Mergers & Acquisitions

Why Amphenol Is Buying The CIT Business From Carlisle

By Annie Baker ● Jan 30, 2024

Amphenol Corporation - a leading global provider of high-technology interconnect, antenna and sensor solutions - announced a definitive agreement to acquire the Carlisle Interconnect Technologies (CIT) business of Carlisle Companies Incorporated for $2.025 billion in cash, subject to customary post-closing adjustments.

Why Aditxt Is Buying A Portfolio Of EEG Brain Monitoring Technologies And Devices Formerly Owned By Brain Scientific

By Dan Anderson ● Jan 30, 2024

Aditxt - a company dedicated to discovering, developing, and deploying promising health innovations - announced the acquisition of a portfolio of EEG brain monitoring technologies and devices formerly owned by Brain Scientific. The products targeting the neurology monitoring market will be essential in shaping its dynamic landscape for neurological care.

Why ieDigital Is Buying ABAKA

By Annie Baker ● Jan 30, 2024

ieDigital has announced the acquisition of ABAKA, an AI-based recommendation engine platform that uses machine learning and behavioral segmentation software to predict which products like banking products, savings accounts, or retirement solutions are the most likely to be bought by financial services consumers.

Why ePlus Is Buying PEAK Resources

By Noah Long ● Jan 30, 2024

ePlus announced that it has acquired certain assets of PEAK Resources. Based in Denver, PEAK has built a reputation as one of the top IT Solution Providers in the region. PEAK's customer-centric approach focuses on delivering professional services, data centers, networking, and cyber security products and solutions. The deal will help drive additional growth with enhanced engineering, sales, and service delivery capabilities in the Mountain West region.

Why Quantum5 Is Buying Trivie

By Noah Long ● Jan 29, 2024

Ander and its automotive division Quantum5 (the first holistic learning ecosystem in automotive to drive measurable performance through engagement and proficiencies) announced the acquisition of Trivie (a modern workforce engagement platform that utilizes AI-generative tools to personalize learning content, build community, and deliver higher learning experiences through knowledge reinforcement science).

Why Arthur J. Gallagher & Co. Is Buying Forest Insurance Facilities

By Annie Baker ● Jan 29, 2024

Arthur J. Gallagher & Co. has announced that its U.S. wholesale brokerage, binding authority and programs division, Risk Placement Services (RPS), has acquired Metairie, Louisiana-based Forest Insurance Facilities. The terms of the deal were not disclosed.

WillScot Mobile Mini Buying McGrath RentCorp For $3.8 Billion

By Noah Long ● Jan 29, 2024

WillScot Mobile Mini Holdings (a leader in innovative temporary space solutions) announced it has entered into a definitive agreement to acquire McGrath RentCorp (a leading business-to-business rental company based in Livermore, California). This acquisition will advance WillScot Mobile Mini’s position as a North American leader in turnkey space solutions with a complementary geographic footprint and a more diversified platform, providing enhanced value across key customer segments.

Why Dynatrace Is Buying Runecast

By Amit Chowdhry ● Jan 29, 2024

Dynatrace (a leader in unified observability and security) announced it signed a definitive agreement to acquire Runecast (a provider of AI-powered security and compliance solutions). Integrating Runecast into the Dynatrace platform will extend Dynatrace contextual security protection and analytics with Runecast security posture management.

Fresh Vine Wine Signs Deal To Merge With Notes Live In $350 Million Deal

By Annie Baker ● Jan 29, 2024

Why H.I.G. Capital Is Buying DX Group

By Annie Baker ● Jan 29, 2024

H.I.G. Capital - a leading global alternative asset investment firm with $60 billion of capital under management - announced that one of its affiliates has completed the public-to-private acquisition of DX Group plc, which was previously listed on the London Stock Exchange’s AIM market, for an aggregate consideration of £307 million.

Why vidIQ Is Buying Creator Now

By Noah Long ● Jan 29, 2024

vidIQ announced it is buying Los Angeles-based creator education platform Creator Now. Launched in 2021, Creator Now was founded by YouTube star Airrack along with co-founders, Zack Honarvar and Kate Ward. And the company has been on a mission to connect up-and-coming creators with the educational resources and community they need to successfully grow and monetize on YouTube.

Vista Equity Partners Completes $4 Billion EngageSmart Acquisition

By Dan Anderson ● Jan 28, 2024

EngageSmart (a leading provider of vertically tailored customer engagement software and integrated payments solutions) has announced the completion of its acquisition by an affiliate of Vista Equity Partners (a leading global investment firm focused exclusively on enterprise software, data, and technology-enabled businesses) for $23 per share in cash, valuing the company at about $4 billion.

Why Roper Technologies Is Buying Procare Solutions For About $1.75 Billion

By Amit Chowdhry ● Jan 26, 2024

Roper Technologies announced that it has reached a definitive agreement to acquire Procare Solutions for a net purchase price of approximately $1.75 billion, including a $110 million tax benefit resulting from the transaction. The net purchase price represents about 18 times Procare’s estimated EBITDA for the twelve months ending March 31, 2025.

Why Haleon Is Selling ChapStick To Suave Brands For $430 Million

By Amit Chowdhry ● Jan 26, 2024

Haleon plc entered into a binding agreement to sell the ChapStick brand to Suave Brands Company, a portfolio company of Yellow Wood Partners.

Why Minute Media Is Buying STN Video

By Annie Baker ● Jan 26, 2024

Minute Media - a leading global technology and sports content company - announced it has acquired STN Video, the North American industry leader in sports content distribution, who holds premium partnerships with every major league in the US alongside an award-winning Online Video Platform, reaching tens of millions of unique users across the web.

Why Kadant Is Buying KWS Manufacturing Company

By Annie Baker ● Jan 26, 2024

Kadant announced it had completed the acquisition of KWS Manufacturing Company, Ltd. (KWS) for about $84 million in cash, subject to certain customary adjustments. This acquisition was financed primarily through borrowings under Kadant's revolving credit facility.

National Bankshares To Buy Frontier Community Bank For $17.1 Million Deal: Details

By Dan Anderson ● Jan 25, 2024

National Bankshares and Frontier Community Bank has jointly announced that they have entered into a definitive merger agreement for National Bankshares to buy Frontier. And as of September 30, 2023, Frontier had total assets of approximately $154 million. Upon the completion of the deal, National Bankshares is expected to have total consolidated assets of approximately $1.7 billion based on September 30, 2023 financial data.

Why Voltron Data Is Buying Claypot AI

By Amit Chowdhry ● Jan 25, 2024

Voltron Data - a company accelerating modular and composable data analytics systems - recently announced that it has acquired Claypot AI, a real-time AI platform startup. And Voltron Data processes large batch workloads on GPUs today and will incorporate Claypot AI's real-time capabilities on GPU.

Carlyle: Acquisition Of $415 Million Private Student Loan Portfolio And Strategic Investment In Monogram

By Amit Chowdhry ● Jan 24, 2024

Global investment firm Carlyle announced the acquisition of a $415 million private student loan portfolio, and strategic investment into Monogram, a leading provider of finance solutions for students and their families. Led by the former management team of Cognition Financial and backed by Carlyle, Monogram will partner with Carlyle to originate, acquire, and manage high-quality third-party private student loan assets.

Stellantis Buying AI Technologies And IP From CloudMade

By Amit Chowdhry ● Jan 24, 2024

Stellantis N.V. has announced the acquisition of the artificial intelligence framework, machine learning models, intellectual property rights, and patents of CloudMade, a developer of smart and innovative big data-driven automotive solutions.

Farmers Edge To Go Private In Deal With Fairfax

By Noah Long ● Jan 24, 2024

Farmers Edge announced that it has entered into an arrangement agreement with 15635594 Canada, a newly-formed subsidiary of the company's majority shareholder, Fairfax Financial Holdings Limited (FFHL) and FFHL, as guarantor, in respect of a transaction whereby 15635594 Canada will acquire all of the common shares in the capital of Farmers Edge, other than those common shares owned by FFHL and its affiliates and the Farmers Edge Chief Executive Officer at a purchase price of C$0.35 per common share, payable in cash.

Fusemachines To Go Public Through Merger With CSLM Acquisition

By Amit Chowdhry ● Jan 24, 2024

Fusemachines - a leading provider of enterprise AI products and solutions, and CSLM Acquisition Corp. (a special purpose acquisition company), announced the signing of a definitive agreement for a business combination that is expected to result in Fusemachines becoming a public company. Upon closing the deal, subject to approvals by CSLM's stockholders and Fusemachines stockholders and other customary closing conditions, the combined company is expected to list on Nasdaq under the ticker symbol "FUSE."

Why Angeles Equity Partners Is Buying Acieta From Mitsui

By Amit Chowdhry ● Jan 23, 2024

An affiliate of Angeles Equity Partners, LLC - a private investment firm focused on value creation through operational transformation - announced the acquisition of Acieta LLC, a Midwest-based industrial robotics manufacturer and integrator, from Mitsui & Co. (U.S.A.). This deal marks the fourth strategic acquisition by Angeles in the robotics integration sector, complementing its current platform consisting of RōBEX, Mid-State Engineering, and +Vantage.

Why Monomoy Is Buying EnviroTech Services

By Noah Long ● Jan 23, 2024

Monomoy Capital Partners - a private investment firm focused on private equity and credit investing in the middle market - announced the acquisition of EnviroTech Services, a leading value-added distributor of road surface products and provider of road maintenance services headquartered in Greeley, Colorado.

Why Deloitte Is Buying The Assets Of Giant Machines

By Amit Chowdhry ● Jan 23, 2024

Deloitte announced that it had acquired substantially all of the assets of Giant Machines, a digital product company based in New York City. The Giant Machines business focuses on strategizing, designing, and engineering innovative digital products, and will help bolster Deloitte Digital and Deloitte Engineering capabilities to offer clients a robust suite of services to deliver strategic and scaled engineering solutions.

Why Tiugo Technologies Is Buying Uploadcare

By Amit Chowdhry ● Jan 23, 2024

Tiugo Technologies (a PSG portfolio company offering a collection of strong developer tools and solutions in the content creation and digital collaboration markets) has announced the acquisition of Uploadcare. This is Tiugo Technologies’ fourth acquisition, with Uploadcare joining TinyMCE, CKEditor, and Butter.

Oxitope Pharma And Arxx Merge To Form Calluna Pharma And Raises €75 Million

By Dan Anderson ● Jan 23, 2024

Oxitope Pharma and Arxx Therapeutics - companies with a shared goal of utilizing the innate immune system to discover and develop disease-modulating therapies - announced today their merger to form Calluna Pharma today. Calluna has raised €75 million in a series A financing and is backed by Oxitope and Arxx’s existing lead investors, Forbion, Sarsia, p53, and Investinor.

Health Assurance Transformation To Buy Summa Health: Details

By Amit Chowdhry ● Jan 23, 2024

Summa Health and General Catalyst’s Health Assurance Transformation Corporation (HATCo) recently announced that the two organizations have signed a non-binding Letter of Intent outlining HATCo’s planned acquisition of Summa Health. This strategic deal marks the beginning of a long-term, transformational journey to create a new, more proactive, affordable, and equitable system of community-based lifelong healthcare.

Bloomreach Buying Radiance Commerce To Advance AI Innovation For E-Commerce

By Amit Chowdhry ● Jan 23, 2024

Bloomreach - a platform driving limitless e-commerce experiences - announced today the acquisition of Radiance Commerce, an enterprise-grade conversational commerce platform powered by the latest in generative AI. Utilizing large language models (LLMs), Radiance guides customers on their shopping journey through expertise-based selling, product search, recommendations, and exploration. In joining Bloomreach, the Radiance team offers deep technical expertise in AI and conversational commerce to propel Bloomreach’s AI innovation for e-commerce further.

Sunoco LP Buying NuStar Energy For About $7.3 Billion

By Amit Chowdhry ● Jan 22, 2024

Sunoco LP and NuStar Energy L.P. has announced that the parties have entered into a definitive agreement whereby Sunoco will acquire NuStar in an all-equity transaction valued at approximately $7.3 billion, including assumed debt. These are the details.