March 2025 | California M&A Insights

California Market TrendsM&A InsightsBusiness Sales
Written By William & Wall

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.

March 2025 - National Transaction Value ($bn) and Transaction Count

California — Transaction Value and Count by Month

California — Overview

In March 2025, California’s M&A activity thrived with 117 transactions, including one pending deal, spanning from San Francisco to Los Angeles and reinforcing the state’s position as a corporate dealmaking powerhouse. Technology led the way, accounting for 44% of the deals, with ServiceNow’s $2.85 billion acquisition of Moveworks, Inc. setting the pace, while the financial and consumer sectors followed closely with Arthur J. Gallagher’s $1.2 billion purchase of Woodruff-Sawyer & Co. and Roark Capital’s $1 billion acquisition of Dave’s Hot Chicken Franchise Co. The month delivered $13.66 billion in total transaction value across 17 deals with disclosed figures, a remarkable 1500% surge from March 2024’s $853 million—a period impacted by late closings that pushed $40.8 billion into April 2024—while deal volume rose 63% year-over-year from 72 transactions. Transaction values ranged from ICB International’s modest $0.675 million buyout to SoftBank’s $6.5 billion stake in Ampere Computing LLC, highlighting California’s allure for both domestic and international investors. For Q1 2025, the state saw 352 transactions, up 33% from 265 in Q1 2024, though the quarter’s total value of $23.13 billion fell 46% short of last year’s $42.99 billion. Private equity supported 32% of March’s deals, reflecting consistent sponsor interest in California’s diverse economic landscape.

California — Strategic vs. Sponsor-led Activity

California — X / Y Plot By Sector

M&A Segmentation — Glossary:

  1. M&A – Whole: The acquisition of 100% ownership of a target company, giving the buyer full control.

  2. M&A – Asset: The purchase of specific assets, such as mineral rights or property, without acquiring the entire company.

  3. M&A – Minority: The acquisition of a non-controlling stake, typically under 50%.

  4. 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:

  1. Transaction Value: Represents the total consideration paid for a transaction, including net debt only if assumed, capturing the full financial scope of the deal.

  2. Deal Value: Focuses solely on the consideration paid for the equity acquired, excluding net debt, to reflect the cost of ownership.

  3. 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.

  4. Implied Equity Value: Isolates the equity portion, representing 100% of the target’s equity value, enabling a clear equity-to-equity comparison across transactions.

California — M&A Segmentation

California — Sector Breakdown

Second Level Primary Industry Breakdown

California — March 2025 M&A Deal Summaries

  1. Alpha-Numero Technology Solutions Inc. (Announced: March 1, 2025)

    • QuEST Global Services Pte. Ltd. acquired Alpha-Numero Technology Solutions on March 1, 2025. The deal retains Alpha-Numero’s leadership, including CEO Sukanta Mitra, to steer its IT consulting growth. The transaction was completed on the same day.

  2. ICB International, Inc. (Announced: March 1, 2025)

    • Morepen Bio, Inc. acquired ICB International, a biotech firm, for $0.68 million on March 1, 2025. The deal involved 0.135 million shares, enhancing Morepen’s health care portfolio. The acquisition was finalized promptly.

  3. Medic-1 Ambulance Service Inc. (Announced: March 1, 2025)

    • Southwest Michigan Community Ambulance Service proposed acquiring Medic-1 Ambulance Service Inc. on March 1, 2025. The deal awaits approval from both the target and acquirer boards. The transaction aims to expand Southwest Michigan’s transportation services.

  4. Albert Management Inc. (Announced: March 3, 2025)

    • Keystone Pacific Property Management, LLC acquired Albert Management Inc. on March 3, 2025. The deal strengthens Keystone’s real estate management presence in California. The transaction was completed on the same day.

  5. DesignMind Inc. (Announced: March 3, 2025)

    • 3Cloud LLC acquired DesignMind Inc. on March 3, 2025, boosting its Azure expertise to over 1,000 professionals. Kirkland & Ellis advised 3Cloud in the transaction. The deal was finalized swiftly.

  6. DPSS Lasers Inc. (Announced: March 3, 2025)

    • Laserax Inc. purchased DPSS Lasers Inc., an industrial equipment firm, on March 3, 2025. The acquisition enhances Laserax’s capabilities in laser technology. The transaction was completed on the same day.

  7. Infiniti Medical, LLC (Announced: March 3, 2025)

    • Creative Science acquired Infiniti Medical, LLC, a health care equipment firm, on March 3, 2025. Hyde Park Capital Advisors and Skadden, Arps provided advisory support for Infiniti Medical. The deal was finalized promptly.

  8. Lumonic Inc. (Announced: March 3, 2025)

    • Morningstar’s unit PitchBook Data, Inc. acquired Lumonic Inc., a financial tech firm, on March 3, 2025. Lumonic will operate as a PitchBook subsidiary, maintaining its standalone product status. The transaction, advised by Mayer Brown LLP, was completed on the same day.

  9. Ptm & W Industries Inc. (Announced: March 3, 2025)

    • Mako Advanced Materials, LLC acquired Ptm & W Industries Inc. from Charles Owen on March 3, 2025. Charles Owen will consult during the transition, while Dr. Johnny Lincoln takes interim leadership. The deal, keeping Ptm & W independent, was finalized swiftly.

  10. Qualer Inc. (Announced: March 3, 2025)

    • MasterControl Solutions, Inc. acquired Qualer Inc., a software firm, on March 3, 2025. The deal expands MasterControl’s application software offerings. The transaction was completed on the same day.

  11. Sounding Board Labs, Inc. (Announced: March 3, 2025)

    • BTS Group AB agreed to acquire Sounding Board Labs, Inc., a software company, on March 3, 2025, with a deal valued at $7 million in 2024 revenue. The transaction includes initial cash and additional payments through 2028, contingent on performance targets. It’s expected to close in March 2025.

  12. Squadcast, Inc. (Announced: March 3, 2025)

    • SolarWinds Corporation acquired Squadcast, Inc., a tech firm, on March 3, 2025. DLA Piper and AZB & Partners advised SolarWinds, while Allied Advisers supported Squadcast. The deal was finalized on the same day.

  13. The Danielsen Co Inc. (Announced: March 3, 2025)

    • GS Foods Group, Inc. acquired The Danielsen Co Inc. from Terri Danielsen on March 3, 2025. The deal ensures a smooth transition with Danielsen’s team maintaining customer ties in Northern California. The transaction was completed promptly.

  14. Transcon Shipping Co., Inc. (Announced: March 3, 2025)

    • Radiant Logistics, Inc. acquired Transcon Shipping Co., Inc., a logistics firm, on March 3, 2025, with a purchase price tied to future performance. Transcon reported $75 million in revenue and $4 million in EBITDA for 2024. The deal was finalized on the same day.

  15. Elk Grove Subaru (Announced: March 4, 2025)

    • Lithia Motors, Inc. acquired Elk Grove Subaru, an automotive retailer, on March 4, 2025. The deal expands Lithia’s footprint in California’s retail market. The transaction was completed swiftly.

  16. Smooth-Bor Plastics Inc. (Announced: March 4, 2025)

    • Plastiflex Group N.V. acquired Smooth-Bor Plastics Inc., a health care supplier, on March 4, 2025. Smooth-Bor’s leadership, including CEO Eric Carlson, will remain, with its Laguna Hills base serving as a hub for the combined entity. The deal, advised by Snell & Wilmer, was finalized on the same day.

  17. Weights and Biases, Inc. (Announced: March 4, 2025)

    • CoreWeave, Inc. agreed to acquire Weights and Biases, Inc. for $1.7 billion on March 4, 2025, pending regulatory approvals. The deal, advised by Evercore and Davis Polk for CoreWeave, is expected to close in the first half of 2025. It strengthens CoreWeave’s position in tech software.

  18. Woodruff-Sawyer & Co., Inc. (Announced: March 4, 2025)

    • Arthur J. Gallagher & Co. acquired Woodruff-Sawyer & Co., an insurance broker, for $1.2 billion on March 4, 2025, with completion on April 10, 2025. Woodruff-Sawyer reported $270 million in pro forma revenue for 2024, and its team will operate under Gallagher’s retail brokerage division. The deal, advised by Sidley Austin, expands Gallagher’s financial services presence.

  19. Work Truck Solutions, Inc. (Announced: March 4, 2025)

    • Rubicon Technology Partners acquired a majority stake in Work Truck Solutions, Inc. on March 4, 2025. Morrison & Foerster advised Rubicon, while Presidio Technology Partners supported Work Truck Solutions. The transaction, completed on the same day, bolsters Rubicon’s tech portfolio.

  20. XL Construction Corporation (Announced: March 4, 2025)

    • Graham Group Ltd. acquired XL Construction Corporation on March 4, 2025, integrating it into its U.S. Buildings group. The deal maintains XL Construction’s brand and leadership during the transition. The transaction was finalized swiftly.

  21. Assets of Malloy Imrie & Vasconi Insurance Services (Announced: March 5, 2025)

    • HUB International’s unit Hub Central & Northern California acquired Malloy Imrie & Vasconi Insurance Services, LLC on March 5, 2025. The Malloy Imrie team joins Hub, rebranding as MIV Insurance under Hub’s umbrella, with Dowling Hales as financial advisor. The deal was completed on the same day.

  22. Ocean Heights Advisors, LLC (Announced: March 5, 2025)

    • Mariner, LLC agreed to acquire Ocean Heights Advisors, LLC, with $730 million in assets, on December 2024, set to close on April 1, 2025. Ocean Heights’ founders, Kevin O’Grady and Nella Webster, will continue leading as part of a succession plan. The deal positions Kevin Barlow to lead Mariner’s Newport Beach expansion.

  23. Skytech Automated Solutions, Inc. (Announced: March 5, 2025)

    • Nightfood Holdings, Inc. acquired Skytech Automated Solutions Inc. for $6.2 million on March 5, 2025, finalized on March 31, 2025. The deal includes $1.2 million in preferred stock and up to $5 million in earnout payments based on revenue milestones. It enhances Nightfood’s tech capabilities with Skytech’s automation solutions.

  24. Viewstream, Inc. (Announced: March 5, 2025)

    • Supreme Optimization, LLC acquired Kadiko Agency, an advertising firm, on March 5, 2025. The deal boosts Supreme Optimization’s media and entertainment offerings. The transaction was completed on the same day.

  25. Visalia Adventure Park, Inc. (Announced: March 5, 2025)

    • Lucky Strike Entertainment Corporation acquired Visalia Adventure Park on March 5, 2025. The deal expands Lucky Strike’s leisure facilities portfolio in California. The transaction was finalized swiftly.

  26. D. M. Figley Co., Inc. (Announced: March 6, 2025)

    • Beacon Roofing Supply, Inc. acquired DM Figley Company, Inc., an industrial distributor, on March 6, 2025. The deal strengthens Beacon’s supply chain presence in California. The transaction was completed on the same day.

  27. DeploySentinel, Inc. (Announced: March 6, 2025)

    • ClickHouse, Inc. acquired DeploySentinel, Inc., a systems software firm, on March 6, 2025. Morrison & Foerster advised DeploySentinel during the transaction. The deal, enhancing ClickHouse’s tech offerings, was finalized promptly.

  28. Elevate the Outcome LLC (Announced: March 6, 2025)

    • Net Conversion LLC acquired Elevate the Outcome on March 6, 2025, adding 10 team members to its 85-person staff. Elevate’s founder, Mike Lyons, joins as Chief Investment Media Officer, with the combined entity led by Net Conversion’s CEO Ryan Fitzgerald. The deal strengthens Net Conversion’s advertising capabilities.

  29. Fanimal, Inc. (Announced: March 6, 2025)

    • TickPick LLC acquired Fanimal, Inc., a media and entertainment firm, on March 6, 2025. The deal expands TickPick’s interactive media services portfolio. The transaction was completed on the same day.

  30. Leopard Transnational Inc. (Announced: March 6, 2025)

    • Armlogi Holding Corp. signed a letter of intent to acquire Leopard Transnational Inc., a logistics firm, on March 6, 2025. The deal includes Armlogi stock and potential earnout payments, with Leopard to operate as a wholly-owned subsidiary. It awaits due diligence and approvals, expected within 60-90 days.

  31. Rw Bid Construction Management, LLC (Announced: March 6, 2025)

    • Cumming Management Group, Inc. acquired Rw Bid Construction Management, LLC on March 6, 2025, growing its regional team to 200 professionals. AEC Transaction Services advised Rw Bid during the transaction. The deal, enhancing Cumming’s construction capabilities, was finalized swiftly.

  32. Therapy For Kids, Inc. (Announced: March 6, 2025)

    • The Stepping Stones Group, LLC acquired Therapy For Kids, Inc., a health care services provider, on March 6, 2025. Hexagon Capital Alliance advised Therapy For Kids in the transaction. The deal was completed on the same day.

  33. Parasol Technologies LLC (Announced: March 7, 2025)

    • Mysten Labs, Inc. acquired Parasol Technologies Inc., a software firm, on March 7, 2025. The deal bolsters Mysten Labs’ application software portfolio. The transaction was finalized promptly.

  34. STORY File, LLC (Announced: March 7, 2025)

    • Key7 Investment Company acquired STORY File, LLC, a tech firm, on March 7, 2025. The deal enhances Key7’s software investment portfolio. The transaction was completed on the same day.

  35. Birdies, Inc. (Announced: March 10, 2025)

    • KNS International, LLC acquired Birdies, Inc., a footwear producer, on March 10, 2025. Ms. Gates joins KNS as Brand President to lead the integration. The deal was finalized swiftly.

  36. Boulevard Family Wealth Services, LLC (Announced: March 10, 2025)

    • Americana Partners, LLC acquired Boulevard Family Wealth Services, LLC, an asset management firm, on March 10, 2025. The deal expands Americana’s financial services footprint in California. The transaction was completed on the same day.

  37. Dray Alliance Inc. (Announced: March 10, 2025)

    • World Shipping, Inc. acquired HMI Logistics, Inc., a software-focused logistics firm, on March 10, 2025. The deal strengthens World Shipping’s tech-driven logistics capabilities. The transaction was finalized promptly.

  38. Edgeimpulse, Inc. (Announced: March 10, 2025)

    • Qualcomm Technologies, Inc. agreed to acquire EdgeImpulse Inc. from multiple investors on March 10, 2025, pending customary closing conditions. The deal enhances Qualcomm’s systems software offerings. The transaction aims to expand Qualcomm’s tech portfolio.

  39. FatTail, Inc. (Announced: March 10, 2025)

    • Chartbeat Inc. acquired FatTail, Inc., a software firm, on March 10, 2025. Massumi + Consoli and Sheppard, Mullin advised the parties, with Atlas Technology Group as FatTail’s financial advisor. The deal, bolstering Chartbeat’s tech capabilities, was completed on the same day.

  40. Moveworks, Inc. (Announced: March 10, 2025)

    • ServiceNow, Inc. agreed to acquire Moveworks, Inc. for $2.9 billion on March 10, 2025, with payment in cash and stock, pending regulatory approval. The transaction, advised by J.P. Morgan and Tidal Partners, is expected to close in the second half of 2025. It strengthens ServiceNow’s software automation offerings.

  41. Relativity Space, Inc. (Announced: March 10, 2025)

    • Eric Schmidt acquired a stake in Relativity Space, Inc., an aerospace firm, on March 10, 2025. Schmidt will serve as the new CEO, driving the company’s growth. The deal was finalized on the same day.

  42. Verisurf Software, Inc. (Announced: March 10, 2025)

    • Sandvik AB signed an agreement to acquire Verisurf Software, Inc., reporting $12 million in 2024 revenue, on March 10, 2025. Verisurf will operate as a separate unit within Sandvik’s Manufacturing Solutions, with closure expected in Q2 2025. The deal awaits regulatory approvals.

  43. Altify, Inc. (Announced: March 11, 2025)

    • Gallant Capital Partners, LLC acquired Upland Altify from Upland Software, Inc. on March 11, 2025. Patrick Morrissey and Anthony Reynolds return to lead Altify as CEO and board member, respectively. The deal was completed on the same day.

  44. Chatauqua Labs, Inc. (Announced: March 11, 2025)

    • Cinelytic, Inc. acquired Chatauqua Labs, Inc. on March 11, 2025. The deal expands Cinelytic’s portfolio in the unclassified sector. The transaction was finalized promptly.

  45. Deep 6 AI Inc. (Announced: March 11, 2025)

    • Tempus AI, Inc. acquired Deep 6 AI Inc., a health care tech firm, on March 11, 2025. Latham & Watkins advised Tempus during the transaction. The deal, enhancing Tempus’ health tech offerings, was completed on the same day.

  46. Gammalux Lighting Systems (Announced: March 11, 2025)

    • Elemental Led, Inc. acquired Gammalux Lighting Systems from Phil Incikaya on March 11, 2025. Gammalux joins Elemental’s brand portfolio, maintaining its Southern California manufacturing center. The deal, facilitated by Merrimack Group, was finalized swiftly.

  47. MSI Automate LLC (Announced: March 11, 2025)

    • Tompkins Solutions Inc. plans to merge with MSI Automate LLC on March 11, 2025, retaining the Tompkins Solutions brand. Grays Peak Capital and Valore Ventures are the financial sponsors for the combined entity. The merger aims to enhance their software offerings.

  48. Nat, Inc. (Announced: March 11, 2025)

    • Mindtrip, Inc. acquired Nat, Inc., a software firm, on March 11, 2025. The deal bolsters Mindtrip’s application software portfolio. The transaction was completed on the same day.

  49. TRE Holdings, Inc. (Announced: March 11, 2025)

    • Gemspring Capital LLC acquired Appriss Retail from Clearlake Capital and Insight Venture on March 11, 2025. Evercore and Willkie Farr advised Appriss Retail, with McDermott Will & Emery supporting Gemspring. The deal, expanding Gemspring’s tech portfolio, was finalized promptly.

  50. Tristar Digital Services (Announced: March 11, 2025)

    • CarData, Inc. and Velocity Automotive Marketing acquired Tristar Digital Services on March 11, 2025. The deal enhances their advertising capabilities in the tech and media sector. The transaction was completed on the same day.

  51. Cortigent, Inc. (Announced: March 12, 2025)

    • Vivani Medical, Inc. agreed to spin off Cortigent, Inc. as an independent public company on March 12, 2025, with completion expected by Q3 2025. CEO Jonathan Adams will lead Cortigent, advised by ThinkEquity, post-spin-off. The tax-free deal allows Vivani to focus on its drug implant business.

  52. Creative Genius, LLC (Announced: March 12, 2025)

    • Project Aster Acquisition, LLC acquired Creative Genius, Inc. from Vera Bradley Holdings, LLC for $1 million on March 12, 2025, finalized on March 31, 2025. The deal includes cash and contingent payments over two years, advised by Ice Miller and Cypress, LLP. It transitions Creative Genius into new ownership in the consumer goods sector.

  53. ESL Gaming Online, Inc. (Announced: March 12, 2025)

    • Moonsworth, LLC acquired Badlion from ESL Gaming GmbH on March 12, 2025. The deal expands Moonsworth’s interactive media and services portfolio. The transaction was completed on the same day.

  54. Tastemade, Inc. (Announced: March 12, 2025)

    • Wonder Group, Inc. acquired Tastemade, Inc. for $90 million on March 12, 2025, advised by Latham & Watkins and Fenwick & West. The deal enhances Wonder Group’s broadcasting capabilities in the media sector. The transaction was finalized swiftly.

  55. Seasoned LLC (Announced: March 13, 2025)

    • JobGet Inc. acquired Seasoned LLC, a media and entertainment firm, on March 13, 2025. The deal strengthens JobGet’s interactive media services offerings. The transaction was completed on the same day.

  56. Built Insurance Brokerage, Inc. (Announced: March 14, 2025)

    • Alkeme Holdings, LLC acquired Built Insurance Brokerage, Inc. on March 14, 2025, advised by Sica Fletcher, LLC. The deal expands Alkeme’s insurance brokerage portfolio in California. The transaction was finalized promptly.

  57. Epimeron USA, Inc. (Announced: March 14, 2025)

    • Mycofeast Ltd agreed to acquire Epimeron USA, Inc. from Willow Biosciences Inc. for $3.4 million on March 14, 2025, pending shareholder approval. The deal, including Epimeron’s biotech assets, is set to close by April 30, 2025, with a $0.5 million termination fee if canceled. It aims to refocus Willow’s resources on debt reduction.

  58. Natural Synthetics Inc. (Announced: March 14, 2025)

    • X.AI Corp. acquired Hotshot, a systems software firm, on March 14, 2025. Latham & Watkins advised Hotshot during the transaction. The deal, enhancing X.AI’s tech portfolio, was completed on the same day.

  59. Undisclosed Insurance Agency (Announced: March 14, 2025)

    • Alkeme Holdings, LLC acquired an undisclosed insurance agency on March 14, 2025, advised by Sica Fletcher, LLC. The deal further expands Alkeme’s presence in the financial sector. The transaction was finalized swiftly.

  60. Vantage Discovery, Inc. (Announced: March 14, 2025)

    • Shopify Inc. acquired Vantage Discovery, Inc., a tech firm, on March 14, 2025. The deal bolsters Shopify’s IT consulting and services capabilities. The transaction was completed on the same day.

  61. Adaptive Plus, Inc. (Announced: March 17, 2025)

    • Newry Global Media SL acquired Adaptive Plus, Inc. from Dos Bahá and Yerbol Kopzhassar on March 17, 2025, after an agreement in November 2024. The deal expands Newry’s media portfolio in California. The transaction was finalized promptly.

  62. Cyral Inc. (Announced: March 17, 2025)

    • Varonis Systems, Inc. acquired Cyral Inc., a tech firm, on March 17, 2025, advised by Gunderson Dettmer. The deal enhances Varonis’ data security software offerings. The transaction was completed on the same day.

  63. Gamers Net, Inc. (Announced: March 17, 2025)

    • ESL FACEIT Group acquired Gamers Net, Inc. on March 17, 2025, with Gamers Net operating as a standalone business. America’s Growth Capital advised Gamers Net during the transaction. The deal, expanding ESL FACEIT’s media portfolio, was finalized swiftly.

  64. Glidian Inc. (Announced: March 17, 2025)

    • TIS International (USA), Inc. acquired Glidian Inc., a health care tech firm, on March 17, 2025, advised by Argus Partners. The deal strengthens TIS’s health care technology offerings. The transaction was completed on the same day.

  65. 3bears.ai, Inc. (Announced: March 18, 2025)

    • Base Ltd. acquired 3bears.ai, Inc., a tech firm, on March 18, 2025. The deal enhances Base Ltd.’s software portfolio. The transaction was finalized promptly.

  66. Blue Marble Communications, Inc. (Announced: March 18, 2025)

    • T2S, LLC acquired Blue Marble Communications, Inc. on March 18, 2025, advised by Kroll Securities and Alston & Bird. The deal bolsters T2S’s electronic equipment offerings in the tech sector. The transaction was completed on the same day.

  67. NeuroTrainer, Inc. (Announced: March 18, 2025)

    • Smileyscope Holding Inc. acquired NeuroTrainer, Inc. on March 18, 2025, with NeuroTrainer’s CEO Noah Rolland taking the helm at Smileyscope. The deal enhances Smileyscope’s health care equipment portfolio. The transaction was finalized swiftly.

  68. North Coast Logistics, Inc. (Announced: March 18, 2025)

    • Cobalt Wine Logistics LLC acquired North Coast Logistics, Inc., a transportation firm, on March 18, 2025. The deal strengthens Cobalt’s logistics capabilities in the wine industry. The transaction was completed on the same day.

  69. San Francisco Baseball Associates, LLC (Announced: March 18, 2025)

    • Sixth Street Partners, LLC acquired a 10% stake in San Francisco Baseball Associates, LLC on March 18, 2025, advised by The Raine Group and Pillsbury Winthrop. The deal, supported by PJT Partners and Latham & Watkins for Sixth Street, marks a strategic investment in sports entertainment. The transaction was finalized promptly.

  70. Stratogent Corporation (Announced: March 18, 2025)

    • Pinnacle Technology Partners Corp acquired Stratogent Corporation, a tech firm, on March 18, 2025, advised by Tequity Advisors. The deal enhances Pinnacle’s IT service offerings. The transaction was completed on the same day.

  71. Ampere Computing LLC (Announced: March 19, 2025)

    • SoftBank Group Corp. agreed to acquire a 91.92% stake in Ampere Computing LLC for $6.5 billion on March 19, 2025, pending regulatory approvals like CFIUS. Ampere reported $16.46 million in 2024 net revenues, with the deal financed by Mizuho Bank borrowings and advised by Raine Securities. The transaction, set to close in the second half of 2025, bolsters SoftBank’s semiconductor portfolio.

  72. Blu Digital Group, Inc. (Announced: March 19, 2025)

    • Transperfect Translations B.V. acquired Blu Digital Group, Inc. on March 19, 2025, with Blu operating as a division of TransPerfect Media under CEO Paulette Pantoja. The deal enhances TransPerfect’s media service offerings. The transaction was finalized swiftly.

  73. Gretel Labs, Inc. (Announced: March 19, 2025)

    • NVIDIA Corporation acquired Gretel Labs, Inc. from multiple investors on March 19, 2025, surpassing Gretel’s $320 million valuation. Gretel’s 80 employees will join NVIDIA, integrating its tech into NVIDIA’s generative AI services. The deal was completed on the same day.

  74. London Alley Entertainment LLC (Announced: March 19, 2025)

    • VICE Media LLC acquired London Alley Entertainment on March 19, 2025, advised by Venable LLP. The deal expands VICE’s footprint in movies and entertainment. The transaction was finalized promptly.

  75. Wooler Brands, Inc. (Announced: March 19, 2025)

    • Infinium Spirits acquired Wooler Brands, Inc. from Monkey Spirit, LLC on March 19, 2025. The deal strengthens Infinium’s retail distribution portfolio in the consumer sector. The transaction was completed on the same day.

  76. Ada Diamonds, Inc. (Announced: March 20, 2025)

    • Sasha Primak acquired Ada Diamonds, Inc. from Jason Payne and Lindsay Reinsmith on March 20, 2025, relocating Ada’s NYC store to Primak’s office. David Primak will serve as Ada’s new CEO, driving its luxury goods growth. The deal was finalized swiftly.

  77. ADCO Manufacturing Inc. (Announced: March 20, 2025)

    • Massman Automation Designs, LLC acquired ADCO Manufacturing Inc., an industrial machinery firm, on March 20, 2025. The deal enhances Massman’s manufacturing capabilities in California. The transaction was completed on the same day.

  78. Dieta, Inc. (Announced: March 20, 2025)

    • Cylinder Health, Inc. acquired Dieta, Inc. from Techstars Retail Accelerator and others on March 20, 2025. The deal bolsters Cylinder’s health care technology offerings. The transaction was finalized promptly.

  79. Mecanica Scientific Services Corporation (Announced: March 20, 2025)

    • Alpine Intel acquired Mecanica Scientific Services Corporation on March 20, 2025, advised by Robinson Bradshaw and Stradling Yocca. The deal expands Alpine Intel’s research and consulting services in the industrials sector. The transaction was completed on the same day.

  80. Next Insurance, Inc. (Announced: March 20, 2025)

    • ERGO Group AG, a unit of Münchener Rückversicherungs-Gesellschaft, agreed to acquire a 71% stake in Next Insurance, Inc. on March 19, 2025, with closure expected in Q3 2025. The deal, advised by Ardea Partners and Latham & Watkins, awaits regulatory approvals. It strengthens ERGO’s insurance brokerage presence in California.

  81. Phoenix De Ventures, Inc. (Announced: March 20, 2025)

    • Indo-Mim Private Limited acquired PDV MedTech, Inc., a health care equipment firm, on March 20, 2025. The deal enhances Indo-Mim’s medical technology portfolio. The transaction was completed on the same day.

  82. Power Maintenance Services, Inc. (Announced: March 20, 2025)

    • Platt Park Capital Partners acquired Pilot Painting, LLC on March 20, 2025, with financing from Source Capital. The deal expands Platt Park’s construction and engineering portfolio. The transaction was finalized swiftly.

  83. SoraFinance, Inc. (Announced: March 20, 2025)

    • Flourish Financial LLC agreed to acquire SoraFinance, Inc. from Peterson Ventures and others on March 20, 2025, with integration expected by early 2026. Sora will remain a standalone business during the transition, supporting its clients. The deal enhances Flourish’s software offerings in the tech sector.

  84. Zouves Fertility Center (Announced: March 20, 2025)

    • Huntington Reproductive Center, Inc. acquired Zouves Fertility Center on March 20, 2025, adding Dr. Christo G. Zouves to its team. Dr. Sara Vaughn will also provide services at HRC’s Silicon Valley location. The deal was completed on the same day.

  85. Daves Hot Chicken Franchise Co., LLC (Announced: March 21, 2025)

    • Roark Capital Management LLC agreed to acquire Dave’s Hot Chicken Franchise Co., LLC for $1 billion on March 21, 2025. Dave’s Hot Chicken reported $1 billion in annual sales, reflecting its strong market presence. The deal positions Roark to expand in the restaurant sector.

  86. Everest Consolidator Acquisition Corporation (Announced: March 21, 2025)

    • Accredited Solutions, Inc. signed a letter of intent for a reverse merger with Everest Consolidator Acquisition Corporation on March 21, 2025, aiming for a Nasdaq listing. ASII shareholders will own 70% of the combined entity, with no reverse stock split required. The deal, subject to customary approvals, enhances ASII’s financial market presence.

  87. KKW Beauty, LLC (Announced: March 21, 2025)

    • Skims Body, Inc. acquired a 20% stake in KKW Beauty, Inc. from Coty Inc. on March 21, 2025, alongside an 80% stake from Kim Kardashian in a separate deal. Coty will use the proceeds to reduce debt and fund brand innovation. The transaction was finalized on the same day.

  88. Members 1st Credit Union (Announced: March 21, 2025)

    • Rogue Credit Union signed a letter of intent to acquire Members 1st Credit Union, with $340 million in assets, on March 21, 2025, pending regulatory approvals. The deal, unanimously approved by both boards, is expected to close in 2026. It expands Rogue’s financial services footprint in California.

  89. TechCrunch, Inc. (Announced: March 21, 2025)

    • Regent, L.P. acquired a majority stake in TechCrunch, Inc. from Yahoo Inc. on March 21, 2025, with Yahoo retaining a minority share. The deal strengthens Regent’s financial media portfolio. The transaction was completed on the same day.

  90. Criterion Labs, Inc. (Announced: March 24, 2025)

    • FST Technical Services, Inc. acquired Criterion Labs, Inc., an industrial research firm, on March 24, 2025. The deal enhances FST’s consulting services portfolio in California. The transaction was finalized swiftly.

  91. essaypop, LLC (Announced: March 24, 2025)

    • McGraw-Hill Education, Inc. acquired essaypop, LLC, an internet services firm, on March 24, 2025. The deal bolsters McGraw-Hill’s educational tech offerings. The transaction was completed on the same day.

  92. LegalDocumentGeneration, Inc. (Announced: March 24, 2025)

    • Rev.com, Inc. acquired LegalDocumentGeneration, Inc. on March 24, 2025, with Ely Cohn leading as General Manager of SmartDepo. The deal enhances Rev.com’s interactive media services in the legal sector. The transaction was finalized promptly.

  93. Pacific Gaming, LLC/LIF Capital Group, LLC (Announced: March 24, 2025)

    • Pollard Banknote Limited acquired Pacific Gaming LLC and LIF Capital Group, LLC for $10 million on March 24, 2025, finalized on April 1, 2025. The cash deal, funded by Pollard’s resources, awaited standard regulatory consents. It expands Pollard’s portfolio in the unclassified sector.

  94. Pasadena Gateway Villas Corporation (Announced: March 24, 2025)

    • Hines Interests Limited Partnership acquired Pasadena Gateway Villas Corporation from Washington Capital Management for $60 million on March 24, 2025. Newmark’s Kevin Shannon and team facilitated the sale for Washington Capital. The deal, enhancing Hines’ real estate portfolio, was completed on the same day.

  95. ROC Rigging Inc. (Announced: March 24, 2025)

    • Rhino Staging & Event Productions, Inc. acquired ROC Rigging Inc. on March 24, 2025, with founder Matt Talley continuing to lead. The deal strengthens Rhino’s entertainment production capabilities. The transaction was finalized swiftly.

  96. Samex Environmental Services Inc. (Announced: March 24, 2025)

    • VLS Environmental Solutions, LLC acquired Samex Environmental Services Inc. on March 24, 2025, advised by Kirkland & Ellis and White & Case. The deal expands VLS’s environmental services in the industrials sector. The transaction was completed on the same day.

  97. Stem Disintermedia Inc. (Announced: March 24, 2025)

    • Concord Music Group, Inc. acquired Stem Disintermedia Inc. on March 24, 2025, with Stem operating as a division under CEO Milana Lewis, advised by Reed Smith and Gibson Dunn. The deal spins off Stem’s Tone platform as a standalone business with Concord as an investor. It enhances Concord’s tech and media portfolio.

  98. Votaw Precision Technologies, Inc. (Announced: March 24, 2025)

    • Cerberus Capital Management, L.P. acquired Votaw Precision Technologies, Inc., an aerospace firm, on March 24, 2025, advised by D.A. Davidson & Co. The deal bolsters Cerberus’ industrials portfolio. The transaction was finalized promptly.

  99. ANSWRD, Inc. (Announced: March 25, 2025)

    • Hawke Media, LLC acquired ANSWRD, Inc., an advertising firm, on March 25, 2025. The deal enhances Hawke Media’s media and entertainment offerings. The transaction was completed on the same day.

  100. Callan Capital, LLC (Announced: March 25, 2025)

    • AlphaCore Capital LLC agreed to acquire Callan Capital, LLC on March 25, 2025, with closure expected in Q2 2025, advised by Alston & Bird and Wilmer Cutler. Trevor and Tim Callan will join AlphaCore’s Management Committee, with Ryan Callan leading a new family office service. The deal integrates Callan’s 24-person team into AlphaCore.

  101. Lasagna.one Inc. (Announced: March 25, 2025)

    • Kobe Steel, Ltd. acquired a minority stake in Lasagna.one Inc., an unclassified firm, on March 25, 2025. The deal marks Kobe Steel’s strategic investment in California’s market. The transaction was finalized swiftly.

  102. Lincoln Project (Announced: March 25, 2025)

    • Haranga Resources Limited agreed to acquire the Lincoln Project from Seduli Holdings for $6.6 million on March 25, 2025, pending regulatory and shareholder approvals. The gold mining asset is located in California’s western region. The deal expands Haranga’s materials portfolio in the U.S.

  103. MakoRabco Inc. (Announced: March 25, 2025)

    • Trachte Building Systems, Inc. acquired MakoRabco Inc., a construction firm, on March 25, 2025, advised by TKO Miller and Brown Gibbons Lang. The deal strengthens Trachte’s industrial construction capabilities. The transaction was completed on the same day.

  104. MyMedicareBot, Inc. (Announced: March 25, 2025)

    • EnrollHere, Inc. acquired MyMedicareBot, Inc., a health care tech firm, on March 25, 2025, with Michael Cho joining the leadership team. The deal enhances EnrollHere’s health care technology offerings. The transaction was finalized promptly.

  105. Napster Music Inc. (Announced: March 25, 2025)

    • Infinite Reality, Inc. acquired Napster, Inc. for $210 million on March 25, 2025, finalized on March 26, 2025, with CEO Jon Vlassopulos taking a broader role at Infinite Reality. Wilson Sonsini advised Napster during the transaction. The deal boosts Infinite Reality’s media and entertainment portfolio.

  106. Regimen, Inc. (Announced: March 25, 2025)

    • Megalabs USA, LLC acquired Regimen, Inc., a beauty products producer, on March 25, 2025. The deal expands Megalabs’ consumer goods portfolio in California. The transaction was completed on the same day.

  107. Cynetel Communications LLC (Announced: March 26, 2025)

    • ringfusion Inc. acquired Cynetel Communications LLC, an unclassified firm, on March 26, 2025. The deal enhances ringfusion’s portfolio in California. The transaction was finalized swiftly.

  108. Innovative Artists Talent and Literary Agency, Inc. (Announced: March 26, 2025)

    • Coral Tree Partners acquired a minority stake in Innovative Artists Talent and Literary Agency, Inc. on March 26, 2025, rebranding it as Innovative Artists Entertainment, advised by Houlihan Lokey and Kirkland & Ellis. The agency will continue under CEO Scott Harris’ leadership. The deal expands Coral Tree’s media and entertainment investments.

  109. 351 California Street (Announced: March 27, 2025)

    • Tidewater Capital acquired a majority stake in 351 California Street from Goldman Sachs Asset Management for $36 million on March 27, 2025. The deal strengthens Tidewater’s real estate holdings in California. The transaction was completed on the same day.

  110. DeepConverse Inc. (Announced: March 27, 2025)

    • Workato, Inc. acquired DeepConverse, a software firm, on March 27, 2025. The deal enhances Workato’s application software capabilities in the tech sector. The transaction was finalized promptly.

  111. Mission Ridge, 27101 and 27201 Puerta Real (Announced: March 27, 2025)

    • Kingsbarn Realty Capital, LLC and Barker Pacific Group, Inc. acquired Mission Ridge, 27101, and 27201 Puerta Real from Barings Real Estate Advisers for $32 million on March 27, 2025. CBRE Investment Properties facilitated the sale for Barings. The deal expands Kingsbarn and Barker Pacific’s real estate portfolio.

  112. Amara Organic Foods (Announced: March 28, 2025)

    • An undisclosed buyer acquired a 51% stake in PataFoods, Inc. from Eat Well Investment Group for $1.2 million on March 28, 2025, advised by Ernst & Young. The proceeds will help Eat Well reduce debt and cover transaction fees. The deal transitions PataFoods’ ownership in the consumer food sector.

  113. Anderson Valley Brewing Company (Announced: March 29, 2025)

    • Jason McConnell acquired Anderson Valley Brewing Company from the Kevin McGee family on March 29, 2025. The deal marks a new chapter for the brewery in the consumer sector. The transaction was finalized on the same day.

  114. Auto-Graphics, Inc. (Announced: March 31, 2025)

    • Soutron Global Inc. acquired Auto-Graphics, Inc. from Agent Information Software for $12 million on March 31, 2025, with a 111% share price premium, advised by Telegraph Hill and Stubbs Alderton. The deal includes $10.4 million paid at closing and $1.6 million in escrow for 18 months. It enhances Soutron’s software portfolio in the tech sector.

  115. InVisit, LLC (Announced: March 31, 2025)

    • Motorola Solutions, Inc. agreed to acquire InVisit, LLC, an IT consulting firm, on March 31, 2025, with closure expected in Q2 2025. The deal aims to expand Motorola’s tech service offerings. It awaits satisfaction of closing conditions.

  116. Monterey Private Wealth, Inc. (Announced: March 31, 2025)

    • Creative Planning, LLC acquired Monterey Private Wealth, Inc., an asset management firm, on April 15, 2025, advised by ECHELON Partners. The deal strengthens Creative Planning’s financial services portfolio in California. The transaction was finalized after a March agreement.

  117. Sonim Technologies, Inc. (Announced: March 31, 2025)

    • Orbic North America LLC proposed acquiring Sonim Technologies, Inc. for $25.6 million on March 31, 2025, offering $4 per share in cash, advised by Nixon Peabody and Venable LLP. The unsolicited bid targets all outstanding shares from AJP Holding Company and others. The deal aims to expand Orbic’s tech hardware portfolio.

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