Mergers & Acquisitions

LPL Brings In $280 Million FA John Somerville

By Amit Chowdhry ● Jan 7, 2025

LPL Financial announced that financial advisor John Somerville has joined LPL’s employee advisor channel, Linsco by LPL Financial, to launch Somerville Wealth Management. He reported serving approximately $280 million in advisory, brokerage, and retirement plan assets and joins LPL from D.A. Davidson & Co. He will operate from a new Linsco office in Santa Barbara, California.

Stryker To Buy Inari Medical In $4.9 Billion Deal

By Amit Chowdhry ● Jan 7, 2025

Stryker - a leader in medical technologies - announced a definitive agreement to acquire all of the issued and outstanding shares of common stock of Inari Medical (Trades on Nasdaq under ‘NARI’) for $80 per share in cash, representing a total fully diluted equity value of approximately $4.9 billion.

Mesirow Buying Asset-Backed Lender Bastion Management

By Amit Chowdhry ● Jan 7, 2025

Mesirow - an independent, employee-owned financial services firm - announced that it has acquired Bastion Management, an asset-backed specialty finance lender. This deal closed late last month.

IQ Fiber: Acquisition Of ThinkBig Networks Completed

By Amit Chowdhry ● Jan 7, 2025

IQ Fiber, a Jacksonville, Florida-based provider of 100% fiber-optic internet service, announced it has completed the acquisition of ThinkBig Networks, LLC, a Maryland-based 100% fiber-optic internet service provider. And ThinkBig Networks currently serves customers in Charles, Kent, Queen Anne’s, and Harford counties in Maryland, with additional network expansion underway.

GEE Group Buying Staffing Solutions Company Hornet Staffing

By Amit Chowdhry ● Jan 7, 2025

GEE Group, a provider of professional staffing services and human resource solutions, announced that it has acquired Hornet Staffing, an Atlanta-based provider of staff augmentation services with national service capability. And Hornet offers staffing solutions to many markets serving large scale, "blue chip" companies in the information technology, professional, and customer service staffing verticals.

Advent To Buy Condiment And Seasoning Company Sauer Brands

By Amit Chowdhry ● Jan 7, 2025

Advent International - a leading global private equity investor - announced that it has signed a definitive agreement to acquire Sauer Brands, a scaled platform of leading condiments and seasonings brands, from Falfurrias Capital Partners. The terms of the transaction were undisclosed.

Veracode To Buy Phylum’s Assets For Transforming Supply Chain Security

By Amit Chowdhry ● Jan 7, 2025

Veracode, a leader in application risk management, announced it acquired certain assets of Phylum, including its malicious package analysis, detection, and mitigation technology. This acquisition enhances Veracode’s ability to identify and block malicious code in open-source libraries, marking continued investment in its software supply chain risk management capabilities. This gives customers a more comprehensive view of risks associated with open-source code usage, strengthening their defenses against emerging threats.

AVI Systems To Buy AVCON

By Amit Chowdhry ● Jan 7, 2025

AVI Systems announced it will acquire Cary, North Carolina-based AVCON. This systems integration firm designs, installs, and maintains audio, visual, and lighting technologies for companies, houses of worship, and other organizations. This acquisition includes transitioning all AVCON employees to AVI Systems.

Hub International Acquiring Assets Of Woods Insurance Services

By Amit Chowdhry ● Jan 7, 2025

Hub International Limited - a leading global insurance brokerage and financial services firm - announced that it has acquired the assets of Woods Insurance Services. The terms of the deal were undisclosed.

Strategic Value Partners Completes $1.125 Billion Acquisition Of Revelyst

By Amit Chowdhry ● Jan 7, 2025

Revelyst (a collective of maker brands that design and manufacture performance gear and precision technologies) and Strategic Value Partners (a global alternative investment firm with about $19 billion of assets under management) announced that SVP-managed funds have completed their previously announced acquisition of Revelyst in an all-cash transaction based on an enterprise value of $1.125 billion.