Mergers & Acquisitions

LPL Onboards $340 Million Advisor Marcus Alexander

By Amit Chowdhry ● Jan 22, 2025

LPL Financial announced that financial advisor Marcus Alexander, CPFA, MBA, has joined LPL’s employee advisor channel, Linsco by LPL Financial, to launch Alexander Wealth Solutions. He reported serving approximately $340 million in advisory, brokerage, and retirement plan assets and joined LPL from Merrill Lynch. He will serve clients from LPL’s newest Linsco office in Newport Beach, California.

Kyle David Group Buying Kennedy & Associates

By Amit Chowdhry ● Jan 22, 2025

The Kyle David Group (KDG), a professional services firm specializing in technology, accounting, and strategy for small to mid-sized organizations, announced it has completed its asset acquisition of Kennedy & Associates, Certified Public Accountants. This move significantly enhances KDG's portfolio in small to midsized business tax, managed accounting, and fractional CFO services.

Spindrift Sells Majority Stake To Gryphon Investors

By Amit Chowdhry ● Jan 21, 2025

Spindrift Beverage - a leading maker of sparkling water with real squeezed fruit - announced that Gryphon Investors will buy a majority stake in the company. And Gryphon’s partnership coincides with the appointment of beverage industry veteran Dave Burwick as Spindrift’s new CEO. Bill Creelman, Spindrift’s Founder and current CEO, will move to a new role as Chair of Spindrift’s board.

Elevation Point Invests In Michigan-Based $750 Million AUM Firm Stonebrook Private

By Amit Chowdhry ● Jan 21, 2025

Elevation Point, a growth accelerator and minority stake partner for independent advisors and breakaway firms announced its strategic investment in Stonebrook Private, based in Northville, Michigan.

Agiloft Buying GenAI Contract Review Company Screens

By Amit Chowdhry ● Jan 21, 2025

Agiloft, a leader in data-first contract lifecycle management (CLM), announced the acquisition of Screens, the world's first standard-based and community-supported Generative AI contract review and redlining solution. This strategic deal will enhance Agiloft's Data-first Agreement Platform and contract management capabilities by standardizing the contract review process, promoting consistency, and unlocking the value of contract data with the collective expertise of a global community of legal professionals.

Homrich Berg Closes $6.4 Billion RIA WMS Partners Acquisition

By Amit Chowdhry ● Jan 20, 2025

HB Wealth Management (HB), a leading Atlanta-based fee-only wealth advisor, announced the closing of its acquisition of WMS Partners (WMS), a $6.4 billion AUM RIA headquartered in Towson, Maryland. This strategic deal enhances HB’s family office service offerings, strengthens its presence in the mid-Atlantic region, and positions the combined firm to better serve ultra-high-net-worth families across the U.S.

Sunflower Industrial Buys Controlling Interest Of Desco Floor Systems

By Amit Chowdhry ● Jan 20, 2025

Sunflower Industrial announced the acquisition of a controlling interest in Desco Floor Systems, one of the nation’s leading commercial and industrial resinous polymer system and polished concrete installers, headquartered northeast of Indianapolis in Fortville, Indiana.

FS Vector Buys Licensing Assets of APPROVED

By Amit Chowdhry ● Jan 20, 2025

Stone-Goff Partners (SGP) - a growth-focused private equity firm specializing in tech-enabled B2B service companies - announced that its portfolio company, FS Vector (FSV), has acquired APPROVED Licensing, which is a technology-enabled licensing platform in the financial services industry.

InfoSync Services Acquired By CogentHub

By Amit Chowdhry ● Jan 20, 2025

InfoSync Services, a provider of outsourced professional services, announced its sale from Staple Street Capital to CogentHub, a global business technology solution provider.

iCapital To Buy Parallel Markets To Advance Financial Identity Platform

By Amit Chowdhry ● Jan 20, 2025

iCapital (a fintech platform driving the world’s alternative investment marketplace for the wealth and asset management industries) and Parallel Markets (a leader in reusable financial identity, providing a scalable, end-to-end solution for investor onboarding, verification, and monitoring) announced they have entered a definitive agreement under which iCapital is expected to acquire Parallel Markets.

IBM To Buy Applications Software Technology

By Amit Chowdhry ● Jan 20, 2025

IBM intends to acquire Applications Software Technology, a global Oracle consultancy company. Applications Software Technology offers deep expertise in driving business transformations with Oracle Cloud Applications, including for clients in the public sector, such as local government and K-12 education.

ServiceNow To Buy Conversational Data Company Cuein

By Amit Chowdhry ● Jan 20, 2025

ServiceNow, an AI platform for business transformation, has agreed to acquire Cuein, a leader in AI native conversation data analysis and insights. And Cuein will help advance the effectiveness of ServiceNow AI Agents by enhancing their ability to understand, process, and transform data from siloed customer interactions across different channels and systems into a comprehensive analysis with actionable insights. This acquisition continues to fuel ServiceNow’s roadmap in agentic AI and reinforces its role as the AI platform for business transformation.

Hart Buying Detroit-Based Ageny Rebuild

By Amit Chowdhry ● Jan 20, 2025

Hart, a full-service independent brand transformation agency, announced the acquisition of Rebuild, an agency based in Detroit, Michigan.

EMCOR To Buy Miller Electric Company In $865 Million Deal

By Amit Chowdhry ● Jan 20, 2025

EMCOR Group announced that it has entered into a definitive agreement to buy Miller Electric Company, a leading electrical contractor serving high-growth areas across the Southeastern U.S., for $865 million in cash, subject to customary adjustments. The boards of directors of both of the companies unanimously approved the deal.

Capitol Imaging Services Buying Houston MRI

By Amit Chowdhry ● Jan 20, 2025

Clearview Capital Fund IV and its affiliates announced the acquisition of DRH & Associates (d/b/a Houston MRI & Diagnostic Imaging) by its portfolio company Capitol Imaging Services.

Waverly Advisors Buying Dickinson Investment Advisors

By Amit Chowdhry ● Jan 20, 2025

Waverly Advisors - a federally registered investment adviser (RIA) specializing in investment management, financial planning and wealth management solutions for a diverse group of high-net-worth individuals, corporate retirement plans and institutional clients, announced it has acquired Dickinson Investment Advisors, an investment advisory firm in Council Bluffs, Iowa. This partnership expands Waverly's reach into new markets across Iowa.

CertifID: Real Estate Wire Fraud Protection Company Acquires Paymints.io

By Amit Chowdhry ● Jan 20, 2025

CertifID, a leader in wire fraud protection for the real estate industry, announced it has acquired Paymints.io. This solution enables digital money transfers by title companies, law firms, and real estate brokerages. The deal marks a significant step forward in CertifID’s position as the most trusted partner for the industry to secure real estate transactions.

DoiT: Cloud Optimization Company Buying LiveDiagrams

By Amit Chowdhry ● Jan 20, 2025

DoiT, a leading global cloud optimization company offering DoiT Cloud Intelligence - a comprehensive multi-cloud platform powered by industry-defining expertise - announced the acquisition of LiveDiagrams, a cloud infrastructure visualization and analysis software.

Eyelit Technologies Buying Adexa For Expanding Supply Chain Solutions

By Amit Chowdhry ● Jan 20, 2025

Eyelit Technologies, a leader in optimized planning, scheduling, and execution systems for manufacturers, announced the acquisition of Adexa, a global provider of AI-driven supply chain and enterprise business planning solutions. This acquisition strengthens Eyelit’s ability to offer end-to-end smart factory solutions.

Crimson Phoenix Buying Intelligence Solutions Provider Blackspoke

By Amit Chowdhry ● Jan 20, 2025

Crimson Phoenix, a leading digital, data, and intelligence analysis and solutions platform backed by Godspeed Capital Management, announced the acquisition of Blackspoke. This acquisition further solidifies Crimson Phoenix’s position as a leader in AI-powered data labeling and geospatial intelligence solutions while adding prime contracts with the National Geospatial Intelligence Agency (NGA) and National Reconnaissance Office (NRO) and furthering innovation in these notable areas.

Creative Dock Buying nFrontier For Expanding Into Hardware Production

By Amit Chowdhry ● Jan 20, 2025

Creative Dock Group (CDG), a corporate venture builder and growth driver for companies in Europe and MENA, announced it has acquired nFrontier, an award-winning specialist in product experience and industrial design. And the innovation studio is known for its product development for clients such as Airbus, BMW, Dräxlmaier, and Vossloh. CDG’s clients include Adidas, Ahold, Amadeus, Avast, Bekaert, Holcim, Mondelēz, JTI, and Veolia.

United Rentals To Buy H&E Equipment Services In $4.8 Billion Deal

By Amit Chowdhry ● Jan 20, 2025

United Rentals and H&E Equipment Services announced their entry into a definitive agreement under which United Rentals will acquire H&E for $92 per share in cash, reflecting a total enterprise value of approximately $4.8 billion, including roughly $1.4 billion of net debt.

Cetera Brings In Advisors With $255 Million In Combined AUA: Jennifer Read and Terri Steele

By Amit Chowdhry ● Jan 20, 2025

Financial advisor firm Cetera Financial Group recently announced that advisors Jennifer Read, Terri Steele, and their team have joined Cetera Advisors. Read, Steele and their team, who have a combined $255 million in assets under administration as of September 1, 2024, are joining Cetera from Osaic. Read and Steele decided to make the switch to Cetera to enjoy increased flexibility to work together.

Wabtec To Buy Evident’s Inspection Technologies Unit In $1.78 Billion Deal

By Amit Chowdhry ● Jan 20, 2025

Wabtec announced a definitive agreement to buy Evident’s Inspection Technologies division (Inspection Technologies), formerly part of the Scientific Solutions Division of Olympus Corporation - a global leader in Non-Destructive Testing, Remote Visual Inspection, and Analytical Instruments solutions for mission-critical assets.

Clearwater Analytics To Buy Enfusion For About $1.5 Billion

By Amit Chowdhry ● Jan 20, 2025

Clearwater Analytics and Enfusion announced an entry into a definitive merger agreement for Clearwater to acquire Enfusion, a leader in software-as-a-service (SaaS) solutions for the investment management and hedge fund industry. The purchase price was $11.25 per share, delivered in an equal mix of cash and stock. And Clearwater will pay $30 million to terminate Enfusion’s tax receivable agreement (TRA). This totals a purchase price of approximately $1.5 billion.

T-Mobile Buying Vistar Media For $600 Million: Details

By Amit Chowdhry ● Jan 18, 2025

T-Mobile announced it entered into a definitive agreement to acquire Vistar Media, a leading provider of technology solutions for digital-out-of-home (DOOH) advertisements, reaching millions of consumers in their daily lives. T-Mobile will buy all of Vistar’s industry-leading capabilities through the T-Mobile Advertising Solutions business, includes its intelligent marketplace and technology solutions for buying, selling, and managing media campaigns across a global network of over 1.1 million digital screens provided by nearly 370 OOH media owners and serving more than 3,000 brand partner advertisers.

SuperDial Buying MajorBoost For Expanding Voice AI Capabilities

By Amit Chowdhry ● Jan 17, 2025

SuperDial, a voice AI company automating phone calls for healthcare organizations, has acquired MajorBoost. This fellow innovator has developed an AI-powered system to automate waiting on hold and navigating insurance companies’ Interactive Voice Response (IVR) phone trees. And this acquisition augments SuperDial’s capabilities in automated dialing, IVR and hold navigation, and collecting information over the phone from live representatives.

NV5 To Buy Infrastructure Engineering Provider Group Delta

By Amit Chowdhry ● Jan 17, 2025

NV5, a technology, certification, and consulting solutions provider, has agreed to acquire Group Delta, a provider of infrastructure engineering, testing, and environmental PFAS services. Based in Irvine, California, Group Delta specializes in Southern California's large-scale water, electrical utility, and transportation infrastructure.

Apollo To Buy Argo Infrastructure Partners, Adding $6 Billion Of Assets

By Amit Chowdhry ● Jan 17, 2025

Apollo has agreed to acquire Argo Infrastructure Partners, a leading mid-market asset manager targeting essential infrastructure assets in North America, in a stock and cash transaction. And at closing, Argo will add about $6 billion of high-quality assets to the Apollo infrastructure platform and an experienced team of more than 20 professionals focused on core and core plus infrastructure equity opportunities.

Advisor360° Buys GenAI Provider Company Parrot AI

By Amit Chowdhry ● Jan 16, 2025

Advisor360°, a leading provider of integrated technology for enterprise wealth management firms, announced it acquired Parrot AI, a Boston-based generative AI technology firm. This deal builds on Advisor360°’s existing AI capabilities with the addition of Parrot AI’s premium software—enabling advisors to record, transcribe, and summarize meetings to produce shareable notes and files that securely and seamlessly integrate with all major meeting and conferencing platforms.