Mergers & Acquisitions

NSF Buying Advanced Plastic Pipe And Materials Testing Laboratory PSILab

By Amit Chowdhry ● Mar 18, 2024

NSF - a leading global public health and safety organization - announced the acquisition of PSILab, a US-based advanced product testing and consulting laboratory specializing in plastic pipe, pipe materials, and other polymeric and composite products.

SPL Acquiring Environmental Laboratory Company DHL Analytical

By Amit Chowdhry ● Mar 18, 2024

SPL - a leading provider of compliance and testing services for environmental, energy, and other end markets - announced it has acquired DHL Analytical, an environmental laboratory based in Austin, TX.

Waud Capital Partners Collaborating With Mark Layden To Acquire Companies And Assets

By Amit Chowdhry ● Mar 18, 2024

Waud Capital Partners, a middle-market private equity firm, announced today it has partnered with Mark Layden to acquire companies and assets in the enterprise application software market.

Sensor Tower Buying Market Intelligence Company data.ai

By Amit Chowdhry ● Mar 18, 2024

Digital economy data provider Sensor Tower announced today that it has acquired market intelligence platform data.ai for an undisclosed amount. This deal will enable Sensor Tower to expand and create an industry-standard marketing intelligence solution.

Accenture Acquiring Arηs Group To Expand Public Service Digital Transformation Across Europe

By Amit Chowdhry ● Mar 18, 2024

Accenture has agreed to acquire Arηs (pronounced Aris) Group, a tech services provider that supports public sector transformation across Europe. This deal will enhance Accenture’s public service offering, utilizing various innovative solutions to help clients leverage tech expertise and accelerate digital transformations.

Fair Market Value Capital And TD Jointly Acquire 28% Interest In PSA Italy

By Amit Chowdhry ● Mar 18, 2024

The FMV Industrial Infrastructure Fund I SCSp - advised by Fair Market Value Capital Partners (FMV) - and the TD Greystone Infrastructure Fund (Global Master) SCSp (TDGIF), advised by TD Asset Management (TDAM), announced that they jointly acquired a 28% interest in PSA Italy from PSA International.

GTCR Closes Acquisition Of Cloudbreak Health

By Amit Chowdhry ● Mar 18, 2024

Today, leading private equity firm GTCR announced that it had closed the acquisition of Cloudbreak Health, a leading provider of tech-enabled and healthcare-focused language interpretation services, in a corporate carve-out transaction from UpHealth.

Cisco’s $28 Billion Acquisition Of Splunk Completed

By Amit Chowdhry ● Mar 18, 2024

Today, Cisco announced it completed the acquisition of Splunk. This acquisition will strengthen Cisco's foundation in delivering unparalleled visibility and insights across companies of all sizes' digital footprints.

Bridger Consulting Buying Primary Insights Platform Company DeepBench

By Amit Chowdhry ● Mar 18, 2024

Today, Bridger Consulting Group announced the acquisition of DeepBench, a primary insights platform launched in 2016 by four MIT students. DeepBench differentiates itself by building proprietary software tools, such as distinct AI and ML capabilities, to improve the efficiency and effectiveness of the expert matching process—a significant bottleneck in the expert insights space. This deal will substantially improve Bridger's service offerings and market share, especially within the expert search market segments.

nCino Buying Commercial Account Opening Platform Company DocFox

By Amit Chowdhry ● Mar 18, 2024

nCino - a cloud banking pioneer for the global financial services industry - announced that it has signed a definitive agreement to acquire DocFox. DocFox is a leading solution provider automating onboarding experiences for commercial/business banking.

Goldman Sachs Completes Sale Of GreenSky

By Amit Chowdhry ● Mar 17, 2024

GreenSky has completed a previously announced acquisition of the company by a consortium of institutional investors led by Sixth Street from Goldman Sachs. The consortium also included KKR, Bayview Asset Management, and CardWorks. As part of the deal, GreenSky is also deepening its strategic partnership with Synovus Bank - an essential part of the GreenSky Program since 2015.

New Mountain Capital Acquires Majority Stake In Grant Thornton

By Amit Chowdhry ● Mar 17, 2024

Grant Thornton (one of the leading providers of audit and assurance, tax, and advisory services) and New Mountain Capital (a growth-oriented investment firm with about $50 billion in assets under management) announced a significant growth investment to accelerate Grant Thornton’s business strategy.

Brady Corporation To Buy Gravotech In $133 Million Deal

By Amit Chowdhry ● Mar 17, 2024

Brady Corporation announced that it has entered into exclusive negotiations to buy Gravotech Holding for about €123 million (about $133 million). Brady expects to fund the deal with cash on hand and with borrowings on its existing credit agreement and expects to close the transaction by the end of its fiscal year ending July 31, 2024, subject to closing conditions.

Bain Buys AI/ML Solutions Company PiperLab

By Amit Chowdhry ● Mar 16, 2024

Bain & Company has acquired PiperLab (a European provider of AI/ML solutions) to scale thee consulting firm's technology offerings for clients throughout Europe, the Middle East, and Africa (EMEA). This deal establishes an Advanced Analytics and AI hub under Bain's global Advanced Analytics Group (AAG).

Why Zscaler Is Buying Avalor

By Amit Chowdhry ● Mar 15, 2024

Cloud security leader Zscaler announced an acquisition that extends the Zscaler Zero Trust Exchange data from over 400 billion daily Zscaler transactions with Avalor’s Data Fabric for Security with over 150 pre-built integrations, enabling customers to identify and predict critical vulnerabilities and improve operational efficiencies. By acquiring Avalor, Zscaler can transform the AI capabilities for the cybersecurity industry to enable organizations to mitigate risks and optimize performance while enhancing zero-touch operations.

Cintas Acquiring Paris Uniform Services

By Amit Chowdhry ● Mar 15, 2024

Cintas Corporation announced it has acquired Paris Uniform Services, a Pennsylvania-based family-owned uniform and facility services supplier. Paris Uniform Services was originally founded in 1978 as a subsidiary of Paris Cleaners. Before the acquisition, David Stern served as CEO of the company. Paris serviced customers in a four-state region: Pennsylvania, New York, Maryland, and West Virginia.

Stonepeak Buying US Wind Farm Assets From Ørsted For $300 Million

By Amit Chowdhry ● Mar 15, 2024

Ørsted announced it signed a deal with Stonepeak where Ørsted will divest to Stonepeak an equity ownership stake in a portfolio that includes four US onshore wind farms with a total capacity of 957 MW. As part of a continuation of Ørsted’s farm-down program, this deal represents the company’s first partnership with Stonepeak and the second major farm-down of multiple assets within the US. The value of the deal is about $300 million.

Bharcap Partners Acquiring Insurvia From Gemspring Capital

By Amit Chowdhry ● Mar 15, 2024

BharCap Partners, a Greenwich, Connecticut-based investment firm focused on the financial services sector, announced the closing of the acquisition of Insurvia, an insurance services holding company with subsidiaries focused on providing non-standard auto insurance and services to an underserved population through franchise and company-owned models. Essentially, Insurvia distributes insurance policies for over 50 insurance companies that result in customers receiving the most cost-effective options for appropriate coverage. The financial terms of the deal were undisclosed.

Apex Fintech Solutions Buying Portfolio Management Company AdvisorArch

By Amit Chowdhry ● Mar 15, 2024

Apex Fintech Solutions - a digital wealth management company for fintechs - announced that it has acquired AdvisorArch, which is a portfolio management company and rebalancer for financial advisors. Through this acquisition, Apex will improve its RIA Custody & Execution Platform with a suite of digital advice tools that enable wealth management firms to enhance client experiences at scale. AdvisorArch also automates processes that are essential at providing better service for clients.

Stifel: Acquisition Of Finance 500 And CB Resource

By Amit Chowdhry ● Mar 15, 2024

Stifel Financial has agreed to buy Finance 500 and CB Resource. The terms of the deal were undisclosed.

AstraZeneca Buying Amolyt Pharma To Develop Treatments For Rare Endocrine Diseases In $1.05 Billion Deal

By Amit Chowdhry ● Mar 15, 2024

AstraZeneca announced it entered into a definitive agreement to acquire Amolyt Pharma, a clinical-stage biotechnology company focused on developing novel treatments for rare endocrine diseases. The proposed deal will support the Alexion - which is AstraZeneca’s Rare Disease late-stage pipeline - and expand on its bone metabolism franchise with the notable addition of eneboparatide (AZP-3601), a Phase III investigational therapeutic peptide with a novel mechanism of action designed for meeting major therapeutic goals for hypoparathyroidism.

Baird Adds $680 Million Palm Financial Team To Madison West Office

By Amit Chowdhry ● Mar 15, 2024

Baird’s Private Wealth Management operation announced it added The Palm Financial Group to its Madison West office in Wisconsin. Baird also has an office in Downtown Madison.

Delta Data Acquiring Fintech Firm Phoenix Systems

By Amit Chowdhry ● Mar 14, 2024

Delta Data (a Terminus Capital Partners company) and trusted provider of pooled fund and mutual fund software solutions announced the acquisition of Phoenix Systems, a fintech firm specializing in global mutual fund transfer agent, sub-accounting, and trading software solutions.

Frazier Healthcare Partners Completes Acquisition Of RevSpring

By Amit Chowdhry ● Mar 13, 2024

Frazier Healthcare Partners, a healthcare-focused investment company, announced that it has completed its acquisition of RevSpring from private equity firm GTCR. RevSpring is a leading provider of end-to-end communication and payment solutions servicing healthcare and financial services companies. Frazier was joined in the deal by NEA, 22C Capital, and RevSpring’s senior leadership team.

BlackRock Acquiring Solar Assets From Excelsior Energy Capital

By Amit Chowdhry ● Mar 13, 2024

Leading renewable energy infrastructure investor Excelsior Energy Capital announced the sale of a portfolio of 38 solar energy and solar plus storage projects from its Fund I portfolio to BlackRock’s Evergreen Infrastructure Partners Fund. Excelsior divested its entire stake as part of the deal.

UpLift Acquires Therapy-Assisted Mental Health Solution TAO Connect

By Amit Chowdhry ● Mar 12, 2024

UpLift is a behavioral health company that delivers in-network therapy and psychiatry that has acquired TAO Connect, a therapy-assisted mental health solution with digital tools and resources built for higher education institutions. Through the acquisition of TAO Connect, UpLift now offers services to over 170 enterprise customers nationwide and across Canada, covering over 4 million people, including over two million students at over 120 higher ed institutions in the U.S.

Arcosa Buying Ameron Pole Products From NOV In $180 Million Deal

By Amit Chowdhry ● Mar 12, 2024

Arcosa - an infrastructure-related products and solutions provider - announced that it has entered into a definitive agreement to buy Ameron Pole Products from NOV for $180 million in cash.

Alcoa Finalizes All-Stock Deal To Buy Alumina Limited For $2.2 Billion

By Amit Chowdhry ● Mar 12, 2024

Alcoa announced it is buying Australia-based Alumina Limited in an all-stock $2.2 billion deal. This deal will make Alcoa one of the largest producers of alumina and bauxite.

Liquid Death: Beverage Company Valued At $1.4 Billion With New Funding

By Amit Chowdhry ● Mar 12, 2024

Healthy non-alcoholic beverage company Liquid Death announced it had closed $67 million in funding from strategic partners and new investors at a $1.4 billion valuation. The distributor investors include the number 1 distributors in North Carolina, Oregon, Utah, and Washington and top distributors in several other key markets. The new institutional investors include SuRo Capital and follow-on investors Live Nation, Science, Inc., and Gray’s Creek Capital Partners. Other notable investors in the round include actor Josh Brolin, DeAndre Hopkins, Neal Brennan, Derrick Green, and Jim Jefferies.

KKR Taking mdf commerce Private In C$255 Million Deal

By Amit Chowdhry ● Mar 12, 2024

Digital commerce technology company mdf commerce announced it has entered into an arrangement agreement to be acquired by funds managed by KKR in an all-cash transaction. Upon completion of the deal, mdf commerce will become a privately held company.