August 2021

Happy August which is also National Black Business, Family Fun, International Peace, National Water Quality, National Wellness and National Dog Month (for those of you who have met RFC mascot’s Bear and Daisy!

Growing worries about the Delta variant disrupted markets, potential inflation, resistant multiples and talk of increased capital gains tax rates may entice sellers who were once on the fence to sell.

Following are a number of resources to help you in your pursuit of an acquisition. Contact us if and when we can be of help. In the meantime, please find a selection of resources below to support your efforts. 

INTERESTING

• Warren Buffett & Charlie Munger: How to Invest For Beginners

• Michael Rees: how a private equity chief turned the tables on his peers

• Investor Taxes and Cap Gains by Aswath Damodaran

• How top CFOs are incorporating tech into their roles

• Americans Moved During the Pandemic. Here’s Where They Went

• Are employees more innovative while working in an office environment?

• Why the war for talent is demanding more flexibility by C-Suite Advisory

• Signing Bonuses, Airbnb Rentals: How Startups Are Competing For Talent

• Employers offering voluntary benefits such as pet insurance and pet-

• Gympass allows employees to choose from various health options (gyms, mindfulness apps)

• The House Hype: when home became the only destination

REMOTE WORK v IN OFFICE

• What Mix of WFH and Office Time Is Right for You?

• Time management with the "Rule of 4" (hours per day)

• Resist Old Routines When Returning to the Office

• Combating Burnout as a Single Working Parent

• For working mothers, the struggle is very, very real by McK

• Work meetings have gotten shorter, but increased in volume!

LEADERSHIP AMONG REMOTE TEAMS

• Soft skills, strong impacts

• How to Hire Someone You’ve Never Met in Person

• Six Important Ways to Spark Employee Engagement

• McKs 3 Goals x 3 Months x 3 People approach

IDEAS

• Density Acquires Nashi, A Desk- And Space-Reservation Solution To Better Enable Hybrid Workplaces

• Firstbase. Remote Infrastructure For Global Teams

M&A, PRIVATE EQUITY & INDUSTRY UPDATES

AEROSPACE & DEFENSE

• Alaska Airlines pioneers AI to plan flight routes, saving fuel and time

• How the FAA keeps airplanes and rockets apart

• Platinum Equity To Acquire Supply Chain Provider Unical Aviation

• Plz Aeroscience Acquires 220 Personal Care Laboratories

• Volatus Aerospace Acquires Connexicore, A Drone Services Business

AGRICULTURE & FOOD

• How Central America crop dusting drone startup developed through protest and gang threats

• Farm Tech investing is accelerating faster than Food Tech and general VC 

• Can food systems really get to ‘net zero?’ 

• Former Hermès CEO backs alternative leathers

• What growing avocados in Sicily tells us about climate change & the future of food 

• Soylent, once the beverage of tech bros, finds a new audience

• Don’t blame business for cultivated meat’s cell line shortage 

• What’s ahead for the dairy industry by McK

• Energy drinks and relaxation elixirs and sleep aids are growing

• Ampex Brands acquired Au Bon Pain

• Audacious Acquires Loos, A Shot Beverage And Edibles Company

• Clearlake To Acquire Bakemark, A Manufacturer And Distributor Of Bakery Ingredients, Products, And Supplies

• CNH To Acquire Agriculture Firm Raven For $2B

• Comer Industries acquired Walterscheid Powertrain Group

• Food Safety Net Services acquired Certified Laboratories, Inc.

• Goodness Growth Holdings To Acquire Charm City Medicus Dispensary

• Gopuff acquired Bandit

• GrubMarket acquired Pacific Farm Management

• HelloFresh acquired Youfoodz for $93MM

• Icanic acquired De Krown Enterprises

• Kerry Group To Acquire Preservatives Maker Niacet For $1B

• kiaro acquired Cozy Cannabis for $1.35MM

• Next Frontier Brands Acquires Snow Leopard Vodka

• Philip Morris To Acquire Nicotine Gum Maker Fertin Pharma

• Richardson International acquired Italgrani USA

• Sundial Growers acquired Spiritleaf Retail

• Sycamore Partners acquired Ste. Michelle Wine Estates for $1B

• Verano Holdings acquired Sierra Well for $29MM

• Warburg Pincus acquired FlexXray

• You Garden acquired Gardening Direct

AUTOMOTIVE

• The changing gas station by McK

• Insurance Auto Auctions - IAA acquired Auto Exchange

• Plz Aeroscience Acquires Champion Brands, Provider Of Full-Service Automotive Capabilities

• Solera To Acquire Endata, Provider Of Risk And Asset Management Solutions For Insurance And Automotive

• Turntide Technologies Acquires Electric Vehicle Component Developer Avid Technology

B2B

• HR tech funding up to $3.6B

• Addison Group acquired ArcLight Consulting

• Apex acquired The William Fall Group

• Ascensus To Acquire Unifyhr, A Employee Benefits Administration And Compliance Company

• Banyan Software acquired Next Chapter Technology

• Bolton acquired RSC Advisory Group

• BPM acquired Gumbiner Savett

• Broadridge acquired Jordan and Jordan (Execution Compliance and Surveillance Service Assets)

• CARMA acquired Priority Submetering Solutions

• Circa acquired DiversityJobs

• Copado Acquires Qentinel, An AI Testing Company

• Eliassen Group acquired Rooster Park Consulting

• Elysian Capital LLP acquired Eton Bridge Partners

• Empirical Consulting Solutions Acquires Opx Partners

• Express Wash Concepts acquired CleanTown USA

• Fruition Acquires Ddev, A MSP

• Geodis acquired Velocity Transport

• H.I.G. Capital acquired Oxford Global Resources for $525MM

• Hilco Global Acquires Getzler Henrich, A Corporate Turnaround And Restructuring Advisory Firm

• Jones Sign Acquires National Mallfront And Design

• Learning Technologies Group acquired GP Strategies for $394MM

• Milestone Technologies acquired SMCI

• Novatech Acquires Pahoda Image Products, A Xerox Dealer

• Penguin Strategies Acquires Amarok, A Salesforce Reseller And Integrator

• Reliance Retail To Acquire Just Dial For $469Mm

• Signature Action Packaging acquired Chromatic

• Stonepeak Infrastructure Partners acquired Lumen Technologies LATAM business for $2B

• Wazoku acquired InnoCentive for $1.7MM

BUSINESS & MANAGEMENT CONSULTING

• Accenture acquired CS Technology

• Accenture acquired HRC Retail Advisory

• Blackstone Group acquired Certified Collectibles Group

• DCCM acquired R. G. Miller Engineers, Inc.

• EVERSANA acquired Patient Access Solutions

• EVERSANA acquired Podium Strategic Partners

• Health Management Associates Acquires Edrington Health Consulting

• HUB International acquired Risk Point Consulting

• L2 Capital Partners acquired Ecotone, Inc.

• LMI acquired Suntiva LLC

• Medly Pharmacy To Acquire Pharmaca

CONSUMER

• As barbershops boom, Squire Technologies draws a $750MM valuation

• Acosta Acquires Impact Group

• Arcline Investment Management acquired Air Comm for $250MM

• Brookfield Business Partners To Acquire Dexko Global For $3.4B

• Clearlake Capital Group acquired Springs Window Fashions

• Daizee Baby acquired DelicaWash

• FMS Solutions acquired GOT Systems

• Platinum Equity To Acquire Oregon Tool

• WellBiz Brands, Inc acquired LunchboxWax

EDUCATION

• Billions will go to repair the effects of COVID on education

• Edtech IPOs shifting to US companies

• Administration calls for ‘renewed commitment’ to international education

• Colleges ease up on pushing undergrads to pick majors quickly

• LatinX college enrollment declines during pandemic, reversing course

• Student debt and entrepreneurship and its impact on the US economy

• Ampere Computing acquired OnSpecta

• Blackstone To Acquire Simplilearn for $250MM

• BYJU acquired Epic for $500MM

• CCL Industries acquired Plum Paper for $26MM

• DreamBox Learning acquired Eyeread

• DreamBox Learning acquired Reading Plus

• EOS Worldwide acquired Rocket Fuel University

• finalsite acquired SchoolPointe

• Instructure To Acquire Eesysoft, Rovider Of Services To Help Educators And Students Improve Adopt Educational Technology

• Kohlberg Kravis Roberts acquired Teaching Strategies LLC

• Ready Education Acquires Collabco & Stucomm To Drive Student Engagement

• Scientific Games To Acquire Sciplay

• Software Improvement Group Sig Acquires Exin, Provider Of Certifications For IT Professionals

• SSB acquired ALUMiNate

• Team17 Software acquired Touch Press for $49MM

• TrueFire Studios acquired ArtistWorks

• Vector Solutions acquired EVERFI higher education business for $100MM

• Weld North Education acquired Twig Education

• Wize acquired EssayJack

• yello acquired WayUp

ENERGY

• Offshore wind will power Japan’s biggest green hydrogen plant as Japan aims for 40% renewable power by 2030

• The UK will forge ahead with its flagship nuclear project without funding from the state-owned China General Nuclear Power Corp

• The batteries that will power our green recovery

• Lithium-ion batteries currently cost between $50 to $80 per KwH

• Allied Industrial Partners Acquires Cat Entertainment Services

• ALLY Energy acquired Clean Energy Social

• Dunes Point Capital LLC acquired Thermaxx Jackets

• Enel Green Power Acquires 3.2 Gw Solar Development Portfolio

• EOS Worldwide Acquires Rocket Fuel

• EQT acquired Covanta for $5300MM

• EQT To Acquire Cypress Creek Renewables, A Integrated Renewable Energy Platform

• FactSet acquired BTU Analytics

• Hull Street Energy Acquires Foundation Solar Partners

• Hydroland Acquires Hydroelectric Facilities

• Irisndt Acquires Altura Wind Services

• K-Solv Group Acquires Energy Completion Services

• Kinder Morgan acquired Kinetrex Energy for $310MM

• Patterson Uti Energy To Acquire Pioneer Energy Services

• PLZ Aeroscience acquired Champion Brands

• QIC acquired CenTrio Energy

• Ravago Acquires Advanced Recycling Company Alterra Energy

• Royal Dutch Shell acquired Inspire Energy Capital

• Shell Oil Company acquired Inspire

• State Street acquired Mercatus

• Superior Plus acquired Kamps Propane for $240MM

• Superior Plus acquired Williams Energy Group

• Tourmaline Oil To Acquire Black Swan Energy For C$1.1B

• Vista Equity Partners acquired Power Factors

• WildFire Energy acquired Hawkwood Energy for $650MM

• Wood Mackenzie Acquires Energy Transition Consultancy Roskill

ENGINEERING & SCIENTIFIC SERVICES

• BDP Acquires Architecture Firm Pattern

• CenterOak Partners acquired HK Solutions Group

• ChampionX acquired Scientific Aviation

• Congruex Acquires Mabeck And Viking Corp, Provider Of Design, Engineering, Construction, And Maintenance Services To Broadband Providers

• GPI acquired Horizon Engineering Group

• Incline Equity Partners acquired Edko

• Pye-Barker Fire & Safety acquired Rapid Fire Protection Group

• Reedy Industries acquired Capstone Mechanical

• Sandvik acquired Cambrio

• Sweeping Corporation of America acquired B&D Enterprises

• Sweeping Corporation of America acquired Metro Sweeping Service

• Titan Cloud Software Acquires Canary Compliance

• TROY Products acquired Prisoner Transport Systems

ENVIRONMENT & RELATED

• SEC to examine investment firms' climate change practices

• Despite a record number of corporate climate pledges, 9,300 of them are still on course to exceed their “carbon budgets” within the next six years

• Lulu is experimenting with fabric made from recycled carbon emissions

• 2050 climate promises are close than they appear

• A. O. Smith acquired Master Water Conditioning

• CrescoNet acquired Smart Earth Technologies

• MAX Environmental Technologies acquired LEI

• Platinum Equity To Acquire Solenis, A Water Treatment Company For $5.25B

• Primo Water Corporation acquired Earth2o

FINANCE & INSURANCE

• Leveraged loan investors start warming to technology

• Leveraged loans could end its reliance on Libor and shift to SOFR

• InsurTech innovations from auto to pet policies

• More money in VC, but still minimal diversity

• Gen Z & Millennials get their own investment platform

• JPMorgan opens crypto trading to all wealth clients

• NFTs and what it means to actually own a digital kitty

• Affiliated Managers Group acquired Parnassus Investments

• Allworth Financial acquired Giordano Wealth Management Group

• AmeriLife acquired Saybrus Partners, and Your Family Bank

• Amynta Group Acquires Scion Underwriting Services

• Angel Oak Companies acquired Covience

• Applied Underwriters acquired Generali U.S. Branch

• Arthur J. Gallagher & Co. Acquires Edelweiss Gallagher Insurance Brokers Limited and Stellar Benefits Group

• Aspida acquired Global Bankers Insurance Group

• Athene To Acquire Foundation Home Loans

• Banco Santander acquired Amherst Pierpont for $600MM

• BankIowa acquired Rowley Savings Bank

• Bill.com acquired Invoice2go for $625MM

• BNY Mellon acquired Milestone Group

• Cantor Fitzgerald acquired Smith Group Asset Management

• CAPTRUST acquired Nachman Norwood & Parrott

• Citizens Bank acquired Investors Bancorp for $3B

• Coinshares To Acquire Global Blockchain Equity Index

• Community Bank System acquired Fringe Benefits Design

• Confie acquired Asap Insurance

• Crown Capital Investments Acquires Ameriworld Enterprises

• Dakota Wealth Management To Acquire Persimmon Capital Management

• Del Toro Loan Servicing acquired Evergreen Note Servicing

• Demand Science acquired Airborneapp

• EQ works acquired Paymi for $2.5MM

• EverQuote acquired Policy Fuel

• F.N.B. Corp. acquired Howard Bank for $418MM

• Fidelity Deposit and Discount Bank acquired Landmark Bancorp

• Financial Information Technologies (Fintech) acquired Stx Business Solution

• FirstBank acquired The Bank of Fincastle

• FORT Capital Resources acquired Malartu

• Fusion NFT Company Coinllectibles To Acquire Talk, A Blockchain Instant Messaging App

• Genstar Capital To Acquire Foreside Financial Group

• Glantus acquired Technology Insight for $9.3MM

• Global Excel Management Inc. acquired Hines & Associates

• Great West acquired Prudential’s Retirement Business for $3B

• Hardinge To Acquire J.G. Weisser

• HighTower Advisors acquired Farr Miller & Washington

• Hilb Group Acquires Harvey Insurance Agency, Keith Ghaphery Agency, Mayo Agency, Williamsburg Agency, Ronnie Shriner Agency, Ryan Harris Agency, First Florida, Pete Webb Agency, and Ward Insurance Agency

• Hyland Insurance acquired Borden Insurance Agency

• Lakeland Bank acquired 1st Constitution Bank for $244MM

• Liberty Mutual Insurance To Acquire State Auto Group

• Mariner Wealth Advisors acquired AdvicePeriod, Allegiant Private Advisors, and Channel Islands Group

• Oak Hill Capital Acquire Trinity Consultants

• Obsidian acquired Western Home

• Ocean Tomo Acquires Veris Consulting

• Payroc acquired ACHeck21

• Pendal Group acquired TSW Invest

• Prog Holdings acquired Four

• Quext acquired Viva Equity

• South State Bank acquired Atlantic Capital Bank for $542MM

• Spencer Savings Bank acquired Mariner's Bank

• StepStone Group acquired Greenspring Associates for $725MM

• Sun Capital Partners acquired LoanLogics

• Tectonic Financial acquired Integra Funding Solutions, LLC

• Tectonic Financial Has Acquired Integra Funding Solutions

• The Canada Life Assurance Company acquired ClaimSecure

• Thunes Acquires Limonetik, Provider Of Payment Collection Services

• United Community Banks acquired Reliant Bank for $517MM

• US Bank acquired PFM Asset Management

• Vanguard acquired Just Invest

• Ventas To Acquire New Senior Investment For $2.3B

• Visa To Acquire European Open Banking Platform Tink For $2.15B

• Wealth Enhancement Group acquired Fitzgerald Wealth Management for $513MM

• World Insurance Associates acquired McCue Captains Agency

• Yes Lender Acquires Edge Funder, An Ai-Powered Funding Portal For Small Businesses

FRANCHISE

• Buying a Franchise by Jim Stein Sharpe

• Fat Brands To Acquire Global Franchise Group

• Kohlberg Kravis Roberts acquired Neighborly Brands

• Propelled Brands Acquires Suite Management Franchising

• Unleashed Brands acquired Snapology

GOVERNMENT, CIVIC & SOCIAL ORGANIZATIONS

• EVERSANA acquired Advocacy Solutions

• Health Management Associates Acquires The Moran Company

• Resource Recovery Alliance To Acquire Canadian Stewardship Services Alliance

• Secretariat Acquires Economists Inc, An Economics Consulting Firm

• Universal Group acquired Beacon Lite

• Versaterm acquired SPIDR Tech

HEALTH CARE

• Telehealth and Virtual Visits Decline

• Behavioral, Mental Health and Addiction Treatment M&A Update

• Designing less addictive opioids

• Biotech IPOs earned over $89B this year as mRNA therapies advance

• WHO recommends the first public health human genome editing tool

• VC funding for health chatbots rose to $800MM

• Accelus acquired Fusion Robotics

• Achieve Partners acquired Optimum Healthcare IT

• Albany Molecular Research acquired LakePharma

• American Academy of Anti-Aging Medicine acquired BodySite.com

• Amgen acquired TeneoBio for $2500MM

• Amwell acquired Conversa Health for $160MM

• Amwell acquired SilverCloud Health for $160MM

• Apollo To Acquire Access Primary Care Medical Group

• Ares Management acquired Resource Label Group

• Becton Dickinson acquired Tepha and Velano Vascular

• Big Acquires Dora Wirth Languages A Life Sciences Company

• Biomatrix Specialty Pharmacy Acquires Infucare Home Infusion Pharmacy

• BioNTech acquired Kite - TCR therapy

• Cano Health Acquires Doctor's Medical Center For $300Mm

• CD&R LLP acquired Vera Whole Health for $400MM

• Choice Health at Home acquired Alpha Home Health and Hospice

• Concerted Care Group acquired Kolmac Clinic

• CorEvitas acquired Vestrum Health

• CorroHealth acquired Medical Savant

• DCN Dx Acquires Ivd Vision, A Developer Of Diagnostics Instruments And Software

• Eli Lilly acquired Protomer Technologies for $1000MM

• EQT acquired Clinical Research Firm PAREXEL For $8.5B

• EverCommerce acquired MDTech, Electronic Charge Capture Solution

• EVERSANA acquired Accelera Canada

• Everside Health Acquires Direct Primary Care Provider R Health

• Evio To Acquire Edge Pharms

• Gemspring Acquires Zavation Medical Products

• Genetic Technologies acquired EasyDNA for $4MM

• Gredale Acquires Maskco Technologies

• Help At Home Acquires Community Care Systems

• Hyperice acquired Core

• Huntsworths Medistrava Acquires Medical Analytics Firm Medevoke

• Intelerad Medical Systems acquired Heart Imaging Technologies

• International Isotopes Acquired Radqual

• LaurelCrest Partners acquired Oral Design

• Levitee Labs acquired BlockMD

• LEXEO Therapeutics acquired Stelios Therapeutics

• LHC Group acquired Ashley County Medical Center Home Health

• LHC Group acquired Cavalier Home Healthcare

• Maitri Health Technologies acquired Bloom Health Partners

• Meridian Bioscience acquired BreathTek for $20MM

• Mission Healthcare acquired Sun Tree Hospice

• Mission Healthcare acquired Tender Care Hospice

• Mission Healthcare Acquires Healthy Living Network

• ModivCare acquired Care Finders Total Care for $340MM

• Mombox Acquires Wellnested, Provider Of Postnatal Care Services To Support New Moms

• Nanalysis acquired One Moon Scientific for $0.625MM

• Nephros acquired GenArraytion for $1.2MM

• Novo Nordisk To Acquire Prothena's Heart Drug For $1.2B

• Numinus Wellness To Acquire Neurology Centre Of Toronto, Plans To Create Centre For Psychedelic Neurology

• Numotion Acquires SpinLife, Provider Of Independence And Mobility Solutions

• Nutraceutical R&D Firm Invetek Acquired By Private Equity Group

• Omnicell acquired FDS for $177MM

• Onsite Dental acquired HENRY The Dentist

• Pacific Biosciences acquired Omniome for $800MM

• Partners Group Acquires Generics Drugmaker Pharmathen

• PathAI acquired Poplar Healthcare

• Perkinelmer To Acquire Antibodies Maker Biolegend For About $5.3B

• Pharmavite Acquires Urinary Health Brand Uqora

• Premier Research Acquires Specialty Women's Health And Diagnostics Cro, Health Decisions

• ProSites acquired LifeLearn

• RAYUS Radiology acquired Foundation Radiology

• RAYUS Radiology Acquires Inhealth Imaging

• Riverside Oral Surgery Acquires Edison Clark Oral Surgery Associates

• Riverside Oral Surgery Acquires Raritan Valley Oral Surgery

• Ro Acquires Kit, Provider Of At Home Diagnostics And Preventative Care Capabilities

• Safeguard Medical Acquires Made In America Splint Line

• Safeguard Medical Acquires Persys Medical, Provider Of Medical Equipment And Services To First Responders

• Sapphiros acquired Biocrucible

• SigmaTron International acquired WAGZ

• St. Croix Hospice acquired CNS Hospice

• Star Acquires Pro4People, A Medtech Development And Regulatory Consulting Firm

• StratiFi Health acquired MediBookr

• Summa Equity acquired Axion BioSystems

• The Jordan Company acquired Dental365 for $440MM

• Think Research acquired BioPharma Services for $44.6MM

• U.S. Pharmacopeial Convention (The United States Pharmacopeial Convention) acquired Pharmatech Associates

• Uro Medical acquired Micron Medical

• Valo Health acquired Courier Therapeutics

• Vireo Health acquired Charm City Medicus for $8MM

• Waystar acquired Patientco

• Wcg Acquires Intrinsic Imaging, A Medical Imaging Core Lab

• Webmd Acquires The Wellness Network, Provider Of Point-Of-Care Services To Health Systems And Hospitals

• WeSana Health acquired PsyTech for $16.8MM

• Wondr health acquired eMindful

• XIFIN acquired Computerized Management Services

• Zebra Technologies acquired Fetch Robotics for $290MM

HOSPITALITY, TRAVEL & TOURISM

• Fast-casual and managed cafeteria market is worth nearly $100B a year

• Seventy percent (70%) of restaurant sales are online or over the phone

• Battle Investment Group acquired Turbopower

• Bit Brother To Acquire Angelos Pizza 1697

• Bruin Sports Capital acquired Full Swing Golf

• Cinven acquired Restaurant Brands Iberia

• Island Capital acquired The Lexington Hotel, Autograph Collection

• Redwood Capital Group LLC acquired Adley City Springs

• RV LIFE acquired RV Masterclass

• Spb Hospitality To Acquire J. Alexander'S Holdings

• Suja Life Is Acquired By Paine Schwartz Partners 

INDUSTRIALS & MANUFACTURING

• 48forty acquired Oregon Pallet

• Abracon Acquires Proant Ab And Proant Asia Limited

• Accelus acquired Integrity Implants

• AEA Investors acquired Polygon

• Akrochem Acquires Bech Chem, Provider Of Paint And Coatings

• Albany Molecular Research acquired Integrity Bio

• Ali Group acquired Welbilt for $3500MM

• Arcline Investment Management acquired Dwyer Instruments

• ASK Chemicals acquired SI Group - Industrial Resin

• Athena Technology Acquisition Corp. acquired Heliogen

• Audax Private Equity acquired solve industrial motion group

• Axalta To Acquire U-Pol, A Paint, Protective Coatings, And Accessories Manufacturer For The Automotive Aftermarket

• AYR Wellness acquired NV Green

• AYR Wellness acquired Tahoe Hydro for $17MM

• BayoTech acquired IGX Group, Inc.

• BFG Supply acquired DeCloet Greenhouse Manufacturing

• BlueHalo acquired DDES

• Bonne Sant Group acquired Doctors Scientific Organica

• Boyd Corporation acquired GM Nameplate

• Boyne Capital Partners acquired Masters Building Products

• Brunswick To Acquire Marine Electronics Maker Navico For $1.05B

• Chart Industries acquired L.A. Turbine for $80MM

• Coapt Acquires Liberating Technologies

• Cobham To Acquire Ultra Electronics

• Colony Display acquired Braeside Displays

• COMSovereign acquired RF Engineering & Energy Resource for $2.75MM

• CPS Capital acquired PharmaSmart International

• Dexko Global To Acquire Brink International

• Digi International acquired Ctek

• Essentium To Acquire Collider, Provider Of Dlp 3D Printing Technology

• EVgo acquired Recargo for $25MM

• Generac Power Systems acquired Chilicon Power

• Graycliff Partners acquired Gold Tech Industries

• Halo Technology Group acquired Solid Optics

• HEPACO acquired Environmental Management Alternatives

• ILC Dover acquired Flexan Corporation

• Intelto Acquire Globalfoundries

• J.D. Power and Associates acquired Superior Integrated Solutions

• Kanabo acquired Materia

• Lone Star Funds acquired AOC for $2400MM

• Luminar Acquires One Of Its Chip Suppliers To Bolster Self-Driving Car Sensor

• Magna Acquires Veoneer Buy To Drive Car Safety Business

• Maverick Aviation Group acquired Bristow

• Micross Components Acquires Semi Dice

• Mister Car Wash Acquires Super Suds Car Wash

• New Mountain Capital acquired Ascensus Specialties

• Nexgen Packaging acquired Ditto

• Novacap acquired Multy Home

• Novanta acquired ATI Industrial Automation for $172MM

• Novanta acquired Schneider Electri Motion for $115MM

• Novolex acquired Flexo Converters USA, Inc.

• Nucor Corporation acquired Hannibal Industries for $370MM

• Omega Optical acquired Spectral Systems

• Parata Systems acquired Synergy Medical Synmedrx

• Partners Group acquired Reedy Industries

• Pen Company Of America Acquires Garland Writing Instruments And Ben-Art Manufacturing

• Platinum Equity Acquires Flooring Distributor Paramount Global Surfaces

• Power Technologies acquired Anywhere Cart

• Prototek acquired Midwest Prototyping

• Rbc Bearings To Acquire ABB's Transmission Unit

• Red Cat Holdings To Acquire Teal Drones

• Reedy Industries Acquires Capstone Mechanical

• Servicemax Acquires Liquidframeworks, Provider Of Management Solutions In Energy

• Shield AI acquired MartinUAV

• Soteria Battery Innovation Group Acquires Elegus Technologies' Solution

• South Central acquired Fibertech

• Steele Auto Group acquired All EV Canada

• Summa Acquires G-Con Manufacturing, Provider Of Cleanroom Solutions

• Swedencare acquired Vetio for $181MM

• The Eastwood Company acquired Yost Vises

• The Marwin Company acquired Millwork 360

• Titomic Limited acquired Tri-D Dynamics

• Turn Key Installation acquired J&J Electrical Services

• Turnspire Capital Partners To Acquire The Daniel Measurement And Control Business Of Emerson Electric

• Universal Group acquired Signbec

• Volkswagen To Acquire Europcar

• WestBridge Capital acquired Seam Seal

• Winnebago Industries acquired Barletta Boats for $320MM

LEGAL & RELATED

• Cresset Asset Management acquired Asset Management Advisors

• Frontline Managed Services acquired InvoicePrep

MARKETING & ADVERTISING

• Ad tech’s revival: boom or bubble?

• Abstrakt Marketing Group acquired Sapper Consulting

• Avery Dennison acquired Vestcom International for $1450MM

• Baldwin & Obenauf, Inc. acquired Garfield Group

• Cartcom Acquires Digital Consultancy Dumont Project

• Centerfield Acquires Datalot, A Digital Marketing Solution For Insurance Industry

• Chimney Vigor Group Acquires Tonik Powering. A Full Service Content Company

• CSG International acquired Kitewheel

• Emailable Acquired Datavalidation, An Email Verification Provider

• Finn Partners acquired Agency Ten22

• Finn Partners Acquires Barokas Communications

• Fobi acquired Qples

• Hopin acquired Attendify

• Magnite acquired Springserve for $31MM

• MediaJel acquired Foottraffik

• Mediaocean acquired Flashtalking for $500MM

• Momentum acquired IT Services Marketing Association

• Namogoo Acquires Remarkety, A Digital Journey Continuity Platform

• Nielsen acquired TVTY

• OC acquired Zero Degrees West

• Outfront Media acquired Icewerx

• Qualtrics acquired Usermind

• RealPage acquired G5

• Sentient Digital, Inc. acquired RDA

• Shutterstock.AI acquired Pattern89

• Shutterstock.AI acquired Shotzr

• Spectrio acquired Automotive Broadcasting Network

• The Hatcher Group acquired Horne Creative Group

• The Nine Acquires Brand Content Firm Crossland Communication

• Veritone acquired PandoLogic (formerly RealMatch) for $150MM

• Verve Group acquired Smaato for $170MM

• Visiqua acquired FlipForms

• Xlerate Group Acquires Liquid Motors

• ZeroNorth acquired Propulsion Dynamics

MEDIA & ENTERTAINMENT

• Tom Rogers on the future of media, gaming and more

• An examination of the "creator economy" by The New Yorker

• Automattic acquired Pocket Casts

• AvidXchange acquired FastPay

• Beermilecom Acquired Beer Mile Media

• Business Upturn acquired Nova Scotia Today

• Buzzfeed To Acquire Complex

• CadmiumCD acquired EventRebels

• Carlyle To Acquire Liveu

• Ea Acquires 'Golf Clash' Creator Playdemic For $1.4B

• Elys Game Technology acquired USBookmaking for $12MM

• Enghouse Systems Acquires Momindum Sas, Saas Enterprise Video Software

• Epic Games acquired Sketchfab

• GameSquare Esports acquired Zoned for $7.85MM

• Gamesquare Esports Acquires Complexity Gaming

• Gamesquare Esports Acquires Cut+Sew & Zoned, A Gaming And Lifestyle Marketing Agency

• Grupo Werthein acquired Vrio Corp for $500MM

• Hh Global To Acquire Pcm And Pms

• Kindred Acquires Relax Gaming

• Lionbridge acquired Rocket Sound

• Mobix Labs acquired Cosemi

• On Location Experiences acquired Qcue

• Outside, Inc. acquired Pinkbike.com

• Perkin Industries acquired I Love My Dog So Much

• Recurrent Ventures acquired Futurism

• Recurrent Ventures acquired MEL Magazine

• Sciplay Acquires Casual Game Developer Koukoi Games

• Tinuiti acquired Prospect Point

• Tinuiti Signs Deal To Acquire Bliss Point Media, A Tv Advertising Firm

• Tribeca Enterprises acquired m ss ng p eces

• Tribeca Enterprises Acquires Creative Brand Studio

• Twitter acquired Brief

• Updater acquired Dolly

• Vannamelon acquired Martincitopants for $1.5MM

• Vannamelon acquired Peak Precision Studios for $1.2MM

• Velocity Acquires Vision Media's Digital Cinema Lobby Signage Network

• Video River Networks Acquires DRNG 

• Warner Music Group acquired 12Tone Music

MINING & NATURAL RESOURCES

• Aalberts Industries acquired Premier Thermal Solutions

• Anglogold To Acquire Bullion Miner Corvus

• JGB Enterprises, Inc acquired HosePower Canada

REAL ESTATE & RELATED

• Apollo acquired New Home Company for $338MM

• Arlington Capital Partners acquired TRP Infrastructure Services

• Arthur Online acquired Tilt Property Software

• ATS Automation, Inc acquired WayPoint Systems

• ATTOM Data Solutions acquired GeoData Plus

• Behrman Capital acquired SHURCO

• Beringer Capital acquired Inman Group

• Blackstone To Acquire Home Partners Of America For $6B

• Boston Trade Interior acquired Design Environments

• Brookfield Business Partners Acquires Modulaire Group For $5B

• Canada ICI Capital Corporation acquired MFCI Capital

• Carlisle acquired Henry Company for $1575MM

• Class Valuation acquired Synergy Appraisal

• Diverzify acquired Select Prefab Solutions

• Dlp Real Estate Capital Acquires The Edge At Kutztown, A Student Housing Community

• Elm Street Technology Acquires Morris Real Estate Marketing Group

• Everarc To Acquire Perimeter Solutions For $2B

• First American acquired Georgetown Title

• Fortive acquired ServiceChannel for $1200MM

• Integrated Facility Solutions acquired MultiGas Detection and Instrumentation Services

• Kontrol Technologies To Acquire Building Solutions Company

• Lerch Bates Inc. acquired Axis Facades

• New Frontier Materials Acquires Fred Weber's Aggregates & Asphalt

• MRI Software Acquires Findspace, An Integrated Marketing Solution For The Commercial Real Estate

• Peltram Plumbing acquired E.R. Plumbing Services

• Pueblo Mechanical & Controls acquired Infinity Contractors

• Redwood Capital Group LLC acquired Ascent Cresta Bella

• Right Time Group Acquires Haven Home Climatecare

• Rileighs Outdoor acquired Clark Sales Display

• SEI Group acquired Allied Insulation & Supply

• Starwood Capital Group To Acquire Monmouth Real Estate Investment Corporation

• Stewart acquired Title First Agency

• Summit Companies Acquires Republic Fire Protection And Fire Ranger

• Sun Capital Partners acquired EIS

• Swegon Group acquired 720 Degrees Tecta America acquired Childers Roofing & Sheetmetal, Inc

• Thoma Bravo acquired iOFFICE

• Trusscore acquired Westech Building Products

• US LBM acquired Brand Vaughan Lumber Co. and Home Center Supply

• Vestar Capital Partners Acquires Stratus A, A Brand Implementation And Facilities Services Firm

• View acquired IoTium

RETAIL, TRADE & WHOLESALE

• Rapid grocery delivery startups continue to launch

• Walmart to sell e-commerce tech to rivals in latest challenge to Amazon

• ACV acquired MAX Digital for $60MM

• Benchmark Acquires Packaging Supplier Donby Shippers Supply

• BigCommerce acquired Feedonomics

• Boyne Capital Has Acquired Masters Lumber And Hardware

• BP acquired Thorntons

• Circle Graphics acquired CanvasPop

• Core Main To Acquire Pacific Pipe

• Danaher To Acquire Moderna Supplier Aldevron For $9.6B

• Dawn Foods Acquires Icopa Distribution

• Entrust Global Group acquired Southern Hobby Supply

• Growgeneration Acquires Mendocino Greenhouse And Garden Supply

• GrubMarket acquired Terminal Produce

• Hero Digital acquired Alpine Consulting

• High Tide To Acquire Regina Retail Portfolio

• J.D. Power and Associates acquired Darwin Automotive

• JGB Enterprises Acquires Industrial Petroleum And Mining Supplies

• Jupiter Cannabis acquired Jupiter Grass

• Klarna Acquires Hero, Provider Of In Store Experience To Social Shopping

• KPS Capital Partners To Acquire Tate & Lyle'S Primary Products Business

• Long View Equity Acquires North Austin Retail Project

• Next Glass Acquires Ollie Order, An Alcohol Marketplace

• PureCars acquired TruPayments Ramsoft Acquires Meddiff

• Signa Sports To Acquire Wiggle Bicycle Store For $3.2B

• Sku Ninja Whytespyder Acquires Dotcom Partners An Ecommerce Software And Strategy Firm

• Snap acquired Vertebrae

• Sodexo acquired Food.ee

• Systems & Methods acquired PayPerks

• Taboola acquired Connexity for $800MM

• Thoma Bravo To Acquire Stamps.Com For $6.6B

• Us Lbm Acquires Arizona's Home Center Supply

• Us Lbm Acquires Brand Vaughan Lumber Company

• Vontier acquired DRB Systems for $965MM

• Wctractor Kubota Acquires Virnau Sealy Tractor

TECHNOLOGY

• People train AI and the Computers which have the same flaws

• AI raised $20+B in Q2 2021

• US law requires some websites and apps to get parental permission before children under 13 use online services, but it’s difficult to enforce the rules. (e.g. TikTok removing 7+MM underage user accounts)

• The Great Chip Shortage affecting autos, aerospace & defense and telco

• @Properties Acquires Real Estate Tech And Advisory Firm Suburban Jungle Group

• Accenture acquired Cloudworks

• Accenture acquired Workforce Insight

• Airnow acquired MightySignal for $4.5MM

• Aktion Acquires Central Consulting Group, Provider Of Deltek Solutions And Architecture, Engineering, And Construction Consulting

• AllCloud acquired Integress

• Amazon's AWS Acquires Message Encrypting Service Wickr

• Aqua Security Acquires Tfsec

• ASG acquired ALICE

• Astorg And Bridgepoint To Acquire Fenergo, A Software Provider For Financial Institutions

• Atos acquired Nimbix

• Atos acquired Visual BI Solutions

• Audax Private Equity acquired Flashpoint

• Azentio acquired Beyontec

• Bain Capital Private Equity acquired PartsSource inc. for $1250MM

• Bambu Acquires Investment Management Technology Provider Tradesocio

• Barracuda Networks acquired SKOUT Cybersecurity

• BCM One acquired Wholesale Carrier Services

• BHP acquired Noront Resources for $325MM

• Blackstone To Acquire ESG Software Provider Sphera For $1.4B

• BlueSuit acquired DealStat REI

• BrandMaker acquired Allocadia

• Broadcom To Acquire Software Firm SAS Institute

• Burt Intelligence Acquires Ai Company Inventale

• Bustle Digital Group acquired Some Spider Studios for $150MM

• Ci&T Acquires Dextra

• Cirrus Logic acquired Lion Semiconductor for $335MM

• CloudTruth acquired Tuono

• Communications & Power Industries Acquires Tmd Technologies

• Compass MSP acquired Tarrytech Computer Consultants

• Converge Technology Solutions To Acquire Vicom Infinity And Infinity Systems Software

• Coor Acquires Veolia Technical Management

• Cybereason acquired empow

• Datacor Acquires Infonetics

• Dataminr Acquires Watchkeeper, A Real-Time Data Geovisualization Platform For Corporate Enterprises

• DataRobot acquired Algorithmia

• DaySmart Software acquired DASH Platform

• Deloitte acquired Sentek Global and TransientX

• Descartes Systems Group acquired GreenMile for $30MM

• Digital Science acquired IFI CLAIMS

• Discord acquired Sentropy

• Distribution One acquired Universal Business Systems

• Dover acquired CDS Visual

• Draslovka acquired The Chemours Company - Mining Solutions Business for $520MM

• Earnix acquired Driveway

• EasyVista acquired Goverlan

• Elitechgroup Acquires Gonotec, Provider Of Freezing Point Osmometry

• Elm Street Technology acquired IXACT Contact

• Encora Acquires Daitan, Provider Of Software Engineering Capabilities

• Epik acquired dnforum

• Evoque Data Center Solutions acquired Foghorn Consulting

• Fintech Acquires Cloud-Based Business Intelligence Provider Stx Business Solutions

• FINVASIA acquired ActTrader

• Flueid acquired Vodii

• FOG Software Group acquired SphereWMS

• Ford To Acquire Ev Charging Management Platform Electriphi

• Form Acquires Shelfwise Image Recognition Technology

• Fortinet acquired Sken.ai

• Fortive acquired TeamSense

• Frontline Managed Services Acquires Glasser Tech, A Managed Services Platform

• Giesecke+Devrient acquired Pod Group

• Globant Acquires Walmeric, A Portfolio Of Digital Products

• GovernmentCIO acquired Salient CRGT

• Gusto acquired Symmetry Software

• HCTec acquired Talon of NC

• Hewlett Packard Enterprise acquired Ampool

• Hewlett Packard Enterprise acquired Zerto for $374MM

• Hexagon acquired Infor EAM for $2750MM

• High Tide acquired DankStop

• HP acquired Teradici

• Huntington Ingalls Industries acquired Alion Science and Technology for $1650MM

• IBM acquired BoxBoat Technologies

• IBM To Acquire Bluetab, A Data And Hybrid Cloud Consulting Company

• ICM Partners acquired Select Sports Group

• Ideagen acquired Mi-Co for $4.2MM

• IFS acquired Customerville

• Imprivata acquired Xton Technologies LLC

• insightsoftware acquired CALUMO

• Intalio acquired Nyxeia

• Intel To Acquire Sifive To Bolster Chip Technology

• Intrepid Solutions and Services acquired Darkblade Systems

• isolved acquired Trendata

• Isolved Acquires Predictive People Analytics Provider, Trendata Hr

• J.W. Pepper & Son acquired BandSavvy LLC

• Kitman Labs Acquires Presagia Sports

• Komodo Health acquired Breakaway Partners

• Kris Infotech acquired AGS Tek Partners

• Lighthouse acquired H5

• Limeade acquired  Employee Listening Firm TINYpulse for $8.8MM

• Liveperson Acquires E-Bot7 Conversational Ai Tech

• Maitri Health Technologies To Acquire Bloom Health, Provider Of New Generation Of Occupational Health Services

• Mclaren Strategic Ventures Acquires Doran Jones, A Digital Transformation Company Serving The Financial Services Market

• Merkle acquired LiveArea for $250MM

• Microsoft acquired CloudKnox Security

• Microsoft acquired RiskIQ for $500MM

• Microsoft acquired Suplari

• Millennial Specialty Insurance acquired Founder Shield

• Miovision Technologies acquired Traffop

• Mks Instruments To Acquire Chipmaker Atotech For $5.1B

• MNP acquired Digital Embrace

• Mobilefuse Acquires Enhance, Provider Of Sdk Integration Tools

• Momentum acquires ITSMA

• Morgan Stanley Capital Partners acquired Alliance Technical Group

• Motorola Solutions acquired Openpath

• Nayax acquired Weezmo

• Netrix LLC acquired Managed IT Services - Contegix

• Netsmart acquired SimpleLTC

• New Charter Technologies acquired I.T. Responsive

• Nexa Acquires Client Chat Live

• NielsenIQ acquired Cornerstone Capabilities Inc.

• Nomadix Acquires Angie Hospitality, A Voice Assistant Technology Company

• Northfield Capital Corporation acquired Nighthawk Gold Corp.

• Nortonlifelock To Acquire Avast

• O2 Investment Partners acquired unWired Broadband

• Octo Consulting Group acquired Volant associates

• Ontario Systems acquired Boyce Systems

• OPSWAT acquired Bayshore Networks

• OVHcloud acquired BuyDRM

• PairSoft acquired Webiplex

• Perceptyx acquired CultureIQ

• Perceptyx acquired Waggl, Inc.

• Planned Systems International acquired Pro-Sphere Tek

• Playmaker acquired Yardbarker Network for $24MM

• Pluribus Technologies acquired POWr

• PMG Presse-Monitor acquired X-CAGO

• PrimeFlight Aviation Services acquired Global Aviation Services

• Quad-C Management acquired Apps Associates

• Quantic Electronics Acquires Union Technology Corporation

• Quantum Acquires Pivot3, Provider Of Hyperconverged Infrastructure For Surveillance Tech

• R-Zero acquired CoWorkr Rapid7 acquired IntSights for $335MM

• REMPREX, LLC acquired Technical Support International (TSI)

• Revinate acquired NAVIS

• Ritual acquired AllChecked.in

• Rockwell Automation To Acquire Plex Systems For $2.22B

• Roker acquired SecurePark

• SalesLoft acquired InStereo

• Sauce Labs acquired Backtrace

• SEI Group acquired Haskell's Hardware

• SentryHealth acquired MAP Health

• Servicetitan To Acquire Aspire Software For $9.5B

• Shield Ai Acquires Heron Systems

• Siemens Acquires Foran Software, Provider Of Marine Design And Engineering Tech

• Silverline acquired Shift CRM

• Sitel Group To Acquire Peer Sykes In $2.2B Deal

• Somos, Acquires Xconnect, A Provider Of Telephone Number Information Services

• Sonata Software acquired Encore Software Services

• Sophos acquired Braintrace

• Sophos acquired Capsule8

• Sovrn Holdings Acquires Proper Media

• Sparkcognition Acquires Industrial Knowledge Management Company Maana

• Square acquired Crew

• Stingray acquired Calm Radio

• Supply Chain Services Acquired ISG Technologies

• Surgical Science acquired Simbionix for $305MM

• Synoptek acquired Juxto - Secure Real-Time Communications (RTC)

• Terralogic acquired Tridius

• The Judge Group acquired The Copley Consulting Group

• Thoma Bravo To Acquire Qad For $2B

• Thoma Bravo To Acquire Software Firm Medallia For $6.4B

• Thrive Acquires S7 Technology Group

• Tinuiti acquired Bliss Point

• Tiny Technologies acquired Setka

• Two Labs, An Envision Pharma Group Company Acquires Riparian

• Underwriters Laboratories (UL) acquired Method Park

• Uniphore acquired Jacada

• Unity Technologies acquired SpeedTree

• Universal Engineering Sciences Acquires Geotechnology

• UPSTACK acquired DataCenterAndColocation

• VelocityEHS acquired Kinetica Labs

• Versaterm acquired eJust Systems

• Wellness Coaches USA acquired benovate

• Woven Planet Holdings acquired CARMERA, A Mapping, Road Data Firm

• XTM, Inc. acquired Tiproll

• ZeroFOX acquired Vigilante ATI

• Zimperium acquired whiteCryption

• Zola Suite acquired AbacusNext

• Zoom To Acquire Cloud Software Provider Five9 For $14.7B

• ZoomInfo acquired Chorus.ai for $575MM

TELECOMMUNICATIONS

• T-Mobile is letting people use mobile phone service without signing up

• Atlantic Broadband Will Acquire The Ohio Broadband Systems Of Wideopenwest

• DigitalBridge acquired PCCW DC

• Grande Communications Networks acquired Harris Broadband

• Halo Technology Group acquired ARIA Technologies, Inc.

• Modus acquired Spectrum Services Modus acquired Tachyon

• Ookla acquired Solutelia Perwyn Acquires Jersey Telecom'S IoT Business

• STL Acquires Clearcomm, A Network Integration Company

TRANSPORTATION & LOGISTICS

• Pittsburgh unveiled a new program to unite services for non-drivers

• Autonomous trucking investment rose to $5.6B from 2020’s $4.2B

• Tractor Supply CEO on inflation and supply chain delays

• Beacon Mobility acquired WE Transport

• Benchmark Acquires Donby Packaging

• Cart.com acquired Sauceda Industries LLC

• CD&R LLP acquired Fort Dearborn

• DP World Group acquired Syncreon for $1200MM

• Exchange Income Corporation acquired Carson Air for $61MM

• Knight-Swift Transporation acquired AAA Cooper Transportation for $1350MM

• MacNeill Pride Group acquired Klymit

• MEI Rigging & Crating acquired A&A Machinery Moving, Inc.

• MGN Logistics acquired Republic Logistic Services

• Mingzhu Logistics To Acquire Cheyi Network

• Pantero acquired Inspired Packaging Solutions

• ParkHub acquired CurbTrac

• Perch acquired Web Deals Direct

• TCG Legacy Printing & Packaging acquired MedLit Graphics

• TricorBraun acquired SGB Packaging Group

• Uber Freight Unit To Acquire Transplace For $2.25B

• UOVO Fine Art Storage acquired Ship Art-Terry Dowd

• UOVO Fine Art Storage acquired Ship/Art International

• Valiant Integrated Services acquired Alliance Technical Services

• Welcome Dairy acquired North Star Processing

• Werner Enterprises acquired ECM Transport for $142.4MM

WASTE MANAGEMENT & RECYCLING

• In 2018, the EPA reported that landfills received 27 million tons of plastic

• It’s a bird, it’s a plane, it’s...trash?

• Casella Waste Systems acquired Willimantic

• CD&R LLP acquired Multi Color Corporation

The contents of this newsletter are intended for the exclusive use of Red Forest Capital funds. Access to the Knowledge-base and to materials included in this newsletter is limited. Previous editions can be found at redforestcapital.com.