Mergers & Acquisitions

EQT To Buy Seven Seas Water Group From Morgan Stanley

By Amit Chowdhry ● May 27, 2025

EQT announced that the EQT Infrastructure VI fund has agreed to acquire Seven Seas Water Group from Morgan Stanley Infrastructure Partners (MSIP).

Phyn Acquired By Investment Group Led By Jonathan Scott Of Property Brothers

By Amit Chowdhry ● May 27, 2025

Phyn, a leader in intelligent water solutions, has been acquired by a group of investors led by entrepreneur and TV personality Jonathan Scott. This strategic deal transitions Phyn from Belkin’s ownership to a newly independent company backed by a high-profile group of investors with deep experience in technology, real estate, and entertainment, united in their vision to make Phyn’s category-defining solutions a standard in every home and building.

Cognyte Buying Cyber Threat Intelligence Company GroupSense

By Amit Chowdhry ● May 27, 2025

Cognyte Software, a leader in software-driven technology for investigative analytics, today announced the acquisition of GroupSense, a digital risk protection services company. And the acquisition will help to expand Cognyte’s customer base and growth potential. Cognyte is buying GroupSense for approximately $4 million plus an earnout of up to approximately $5 million subject to GroupSense meeting defined targets post-closing.

Proofpoint Buying Nuclei For Better Communications Capture

By Amit Chowdhry ● May 27, 2025

Proofpoint (a leading cybersecurity and compliance company) announced the acquisition of Nuclei, a U.S.-based technology company specializing in compliance archiving and AI-driven data enrichment for modern workplace communications.

SPINS Buys Product Locator Platform Lucky Labs

By Amit Chowdhry ● May 26, 2025

SPINS, a leading provider of data, analytics, and omnichannel activation solutions for the Natural Products industry, announced the acquisition of Lucky Labs. Lucky Labs is a digital technology company known for its innovative product locator platform, which enhances brand and marketing strategies by connecting values-driven consumers with beauty and wellness brands online and in-store.

AT&T Buying Lumen’s Fiber Unit In $5.75 Billion Deal

By Amit Chowdhry ● May 26, 2025

AT&T announced it has reached an agreement to acquire substantially all of Lumen's Mass Markets fiber business for $5.75 billion, subject to purchase price adjustments, in an all-cash transaction that will expand investment in critical U.S. connectivity infrastructure, create new jobs, and accelerate high-speed fiber internet access to millions of Americans.

Strava Buying Core Assets Of The Breakaway

By Amit Chowdhry ● May 26, 2025

Strava, an app for active people, announced it has acquired the core assets of The Breakaway, a Y Combinator-incubated cycling training app. This deal follows the recent news of Strava acquiring Runna, a leading running training app. It signifies further investment in the Strava ecosystem for the platform’s global community of active people.

Sanmina Buying ZT Systems Assets From AMD In $3 Billion Deal

By Amit Chowdhry ● May 25, 2025

AMD announced it has entered into a definitive agreement to sell ZT Systems’ U.S.-headquartered data center infrastructure manufacturing business to Sanmina (an integrated manufacturing solutions company).

Siemens To Buy Design Automation Company Excellicon

By Amit Chowdhry ● May 25, 2025

Siemens Digital Industries Software announced that it has agreed to buy Excellicon. This will bring Excellicon’s software for the development, verification, and management of timing constraints to Siemens’ EDA portfolio of software for IC design.

Blackstone: $11.5 Billion Acquisition Of TXNM Energy

By Amit Chowdhry ● May 24, 2025

TXNM Energy announced an agreement under which Blackstone Infrastructure will acquire TXNM Energy for $61.25 per share in cash upon closing, reflecting a total enterprise value of $11.5 billion, including net debt (excluding securitization debt) and preferred stock.

Honeywell To Buy Johnson Matthey’s Catalyst Technologies Operations For £1.8 Billion

By Amit Chowdhry ● May 24, 2025

Honeywell announced that it has agreed to buy Johnson Matthey's Catalyst Technologies business segment for £1.8 billion in an all-cash deal, representing about 11 times the estimated 2025 EBITDA, inclusive of tax benefits and run-rate cost synergies.

JumpCloud Buying Privileged Access Management Company VaultOne

By Amit Chowdhry ● May 24, 2025

JumpCloud is simplifying IT with the acquisition of VaultOne. VaultOne delivers privileged access management (PAM) solutions that provide secure access to a wide range of critical assets, from SaaS applications to cloud infrastructure and databases. JumpCloud’s acquisition furthers its goal of simplifying IT operations across a secure access control platform for today’s global workforce.

Why OpenAI Is Buying Jony Ive’s io In $6.5 Billion Deal

By Amit Chowdhry ● May 23, 2025

OpenAI announced it is recruiting Jony Ive, who is known as the designer behind the Apple iPhone, Apple Watch, and MacBook Pro. Jony Ive will oversee a new hardware project for OpenAI. As part of the deal, OpenAI will be buying io Products for $6.5 billion, which is a product and engineering company that was co-founded by Ive.

Addepar: Acquisition Of Enterprise AI Workflow Company Arcus

By Amit Chowdhry ● May 23, 2025

Addepar, a leading technology and data platform for wealth, investment, and asset management, announced the acquisition of Arcus, an innovator in enterprise AI workflows. This strategic deal accelerates Addepar's technology roadmap to embed sophisticated AI and machine learning (ML) more deeply across its platform, supported by the company's ongoing investment of $100+ million annually to research and development.

Keyfactor Buying InfoSec Global And CipherInsights

By Amit Chowdhry ● May 20, 2025

Keyfactor, an industry leader in digital trust for modern enterprises, announced it has acquired InfoSec Global, a leader in cryptographic posture management, and CipherInsights, an advanced cryptographic discovery solution by Quantum Xchange.