Archives

Jabil Acquiring Mikros Technologies For Supporting Liquid Cooling Demand

By Amit Chowdhry ● Oct 7, 2024

Jabil - a global leader in design, manufacturing, and supply chain solutions - announced the successful acquisition of Mikros Technologies, a leader in the engineering and manufacturing of liquid cooling solutions for thermal management, which was completed on October 1.

Vista Outdoor Selling Revelyst To Strategic Value Partners For $1.125 Billion

By Amit Chowdhry ● Oct 7, 2024

Revelyst - a collective of maker brands that design and manufacture performance gear and precision technologies and a segment of Vista Outdoor and Strategic Value Partners (a global alternative investment firm with approximately $19 billion of assets under management) announced that they have entered into an agreement under which SVP-managed funds will acquire Revelyst in an all-cash transaction based on an enterprise value of $1.125 billion.

Halon Security: Investment Raised From Intera Partners

By Amit Chowdhry ● Oct 6, 2024

Intera Partners announced it has invested in Halon Security, a global leader in email infrastructure software based in Sweden. This new funding will enable Halon to accelerate its global expansion and continue leading innovation in carrier-grade email solutions.

Logic Tech Raises Strategic Funding From First Principles

By Amit Chowdhry ● Oct 6, 2024

First Principles Capital (FPC), an investment firm focused on partnering with founder-led businesses, announced a strategic investment into Logic Tech Corporation, a Canadian dental practice management software leader. And Logic Tech has been a driving force in the dental industry for over 30 years, with its innovative software solutions, including the Paradigm Clinical platform, trusted by over 1,000 practices across Canada.

Turnspire Capital Partners To Buy GHP Group

By Amit Chowdhry ● Oct 6, 2024

Turnspire Capital Partners announced that an affiliate has acquired GHP Group, a leading designer and supplier of consumer outdoor living and indoor heating products. Based in Niles, Illinois, GHP is a prominent leader in designing, sourcing, and supplying patio heaters, fireplaces, portable heating products, barbecue grills, and water dispensers under a portfolio of well-recognized brands, including Dyna-Glo, Bond, Pleasant Hearth, and Vitapur.

Kovitz Onboards $5.9 Billion Fort Pitt Capital Team

By Amit Chowdhry ● Oct 6, 2024

Focus Financial Partners—a leading partnership of fiduciary wealth management firms and related financial services firms—announced that it has entered into a definitive agreement under which Pittsburgh-based Focus partner Fort Pitt Capital Group will join fellow Focus firm Kovitz Investment Group Partners. This deal is expected to close in Q4 of 2024, subject to customary closing conditions.

Perigon Wealth Management Brings In 3 Key Hires

By Amit Chowdhry ● Oct 6, 2024

Perigon Wealth Management - a growing independent wealth management firm with offices across the country and about $8.2 billion in client assets as of June 30, 2024 - announced it brought in three key hires to support its continued expansion through organic growth and acquisitions.

ICE USA Acquires Robert G. Campbell & Associates

By Amit Chowdhry ● Oct 6, 2024

Godspeed Capital Management - a lower middle market Architecture, Engineering, & Consulting (AEC) and government services-focused private equity firm - announced the acquisition of Robert G. Campbell & Associates (RGC&A) by ICE USA, its transportation-focused engineering and consulting services and solutions platform holding company. The deal marks the second addition to Godspeed’s expanding ICE USA platform and deepens its surveying, civil engineering, and construction management capabilities for public works and transportation agency customers within the highly attractive Tennessee market.

LGT Capital: Crown Global Secondaries VI Fund Closed At Over $7 Billion

By Amit Chowdhry ● Oct 6, 2024

LGT Capital Partners announced it has completed the final closing of its flagship secondaries fund, Crown Global Secondaries VI (CGS VI), surpassing the original target size of $6 billion.

H.I.G. Capital: Acquisition Of SkinCure Oncology Completed

By Amit Chowdhry ● Oct 6, 2024

H.I.G. Capital - a leading global alternative investment firm with $65 billion of capital under management - announced that one of its affiliates has completed the acquisition of SkinCure Oncology Intermediate, a leading provider of image-guided superficial radiation therapy (IG-SRT) solutions.

LPL Onboards $2.1 Billion Noble Group Team

By Amit Chowdhry ● Oct 6, 2024

LPL Financial announced that the advisors at The Noble Group have joined LPL Financial’s broker-dealer, RIA, and custodial platforms. They reported having served about $2.1 billion in advisory, brokerage, and retirement plan assets and joined LPL from Raymond James.

Mercer Advisors Onboards $523 Million KWAG Team

By Amit Chowdhry ● Oct 6, 2024

Mercer Global Advisors, a national Registered Investment Adviser (RIA), announced the acquisition of Kiely Wealth Advisory Group (KWAG) of North Carolina.

Beacon Pointe Assets Under Advisement Nears $37 Billion Through Latest Acquisitions

By Amit Chowdhry ● Oct 6, 2024

Beacon Pointe Advisors has revealed its latest acquisitions of Bridge Advisory with offices in Pasadena, CA, and Newport Beach, CA, and Charleston Investment Advisors in Mt. Pleasant, SC. Bridge Advisory oversees approximately $460 million, and Charleston Investment Advisors manages $140 million in client assets. This brings Beacon Pointe’s total assets under advisement to just under $37 billion, resulting in four total RIA transactions in 2024 so far.

A.Y. Strauss: Robert E. Zimet Named As Litigation Group Partner

By Amit Chowdhry ● Oct 6, 2024

A.Y. Strauss announced that Robert E. Zimet has joined as a partner at the firm’s Litigation Group and will reside in New York.

Dechert: Anthony Lombardi Added As Fund Finance Partner In London

By Amit Chowdhry ● Oct 6, 2024

Dechert announced that Anthony Lombardi has joined the firm as a fund finance partner in London to help expand its fund leverage capacity across asset classes and bolster its presence in Europe. Lombardi specializes in banking, corporate, and contract law.

Dentons: Anne MacDonald Joins Public Policy Practice

By Amit Chowdhry ● Oct 6, 2024

Dentons announced that Anne MacDonald has joined the firm’s Public Policy practice as senior policy director based in the Dallas office. And MacDonald will utilize her experience in political risk management to provide strategic counsel to clients navigating complex geopolitical issues.

Hunton Andrews: Energy And Infrastructure Partner Kristian Bradshaw Joins The Firm

By Amit Chowdhry ● Oct 6, 2024

Kristian Bradshaw, an internationally recognized energy attorney who advises clients in Japan and worldwide on complex project developments and financings, announced it has joined Hunton Andrews Kurth LLP as a partner in Tokyo. And Bradshaw focuses his practice on energy, infrastructure, and the energy transition, emphasizing LNG, hydrogen and ammonia, clean fuels, solar, wind, geothermal, carbon capture and storage, and cleantech matters.

DLA Piper: Birgit Kraml Named As Partner

By Amit Chowdhry ● Oct 6, 2024

DLA Piper announced it is strengthening its real estate practice in Austria by appointing Dr. Birgit Kraml, LL.M., as partner and head of real estate at the firm’s Vienna office. This hiring marks another milestone for the firm as it continues to expand and establish a globally connected Real Estate Practice.

LPL: Rich Steinmeier Named As Interim CEO Following Termination Of Dan Arnold

By Amit Chowdhry ● Oct 6, 2024

LPL Financial announced that the Board of Directors has terminated the company’s President and Chief Executive Officer, Dan H. Arnold, effective immediately for violating LPL’s commitment to a respectful workplace. He has also resigned from the Board. The Board appointed Rich Steinmeier, currently the company’s Managing Director, Chief Growth Officer, as Interim CEO, also effective immediately.

Avarra: Enterprise Avatar Company Raises $8 Million (Seed)

By Amit Chowdhry ● Oct 6, 2024

Avarra announced an $8 million seed round of funding and the general availability of the industry's first fully interactive, AI-avatar-based enterprise application. Lightspeed Venture Partners led the funding round, which included participation from the GTM Fund, Firsthand Alliance, and industry leaders, including John W. Thompson.

Convergence: Personal AI Agent Company Raises $12 Million (Pre-Seed)

By Amit Chowdhry ● Oct 6, 2024

Convergence—a startup creating personal AI agents for everyone—announced it has raised $12 million in pre-seed funding led by Balderton Capital. Salesforce Ventures and Shopify Ventures also participated in the round. This funding round will be used to develop novel models that power Proxy assistants, going beyond the current generation of AI and focusing on enabling continual learning and skill acquisition through memory.

MrBeast Acquires Creator Hiring Platform Company Vouch

By Amit Chowdhry ● Oct 6, 2024

Vouch, a hiring platform for creators, announced an acquisition by MrBeast. Launched by four-time creator economy founder Marty Pesis, the company has created a network matching 35,000+ candidates with hundreds of jobs from top creators such as Yes Theory, Jesser, Stokes Twins, Safiya Nygaard, Danny Duncan, AMP, etc. MrBeast plans to use Vouch for supercharging internal hiring efforts before continuing to scale it externally.

StrataPT: Billing-Aware Practice Management Platform Company Raises $25 Million

By Amit Chowdhry ● Oct 6, 2024

StrataPT, a billing-aware practice management platform for outpatient therapy clinics, announced it raised $25 million in financing led by Council Capital. This funding round comes as StrataPT experiences substantial growth, led by demand for its SaaS-based platform, which combines Electronic Medical Records (EMR), Revenue Cycle Management (RCM), billing, and collections into a single solution that helps practitioners improve cash flow and focus on patient care.

WholeTrees Structures: $1 Million Investment Raised From U.S. Endowment For Forestry And Communities

By Amit Chowdhry ● Oct 6, 2024

WholeTrees Structures, a national leader and unrivaled expert in engineering unmilled timber for commercial construction, announced a $1 million investment from the U.S. Endowment for Forestry and Communities as part of the Endowment’s inaugural mission-related investment (MRI) program.

Qure.ai: $65 Million (Series D) Raised To Expand Into More Markets

By Amit Chowdhry ● Oct 4, 2024

Mumbai-based global healthcare AI company Qure.ai announced it raised a $65 million Series D funding round. This funding round will expedite expansion in the US market and other geographies, invest more in foundational AI models, and enable complementary med-tech company acquisitions.

Overjet: Interview With CEO Wardah Inam About The Dental AI Leader Company

By Amit Chowdhry ● Oct 4, 2024

Overjet is the world leader in dental AI. Pulse 2.0 interviewed Overjet CEO Wardah Inam to learn more about the company.

Pallet: Transportation And Warehouse Management System Company Raises $18 Million (Series A)

By Amit Chowdhry ● Oct 4, 2024

Pallet - a unified transportation and warehouse management system, today announced an $18 million Series A led by Bain Capital Ventures with participation from Bessemer Venture Partners and Activant Capital. And several angel investors also participated, including Zach Frankel, Toast founders Aman Narang and Steve Fredette, Dutchie CEO Tim Barash, Home Depot board member Manuel Kadre, and Cedar Capital partner John Curtius.

Augmodo: Inventory And Task Tracker Company Raises $5.3 Million (Seed)

By Amit Chowdhry ● Oct 4, 2024

Augmodo is a real-time inventory and task tracker that uses wearable SmartBadges for creating live 3D store maps.The company announced it has raised $5.3 million in seed funding.

TRAY: Cloud-Native POS Systems Company Raises Funding

By Amit Chowdhry ● Oct 4, 2024

TRAY, a leader in cloud-native enterprise-class POS systems, announced it has expanded its existing partnership with Alraedah Finance, a digital solutions provider based in the Kingdom of Saudi Arabia. Alraedah made a significant financial investment in TRAY, further empowering the technology provider to develop its cutting-edge POS system and support its Enterprise customers. Alraedah Digital Solutions, a division of Alraedah Finance, will provide additional resources and expertise in data analytics, product development, and third-party integrations.

Billables AI: Modern Professional Service Providers Platform Secures $3.9 Million (Seed)

By Amit Chowdhry ● Oct 4, 2024

Billables AI, an AI-based platform for professional service providers that streamlines operations with its flagship AI-powered timekeeping solution, announced it raised $3.9 million in seed funding led by Wing VC with participation from F7, SignalFire, Darkmode, Alumni Ventures, and a group of AI leaders and industry veterans like angel investors from Google, Stanford, SambaNova, and more.