank Delaware (BBDE) has entered into an agreement with insurance accounts managed by Blackstone’s Asset Based Finance group to sell approximately US$1.1 billion of currently outstanding credit card receivables in relation to a defined set of Barclays-branded credit card accounts in the United States of America. This is the first in a series of activities Barclays plans to conduct to reduce its risk-weighted assets (RWAs) and create additional lending capacity for BBDE.

Why Sparq Is Buying Nearshore Digital Engineering Firm Octobot

By Amit Chowdhry ● Feb 28, 2024

Sparq - a leading U.S.-based provider of outsourced digital engineering for technology driven and Fortune 1000 companies – announced it has acquired Octobot. This fast-growing nearshore digital engineering firm will expand Sparq’s digital product development services and nearshore delivery capabilities.

U.S. News & World Report Buying TheCultureTrip

By Amit Chowdhry ● Feb 28, 2024

U.S. News & World Report - a global leader in consumer advice and decision support - announced the acquisition of TheCultureTrip.com, a premier travel website with thousands of curated travel guides and a marketplace for tours worldwide.

Agiliti Being Taken Private By THL Partners In $2.5 Billion Deal

By Amit Chowdhry ● Feb 27, 2024

Agiliti - a nationwide provider of medical technology management and service solutions to the healthcare industry - announced that it has entered into a definitive merger agreement under which an affiliate of private equity firm Thomas H. Lee Partners, L.P. (THL), the company’s majority shareholder, will acquire all outstanding shares of Agiliti common stock not currently owned by THL and its affiliates and certain management shareholders for $10 per share in cash, implying an enterprise value of approximately $2.5 billion.

Why Modine Is Buying Scott Springfield Manufacturing

By Amit Chowdhry ● Feb 27, 2024

Modine (a diversified global leader in innovative thermal management and ventilation solutions) announced that it had entered into a definitive agreement to acquire Scott Springfield Manufacturing, a leading manufacturer of air handling units (AHU).

Why ServiceNow Is Buying The Atrinet NetACE Network Technology

By Amit Chowdhry ● Feb 27, 2024

ServiceNow - a leading digital workflow company making the world work better for everyone - announced it has signed an agreement to acquire NetACE network management and automation technology from Atrinet to accelerate business transformation for telecommunications companies (telcos). And once re-platformed into the ServiceNow platform, Atrinet’s NetACE technology will enable comprehensive, end-to-end network lifecycle management for telcos on a single, AI-first digital workflow platform.

Why AtlasClear Is Buying Technology Assets from Pacsquare Technologies

By Amit Chowdhry ● Feb 27, 2024

AtlasClear Holdings announced its acquisition and initiation of the integration into its operations of clearing and settlement code from Pacsquare Technologies. Following the closing of the business combination between AtlasClear and Quantum FinTech Acquisition Corporation, AtlasClear entered into and consummated an acquisition agreement with Pacsquare for front and middleware applications as contemplated by a previously disclosed letter of agreement between AtlasClear and Pacsquare.

Why kSARIA Is Buying Charles E. Gillman Company

By Amit Chowdhry ● Feb 27, 2024

kSARIA (a leading producer and supplier of mission-critical connectivity solutions for the aerospace and defense end markets and a portfolio company of Behrman Capital) announced that it has acquired Charles E. Gillman Company. The financial terms of the transaction were not disclosed.

Why Jasper Is Buying Clipdrop From Stability AI

By Amit Chowdhry ● Feb 27, 2024

Jasper - one of the world's biggest generative AI app companies - announced that it had agreed to acquire Clipdrop, an AI image creation and editing platform, from Stability AI. And this acquisition signifies a significant step forward in Jasper's capacity to deliver the most comprehensive, multimodal copilot for enterprise marketing teams.