Mergers & Acquisitions

DIRECTV Buys Majority Ownership In INVIDI Technologies

By Amit Chowdhry ● Jan 16, 2025

DIRECTV announced it acquired the majority ownership of INVIDI Technologies, a leader in addressable television advertising solutions that increase the value of advertising inventory for programmers and distributors by enabling marketers to target specific audiences on television without wasting ad impressions.

Moody’s To Buy Geospatial AI Intelligence Company CAPE Analytics

By Amit Chowdhry ● Jan 15, 2025

Moody’s announced that it has agreed to acquire CAPE Analytics, a provider of geospatial AI intelligence for residential and commercial properties. This acquisition combines Moody’s industry-leading Intelligent Risk Platform and catastrophe risk modeling for the insurance sector with CAPE's cutting-edge geospatial AI analytics, creating a sophisticated property database that delivers instant and address-specific risk insights.

Red Hat: Acquisition Of Neural Magic Completed

By Amit Chowdhry ● Jan 15, 2025

Red Hat, a leading provider of open-source solutions, announced that it has completed its acquisition of Neural Magic, a pioneer in software and algorithms that accelerate genAI inference workloads. With Neural Magic, Red Hat gains expertise in inference performance engineering and model optimization, helping further the company’s vision of high-performing AI workloads that directly map to unique customer use cases, wherever needed across the hybrid cloud.

MAI Onboards $662 Million RIA Firm Concentric Wealth Management

By Amit Chowdhry ● Jan 15, 2025

MAI Capital Management - a registered investment adviser specializing in comprehensive investment and financial planning for high-net-worth individuals and families - announced the acquisition of Concentric Wealth Management. The terms of the deal were undisclosed.

Kinder Morgan Buying Gas Gathering & Processing System In $640 Million Deal

By Amit Chowdhry ● Jan 15, 2025

Kinder Morgan announced that its subsidiary Hiland Partners Holdings, has agreed to purchase a natural gas gathering and processing system in North Dakota from Outrigger Energy II for $640 million. This acquisition includes a 270 million cubic feet per day (MMcf/d) processing facility and a 104-mile, large-diameter, high-pressure rich gas gathering header pipeline with 350 MMcf/d of capacity connecting supplies from the Williston Basin area to high-demand markets. The gathering and processing system is backed by long-term contracts with commitments from major customers in the basin.

Bausch + Lomb Affiliate Acquires Whitecap Biosciences

By Amit Chowdhry ● Jan 15, 2025

Bausch + Lomb (a leading global eye health company focused on helping people see better to live better) announced an affiliate has acquired Whitecap Biosciences, which is currently developing two therapies for potential use in glaucoma and geographic atrophy (GA). This acquisition strengthens Bausch + Lomb’s expanding clinical-stage pipeline.

Why Johnson & Johnson Is Buying Intra-Cellular Therapies In A $14.6 Billion Deal

By Amit Chowdhry ● Jan 15, 2025

Johnson & Johnson and Intra-Cellular Therapies announced this week that they have entered into a definitive agreement under which Johnson & Johnson will acquire all outstanding shares of Intra-Cellular Therapies, a biopharmaceutical company focused on the development and commercialization of therapeutics for central nervous system (CNS) disorders for $132 per share in cash for a total equity value of approximately $14.6 billion.

GSK To Buy IDRx In $1 Billion Deal

By Amit Chowdhry ● Jan 15, 2025

GSK announced that they have entered into an agreement under which GSK will acquire IDRx, a Boston-based, clinical-stage biopharmaceutical company dedicated to developing precision therapeutics for treating GIST. As part of the agreement, GSK will pay $1 billion upfront, with the potential for an additional $150 million success-based regulatory approval milestone payment. This acquisition includes lead molecule IDRX-42, a highly selective KIT TKI being developed as a first- and second-line therapy for treating GIST.

Vagaro Buys Schedulicity For Expanding Services

By Amit Chowdhry ● Jan 15, 2025

Vagaro, a leading software for businesses in beauty, wellness, and fitness, announced that they have strategically acquired Schedulicity, a scheduling software for businesses across the beauty & wellness industries. This acquisition, effective immediately, further expands Vagaro’s commitment to quality business solutions for professionals.

Roark Capital And Kohlberg Sign Strategic Partnership With GPRS

By Amit Chowdhry ● Jan 15, 2025

Roark Capital and Kohlberg announced a strategic partnership with GPRS Holdings. Kohlberg, the previous majority owner of the company, will remain a minority investor and partner with Roark to accelerate growth further. The company’s management team, led by CEO Matt Aston, will continue to lead GPRS and remain significant business owners.

Ramirez Asset Management Buys $500 Million Private Credit Strategy Unit From Avenue Capital Group

By Amit Chowdhry ● Jan 15, 2025

Ramirez Asset Management (RAM) - a $12+ billion fixed-income and equity investment manager serving institutional investors and high net-worth investors - announced it recently acquired the private credit opportunities strategy team and their assets from hedge fund manager Avenue Capital Group.

Hunt Military Communities Buying Virginia-Based Privatized Housing Development Homeport Hampton Roads

By Amit Chowdhry ● Jan 15, 2025

Hunt Military Communities (HMC), which is the nation’s largest provider of military housing, announced that it has acquired full ownership of Homeport Hampton Roads, a high-performing privatized housing development supporting unaccompanied Navy personnel.

Adams Outdoor Advertising Acquires Cee Media

By Amit Chowdhry ● Jan 15, 2025

Adams Outdoor Advertising, the fourth largest out-of-home advertising operator in the U.S. and the largest privately owned, announced the acquisition of Wisconsin-based billboard company Cee Media. This strategic deal amplifies Adams’ presence across the Midwest and underscores its commitment to delivering unparalleled advertising solutions to businesses nationwide.

Palm Peak Capital Acquires Pacific Shoring Products

By Amit Chowdhry ● Jan 15, 2025

Palm Peak Capital - a private equity firm that invests in lower-middle market industrial and services companies across North America - announced that it has completed its first platform investment with the acquisition of Pacific Shoring Products, a leading manufacturer of trench safety equipment. The terms of the private transaction are not disclosed.

CAPTRUST Onboards Houston-Based $300 Million Advisor Firm

By Amit Chowdhry ● Jan 15, 2025

CAPTRUST Financial Advisors announced that Wealth Covenant Group (WCG) in Houston, TX has joined CAPTRUST. WCG has served a select group of families and business owners as their trusted financial advisors, offering comprehensive financial and estate planning, asset protection, tax planning, and investment management services. Headed by President Dennis Stavinoha, the firm brings three employees and $300 million in assets to CAPTRUST.

Wealth Enhancement Acquires $82 Million RIA Danison & Associates

By Amit Chowdhry ● Jan 15, 2025

Wealth Enhancement, a national independent wealth management firm with over $103 billion in client assets, announced the acquisition of Danison & Associates, an independent RIA in Columbus, Ohio. And the team of two advisors and two support staff oversees more than $82 million in client assets and is led by Dean Danison, CIMC, President, and Tracey Danison, CFP, Vice President.

Raymond James Brings In $525 Million Florida-Based Advisor Mary Lauritano

By Amit Chowdhry ● Jan 15, 2025

Raymond James announced it welcomed financial advisor Mary Lauritano, CFA, to Raymond James & Associates (RJA) – which is the firm's employee advisor channel, as revealed by Gregg Stupinski, Southeast division director for RJA. As managing director, Lauritano heads Lauritano Wealth Management of Raymond James and is joined by senior client service associates Natalia Morales and Melody Price.

Indivisible Partners Onboards $640 Million Team And Launches Advisory Firm

By Amit Chowdhry ● Jan 15, 2025

Indivisible Partners - a privately-owned independent advisory firm - announced the launch of its company while responding to the changing expectations and needs of financial advisors and clients. This firm was built around a common purpose — empowering advisors to help clients achieve their desired outcomes by focusing on quality decision-making and redefining the wealth advisory experience.

American Industrial Partners Raises Strategic Investment From Blackstone

By Amit Chowdhry ● Jan 14, 2025

American Industrial Partners (AIP) announced a strategic minority investment from funds managed by Blackstone GP Stakes, specializing in value-added, long-term minority investments in industry-leading private equity firms.

Raymond James Onboards $440 Million Oklahoma-Based Team

By Amit Chowdhry ● Jan 14, 2025

Raymond James announced it onboard financial advisors John “David” Veitch and Drew Veitch to Raymond James & Associates (RJA) – which is the firm's employee advisor channel as revealed by RJA’s Southwest regional director Edward Sudzina. Based in Tulsa, Oklahoma, this team is joined by David’s brother, client service associate Scott Veitch.

Cerity Partners Onboards $4.1 Billion AUM Firm Prio Wealth

By Amit Chowdhry ● Jan 14, 2025

Cerity Partners, a leading independent wealth management firm in the U.S., announced that it is merging with Prio Wealth, a Boston-based wealth management firm. This deal will expand Cerity Partners’ comprehensive wealth advisory services across family and generational wealth planning, financial and retirement planning, and investment management services.

Mariner Acquiring Cardinal Investment, Bringing In $292 Billion In Assets Under Advisement

By Amit Chowdhry ● Jan 14, 2025

Mariner, a leading national financial services firm, announced the acquisition of Cardinal Investment Advisors in a deal that adds $292 billion in assets under advisement and about 40 employees to its Mariner Institutional practice. This deal marks a significant milestone in Mariner’s 2025 strategic national expansion plan, strengthening its ability to meet increasing client demand and will bring its total assets under advisement to approximately $550 billion in the first quarter of 2025.

Janney: 27 Financial Advisors Added In 2024

By Amit Chowdhry ● Jan 14, 2025

Janney Montgomery Scott, a leading full-service wealth management and investment banking firm, announced 27 experienced Financial Advisors joined the firm in 2024. And the Financial Advisors collectively manage over $4.3 billion in assets and joined Janney from Baird, Citizens, Fidelity, Kestra, LPL, Merrill Lynch, Osaic, Raymond James, Steward Partners Global Advisory, Truist, UBS, and Wells Fargo.

Merit Financial Acquiring $739 Million Firm Zimmermann Investment

By Amit Chowdhry ● Jan 14, 2025

Merit Financial Advisors - a Georgia-based financial advisory firm specializing in financial planning and wealth management solutions for high-net-worth individuals, families, and those navigating life transitions - announced it has acquired Zimmermann Investment Management & Planning. This deal will expand Merit's presence with a fourth office in Pennsylvania and increase its assets by $739 million.

Motorola Solutions To Buy Theatro

By Amit Chowdhry ● Jan 14, 2025

Motorola Solutions announced it has entered into a definitive agreement to acquire Theatro Labs, the maker of AI and voice-powered communication and digital workflow software for frontline workers, based in Richardson, Texas.

Quanterix To Buy Akoya Biosciences For Creating An Integrated Solution For Detection Of Protein Biomarkers

By Amit Chowdhry ● Jan 13, 2025

Quanterix and Akoya Biosciences announced a definitive merger agreement under which Quanterix will acquire Akoya in an all-stock transaction. The deal will create the first integrated solution for ultra-sensitive detection of blood- and tissue-based protein biomarkers.

N-Power Medicine Acquiring Syapse For Advancing Clinical Trial Process

By Amit Chowdhry ● Jan 13, 2025

N-Power Medicine, a company leading the transformation of the clinical trial process, announced the acquisition of Syapse, an innovator in precision medicine solutions for community cancer centers. N-Power’s acquisition of Syapse was completed through a stock-for-stock exchange on December 30, 2024. Innovatus Capital Partners (Syapse’s lead institutional investor) joins N-Power’s existing investors, including the Merck Global Health Innovation Fund (GHI) and a U.S.-based healthcare-focused investor, in providing ongoing funding for N-Power’s goals.

Checkbook To Buy Digital Payment Company sureti

By Amit Chowdhry ● Jan 13, 2025

Digital payment company Checkbook announced the acquisition of sureti, a digital payment solution dedicated to transforming the distribution of insurance claim proceeds. This strategic deal positions Checkbook at the forefront of the insurance-tech revolution, delivering faster, more innovative, and more secure payment solutions for insurance companies and their customers.

Constellation To Buy Calpine In $26.6 Billion Deal

By Amit Chowdhry ● Jan 13, 2025

Constellation and Calpine announced they have entered into a definitive agreement under which Constellation will acquire Calpine in a cash and stock transaction valued at an equity purchase price of approximately $16.4 billion, which is composed of 50 million shares of Constellation stock and $4.5 billion in cash plus the assumption of roughly $12.7 billion of Calpine net debt. And after accounting for money that is expected to be generated by Calpine between signing and the scheduled closing date, as well as the value of tax attributes at Calpine, the net purchase price is $26.6 billion, reflecting an attractive acquisition multiple of 7.9 times 2026 EV/EBITDA.

EQT To Buy Distributed Energy Company Scale Microgrids

By Amit Chowdhry ● Jan 13, 2025

EQT announced that EQT Transition Infrastructure agreed to buy Scale Microgrids, a leading vertically integrated developer, acquirer, owner, and operator of microgrids and distributed energy resources for commercial & industrial, EV fleet, data center, municipal, university, hospital, and agricultural customers, developers and communities, from Warburg Pincus and other existing shareholders.