Mergers & Acquisitions

CrowdStrike Buying Flow Security: Details

By Amit Chowdhry ● Mar 7, 2024

CrowdStrike announced it is acquiring Flow Security, the industry’s first and only cloud data runtime security solution. And through this acquisition, CrowdStrike will enhance its modern cloud security with comprehensive real-time data protection spanning endpoint and cloud environments.

Keeney Financial Group Merging With Beacon Pointe Advisors

By Amit Chowdhry ● Mar 7, 2024

Beacon Pointe Advisors has announced its latest partnership with Keeney Financial Group. This is Beacon Pointe's first M&A deal in the mid-Atlantic region and in Maryland.

Why Accenture Is Buying Udacity

By Amit Chowdhry ● Mar 7, 2024

Accenture announced it has agreed to acquire Udacity, a digital education pioneer with deep expertise in developing and delivering proprietary technology courses that blend the flexibility of online learning with the benefits of human instruction. The terms of the deal were not undisclosed.

Why Cycode Is Acquiring Bearer

By Amit Chowdhry ● Mar 6, 2024

Cycode - a leader in Application Security Posture Management (ASPM) with the only complete approach to ASPM - announced the acquisition of Bearer (a modern AI-powered SAST, API discovery, and data leak protection that delivers all three solutions in one to help Cycode overachieve in its mission to deliver faster and safer code. This strategic deal aims to supercharge its complete ASPM with scanning speeds 31% faster than the competition. It utilizes AI for more contextual remediation and enhanced precision and offers an unparalleled developer experience for faster shipping.

Why Cadence Is Buying BETA CAE For About $1.24 Billion

By Amit Chowdhry ● Mar 6, 2024

Cadence Design Systems recently announced it has entered into a definitive agreement to acquire BETA CAE Systems International AG, which is a leading system analysis platform provider of multi-domain engineering simulation solutions. And the addition of BETA CAE’s proven technologies and talent will accelerate Cadence’s Intelligent System Design strategy by expanding its multiphysics system analysis portfolio and enabling entry into the structural analysis segment, unlocking a multi-billion-dollar incremental TAM opportunity.

Why Charlesbank Capital Partners Is Buying EverDriven Technologies

By Amit Chowdhry ● Mar 6, 2024

EverDriven Technologies (an alternative student transportation platform) announced that it has been acquired by Charlesbank Capital Partners, a middle-market private investment firm with offices based out of Boston and New York. And the company had been owned by affiliates of Palladium Equity Partners, LLC. The terms of the deal were undisclosed.

Why Cornerstone Advisors Is Buying Maple Street

By Amit Chowdhry ● Mar 6, 2024

Cornerstone Advisors - a leading management and technology consultancy for banks, credit unions, and fintech companies - announced it completed its acquisition of Maple Street, an established vendor management solutions service for banks and credit unions.

Why Haemonetics Is Buying Attune Medical

By Amit Chowdhry ● Mar 6, 2024

Haemonetics Corporation - a global medical technology company focused on delivering innovative medical products and solutions to drive better patient outcomes - announced that it has entered into a definitive agreement to acquire privately-held Chicago-based Attune Medical, the manufacturer of the ensoETM proactive esophageal cooling device - which is the only FDA-cleared temperature regulation device indicated for esophageal protection during radiofrequency (RF) cardiac ablation procedures.

Why TruArc Partners Is Buying Meyer Laboratory

By Amit Chowdhry ● Mar 6, 2024

TruArc Partners (a private equity firm focused on the middle-market) announced that it has acquired Meyer Laboratory from its owners Russell Meyer and William “Rusty” Meyer. Launched in 1978, Meyer Lab is a manufacturer and distributor of industrial and institutional (I&I) cleaning chemicals and applications systems.

Joby Buying Facility In Ohio: Details

By Amit Chowdhry ● Mar 6, 2024

Joby Aviation - a company developing electric air taxis for commercial passenger service - announced it has acquired an existing facility at Dayton International Airport and started hiring in support of the company’s initial manufacturing operations in Dayton, Ohio.

Why JPMorgan’s Neovest Is Buying LayerOne Financial

By Amit Chowdhry ● Mar 6, 2024

Neovest announced that it has completed the acquisition of LayerOne Financial, a leading investment management platform. And LayerOne Financial is the creator of PortfolioOne, a comprehensive, cross-asset platform designed to address the current, real-world operational challenges facing hedge funds of many sizes and styles.

AmaWaterways Raises Significant Investment From L Catterton

By Amit Chowdhry ● Mar 5, 2024

L Catterton (a leading global investment firm) announced that it has entered into a definitive agreement to acquire a significant stake in AmaWaterways (an international, award-winning luxury river cruise line) from a consortium of investors led by Certares. L Catterton joins founders Rudi Schreiner, Kristin Karst, and the Murphy family—all of whom remain committed to supporting the company's long-term growth and innovation in the river cruising industry and will continue to have meaningful ownership in the company.

Why United Rentals Is Buying Yak Access for $1.1 Billion

By Amit Chowdhry ● Mar 5, 2024

United Rentals announced that it has entered into a definitive agreement to acquire Yak Access, LLC, Yak Mat, LLC and New South Access & Environmental Solutions, LLC (collectively Yak) from Platinum Equity for about $1.1 billion in cash. The deal is expected to close in the first quarter of 2024, subject to limited contractual conditions.

Why WindRose Health Investors Is Buying CardioOne

By Amit Chowdhry ● Mar 5, 2024

WindRose Health Investors - a New York-based healthcare private equity firm - announced it has completed the acquisition of CardioOne, a physician enablement company built specifically to serve independent cardiologists. And CardioOne enables cardiologists to thrive today while preparing them for the future of value-based care.

Why Stengel Hill Architecture Is Buying Smith Consulting Architects

By Amit Chowdhry ● Mar 5, 2024

Godspeed Capital Management LP — a lower middle market Defense & Government services, solutions, and technology-focused private equity firm — announced the acquisition of Smith Consulting Architects (SCA) by its architectural, engineering, and consulting (AEC) services platform, Stengel Hill Architecture (SHA).

Why Accenture Is Buying The Lumery

By Amit Chowdhry ● Mar 5, 2024

Accenture announced it has acquired The Lumery, which is a Melbourne-based marketing technology (martech) consultancy that helps leading organizations deliver seamless customer experiences and transform their marketing services. And the acquisition will strengthen the marketing transformation capabilities of Accenture Song — which is the firm’s tech-powered creative group — and add significant depth to its offerings in Australia, such as personalization, CRM and loyalty, testing and experimentation and automation.

Why Mercer Advisors Is Buying MDK Private Wealth Management

By Amit Chowdhry ● Mar 5, 2024

Mercer Global Advisors - a national Registered Investment Adviser (RIA) - announced the acquisition of MDK Private Wealth Management. And MDK is a comprehensive wealth management firm located in Seattle, Washington. MDK, founded in 2020 by co-founders Paul Meyer, Jaimi Dennehy, and Chris Kalafatis and complemented by a highly qualified team of professionals, serves its Ultra High Net Worth (UHNW) clientele with assets under supervision of over $2.5 billion.