May 2025 | California M&A Insights
The information reflects transactions as reported, including deal descriptions, values, and statuses, but may contain gaps, such as undisclosed deal terms or financial metrics, which limit comprehensive analysis. While efforts have been made to ensure accuracy, users should consult primary sources or professional advisors for legal, financial, or strategic decisions. No warranties are made regarding the completeness or reliability of this data, and the provider assumes no liability for its use.
This Month - National Transaction Value ($bn) and Transaction Count
Targets in California
California - Transaction Value and Count by Month
California — Business Sale Overview
California’s M&A market in May 2025 showcased 121 target deals with a combined value of approximately $35.1 billion, highlighting a dynamic landscape driven by strategic expansions across technology, healthcare, and real estate sectors. Standout transactions included Salesforce, Inc.’s $8.1 billion acquisition of Informatica Inc. from Redwood City, CA, aimed at bolstering data integration capabilities, and Motorola Solutions, Inc.’s $5 billion agreement to acquire Silvus Technologies, Inc. from Los Angeles, CA, expected to close in Q3 or Q4 2025, enhancing communications technology. Other significant deals featured Danone S.A.’s acquisition of an unknown majority stake in Kate Farms, Inc. from Goleta, CA, and Private Investor’s $8.5 billion purchase of a 6.20% stake in Forty Niners Football Company LLC from Santa Clara, CA, reflecting diverse high-value interests.
The month also saw robust activity across various regions, with San Francisco leading with 13 deals, including OpenAI, L.L.C.’s $5 billion acquisition of io Products, Inc., and e.l.f. Cosmetics, Inc.’s $1 billion deal for HRBeauty LLC from Beverly Hills, CA, set to close in Q2 Fiscal 2026. Other notable moves included Zeo Energy Corp.’s $10 million agreement for Heliogen, Inc. from Pasadena, CA, and Trinity Consultants, Inc.’s acquisition of Zanjero, Inc. from Sacramento, CA, for operational enhancements. Smaller but strategic acquisitions, such as Blum Holdings, Inc.’s $0.5625 million deal for Cookies Creative Consulting & Promotions, LLC from Oakland, CA, and Peak Technology Enterprises, Inc.’s purchase of Jinxbot 3D Printing, LLC from Mountain View, CA, underscored a mix of innovation and consolidation. This activity cements California’s status as a prime hub for high-stakes M&A, particularly in tech and sports-related investments.
California — Strategic vs. Sponsor-led Activity
California — X / Y Plot By Sector
California — M&A Segmentation
California — Sector Breakdown
Second Level Primary Industry Breakdown
California M&A Deal Summaries — Business Sale Activity for M&A Targets
The following transactions represent M&A activity where the target entity is headquartered in described geography, in line with the traditional reporting on target M&A deal volume and metrics captured in the charts and conventional analysis above.
1. BioChain Institute Inc. (05/01/2025)
• CellBio Scientific, acquired BioChain Institute Inc. on May 1, 2025 from Newark, CA, maintaining its headquarters and leadership team to support ongoing operations.
2. CFS International Inc. (05/01/2025)
• Willis Towers Watson Public Limited Company, acquired C.F.S. International Inc. on May 1, 2025 from Irvine, CA.
3. CIII Insurance Services (05/01/2025)
• COVU, Inc., acquired CIII Insurance Services on May 1, 2025 from Concord, CA, shifting operations to a remote-first infrastructure for AI-supported growth.
4. Gold Arc, Inc. (05/01/2025)
• Overhead Door Corporation, acquired Gold Arc, Inc. on May 1, 2025 from Pomona, CA, with Pasco Doors continuing to operate under their existing name as part of Door Services Corporation a division of Overhead Door Corporation.
5. InformXR Inc (05/01/2025)
• ABXR Labs, Inc., acquired InformXR on May 1, 2025 from La Mirada, CA, with Dan Kuykendall, Founder of InformXR and serial entrepreneur, joining ArborXR along with his entire engineering and data science team.
6. Kronos Bio, Inc. (05/01/2025)
• Concentra Biosciences, LLC, acquired Kronos Bio, Inc. on May 1, 2025 from San Mateo, CA, for $35 million, including a $0.57 per share cash offer and contingent value rights, with completion expected mid-2025.
7. M Love Vintage Holdings Inc. (05/01/2025)
• Arowana Media Holdings, Inc., acquired M Love Vintage Holdings Inc. on May 1, 2025 from Beverly Hills, CA, issuing 1,000,000 Convertible Series N Preferred Shares with specific allocation terms.
8. Postal.io, Inc. (05/01/2025)
• Sender, Inc., acquired Postal.io, Inc. on May 1, 2025 from San Luis Obispo, CA.
9. Power Systems Testing Co. (05/01/2025)
• Integrated Power Services, LLC, acquired Power Systems Testing Co. on May 1, 2025 from Livermore, CA, with PST maintaining its headquarters in Northern California and two additional locations.
10. Sonoma Media Investments, LLC (05/01/2025)
• MediaNews Group, Inc., acquired Sonoma Media Investments, LLC on May 1, 2025 from Santa Rosa, CA.
11. Sutro Labs Inc. (05/01/2025)
• Fivetran Inc., acquired Sutro Labs Inc. on May 1, 2025 from San Francisco, CA, funding it with cash and equity, subject to customary closing conditions.
12. Welch & Company, A Division of SingerLewak (05/01/2025)
• SingerLewak LLP, acquired Welch & Co. on May 1, 2025 from Torrance, CA, with Welch & Co. retaining its name as a division.
13. SWorx Bottling Company (05/02/2025)
• Urban Television Network Corporation, acquired SWorx Bottling Company on May 2, 2025 from Colton, CA.
14. Behavior Frontiers, LLC (05/05/2025)
• NexPhase Capital, LP, acquired Behavior Frontiers, LLC on May 5, 2025 from El Segundo, CA, with NexPhase Operating Partners supporting continued growth under current management.
15. Celerative, Inc. (05/05/2025)
• Revelo Talent Corp, acquired Celerative on May 5, 2025 from San Francisco, CA.
16. Eppo Data, Inc. (05/05/2025)
• Datadog, Inc., acquired Eppo Data, Inc. on May 5, 2025 from San Francisco, CA, for estimated $220 million, with Eppo continuing to support customers.
17. JetBlue Technology Ventures (05/05/2025)
• Sky Leasing LLC, Investment Arm, acquired JetBlue Technology Ventures on May 5, 2025 from San Francisco, CA, with the JetBlue Ventures brand retained under a licensing agreement.
18. Liftoff Mobile, Inc. (05/05/2025)
• General Atlantic Service Company, L.P., acquired Liftoff Mobile, Inc. on May 5, 2025 from Redwood City, CA, signing an agreement for an unknown minority stake valuing it at $4.3 billion, with Blackstone remaining the majority shareholder.
19. MainStreet Work, Inc. (05/05/2025)
• Recruiter.com Ventures Inc., acquired MainStreet Work, Inc. on May 5, 2025 from San Jose, CA.
20. Skechers U.S.A., Inc. (05/05/2025)
• 3G Capital, Inc., acquired Skechers U.S.A., Inc. on May 4, 2025 from Manhattan Beach, CA, entering into an Agreement and Plan of Merger for $9.7 billion, subject to customary closing conditions.
21. Validator Business Of Solana Foundation (05/05/2025)
• DeFi Development Corp., acquired Validator business of Solana foundation on May 1, 2025 from not specified, CA, entering into definitive agreement for $3.5 million.
22. Vidurama, Inc. (05/05/2025)
• Weave Communications, Inc., acquired Vidurama, Inc. on May 4, 2025 from Palo Alto, CA, signing an agreement and plan of merger for $35 million, with completion expected in Q2 2025.
23. Ascendient LLC (05/06/2025)
• Accenture plc, acquired Ascendient Learning on May 6, 2025 from San Francisco, CA, including a team of nearly 75 professionals.
24. D4RKW3B (05/06/2025)
• 101334 Ltd, acquired D4RKW3B on May 6, 2025 from Los Angeles, CA, with Thomas Unise staying on as a strategic adviser through 2026.
25. Emerge Tools, Inc. (05/06/2025)
• Functional Software, Inc., acquired Emerge Tools, Inc. on May 6, 2025 from Santa Monica, CA.
26. LifeRaft Insurance Services, LLC (05/06/2025)
• Vitable, Inc., acquired LifeRaft Insurance Services, LLC on May 6, 2025 from San Francisco, CA.
27. Pro-Pipe Services, LLC (05/06/2025)
• Shenandoah Industrial Solutions, LLC, acquired Pro-Pipe Services, LLC on May 6, 2025 from Irvine, CA.
28. Real Dynamics LLC (05/06/2025)
• Argano LLC, acquired Real Dynamics LLC on May 6, 2025 from Newport Beach, CA.
29. Requestly (05/06/2025)
• BrowserStack Inc., acquired Requestly on May 6, 2025 from San Francisco, CA.
30. SpearMC Management Consulting, Inc. (05/06/2025)
• Mythics, LLC, acquired SpearMC Management Consulting, Inc. on May 6, 2025 from Pleasanton, CA.
31. Viper Holdings Corporation (05/06/2025)
• Harman International Industries, Incorporated, acquired Viper Holdings Corporation on May 6, 2025 from Carlsbad, CA, entering into a definitive agreement for $350 million, subject to certain adjustments.
32. VitroLabs, Inc. (05/06/2025)
• FairCraft, acquired VitroLabs, Inc. on the week of May 6, 2025 from Milpitas, CA, including more than 30 international patents focused on skin structure cultivation.
33. Capella Space Corp. (05/07/2025)
• IonQ, Inc., acquired Capella Space Corp. on May 7, 2025 from San Francisco, CA, entering into a definitive agreement for approximately $310 million, subject to customary closing conditions.
34. Dale Hardware, Inc. (05/07/2025)
• Westlake Hardware, Inc., acquired Dale Hardware, Inc. on May 7, 2025 from Fremont, CA, to be rebranded as Ace Hardware of Fremont, with completion expected by July 28, 2025.
35. Inglewood Express Car Wash (05/07/2025)
• LUV Car Wash, acquired Inglewood Express Car Wash on May 7, 2025 from Inglewood, CA, bringing the total number of LUV Car Wash locations to 77 nationwide.
36. Intrinsyx Research Corporation (05/07/2025)
• Syngenta Crop Protection AG, acquired Intrinsyx Research Corporation on May 7, 2025 from Sunnyvale, CA.
37. LifeRaft Risk Technologies, Inc. (05/07/2025)
• Vitable, Inc., acquired LifeRaft Risk Technologies, Inc. on May 7, 2025 from West Hollywood, CA.
38. Newput Inc. (05/07/2025)
• Ccube, Inc, acquired Newput Corp. on May 7, 2025 from Sunnyvale, CA, operating it as a subsidiary under the Ccube brand.
39. Pattern Insurance Services Inc. (05/07/2025)
• PassportCard Europe GmbH, acquired Pattern Insurance Services Inc. on May 7, 2025 from Los Altos, CA.
40. Prive Technologies Inc. (05/07/2025)
• Recurly, Inc., acquired Prive Technologies Inc. on May 7, 2025 from San Francisco, CA, rebranding it as Recurly Commerce with co-founders as advisors.
41. Redfast, Inc. (05/07/2025)
• Recurly, Inc., acquired Redfast, Inc. on May 7, 2025 from Santa Clara, CA, rebranding it as Recurly Engage with Rajeev Raman joining.
42. Regents Dental Group (05/08/2025)
• Straine Dental Management, LLC, acquired Regents Dental Group on May 8, 2025 from La Jolla, CA.
43. Sort XYZ, Inc. (05/08/2025)
• Plane Software Labs Private Limited, acquired Sort XYZ, Inc. on May 8, 2025 from San Francisco, CA.
44. StoryFire, Inc. (05/08/2025)
• Business Debt Adjusters, LLC, acquired StoryFire, Inc. on May 8, 2025 from Los Angeles, CA, marking the launch of Flashy Social.
45. Employer Driven Insurance Services, Inc. (05/12/2025)
• OCA Benefit Services, LLC, acquired Employer Driven Insurance Services, Inc. on May 12, 2025 from Visalia, CA, with Stacy Morris remaining as President.
46. Intercare Holdings, Inc. / George Hills Company, Inc. (05/12/2025)
• Avondale Risk, acquired Intercare Holdings Inc. / George Hills Company, Inc. on May 12, 2025 from Redding, CA, with Lowell Hays appointed as CEO.
47. Jadtec Security Services, Inc. (05/12/2025)
• Post Alarm Systems, Inc., acquired Jadtec Security Services, Inc. on May 12, 2025 from Orange, CA.
48. Kate Farms, Inc. (05/12/2025)
• Danone S.A., acquired Kate Farms, Inc. on May 12, 2025 from Goleta, CA, entering into a definitive agreement for an unknown majority stake, with Brett Matthews as Chairman and CEO.
49. Mountain Treasure Holdings, LLC (05/12/2025)
• Nightfood Holdings, Inc., acquired Mountain Treasure Holdings, LLC on May 12, 2025 from Rancho Mirage, CA, signing a letter of intent for $36.9 million, subject to certain conditions.
50. PTS Advance LLC (05/12/2025)
• Morson Group Limited, acquired PTS Advance on May 12, 2025 from Tustin, CA.
51. Lindbrook Capital, LLC (05/13/2025)
• HighTower Advisors, LLC, acquired Lindbrook Capital, LLC on May 13, 2025 from Calabasas, CA, for an unknown minority stake.
52. MediaPlatform, Inc. (05/13/2025)
• Brandlive Inc., acquired MediaPlatform, Inc. on May 13, 2025 from North Hollywood, CA.
53. myPlace Health (05/13/2025)
• SCAN Group, acquired myPlace Health on May 13, 2025 from Los Angeles, CA, acquiring the remaining minority stake for full ownership.
54. Nielsen Citrus Products Co. Inc. (05/13/2025)
• Polenghi Group S.P.A., acquired Nielsen Citrus Products Co. Inc. on May 13, 2025 from Huntington Beach, CA, for an 80% stake.
55. Opus Security Inc. (05/13/2025)
• Orca Security Ltd., acquired Opus Security Inc. on May 13, 2025 from Palo Alto, CA.
56. Padre Associates, Inc. (05/13/2025)
• True Environmental, Inc., acquired Padre Associates, Inc. on May 13, 2025 from Ventura, CA.
57. Ponton Industries, Inc. (05/13/2025)
• Kele, Inc., acquired Ponton Industries, Inc. on May 13, 2025 from Yorba Linda, CA.
58. True Religion Apparel, Inc. (05/13/2025)
• Borletti Group S.C.A., acquired True Religion Apparel, Inc. on May 13, 2025 from Gardena, CA, for an unknown minority stake.
59. XYPRO Technology Corporation (05/13/2025)
• Partner One Capital, acquired XYPRO Technology Corporation on May 13, 2025 from Simi Valley, CA.
60. A DOZEN COUSINS, LLC (05/14/2025)
• Verde Valle Foods, Inc., acquired A DOZEN COUSINS, LLC on May 14, 2025 from Marina Del Rey, CA, with Founder and CEO Ibraheem Basir joining the acquirer.
61. Aeva Technologies, Inc. (05/14/2025)
• Undisclosed Buyer, acquired Aeva Technologies, Inc. on May 14, 2025 from Mountain View, CA, agreeing to a 6% stake for $50 million.
62. Bentek Corporation (05/14/2025)
• Nextracker Inc., acquired Bentek Corporation on May 14, 2025 from San Jose, CA, for $78 million including future contingent earnout consideration.
63. MMR Strategy Group (05/14/2025)
• IMS Legal Strategies, acquired MMR Strategy Group on May 14, 2025 from Encino, CA.
64. Neon, Inc. (05/14/2025)
• Databricks, Inc., acquired Neon, Inc. on May 14, 2025 from Menlo Park, CA, agreeing to acquire the remaining stake for $1 billion, subject to customary conditions.
65. Refuel.ai, Inc. (05/14/2025)
• Together Computer, Inc., acquired Refuel.ai, Inc. on May 14, 2025 from San Francisco, CA.
66. Rowboat Advisors, Inc. (05/14/2025)
• Betterment LLC, acquired Rowboat Advisors, Inc. on May 14, 2025 from Menlo Park, CA.
67. Schachtel Corporation (05/14/2025)
• Smart Source Critical Communications, LLC, acquired Schachtel Corporation on May 14, 2025 from Agoura Hills, CA.
68. SocialWise, Inc. (05/14/2025)
• Ignite Visibility LLC, acquired SocialWise, Inc. on May 14, 2025 from Irvine, CA, with financing from Capital Southwest Corporation.
69. Cogbase, Inc. (05/15/2025)
• Cofactr Inc., acquired Cogbase, Inc. on May 15, 2025 from Redwood City, CA, with CEO and Co-Founder Doug Platz joining as Head of Supplier Network.
70. Stead, Inc. (05/15/2025)
• 1848 Ventures, LLC, acquired Stead, Inc. on May 15, 2025 from San Leandro, CA, with founders Jateen Parekh and Adam Kay joining the acquirer’s team.
71. Boys & Girls Clubs of Contra Costa (05/16/2025)
• Boys & Girls Clubs Of Silicon Valley, acquired Boys & Girls Clubs of Contra Costa on May 16, 2025 from El Sobrante, CA, operating as one entity under the BGCSV board.
72. Cookies Creative Consulting & Promotions, LLC (05/16/2025)
• Blum Holdings, Inc., acquired Cookies Creative Consulting & Promotions, LLC on May 16, 2025 from Oakland, CA, entering into a binding term sheet for $0.5625 million, expected to close in Q3 2025.
73. Forty Niners Football Company LLC (05/16/2025)
• Private Investor, acquired Forty Niners Football Company LLC on May 16, 2025 from Santa Clara, CA, agreeing to a 6.20% stake for $8.5 billion.
74. Knox Medical Diagnostics, Inc. (05/16/2025)
• Huma Therapeutics Limited, acquired Knox Medical Diagnostics, Inc. on May 16, 2025 from San Francisco, CA.
75. Excellicon, Inc. (05/19/2025)
• Siemens Product Lifecycle Management Software Inc., acquired Excellicon on May 19, 2025 from Laguna Hills, CA, with the transaction expected to close in a few weeks.
76. Yola, Inc. (05/19/2025)
• NetNation Communications Inc., acquired Yola, Inc. on May 19, 2025 from San Francisco, CA, continuing to operate as a distinct brand within the NetNation portfolio.
77. Bloomer Inc. (05/20/2025)
• Match Group, Inc., acquired Bloomer Inc. on May 20, 2025 from San Francisco, CA.
78. Chargers Football Company, LLC (05/20/2025)
• Arctos Partners LP, acquired Chargers Football Company, LLC on May 20, 2025 from El Segundo, CA, agreeing to an 8% stake.
79. COMQUEST Osteopathic Specialists, LLC (05/20/2025)
• TrueLearn, LLC, acquired COMQUEST Osteopathic Specialists, LLC on May 20, 2025 from Tarzana, CA.
80. Los Angeles Chargers (05/20/2025)
• Arctos Sports Partners Access LLC, acquired Los Angeles Chargers on May 20, 2025 from El Segundo, CA, for an 8% stake for approximately $408 million.
81. Mule claims (05/20/2025)
• Stronghold Silver USA Corp., acquired mule claims on May 20, 2025 from not specified, CA, for $0.250 million, subject to TSX Venture Exchange approval.
82. NueHee, Inc. (05/20/2025)
• KARE PharmTech, LLC, acquired NueHee on May 20, 2025 from Lancaster, CA.
83. Stitch (05/20/2025)
• Google LLC, acquired Galileo AI, Inc. on May 20, 2025 from Mountain View, CA.
84. VACCO Industries, Inc. (05/20/2025)
• RBC Bearings Incorporated, acquired VACCO Industries, Inc. on May 20, 2025 from South El Monte, CA, entering into a definitive agreement for $310 million, expected to close in summer 2025.
85. Alto Pharmacy, LLC (05/21/2025)
• LetsGetChecked Inc., acquired Alto Pharmacy, LLC on May 21, 2025 from San Francisco, CA.
86. Captiv8 Inc. (05/21/2025)
• Publicis Groupe S.A., acquired Captiv8 Inc. on May 21, 2025 from San Francisco, CA.
87. Dorian Therapeutics, Inc. (05/21/2025)
• Altos Labs, Inc., acquired Dorian Therapeutics, Inc. on May 21, 2025 from San Carlos, CA.
88. ecoSolargy Inc. (05/21/2025)
• EcoGen America, LLC, acquired ecoSolargy Inc. on May 21, 2025 from Irvine, CA.
89. Halo Labs (05/21/2025)
• Waters Corporation, acquired Halo Labs on May 21, 2025 from Burlingame, CA.
90. io Products, Inc. (05/21/2025)
• OpenAI, L.L.C., acquired IO Products on May 21, 2025 from San Francisco, CA, agreeing to acquire the remaining 77% stake for $5 billion, pending regulatory approval.
91. Ocean Honda (05/21/2025)
• Morgan Auto Group, LLC, acquired Ocean Honda on May 21, 2025 from Soquel, CA, to operate under the name Honda of Port Richey.
92. Optofluidics, Inc. (05/21/2025)
• Waters Corporation, acquired Optofluidics, Inc. on May 21, 2025 from Burlingame, CA.
93. Pillar Wealth Management, LLC (05/21/2025)
• The Mather Group, LLC, acquired Pillar Wealth Management, LLC on May 21, 2025 from Walnut Creek, CA.
94. Industrial Property consisting of 5 Buildings located in the Los Angeles Area (05/22/2025)
• Undisclosed Buyer, acquired Industrial property located in Commerce, California on May 22, 2025 from not specified, CA, for approximately $97 million.
95. International Battery Company, Inc. (05/22/2025)
• Himadri Speciality Chemical Limited, acquired International Battery Company, Inc. on May 22, 2025 from Milpitas, CA, agreeing to a 16.24% stake for $4.4 million, expected to close within 30 days.
96. Golden Star Trading, Inc. (05/22/2025)
• Kusha, Inc., acquired Golden Star Trading, Inc. on May 22, 2025 from Torrance, CA, entering into an agreement for a 49% stake for $15 million, expected to close within 30 days.
97. Jinxbot 3D Printing, LLC (05/23/2025)
• Peak Technology Enterprises, Inc., acquired Jinxbot 3D Printing, LLC on May 23, 2025 from Mountain View, CA.
98. Phyn, LLC (05/23/2025)
• Phyn Holdings, Inc., acquired Phyn, LLC on May 23, 2025 from Torrance, CA, for $24.9 million.
99. Phyn, LLC (05/23/2025)
• Private Investor, acquired Phyn, LLC on May 23, 2025 from Torrance, CA.
100. ENOSEMI, INC. (05/23/2025)
• Advanced Micro Devices, Inc., acquired ENOSEMI, INC. on May 23, 2025 from Los Gatos, CA.
101. Informatica Inc. (05/26/2025)
• Salesforce, Inc., acquired Informatica Inc. on May 26, 2025 from Redwood City, CA, entering into an agreement for approximately $8.1 billion, expected to close early in Salesforce’s fiscal year 2027.
102. Marketing Plus (05/27/2025)
• HYPHEN, acquired Marketing Plus on May 27, 2025 from Fresno, CA, with operations transitioning to the HYPHEN brand by July 1.
103. MeliBio, Inc. (05/27/2025)
• FoodYoung Labs SA, acquired MeliBio, Inc. on May 27, 2025 from Oakland, CA, acquiring the Mellody plant-based honey brand and ‘Generation 1’ technology.
104. Mighty, a(n) Limited Liability Company (05/27/2025)
• Just Drive Media LLC, acquired Mighty on May 27, 2025 from San Francisco, CA, with four team members joining the acquirer.
105. RailPros, Inc. (05/27/2025)
• Littlejohn & Co., LLC, acquired RailPros, Inc. on May 27, 2025 from Irving, CA.
106. San Diego Applied Behavior Analysis, LLC (05/27/2025)
• Alongside ABA, acquired San Diego Applied Behavior Analysis, LLC on May 27, 2025 from La Mesa, CA.
107. Silvus Technologies, Inc. (05/27/2025)
• Motorola Solutions, Inc., acquired Silvus Technologies, Inc. on May 27, 2025 from Los Angeles, CA, signing a definitive agreement for $5 billion, expected to close in Q3 or Q4 2025.
108. SiteOne Therapeutics, Inc. (05/27/2025)
• Eli Lilly and Company, acquired SiteOne Therapeutics, Inc. on May 27, 2025 from South San Francisco, CA, agreeing to acquire it for $1 billion, subject to customary closing conditions.
109. Zanjero, Inc (05/27/2025)
• Trinity Consultants, Inc., acquired Zanjero, Inc on May 27, 2025 from Sacramento, CA, operating it as a business unit within Trinity's Water & Ecology division.
110. Boelzner & Associates Insurance Services Inc. (05/28/2025)
• Inszone Insurance Services, Inc, acquired Boelzner & Associates Insurance Services Inc. on May 28, 2025 from Palm Desert, CA.
111. HRBeauty LLC (05/28/2025)
• e.l.f. Cosmetics, Inc., acquired HRBeauty LLC on May 28, 2025 from Beverly Hills, CA, signing a definitive agreement for $1 billion, expected to close in Q2 Fiscal 2026.
112. Joule, Inc. (05/28/2025)
• Inspectify, Inc., acquired Joule, Inc. on May 28, 2025 from Los Angeles, CA, with the platform approved by the Department of Energy.
113. Moesif, Inc. (05/28/2025)
• WSO2 LLC, acquired Moesif, Inc. on May 28, 2025 from San Francisco, CA, operating it as an independent subsidiary under WSO2’s API Management Business Unit.
114. Shimento Inc. (05/28/2025)
• Waverly Technologies LLC, acquired Shimento Inc on May 28, 2025 from Pleasanton, CA, forming ShimentoX as an AI-led services company.
115. The Crème Shop, Inc. (05/29/2025)
• LG H&H Co., Ltd., acquired the remaining 35% stake in The Crème Shop, Inc. on May 29, 2025 from Los Angeles, CA, for KRW 91.9 billion.
116. Churchill Management Corp. (05/29/2025)
• Focus Partners Wealth, LLC, acquired Churchill Management Corp. on May 29, 2025 from Los Angeles, CA, agreeing to operate as a division before transitioning.
117. DAC International, Inc. (05/29/2025)
• Addtronics, LLC, acquired DAC International, Inc. on May 29, 2025 from Carpinteria, CA, with Ken Payne continuing to lead.
118. Heliogen, Inc. (05/29/2025)
• Zeo Energy Corp., acquired Heliogen, Inc. on May 29, 2025 from Pasadena, CA, entering into a definitive agreement for $10 million, expected to close in Q3 2025.
119. Rail Assets of Wells Fargo & Co. (05/29/2025)
• Investor Group, acquired Rail Assets of Wells Fargo & Company on May 29, 2025 from not specified, CA, for $4.4 billion, expected to close in Q1 2026.
120. Spotlight Ticket Management, Inc. (05/29/2025)
• Valeas Capital Partners Management LP, acquired Spotlight Ticket Management, Inc. on May 29, 2025 from Calabasas, CA, agreeing to an unknown majority stake, expected to close in June 2025.
121. Strata Landscape Services (05/29/2025)
• Align Capital Partners, LP, acquired Strata Landscape Services on May 29, 2025 from Whittier, CA, for an unknown stake.
122. Stratodesk Corporation (05/30/2025)
• IGEL Technology GmbH, acquired Stratodesk Corporation on May 30, 2025 from San Francisco, CA.
123. NG Wealth Advisors, Inc. (05/31/2025)
• Beacon Pointe Advisors, LLC, acquired Ng Wealth Advisors, Inc. on May 31, 2025 from Pleasant Hill, CA, integrating it into the firm's Bay Area presence.
Buyers in California
The following transactions represent M&A activity where the acquiring entity is headquartered in described geography, distinct from the traditional reporting on target M&A deal volume and metrics captured in the charts and conventional analysis above.
California M&A Deal Summaries — Business Sale Activity for M&A Buyers
1. 210,000-square-foot Class A office property in Walnut Creek, California (05/01/2025)
• Peninsula Land & Capital, LLC, in San Francisco, CA, acquired 210,000-square-foot Class A office property in Walnut Creek, California on May 1, 2025 for $22.5 million, strengthening its commercial real estate holdings.
2. 155-unit senior living community located in Chula Vista, California (05/01/2025)
• IRA Capital, LLC, in Los Angeles, CA, acquired 155-unit senior living community located in Chula Vista, California on May 1, 2025, enhancing its senior housing portfolio.
3. Assets of Engle & Associates Insurance Brokers, Inc. (05/01/2025)
• Relation Insurance Services, Inc., in Santa Rosa, CA, acquired Assets of Engle & Associates Insurance Brokers, Inc. on May 1, 2025, with owners Scott and Jayne Engle Allen continuing to lead for personalized service.
4. BioChain Institute Inc. (05/01/2025)
• CellBio Scientific, in Santa Clara, CA, acquired BioChain Institute Inc. on May 1, 2025 from Newark, CA, maintaining its headquarters and leadership team to support ongoing operations.
5. BuilderFax Inc. (05/01/2025)
• Lumberfi Inc., in San Francisco, CA, acquired BuilderFax Inc. on May 1, 2025 from Westcliffe, CO, expanding its construction data services.
6. CIII Insurance Services (05/01/2025)
• COVU, Inc., in San Francisco, CA, acquired CIII Insurance Services on May 1, 2025 from Concord, CA, shifting operations to a remote-first infrastructure for AI-supported growth.
7. Clearwater Chemicals, Inc. (05/01/2025)
• Hasa, Inc., in Santa Clarita, CA, acquired Clearwater Chemicals, Inc. on May 1, 2025 from Houston, TX, expanding its chemical product offerings.
8. Copperwynd Financial, LLC (05/01/2025)
• Lido Advisors, LLC, in Los Angeles, CA, acquired Copperwynd Financial, LLC on May 1, 2025 from Scottsdale, AZ, broadening its financial advisory network.
9. D. R. Payne & Associates, Inc. (05/01/2025)
• Marshall & Stevens Incorporated, in Los Angeles, CA, acquired D. R. Payne & Associates, Inc. on May 1, 2025 from Oklahoma City, OK, retaining its leadership team for continued engagements.
10. Frndly TV, Inc. (05/01/2025)
• Roku, Inc., in San Jose, CA, agreed to acquire Frndly TV, Inc. on May 1, 2025 from Denver, CO for $185 million, expected to close in Q2 2025 to boost its streaming platform.
11. Hotel Equities, Inc. (05/01/2025)
• Springboard Hospitality, in Los Angeles, CA, acquired Hotel Equities, Inc. on May 1, 2025 from Alpharetta, GA, enhancing its hospitality management services.
12. Kronos Bio, Inc. (05/01/2025)
• Concentra Biosciences, LLC, in San Diego, CA, entered into a definitive merger agreement to acquire Kronos Bio, Inc. on May 1, 2025 from San Mateo, CA for $35 million, including a $0.57 per share cash offer and contingent value rights, completed on June 20, 2025.
13. LJ Insurance, Inc. (05/01/2025)
• Inszone Insurance Services, Inc, in Rancho Cordova, CA, acquired LJ Insurance, Inc. on May 1, 2025 from Keokuk, IA, integrating it into its insurance service network.
14. Postal.io, Inc. (05/01/2025)
• Sender, Inc., in San Francisco, CA, acquired Postal.io, Inc. on May 1, 2025 from San Luis Obispo, CA, expanding its direct mail marketing capabilities.
15. Sugar Auto Parts, Inc (05/01/2025)
• APPlife Digital Solutions, Inc., in Los Angeles, CA, agreed to acquire Sugar Auto Parts, Inc on May 1, 2025 from Las Vegas, NV, issuing 240 million common shares and preferred stock, completed on June 13, 2025.
16. Supersocial, Inc. (05/01/2025)
• Super League Enterprise, Inc., in Santa Monica, CA, acquired Supersocial, Inc. Capital on May 1, 2025 from Brooklyn, NY, enhancing its gaming and social media engagement platform.
17. Sutro Labs Inc. (05/01/2025)
• Fivetran Inc., in Oakland, CA, agreed to acquire Sutro Labs Inc. on May 1, 2025 from San Francisco, CA, funding it with cash and equity to integrate its data activation team, subject to closing conditions.
18. Telone (05/01/2025)
• TriCal Soil Solutions, Inc., in Hollister, CA, acquired Telone on May 1, 2025 from Dow Inc. for $120 million, expanding its agricultural chemical portfolio.
19. Upped Events, Inc. (05/01/2025)
• Events.com, Inc., in San Diego, CA, acquired Upped Events, Inc on May 1, 2025 from Philadelphia, PA, strengthening its event management services.
20. VirtuOx, Inc. (05/01/2025)
• ResMed Inc., in San Diego, CA, acquired VirtuOx, Inc. on May 1, 2025 from Coral Springs, FL, operating it as a subsidiary with the leadership team intact.
21. Welch & Company, A Division of SingerLewak (05/01/2025)
• SingerLewak LLP, in Los Angeles, CA, acquired Welch & Co. on May 1, 2025 from Torrance, CA, retaining its name as a division for continued accounting services.
22. Wynshop Inc. (05/01/2025)
• Maplebear Inc., in San Francisco, CA, acquired Wynshop Inc. on May 1, 2025 from Fort Lauderdale, FL, initially operating it as a subsidiary under Instacart.
23. Assets of San Jose Distribution Services, Inc. (05/02/2025)
• PRISM Team Services, Inc., in Santa Clara, CA, acquired Assets from San Jose Distribution Services, Inc. on May 2, 2025, following the sellers' retirement and closure.
24. SWorx Bottling Company (05/02/2025)
• Urban Television Network Corporation, in Los Angeles, CA, acquired SWorx Bottling Company on May 2, 2025 from Colton, CA, expanding its media and production assets.
25. Agama Glass Technologies (05/05/2025)
• Abrisa Technologies, in Santa Paula, CA, acquired Agama Glass Technologies on May 5, 2025 from Clarksburg, WV, enhancing its glass technology offerings.
26. Key Assets of A. Lava & Son Co. (05/05/2025)
• Enriquez Materials & Quilting, Inc., in San Diego, CA, acquired Key Assets from A. Lava & Son LLC on May 5, 2025, strengthening its material supply chain.
27. MainStreet Work, Inc. (05/05/2025)
• Recruiter.com Ventures Inc., in Los Angeles, CA, acquired MainStreet Work, Inc. on May 5, 2025 from San Jose, CA, bolstering its recruitment technology platform.
28. Monstercat Inc. (05/05/2025)
• Create Music Group, Inc., in Los Angeles, CA, acquired Monstercat Inc. on May 5, 2025 from Vancouver, Canada, allowing it to operate independently under its current leadership.
29. SIGMA Tactical Wellness (05/05/2025)
• TeleMed2U Inc., in San Francisco, CA, acquired SIGMA Tactical Wellness on May 5, 2025 from Kempner, TX, expanding its telemedicine services.
30. BellSant, Inc. (05/06/2025)
• GHOAT LLC, in San Francisco, CA, acquired BellSant, Inc. on May 6, 2025 from Washington, DC, integrating it into its operations.
31. Emerge Tools, Inc. (05/06/2025)
• Functional Software, Inc., in San Francisco, CA, acquired Emerge Tools, Inc. on May 6, 2025 from Santa Monica, CA, enhancing its software development tools.
32. Nine Bakeries of Nothing Bundt Cakes Franchising, LLC (05/06/2025)
• FS Investors LLC, in Los Angeles, CA, acquired Nine Bakeries of Nothing Bundt Cakes Franchising, LLC on May 6, 2025, signing a development agreement for 16 additional bakeries in San Diego.
33. Requestly (05/06/2025)
• BrowserStack Inc., in San Francisco, CA, acquired Requestly on May 6, 2025 from San Francisco, CA, expanding its software testing capabilities.
34. SevenRooms Inc. (05/06/2025)
• DoorDash, Inc., in San Francisco, CA, entered into an agreement to acquire SevenRooms Inc. on May 6, 2025 from New York, NY for $1.2 billion, expected to close in H2 2025.
35. TurningPoint Executive Search Inc/Collabrie (05/06/2025)
• Ascentria Search Partners, in Irvine, CA, acquired TurningPoint Executive Search Inc and Collabrie on May 6, 2025, integrating them into its recruitment services.
36. WISE Risk, Inc. (05/06/2025)
• Reel Media, LLC, in Los Angeles, CA, acquired WISE Risk, Inc. on May 6, 2025 from Needham, MA, with VP Lindsey Harris and Steve Perlini continuing in their roles.
37. Azzur Consulting (05/07/2025)
• Kinsale Holdings, Inc., in Irvine, CA, acquired Azzur Consulting on May 7, 2025 from Willow Grove, PA, enhancing its consulting services.
38. data.world, Inc. (05/07/2025)
• ServiceNow, Inc., in Santa Clara, CA, signed a definitive agreement to acquire data.world, Inc. on May 7, 2025 from Austin, TX, aiming to improve data management solutions.
39. Newput Inc. (05/07/2025)
• Ccube, Inc, in San Jose, CA, acquired Newput Corp. on May 7, 2025 from Sunnyvale, CA, operating it as a subsidiary under the Ccube brand for AI consulting.
40. Prive Technologies Inc. (05/07/2025)
• Recurly, Inc., in San Francisco, CA, acquired Prive Technologies Inc. on May 7, 2025 from San Francisco, CA, rebranding it as Recurly Commerce with founders as advisors.
41. Redfast, Inc. (05/07/2025)
• Recurly, Inc., in San Francisco, CA, acquired Redfast, Inc. on May 7, 2025 from Santa Clara, CA, rebranding it as Recurly Engage with Rajeev Raman joining the team.
42. Hall of Fame Resort & Entertainment Company (05/07/2025)
• Industrial Realty Group, LLC, in Los Angeles, CA, entered into a merger agreement to acquire a 77.85% stake in Hall of Fame Resort & Entertainment Company on May 7, 2025 from Canton, OH for $4.9 million, expecting to close in Q3 2025.
43. Glow Labs Co. (05/08/2025)
• Xsolla (USA), Inc., in Sherman Oaks, CA, acquired Glow Labs Co. on May 8, 2025 from New York, NY, expanding its gaming monetization services.
44. Portfolio of 76 apartment buildings across San Francisco and Oakland (05/08/2025)
• PCCP, LLC, in Los Angeles, CA, acquired Portfolio of 76 apartment buildings across San Francisco and Oakland on May 8, 2025 from Veritas Investments, Inc. and Ivanhoe Cambridge, Inc. for $540 million, financed with $430 million in senior debt.
45. Regents Dental Group (05/08/2025)
• Straine Dental Management, LLC, in Irvine, CA, acquired Regents Dental Group on May 8, 2025 from La Jolla, CA, expanding its dental management network.
46. The Parc at Pruneyard and Revere Campbell in Campbell, California (05/08/2025)
• Essex Property Trust, Inc., in San Mateo, CA, acquired The Parc at Pruneyard and Revere Campbell in Campbell, California on May 8, 2025 from Land and Houses U.S.A., Inc. for $240 million, recognizing a $21.47 million profit.
47. three Express Oil Change & Tire Engineers properties in Georgia (05/08/2025)
• Four Corners Property Trust, Inc., in Mill Valley, CA, acquired three Express Oil Change & Tire Engineers properties in Georgia on May 8, 2025 for $9.5 million, enhancing its retail property portfolio.
48. Two Last-Mile Industrial Distribution Assets in Missouri and North Carolina (05/08/2025)
• Cove Capital Investments, LLC, in San Diego, CA, acquired Two Last-Mile Industrial Distribution Assets in Missouri and North Carolina on May 8, 2025, finalizing its Essential Net Lease Portfolio 89 DST offering.
49. Jadtec Security Services, Inc. (05/12/2025)
• Post Alarm Systems, Inc., in Los Angeles, CA, acquired Jadtec Security Services, Inc. on May 12, 2025 from Orange, CA, strengthening its security services network.
50. CreditSnap Inc. (05/12/2025)
• SavvyMoney, Inc., in Irvine, CA, acquired CreditSnap Inc. on May 12, 2025 from San Antonio, TX, expanding its financial technology services.
51. Certain Tower Assets of Altice USA, Inc. (05/12/2025)
• Grande Towers, LLC, in San Francisco, CA, signed a definitive agreement to acquire Certain Tower Assets of Altice USA, Inc. on May 12, 2025, expecting to close in Q3 2025.
52. Landsea Homes Corporation (05/12/2025)
• The New Home Company Inc., in Walnut Creek, CA, entered into a definitive agreement to acquire Landsea Homes Corporation on May 12, 2025 from Dallas, TX for $430 million, completed on June 24, 2025 with $650 million in new equity.
53. Mountain Protocol Limited (05/12/2025)
• Anchor Labs, Inc., in San Francisco, CA, signed a definitive agreement to acquire Mountain Protocol Limited on May 12, 2025 from Pembroke, Bermuda, subject to closing conditions and regulatory approval.
54. Parker Management LLC (05/12/2025)
• Propagate Content LLC, in Los Angeles, CA, acquired Parker Management LLC on May 12, 2025 from Portland, OR, continuing operations under its existing brand.
55. Cookies Creative Consulting & Promotions, LLC (05/12/2025)
• Blum Holdings, Inc., in Santa Rosa, CA, entered into a binding term sheet to acquire Cookies Creative Consulting & Promotions, LLC on May 12, 2025 from Oakland, CA for $0.5625 million, expected to close in Q3 2025.
56. myPlace Health (05/13/2025)
• SCAN Group, in Long Beach, CA, acquired remaining minority stake in myPlace Health on May 13, 2025 from Commonwealth Care Alliance, Inc. from Los Angeles, CA, achieving full ownership.
57. WonderFi Technologies Inc. (05/13/2025)
• Robinhood Markets, Inc., in Menlo Park, CA, entered into a definitive agreement to acquire WonderFi Technologies Inc. on May 13, 2025 from Toronto, Canada for CAD 240 million, expected to close in H2 2025.
58. 117-acre Industrial Storage Portfolio in NE Houston (05/14/2025)
• Miramar Capital Advisors, in San Francisco, CA, acquired 117-acre Industrial Storage Portfolio in NE Houston on May 14, 2025, enhancing its industrial real estate assets.
59. Areya Technologies (05/14/2025)
• Iopex Technologies, Inc., in Santa Clara, CA, acquired Areya Technologies on May 14, 2025 from Jersey City, NJ, expanding its technology services.
60. Bentek Corporation (05/14/2025)
• Nextracker Inc., in Fremont, CA, acquired Bentek Corporation on May 14, 2025 from San Jose, CA for $78 million, including future earnout consideration.
61. Neon, Inc. (05/14/2025)
• Databricks, Inc., in San Francisco, CA, agreed to acquire remaining stake in Neon, Inc. on May 14, 2025 from Menlo Park, CA for $1 billion, aiming to improve database efficiency for AI workloads.
62. Refuel.ai, Inc. (05/14/2025)
• Together Computer, Inc., in San Francisco, CA, acquired Refuel.ai, Inc. on May 14, 2025 from San Francisco, CA, enhancing its AI development capabilities.
63. SocialWise, Inc. (05/14/2025)
• Ignite Visibility LLC, in San Diego, CA, acquired SocialWise, Inc. on May 14, 2025 from Irvine, CA, with financing from Capital Southwest Corporation.
64. Zenoss Inc. (05/14/2025)
• Virtual Instruments Corporation, in San Jose, CA, acquired Zenoss Inc. on May 14, 2025 from Austin, TX, strengthening its IT monitoring solutions.
65. Certain Oil and Gas Assets of Heavy Sweet Oil LLC (05/15/2025)
• Trio Petroleum Corp., in Bakersfield, CA, signed a non-binding letter of intent to acquire Certain Oil and Gas Assets of Heavy Sweet Oil LLC on May 15, 2025 from an undisclosed location for $2.6 million, subject to production and approval conditions.
66. AmeriCrew Inc. (05/15/2025)
• Apple iSports Group, Inc., in Santa Monica, CA, signed a letter of intent to acquire AmeriCrew Inc. on May 15, 2025 from Dumont, NJ, with AmeriCrew continuing under CEO Kelley Dunne.
67. Assets of EarlyBird Central Inc. (05/15/2025)
• Acorns Grow Incorporated, in Irvine, CA, acquired assets of EarlyBird Central Inc. on May 15, 2025 from Chicago, IL, welcoming existing customers to join Acorns.
68. Beverage Manufacturing Facility in Toronto, Canada (05/15/2025)
• AI CPG, LLC, in Los Angeles, CA, acquired Beverage Manufacturing Facility in Toronto, Canada on May 15, 2025, expanding its consumer goods production.
69. Cooper Savas, LLC (05/15/2025)
• Armanino Advisory LLC, in San Ramon, CA, acquired Cooper Savas, LLC on May 15, 2025 from Salt Lake City, UT, enhancing its consulting services.
70. Nine Four Entertainment Inc (05/15/2025)
• Skybound Holdings LLC, in Los Angeles, CA, acquired Nine Four Entertainment Inc on May 15, 2025 from Las Vegas, NV, broadening its entertainment portfolio.
71. The Flood Foundation (05/15/2025)
• ZEROEX, Inc., in San Francisco, CA, acquired Flood on May 15, 2025 from Bain Capital Crypto and others, integrating its engineers into 0x’s team.
72. Inozyme Pharma, Inc. (05/16/2025)
• BioMarin Pharmaceutical Inc., in San Rafael, CA, agreed to acquire Inozyme Pharma, Inc. on May 16, 2025 from Boston, MA for $260 million at $4 per share, completed on July 1, 2025.
73. Michael A. Dubis Financial Planning, LLC (05/16/2025)
• KKR & Co. Inc. unit Beacon Pointe Advisors, LLC, in Newport Beach, CA, acquired Michael A. Dubis Financial Planning, LLC on May 16, 2025 from Middleton, WI, expanding its financial advisory network.
74. Protagenic Therapeutics, Inc. (05/16/2025)
• Phytanix Bio, Inc., in San Diego, CA, completed a reverse merger to acquire Protagenic Therapeutics, Inc. on May 16, 2025 from New York, NY, with Phytanix shareholders owning 65% post-transaction.
75. Hart & Patterson Financial Group LLC (05/16/2025)
• KKR & Co. Inc. unit Beacon Pointe Advisors, LLC, in Newport Beach, CA, acquired Hart & Patterson Financial Group LLC on May 16, 2025 from Amherst, MA, integrating it into its Northern California presence.
76. Boys & Girls Clubs of Contra Costa (05/16/2025)
• Boys & Girls Clubs Of Silicon Valley, in San Jose, CA, agreed to acquire Boys & Girls Clubs of Contra Costa on May 16, 2025 from El Sobrante, CA, operating as one entity under the BGCSV board.
77. DataCenter Infrastructure Manufacturing Business of ZT Group Intl, Inc. (05/18/2025)
• Sanmina Corporation, in San Jose, CA, entered into a definitive agreement to acquire DataCenter Infrastructure Manufacturing Business of ZT Group Intl, Inc. on May 18, 2025 for $3 billion, including a $300 million premium and $450 million earnout, expected to close by late 2025.
78. Infusion Care Assets (05/19/2025)
• Kabafusion Holdings LLC, in Los Angeles, CA, acquired Infusion Care Assets on May 19, 2025 from Coram LLC, expanding its infusion therapy services.
79. Relevant Industrial, LLC (05/19/2025)
• Fusion Capital Partners, LP, in San Francisco, CA, acquired an unknown majority stake in Relevant Industrial, LLC on May 19, 2025 from Houston, TX, with current management retained.
80. Casago International LLC (05/19/2025)
• Roofstock, Inc., in San Francisco, CA, acquired an unknown majority stake in Casago International LLC on May 19, 2025 from Scottsdale, AZ, with debt financing from Coromandel Capital.
81. Arcus Inc. (05/20/2025)
• Addepar, Inc., in Mountain View, CA, acquired Arcus Inc. on May 20, 2025 from New York, NY, enhancing its AI capabilities for investment efficiency.
82. Avenue Six Studios (05/20/2025)
• SP Media Group, LLC, in Los Angeles, CA, acquired Avenue Six Studios on May 20, 2025 from Van Nuys, CA, expanding its media production services.
83. Essential Net Lease Industrial Facility located just feet from U.S. Highway 90 (05/20/2025)
• Cove Capital Investments, LLC, in San Diego, CA, acquired Essential Net Lease Industrial Facility located just feet from U.S. Highway 90 on May 20, 2025, establishing the Essential Net Lease Industrial 87 DST offering.
84. FlyPaper Technologies, LLC (05/20/2025)
• Procore Technologies, Inc., in Carpinteria, CA, acquired FlyPaper Technologies, LLC on May 20, 2025 from Grosse Pointe Farms, MI, enhancing its construction management software.
85. Maxsent, LLC (05/20/2025)
• Allied Universal Security Services LLC, in Irvine, CA, acquired Maxsent, LLC on May 20, 2025 from Annapolis, MD, strengthening its security services.
86. Mule claims (05/20/2025)
• Apollo Silver Corp. unit Stronghold Silver USA Corp., in Los Angeles, CA, acquired mule claims on May 20, 2025 from Lithium Americas Corp. from California for $0.250 million, subject to TSX approval.
87. Numbers Station, Inc. (05/20/2025)
• Alation, Inc., in Redwood City, CA, acquired Numbers Station, Inc. on May 20, 2025 from Austin, TX, integrating its AI and data team to drive innovation.
88. Six New Pratt & Whitney GTF Engines (05/20/2025)
• BBAM LP, in San Francisco, CA, acquired Six New Pratt & Whitney GTF Engines on May 20, 2025 from Pratt & Whitney Company, Inc., expanding its aviation leasing assets.
89. Stitch (05/20/2025)
• Alphabet Inc. unit Google LLC, in Mountain View, CA, acquired Galileo AI, Inc. on May 20, 2025 from Mountain View, CA, leveraging its AI expertise.
90. Ygnacio Center in Walnut Creek, California (05/20/2025)
• Hall Equities Group Inc., in Walnut Creek, CA, acquired Ygnacio Center in Walnut Creek, California on May 20, 2025 from Brookfield Oaktree Holdings, LLC and Hines Interests Limited Partnership for $110 million, with a $46.5 million loan.
91. Automation Design & Entertainment, Inc. (05/21/2025)
• Daisy Co., in Los Angeles, CA, acquired Automation Design + Entertainment on May 21, 2025 from Kalamazoo, MI, continuing operations under founder Peter Cook’s leadership.
92. Dorian Therapeutics, Inc. (05/21/2025)
• Altos Labs, Inc., in San Francisco, CA, acquired Dorian Therapeutics, Inc. on May 21, 2025 from San Carlos, CA, advancing its anti-aging research.
93. Nuclei, Inc. (05/21/2025)
• Proofpoint, Inc., in Sunnyvale, CA, acquired Nuclei, Inc. on May 21, 2025 from Holmdel, NJ, enhancing its cybersecurity offerings.
94. SigmaTron International, Inc. (05/21/2025)
• Transom Capital Group, LLC, in Los Angeles, CA, entered into a merger agreement to acquire SigmaTron International, Inc. on May 21, 2025 from Elk Grove Village, IL for $18.5 million at $3.02 per share, expected to close in Q3 2025.
95. The Clock Tower (05/21/2025)
• Sazze Partners, Inc., in San Diego, CA, acquired The Clock Tower on May 21, 2025 for $5.4 million from an undisclosed location, expanding its real estate investments.
96. UXR Technologies Pvt. Ltd. (05/21/2025)
• Fuel Cycle Inc., in El Segundo, CA, acquired getCurious on May 21, 2025 from Lewes, DE, enhancing its market research technology.
97. Wet wipes manufacturing facility in Fredonia of Guy & O'Neill, Inc. (05/21/2025)
• Diamond Wipes International, Inc., in Chatsworth, CA, acquired Wet wipes manufacturing facility in Fredonia of Guy & O'Neill, Inc. on May 21, 2025 from an undisclosed location, growing its consumer goods production.
98. Core Assets of Breakaway Industries, Ltd. (05/22/2025)
• Strava, Inc., in San Francisco, CA, acquired Core Assets of Breakaway Industries, Ltd. on May 22, 2025 from an undisclosed location, enhancing its fitness tracking platform.
99. GEOST, LLC (05/22/2025)
• Rocket Lab Corporation, in Long Beach, CA, entered into a definitive agreement to acquire GEOST, LLC on May 22, 2025 from Tucson, AZ for $330 million, including $125 million cash and $150 million in equity, with a $50 million earnout, expected to close in H2 2025.
100. Golden Star Trading, Inc. (05/22/2025)
• Kusha, Inc., in Los Angeles, CA, entered into an agreement to acquire a 49% stake in Golden Star Trading, Inc. on May 22, 2025 from Torrance, CA for $15 million, expected to close within 30 days.
101. NexTec Group, Inc. (05/22/2025)
• Pine Services Group, LLC, in San Diego, CA, acquired NexTec Group, Inc. on May 22, 2025 from Seattle, WA, expanding its IT services.
102. Petroleum marketing and convenience retail business of National Petroleum (05/22/2025)
• Poppy Markets LLC, in Los Angeles, CA, acquired Petroleum marketing and convenience retail business of National Petroleum on May 22, 2025 from an undisclosed location, diversifying its retail operations.
103. Uno Insurance Services LLC (05/22/2025)
• COVU, Inc., in San Francisco, CA, acquired Uno Insurance Services LLC on May 22, 2025 from Houston, TX, retaining Eddie Vitale as a strategic consultant for further acquisitions.
104. Caliber Collision Property in Wisconsin (05/23/2025)
• Four Corners Property Trust, Inc., in Mill Valley, CA, acquired Caliber Collision Property in Wisconsin on May 23, 2025 for $4.2 million, adding to its retail property portfolio.
105. Four Properties of Christian Brothers Automotive Corporation (05/23/2025)
• Four Corners Property Trust, Inc., in Mill Valley, CA, acquired Four Properties of Christian Brothers Automotive Corporation on May 23, 2025 for $17 million across Ohio, Florida, and Nebraska, under long-term leases.
106. High Sierra Distillery, LLC (05/23/2025)
• Foley Family Wines, Inc., in Sonoma, CA, acquired Minden Mill Distilling on May 23, 2025 from Minden, NV, expanding its wine and spirits portfolio.
107. Jinxbot 3D Printing, LLC (05/23/2025)
• Peak Technology Enterprises, Inc., in San Jose, CA, acquired Jinxbot 3D Printing, LLC on May 23, 2025 from Mountain View, CA, enhancing its 3D printing technology.
108. substantially all business of Modere, Inc. (05/23/2025)
• Shaklee Corporation, in Pleasanton, CA, acquired substantially all business of Modere, Inc. on May 23, 2025 from an undisclosed location, strengthening its health and wellness products.
109. ENOSEMI, INC. (05/23/2025)
• Advanced Micro Devices, Inc., in Santa Clara, CA, acquired ENOSEMI, INC. on May 23, 2025 from Los Gatos, CA, boosting its semiconductor technology.
110. Sugar Auto Parts, Inc (05/25/2025)
• APPlife Digital Solutions, Inc., in Los Angeles, CA, agreed to acquire Sugar Auto Parts, Inc on May 25, 2025 from Las Vegas, NV, issuing 240 million common shares and preferred stock, completed on June 13, 2025.
111. 1100 Peachtree (05/27/2025)
• Ssc Vii Investor, LLC, in Los Angeles, CA, entered into a purchase and sale agreement to acquire 1100 Peachtree on May 27, 2025 from Hancock S-REIT Sacramento LLC for $130 million, with an $82.75 million loan, completed on May 27, 2025.
112. Marketing Plus (05/27/2025)
• HYPHEN, in Los Angeles, CA, acquired Marketing Plus on May 27, 2025 from Fresno, CA, with operations transitioning to the HYPHEN brand by July 1.
113. RAC7 Games Inc. (05/27/2025)
• Apple Inc., in Cupertino, CA, acquired RAC7 GAMES INC. on May 27, 2025 from Vancouver, Canada, with the team continuing as an internal studio.
114. Red Canary, Inc. (05/27/2025)
• Zscaler, Inc., in San Jose, CA, signed a definitive agreement to acquire Red Canary, Inc. on May 27, 2025 from Denver, CO for $680 million, expected to close in August 2025.
115. San Diego Applied Behavior Analysis, LLC (05/27/2025)
• Alongside ABA, in San Diego, CA, acquired San Diego Applied Behavior Analysis, LLC on May 27, 2025 from La Mesa, CA, enhancing its behavioral health services.
116. Informatica Inc. (05/26/2025)
• Salesforce, Inc., in San Francisco, CA, entered into an agreement to acquire Informatica Inc. on May 26, 2025 from Redwood City, CA for $8.1 billion in equity value, integrating its data technology into the Salesforce ecosystem, expected to close in early FY 2027.
117. StreamEx Exchange Corporation (05/28/2025)
• BioSig Technologies, Inc., in Santa Monica, CA, signed a definitive share exchange agreement to acquire StreamEx Exchange Corporation on May 28, 2025 from Vancouver, Canada, with former Streamex leaders taking key roles post-acquisition.
118. 325-unit Class A multi-family community in Frisco, Texas (05/28/2025)
• CONAM Strategic Investments Fund IV, in San Diego, CA, acquired 325-unit Class A multi-family community in Frisco, Texas on May 28, 2025, expanding its multifamily housing portfolio.
119. Boelzner & Associates Insurance Services Inc. (05/28/2025)
• Inszone Insurance Services, Inc, in Rancho Cordova, CA, acquired Boelzner & Associates Insurance Services Inc. on May 28, 2025 from Palm Desert, CA, integrating it into its insurance network.
120. Dormify, Inc. (05/28/2025)
• Williams-Sonoma, Inc., in San Francisco, CA, acquired Dormify, Inc. on May 28, 2025 from New York, NY, planning to relaunch it in 2026.
121. Global Rights and all associated intellectual property of Clicgear (05/28/2025)
• GT Golf Holdings, Inc., in Santa Monica, CA, acquired Global Rights and all associated intellectual property of Clicgear on May 28, 2025 from an undisclosed location, enhancing its golf equipment portfolio.
122. HorsePrerace.com (05/28/2025)
• Palehorse Capital, in Los Angeles, CA, acquired HorsePrerace.com on May 28, 2025, integrating it into the Vetr.com platform for animal health resources.
123. HRBeauty LLC (05/28/2025)
• e.l.f. Cosmetics, Inc., in Oakland, CA, signed a definitive agreement to acquire HRBeauty LLC on May 28, 2025 from Beverly Hills, CA for $1 billion, including $800 million at closing and a $200 million earnout, expected to close in Q2 FY 2026.
124. Metropolitan Animal Specialty Hospital facility at 6565 Santa Monica Boulevard (05/28/2025)
• Domenico Bianco, Jodi Kuntz, Eva Ganz, Jeremy O'Neill, Paul Hobson, Tara Stonex, and Curo Pet Holdings Corp, in San Diego, CA, acquired Metropolitan Animal Specialty Hospital facility at 6565 Santa Monica Boulevard on May 28, 2025 from an undisclosed location, ensuring continued operations.
125. Moesif, Inc. (05/28/2025)
• WSO2 LLC, in San Francisco, CA, acquired Moesif, Inc. on May 28, 2025 from San Francisco, CA, operating it as an independent subsidiary under its API Management Business Unit.
126. Quantive USA, Inc. (05/28/2025)
• WorkBoard Inc., in San Francisco, CA, acquired Quantive USA, Inc. on May 28, 2025 from Denver, CO, with investors taking an observer seat on WorkBoard’s board.
127. Rammer Technologies, Inc. (05/28/2025)
• Invoca, Inc., in Santa Barbara, CA, acquired Rammer Technologies, Inc. on May 28, 2025 from Seattle, WA, enhancing its communication platform capabilities.
128. RCS RMC, Inc. (05/28/2025)
• Karman Holdings Inc., in Los Angeles, CA, acquired RCS RMC, Inc on May 28, 2025 from Cedar City, UT for $60 million, including $50 million cash and a $5 million earnout.
129. Shimento Inc. (05/28/2025)
• Waverly Technologies, in San Francisco, CA, acquired Shimento Inc. on May 28, 2025 from Pleasanton, CA, forming ShimentoX as an AI-led services company.
130. The Maxwell in Frisco, Texas (05/28/2025)
• CONAM Strategic Investments Fund IV, in San Diego, CA, acquired The Maxwell in Frisco, Texas on May 28, 2025 for $42 million with a $42 million loan, expanding its multifamily investments.
131. Vue Kirkland Apartments (05/28/2025)
• BRIDGE Housing Corporation, in San Francisco, CA, acquired Vue Kirkland Apartments on May 28, 2025 from Kirkland, WA for $55.2 million, supported by a $22 million junior loan from Amazon’s Housing Equity Fund.
132. 10 Tire and Service Centers across California, Oklahoma, Texas, and Idaho (05/29/2025)
• Majco, Inc., in Santa Ana, CA, acquired 10 Tire and Service Centers across California, Oklahoma, Texas, and Idaho on May 29, 2025, diversifying its automotive service network.
133. Christian Brothers Automotive Property Located in Illinois, US (05/29/2025)
• Four Corners Property Trust, Inc., in Mill Valley, CA, acquired Christian Brothers Automotive Property Located in Illinois, US on May 29, 2025 for $4.3 million, adding to its retail property holdings.
134. Mcdonnell Holdings, LLC (05/29/2025)
• Strata Landscape Services, in San Marcos, CA, acquired Boulder Landscaping on May 29, 2025 from Bluffdale, UT, expanding its landscaping services.
135. Self-storage facility located at 5885 W Colfax Ave in Lakewood, Colorado (05/29/2025)
• SmartStop Self Storage REIT, Inc., in San Diego, CA, acquired Self-storage facility located at 5885 W Colfax Ave in Lakewood, Colorado on May 29, 2025, growing its storage portfolio.
136. Spotlight Ticket Management, Inc. (05/29/2025)
• Valeas Capital Partners Management LP, in San Francisco, CA, agreed to acquire an unknown majority stake in Spotlight Ticket Management, Inc. on May 29, 2025 from Calabasas, CA, with founders retaining a minority interest, expected to close in June 2025.
137. Water utility assets of Casa Loma Water Company (05/29/2025)
• California Water Service Company, in San Jose, CA, agreed to acquire Water utility assets of Casa Loma Water Company on May 29, 2025 from an undisclosed location, subject to California Public Utilities Commission approval.
138. Water utility assets of Palm Mutual Water Company (05/29/2025)
• California Water Service Company, in San Jose, CA, signed an agreement to acquire Water utility assets of Palm Mutual Water Company on May 29, 2025 from an undisclosed location, alongside Casa Loma assets, subject to regulatory approval.
139. MGL Consulting, LLC (05/29/2025)
• SurgeONE.ai, in Irvine, CA, acquired MGL Consulting, LLC on May 29, 2025 from The Woodlands, TX, with Melinda G. LeGaye continuing as CEO and President of Compliance Services.
140. 74-Unit River Lofts in Tualatin, Ore. (05/30/2025)
• FPA Multifamily, LLC, in San Diego, CA, acquired 74-Unit River Lofts in Tualatin, Ore. on May 30, 2025 from Next Wave Investors, LLC for $15.8 million, expanding its multifamily portfolio.
141. Results Partners LLP (05/30/2025)
• Atlas Vineyard Management, Inc., in Napa, CA, acquired Results Partners LLP on May 30, 2025 from McMinnville, OR, operating it as a separate division.
142. Assets Of Advantage Insurance Group LLC (05/31/2025)
• Aquiline Capital Partners LP unit Relation Insurance Services, Inc., in Santa Rosa, CA, acquired assets of Advantage Insurance Group LLC on May 31, 2025 from Ormond Beach, FL, with owners Geoff and Ryan Eaton continuing to lead.
143. NG Wealth Advisors, Inc. (05/31/2025)
• KKR & Co. Inc. unit Beacon Pointe Advisors, LLC, in Newport Beach, CA, acquired Ng Wealth Advisors, Inc. on May 31, 2025 from Pleasant Hill, CA, integrating it into its Bay Area presence.
144. Novel Dopamine Agonist Combination Product Candidate (05/31/2025)
• Alto Neuroscience, Inc., in Los Altos, CA, acquired Novel Dopamine Agonist Combination Product Candidate on May 31, 2025 from Chase Pharmaceuticals Corporation, Inc. from an undisclosed location for $1.75 million with a $41 million earnout, enhancing its neuroscience portfolio.
145. io Products, Inc. (05/31/2025)
• OpenAI, L.L.C., in San Francisco, CA, completed the acquisition of remaining 77% stake in IO Products on May 31, 2025 from San Francisco, CA for $5 billion, with Jony Ive and LoveFrom taking design roles.
M&A Segmentation — Glossary:
M&A – Whole: The acquisition of 100% ownership of a target company, giving the buyer full control.
M&A – Asset: The purchase of specific assets, such as mineral rights or property, without acquiring the entire company.
M&A – Minority: The acquisition of a non-controlling stake, typically under 50%.
M&A – Spinoff or Splitoff: The divestiture of a business unit into a separate entity or distribution of subsidiary shares to shareholders.
Deal Terms — Glossary:
Transaction Value: Represents the total consideration paid for a transaction, including net debt only if assumed, capturing the full financial scope of the deal.
Deal Value: Focuses solely on the consideration paid for the equity acquired, excluding net debt, to reflect the cost of ownership.
Implied Enterprise Value: Provides a standardized measure of the target’s total entity value, incorporating 100% of the enterprise including net debt, for consistent comparison with metrics like LTM EBITDA and Revenue.
Implied Equity Value: Isolates the equity portion, representing 100% of the target’s equity value, enabling a clear equity-to-equity comparison across transactions.
Copyright ©2025 William & Wall, S&P Global Market Intelligence
