Mergers & Acquisitions

Mercer Buying $35+ Billion Firm SECOR Asset Management

By Amit Chowdhry ● Feb 28, 2025

Mercer, a business of Marsh McLennan and a global leader in helping clients realize their investment objectives, announced that it reached an agreement to acquire SECOR Asset Management, a global provider of bespoke strategic and portfolio solutions. The terms of the deal, which is expected to close in the second quarter of 2025, subject to regulatory approvals and client consents, were not disclosed.

Asbury Automotive Buying The Herb Chambers Companies In $1.34 Billion Deal

By Amit Chowdhry ● Feb 28, 2025

Asbury Automotive Group, one of the largest automotive retail and service companies in the U.S., signed a definitive agreement to acquire various automotive dealerships owned by The Herb Chambers Companies (HCC), the fourteenth largest by revenue privately owned dealership group in the country.

Kontoor Brands Buying Global Outdoor And Workwear Brand Helly Hansen In $900 Million Deal

By Amit Chowdhry ● Feb 28, 2025

Global lifestyle apparel company Kontoor Brands (Wrangler and Lee brands) recently announced it has signed a definitive agreement to acquire Helly Hansen, the global outdoor and workwear brand. Under the terms of the deal, Kontoor Brands will acquire 100% of Helly Hansen from Canadian Tire Corporation.

Dow Jones To Buy Dragonfly Intelligence And Oxford Analytica From FiscalNote In $40 Million Deal

By Amit Chowdhry ● Feb 28, 2025

Dow Jones has agreed to acquire Dragonfly Intelligence, a geopolitical and security intelligence provider, and Oxford Analytica, a geopolitical intelligence advisory services provider from FiscalNote Holdings, for $40 million.

Blackstone Signs C$500 Million ABF Deal With Element Fleet Management

By Amit Chowdhry ● Feb 27, 2025

Element Fleet Management, which is the largest publicly traded, pure-play automotive fleet manager in the world, and funds managed by Blackstone Credit & Insurance, through its Infrastructure & Asset-Based Credit group announced the establishment of a strategic funding relationship involving a portfolio of Canadian fleet lease receivables valued at about C$500 million.

Marqeta Buying BIN Sponsorship Company TransactPay

By Amit Chowdhry ● Feb 27, 2025

Marqeta, a global modern card issuing platform that enables embedded finance solutions for the world’s innovators and TransactPay, a BIN Sponsorship provider that is licensed as an E-Money Institution (EMI) to issue e-money and undertake payment services in the UK and European Economic Area, announced that they have entered into an agreement under which Marqeta will acquire TransactPay. This deal will strengthen Marqeta’s card program management capabilities in the UK and Europe.

IonQ To Buy Geneva-Based ID Quantique

By Amit Chowdhry ● Feb 27, 2025

IonQ announced that it has reached a definitive agreement with each of SK Telecom and ID Quantique (IDQ), a leader in quantum safe networking and sensing headquartered in Geneva, Switzerland with offices in Seoul (South Korea), Vienna (Austria), and Boston (USA), to acquire a controlling stake in IDQ. Along with the deal, IonQ expects to enter into a strategic partnership focused on quantum with SK Telecom, the largest wireless telecommunications operator in South Korea.

ServiceNow Buying Quality 360 From Advania

By Amit Chowdhry ● Feb 27, 2025

ServiceNow, an AI-based platform for business transformation, announced the acquisition of the Quality 360 solution from Advania to enhance its strength in the manufacturing industry. Built on ServiceNow, Quality 360 will advance quality management functionality within the ServiceNow Manufacturing Commercial Operations (MCO) solution and enable manufacturers with proactive and data-driven insights to address end-to-end quality issues, helping minimize operational costs and reputational risks.

Macquarie Asset Management: Majority Stake In DynaGrid Acquired

By Amit Chowdhry ● Feb 27, 2025

Macquarie Asset Management announced it has acquired a majority stake in DynaGrid Holdings, one of the largest US utility service providers focused on maintaining, upgrading, and building transmission and substation infrastructure. DynaGrid is headquartered in Dallas and primarily operates across the Sunbelt and the Midwest.

Rise Growth Partners Buys Minority Stake In Grimes & Company

By Amit Chowdhry ● Feb 27, 2025

Rise Growth Partners, a wealth management firm for growth-oriented registered investment advisors (RIAs), announced its second strategic minority investment, backing Grimes & Company.

Menlo Security Buying Votiro For AI-Based Data Security To Enterprises

By Amit Chowdhry ● Feb 27, 2025

Menlo Security, an industry leader of Secure Enterprise Browsers, announced the acquisition of Votiro, a data and file security platform that specializes in advanced Content Disarm & Reconstruction (CDR) and data loss prevention. And Menlo Security and Votiro will enable enterprises to quickly and easily implement data security best practices without slowing employee and business productivity.

Macquarie Asset Management: Acquisition Of Remaining Stake In Galehead

By Amit Chowdhry ● Feb 27, 2025

Macquarie Asset Management (MAM), Galehead Founders (GDF), Galehead Development, and Treaty Oak Clean Energy announced that MAM will acquire from GDF the remaining controlling interests in Galehead via funds managed by MAM. This investment will enable Galehead to become a subsidiary of Treaty Oak, a leading US independent power producer (IPP) owned by MAM-managed funds.

Behavox Buying Mosaic Smart Data To Transform Corporate Data Into Insights

By Amit Chowdhry ● Feb 27, 2025

Behavox, an AI insights company that transforms structured and unstructured corporate data into insights that safeguard and enhance businesses, announced the acquisition of Mosaic Smart Data, a tech company enabling financial institutions to extract actionable intelligence from their transaction data.

CHG Healthcare: Acquisition Of Career Management Platform CareerMD

By Amit Chowdhry ● Feb 27, 2025

CHG Healthcare, a leading staffing agency specializing in physician recruitment, announced it has acquired CareerMD, a career management platform offering both digital and live events to help clinicians find their first job out of training.

SkyWater To Buy Infineon’s Austin Fab

By Amit Chowdhry ● Feb 27, 2025

SkyWater Technology has agreed with Infineon Technologies for SkyWater to purchase Infineon’s 200 mm fab in Austin, Texas (Fab 25) and a corresponding long-term supply agreement. And SkyWater will operate the fab as a foundry, increasing available capacity in the U.S. for foundational chips on nodes from 130 to 65 nanometers, which is critical for many industrial, automotive, and defense applications.

Whistle Express Signs Deal To Buy Take 5 Car Wash

By Amit Chowdhry ● Feb 27, 2025

Whistle Express, a leading brand in the rapidly evolving car wash industry, announced it has signed a definitive agreement to acquire Take 5 Car Wash from Driven Brands. Upon closing of the deal, which is subject to customary closing conditions, the combined entity will operate 530 locations across 23 states, making it the largest express car wash company in the US.

LongRange Capital To Buy US Synthetic from ChampionX

By Amit Chowdhry ● Feb 27, 2025

LongRange Capital - a private equity firm with a longer-term and customer-centric orientation to building and growing middle market businesses - announced that it has entered into a definitive agreement to acquire all of the equity interests in US Synthetic Corporation from ChampionX.

Thermo Fisher Scientific: $4.1 Billion Deal For Solventum’s Purification And Filtration Business

By Amit Chowdhry ● Feb 27, 2025

Thermo Fisher Scientific, a world leader in serving science, announced that the company has entered into a definitive agreement with Solventum to acquire Solventum’s Purification & Filtration business for about $4.1 billion in cash.

Heitman: Majority Stake Acquired In Swedish Self-Storage Operator Servistore

By Amit Chowdhry ● Feb 26, 2025

Global real estate investment management firm announced the acquisition of a majority stake in the third largest self-storage operator in Sweden called Servistore. This business has 31 sites (25 operational and 6 due to open) across 14 cities. It encompasses over 4,000 units, spanning a total of 330,000 square feet of storage space.

Vestar: $795 Million Sale Of Simple Mills Completed

By Amit Chowdhry ● Feb 26, 2025

Vestar Capital Partners, a leading U.S. middle-market private equity firm, announced today that it has completed the sale of Simple Mills, a premium brand of better-for-you crackers, cookies, snack bars, and baking mixes, to Flowers Foods for a total enterprise value of $795 million. Vestar provided the first institutional investment in the brand in October 2019 and was Simple Mills’ largest shareholder.

Redding Ridge Buying Irradiant Partners, Increasing AUM To $38 Billion

By Amit Chowdhry ● Feb 26, 2025

Redding Ridge Asset Management (RRAM), an independently managed affiliate of Apollo, announced it has agreed to acquire Irradiant Partners, an alternative investment manager specializing in liquid credit, private credit and renewables.

Blackstone Infrastructure To Buy Safe Harbor Marinas In $5.65 Billion Deal

By Amit Chowdhry ● Feb 25, 2025

Blackstone announced that funds managed by Blackstone Infrastructure have agreed to acquire Safe Harbor Marinas, the largest marina and superyacht servicing business in the United States, from Sun Communities for $5.65 billion. Safe Harbor runs 138 marinas across the U.S. and Puerto Rico and is the industry leader in boat storage and servicing.

Prosus Acquiring Just Eat Takeaway.com In €4.1 Billion Deal

By Amit Chowdhry ● Feb 24, 2025

Prosus announced it has reached a conditional agreement to acquire Just Eat Takeaway.com to create the fourth largest food delivery group globally. Prosus plans to acquire Just Eat Takeaway.com’s entire issued share capital for €20.30 per share via a recommended all-cash public offer on the Amsterdam exchange. This represents a 49% premium to the 3-month VWAP as of February 21, 2025, and a 22% premium to Just Eat Takeaway.com’s highest share price over the last three months.

Olympus Partners Buying Liquid Generic Leader PAI Pharma

By Amit Chowdhry ● Feb 22, 2025

Olympus Partners announced it has acquired PAI Pharma, a leading developer, manufacturer, and distributor of generic oral liquids in both ready-to-dose cups and bottles in the US.

Seagate To Buy Intevac For $119 Million

By Amit Chowdhry ● Feb 22, 2025

Seagate Technology (a leading innovator of mass-capacity data storage) and Intevac (a supplier of thin-film processing systems) announced that Seagate has entered into a definitive agreement to acquire Intevac in an all-cash transaction for $4 per share.

CyberArk Buying Zilla Security In $165 Million Deal

By Amit Chowdhry ● Feb 22, 2025

CyberArk, a leader in identity security, announced it acquired Zilla Security, a leader in modern Identity Governance and Administration (IGA) solutions. And Zilla’s AI-based IGA capabilities will expand CyberArk’s industry-leading Identity Security Platform with scalable automation that enables accelerated identity compliance and provisioning across digital environments while maximizing security and operational efficiency.

Sherwin-Williams To Buy BASF’s Brazilian Architectural Paints Operations For $1.15 Billion

By Amit Chowdhry ● Feb 22, 2025

The Sherwin-Williams Company announced it has entered into a definitive agreement with BASF Group to buy BASF's Brazilian architectural paints business for $1.15 billion in an all-cash deal.

Tanger Buying Retail and Mixed-Use District In Cleveland For $167 Million

By Amit Chowdhry ● Feb 22, 2025

Tanger, a leading owner and operator of outlet and open-air retail shopping destinations, announced it has acquired Pinecrest, a 640,000-square-foot open-air, grocery-anchored, mixed-use center in one of the most desirable submarkets of Cleveland, Ohio.

Drata: $100 Million ARR Milestone Achieved

By Amit Chowdhry ● Feb 22, 2025

Drata, a trust management platform, announced several milestones, including its fourth year since launch. Over the past fiscal year, the company has achieved rapid growth with $100 million annual recurring revenue (ARR), a major benchmark in its commitment to modernizing governance, risk, and compliance (GRC).

Huda Beauty: Kayali Spinning Off Into Standalone Fragrance Company

By Amit Chowdhry ● Feb 22, 2025

Huda Beauty announced that it will sell its ownership in KAYALI, the fragrance business founded by Huda and Mona Kattan in 2018. Since then, KAYALI has become a leading brand in the fragrance category.