Mergers & Acquisitions

Why Perforce Is Buying Delphix

By Amit Chowdhry ● Feb 15, 2024

Perforce Software (a provider of solutions to enterprise teams requiring productivity, visibility, and scale along the development lifecycle backed by Francisco Partners and Clearlake Capital Group, L.P.) announced that it has signed a definitive agreement to acquire Delphix. The financial terms of the deal were undisclosed.

Why Motorola Solutions Is Buying Silent Sentinel

By Amit Chowdhry ● Feb 15, 2024

Motorola Solutions announced it has acquired Silent Sentinel, a provider of specialized, long-range cameras based in Ware, United Kingdom.

Tuckahoe Acquiring Leading Industrial Equipment Company Gateway Dealer Network

By Amit Chowdhry ● Feb 15, 2024

Tuckahoe Holdings (a family-run diversified holding company) announced the acquisition of Gateway Dealer Network (GDN), a prominent provider of industrial equipment, from Brightstar Capital Partners (a middle-market private equity firm). And GDN CEO John Hopper and the senior management team are expected to continue to lead the company moving forward. The terms of the deal were undisclosed.

Why Salesloft Is Buying Drift

By Amit Chowdhry ● Feb 15, 2024

Salesloft (a provider of one of the first AI-powered Revenue Orchestration Platforms) announced the acquisition of Drift, the buyer experience and Conversational AI company. And the combination of Salesloft and Drift enables companies to orchestrate a personalized, omnichannel buyer journey powered by AI, providing an optimal buying experience that drives higher quality pipeline and revenue outcomes.

Renesas Buying Altium For $5.9 Billion: Details

By Amit Chowdhry ● Feb 15, 2024

Renesas Electronics (a supplier of advanced semiconductor solutions) and Altium Limited (a global leader in electronics design systems) announced they have entered into a Scheme Implementation Agreement (SIA) for Renesas to acquire Altium by way of a Scheme of Arrangement under Australian law.

Expro Buying Coretrax For $210 Million: Details

By Amit Chowdhry ● Feb 14, 2024

Coretrax has marked the latest phase of its ambitious growth strategy by entering an agreement for Expro to acquire the business in a multi-million-dollar deal. This acquisition will accelerate the availability of Coretrax’s innovative, high-value-adding tools by utilizing Expro’s global operating footprint. The total consideration to be paid at closing is approximately $210 million.

Why HiBob Is Buying UK Payroll Automation Platform Pento

By Amit Chowdhry ● Feb 14, 2024

HiBob (the company behind Bob, the modern HR platform for midsized multinationals) announced the acquisition of the cloud-based UK payroll automation platform Pento, subject to closing conditions.

Why LPL Financial Is Buying Atria Wealth Solutions

By Amit Chowdhry ● Feb 14, 2024

LPL Financial Holdings announced that the firm has entered into a definitive purchase agreement to acquire Atria Wealth Solutions (a wealth management solutions holding company headquartered in New York). Atria supports about 2,400 advisors and 150 banks and credit unions, managing approximately $100 billion of brokerage and advisory assets. Launched in 2017, Atria operates a network of broker-dealer subsidiaries focused on supporting independent financial advisors and institutions nationwide.

Teledyne To Acquire Adimec: Details

By Annie Baker ● Feb 13, 2024

Teledyne Technologies announced it agreed to acquire Adimec Holding B.V. and its subsidiaries. Adimec – founded in 1992 and headquartered in Eindhoven, Netherlands - develops customized high-performance industrial and scientific cameras for applications where image quality is paramount.

Whole Earth Brands To Be Acquired By Sababa Holdings

By Noah Long ● Feb 13, 2024

Whole Earth Brands (a global food company enabling healthier lifestyles through premium plant-based sweeteners, flavor enhancers and other foods) confirmed that the company entered into a definitive agreement pursuant to which Ozark Holdings, LLC (which, in the future, plans to do business as Sweet Oak Parent), an affiliate of Sababa Holdings FREE, LLC will acquire all of the outstanding shares of the company’s common stock that it does not already own in an all-cash transaction for $4.875 per share.

Why Huron Is Buying Management Consulting Firm GG+A

By Amit Chowdhry ● Feb 13, 2024

Global professional services firm Huron announced it has agreed to acquire GG+A, which is a leading philanthropic management consulting firm that helps education institutions and healthcare, arts and other nonprofit organizations build and accelerate the philanthropic programs that support their mission. Successful fundraising programs and campaigns can play a pivotal role in helping organizations achieve their strategic objectives and widen their impact.

Nordic Capital Buying SaaS Core Modernization Company Zafin

By Amit Chowdhry ● Feb 13, 2024

Nordic Capital announced it has signed an agreement to acquire a majority share in Zafin, a leading provider of SaaS core modernization and transformation solutions for financial institutions around the world. The investment was made in close partnership with Zafin's founders and management - who will reinvest in the company alongside Nordic Capital.

Why ADC Aerospace Is Buying Cast-Rite

By Annie Baker ● Feb 13, 2024

ADC Aerospace (a leading manufacturer of complex, highly-engineered turnkey die-cast parts used in critical applications in the aerospace, defense, medical, automotive and specialty industrial markets) has acquired Cast-Rite, a leading provider of advanced die casting and fabrication solutions.

Trading Technologies Buying ATEO: Details

By Amit Chowdhry ● Feb 13, 2024

Trading Technologies International (TT) - a global capital markets technology platform provider - announced a definitive agreement for TT to acquire ATEO SAS, a leading provider of post-trade solutions for listed derivatives, expanding TT's reach into clearing and other middle-office technologies and services. The terms of the transaction, expected to close on February 29, were not disclosed.

Why Tandym Group Is Buying Kolter Solutions

By Noah Long ● Feb 13, 2024

Tandym Group (a national consulting, recruitment, and workforce solutions company) announced that it has acquired Kolter Solutions (a technology staffing company). The terms of the deal were not disclosed.

Why HTEC Is Buying SYRMIA

By Noah Long ● Feb 13, 2024

HTEC (an end-to-end digital product development and engineering services company) based in San Francisco announced the acquisition of SYRMIA (an embedded software engineering company based in Belgrade, Serbia). This deal is part of HTEC’s overall strategy to further enhance its capabilities in AI, machine learning, and embedded technologies, creating additional value for clients and providing growth opportunities for the talent of both companies.

Why Diamondback Energy Is Buying Endeavor Energy For About $26 Billion

By Amit Chowdhry ● Feb 12, 2024

Diamondback Energy and Endeavor Energy Resources announced that they have entered into a definitive merger agreement under which Diamondback and Endeavor will merge in a transaction valued at about $26 billion, including Endeavor’s net debt. This combination will create a premier Permian independent operator.

ContextLogic To Sell Operating Assets And Liabilities Associated With Wish To Qoo10 For $173 Million

By Dan Anderson ● Feb 12, 2024

ContextLogic (d/b/a Wish) announced that its Board of Directors unanimously approved an agreement to sell substantially all of its operating assets and liabilities, principally comprising its Wish e-commerce platform to Qoo10 ( an ecommerce platform operating localized online marketplaces in Asia) for approximately $173 million in cash, subject to certain purchase price adjustments. The purchase price represents about $6.50 per share and an approximately 44% premium to ContextLogic’s closing stock price on February 9, 2024, the last trading day prior to announcing the transaction.

Why Gilead Sciences Is Buying CymaBay Therapeutics For $4.3 Billion

By Annie Baker ● Feb 12, 2024

Gilead Sciences and CymaBay Therapeutics announced a definitive agreement under which Gilead will acquire CymaBay for $32.50 per share in cash or a total equity value of $4.3 billion. Adding CymaBay’s investigational lead product candidate seladelpar for treating primary biliary cholangitis (PBC), including pruritus, complements Gilead’s existing liver portfolio and aligns with its long-standing commitment to bringing transformational medicines to patients.

Why Bounteous And Accolite Are Merging

By Amit Chowdhry ● Feb 10, 2024

Bounteous (a digital innovation partner of the world's most ambitious brands) and Accolite Digital (a leading digital engineering, cloud, data & AI services provider) announced a merger, creating a new end-to-end digital transformation services consultancy that partners with leading brands around the globe to co-innovate and drive exceptional client outcomes.

Why Barclays Is Buying Tesco’s Retail Banking Business

By Amit Chowdhry ● Feb 9, 2024

Barclays announced that Barclays Bank UK PLC entered into an agreement to acquire the retail banking business of Tesco and enter into an exclusive long-term partnership to offer Tesco branded credit cards, personal loans and deposits. Tesco’s retail banking customer base is broadly similar to Barclays UK’s existing customers and will complement the current business, as well as build on the existing UK strategic partnerships with other leading retail, consumer electronics and loyalty program brands.

Beamer And Userflow Merge To Create A Product Team Growth Toolkit Giant

By Annie Baker ● Feb 9, 2024

As part of a strategic move that marks a significant milestone in the product management landscape, Beamer has announced a merger with Userflow. This partnership reinforces the companies' positions as leading providers of no-code product adoption and engagement platforms and expands their combined capabilities by offering a consolidated toolkit for leading product-led growth (PLG) teams worldwide. The combined company plans to be a major player in the Digital Adoption Platform space.

Carlyle To Sell Jagex To CVC And Haveli

By Amit Chowdhry ● Feb 9, 2024

Global investment firm Carlyle and CVC (a leading global private markets manager) announced that CVC Capital Partners Fund VIII and Haveli Investments have agreed on the acquisition of Jagex, a leading developer and publisher of video games.

Why Premier Radiology Services Is Buying NationalRad

By Annie Baker ● Feb 9, 2024

Premier Radiology Services announced the acquisition of Specialists in Diagnostic Imaging, a leading provider of subspecialty teleradiology services. The financial terms of the transaction were not disclosed.

Owens Corning Buying Masonite For $3.9 Billion: Details

By Amit Chowdhry ● Feb 9, 2024

Owens Corning (a leader in global building and construction materials) and Masonite International (a leading global provider of interior and exterior doors and door systems) announced they have entered into a definitive agreement under which Owens Corning will acquire all outstanding shares of Masonite for $133 per share in cash, representing an approximate 38% premium to Masonite’s closing share price on February 8, 2024 and an approximate 46% premium to Masonite’s 20-day volume-weighted average price.

Why Virtusa Is Buying BRIGHT

By Annie Baker ● Feb 9, 2024

Virtusa (a global provider of digital strategy, digital engineering, and IT services) announced an expansion to its business solutions portfolio through the acquisition of BRIGHT, one of the largest elite partners to ServiceNow and Splunk in EMEA. This deal will enable Virtusa to deliver business solutions to its existing customer base and expand its European presence.

Why Gryphon Investors Is Selling HEPACO To Clean Harbors For $400 Million

By Amit Chowdhry ● Feb 8, 2024

Gryphon Investors (a leading middle-market private equity firm) announced that it has signed an agreement to sell HEPACO, LLC to Clean Harbors (a leading provider of environmental and industrial services) in a deal valued at $400 million. The transaction is subject to customary closing conditions.

Why AArete Is Buying Technology Consulting Firm Legerity

By Annie Baker ● Feb 8, 2024

AArete (a leading global management and technology consulting firm) announced that it has acquired Legerity (a technology consulting firm based in Norfolk, Virginia). This strategic acquisition will expand AArete’s technology solutions and capabilities for its clients in healthcare, financial services, and the public sector.

Why Aurora Cannabis Is Buying MedReleaf Australia USA

By Dan Anderson ● Feb 8, 2024

Aurora Cannabis - a Canada-based leading global medical cannabis company - announced that a wholly-owned subsidiary of the company acquired the remaining approximately 90% equity interest of Indica Industries Pty Ltd that Aurora did not previously own, at an enterprise value of AUD$50 million, subject to customary adjustments. Aurora paid AUD$9.45 million in cash with the balance of the purchase price satisfied by the issuance of common shares of Aurora.

Why Radiant Logistics Is Buying Select Logistics And Select Cartage

By Dan Anderson ● Feb 8, 2024

Radiant Logistics (a leading provider of technology-enabled global transportation and value-added logistics solutions) announced it has acquired Select Logistics and Select Cartage, both Doral, Florida-based, privately held companies that have operated as part of its Adcom Worldwide brand since 2007.