July 2021

The contents of this newsletter are intended for the exclusive use of Red Forest Capital funds. Access to the Knowledge-base and is limited to Red Forest Capital search funds. 

Happy Canada Day And Happy Independence Day! 

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. 

KNOWLEDGE-BASE UPDATES *Red Forest Capital Funds Only 

• 2021 Industry Prioritization, a customizable tool to compare and measure how well sub-sectors fit your investment criteria

• Proforma and Growth Forecast Template is designed to help funds build a financial forecast to support growth plans following an acquisition

• LTV : CAC Tutorial to complement RFCs LTV CAC and Churn Template

• Questions to Ask Sellers in addition to the RFC Diligence Workbook

COMPANIES 

• RFC Company Lists. Currently available; 

  • Corporate Learning Management System

  • Dental and Oral Surgery

  • Learning Content Management and Course Authoring 

  • Sales Enablement

  • Transportation & Logistics

  • Veterinary, Animal Clinics & Diagnostics

• Companies that serve Industrials and Manufacturing

• QuietLight’s Directory of Online Businesses for Sale

• Raw PPP Loan Data available on the SBA Website

SEARCH FUND SPOTLIGHT and topics for specifically search funds; 

• A Record-Breaking ‘Frenzy’ Of M&A Activity Is Underway

• The Search Project’s LOI & Purchase Agreement session as a complement to the RFC Signing & Closing Guide

• Notable Q22021 Asset Backed Loan Transactions

• What Happens to a Business in a Family Law Dispute?

• Demand for food service workers could provide opportunities for first-time workers as employers frantically hire, offer incentives and loosen hiring standards. Chipotle increased average pay to $15 an hour. Wendy's offers signing bonuses, referral bonuses and same-day pay. Dunkin' offers health care, flexible schedules and paid time off. McDonald's in Arlington, Virginia, touted $500 sign-on bonuses. 

TIPS & TRICKS 

• How to find and qualify leads faster as a complement to the RFC Marketing & Sales guides

• Getting Warm Intros and Referrals

• How to NOT Sound like a Washing Machine Salesperson on LinkedIn

• Insight selling vs solution selling and using both

• No Code solutions for landing pages; Unicorn Platform, Umsohq or Carrd

• Obtain data and automate; Integromat, Zapier, Parabola or Automate

• Understanding Earnouts

IDEAS

• Hybrid Office Solutions like reservation software for desks and conference rooms or low touch displays and directories

• With vacant retail spaces, designers are pivoting to pop-up shops

• Investing in the Circular Economy (reusing, repairing, and recycling)

• Order Fulfillment (i.e. Instacart) Software

• Digital Language Learning and English is a growth area with a 25% CAGR 

• AgTech Investment Thesis from Dipalo Ventures

M&A HEADLINES and a selection of deals with more below; 

• Converge Technology Solutions acquires ExactlyIT, an IT managed services provider

• Dairy.com Acquires ever.ag, provider of crop insurance, commodity brokerage, technology, and other services

• FAT Brands buys Global Franchise Group which include; Round Table Pizza, Great American Cookies, Hot Dog on a Stick, Marble Slab Creamery and Pretzelmaker for $442.5M

• Foreside Financial Group acquired Hardin Compliance Consulting, a compliance consulting firms for the financial services industry

• Indorama Ventures in Completed Acquisition of CarbonLite’s PET Recycling Facility

• JBT acquires Prevenio, Provider of Food Safety Technology for $170M

• KONE Acquires Detroit Elevator Company

• Planon acquires Axonize, an IoT platform provider, and introduces its Hyper-Connected Building offering

• Quala acquired the tank trailer cleaning operations within Kraft Tank Corporation

• Repay Holdings buys Kontrol Payables for $11MM

• Solera Holdings acquired eDriving, a driver risk management partner

• Walker & Dunlop acquired TapCap, provider of commercial real estate loan application software

• WorkWave will acquire Real Green Systems, provider of software solutions for the lawn care, landscaping, arbor care and pest control industries

SAAS R&D TAX CREDITS. The IRS introduced the R&D tax credit in 1981 under The Economic Recovery Tax Act (ERTA) which became a permanent federal incentive in 2015 under the Protecting Americans from Tax Hikes Act (PATH).  The tax credit allows SaaS businesses to reduce their federal and state (varies by state) tax liabilities. The R&D tax credit can be used to offset federal and state (varies by state) cash tax liabilities.  The PATH Act allows qualified small businesses (QSB) to amend the three prior year’s federal tax returns and claim all development costs and unclaimed tax credits. The credit may be capped at $250,000 for each qualified year yet can generate cash for the business and distributions for shareholders.  For more information, consult your accountant and the IRS’s Internal Revenue Code 41.  

INTERESTING

• Women Considering a Search Fund by A. J. Wasserstein

• GAAP v non-GAAP for Investors

• Tim Berner-Lee is selling a web source code NFT

• Cincinnati’s Seed Commons cooperative released a $3MM search fund program to support historically disenfranchised business owners

• Google is ending Chrome support for third-party cookies that track people around the web

• Panasonic has offloaded its entire stake in Tesla, which dominates its battery business

• Questions Concerning Bitcoin’s Growing Balance Sheet Presence

• Search Fund Lender, BankProv Offers Financing for Ethereum-Backed Line of Credit

• 3 Mistakes To Avoid Now For A Smooth Exit Later

• At a summer camp, juice boxes and bitcoin mining

• Structured Analytic Techniques for Improving Intelligence Analysis

• Wyss Institute, MIT develop a mask to detect Covid

INDUSTRY AND M&A UPDATES

AEROSPACE & DEFENSE

• The US Navy set off a 40,000-pound explosive to see how its new supercarrier would hold up

• Magnaghi Aeronautica USA Acquires Airmarine Electroplating Corporation And Airlift Hydraulics

• TEVET acquired LibertyGT, a developer of a system for warfare and 5G applications

AGRICULTURE & FOOD

• Four Facts about Soaring Consumer Food Prices from the IMF

• Since March, wholesale beef prices have increased 40%-70%

• 10% of adults are experiencing food scarcity according to the Census Bureau’s Household Pulse Survey

• Food Companies Say Combating Climate Change Comes With Costs

• How PB2 Disrupted The Peanut Butter Category

• Accelerant Holdings Acquires Agribusiness Risk Underwriters

• Acosta to Acquire Impact Group, a Sales and Marketing Agency for Natural, Specialty, Ethnic and Emerging Brands

• Brenntag to acquire JM Swank, a maker of food ingredients including spices

• The Cannabis Depot acquires Credex

• Cannabis Growth Operator, Schwazze, Announces Agreement to Acquire Southern Colorado Growers

• Digitally Native Winery Winc Acquires Natural Merchants Assets

• DoorDash acquires food robotics company Chowbotics

• Global AgTech leader Semios acquires Altrac to deliver more value to growers through control and automation

• Good Hemp Enters Into Agreement To Acquire Sacred Leaf

• GrubMarket Acquires Sierra Produce, Provider of South American Fruits 

• Hickory Farms acquired Wicked Good Cupcakes, a Shark Tank in 2013 participant and online mason jar cupcake shop

• Once Upon a Farm Acquires Leading Organic Baby Food Meal Delivery Company, Raised Real

• Quench acquires Chicago’s Magic Pure, a sparkling water specialist

• Quench acquires Rhode Island’s Eastern Pure Water

• Semios acquires Centricity to advance mission of simplifying the grower's experience

AUTOMOTIVE

• Car dealers are selling more vehicles above sticker price

• Self-driving cars: A full explainer on the road to autonomy

• Porsche looks to new battery tech for an edge

• Ferrari unveiled its second plug-in hybrid

• An inflatable motorcycle?!

• Apollo Acquires ABC Tech, a maker of plastics for the automotive industry

• Dorman Products acquires Dayton Parts for $338MM

• Ideanomics Acquires US EV Tractor Maker Solectrac

• Lithia & Driveway Acquires Toyota of Jackson

• TSG Consumer Partners to acquire Rough Country, seller of truck accessories

B2B 

• Accenture acquires Sentor, a cyber defense and managed security services firm

• Broadstep Acquires Bethesda Residential and Support Programs, professional services firms serving nonprofits and associations

• ConvergeOne acquires NuAge Experts, a Salesforce Integrator

• Core BTS acquired Aptera Software, a software development company specializing in the Microsoft stack, particularly on Microsoft Azure

• Deloitte Acquires CloudQuest and Terbium Labs to Expand Threat Intelligence Offerings

• Eagle Tree Capital acquires Integreon, a MSP serving professional sectors

• ELYON acquired Azimuth Group, a business optimization & IT infrastructure consulting firm

• EQT Acquires Pro Unlimited, a firm that assists companies in managing their contingent workforce

• Foreside Fund Services acquires Hardin Compliance Consulting

• Hitachi Vantara Acquires Io-Tahoe, a Smart Data Management Company 

• Integrity Acquires Data-Driven Call Center Unified Health to Expand Services for Medicare Beneficiaries

• JHNA Acquires Pax River-Based Technology Security Associates

• Oak Hill Capital acquired Trinity Consultants, an engineering and science consultancy serving the industrials and healthcare

• Resolve Acquires Ayehu, An Intelligent Automation Adoption Firm

• Roboyo has acquired AKOA, an Intelligent Automation professional services company

• Smart Care Equipment Solutions acquired Total Building Services, a commercial foodservice equipment company

• Smart Source Acquires Cornerstone Media, provider of document management, printed materials and promotional products

• Symphony acquired Cloud 9 Technologies, a cloud communications service provider

• Synopsys has acquired Code Dx, an application security risk management company

• Syntax Acquires Illumiti to Expand Global SAP Functional Practice 

• VntCap Technologies Acquires Bubblebox, a Leading Provider of Salesforce Marketing Cloud Solutions

• Xebia Group acquires Appcino to accelerate digital transformation with powerful low-code competencies

CONSUMER 

• Consumers are going back to the gym

• Amyris To Acquire OLIKA’s Clean Consumer Brands

• Lapels Dry Cleaning and Greybull Acquired Martinizing Dry Cleaning, 1 800-DryClean, Pressed4time, Dry Cleaning Station and Bizziebox

EDUCATION

• Dakota State University is now offering a Bachelor of Science in Artificial Intelligence in Organizations

• Why SPACs are eyeing the education technology sector

• Cheating at School Is Easier Than Ever—and It’s Rampant

• How colleges can be proactive about the ransomware threat

• California's $49B higher ed budget proposal prioritizes worker training

• 2U acquires edX assets for $800M

• Course Hero Acquires Leading Literature Resource for Teachers and Students

• Edmentumt to acquire Apex Learning, a digital curriculum and virtual learning company

• Global Grid For Learning acquired Stackup, developer of a documentation platform designed to keep track of formal and informal online learning

• Modern Campus acquired Presence, a premiere campus engagement and learning platform for higher education institutions

• Moodle acquires three companies to launch LMS services business

• SchoolMint acquired Schoolrunner, a student data system

• Southern New Hampshire buys Kenzie Academy

• Stash acquired PayGrade, a financial literacy platform helping students build healthy financial habits

ENERGY

• Oil posted the best first half since 2009 with WTI up $0.49 to $73.47 and Brent for August up $0.37 to $75.13 a barrel. OPEC forecasts a supply for the rest of this year with existing production levels 

• Amazon will build new solar farms in Arkansas, Mississippi, Pennsylvania, and at least 8 other states

• Traders invest into renewable power and carbon trading as well as new oil projects in the expectation of a supply gap

• Artera completes acquisition of Feeney Utility Services Group, a natural gas utility service provider in the Northeast and Mid-Atlantic

• ECP has acquired Pivot Energy

• Harris has acquired the Consumer Analytics Solutions, a consumer engagement platform serving utilities

• Hy-Tek Holdings has acquired BP Controls and Nogol Electric

• IURC approves AES Indiana agreement to acquire 195-megawatt solar project 

• Partners Group to acquire Dimension Renewable Energy

• Philippine Metals to acquire ReVolve Renewable Power

• Southwest Gas acquire Riggs Distler in $855M deal

• Surge Energy buys Astra Oil in C$160M deal

ENGINEERING & SCIENTIFIC SERVICES 

• Artemis Acquires Maury Microwave, a RF calibration, measurement, and modeling solution provider

• LTI to Acquire Digital Engineering Firm Cuelogic

• McKim & Creed Acquires GSA Consulting Engineers

• Solvias Acquires Chemic Laboratories, A Laboratory and Testing Services Provider 

ENVIRONMENT & RELATED

• Environmental Investing Frenzy Stretches Meaning of ‘Green’

• Core & Main Signs to Acquire L & M Bag & Supply Co., a supplier of geotextile fabrics and geogrids, turbidity barriers and control fabric

• Universal Engineering Sciences Acquires McGinley & Associates, A Leading Environmental Engineering And Consulting Firm

FINANCE & INSURANCE

• JPMorgan wealth management searching for add-ons in financial services

• Atlantic Pacific Processing Systems acquires Clique Payments

• Arthur J Gallagher & Co Acquires Excess Underwriting Company

• Bamboo Insurance Acquires Assets of First American Property and Casualty Insurance Agency

• BlockTower Capital acquires Gamma Point Capital

• Cantor Fitzgerald Acquires Flippin, Bruce & Porter

• CI Financial acquires Radnor Financial Advisors

• Cornerstone Home Lending to acquire The Roscoe State Bank

• Fentura Financial to acquire Farmers State Bank for $15.5M

• Farmers National Banc to acquire Cortland Bancorp for $124M

• First Bancorp to Acquire Select Bancorp Gemini Acquires Leading Crypto Custody Technology

• Hub International Acquires Salvatore Insurance Brokers Ltd, EnterMedicare, and Epstein Financial Group

• JPMorgan to buy ESG-focused fintech startup OpenInvest

• Mercer Advisors Acquires AFI Wealth Strategies

• Nicolet Bankshares To Acquire County Bancorp

• Pegasus Tech Ventures Acquires Silicon Valley VC Fund Garage Technology Ventures

• Propel Insurance Acquires South Risk Management

• ResMan Acquires Investor Deal Room

• StartupFuel acquired Uncrowd, a venture capital fundraising platform  

• Tradeweb Markets acquired Nasdaq’s U.S. fixed income electronic trading platform for $190MM

• United Bankshares to Acquire Community Bankers Trust Corporation

• USAA Announces Plans to Acquire Insurtech Company Noblr

• Virtus Investment Partners to acquire Stone Harbor Investment  

• Wealth Enhancement Group acquired Hoover Advisors, Lighthouse, MACRO Consulting Group, Fitzgerald Asset Management

GOVERNMENT, CIVIC & SOCIAL ORGANIZATIONS 

• ArchiveSocial Acquires FOIA Software Provider NextRequest

• OpenGov Acquires ProcureNow, A Procurement Software Company

• Kofile Acquires Data Preservation Solutions, provider of document management and imaging services for local governments throughout Texas

HEALTH CARE

• Mental-health cases are ending up in emergency rooms, flooding an already taxed system

• Founders Are Tackling Addiction: Here’s Where The Money Is Going

• Despite demand kids used ~35% less and adults used ~22% fewer mental health services YoY

• Access to care struggles to meet demand with ~27% behavioral healthcare organizations reporting lay-offs

• Retailers are also moving to address access with CVS expanded HealthHUB to include mental health in-store and through telehealth

• Doximity a “Linkedin for Doctors” IPOd

• How cells recover and new insights into Alzheimer’s and ALS

• Akumin to acquire Alliance HealthCare Services, a radiology provider

• Arcline Investment Management Acquires Resolution Medical asTech Acquires Mobile Tech RX

• BioIVT Acquires Serum, a Plasma and Reagent Producer and IVD Manufacturer Valley Biomedical Products & Services

• Boston Scientific to acquire Farapulse and its electrophysiology portfolio of systems to treat atrial fibrillation (AF) and other cardiac arrhythmias

• Cano Health Acquires University Health Care

• CVC Capital Partners to acquire ExamWorks

• DFP Healthcare Acquisitions acquires The Oncology Institute

• eAssist Dental Solutions Acquires Dr Charles Blair & Associates, Practice and Coding Company

• Eden Home Health has acquired WEL-Home Health of Bozeman

• Eurofins to Acquire DNA Diagnostics Center

• Elanco Announces Agreement to Acquire Kindred Biosciences

• Excelitas Technologies Acquires PCO, a designer, developer and manufacturer of cameras for biomedical and industrial imaging

• Explora BioLabs Acquires Novalex, A Vivarium Biotech Research Service Provider 

• Fifth Third Bancorp will acquire Provide, a digital platform for healthcare practices

• Grant Avenue Capital Acquires QHR Health

• Griffin-American Healthcare REIT to Acquire American Healthcare Investors

• Health Union Acquires WEGO Health

• Hospice Source has acquired Respiratory Therapy Home Care 

• Iodine Software has acquired ChartWise Medical Systems

• LFB Plasma Acquires ImmunoTek Bio Center, developer of plasma derived products for patients with chronic and serious diseases

• MAP Health Management Acquires CARMAhealth to Deliver First Peer-led, Behavioral Health Home

• Mission Healthcare Enters Into Agreement to Acquire Silverado Hospice 

• Oncodisc Inc Acquired by PAVmed Digital Health Company Veris Health

• Overjet Acquires American Dental Examiners, A Clinical Review on Its Artificial Intelligence Platform

• Paragon 28 Acquires the Assets of Additive Orthopaedics

• Priority Ambulance acquired software company Randseco and StatCall, its digital patient procurement and logistics solution

• Select Medical to acquire Acuity Healthcare

• Skylight Health acquires primary care group Doctors Center

• Tegria Acquires KenSci, A Healthcare Data Insights Company

• Twist Acquires NGS Library Prep Tools Developer iGenomX for $35MM

• UniQure to acquire Corlieve Therapeutics, a gene-therapy company

• Vios Fertility Institute Acquires Center for Reproductive Health

• Vynca Acquires Virtual Palliative Care Provider ResolutionCare, Introduces Serious Illness Management Platform

• Vyne Dental Acquires Operabilityand Its Patient Communications and Engagement Platform, OperaDDS

• WELL Health to Acquire MyHealth, an Outpatient Medical Clinic Owner-Operator and Leading Multi-disciplinary Telehealth Service Provider 

• ZS is acquiring Medullan, a digital health and digital medicine strategies company

HOSPITALITY, TRAVEL & TOURISM

• United Nations Conference on Trade and Development report suggests the pandemic cost to the tourism could hit $4T by the end of this year

• The Biggest Summer Travel Headaches and How to Avoid Them

• Delta Is Selling Packable COVID Tests for Return Flights to the US

• Braemar Hotels & Resorts Announces Agreement To Acquire The Mr C Beverly Hills Hotel

• Dynamic City Capital Acquires Element by Westin 

• FM:Systems Acquires WizzPass, Gaining Best-in-Class Visitor Management Technology

• ICM Mobility Group Acquires Unwire, a Mobile Ticketing and Payment Specialist

• Paradigm Hotels to acquire At Mine Hospitality for $8.4MM

• Slinger Bag acquired Foundation Tennis, a provider of tennis club business operations software solutions for $3.44MM

• TA Associates acquired AutoQuotes, a developer of supply chain software maker for the foodservice industry

INDUSTRIALS & MANUFACTURING

• Air conditioning shortage ahead of hot summer causes price spike

• CITIC to acquire Quanergy Systems, a provider of a high-performance AI-powered LiDAR automation platform  

• Hyundai acquired Boston Dynamics, manufacturer of dynamic robots and software for human simulation, for $880MM

• Ingersoll Rand acquires Maximus, provider of digital controls and IoT production management systems for the agtech for C$135.4M

• Kolene Acquires Chemical Division of Park Thermal International

• Komline-Sanderson Acquires Barnes International, manufacturer of coolant filtration solutions

• NexTech AR Solutions acquired threedy AI, provider of a 3D visualization platform intended to turn a 2D photo into a 3D object for $9.5MM

• Madison-Kipp Acquires Omen Castings, manufacturer aluminum components primarily for the automotive industry

• Platinum Equity To Acquire SVP Worldwide, A Sewing Machine Manufacturer

• Siemens acquires proFPGA an IC verification portfolio

LEGAL & RELATED

• Litify acquired LegalStratus, developer of Legal Management tools and the premier e-billing solution built on the Salesforce platform

MARKETING & ADVERTISING

• YouTube monthly viewers 2B. 1+B hours daily and $30B in revenue

• 40% YouTube ads are viewed on TVs 

• Acosta to acquire Impact Group, a sales and marketing agency with expertise in natural, specialty, ethnic, and emerging brands

• Butler/Till has acquired Digital Hyve, a digital marketing agency

• Constant Contact will acquire SharpSpring, an automation platform that improves the effectiveness of small business's (SMBs) marketing strategy

• Influence Mobile Acquires Blind Ferret, A Reward Engagement Platform 

• Oak Leaf Productions acquired o1-agency, an agency that helps brands make fully integrated campaigns, content marketing, and social media

• QYOU Media Inc to Acquire Chtrbox, an Influencer Marketing Company 

• SmartBug Media Acquires Worth eCommerce

• Vungle to Acquire JetFuel, an Influencer Marketing Platform

MEDIA & ENTERTAINMENT

• Mobile game downloads remained at around one billion a week and app spending reaches all time high of $34B in Q2 2021

• A TikTok user going viral with videos of restocking products (?)

• Amazon Music is acquiring Art19, developer of a podcast platform

• Ballantyne Strong acquires Curb Taxi Media

• BuzzFeed to acquire Complex Networks for $300MM

• Catapult Acquires SBG Sports Software providing video and data analysis to elite sports teams and motorsports

• Cybernetic Technologies has acquired World Gaming Group

• Electronic Arts to acquire game studio Playdemic for $1.4B

• Euclid Media Group acquired LEO Weekly, a local newsweekly publication

• GAC Media has acquired the Great American Country Network

• Leadstar Media acquired Vendor Minor sports betting license in Colorado

• Media and Games Invest acquired Smaato, a mobile advertising platform

• Playdemic was acquired by Electronic Arts for $1.4B

• Songtradr Acquires Global Creative Music Agency MassiveMusic

• Sony acquires Returnal developer Housemarque

• Togetherwork has acquired Acceptd, an audition platform for the arts

RAW MATERIALS, MINING, ETC. 

• American Construction Source acquires Tanco Lumber

• JP acquired Campbell Global, a timberland management company

• Spahn & Rose Lumber Co to Acquire Metro Building Products

REAL ESTATE & RELATED

• April home prices: +14.6% YoY, according to the S&P CoreLogic Case-Shiller National Home Price Index

• New foreclosure protections approved by the Consumer Financial Protection Bureau

• Real estate tech is seeing renewed interest from VC with deal activity at an annual record of $6.2B

• Building design, city design, cooling strategies are needed so the A/C doesn’t have to work so hard

• 420Propertycom Acquires 420Propcom Domain

• Artera To Acquire KR Swerdfeger Construction

• Best in Class Technology acquired Thayer Corporation and Dyer Service

• Enverus Acquires Integrity Title and its Land Title Services

• Fencing Supply Group acquires Fence Supply Inc.

• Hardwoods Distribution acquires Novo Building Products for $303MM

• Newlook Capital acquired Mack Fire Protection, a fire sprinkler contractor

• Nucor to acquire Cornerstone Building Brands' insulated

• PrimeSource Brands to acquire Wolf Home Products, a provider of residential kitchen and bath, outdoor living, and exterior building products

• Sweeping Corporation of America has acquired Sunset Property Services 

• TK Elevator acquires Accurate Elevator

• US LBM To Acquire JP Hart Lumber And Hart Components

• VESTA Acquires BD Modular, provider of modular buildings

• Vulcan To Acquire US Concrete

• WhereiPark acquired MonkeyParking, a mobile app that connects people looking for parking with driveway-owners

RETAIL, TRADE & WHOLESALE

• Delic to Acquire Ketamine Infusion Centers, A Physical Retail Chain

• Etsy Acquires Elo7, a marketplace for handmade items focused on wedding, party and home decor

• FleetPride Acquires All Pro Truck & Trailer of Rockford, Illinois

• High Tide acquires Daily High Club, an e-commerce company for $10MM

• InMarket has acquired Out of Milk, the popular shopping list app

• Lazydays Holdings To Acquire Burlington RV Superstore

• Ultra Commerce Acquires Vesta eCommerce, An eCommerce and Product Data Management Solution

TECHNOLOGY

• DARPA is offering up to $1M per project as part of a new Artificial Intelligence Exploration Opportunity

• Investors Eye Emerging Cybersecurity Space As APIs Explode

• MSFT market cap over $2T with Windows 11 due this winter

• ArchiveSocial Acquires FOIA Software Provider NextRequest

• Amazon acquired Wickr, an encrypted messaging platform

• Autodesk to Acquire Electronic Design Software Leader Altium Limited

• Clearlake Capital and Constant Contact to Acquire SharpSpring

• Clearlake Capital to Acquire Confluence from TA Associates

• Cloudera Agrees to Acquire SaaS Companies Datacoral and Cazena

• Coalfire Acquires Denim Group To Transform DevSecOps Programs

• Core BTS Acquires Aptera Software

• CTSI Acquires Collaborative Technology Solutions

• HP acquired Determined AI, an their deep learning management platform

• JFrog to acquire Vdoo, developer of an AI-based platform for fixing vulnerabilities in IoT software systems, for $300M

• Rambus to Acquire AnalogX, Data Center Interface Solutions

• Rambus to Acquire PLDA, Cutting-Edge and PCI Express Digital IP

• Siemens acquires Nextflow Software, and its meshless simulation tech

• Sighthound acquires Boulder AI, a smart camera developer

TELECOMMUNICATIONS

• BAI Communications to acquire Mobilitie, a wireless infrastructure firm

• FORM Acquires Rodio Mobile Communication Technology for Field Teams

• Vivacity Acquires Terra Consulting Group, Expands Wireless and Telecommunications Infrastructure Capabilities

TRANSPORTATION & LOGISTICS

• The US is the sixth most expensive country to build rapid-rail transit

• The New York Fed and Brown found that the cost a new mile of interstate increased 5x between 1984 and 2008

• FedEx dropped 1,400+ freight customers due to an overburdened workload from backlogged supply chain

• The US will need 330+MM FT2of warehouse space by 2025

• ASG acquired Trucker Tools, a digital freight management platform

• Ford Acquired Electriphi, developer of commercial fleet operations software

• Kamps to Acquire Buckeye Diamond Logistics and its Subsidiaries

• MPC Container Ships to Acquire Songa

• Soteria Flexibles Acquires Redi-Bag, a Flexible Packaging Producer

• Thoma Bravo to Acquire QAD, a provider of manufacturing and supply chain solutions

• Wix Acquires Modalyst, an eCommerce Supplier Marketplace and Dropshipping Solution

VETERINARY 

• Americans spent a record $103.6B on pets last year, up 7% from 2019

• As pet ownership surges, we need to strengthen the veterinary profession

WASTE MANAGEMENT & RECYCLING

• Big tech firms move to tackle the e-waste explosion, but is it enough?

• Alpek, Indorama, Evergreen acquire a CarbonLite facility

• Battle Motors acquires Carrier Crane Co.

• Biffa acquires Viridor assets

• Domtar to be acquired by Paper Excellence

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