Mergers & Acquisitions

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.

Teedup Acquiring 55 Industries With Support From Leonid Capital Partners

By Amit Chowdhry ● Feb 22, 2024

Leonid Capital Partners (a leading private credit firm focused on the US Government sector) announced a strategic $7 million financing to support private equity firm Teedup in their acquisition of 55 Industries, an inspections services company serving the Aerospace and Defense industries as a Prime contractor. And this customized loan agreement, structured around 55 Industries’ robust government contract pipeline and backlog, exemplifies Leonid’s innovative approach to empowering strategic acquisitions within underserved and nationally critical sectors.

Why Apollo Intelligence Is Buying GlocalMind

By Amit Chowdhry ● Feb 22, 2024

Apollo Intelligence (a leading provider of real-time data and insights to the healthcare and life science industries) announced it has acquired GlocalMind (a global technology-driven healthcare market research services and panel company). Launched in 2010, with teams in the US, Europe, and India, GlocalMind provides access to healthcare professionals (HCPs) and key opinion leaders (KOLs) in Europe and Asia-Pacific (APAC) regions, featuring a research operating center of excellence in India.

Liquid Agency Buying Branding Agency MindHandle

By Amit Chowdhry ● Feb 22, 2024

Liquid Agency - a brand consulting and activation company based in San Jose, California - announced it acquired Dallas-based employment branding agency MindHandle. This move builds on Liquid Agency's recent momentum in optimizing and aligning employee, customer and brand experience (Ex, Cx and Bx) among their service offerings. Liquid Agency’s current and former client experience includes Walmart, Nasdaq, Google, UGG, Nike, Nordstrom, Microsoft, GE, Silicon Valley Bank, John Deere and Ernest Packaging Solutions.

Why Archer Is Buying Compliance.ai

By Amit Chowdhry ● Feb 22, 2024

Archer - an enterprise leader in providing a fully integrated risk management solution - announced the acquisition of Compliance.ai, a leading provider of artificial intelligence (AI)-driven regulatory change management solutions. This acquisition enables Archer clients to supplement their compliance initiatives with cutting-edge AI technology to automate monitoring, tracking, reporting, and responding to continually changing regulations in real-time.

1Password Buying Kolide: Details

By Amit Chowdhry ● Feb 22, 2024

1Password (a provider of the most-used enterprise password manager) announced the acquisition of Kolide (a leader in device health and contextual access management, enabling businesses to meet the rising security challenges of the modern workforce that now works from anywhere and on any device).

Universal Music Group Acquires Minority Stake In Chord Music Partners For $240 Million

By Amit Chowdhry ● Feb 21, 2024

Universal Music Group (UMG) - a leader in music-based entertainment and Dundee Partners (the investment office of the Hendel family) announced that UMG will acquire a 25.8% interest in Chord Music Partners (Chord) for US$240 million (approximately €223 million when converted into € at the current EUR/USD rate at the time) in a deal that values Chord at US$1.85 billion.

Cintas Acquires Uniform Supplier Program Company SITEX: Details

By Amit Chowdhry ● Feb 21, 2024

Cintas Corporation announced it has acquired SITEX, a Kentucky-based, family-owned supplier of uniform and facility service programs. SITEX was launched by the Sights family in Henderson, Kentucky in 1961.

Truist Selling Remaining Stake In Insurance Holdings At $15.5 Billion Valuation

By Amit Chowdhry ● Feb 21, 2024

Truist Financial Corporation announced that it has reached a definitive agreement to sell its remaining stake in Truist Insurance Holdings (TIH), a subsidiary of Truist and the fifth largest insurance brokerage in the United States, to an investor group led by private equity firms Stone Point Capital and Clayton, Dubilier & Rice (CD&R). Mubadala Investment Company and other co-investors are also participating in the investment.

Borgman Capital Sells Portfolio Company Aerial Work Platforms To Herc Rentals

By Amit Chowdhry ● Feb 21, 2024

Borgman Capital (a lower middle market private equity firm) announced the sale of its portfolio company Aerial Work Platforms, Inc. (AWP), an equipment rental company to Herc Rentals Inc. The terms of the transaction were not disclosed.

Why Accenture Is Buying GemSeek: Details

By Amit Chowdhry ● Feb 21, 2024

Accenture has agreed to acquire GemSeek, a leading customer experience analytics provider helping global businesses understand customers through insights, analytics and AI-powered predictive models. And the acquisition underscores ongoing investment by Accenture Song (the world’s largest tech-powered creative group in data and AI capabilities to help clients grow their business and sustain relevance with customers).

S&P Global Buying Visible Alpha: Details

By Amit Chowdhry ● Feb 21, 2024

S&P Global has announced an agreement to acquire Visible Alpha (the financial technology provider of industry and segment consensus data, sell-side analyst models, and analytics from exclusive sources). This acquisition will create a premium offering of fundamental investment research capabilities on S&P Global Market Intelligence's Capital IQ Pro platform.

Sigma Defense Buying Juno Technologies: Details

By Amit Chowdhry ● Feb 21, 2024

Sigma Defense (a portfolio company of Sagewind Capital and a leading provider to the U.S Department of Defense) recently announced the acquisition of Juno Technologies. Juno Technologies specializes in delivering IT engineering, systems integration, software development, and technical support to the Department of Defense (DoD).

Why Cadre Holdings Is Buying Alpha Safety For $106.5 Million

By Amit Chowdhry ● Feb 21, 2024

Cadre Holdings (a global leader in the manufacturing and distribution of safety and survivability equipment) announced it has entered into a definitive agreement to acquire Alpha Safety Intermediate, LLC (the operating parent of Alpha Safety, a leading nuclear safety solutions company) for $106.5 million excluding working capital and certain other adjustments upon closing.

Why Xalts Is Buying Contour Network

By Amit Chowdhry ● Feb 21, 2024

Xalts - a company that is used by financial institutions and businesses to build and manage digital finance applications - announced its acquisition of Contour Network (owned by a consortium of global banks to accelerate digitization in trade and supply chain finance).

RedBird IMI Buying Global Production Company All3Media

By Amit Chowdhry ● Feb 21, 2024

RedBird IMI recently announced that it has agreed to acquire All3Media, one of the world’s leading independent television production and distribution companies, from its joint owners Warner Bros. Discovery and Liberty Global for £1.15 billion. RedBird IMI is a joint venture between RedBird Capital Partners and International Media Investments focused on building high-growth companies in media, entertainment, and sports.

Why Allurity Is Buying SRLabs

By Amit Chowdhry ● Feb 21, 2024

Allurity (a European group of leading tech-enabled cybersecurity companies) has completed the strategic acquisition of Security Research Labs (SRLabs), a globally recognized cyber consultancy based in Berlin and Hong Kong. This acquisition marks an important milestone as SRLabs brings unique expertise that enhances Allurity's market position and strengthens its capabilities to deliver a holistic cybersecurity offering.

Capital One To Acquire Discover In $35.3 Billion Deal

By Amit Chowdhry ● Feb 20, 2024

Capital One Financial Corporation and Discover Financial Services announced that they have entered into a definitive agreement under which Capital One will buy Discover in an all-stock transaction valued at $35.3 billion. These are the details.

Walmart To Acquire VIZIO For $2.3 Billion: Details

By Amit Chowdhry ● Feb 20, 2024

Walmart and VIZIO announced today that they have entered into an agreement for Walmart to acquire VIZIO for $11.50 per share in cash, equating to a fully diluted equity value of approximately $2.3 billion. The acquisition of VIZIO and its SmartCast Operating System (OS) would enable Walmart to connect with and serve customers in new ways, including innovative television and in-home entertainment and media experiences.