Mergers & Acquisitions

Why Kodiak Gas Services Is Buying CSI Compressco LP For $854 Million

By Noah Long ● Dec 22, 2023

Kodiak Gas Services and CSI Compressco LP recently announced that they have executed a definitive merger agreement under which Kodiak will acquire CSI Compressco in an all-equity transaction valued at approximately $854 million, including the assumption of $619 million of net debt, based on the closing price of Kodiak's stock on December 18, 2023.

Why Aon Is Buying NFP For $13.4 Billion

By Amit Chowdhry ● Dec 21, 2023

Aon plc - a leading global professional services firm – recently announced the signing of a definitive agreement to acquire NFP, a leading middle market property and casualty broker, benefits consultant, wealth manager and retirement plan advisor, from funds affiliated with NFP's main capital sponsor Madison Dearborn Partners (MDP), and funds affiliated with HPS Investment Partners. Under the terms of the deal, Aon will acquire NFP for a total consideration estimated to be $13.4 billion at the time of close, funded by $7 billion of cash and $6.4 billion of Aon stock.

Why Accenture Is Buying Redkit And Vocatus

By Annie Baker ● Dec 21, 2023

Accenture recently announced it is buying Redkite and Vocatus. These are the details.

Why FirstService Is Buying Roofing Corp Of America

By Noah Long ● Dec 21, 2023

FirstService Corporation recently announced that it has acquired Roofing Corp of America, one of North America's largest commercial roofing enterprises. And the addition is highly complementary to FirstService’s existing portfolio of market-leading essential property services brands, adding to its property repair, maintenance, and restoration capabilities.

Why Masonite Is Buying PGT Innovations In A $3 Billion Deal

By Dan Anderson ● Dec 21, 2023

Masonite International (a leading global designer, manufacturer, marketer and distributor of interior and exterior doors and premium door systems) and PGT Innovations (a designer and manufacturer of patio door and premium window solutions, and recognized leader in technically advanced products for impact rated glass applications) recently announced a definitive agreement under which Masonite will acquire PGT Innovations for a combination of cash and Masonite shares with a total transaction value of $3 billion.

Nippon Steel Buying U.S. Steel For $14.9 Billion: Details

By Amit Chowdhry ● Dec 18, 2023

Nippon Steel (Japan’s largest steelmaker and one of the world’s leading steel manufacturers) and United States Steel Corporation (a leading steel producer with competitive advantages in low-cost iron ore, mini mill steelmaking, and best-in-class finishing capabilities) announced today that they have entered into a definitive agreement under which NSC will acquire U. S. Steel in an all-cash transaction at $55 per share, representing an equity value of approximately $14.1 billion plus the assumption of debt, for a total enterprise value of $14.9 billion.

Why Cognizant Is Buying Thirdera

By Annie Baker ● Dec 15, 2023

Cognizant recently announced it has entered into an agreement to acquire Broomfield, CO-based Thirdera, an Elite ServiceNow Partner specializing in advisory, implementation and optimization solutions related to the ServiceNow platform, with a strong focus on emerging enterprise workflow products.

TMX Group Buying Remaining Stake In VettaFi For $848 Million

By Amit Chowdhry ● Dec 15, 2023

TMX Group Limited recently announced it has agreed to acquire the remaining approximately 78% of the common units of VettaFi Holdings LLC, a leading US-based indexing, digital distribution, analytics, and thought leadership company, for US$848 million. This brings the total amount to be paid for full ownership to $1.03 billion - which includes the strategic investments TMX Group made in VettaFi in the first half of 2023 for approximately 22% of the common units.

Occidental Petroleum Buying CrownRock In $12 Billion Deal: Details

By Amit Chowdhry ● Dec 11, 2023

Today Occidental announced it entered into a purchase agreement to acquire Midland, Texas-based oil and gas producer CrownRock L.P., a joint venture of CrownQuest Operating LLC and Lime Rock Partners, for cash and stock in a transaction valued at approximately $12 billion, including the assumption of CrownRock’s debt.

Why AbbVie Is Buying Cerevel Therapeutics For $8.7 Billion

By Amit Chowdhry ● Dec 8, 2023

AbbVie and Cerevel Therapeutics announced a definitive agreement under which AbbVie will acquire Cerevel Therapeutics and its neuroscience pipeline of multiple clinical-stage and preclinical candidates with potential across several diseases, including schizophrenia, Parkinson's disease (PD), and mood disorders. These are the details.

Why Workleap Is Buying Pingboard

By Amit Chowdhry ● Dec 8, 2023

Workleap - a leading software company behind products that improve the employee experience for 20,000 companies in over 100 countries - recently announced it has acquired Pingboard, a US-based HR tech SaaS company with 2,000 customers globally recognized for its industry-leading Org Chart and Employee Directory capabilities.

Why Muse Group Is Buying Hal Leonard

By Amit Chowdhry ● Dec 5, 2023

Hal Leonard (the legendary sheet music and educational publisher) has joined digital leader Muse Group in a partnership set to revolutionize access to popular music and creator tools for musicians worldwide. And as makers of the world’s most popular online libraries, tools, and community spaces for audio creators, including MuseScore, Ultimate Guitar, and Audacity. This partnership further drives Muse Group’s position as an industry leader in music content and creation. Muse Group and Hal Leonard will retain their respective HQs in the USA and Cyprus, as well as distinct operational expertise.

Alaska Airlines Buying Hawaiian Airlines For About $1.9 Billion: Details

By Amit Chowdhry ● Dec 5, 2023

Alaska Air Group and Hawaiian Holdings recently announced that they have entered into a definitive agreement under which Alaska Airlines will acquire Hawaiian Airlines for $18 per share in cash, for a transaction value of approximately $1.9 billion, inclusive of $0.9 billion of Hawaiian Airlines net debt. This combined company will unlock more destinations for consumers and expand the choice of critical air service options and access throughout the Pacific region, Continental United States, and globally. The deal is expected to enable a stronger platform for growth and competition in the U.S., as well as long-term job opportunities for employees, continued investment in local communities, and environmental stewardship.

Why Roche Is Buying Carmot Therapeutics For Up To $3.1 Billion

By Amit Chowdhry ● Dec 4, 2023

Carmot Therapeutics - a clinical-stage biotechnology company dedicated to developing life-changing therapeutics for people living with metabolic diseases, including obesity and diabetes - recently announced that it has entered into a definitive merger agreement for Roche to acquire Carmot at a purchase price of $2.7 billion upfront and the potential for $400 million in milestone payments.

AbbVie To Buy ImmunoGen For $10.1 Billion: Details

By Amit Chowdhry ● Dec 1, 2023

AbbVie and ImmunoGen recently announced a definitive agreement under which AbbVie will acquire ImmunoGen, and its flagship cancer therapy ELAHERE (mirvetuximab soravtansine-gynx) - a first-in-class antibody-drug conjugate (ADC) approved for platinum-resistant ovarian cancer (PROC). This acquisition accelerates AbbVie's commercial and clinical presence in the solid tumor space. Plus, ImmunoGen's follow-on pipeline of promising next-generation ADCs further complements AbbVie's ADC platform and existing programs.

Why Cyara Is Buying AI Testing Company QBox

By Amit Chowdhry ● Nov 28, 2023

Cyara - the leading AI-powered Customer Experience (CX) Assurance Platform provider - announced today its acquisition of industry-leading conversational AI testing company QBox. This strategic deal significantly expands Cyara’s conversational AI testing capabilities, solidifying its position as a global market leader in chatbot optimization.

Why KKR Is Buying Potter Global Technologies

By Amit Chowdhry ● Nov 28, 2023

Leading global investment firm KKR recently announced that investment funds managed by KKR have acquired Potter Global Technologies, a leading fire and life safety equipment manufacturer, from Gryphon Investors. The financial terms were not disclosed.

Why UpLift Is Buying Minded

By Amit Chowdhry ● Nov 22, 2023

UpLift - a technology-driven behavioral health company delivering in-network therapy and psychiatry - recently announced that it has acquired Minded, an online psychiatry provider with specialized care for women. The deal expands UpLift's ability to deliver team-based therapy and psychiatry to all 50 states and provides a pathway to increase its rapidly growing network of patients and insurers.

Why SplitMetrics Is Buying App Radar

By Amit Chowdhry ● Nov 21, 2023

SplitMetrics - an American startup specializing in app growth solutions - recently announced it has acquired App Radar, an Austrian app marketing and analytics platform, in a seven-figure all-cash deal. This agreement creates the industry’s largest platform providing AI-powered services, including paid user acquisition (UA), app store optimization (ASO), conversion rate optimization, and data analytics.

Fidelity National Financial To Invest About $250 Million In F&G

By Amit Chowdhry ● Nov 16, 2023

Fidelity National Financial (FNF) recently announced its intent to invest approximately $250 million in F&G Annuities & Life, Inc. (F&G). FNF held approximately 85% ownership in F&G as of September 30, 2023.

Why Accenture Is Buying Innotec Security, The Shelby Group, And Solnet

By Amit Chowdhry ● Nov 16, 2023

Accenture recently announced that it is buying Innotec Security, The Shelby Group, and Solnet. These are the details.

Why HubSpot Is Buying B2B Intelligence Company Clearbit

By Amit Chowdhry ● Nov 13, 2023

HubSpot recently announced that it has entered into a definitive agreement to acquire Clearbit, a top B2B data provider, to help HubSpot customers grow with industry-leading customer intelligence.

Why Aktana Is Buying Tact.ai’s Field Engagement And Conversational AI Technology

By Amit Chowdhry ● Nov 4, 2023

Aktana - the leader in intelligent customer engagement for the global life sciences industry - recently announced the acquisition of Tact.ai’s field engagement and conversational AI technology.

SailPoint’s Osirium Acquisition Closed: Details

By Noah Long ● Nov 2, 2023

The UK subsidiary of SailPoint Technologies - a leader in enterprise identity security, recently completed its acquisition of Osirium, a UK-based security company dedicated to solving complex access needs. This deal will feed into the company’s vision to unify visibility, oversight, and protection across all types of access, both regular and highly sensitive, into one solution.

Performant Capital: Acquisition Of SquadUP Completed

By Dan Anderson ● Nov 2, 2023

Performant Capital - a Chicago-based private equity firm focused on investments in SaaS, software, and tech-enabled services companies - recently announced that it has acquired SquadUP, a leading ticketing, event management, and audience engagement platform for clients across a variety of verticals, including food & wine festivals, film festivals, and branded publications events.

Why WEX Is Buying Payzer

By Annie Baker ● Nov 2, 2023

WEX - a global commerce platform that simplifies the business of running a business - recently announced the signing of a definitive agreement to acquire Payzer, which is a high-growth and cloud-based field service management software provider.

Why UPS Is Buying Happy Returns

By Amit Chowdhry ● Nov 2, 2023

UPS recently announced that it has agreed to acquire Happy Returns from PayPal. Happy Returns is a U.S.-based software and reverse logistics company which enables frictionless, no-box, no-label returns for merchants and consumers.

Why Nayax Is Buying Retail Pro International For $36.5 Million

By Dan Anderson ● Nov 1, 2023

Nayax - a global commerce enablement payments and loyalty platform designed to help merchants scale their business - recently announced that it will acquire 100% of Retail Pro International, a global leader in retail Point of Sale (POS) software with Tier 1 global brand names worldwide. After the deal is closed, the deal will meaningfully expand the scope of Nayax’s retail business and solutions to over 9,000 retailers with approximately 150,000 POS lanes in more than 100 countries, including access to an extensive, worldwide partner ecosystem of more than 80 distributors.

Why Outdoor Living Supply Is Buying Apache Stone

By Noah Long ● Nov 1, 2023

Outdoor Living Supply (OLS) - a distribution platform for outdoor living products focusing on hardscapes - recently announced today that it has acquired Apache Stone, a wholly owned subsidiary of Halquist Stone Company. And Apache Stone is a full-service distributor of masonry, hardscape, and landscape supplies. This deal expands OLS’ footprint in the Southwest, adding three strategic locations in Nevada and Arizona.

Why Lumentum Is Buying Cloud Light For $750 Million

By Amit Chowdhry ● Nov 1, 2023

Lumentum Holdings and Cloud Light Technology Limited recently announced that they have entered into a definitive agreement under which Lumentum will acquire Cloud Light with a transaction value of approximately $750 million, subject to certain adjustments. At the time of closing, transaction consideration will be paid in cash, and the assumption and substitution of outstanding unvested Cloud Light options. The transaction has been unanimously approved by the Boards of Directors of both companies and by Cloud Light’s shareholders.