Mergers & Acquisitions

McKesson To Buy 80% Of PRISM Vision For $850 Million

By Amit Chowdhry ● Feb 15, 2025

McKesson announced that it signed a definitive agreement to buy an 80% controlling interest for about $850 million in PRISM Vision Holdings, a provider of general ophthalmology and retina management services, from Quad-C. PRISM Vision physicians will retain a 20% interest in the company.

DocGo Buying Mobile Lab Collection Services Company PTI Health

By Amit Chowdhry ● Feb 14, 2025

DocGo, a provider of technology-enabled mobile health services, announced the acquisition of PTI Health, which is a mid-Atlantic mobile lab collection and phlebotomy services company.

FactSet Buying LiquidityBook In $246.5 Million Deal

By Amit Chowdhry ● Feb 14, 2025

FactSet, a financial digital platform and enterprise solutions provider, announced the acquisition of LiquidityBook for a gross purchase price of $246.5 million in cash.

NXP To Buy Edge AI Pioneer Kinara

By Amit Chowdhry ● Feb 14, 2025

NXP Semiconductors announced it entered a definitive agreement to buy Kinara, an industry leader in high-performance, energy-efficient, and programmable discrete neural processing units (NPUs). And these devices enable a wide range of edge AI applications, including multi-modal generative AI models. This acquisition will be an all-cash transaction valued at $307 million and is expected to close in the first half of 2025, subject to customary closing conditions, including regulatory clearances.

Steve Madden To Buy Kurt Geiger In £289 Million Deal

By Amit Chowdhry ● Feb 13, 2025

Steve Madden (a leading designer and marketer of fashion footwear, accessories, and apparel) announced that it has entered into a definitive agreement to buy UK-based Kurt Geiger from a group led by international private equity firm Cinven for an enterprise value of about £289 million in cash.

Rezolve Ai To Buy Commerce Site Search And Merchandising Company GroupBy

By Amit Chowdhry ● Feb 13, 2025

Rezolve Ai - a leader in AI-driven commerce solutions - announced that it has entered into a purchase agreement to buy GroupBy, a leader in enterprise-grade site search, product discovery, and merchandising solutions. This acquisition's completion is subject to the fulfillment or waiver of standard closing conditions. And this move will reinforce Rezolve Ai’s position as a leader in transforming digital commerce experiences.

LPL Onboards $1.3 Billion Bruen Wealth Management Team

By Amit Chowdhry ● Feb 13, 2025

LPL Financial announced that father and son financial advisors William “Bill” Bruen, Jr., and Andrew Bruen had joined LPL Financial’s broker-dealer, aligned with existing firm Paradigm Partners. The Bruens reported serving about $1.3 billion in advisory, brokerage, and retirement plan assets* and joined LPL from UBS.

Novartis Buying Anthos From Blackstone For Up To $3.1 Billion

By Amit Chowdhry ● Feb 12, 2025

Blackstone Life Sciences and Anthos Therapeutics (a transformative, clinical-stage biopharmaceutical company developing innovative therapies for the treatment of cardiometabolic diseases) announced that the company has entered into an agreement with Novartis to buy Anthos for up to $3.1 billion.

Gemspring Capital Acquires Haircare And Skincare Products Company Creative Labs

By Amit Chowdhry ● Feb 12, 2025

Gemspring Capital Management, a middle-market private equity firm, announced that an affiliate acquired Creative Labs and United Hair Care in partnership with the company’s CEO Brett Simmons. Creative Labs manufactures and develops branded and contract-manufactured haircare and skincare products. The financial terms of the transaction were not disclosed.

Audax Private Equity: Exit Of Proud Moments Completed

By Amit Chowdhry ● Feb 12, 2025

Audax Private Equity announced that it has completed the sale of Proud Moments, an applied behavioral analysis (ABA) therapy provider, to children with autism. And Providence-based private equity firm Nautic Partners acquired Proud Moments. The terms of the deal were undisclosed.

H.I.G. Capital Buying Converge Technology Solutions For About C$1.3 Billion

By Amit Chowdhry ● Feb 12, 2025

Converge Technology Solutions announced it has entered into an arrangement agreement with an affiliate of H.I.G. Capital, under which H.I.G. has agreed to acquire all of the company's issued and outstanding common shares.

Turn/River Capital Buying SolarWinds In $4.4 Billion Deal

By Amit Chowdhry ● Feb 12, 2025

SolarWinds - a leading provider of simple, powerful, secure observability and IT management software - announced that it has entered into a definitive agreement to be acquired by Turn/River Capital in an all-cash deal for $18.50 per share or about $4.4 billion. The per-share price represents a premium of approximately 35% to the volume-weighted average closing price of SolarWinds stock for the 90 trading days ended on February 6, 2025.

Bain Capital To Buy Mitsubishi Tanabe Pharma In $3.3 Billion Deal

By Amit Chowdhry ● Feb 12, 2025

Bain Capital announced it has signed a definitive agreement to acquire Mitsubishi Tanabe Pharma in a carve-out transaction from Mitsubishi Chemical Group Corporation. Bain Capital’s Private Equity teams are leading the investment in Asia and North America along with the firm’s Life Sciences team and values the business at about billion JPY ($3.3 billion).

Riverwood Capital Acquiring Dynamic Pricing Platform Quicklizard

By Amit Chowdhry ● Feb 12, 2025

Quicklizard, a leading AI-based dynamic pricing platform for retailers and brands, announced that it has entered into a definitive agreement to be acquired by Riverwood Capital. This strategic deal is set to supercharge Quicklizard’s research and development efforts, accelerating the evolution of its platform and reinforcing its position as the go-to pricing optimization platform for enterprises worldwide.

Warner Music Group Buys Controlling Stake Of Tempo Music

By Amit Chowdhry ● Feb 12, 2025

Warner Music Group announced that it acquired a controlling stake in Tempo Music Investments, which is an investment platform for premium music rights, from Providence Equity Partners. And Providence will remain a minority investor in Tempo and continue to work with WMG in an advisory capacity.

Altus Power To Be Acquired By TPG In $2.2 Billion Deal

By Amit Chowdhry ● Feb 12, 2025

Altus Power, which is the largest owner of commercial-scale solar in the US, announced it entered into a definitive agreement to be acquired by TPG through its TPG Rise Climate Transition Infrastructure strategy for $5 per share of its Class A common stock in an all-cash transaction that values the company at about $2.2 billion, including outstanding debt.

XOi Announces Acquisition Of On-Demand Data Enrichment Company Specifx

By Amit Chowdhry ● Feb 12, 2025

XOi, a provider of job site-focused technology solutions for the field service ecosystem, announced the acquisition of Specifx, an on-demand data enrichment and metadata retrieval platform for field service equipment. The acquisition was enabled by an investment from funds managed by leading global investment firm KKR. This funding from KKR marks the most significant milestone yet in XOi’s journey to build out its system of work for the field service ecosystem.

Arax Investment Partners Acquires $1 Billion Firm Cedrus Financial

By Amit Chowdhry ● Feb 11, 2025

LPL Onboards $1 Billion Team Salient Wealth Planning Group

By Amit Chowdhry ● Feb 11, 2025

LPL Financial announced that financial advisors John P. Schlatter, CFP, Robert Rojano, Alec Hoag, CFP, and Michael Madden, CFA, have joined LPL Financial’s broker-dealer, RIA and custodial platforms. They reported serving about $1 billion in advisory, brokerage, and retirement plan assets and joined LPL from Osaic.

Sequoia Financial Buying $3.8 Billion Wealth Manager Carlson Capital

By Amit Chowdhry ● Feb 11, 2025

Sequoia Financial Group - an SEC-registered wealth manager with $22.6 billion in assets under management as of December 31, 2024, and Carlson Capital Management (CCM), a Northfield, Minnesota-based investment advisory firm with $3.8 billion in client assets as of December 31, 2024, announced they have reached an agreement for Sequoia Financial to acquire CCM. The firms expect to complete the transaction on March 31. The financial terms were not disclosed.

Carson Group: $365 Million Team Added To Partner Network

By Amit Chowdhry ● Feb 11, 2025

Carson Group, a leading wealth advisory firm with over $40 billion in assets under management (AUM), announced a partnership with Jerod Wurm, CFP Managing Partner, Wealth Advisor, and Casey Frye, CFP, Managing Partner, Wealth Advisor, a Roseville, California–based advisory with $365 million in AUM. As part of the partnership, the firm will rebrand as Carson Wealth.

LPL Financial Brings In $345 Million Team Jackson/Roskelley Wealth Advisors

By Amit Chowdhry ● Feb 11, 2025

LPL Financial announced that financial advisors Jared Roskelley, CFP, and Kyle Robertson, CFP, of Jackson/Roskelley Wealth Advisors have joined LPL Financial’s broker-dealer, Registered Investment Advisor (RIA) and custodial platforms. They reported serving about $345 million in advisory, brokerage, and retirement plan assets and joined LPL from Ameriprise.

Summit Financial Acquires Stake In $700 Million Wealth Manager Genex

By Amit Chowdhry ● Feb 10, 2025

Investment advisory firm Summit Financial - in collaboration with Merchant Investment Management - announced that Genex Consulting has joined its network, marking Summit's first investment of this year. This collaboration highlights the strength of the Summit-Merchant partnership as they buy a stake in Genex, a $700 million wealth management firm.

JTS Buying AM Solutions And Reveals Rebrand

By Amit Chowdhry ● Feb 10, 2025

JTS, a provider of integrated marketing services, announced the acquisition of Madison-based AM Solutions as part of its strategic growth plan. This acquisition also coincides with the relaunch of JTS’s brand, which drops “Direct” from its name to reflect its expanded capabilities and diverse service offerings.

Atwell Buys Operations Of Terrascape Consulting

By Amit Chowdhry ● Feb 7, 2025

Atwell announced it has continued to extend its reach by acquiring Terrascape Consulting's operations, adding expertise in engineering and surveying to its resources in the Southwest. The terms of the deal were undisclosed.

HammerHead Trenchless Buying ProKASRO Services USA

By Amit Chowdhry ● Feb 7, 2025

HammerHead Trenchless (a division of The Toro Company) announced that it acquired the assets of ProKASRO Services USA, the distributor of ProKASRO Mechatronik and market leader of robotic solutions and rehabilitation equipment for repairing underground water and wastewater infrastructure. The terms of the deal were not disclosed.

Digital Capital Partners Buying IT Solutions Company Govplace

By Amit Chowdhry ● Feb 7, 2025

Govplace - a leading provider of secure IT solutions for federal agencies - announced it has been acquired by Digital Capital Partners, a private equity firm led by technology entrepreneur Jay Sunny Bajaj. This deal represents DigiCap's first investment in the federal sector and positions Govplace for accelerated growth in the federal IT marketplace.

LPL Brings In $385 Million Firm Johns Creek Financial

By Amit Chowdhry ● Feb 7, 2025

LPL Financial announced that financial advisors Brian J. McGill, II, CFP, and Michael R. Hyser, CFP, have joined LPL Financial’s broker-dealer, RIA, and custodial platforms. They reported serving about $385 million in advisory, brokerage, and retirement plan assets and joined LPL from Kestra.

Horizon Infusions Raises Funding From Rubicon Founders

By Amit Chowdhry ● Feb 7, 2025

Rubicon Founders, a healthcare investment firm focused on building and growing transformational companies, announced that it has made a majority investment in Horizon Infusions, which is Ohio’s largest network of ambulatory infusion centers. And BroadOak Capital will continue as a minority investor in Horizon Infusions.

Corpay To Buy Brazilian Payments Company Gringo

By Amit Chowdhry ● Feb 7, 2025

Corpay announced it has signed definitive documents to acquire Gringo, a leading vehicle registration and compliance payment company in Brazil. Gringo is a super app for car drivers that makes life easier for millions of drivers in Brazil. And Gringo’s digital app and national network help drivers pay for vehicle taxes, registration, and fines (i.e., car debts) instantly. The company is growing revenue over 30% annually.