Mergers & Acquisitions

Crane NXT Buying OpSec Security In $270 Million Deal

By Amit Chowdhry ● Mar 11, 2024

Industrial technology company Crane NXT announced it has signed a definitive agreement with Investcorp Technology Partners to buy OpSec Security for $270 million in cash, subject to customary adjustments. OpSec is a brand protection and authentication solutions leader, working with many top brands, government agencies, and financial institutions.

Patient Square Capital Buying NanoString Technologies In $220 Million Deal: Details

By Amit Chowdhry ● Mar 11, 2024

NanoString Technologies (a leading provider of life science tools for discovery and translational research) announced that it has reached an agreement with health care investment firm Patient Square Capital. In this agreement, Patient Square will serve as the stalking horse bidder in conjunction with a court-supervised sales process.

EQT And Equitrans Midstream Merging To Create A Vertically Integrated $35 Billion Natural Gas Business

By Amit Chowdhry ● Mar 11, 2024

EQT and Equitrans Midstream announced that they have entered into a definitive merger agreement to create a premier vertically integrated natural gas business with an initial enterprise value of over $35 billion. The combined company will be positioned to become a globally competitive energy giant. It will have the advantage of a peer-leading cost of supply and durable free cash flow in all price environments.

Wealth Management Service Osaic Adds $360 Million Cornerstone Advisors Team To The Firm

By Amit Chowdhry ● Mar 11, 2024

Wealth management service Osaic announced it has added Cornerstone Advisors to the firm. Cornerstone founder James P. Benson II and his team currently oversee nearly $360 million in total client assets. Benson is a veteran advisor with over 30 years of industry experience.

Why United Rentals Is Buying Yak Access For $1.1 Billion

By Amit Chowdhry ● Mar 11, 2024

United Rentals entered into a definitive agreement to buy Yak Access, Yak Mat and New South Access & Environmental Solutions from Platinum Equity for about $1.1 billion in cash. And the deal is expected to close in the first quarter of 2024, subject to limited contractual conditions.

Capgemini Buying Unity’s Digital Twin Professional Services Arm: Details

By Amit Chowdhry ● Mar 11, 2024

Capgemini and Unity announced an expansion of their strategic alliance, which involved Capgemini taking on Unity’s Digital Twin Professional Services arm. As part of the agreement, Unity’s Digital Twin Professional Services team will join and embed within Capgemini, forming one of the world's largest pools of Unity enterprise developers.

Sanctuary Wealth Brings In $1 Billion M&K Legacy Wealth Team

By Amit Chowdhry ● Mar 10, 2024

Sanctuary Wealth announced it is bringing in the Indianapolis-based M&K Legacy Wealth (M&K) team. M&K is the latest breakaway to launch their own firm through the Sanctuary Partnered Independence platform. And with $1 billion in total client assets, M&K was formerly known as Tanner Wealth Management Group and employed by Stifel.

Why Aon Is Buying Humn.ai’s Assets

By Amit Chowdhry ● Mar 10, 2024

Aon (a leading global professional services firm) announced the acquisition of Humn.ai's technology assets and intellectual property to strengthen the firm's commercial fleet proposition.

Zapier Hires Vowel Team And Launches Zapier Central: Details

By Amit Chowdhry ● Mar 10, 2024

Zapier - a workflow automation platform for small and midsized businesses - announced that it had acquired the team behind Vowel (an AI-powered video conferencing tool) for an undisclosed amount. And Vowel's CEO, Andrew Berman, will become the new Director of AI at Zapier.

Why BlackRock Is Buying SpiderRock Advisors

By Amit Chowdhry ● Mar 10, 2024

BlackRock announced it has agreed to acquire the remaining equity interest in SpiderRock Advisors (SRA), a leading provider of customized option overlay strategies in the U.S. wealth market. This deal expands on BlackRock’s minority investment in SRA made in 2021 and reinforces BlackRock’s commitment to personalized separately managed accounts (SMAs).

Razor Group: Perch Acquisition And Series D Funding Round

By Amit Chowdhry ● Mar 8, 2024

Razor Group announced it had acquired Perch (the leading Amazon aggregator in the US), and the company revealed a Series D funding round.

Why Modern Wealth Management Is Buying The $1.2 Billion Beltz Ianni & Associates Firm

By Amit Chowdhry ● Mar 8, 2024

Modern Wealth Management - a registered investment advisory (RIA) firm founded to meet the evolving needs of today’s financial professionals and their clients, today announced the strategic acquisition of Rochester, New York-based Beltz Ianni & Associates, a corporate retirement planning and individual wealth management firm with over $1.2 billion in assets.

Why Cloudflare Is Buying Nefeli Networks’ Team And Technology

By Amit Chowdhry ● Mar 7, 2024

Cloudflare - the leading connectivity cloud company - announced the launch of Magic Cloud Networking. Magic Cloud Networking is a simple, secure, scalable product for businesses to connect and secure public cloud environments.

VIAVI Solutions Buying Spirent Communications In $1.28 Billion Deal: Details

By Amit Chowdhry ● Mar 7, 2024

VIAVI Solutions (a leading provider of communications test, measurement, and optical technologies) and Spirent Communications plc (a global provider of automated test and assurance solutions for networks, cybersecurity, and positioning) announced an agreement on the terms of a cash offer for Spirent, which the Spirent Board intends to recommend unanimously. The deal price values Spirent at about £1.005 billion (or $1.28 billion based on the British pound sterling to U.S. dollar exchange rate on March 4, 2024).

CrowdStrike Buying Flow Security: Details

By Amit Chowdhry ● Mar 7, 2024

CrowdStrike announced it is acquiring Flow Security, the industry’s first and only cloud data runtime security solution. And through this acquisition, CrowdStrike will enhance its modern cloud security with comprehensive real-time data protection spanning endpoint and cloud environments.

Keeney Financial Group Merging With Beacon Pointe Advisors

By Amit Chowdhry ● Mar 7, 2024

Beacon Pointe Advisors has announced its latest partnership with Keeney Financial Group. This is Beacon Pointe's first M&A deal in the mid-Atlantic region and in Maryland.

Why Accenture Is Buying Udacity

By Amit Chowdhry ● Mar 7, 2024

Accenture announced it has agreed to acquire Udacity, a digital education pioneer with deep expertise in developing and delivering proprietary technology courses that blend the flexibility of online learning with the benefits of human instruction. The terms of the deal were not undisclosed.