Mergers & Acquisitions

Why Stagwell Is Buying Sidekick And What’s Next Partners

By Amit Chowdhry ● Feb 26, 2024

Stagwell - a challenger network built to transform marketing - announced it has acquired Sidekick (a collective of specialist agencies focused on experiential, digital storytelling, and branded content) and WHAT’S NEXT PARTNERS (a French digital brand and marketing consultancy specializing in data-powered strategies, integrated communications, and creative content).

Mayfair Capital Partners Buying Baseline Fitness: Details

By Amit Chowdhry ● Feb 26, 2024

Mayfair Capital Partners (a division of Oxford Financial Group) on behalf of its underlying investors has acquired Baseline Fitness. This investment closed on February 2, 2024, and terms were not disclosed.

Phoenix Selling Global Freight Solutions To ILG: Details

By Amit Chowdhry ● Feb 26, 2024

Phoenix announced the sale of Global Freight Solutions (GFS), a leading Enterprise Carrier Management (ECM) company, to industry-leading e-commerce fulfillment specialists International Logistics Group Ltd (ILG), part of the Yusen Logistics/NYK group of companies. Launched more than 20 years ago, GFS pioneered ECM technology and multi-carrier parcel services.

Eyelit Technologies Acquiring Optessa: Details

By Amit Chowdhry ● Feb 26, 2024

Banneker Partners’ portfolio company Eyelit Technologies - a leader in Manufacturing Operations Management (MOM), Manufacturing Execution (MES), Quality Management (QMS) and Factory Automation solutions - announced it has acquired Optessa to enhance its manufacturing optimization capabilities.

Intapp To Buy AI Software Company delphai: Details

By Amit Chowdhry ● Feb 26, 2024

Intapp - a leading global provider of AI-powered software for professionals in advisory, legal, and capital markets firms - has agreed to acquire delphai, a Berlin-based AI software company specializing in applied AI for firmographic data automation, structuring, and intelligence. The deal is subject to regular and customary closing conditions and is expected to close within the next 60 days.

BuzzFeed Sells Complex To NTWRK For $108.6 Million: Details

By Amit Chowdhry ● Feb 26, 2024

BuzzFeed recently announced the closing of its sale of Complex to NTWRK to form a new and wide-ranging destination for the future of commerce and media in a $108.6 million all-cash deal. Along with the $108.6 million purchase price, the company received approximately $5.7 million for using the company’s NY offices and severance- and other employment-related costs.

The Retirement Planning Group Buying Established RIA Dightman Capital Group: Details

By Amit Chowdhry ● Feb 26, 2024

Cetera Holdings - the holding company of Cetera Financial Group, the premier financial advisor Wealth Hub - announced that The Retirement Planning Group (TRPG) has acquired Dightman Capital Group, an RIA based in Overland Park, Kansas. TRPG acquired 100% of the assets of Dightman Capital Group, which is owned and operated by Brian Dightman, CMT. Dightman is now a W-2 advisor at TRPG, providing him with many benefits, including office support, technology, marketing, insurance, and employee benefits as he continues to serve his existing clients.

Datasite Acquires Board Reporting Provider Sherpany: Details

By Amit Chowdhry ● Feb 26, 2024

Datasite - a leading SaaS platform used by enterprises globally to execute complex and strategic projects - has announced that it has acquired Sherpany, a Zurich-based board reporting and meeting management software provider. The terms of the agreement are not being disclosed and the transaction is expected to close in Q1 2024, subject to closing conditions.

Harwood Private Equity Buying Crest Foods: Details

By Amit Chowdhry ● Feb 26, 2024

Brown Gibbons Lang & Company (BGL) has announced the sale of Crest Foods (a leading provider of dairy stabilizers, contract packaging, and branded and private label dry food manufacturing) to Harwood Private Equity (an investor in lower middle market companies). BGL's Food & Beverage, Debt Capital Markets, and Real Estate teams together served as the exclusive financial advisor to Harwood. The terms of the transaction were not disclosed.

MD Anderson Acquiring Inducible Switch Technologies: Details

By Amit Chowdhry ● Feb 26, 2024

The University of Texas MD Anderson Cancer Center announced it has acquired certain assets from Bellicum Pharmaceuticals related to the CaspaCIDe switch platform and the GoCAR platform. The deal also includes clinical-grade stocks of rimiducid, an agent used to trigger the switches.

Vencora Buying CREALOGIX: Details

By Amit Chowdhry ● Feb 26, 2024

VENCORA UK LIMITED announced the settlement of its public tender offer for all publicly held registered shares of CREALOGIX Holding AG with a nominal value of CHF 8.00 each. This offer was completed successfully on February 22, 2024. And with a proven track record of providing quality solutions to its customers and a history of successful transactions, the acquisition of CREALOGIX greatly expands Vencora’s presence within the banking technology industry.

Nautic Partners Buying SurfacePrep: Details

By Amit Chowdhry ● Feb 26, 2024

Nautic Partners announced that it has completed the acquisition of SurfacePrep, in partnership with management. Based in Grand Rapids, Michigan, SurfacePrep is a leading national and international distributor of surface enhancement solutions. And the company distributes loose and coated/bonded abrasives, specialty ceramic materials, and powder coating and fluid delivery consumables, as well as related spare parts and equipment.

Havenly Buying The Citizenry: Details

By Amit Chowdhry ● Feb 26, 2024

Havenly - the country's leading interior design service and home furnishings company - announced recently it had reached a definitive agreement to acquire The Citizenry as part of efforts to build a collection of home brands and technologies that appeal to the next generation of shoppers. This acquisition - the third brand acquisition in 24 months for Havenly - indicates the design & furnishings leader's growth trajectory as it expands upon its offerings for the digital first-home consumer.

Why Society Brands Is Buying Clarifion And Cleanomic

By Amit Chowdhry ● Feb 25, 2024

Society Brands - a tech-enabled consumer products company built for and by founders - announced it acquired two Orange County, California-based brands, Clarifion and Cleanomic.

Chord Energy And Enerplus Combining In $11 Billion Deal

By Amit Chowdhry ● Feb 25, 2024

Chord Energy and Enerplus announced they have entered into a definitive arrangement agreement under which Chord will combine with Enerplus in about an $11 billion stock and cash transaction.

ARInsights Buying The Wind Communications Agency: Details

By Amit Chowdhry ● Feb 24, 2024

ARInsights - a provider of the market-leading SaaS platform for managing analyst relations (AR) and B2B influencer relations programs - announced the acquisition of The Wind Communications Agency, a premier, full-service analyst relations services firm and consultancy. Through this acquisition, ARInsights expands its ServicePlus AR operational services to now address companies' full spectrum of AR needs.

ArcLight Capital Partners Affiliate Buying Clean Energy Future Lordstown

By Amit Chowdhry ● Feb 24, 2024

An affiliate of ArcLight Capital Partners announced it has entered into a definitive purchase agreement to acquire 100% of the equity ownership interests in Clean Energy Future Lordstown. Lordstown owns and operates a highly efficient 940 MW combined cycle gas-fired power facility based in Warren, Ohio. The financial terms of the private transaction were not disclosed.

Why Zonda Is Buying BDX

By Amit Chowdhry ● Feb 24, 2024

Zonda - a leading provider of data-driven housing market solutions for the home building industry - announced it had acquired Builders Digital Experience (BDX), which includes NewHomeSource.com (the largest new construction home listings platform in the U.S.) and Envision, a leading new home design platform.

Charger Investment Partners Acquiring SBG: Details

By Amit Chowdhry ● Feb 24, 2024

Charger Investment Partners announced it has partnered with management to complete the acquisition of SBG Holdings, a leading manufacturer of consumables and highly specialized equipment used in the maintenance, conversion, and placement of polished concrete flooring.

Why Delinea Is Buying Fastpath

By Amit Chowdhry ● Feb 24, 2024

Cloyes Gear & Products Buying Automotive Tensioners: Details

By Amit Chowdhry ● Feb 23, 2024

Cloyes Gear & Products - the global leader and designer of mission-critical timing drive systems and components for the automotive aftermarket - announced the acquisition of Denton, Texas-based Automotive Tensioners Incorporated (ATI), a leading front-end accessory drive pulley and tensioner supplier to the automotive aftermarket.

Why NowCerts Is Buying 20 Miles

By Amit Chowdhry ● Feb 22, 2024

Leading Insurance Agency Management system provider, NowCerts announced the acquisition of 20 Miles, a renowned Insurance Vertical CRM company. This strategic move further strengthens NowCerts' commitment to innovation and enhances its capabilities in serving the insurance industry.

Why Podium Education Is Buying Untapped

By Amit Chowdhry ● Feb 22, 2024

Podium Education (the nation's fastest-growing experiential education company for universities) announced it has acquired Untapped, an all-in-one early career talent platform that connects students with top companies.

Graphic Packaging Selling Augusta Paperboard Manufacturing Facility To Clearwater Paper In $700 Million Deal

By Amit Chowdhry ● Feb 22, 2024

Graphic Packaging Holding Company (GPK) and Clearwater Paper Corporation (CLW) announced that Graphic Packaging has signed a definitive agreement to sell its Augusta, Georgia, bleached paperboard manufacturing facility to Clearwater Paper. The deal value is about $700 million, based on Adjusted EBITDA of about $100 million.

Why EarthLink Is Buying QX.net

By Amit Chowdhry ● Feb 22, 2024

EarthLink (a leading internet service provider known for delivering unparalleled access across the U.S.) announced its strategic acquisition of QX.net, Kentucky's foremost fixed wireless internet provider. This move significantly enhances EarthLink's business services and product portfolio, which promises best-in-class internet solutions to Kentucky's businesses.

Dario To Buy Digital-Led Care Company Twill

By Amit Chowdhry ● Feb 22, 2024

DarioHealth announced it has acquired Twill, a leader in digital-led care. And the combination enables Dario to create one of the most comprehensive digital offerings in the market for chronic conditions, spanning a wide spectrum of health and well-being needs from emotional health to the costliest chronic conditions.

Why NUVIEW Is Buying Astræa

By Amit Chowdhry ● Feb 22, 2024

NUVIEW (a leading Earth observation and geospatial technology company building the world's first commercial LiDAR satellite constellation) announced it has acquired Astræa, a software-as-a-service (SaaS) platform. And Astræa's AI-driven distribution and analysis tools will enable NUVIEW to immediately execute on its strategy to develop a high-throughput Earth observation data superhighway that empowers global distribution partners and their customers.

Kinzie Capital Partners Announces Acquisition Of Arctic Industries

By Amit Chowdhry ● Feb 22, 2024

Kinzie Capital Partners LP (a Chicago-based private equity firm) announced the acquisition of Arctic Industries, a national manufacturer and distributor of temperature control and cold storage solutions. The deal, completed in partnership with Arctic’s management, marks an exciting new chapter for the company as it sets the stage for further market expansion throughout the country.

S.i. Systems Buying HVN Solutions: Details

By Amit Chowdhry ● Feb 22, 2024

S.i. Systems ULC (Canada's largest IT staffing company) announced that it has acquired HVN Solutions (a distinguished IT consulting firm based in Canada). The terms of the transaction were not disclosed.

CenterPoint Energy To Sell Louisiana And Mississippi Natural Gas Assets To Bernhard Capital Partners For $1.2 Billion

By Amit Chowdhry ● Feb 22, 2024

CenterPoint Energy announced the sale of its Louisiana and Mississippi natural gas LDC businesses to Bernhard Capital Partners, a services and infrastructure-focused private equity management firm, for $1.2 billion. The assets include about 12,000 miles of main pipeline in Louisiana and Mississippi, serving about 380,000 metered customers. And CenterPoint’s LDCs are the second largest natural gas LDCs in both Louisiana and Mississippi by customer accounts, with a combined workforce of approximately 550 employees.