April 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.

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

Targets in California

California - Transaction Value and Count by Month

California — Business Sale Overview

In Apri

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. CSE Group Services Company (April 1, 2025)

    • Compre Group Holdings Limited acquired CSE Group Services Company from Groupe Covéa on April 1, 2025, enhancing its property and casualty insurance offerings in California’s financial sector, supported by regulatory approval and advised by Howden Re.

  2. Nelumbo Inc. (April 1, 2025)

    • Kuraray Holdings U.S.A., Inc. acquired Nelumbo Inc. on April 1, 2025, strengthening its specialty chemicals portfolio in the materials sector with a focus on innovative material solutions.

  3. SB Security Holdings, LLC (April 1, 2025)

    • Klotho Neurosciences, Inc. agreed to acquire SB Security Holdings, LLC from SkyBell Technologies on April 1, 2025, in a share exchange deal to bolster its unclassified technology assets, pending Nasdaq and shareholder approvals by August 2025.

  4. West Coast Financial, LLC (April 1, 2025)

    • Cerity Partners LLC acquired West Coast Financial, LLC on April 1, 2025, expanding its asset management services in California’s financial sector with a tender offer strategy to enhance client wealth management.

  5. Allakos Inc. (April 2, 2025)

    • Concentra Biosciences, LLC acquired Allakos Inc. for $30.6 million on April 2, 2025, advancing its biotechnology portfolio in the health care sector, with the deal closing on May 15, 2025, subject to tender offer conditions.

  6. California Electronic Asset Recovery, Inc. (April 2, 2025)

    • Ancor Holdings, LP acquired a minority stake in California Electronic Asset Recovery, Inc. on April 2, 2025, strengthening its environmental services in the industrials sector with a focus on asset recovery solutions.

  7. Compass EdgePoint (April 2, 2025)

    • Northstar Technologies Group, Inc. acquired a majority stake in Compass EdgePoint from Compass Datacenters on April 2, 2025, enhancing its data processing capabilities in the industrials sector with military expertise integration.

  8. Drip Labs, Inc. (April 2, 2025)

    • Block Raccoon S.A. acquired Drip Labs, Inc. on April 2, 2025, integrating its digital collectibles platform into Jupiter’s NFT ecosystem in the technology, media, and telecom sector to drive blockchain innovation.

  9. Dyooti Inc (April 2, 2025)

    • K2 Partnering Solutions, Inc. acquired Dyooti Inc on April 2, 2025, bolstering its IT consulting services in the technology, media, and telecom sector with enhanced ServiceNow expertise for global clients.

  10. Essex Skyline (April 2, 2025)

    • An undisclosed buyer acquired Essex Skyline from Essex Property Trust for $239.8 million on April 2, 2025, expanding its real estate management portfolio in California’s real estate sector with a focus on apartment homes.

  11. Kinnetic Environmental, Inc. (April 2, 2025)

    • Integral Consulting Inc. acquired Kinnetic Environmental, Inc. on April 2, 2025, enhancing its unclassified environmental consulting services to address growing demand in California’s commercial sector.

  12. MaxPreps, Inc. (April 2, 2025)

    • 2080 Media, Inc. acquired MaxPreps, Inc. from Paramount Global on April 2, 2025, strengthening its interactive media offerings in the technology, media, and telecom sector with sports content expertise.

  13. Mela Water Inc (April 2, 2025)

    • King Juice Company, Inc. acquired Mela Water Inc on April 2, 2025, expanding its soft drinks and non-alcoholic beverages portfolio in the consumer sector with a focus on health-oriented products.

  14. Peninsula Wealth, LLC (April 2, 2025)

    • EP Wealth Advisors, LLC acquired Peninsula Wealth, LLC on April 2, 2025, enhancing its asset management services in California’s financial sector, with founder Rahul Shah joining as regional director.

  15. RevNu Medical Management (April 2, 2025)

    • CareCloud, Inc. agreed to acquire RevNu Medical Management on April 2, 2025, aiming to boost its diversified support services in the industrials sector with revenue-based quarterly payments.

  16. Triangle Brass Mfg. Co., Inc. (April 2, 2025)

    • Allegion plc acquired Triangle Brass Mfg. Co., Inc. on April 2, 2025, expanding its building products offerings in the industrials sector, with owner Jason Bennett joining as general manager.

  17. Westaire Heating & Air Conditioning, Inc. (April 3, 2025)

    • Silver State Refrigeration & Hvac, LLC acquired Westaire Heating & Air Conditioning Inc. on April 3, 2025, enhancing its construction and engineering capabilities in California’s industrials sector through a cross-border expansion.

  18. Howard's Appliances, Inc. (April 4, 2025)

    • S5 Equity LLC acquired Howard's Appliances, Inc. on April 4, 2025, preserving over 200 jobs in the home improvement retail sector to maintain customer trust and operational stability.

  19. Certified Genetool (April 7, 2025)

    • Surplus Solutions LLC acquired Certified Genetool on April 7, 2025, strengthening its trading companies and distributors operations in the industrials sector with financing from TPG Twin Brook Capital Partners.

  20. Outerbase, Inc. (April 7, 2025)

    • Cloudflare, Inc. acquired Outerbase, Inc. on April 7, 2025, enhancing its application software capabilities in the technology, media, and telecom sector to improve cloud-based data management.

  21. The Lending Spot (April 7, 2025)

    • Ardri LLC acquired The Lending Spot on April 7, 2025, expanding its mortgage banking services in California’s financial sector with a focus on localized lending solutions.

  22. Advanced Earth Sciences, Inc. (April 8, 2025)

    • Verdantas LLC acquired Advanced Earth Sciences, Inc. on April 8, 2025, bolstering its construction and engineering offerings in the industrials sector to address environmental engineering demands.

  23. e-Legal Services, Inc. (April 8, 2025)

    • Magna Legal Services, LLC acquired e-Legal Services, Inc. on April 8, 2025, enhancing its research and consulting services in the industrials sector, with founders Lisa Huey and Steve Hill continuing leadership roles.

  24. FTS Tech, Inc. (April 8, 2025)

    • Apex Group Ltd. acquired FTS Tech, Inc. on April 8, 2025, adding $17 billion in assets under administration and 15 employees to its application software services in the technology, media, and telecom sector.

  25. Holiday Inn Victorville (April 8, 2025)

    • Nightfood Holdings, Inc. signed a letter of intent to acquire Holiday Inn Victorville for $46 million on April 8, 2025, aiming to expand its hotels, resorts, and cruise lines portfolio in the consumer sector, subject to due diligence.

  26. Kandu Health, Inc. (April 8, 2025)

    • Kandu Health, Inc. acquired Neurolutions, Inc. on April 8, 2025, merging health care services with a $30 million financing to advance stroke recovery solutions in California’s health care sector.

  27. Planned Asset Management, LLC (April 8, 2025)

    • Modern Wealth Management, LLC acquired Planned Asset Management, LLC on April 8, 2025, integrating a team of seven financial professionals to enhance its asset management services in the financial sector.

  28. Space Vector Corporation (April 8, 2025)

    • Fisica, Inc. acquired Space Vector Corporation on April 8, 2025, retaining its management team to strengthen aerospace and defense capabilities in the industrials sector.

  29. Wade Financial Advisory, Inc. (April 8, 2025)

    • Modern Wealth Management, LLC acquired Wade Financial Advisory, Inc. on April 8, 2025, onboarding 13 financial professionals to expand its asset management footprint in the financial sector.

  30. Electro-Mech Components, Inc. (April 9, 2025)

    • Advanced Manufacturing Company of America, Inc. acquired Electro-Mech Components, Inc. on April 9, 2025, enhancing its electrical components production in the industrials sector with backing from top venture firms.

  31. Neurogen Brain Balancing, LLC (April 9, 2025)

    • KRTL Holding Group, Inc. acquired Neurogen Brain Balancing, LLC on April 9, 2025, leveraging a stock-based deal with profit-sharing to grow its health care services in the health care sector.

  32. Plenty Financial, Inc. (April 9, 2025)

    • Wealthsimple Inc. acquired Plenty Financial, Inc. on April 9, 2025, integrating its co-founders to enhance application software offerings for financial tools in the technology, media, and telecom sector.

  33. Radiant Logic, Inc. (April 9, 2025)

    • Ridgeview Partners LLC acquired an unknown stake in Radiant Logic, Inc. on April 9, 2025, expanding its application software capabilities in the technology, media, and telecom sector with strategic financial backing.

  34. RPM Holding, Inc (April 9, 2025)

    • SFP Tech Holdings Berhad signed a memorandum to acquire an equity interest in RPM Holding, Inc. on April 9, 2025, aiming to enhance its unclassified operations pending due diligence review.

  35. Slingshot Finance, Inc. (April 9, 2025)

    • Magic Eden acquired Slingshot Finance, Inc. on April 9, 2025, strengthening its application software offerings in the technology, media, and telecom sector with a focus on cross-border fintech integration.

  36. South Coast Engineering Group, Inc. (April 9, 2025)

    • Greenberg Farrow Architecture Incorporated acquired South Coast Engineering Group, Inc. on April 9, 2025, enhancing its construction and engineering services in the industrials sector with regional expertise.

  37. Spineguard, Inc. (April 9, 2025)

    • Omnia Medical signed a letter of intent to acquire Spineguard, Inc. on April 9, 2025, targeting growth in the health care equipment sector pending a financial audit.

  38. Veros Credit, LLC (April 9, 2025)

    • ITOCHU International Inc. agreed to acquire a minority stake in Veros Credit, LLC on April 9, 2025, aiming to expand its multiline insurance offerings in the financial sector.

  39. Camprendy, LLC (April 10, 2025)

    • Highland Arms Enterprises, Inc. acquired Camprendy, Inc. on April 10, 2025, bolstering its construction and engineering capabilities in the industrials sector with debt financing from PineBridge Investments.

  40. San Diego County Credit Union (April 10, 2025)

    • California Coast Credit Union agreed to acquire San Diego County Credit Union on April 10, 2025, planning to operate under the California Coast brand to strengthen its banking presence in the financial sector.

  41. Terramer, Inc. (April 11, 2025)

    • Buscar Company acquired a 50% stake in Terramer, Inc. on April 11, 2025, through a stock swap to enhance its environmental services in the industrials sector with a collaborative strategy.

  42. Altera Corporation (April 14, 2025)

    • Silver Lake Technology Management, L.L.C. agreed to acquire a 51% stake in Altera Corp. from Intel for $8.8 billion on April 14, 2025, boosting its semiconductors portfolio in the technology, media, and telecom sector.

  43. Deserve, Inc. (April 14, 2025)

    • Intuit Inc. acquired Deserve, Inc. on April 14, 2025, integrating its Palo Alto and Pune teams to enhance application software capabilities in the technology, media, and telecom sector.

  44. Pexeso Inc (April 14, 2025)

    • Vobile Group Limited acquired Pexeso Inc on April 14, 2025, merging its team to strengthen application software services in the technology, media, and telecom sector.

  45. Seamgen, Inc. (April 14, 2025)

    • Itility B.V acquired an unknown majority stake in Seamgen on April 14, 2025, expanding its IT consulting services in the technology, media, and telecom sector.

  46. WorkLife Systems, Inc. (April 14, 2025)

    • TOOTRiS acquired WorkLife Systems, Inc. on April 14, 2025, enhancing its systems software offerings in the technology, media, and telecom sector with workforce management solutions.

  47. Let's Get Set, Inc. (April 15, 2025)

    • The Beans Inc. acquired Let's Get Set on April 15, 2025, boosting its application software capabilities in the technology, media, and telecom sector to support project management tools.

  48. Pinnacle Surgery Center, LLC (April 15, 2025)

    • AMSURG Corp. acquired Pinnacle Surgery Center, LLC on April 15, 2025, expanding its health care facilities in the health care sector with a focus on outpatient surgical services.

  49. StarJar LLC (April 15, 2025)

    • PLAUD, Inc acquired StarJar from Y Combinator Management on April 15, 2025, enhancing its health care technology offerings with AI-driven solutions in the health care sector.

  50. Dashworks Technologies, Inc. (April 16, 2025)

    • HubSpot, Inc. agreed to acquire Dashworks Technologies, Inc. for $25 million on April 16, 2025, aiming to improve AI search capabilities in the technology, media, and telecom sector.

  51. Fabric Genomics, Inc. (April 16, 2025)

    • GeneDx Holdings Corp. acquired Fabric Genomics, Inc. for $51 million on April 16, 2025, strengthening its health care technology portfolio with advanced genomic solutions.

  52. Inscripta, Inc. (April 16, 2025)

    • Manus Bio Inc. acquired Inscripta, Inc. on April 16, 2025, combining biotechnology expertise to drive commercial momentum in the health care sector.

  53. Niitakaya USA, Inc. (April 16, 2025)

    • O'will Corporation acquired an additional minority stake in Niitakaya USA, Inc. on April 16, 2025, expanding its food distribution network in the consumer sector.

  54. Arrow Fire Protection, Inc. (April 17, 2025)

    • Pye-Barker Fire & Safety, LLC acquired Arrow Fire Protection, Inc. on April 17, 2025, enhancing its security and alarm services in the industrials sector with a focus on the San Francisco Bay Area.

  55. Coast Sign Inc. (April 17, 2025)

    • CSFC Management Company LLC agreed to acquire Coast Sign, LLC on April 17, 2025, aiming to expand its office services in the industrials sector with a private equity-backed strategy.

  56. Fennel AI, Inc (April 17, 2025)

    • Databricks, Inc. acquired Fennel Financials LLC on April 17, 2025, boosting its application software capabilities in the technology, media, and telecom sector.

  57. Fictiv Inc. (April 17, 2025)

    • MISUMI USA, Inc. agreed to acquire Fictiv Inc. for $350 million on April 17, 2025, enhancing its application software offerings in the technology, media, and telecom sector.

  58. La Jolla Concours d'Elegance (April 17, 2025)

    • Events.com, Inc. acquired La Jolla Concours d'Elegance on April 17, 2025, expanding its movies and entertainment services in the technology, media, and telecom sector.

  59. OysterAI, Inc. (April 17, 2025)

    • DateSpot Inc acquired OysterAI, Inc. on April 17, 2025, strengthening its interactive media services in the technology, media, and telecom sector with reverse merger strategy.

  60. Zethos, Inc. (April 17, 2025)

    • Checkr, Inc. signed a definitive agreement to acquire Zethos, Inc. on April 17, 2025, aiming to enhance its application software offerings in the technology, media, and telecom sector.

  61. Henhouse Brewing Company (April 20, 2025)

    • Fort Point HenHouse acquired Henhouse Brewing Company on April 20, 2025, merging beer production capabilities in the consumer sector to form a unified brewing entity.

  62. Chahal and Associates, Inc. (April 21, 2025)

    • Earned Wealth Advisors, LLC acquired Chahal & Associates, Inc. on April 21, 2025, enhancing its research and consulting services in the industrials sector with a focus on wealth management.

  63. Cliffwater LLC (April 21, 2025)

    • An investor group led by TA Associates agreed to acquire a minority stake in Cliffwater LLC on April 21, 2025, strengthening its asset management services in the financial sector.

  64. Papaya Growth Opportunity Corp. I (April 21, 2025)

    • Forbes & Manhattan Resources Inc. agreed to acquire Papaya Growth Opportunity Corp. I for $160 million on April 21, 2025, in a reverse merger to expand its asset management operations.

  65. Turpentine, Inc. (April 21, 2025)

    • Andreessen Horowitz LLC acquired Turpentine on April 21, 2025, enhancing its publishing services in the technology, media, and telecom sector with founder Erik Torenberg joining as general partner.

  66. AlwaysOn, Inc. (April 22, 2025)

    • Apptegy, Inc. acquired AlwaysOn, Inc on April 22, 2025, bolstering its application software offerings in the technology, media, and telecom sector with a leveraged buyout approach.

  67. ClaimShark, LLC (April 22, 2025)

    • Lyric AI acquired ClaimShark Solutions from iSpace, Inc. on April 22, 2025, integrating its solutions into the Lyric 42 Platform in the unclassified sector to enhance cross-border tech capabilities.

  68. First Choice Mobile Radiology Service, LLC (April 22, 2025)

    • Mobile RadX Holdings, LLC acquired First Choice Mobile Radiology Service, LLC on April 22, 2025, expanding its health care services in the health care sector with earnout provisions.

  69. FleetLogix, Inc. (April 22, 2025)

    • LAZ Parking Ltd, LLC acquired an unknown majority stake in FleetLogix, Inc. on April 22, 2025, enhancing its diversified support services in the industrials sector through a cross-border deal.

  70. Class Companion, Inc. (April 23, 2025)

    • Panorama Education, Inc. acquired Class Companion, Inc. on April 23, 2025, strengthening its application software offerings in the technology, media, and telecom sector with educational technology solutions.

  71. Expeditionary Engineering LLC (April 23, 2025)

    • Ultra Intelligence & Communications acquired Expeditionary Engineering LLC on April 23, 2025, expanding its aerospace and defense capabilities in the industrials sector with stock-based financing.

  72. Highlight Inc. (April 23, 2025)

    • Catamorphic Co. acquired Highlight Inc. on April 23, 2025, integrating its co-founders to enhance application software services in the technology, media, and telecom sector.

  73. Moondust Management (April 23, 2025)

    • Fixated LLC acquired Moondust Management on April 23, 2025, bolstering its advertising services in the technology, media, and telecom sector with a simultaneous CAMP Talent acquisition.

  74. Pacific Premier Bancorp, Inc. (April 23, 2025)

    • Columbia Banking System, Inc. agreed to acquire Pacific Premier Bancorp, Inc. for $2.1 billion on April 23, 2025, expanding its banking footprint across California and the Western U.S.

  75. Telatemp Corporation (April 23, 2025)

    • Spotsee acquired Telatemp Corporation on April 23, 2025, consolidating products under the SpotSee brand to enhance electrical components in the industrials sector.

  76. Affordable Plastics & Packaging inc (April 24, 2025)

    • Aaron Packaging Inc. acquired Affordable Plastics and Packaging Inc on April 24, 2025, expanding its containers and packaging operations in the materials sector with a focus on plastic products.

  77. Ajinomoto Althea, Inc. (April 24, 2025)

    • PCI Pharma Services acquired Ajinomoto Althea, Inc. for $20 million on April 24, 2025, enhancing its life sciences tools in the health care sector, with the deal closing on May 2, 2025.

  78. CardioDiagnostics Technologies Inc. (April 24, 2025)

    • CardioOne, Inc. acquired Cardio Diagnostics LLC on April 24, 2025, expanding its health care equipment offerings with a focus on diagnostic technologies.

  79. JetZero, Inc. (April 24, 2025)

    • United Airlines, Inc. acquired a minority stake in JetZero, Inc. on April 24, 2025, securing an option for 200 airplanes to advance its aerospace and defense strategy in the industrials sector.

  80. Maza Financial Inc. (April 24, 2025)

    • Flexbase Technologies, Inc. acquired Maza Financial Inc. for $40 million on April 24, 2025, integrating 95% of its team to enhance application software services in the technology, media, and telecom sector.

  81. Prismm, Inc. (April 24, 2025)

    • Cvent, Inc. acquired Prismm, Inc. on April 24, 2025, strengthening its application software offerings in the technology, media, and telecom sector with event management solutions.

  82. Smart ERP Solutions Inc. (April 24, 2025)

    • Mythics, Inc. acquired Smart ERP Solutions Inc. on April 24, 2025, enhancing its IT consulting services in the technology, media, and telecom sector with enterprise resource planning expertise.

  83. Solid Wood Worx (April 24, 2025)

    • Sandy Vans acquired Solid Wood Worx on April 24, 2025, consolidating home furnishings production in the consumer sector under one San Diego roof with founder Brian as Head of Product.

  84. UXReactor, Inc. (April 24, 2025)

    • Ascendion, Inc. acquired UXReactor, Inc. on April 24, 2025, expanding its IT consulting services in the technology, media, and telecom sector with a focus on user experience design.

  85. Black Hawk Acquisition Corporation (April 28, 2025)

    • Vesicor Therapeutics, Inc. agreed to acquire Black Hawk Acquisition Corporation for $70 million on April 28, 2025, in a reverse merger to enhance its asset management operations in the financial sector.

  86. Core Technology of PulsedIn, Inc. (April 28, 2025)

    • Archer Review, LLC acquired the core technology of PulsedIn, Inc. on April 28, 2025, strengthening its unclassified educational technology assets with a focus on medical training solutions.

  87. Juanitas Foods (April 28, 2025)

    • Apex Investments Management US, LLC acquired a majority stake in Juanita's Foods, Inc. on April 28, 2025, enhancing its packaged foods production in the consumer sector while retaining the De La Torre family’s involvement.

  88. LightWerks Communication Systems, Inc. (April 29, 2025)

    • Conference Technologies Inc. acquired LightWerks Communication Systems, Inc. on April 29, 2025, expanding its communications equipment offerings in the technology, media, and telecom sector.

  89. Spiteri, Narasky & Daley, LLP (April 29, 2025)

    • Aprio, LLP acquired Spiteri, Narasky & Daley, LLP on April 29, 2025, enhancing its unclassified professional services in the industrials sector with a focus on accounting expertise.

  90. Appinium, Inc. (April 30, 2025)

    • Mediafly, Inc. acquired Appinium, Inc. on April 30, 2025, strengthening its application software services in the technology, media, and telecom sector with content management solutions.

  91. HeyMint (April 30, 2025)

    • Alchemy Insights, Inc. acquired HeyMint on April 30, 2025, boosting its application software capabilities in the technology, media, and telecom sector with blockchain integration.

  92. Regulus Therapeutics Inc. (April 30, 2025)

    • Novartis AG agreed to acquire Regulus Therapeutics Inc. for $540 million on April 30, 2025, with a potential $1.7 billion including a contingent value right, enhancing its biotechnology portfolio in the health care sector.

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. 150-bed Skilled Nursing Facility and 140-bed Residential Care Facility (April 1, 2025)

• CareTrust REIT, Inc. in San Clemente, CA, acquired a 150-bed skilled nursing and 140-bed residential care facility for $34 million on April 1, 2025, enhancing its unclassified health care real estate portfolio through a joint venture with a 9.7% yield.

2. 20-story Dallas Office Tower (April 1, 2025)

• Spear Street Capital in San Francisco, CA, acquired a 20-story Dallas office tower from Harwood Inc. on April 1, 2025, expanding its unclassified real estate holdings via a foreclosure auction strategy.

3. Alphawave IP Group plc (April 1, 2025)

• QUALCOMM Incorporated in San Diego, CA, proposed to acquire Alphawave IP Group plc on April 1, 2025, aiming to strengthen its semiconductors portfolio in the technology, media, and telecom sector, with discussions extended to June 9, 2025.

4. Brown Wealth Management, LLC (April 1, 2025)

• Mission Wealth Management, LP in Santa Barbara, CA, acquired Brown Wealth Management, LLC on April 1, 2025, enhancing its asset management services in the financial sector with founder Timothy Brown joining as an equity partner.

5. CandE Candidate Experience Research and Awards Program of ERE Media, Inc (April 1, 2025)

• Survale, Inc in San Francisco, CA, acquired the CandE program from ERE Media, Inc. on April 1, 2025, bolstering its unclassified human resources assets with a focus on candidate experience research.

6. Marizyme, Inc. (April 1, 2025)

• Qualigen Therapeutics, Inc. in Carlsbad, CA, entered a non-binding agreement to acquire Marizyme, Inc. on April 1, 2025, targeting growth in the biotechnology sector pending due diligence and shareholder approval.

7. Operations of Alamitos West Health and Rehabilitation (April 1, 2025)

• The Ensign Group, Inc. in San Juan Capistrano, CA, acquired Alamitos West Health and Rehabilitation for $23.1 million on April 1, 2025, expanding its unclassified health care operations with a focus on senior care services.

8. Operations of Katella Senior Living Community (April 1, 2025)

• The Ensign Group, Inc. in San Juan Capistrano, CA, acquired Katella Senior Living Community for $34.5 million on April 1, 2025, strengthening its unclassified senior living portfolio with all-cash funding.

9. Paper Tubes & Sales Co. (April 1, 2025)

• Pacific Paper Tube, LLC in Stockton, CA, acquired Paper Tubes & Sales Co. on April 1, 2025, enhancing its packaging and materials operations in the materials sector as its second add-on acquisition.

10. Solutions First Financial Group (April 1, 2025)

• Safeguard Investment Advisory Group, LLC in Corona, CA, acquired Solutions First Financial Group on April 1, 2025, expanding its insurance brokerage services in the financial sector with a strategic market entry.

11. The Lundy Group, Inc. (April 1, 2025)

• Lee & Associates Licensing & Administration Co., LP in Westlake Village, CA, acquired The Lundy Group, Inc. on April 1, 2025, strengthening its diversified real estate activities in the real estate sector.

12. 7 TV Stations (April 2, 2025)

• Rincon Broadcasting LLC in Ventura, CA, agreed to acquire 7 TV stations from Inspiration Ministries on April 2, 2025, aiming to expand its broadcasting assets in the technology, media, and telecom sector pending FCC approval.

13. Allakos Inc. (April 2, 2025)

• Concentra Biosciences, LLC in San Diego, CA, acquired Allakos Inc. for $30.6 million on April 2, 2025, enhancing its biotechnology portfolio in the health care sector, with the deal closing on May 15, 2025.

14. Bassetti Architects PS Inc (April 2, 2025)

• HMC Group, Inc. in Ontario, CA, acquired Bassetti Architects PS Inc on April 2, 2025, bolstering its construction and engineering capabilities in the industrials sector with a focus on architectural design.

15. Black, Gould & Associates Inc. (April 2, 2025)

• Warner Pacific Insurance Services, Inc. in Westlake Village, CA, acquired Black, Gould & Associates Inc. on April 2, 2025, expanding its insurance brokerage services in the financial sector with private equity backing.

16. FPS Services, LLC (April 2, 2025)

• Congruent Solutions, Inc. in Cupertino, CA, acquired FPS Services LLC on April 2, 2025, enhancing its asset management offerings in the financial sector with a strategic focus on financial planning tools.

17. Harbor Square Athletic Club (April 2, 2025)

• The Bay Clubs Company, LLC in San Francisco, CA, acquired Harbor Square Athletic Club on April 2, 2025, strengthening its leisure facilities in the consumer sector with a regional fitness expansion.

18. Landmark Bio, PBLLC (April 2, 2025)

• Artis BioSolutions LLC in Carlsbad, CA, acquired Landmark Bio, PBLLC on April 2, 2025, expanding its pharmaceuticals services in the health care sector while maintaining Landmark as a distinct entity.

19. Metal Technology, Inc. (April 2, 2025)

• Karman Holdings Inc. in Huntington Beach, CA, acquired Metal Technology Inc for $90 million on April 2, 2025, enhancing its diversified metals and mining operations in the materials sector.

20. Peninsula Wealth, LLC (April 2, 2025)

• EP Wealth Advisors, LLC in Torrance, CA, acquired Peninsula Wealth, LLC on April 2, 2025, bolstering its asset management services in the financial sector with founder Rahul Shah joining as regional director.

21. Skilljar Inc. (April 2, 2025)

• Gainsight, Inc. in San Francisco, CA, acquired Skilljar Inc on April 2, 2025, expanding its education services in the consumer sector with a focus on customer success training solutions.

22. Truliant Consulting (April 2, 2025)

• Kinsale Holdings, Inc. in San Francisco, CA, acquired Truliant Consulting on April 2, 2025, enhancing its IT consulting services in the technology, media, and telecom sector with private equity support.

23. Agot Co. (April 3, 2025)

• HME Hospitality & Specialty Communications, Inc. in Carlsbad, CA, acquired Agot Co. on April 3, 2025, strengthening its application software offerings in the technology, media, and telecom sector with strategic advisory support.

24. Logik.io Inc. (April 3, 2025)

• ServiceNow, Inc. in Santa Clara, CA, signed a definitive agreement to acquire Logik.io Inc. on April 3, 2025, aiming to enhance its application software capabilities in the technology, media, and telecom sector.

25. Business of FarmWise Labs (April 4, 2025)

• Taylor Fresh Foods, Inc. in Salinas, CA, acquired the business of FarmWise Labs, Inc. on April 4, 2025, expanding its unclassified agricultural technology assets to improve farming efficiency.

26. Five-Building Facility on Science Center Drive In Torrey Pines (April 4, 2025)

• BioMed Realty Trust, Inc. in San Diego, CA, acquired a five-building facility from Pfizer Inc. for $255 million on April 4, 2025, enhancing its unclassified health care real estate portfolio with private equity backing.

27. Howard's Appliances, Inc. (April 4, 2025)

• S5 Equity LLC in Temecula, CA, acquired Howard's Appliances, Inc. on April 4, 2025, preserving over 200 jobs in the home improvement retail sector to maintain customer trust and operational stability.

28. KCG, Inc. (April 4, 2025)

• Foundation Building Materials, LLC in Santa Ana, CA, acquired KCG, Inc. for $600 million on April 4, 2025, bolstering its trading companies and distributors operations in the industrials sector.

29. Delta Fresh Produce (April 7, 2025)

• GrubMarket, Inc. in San Francisco, CA, acquired Delta Fresh Produce from Atanasio Panousopoulos on April 7, 2025, enhancing its food distribution network in the consumer sector with a focus on fresh produce supply.

30. Gravitas Ventures, LLC (April 7, 2025)

• Shout! Studios in Los Angeles, CA, acquired Gravitas Ventures LLC from Anthem Sports & Entertainment on April 7, 2025, expanding its movies and entertainment offerings in the technology, media, and telecom sector.

31. Outerbase, Inc. (April 7, 2025)

• Cloudflare, Inc. in San Francisco, CA, acquired Outerbase, Inc. on April 7, 2025, strengthening its application software capabilities in the technology, media, and telecom sector with a focus on data tools.

32. Plz Fix Inc. (April 7, 2025)

• Model ML Inc. in San Francisco, CA, acquired Plz Fix Inc. on April 7, 2025, enhancing its application software offerings in the technology, media, and telecom sector with AI-driven maintenance solutions.

33. Reese's Auto (April 7, 2025)

• Majco, Inc. in Moorpark, CA, acquired Reese's Auto from its family owners on April 7, 2025, expanding its diversified support services in the industrials sector with a strategic regional acquisition.

34. The Lending Spot (April 7, 2025)

• Ardri LLC in Calabasas, CA, acquired The Lending Spot on April 7, 2025, bolstering its mortgage banking services in the financial sector with a focus on localized lending solutions.

35. 243-Unit Apartment Community in Union City, CA (April 8, 2025)

• Investor Group in San Francisco, CA, acquired a 243-unit apartment community for $81.6 million on April 8, 2025, enhancing its unclassified real estate portfolio with Sares-Regis Group management.

36. Kandu Health, Inc. (April 8, 2025)

• Neurolutions, Inc. in Van Nuys, CA, acquired Kandu Health, Inc. on April 8, 2025, merging health care services with a $30 million financing to advance stroke recovery solutions in the health care sector.

37. Radix RDX LLC (April 8, 2025)

• Empower Solar, Inc. in Clovis, CA, acquired Radix RDX LLC on April 8, 2025, strengthening its other specialty retail operations in the consumer sector under the Empower Solar brand.

38. Space Vector Corporation (April 8, 2025)

• Fisica, Inc. in San Leandro, CA, acquired Space Vector Corporation on April 8, 2025, retaining its management team to enhance aerospace and defense capabilities in the industrials sector.

39. Automotive Service Property (April 9, 2025)

• Four Corners Property Trust, Inc. in Mill Valley, CA, acquired an automotive service property for $5.3 million on April 9, 2025, expanding its unclassified real estate holdings with a cash deal.

40. Charter House, LLC (April 9, 2025)

• GivBux, Inc. in Newport Beach, CA, signed a letter of intent to acquire Charterhouse LLC for $5.28 million on April 9, 2025, aiming to grow its diversified support services in the industrials sector.

41. Electro-Mech Components, Inc. (April 9, 2025)

• Advanced Manufacturing Company of America, Inc. in El Segundo, CA, acquired Electro-Mech Components, Inc. on April 9, 2025, enhancing its electrical components production in the industrials sector with venture capital support.

42. Seven Club Pilates Studios (April 9, 2025)

• Riser Fitness, LLC in Covina, CA, acquired seven Club Pilates studios from Club Pilates Franchise, LLC on April 9, 2025, expanding its unclassified fitness assets with a focus on premium fitness services.

43. Slingshot Finance, Inc. (April 9, 2025)

• Longbridge Research in San Francisco, CA, acquired Slingshot Finance, Inc. on April 9, 2025, bolstering its application software capabilities in the technology, media, and telecom sector.

44. The Union Flats (April 9, 2025)

• Investor Group in San Francisco, CA, acquired The Union Flats for $81.6 million on April 9, 2025, enhancing its unclassified real estate portfolio with a cash-funded residential development.

45. Veenstra & Kimm, Inc (April 9, 2025)

• The Kleinfelder Group, Inc. in San Diego, CA, acquired Veenstra & Kimm, Inc on April 9, 2025, strengthening its construction and engineering services in the industrials sector with expert advisory support.

46. Wine Brands and Production Facilities of Constellation Brands, Inc. (April 9, 2025)

• The Wine Group LLC in Livermore, CA, acquired wine brands and facilities from Constellation Brands for $900 million on April 9, 2025, expanding its unclassified consumer goods portfolio with premium brands.

47. 215 Castro Street, a 25,443-square-foot Office and Retail Property (April 10, 2025)

• Kenson Ventures, LLC in Palo Alto, CA, acquired 215 Castro Street for $10 million on April 10, 2025, enhancing its unclassified real estate holdings with a mixed-use property investment.

48. 42 Problems, Inc. (April 10, 2025)

• Landbase, Inc. in San Francisco, CA, acquired 42 Problems, Inc. on April 10, 2025, strengthening its application software offerings in the technology, media, and telecom sector with key hires in product and sales.

49. DigiVentures Holdings LLC (April 10, 2025)

• Integrated Specialty Coverages, LLC in Carlsbad, CA, acquired DigiVentures Holdings, LLC on April 10, 2025, expanding its insurance brokerage services in the financial sector with TravelInsurance.com leadership.

50. Grit (April 10, 2025)

• Hound Technology, Inc. in San Francisco, CA, acquired Grit on April 10, 2025, enhancing its application software capabilities in the technology, media, and telecom sector with founder Morgante Pell joining the team.

51. San Diego County Credit Union (April 10, 2025)

• California Coast Credit Union in San Diego, CA, agreed to acquire San Diego County Credit Union on April 10, 2025, aiming to unify banking operations in the financial sector with a 2026 close target.

52. Seal Electric, Inc. (April 10, 2025)

• AMPAM Parks Mechanical, Inc. in Carson, CA, acquired Seal Electric, Inc. on April 10, 2025, enhancing its construction and engineering services in the industrials sector with continued leadership under Joe Bongiovanni.

53. Two Skilled Nursing Facilities Totaling 219 Licensed Beds (April 10, 2025)

• Kalesta Healthcare Group in Rocklin, CA, acquired two skilled nursing facilities totaling 219 beds on April 10, 2025, expanding its unclassified health care assets with $40.5 million bridge financing.

54. AlphaMark Advisors, LLC (April 11, 2025)

• EP Wealth Advisors, LLC in Torrance, CA, acquired AlphaMark Advisors, LLC on April 11, 2025, bolstering its asset management services in the financial sector with four team members joining.

55. Select Facilities and Assets in Arizona of Nikola Corporation (April 11, 2025)

• Lucid Group, Inc. in Newark, CA, agreed to acquire select Arizona facilities from Nikola Corporation on April 11, 2025, enhancing its unclassified manufacturing capacity via a bankruptcy auction deal.

56. Spectacles (April 11, 2025)

• Google LLC in Mountain View, CA, acquired Spectacles on April 11, 2025, expanding its unclassified tech assets with a focus on innovative wearable technology.

57. TermSheet, LLC (April 11, 2025)

• Intapp, Inc. in Palo Alto, CA, acquired TermSheet, LLC for $72 million on April 11, 2025, integrating its team to enhance unclassified software solutions in the industrials sector.

58. Terramer, Inc. (April 11, 2025)

• Buscar Company in Marina Del Rey, CA, acquired a 50% stake in Terramer, Inc. on April 11, 2025, strengthening its environmental services in the industrials sector through a stock swap deal.

59. 422,136-square-foot Imeson Commerce Center in Jacksonville (April 14, 2025)

• CIP Real Estate in Irvine, CA, acquired the Imeson Commerce Center for $53.8 million on April 14, 2025, expanding its unclassified real estate portfolio with a cash-funded industrial property.

60. Altera Corporation (April 14, 2025)

• Silver Lake Technology Management, L.L.C. in Menlo Park, CA, agreed to acquire a 51% stake in Altera Corp. from Intel for $8.8 billion on April 14, 2025, enhancing its semiconductors portfolio.

61. Ares Acquisition Corporation II (April 14, 2025)

• Kodiak Robotics, Inc. in Mountain View, CA, entered a business combination agreement to acquire Ares Acquisition Corporation II for $3.3 billion on April 14, 2025, aiming to expand its asset management operations.

62. VSM Engineering, LLC (April 14, 2025)

• QK Inc. in Visalia, CA, acquired VSM Engineering, LLC on April 14, 2025, enhancing its construction and engineering services in the industrials sector with a team of over 150 experts.

63. WorkLife Systems, Inc. (April 14, 2025)

• Tootris, LLC in San Diego, CA, acquired WorkLife Systems, Inc. on April 14, 2025, strengthening its systems software offerings in the technology, media, and telecom sector.

64. Applied Products, Inc. (April 15, 2025)

• Bertram Capital Management, LLC in Foster City, CA, acquired Applied Products, Inc. on April 15, 2025, expanding its specialty chemicals portfolio in the materials sector with a leveraged buyout.

65. Crunch Holdings, LLC (April 15, 2025)

• Leonard Green & Partners, L.P. in Los Angeles, CA, acquired a majority stake in Crunch LLC on April 15, 2025, enhancing its leisure facilities in the consumer sector with a focus on fitness expansion.

66. Fairhaven Wealth Management, LLC (April 15, 2025)

• Pure Financial Advisors, LLC in San Diego, CA, acquired Fairhaven Wealth Management, LLC on April 15, 2025, bolstering its asset management services in the financial sector with private equity support.

67. Further Advisory (April 15, 2025)

• Tredence Inc. in San Jose, CA, acquired Further Advisory on April 15, 2025, enhancing its IT consulting services in the technology, media, and telecom sector with data analytics expertise.

68. Glean Analytics, Inc. (April 15, 2025)

• Pipe Technologies Inc. in San Francisco, CA, acquired Glean Analytics, Inc. on April 15, 2025, strengthening its application software offerings in the technology, media, and telecom sector.

69. iCAD, Inc. (April 15, 2025)

• RadNet, Inc. in Los Angeles, CA, agreed to acquire iCAD, Inc. for $99 million on April 15, 2025, enhancing its health care technology portfolio with a stock-based deal pending shareholder approval.

70. Joemax Telecom, LLC (April 15, 2025)

• Pearce Services, LLC in Paso Robles, CA, acquired Joemax Telecom, LLC on April 15, 2025, expanding its construction and engineering services in the industrials sector with telecom infrastructure focus.

71. Let's Get Set, Inc. (April 15, 2025)

• The Beans Inc. in San Francisco, CA, acquired Let's Get Set, Inc. on April 15, 2025, boosting its application software capabilities in the technology, media, and telecom sector.

72. Munson Insurance Agency, Inc. (April 15, 2025)

• Inszone Insurance Services, Inc in Rancho Cordova, CA, acquired Munson Insurance Agency on April 15, 2025, enhancing its insurance brokerage services in the financial sector with a strategic acquisition.

73. Second Avenue Software, Inc. (April 15, 2025)

• zSpace, Inc. in San Jose, CA, acquired Second Avenue Software, Inc. on April 15, 2025, strengthening its interactive home entertainment offerings in the technology, media, and telecom sector.

74. ShoprTV, Inc. (April 15, 2025)

• WizRocket Inc. in San Francisco, CA, acquired ShoprTV, Inc. on April 15, 2025, enhancing its application software capabilities in the technology, media, and telecom sector with e-commerce solutions.

75. StarJar LLC (April 15, 2025)

• PLAUD, Inc in San Francisco, CA, acquired StarJar LLC on April 15, 2025, expanding its health care technology offerings in the health care sector with AI-driven health tools.

76. State of the Art Facility in Kelowna, British Columbia (April 15, 2025)

• SmartStop Self Storage REIT, Inc. in Ladera Ranch, CA, acquired a state-of-the-art facility for CAD 63.8 million on April 15, 2025, enhancing its unclassified real estate portfolio with a cross-border deal.

77. Substantially All Assets of Dynamic Aerostructures, Inc. (April 15, 2025)

• Avem Partners in Manhattan Beach, CA, acquired substantially all assets of Dynamic Aerostructures, Inc. on April 15, 2025, bolstering its unclassified aerospace assets via a court-supervised sale.

78. Crown Advisory Group (April 16, 2025)

• Forensic Payroll Consultants, Inc. in Whittier, CA, entered a merger agreement to acquire Crown Advisory Group on April 16, 2025, aiming to enhance its research and consulting services in the industrials sector.

79. Qualified Retirement Plan Services, Inc. (April 16, 2025)

• Blueridge Associates LLC in Santa Monica, CA, acquired Qualified Retirement Plan Services, Inc. on April 16, 2025, strengthening its human resource services in the industrials sector.

80. Tim Crawford Insurance Agency, Inc. (April 16, 2025)

• ALKEME INC. in Ladera Ranch, CA, acquired Tim Crawford Insurance Agency, Inc. on April 16, 2025, expanding its insurance brokerage services in the financial sector.

81. Vitamin Shoppe, LLC (April 16, 2025)

• Investor Group in Los Angeles, CA, acquired Vitamin Shoppe, LLC on April 16, 2025, enhancing its other specialty retail operations in the consumer sector, with CEO Sharon Leite returning to lead.

82. Accuidity Capital Management (April 17, 2025)

• Forge Global Holdings, Inc. in San Francisco, CA, entered a non-binding letter of intent to acquire Accuidity Capital Management on April 17, 2025, targeting unclassified financial growth with a $10 million cash deal.

83. Davidson Insurance Agency, Ltd. (April 17, 2025)

• Inszone Insurance Services, Inc in Rancho Cordova, CA, acquired Davidson Insurance Agency, Ltd. on April 17, 2025, bolstering its insurance brokerage services in the financial sector.

84. Edgewood Park Apartments in Bellevue (April 17, 2025)

• Pacific Urban Residential LLC in Palo Alto, CA, acquired Edgewood Park apartments for $68.5 million on April 17, 2025, expanding its unclassified real estate portfolio with a strategic residential investment.

85. Fennel AI, Inc (April 17, 2025)

• Databricks, Inc. in San Francisco, CA, acquired Fennel AI, Inc on April 17, 2025, enhancing its application software capabilities in the technology, media, and telecom sector.

86. La Jolla Concours d'Elegance (April 17, 2025)

• Events.com, Inc. in La Jolla, CA, acquired La Jolla Concours d'Elegance on April 17, 2025, expanding its movies and entertainment services in the technology, media, and telecom sector.

87. Outback Steakhouse Property (April 17, 2025)

• Four Corners Property Trust, Inc. in Mill Valley, CA, acquired an Outback Steakhouse property for $1.6 million on April 17, 2025, enhancing its unclassified real estate holdings with a cash deal.

88. Outliant LLC (April 17, 2025)

• Ignite Visibility LLC in San Diego, CA, acquired Outliant LLC on April 17, 2025, strengthening its IT consulting services in the technology, media, and telecom sector with financing from Capital Southwest.

89. OysterAI, Inc. (April 17, 2025)

• DateSpot Inc in Mountain View, CA, acquired OysterAI, Inc. on April 17, 2025, enhancing its interactive media services in the technology, media, and telecom sector with a family succession strategy.

90. Zethos, Inc. (April 17, 2025)

• Checkr, Inc. in San Francisco, CA, signed a definitive agreement to acquire Zethos, Inc. on April 17, 2025, aiming to enhance its application software offerings in the technology, media, and telecom sector.

91. Henhouse Brewing Company (April 20, 2025)

• Fort Point HenHouse in San Francisco, CA, acquired Henhouse Brewing Company on April 20, 2025, merging beer production capabilities in the consumer sector to form a unified brewing entity.

92. Chahal and Associates, Inc. (April 21, 2025)

• Earned Wealth Advisors, LLC in Walnut Creek, CA, acquired Chahal & Associates, Inc. on April 21, 2025, enhancing its research and consulting services in the industrials sector.

93. Chuy's Property in Texas (April 21, 2025)

• Four Corners Property Trust, Inc. in Mill Valley, CA, acquired Chuy's Property in Texas for $2.9 million on April 21, 2025, expanding its unclassified real estate portfolio with a strong retail corridor focus.

94. ePermitHub Software LLC (April 21, 2025)

• Accela, Inc. in San Ramon, CA, acquired ePermitHub Software LLC on April 21, 2025, strengthening its internet services in the technology, media, and telecom sector with private equity support.

95. Epika Fleet Services, Inc. (April 21, 2025)

• Ares Management Corporation in Los Angeles, CA, acquired a majority stake in Epika Fleet Services, Inc. on April 21, 2025, enhancing its automotive retail operations in the consumer sector.

96. OtO Inc. (April 21, 2025)

• Rain Bird Corporation in Azusa, CA, acquired OtO Inc on April 21, 2025, expanding its household appliances production in the consumer sector with a focus on irrigation technology.

97. Phoenix Design One, Inc. (April 21, 2025)

• RDC Architects in Long Beach, CA, acquired Phoenix Design One, Inc. on April 21, 2025, bolstering its research and consulting services in the industrials sector with architectural expertise.

98. Turpentine, Inc. (April 21, 2025)

• Andreessen Horowitz LLC in Menlo Park, CA, acquired Turpentine, Inc. on April 21, 2025, enhancing its publishing services in the technology, media, and telecom sector with founder Erik Torenberg joining.

99. Clarksburg Dental Center, LLC (April 22, 2025)

• Straine Dental Management, LLC in Sacramento, CA, acquired Clarksburg Dental Center, LLC on April 22, 2025, expanding its health care services in the health care sector with a focus on dental care.

100. Demyst Data Ltd. (April 22, 2025)

• Feedzai Inc. in San Mateo, CA, acquired Demyst Data Ltd. on April 22, 2025, enhancing its application software capabilities in the technology, media, and telecom sector with CEO Mark Hookey joining.

101. Fabricate (April 22, 2025)

• TonicAI, Inc. in San Francisco, CA, acquired Fabricate from Mockaroo, LLC on April 22, 2025, expanding its unclassified tech assets with creator Mark Brocato leading product development.

102. First Choice Mobile Radiology Service, LLC (April 22, 2025)

• Mobile RadX Holdings, LLC in La Jolla, CA, acquired First Choice Mobile Radiology Service, LLC on April 22, 2025, enhancing its health care services with a cash deal in the health care sector.

103. High School E-Sports League, Inc./Playfly Sports Properties, LLC (April 22, 2025)

• Play Versus, Inc. in Los Angeles, CA, acquired High School E-Sports League, Inc. and Playfly Sports Properties, LLC on April 22, 2025, expanding its unclassified sports tech assets.

104. Novillus LLC (April 22, 2025)

• Reveleer, Inc. in Glendale, CA, acquired Novillus LLC on April 22, 2025, strengthening its health care technology offerings in the health care sector with a focus on data solutions.

105. The Park on Barton Creek (April 22, 2025)

• BH Properties, LLC in Los Angeles, CA, acquired The Park on Barton Creek on April 22, 2025, enhancing its unclassified real estate portfolio with a strategic property investment.

106. CAMP Talent LLC (April 23, 2025)

• Fixated LLC in Newport Beach, CA, acquired CAMP Talent LLC on April 23, 2025, expanding its movies and entertainment services with key hires to lead brand partnerships.

107. Electronic Components, Inc. (April 23, 2025)

• Omni-Lite Industries Canada Inc. in Cerritos, CA, acquired Electronic Components, Inc. for $0.35 million on April 23, 2025, enhancing its trading companies operations in the industrials sector.

108. GoCo.io, Inc. (April 23, 2025)

• Intuit Inc. in Mountain View, CA, signed an agreement to acquire GoCo.io, Inc. on April 23, 2025, aiming to enhance its application software capabilities in the technology, media, and telecom sector.

109. Highlight Inc. (April 23, 2025)

• Catamorphic Co. in Oakland, CA, acquired Highlight Inc. on April 23, 2025, integrating its co-founders to boost application software services in the technology, media, and telecom sector.

110. Moondust Management (April 23, 2025)

• Fixated LLC in Newport Beach, CA, acquired Moondust Management on April 23, 2025, strengthening its advertising services with a related CAMP Talent acquisition.

111. Spruce Street Software LLC (April 23, 2025)

• Currents Energy, Inc. in San Francisco, CA, acquired Spruce Street Software LLC on April 23, 2025, enhancing its application software offerings in the technology, media, and telecom sector.

112. Caribou Coffee Property in Wisconsin (April 24, 2025)

• Four Corners Property Trust, Inc. in Mill Valley, CA, acquired a Caribou Coffee property for $1.4 million on April 24, 2025, expanding its unclassified real estate portfolio with a cash deal.

113. Machinet Inc. (April 24, 2025)

• For Good AI Inc. in Campbell, CA, acquired Machinet Inc. on April 24, 2025, enhancing its application software capabilities in the technology, media, and telecom sector with a rebranding to Zencoder.

114. Maza Financial Inc. (April 24, 2025)

• Flexbase Technologies, Inc. in San Francisco, CA, acquired Maza Financial Inc. for $40 million on April 24, 2025, integrating 95% of its team to boost application software services.

115. Solid Wood Worx (April 24, 2025)

• Sandy Vans LLC in San Diego, CA, acquired Solid Wood Worx on April 24, 2025, consolidating home furnishings production in the consumer sector under one roof with founder Brian as Head of Product.

116. Fermata Energy LLC (April 25, 2025)

• Nuvve Holding Corp. in San Diego, CA, acquired Fermata Energy LLC for $0.66 million on April 25, 2025, enhancing its electronic equipment offerings in the technology, media, and telecom sector.

117. Substantially All Assets of Akoustis Technologies, Inc. (April 26, 2025)

• Tune Holdings Corp. in Hawthorne, CA, acquired substantially all assets of Akoustis Technologies, Inc. for $30.2 million on April 26, 2025, expanding its unclassified tech assets via a bankruptcy court approval.

118. Black Hawk Acquisition Corporation (April 28, 2025)

• Vesicor Therapeutics, Inc. in San Gabriel, CA, entered a business combination agreement to acquire Black Hawk Acquisition Corporation for $70 million on April 28, 2025, aiming to enhance its asset management operations.

119. Hospital Solution Business of Sabre Corporation (April 28, 2025)

• TPG Capital, L.P. in San Francisco, CA, agreed to acquire the hospital solutions business of Sabre Corporation for $1.1 billion on April 28, 2025, expanding its application software assets in the technology, media, and telecom sector.

120. Protect AI, Inc. (April 28, 2025)

• Palo Alto Networks, Inc. in Santa Clara, CA, entered a definitive agreement to acquire Protect AI on April 28, 2025, enhancing its systems software capabilities in the technology, media, and telecom sector.

121. Equity Methods, LLC (April 29, 2025)

• HGGC, LLC in Palo Alto, CA, acquired Equity Methods, LLC on April 29, 2025, strengthening its research and consulting services in the industrials sector with a leveraged buyout.

122. Intellectual Property of Cushion AI, Inc. (April 29, 2025)

• LendingClub Corporation in San Francisco, CA, acquired the intellectual property of Cushion AI, Inc. on April 29, 2025, enhancing its unclassified tech assets with founder Paul Kesserwani joining as Senior Director.

123. NBS Financial Services (April 29, 2025)

• EP Wealth Advisors, LLC in Torrance, CA, acquired NBS Financial Services on April 29, 2025, expanding its asset management services in the financial sector with key team members joining.

124. SPM Design (April 29, 2025)

• Image Options in Foothill Ranch, CA, acquired SPM Design on April 29, 2025, enhancing its movies and entertainment services in the technology, media, and telecom sector.

125. Tech-X Corporation (April 29, 2025)

• Silvaco Group, Inc. in Santa Clara, CA, acquired Tech-X Corporation for $7 million on April 29, 2025, boosting its application software offerings in the technology, media, and telecom sector.

126. C.I. Security Services (CISS) (April 30, 2025)

• Allied Universal Security Services LLC in Santa Ana, CA, acquired C.I. Security Services (CISS) on April 30, 2025, expanding its security and alarm services in the industrials sector.

127. Erica Kuhl Consulting, LLC (April 30, 2025)

• Gainsight, Inc. in San Francisco, CA, acquired Erica Kuhl Consulting on April 30, 2025, enhancing its research and consulting services in the industrials sector with private equity backing.

128. Five Self-Storage Facilities (April 30, 2025)

• Public Storage in Glendale, CA, agreed to acquire five self-storage facilities for $43.2 million on April 30, 2025, expanding its unclassified real estate portfolio with a cash deal.

129. Glean Data Inc. (April 30, 2025)

• Hex Technologies Inc. in San Francisco, CA, acquired Glean Data Inc. on April 30, 2025, strengthening its application software capabilities in the technology, media, and telecom sector.

130. HeyMint (April 30, 2025)

• Alchemy Insights, Inc. in San Francisco, CA, acquired HeyMint on April 30, 2025, enhancing its application software offerings in the technology, media, and telecom sector.

131. The Vested Group, LLC (April 30, 2025)

• Pine Services Group, LLC in San Francisco, CA, acquired The Vested Group, LLC on April 30, 2025, bolstering its IT consulting services in the technology, media, and telecom sector.

132. ThePetSitter LLC (April 30, 2025)

• Gainsight, Inc. in San Francisco, CA, acquired ThePetSitter LLC on April 30, 2025, expanding its application software capabilities in the technology, media, and telecom 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.

Copyright ©2025 William & Wall, S&P Global Market Intelligence

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March 2025 | California M&A Insights