Merger & Acquisition News

IRVINE, Calif. & BOSTON--(BUSINESS WIRE)--Synoptek, a leading global business and technology consulting firm, today announced it has acquired Optistar Technology Consultants (“Optistar”), the technology services business division of The Vertex Companies, LLC (“VERTEX”) with offices spanning New York, Boston, Denver, and Seattle. The acquisition will be instrumental in expanding Synoptek’s footprint and advancing its capabilities in value-driven managed information technology services, cyber sec...

FRESNO, Calif.--(BUSINESS WIRE)--The Presidio Group LLC (“Presidio”), an independent merchant banking firm focused on mergers and acquisitions, capital raising, and investments in the automotive retail and consumer mobility sectors, exclusively advised Scott Biehl on the sale of the Mercedes-Benz of Fresno dealership franchise to Alpha Auto Group (“AAG”), a rapidly expanding consolidator of auto retailers across North America. The purchase by AAG is its first expansion into California and is al...

RICHMOND, Va.--(BUSINESS WIRE)--Bowlero Corp., (NYSE: BOWL) the global leader in bowling entertainment, announced today that it has completed the acquisition of Great Escape in Iowa. This is the Company’s 15th completed acquisition in calendar year 2022, bringing the Company’s total center count to 326. Great Escape, located in Pleasant Hill, a suburb of Des Moines, is a 24-lane bowling center featuring laser tag, over 50 arcade games, virtual reality, and a full-service restaurant. Great Escap...

BOCA RATON, Fla. & MELBOURNE, Australia & LAS VEGAS--(BUSINESS WIRE)--DigitalBridge Group, Inc. (NYSE: DBRG) (“DigitalBridge”) and IFM Investors today announced they have completed their previously announced transaction in which funds affiliated with the investment management platform of DigitalBridge and an affiliate of IFM Investors acquired all outstanding common shares of Switch, Inc. (“Switch”) for $34.25 per share in cash, or approximately $11 billion, including the repayment of outstandi...

LINCOLNSHIRE, Ill.--(BUSINESS WIRE)--The addition of ReedGroup will enable employers and employees to have a more seamless leave experience...

NEW YORK--(BUSINESS WIRE)--Z Capital Partners, L.L.C., the private equity fund management arm of Z Capital Group, L.L.C. ("ZCG"), a leading privately held merchant bank, today announced that affiliates of ZCG have acquired Universal Marine Medical Supply International (“Unimed” or the “Company”), the leading global provider of pharmaceutical and medical solutions to the maritime industry, serving both commercial and cruise end markets. Financial terms of the transaction were not disclosed. Unim...

CAMPBELL, Calif. & NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Tigo Energy, Inc. to List on NASDAQ Through Business Combination with Roth CH Acquisition IV Co....

DALLAS--(BUSINESS WIRE)--Legal Cost Control, a Generational Equity client, was acquired by Alan Gray ....

BOSTON--(BUSINESS WIRE)--GTY Technology Holdings Inc., a GI Partners portfolio company and leading provider of cloud-based solutions for the public sector, has acquired one of North America’s fastest growing public sector bid marketplaces DemandStar, to further strengthen its presence in government procurement. DemandStar will merge under GTY’s Bonfire business unit, to address growing demands by government agencies to improve supplier outreach, competition and diversity. “With the acquisition...

BEAUMONT, Texas & HOUSTON--(BUSINESS WIRE)--Infrared Cameras Holdings, Inc. (“ICI”, “Infrared Cameras” or the “Company”), a leading provider of intelligent thermal imaging platforms, and SportsMap Tech Acquisition Corp. (NASDAQ: SMAP) (“SportsMap” or “SMAP”), a publicly-traded special purpose acquisition company with about $118 million held in trust, announced today the signing of a definitive agreement for a business combination that will result in ICI becoming a public company. Upon closing o...