Mergers & Acquisitions

TROOPS TO Buy 49% Of WORK

By Amit Chowdhry ● Jul 15, 2025

TROOPS announced its subsidiary, Giant Connection Limited, plans to acquire 49% of WORK, Inc., a co-working space operator in Taiwan, with an option to buy the remaining 51% later.

Sphinx Acquiring Enigma For Enhancing Cybersecurity And Intelligence Solutions

By Amit Chowdhry ● Jul 14, 2025

Sphinx, a developer of Counterintelligence (CI) and cyber tools, announced it has acquired Enigma International. This acquisition significantly enhances Sphinx's ability to protect defense and commercial security clients from advanced threat actors by integrating Enigma's expertise in language and systems development.

Zimmer Biomet To Buy Monogram Technologies In $177 Million Deal

By Amit Chowdhry ● Jul 14, 2025

Zimmer Biomet (a global medical technology leader) has entered a definitive agreement to acquire Monogram Technologies (an orthopedic robotics company) for approximately $177 million in equity value. Monogram stockholders will also receive a non-tradeable contingent value right (CVR) potentially worth up to $12.37 per share based on future milestones. Both companies' boards have unanimously approved the transaction.

QGenda: Acquisition Of New Innovations Revealed

By Amit Chowdhry ● Jul 13, 2025

QGenda (a Hearst company and a leader in healthcare scheduling and optimization software) announced it has acquired New Innovations, the largest provider of residency management software (RMS).

Modern Wealth To Buy Kaye Capital And Pass $8.5 Billion AUM

By Amit Chowdhry ● Jul 13, 2025

Modern Wealth Management has acquired Kaye Capital Management (KCM), a California-based, fee-only RIA with $700+ million in assets under management (AUM) and an additional $300 million in assets under advisement (AUA). This acquisition brings Modern Wealth's total AUM to $8.5+ billion and is its fourth acquisition of 2025.

Aspen Standard Acquiring $880 Million Firm SKY Investment

By Amit Chowdhry ● Jul 13, 2025

Aspen Standard Wealth, a firm specializing in long-term partnerships with independent advisory firms, has announced its acquisition of SKY Investment Group. Based in Hartford, Connecticut, SKY Investment Group is a Registered Investment Advisor (RIA) with $880 million in assets under management (AUM).

F2 Strategy To Buy Aliter Investment Services

By Amit Chowdhry ● Jul 13, 2025

F2 Strategy, a wealth management technology and marketing services company, has acquired Aliter Investment Services, a firm specializing in operations and technology transformation for investment managers and asset servicing providers.

Merck To Buy Verona Pharma In $10 Billion Deal

By Amit Chowdhry ● Jul 13, 2025

Merck has reached a definitive agreement to acquire Verona Pharma, a biopharmaceutical company focused on respiratory diseases, for $107 per American Depository Share (ADS), totaling about $10 billion. Each ADS represents eight ordinary shares of Verona Pharma.

LPL Brings In $870 Million Team Narmi Group

By Amit Chowdhry ● Jul 13, 2025

LPL Financial announced that advisors Charlie Narmi and Theresa Rynaski, CFP, have joined LPL’s employee advisor channel, Linsco by LPL Financial, to launch The Narmi Group Investment Management. They manage approximately $870 million in advisory, brokerage, and retirement plan assets and previously worked at Baird.

Procyon Acquiring $600 Million Firm Wooster Corthell Wealth

By Amit Chowdhry ● Jul 13, 2025

Procyon, an independent registered investment advisory firm, has acquired Wooster Corthell Wealth Management, a Connecticut-based firm managing about $600 million in client assets. This deal enhances Procyon’s northeastern presence and increases its total assets under management to around $8 billion.

Carson Group Onboards $608 Million Team Aveo Capital

By Amit Chowdhry ● Jul 13, 2025

Carson Group, a leading wealth advisory firm with more than $42 billion in assets under management, has decisively acquired Aveo Capital, a wealth advisory firm based in Englewood, Colorado, managing around $608 million in assets. Aveo Capital will be rebranded as a Carson Wealth location.

Datavant: Acquisition Of Aetion Completed

By Amit Chowdhry ● Jul 13, 2025

Datavant has completed its acquisition of Aetion, an innovator in real-world evidence (RWE) that assists in healthcare decision-making. Aetion is now part of Datavant’s Life Sciences division.

Ferrero To Buy Kellogg In $3.1 Billion Deal

By Amit Chowdhry ● Jul 10, 2025

Ferrero Group and WK Kellogg announced that they will finalize an agreement under which Ferrero will acquire WK Kellogg for $23 per share, totaling an enterprise value of $3.1 billion.

Credent Wealth Onboards $420 Million Michigan-Based Firm TFG Advisors

By Amit Chowdhry ● Jul 10, 2025

CX Institutional, a fee-only RIA in Indiana, acquired TFG Advisors, a Michigan-based firm with about $420 million in AUM. This marks Credent's second and third Michigan offices, bringing its total AUM close to $4 billion and reinforcing its Midwest presence.