Mergers & Acquisitions

Why Mercer Advisors Is Buying MDK Private Wealth Management

By Amit Chowdhry ● Mar 5, 2024

Mercer Global Advisors - a national Registered Investment Adviser (RIA) - announced the acquisition of MDK Private Wealth Management. And MDK is a comprehensive wealth management firm located in Seattle, Washington. MDK, founded in 2020 by co-founders Paul Meyer, Jaimi Dennehy, and Chris Kalafatis and complemented by a highly qualified team of professionals, serves its Ultra High Net Worth (UHNW) clientele with assets under supervision of over $2.5 billion.

GW & Wade ($10.4 Billion AUM) Merging With Colony ($21.1 Billion AUM)

By Amit Chowdhry ● Mar 4, 2024

Focus Financial Partners - a leading partnership of independent, fiduciary wealth management firms - announced that it has entered into a definitive agreement under which GW & Wade, headquartered in Wellesley, Massachusetts, will formally join fellow Focus partner firm The Colony Group. This deal is expected to close in Q1 2024, subject to customary closing conditions.

Why Toney Healthcare Is Buying Rebellis Group

By Amit Chowdhry ● Mar 4, 2024

Toney Healthcare - a clinically-oriented consultancy and provider of utilization management, care management, and quality improvement services to health plans nationwide - announced it has acquired Rebellis Group. The terms of the transaction were not disclosed.

Why Adenia Partners Is Buying The Courier Guy

By Amit Chowdhry ● Mar 4, 2024

Adenia Partners - a leading private equity firm focused on growth opportunities in Africa - announced it has acquired 100% of The Courier Guy, which is a leader in last-mile delivery and express parcel (CEP) services in South Africa, along with co-investors DEG, Proparco, and South Suez. And this acquisition - made through Adenia Capital (V) LP - marks the second investment of Adenia’s fifth flagship fund, Adenia V, and demonstrates the firm’s commitment to the fast-evolving last-mile delivery landscape in South Africa. The financial terms of the transaction were not disclosed.

Why Leeds Equity Partners Is Buying TouchMath

By Amit Chowdhry ● Mar 4, 2024

Leeds Equity Partners recently announced that it has acquired TouchMath, a mission-driven organization focused on serving students with learning disabilities and those struggling with math concepts. The terms of the deal were not disclosed.

Why WebMD Is Buying Healthwise

By Amit Chowdhry ● Mar 4, 2024

WebMD Health (an Internet Brands company and a leader in health information services for consumers, physicians and other healthcare professionals) recently announced it has joined forces with Healthwise, Incorporated, the patient and member health education and engagement company, by acquiring Healthwise's current operating assets.

Why Groq Is Buying Definitive Intelligence

By Amit Chowdhry ● Mar 4, 2024

Groq (a generative AI solutions company) recently announced it has acquired Definitive Intelligence (a company redefining how businesses utilize data and empowering organizations to unlock actionable insights), all powered by AI.

Why Endava Is Buying GalaxE Solutions For Up To $405 Million

By Amit Chowdhry ● Mar 4, 2024

Endava - a leading technology services company combining sophisticated engineering, industry expertise and a people-centric mindset - recently announced it entered into a definitive agreement to acquire 100% ownership of GalaxE Group, a global IT and business solutions provider headquartered in New Jersey, United States.

Super League Selling Minehut Business Unit To GamerSafer

By Amit Chowdhry ● Mar 4, 2024

Super League - a leading creator and publisher of content experiences and media solutions across the world’s largest immersive platforms - recently announced it has sold its Minehut business unit to GamerSafer, a security and online gamer experience startup. And the Board of Directors of Super League and GamerSafer have approved the transaction, which is now complete.

Why Fortune Brands Is Buying SpringWell For About $105 Million

By Amit Chowdhry ● Mar 4, 2024

Shenandoah Telecommunications Company Selling Towers For $310 Million

By Amit Chowdhry ● Mar 4, 2024

Shenandoah Telecommunications Company announced that it has entered into a Purchase and Sale Agreement with Vertical Bridge Holdco to sell its tower portfolio and operations to Vertical Bridge for $310.3 million in cash.

Why First Advantage Is Buying Sterling Check For $2.2 Billion

By Amit Chowdhry ● Mar 4, 2024

First Advantage - a leading provider of employment background screening, identity, and verification solutions - recently announced that it has entered into a definitive purchase agreement to acquire Sterling Check, a provider of background screening and identity services. And First Advantage will issue a combination of cash and stock valuing Sterling at approximately $2.2 billion, including Sterling’s outstanding debt.

NorthRock Partners Acquires Minkoff Wealth Partners And Opens SF Office

By Amit Chowdhry ● Mar 4, 2024

NorthRock Partners - a full-service financial and lifestyle advisory firm - announced it has opened its first office in California, acquiring San Francisco-based Minkoff Wealth Partners. This move also marks the firm’s first acquisition since announcing a formal partnership with Sammons Financial Group.

Why Totango And Catalyst Are Merging

By Amit Chowdhry ● Mar 1, 2024

Totango (a top enterprise customer success software) and Catalyst (the leading customer growth platform) announced that they are merging to provide one of the most powerful customer growth platforms on the market. About 600 organizations globally trust the platforms to drive business outcomes, and the new organization will provide businesses with a unified solution to drive measurable growth from their customer base.

Why Summit Is Buying Deft

By Amit Chowdhry ● Feb 29, 2024

Summit - one of the largest providers of virtual servers and cloud-based application hosting in the U.S. and Canada - announced it has acquired Deft, which is a comprehensive provider of data center and managed cloud services.

Why Ginkgo Bioworks Is Buying Patch Biosciences

By Amit Chowdhry ● Feb 29, 2024

Ginkgo Bioworks - a company that is building the leading platform for cell programming and biosecurity - announced the acquisition of Patch Biosciences. Patch Biosciences has built an AI platform for sequence design that enables more effective, specific, and durable genetic medicines and was backed by Andreessen Horowitz (a16z) Bio + Health, Casdin Capital, and S32. This acquisition is intended to strengthen Ginkgo's Gene Therapy Services, Cell Therapy Services, and RNA Therapeutics Services.

Why Accenture Song Is Buying Mindcurv

By Amit Chowdhry ● Feb 29, 2024

Accenture has agreed to acquire Mindcurv, a cloud-native digital experience and data analytics company specializing in composable software, digital engineering, and commerce services for more than 200 clients worldwide. And through this acquisition, Accenture Song—the world’s largest tech-powered creative group—further expands its commerce services for clients globally. The terms of the deal from private equity investment firms Genui and Primepulse were not disclosed.

Why Atlas Energy Solutions Is Buying Hi-Crush In $450 Million Deal

By Amit Chowdhry ● Feb 29, 2024

Atlas Energy Solutions announced that it has entered into a definitive agreement with Hi Crush to acquire all of Hi-Crush’s Permian Basin proppant production assets and North American logistics operations in a transaction valued at $450 million.

Why RadNet Is Buying Houston Medical Imaging

By Amit Chowdhry ● Feb 29, 2024

RadNet - a national leader in providing high-quality and cost-effective outpatient diagnostic imaging services - announced that it has signed a definitive agreement to purchase the assets of seven imaging centers in the greater Houston, Texas metropolitan area from Houston Medical Imaging, LLC. And upon the closing of the acquisition - which is anticipated to occur during the Q2 2024 - RadNet will be entering its first new market since 2020. The deal is subject to customary closing conditions.

Why Big Lift Is Buying ePicker

By Amit Chowdhry ● Feb 29, 2024

Big Lift recently announced that it completed the acquisition of ePicker, a fast-growing material-handling equipment provider based in Fort Worth, Texas. Since its launch in 2021, ePicker has built an impressive network of industry-leading material handling distributors that market its portfolio of electric pallet jacks, stackers, access vehicles, and lithium-ion-powered forklifts to customers across North America.

Why Sandvik Is Buying Cimquest

By Amit Chowdhry ● Feb 28, 2024

Sandvik announced it had signed an agreement to acquire Cimquest, a US-based reseller of Computer Aided Manufacturing (CAM) solutions and one of the largest resellers in the Mastercam network.

Why HYPE Innovation Is Buying Planbox

By Amit Chowdhry ● Feb 28, 2024

HYPE Innovation and Planbox - two major players in innovation management – have announced a merger. This union creates an unparalleled platform, solidifying its commitment to empowering organizations to conquer the ever-evolving business world challenges, ensuring they are current and future-fit.

Why Workday Is Buying HiredScore

By Amit Chowdhry ● Feb 28, 2024

Workday - a leading provider of solutions to help organizations manage their people and money – announced it has entered into a definitive agreement to acquire HiredScore, a leading provider of AI-powered talent orchestration solutions that enable companies to use data-driven insights to improve recruiting and talent mobility processes.

Why Veradigm Is Buying ScienceIO For $140 Million

By Amit Chowdhry ● Feb 28, 2024

Veradigm - a leading provider of healthcare data and technology products and solutions - announced that it has signed a definitive agreement to acquire ScienceIO. The Veradigm Board of Directors has unanimously approved the deal and is expected to close as promptly as practicable following the satisfaction of customary closing conditions.

Barclays And Blackstone Agree To $1.1 Billion Of Credit Card Receivables Deal

By Amit Chowdhry ● Feb 28, 2024

Barclays PLC and Blackstone Credit & Insurance announced that Barclays Bank Delaware (BBDE) has entered into an agreement with insurance accounts managed by Blackstone’s Asset Based Finance group to sell approximately US$1.1 billion of currently outstanding credit card receivables in relation to a defined set of Barclays-branded credit card accounts in the United States of America. This is the first in a series of activities Barclays plans to conduct to reduce its risk-weighted assets (RWAs) and create additional lending capacity for BBDE.

Why Sparq Is Buying Nearshore Digital Engineering Firm Octobot

By Amit Chowdhry ● Feb 28, 2024

Sparq - a leading U.S.-based provider of outsourced digital engineering for technology driven and Fortune 1000 companies – announced it has acquired Octobot. This fast-growing nearshore digital engineering firm will expand Sparq’s digital product development services and nearshore delivery capabilities.

U.S. News & World Report Buying TheCultureTrip

By Amit Chowdhry ● Feb 28, 2024

U.S. News & World Report - a global leader in consumer advice and decision support - announced the acquisition of TheCultureTrip.com, a premier travel website with thousands of curated travel guides and a marketplace for tours worldwide.

Agiliti Being Taken Private By THL Partners In $2.5 Billion Deal

By Amit Chowdhry ● Feb 27, 2024

Agiliti - a nationwide provider of medical technology management and service solutions to the healthcare industry - announced that it has entered into a definitive merger agreement under which an affiliate of private equity firm Thomas H. Lee Partners, L.P. (THL), the company’s majority shareholder, will acquire all outstanding shares of Agiliti common stock not currently owned by THL and its affiliates and certain management shareholders for $10 per share in cash, implying an enterprise value of approximately $2.5 billion.

Why Modine Is Buying Scott Springfield Manufacturing

By Amit Chowdhry ● Feb 27, 2024

Modine (a diversified global leader in innovative thermal management and ventilation solutions) announced that it had entered into a definitive agreement to acquire Scott Springfield Manufacturing, a leading manufacturer of air handling units (AHU).

Why ServiceNow Is Buying The Atrinet NetACE Network Technology

By Amit Chowdhry ● Feb 27, 2024

ServiceNow - a leading digital workflow company making the world work better for everyone - announced it has signed an agreement to acquire NetACE network management and automation technology from Atrinet to accelerate business transformation for telecommunications companies (telcos). And once re-platformed into the ServiceNow platform, Atrinet’s NetACE technology will enable comprehensive, end-to-end network lifecycle management for telcos on a single, AI-first digital workflow platform.