Mergers & Acquisitions

The Parking Spot Acquiring Park ’N Fly: Details

By Dan Anderson ● Feb 7, 2024

The Parking Spot (TPS) - a leading owner and operator of near-airport parking properties - announced the acquisition of Park ’N Fly (PNF), a near-airport parking sector owner/operator with 13 owned, leased, and managed facilities.

Why MSCI Is Buying Foxberry

By Annie Baker ● Feb 7, 2024

MSCI (a leading provider of mission-critical decision support tools and services for the global investment community) announced it has signed a purchase agreement to acquire Foxberry, a London-based provider of front-office index technology for investors. Foxberry was founded in 2014 with the goal of building and delivering investment solutions that are driven by technology, account for a specific set of criteria, and increase the value-add for end-users.

Gaming And Leisure Properties Buys Real Estate Assets Of Tioga Downs Casino Resort For $175 Million

By Annie Baker ● Feb 7, 2024

Gaming and Leisure Properties announced that it acquired the real estate assets of Tioga Downs Casino Resort in Nichols, NY from American Racing & Entertainment for $175 million. Simultaneous with the deal, GLPI and American Racing entered into a triple-net master lease agreement for an initial 30-year term.

Security Compass Buys Kontra From ThriveDX: Details

By Dan Anderson ● Feb 7, 2024

Security Compass has announced the acquisition of application security training software provider Kontra from ThriveDX, the global leader in cyber training and talent development. And this acquisition marks a pivotal step forward in Security Compass’s ongoing mission to empower businesses with application security solutions centered on a Security by Design approach.

CSW Industrials Deploys Over $30 Million To Execute Acquisition Strategy

By Noah Long ● Feb 7, 2024

CSW Industrials announced the strategic deployment of $30.3 million, excluding future earn-outs, upon completing the acquisitions of Dust Free, LP, Guardian Drain Lock, and Sure Grade Drain.

California Resources Buying Aera In A $2.1 Billion Deal: Details

By Noah Long ● Feb 7, 2024

California Resources (CRC) announced today it would buy Aera Energy in a deal valuing the company at $2.1 billion. This deal would enable the combined companies to double their production.

Aztec Software Acquires Financial Fitness Group: Details

By Annie Baker ● Feb 7, 2024

Aztec Software (an educational software company focused on helping adults make generational change through academic upskilling, workforce, and job-specific certification preparation, and wealth management and financial literacy programming) announced that it has acquired Financial Fitness Group (FFG), a provider of industry-leading interactive financial wellness solutions.

Why Lockmasters Is Buying JLM Wholesale

By Annie Baker ● Feb 7, 2024

Lockmasters (a portfolio company of Dominus Capital, L.P.) announced it acquired JLM Wholesale. JLM is a leading specialty wholesale distributor of commercial door hardware and security solutions.

Immunome To Buy AL102 From Ayala Pharmaceuticals, A Phase 3 Asset For Treating Desmoid Tumors

By Noah Long ● Feb 7, 2024

Immunome - a biotechnology company dedicated to developing first-in-class and best-in-class targeted cancer therapies - announced that it entered into a definitive asset purchase agreement with Ayala Pharmaceuticals (a clinical-stage oncology company) to acquire AL102 and related drug candidate AL101 from Ayala.

Why Lakeland Industries Is Buying Jolly Scarpe Footwear

By Annie Baker ● Feb 7, 2024

Lakeland Industries (a leading global manufacturer of protective clothing for industry, healthcare and first responders on the federal, state and local levels) announced the acquisition of Italy and Romania-based Jolly Scarpe S.p.A. and Jolly Scarpe Romania S.R.L. in an all-cash transaction valued at approximately $9.3 million subject to post-closing adjustments and customary holdback provisions.

Braemont Capital Buying Loenbro From Tailwind: Details

By Dan Anderson ● Feb 7, 2024

Braemont Capital (a relationship-driven investment firm that partners with exceptional companies at growth inflection points) announced that it had acquired Loenbro (a provider of highly technical and specialized services to the data center, infrastructure, and diversified industrial markets) from Tailwind Capital. The financial terms were not disclosed.

Why Novartis Is Buying MorphoSys For $2.9 Billion

By Annie Baker ● Feb 7, 2024

Novartis announced this week that it has agreed to make a voluntary public takeover offer to acquire MorphoSys AG, a Germany-based, global biopharmaceutical company developing innovative medicines in oncology.

Why Somafina Is Buying UST Corporation

By Annie Baker ● Feb 6, 2024

Heartwood Partners announced that its portfolio company Somafina has acquired UST Corporation, a contract manufacturer of vitamins, minerals, and supplements based in Layton, Utah. UST provides an end-to-end solution for its customers, ranging from formulation and product development to production and packaging.

Why DaySmart Is Buying Time To Pet

By Amit Chowdhry ● Feb 6, 2024

DaySmart Software (a leading provider of vertically focused business management software) announced the acquisition of Time To Pet (a leading provider of pet care software). This acquisition brings pet sitting and dog walking capabilities to existing DaySmart Pet customers and augments the company’s pet grooming and daycare offerings.

Why DNOW Is Buying Whitco Supply

By Annie Baker ● Feb 6, 2024

DNOW has agreed to acquire Whitco Supply, LLC in an all-cash transaction, subject to regulatory approvals and other customary closing conditions.

Why SageWater Is Buying AMA Repiping

By Dan Anderson ● Feb 6, 2024

Boyne Capital and Grindstone Partners announce the add-on acquisition of AMA Repiping by SageWater, LLC, a Boyne and Grindstone portfolio company.

Xcelerate Solutions To Merge With VMD Corp

By Annie Baker ● Feb 6, 2024

Xcelerate Solutions - a leading defense and national security company and portfolio company of McNally Capital - announced it has merged with VMD Corp.

Why Chartis Is Buying HealthScape Advisors

By Dan Anderson ● Feb 6, 2024

Chartis (a leading healthcare advisory firm) announced that it has acquired HealthScape Advisors (a leading healthcare payer consulting firm). Based in Chicago with 160 professionals, HealthScape helps payers across all segments, including commercial, Medicare, Medicaid, ACA, and federal, navigate the evolving healthcare landscape.

Why Clean Harbors Is Buying HEPACO For $400 Million

By Amit Chowdhry ● Feb 6, 2024

Clean Harbors has announced it has entered into a definitive agreement with Gryphon Investors to acquire HEPACO, a leading provider of specialized environmental and emergency response services in the Eastern United States, for $400 million in cash.

Why Haveli Is Buying ZeroFox For About $350 Million

By Amit Chowdhry ● Feb 6, 2024

ZeroFox Holdings (a leading provider of external cybersecurity) announced that it has entered into a definitive agreement to be acquired by Haveli Investments, a technology-focused private equity firm, in an all-cash transaction with an enterprise value of approximately $350 million.

Arlington Capital Partners Selling J&J Worldwide Services To CBRE For Up To $1.05 Billion

By Annie Baker ● Feb 5, 2024

Arlington Capital Partners - a Washington, D.C.-area private investment firm specializing in government regulated industries - announced it has agreed to sell J&J Worldwide Services to CBRE Group. J&J is a leading provider of essential and preventative maintenance activities to the U.S. Federal Government with over 250 hospitals, clinics and military installations and 3,300 employees globally.

Why Thoma Bravo Is Buying Everbridge For $1.5 Billion

By Amit Chowdhry ● Feb 5, 2024

Everbridge (a global leader in critical event management) and national public warning solutions announced that it has entered into a definitive agreement to be acquired by Thoma Bravo, a leading software investment firm, in an all-cash deal valuing Everbridge at approximately $1.5 billion.

Why Elanco Is Selling Its Aqua Business For $1.3 Billion

By Amit Chowdhry ● Feb 5, 2024

Elanco Animal Health announced it has agreed to sell its aqua business to Merck Animal Health for about $1.3 billion in cash, representing around 7.4 times the estimated 2023 revenue of the Elanco aqua business.

Why Dream Finders Homes Is Buying The Assets Of Crescent Homes

By Dan Anderson ● Feb 5, 2024

Dream Finders Homes announced that it has acquired the core homebuilding assets of privately held homebuilder Crescent Ventures. This acquisition will enhance Dream Finders' geographic footprint and allow Dream Finders to expand into Charleston and Greenville, South Carolina, and Nashville, Tennessee markets. The assets acquired include 457 homesites in varying stages of construction, a sales order backlog of approximately 460 homes with a value over $265 million, and about 6,200 lots under control.

OpenGate Capital Completes The Deal For Player One Amusement Group For C$155 Million

By Dan Anderson ● Feb 5, 2024

OpenGate Capital has completed its acquisition of Player One Amusement Group (P1AG) from Cineplex, Canada’s leading entertainment and media company. And OpenGate acquired all issued and outstanding common shares of P1AG for a total transaction value of CAD $155 million.

Arthur J. Gallagher Buys The John Galt Insurance Agency: Details

By Annie Baker ● Feb 5, 2024

Arthur J. Gallagher & Co. has announced the acquisition of Fort Lauderdale, Florida-based John Galt Commercial Insurance Agency and John Galt Insurance Agency (collectively referred to as The John Galt Insurance Agency). The terms of the deal were not disclosed.

Why Autodesk Is Buying PIX Of X2X

By Noah Long ● Feb 5, 2024

Autodesk recently announced it has agreed to acquire the PIX business of X2X. PIX is a production management platform for secure review and content collaboration between creatives and executives in the media and entertainment industry throughout the production process.

Rite Aid Completes The Sale Of Elixir Solutions To MedImpact For About $576.5 Million

By Annie Baker ● Feb 5, 2024

Rite Aid Corporation has completed the previously announced sale of its Elixir Solutions business to MedImpact Healthcare Systems for about $576.5 million.

Why Acerinox Is Buying Haynes International For $970 Million

By Noah Long ● Feb 5, 2024

Acerinox (a leading global company in the manufacturing and distribution of stainless steel and high-performance alloys) announced that it has entered into a definitive agreement under which Acerinox’s wholly-owned U.S. subsidiary – North American Stainless (NAS) will acquire Haynes International, a U.S. leading developer, manufacturer, and marketer of technologically advanced high-performance alloys, in an all-cash transaction.

Novo Holdings Buying Catalent In A $16.5 Billion Deal

By Amit Chowdhry ● Feb 5, 2024

Catalent (a leader in enabling the development and supply of better treatments for patients worldwide) and Novo Holdings (a holding and investment company that is responsible for managing the assets and wealth of the Novo Nordisk Foundation) announced that they have entered into a merger agreement under which Novo Holdings will acquire Catalent in an all-cash transaction that values Catalent at $16.5 billion on an enterprise value basis.