Mergers & Acquisitions

Why ResultsCX Is Buying Huntswood

By Amit Chowdhry ● Feb 18, 2024

ResultsCX - a leading provider of transformational CXM (Customer Experience Management) services to global brands, including Fortune 100 and 500 firms - announced that it has acquired Huntswood, a UK-based consulting and customer solutions company. With this acquisition, ResultsCX expands its service capabilities in the BFSI (Banking, Financial Services, and Insurance) sector and strengthens connections with leading energy and water companies in Utilities.

Why DraftKings Is Buying Jackpocket For $750 Million

By Amit Chowdhry ● Feb 18, 2024

DraftKings announced that it has reached an agreement to acquire Jackpocket, a leading lottery app in the United States, for total consideration of approximately $750 million, with about 55% of the consideration payable in cash funded from the company’s balance sheet with no capital raise required and approximately 45% of the consideration payable in the company’s Class A common stock, subject to customary purchase price adjustments.

Cetera Brings In $312 Million Team Regal Wealth Advisors

By Amit Chowdhry ● Feb 16, 2024

Cetera Financial Group (the premier financial advisor Wealth Hub) announced that Regal Wealth Advisors has joined Summit Financial Networks, a region of Cetera Advisor Networks LLC. And Regal Wealth provides comprehensive planning and investment advice to clients and had more than $312 million in assets under administration as of February 2, 2024. The group – which was co-founded by Michael McCarthy, CFP, CLU, ChFC, and Andrew S. Pincus, JD, CPA, CFP and accompanied by long-time investment professional Fred DaVeiga, CPA, CFP, is based out of Myrtle Beach, S.C. and joined Cetera Advisor Networks from LPL Financial.

Why Pathstone Is Buying Crestone Capital

By Amit Chowdhry ● Feb 16, 2024

Pathstone (a partner-owned advisory firm offering comprehensive and highly customized investment advice and family office services) announced it has entered into an agreement to acquire Crestone Capital. Based in Boulder, Colorado, Crestone delivers a suite of fully integrated investment management and wealth advisory services to an exclusive network of entrepreneurs, business owners, and their families.

Why Capstreet Is Buying Analytic Stress Relieving

By Amit Chowdhry ● Feb 16, 2024

Capstreet (a Houston-based lower middle market private equity firm) has acquired Analytic Stress Relieving (ASR), a provider of on-site heat-treating services. The terms of the transaction were not disclosed.

Armis Buying AI Cybersecurity Company CTCI: Details

By Amit Chowdhry ● Feb 16, 2024

Armis (asset intelligence cybersecurity company) announced it agreed to acquire CTCI (Cyber Threat Cognitive Intelligence), a privately held company specializing in AI-powered pre-attack threat hunting technology. In a private deal that closed this week, Armis has acquired all of CTCI technology and employees, expecting to merge the company with Armis over the next 30 days.