ASDAM Operations Pty Ltd Acquires Quickstep Holdings Limited

RAF Equity Acquires Automated Systems Design, Inc. (ASD)

April 1, 2023

Electrical Services

RAF Equity has acquired a controlling interest in Automated Systems Design, Inc. (ASD), an Alpharetta, Georgia–based provider of workplace technology services including low-voltage cabling, audio-visual, access control, and wireless solutions. RAF intends to support ASD’s organic growth and pursue expansion via acquisitions while ASD remains led by CEO Kevin Kiziah.

Ergomed Acquires ADAMAS Consulting Group

February 9, 2022

Healthcare Services

Ergomed plc has acquired ADAMAS Consulting Group Limited for a cash consideration of £25.6 million (enterprise value £24.2m), adding a specialist regulatory compliance and quality assurance capability to its pharmaceutical services offering. ADAMAS, which recorded £8.5m revenue and £1.8m adjusted EBITDA in 2021, will continue to operate independently with its senior management retained and is expected to be immediately accretive to Ergomed's earnings while expanding the Group's global reach.

Comply365 Acquires Aviation Safety & Quality Solutions (ASQS)

January 27, 2025

Software

Comply365, a global provider of operational content, safety and training management solutions, has signed a definitive agreement to acquire Aviation Safety & Quality Solutions S.à r.l. (ASQS), a provider of safety and compliance (SMS) management software. The acquisition expands Comply365’s SMS and compliance capabilities and strengthens its presence in Europe (ASQS is headquartered in Vienna) as an add-on to its PE-backed platform.

Thoma Bravo Completes Acquisition of QAD

November 5, 2021

Cloud & SaaS

Thoma Bravo has completed its previously announced acquisition of QAD Inc. for approximately $2.0 billion in cash, taking QAD private and delisting its common stock from Nasdaq. Thoma Bravo said it will invest in QAD's continued growth to expand the company's cloud-based manufacturing and supply chain software offerings.

Qualus Acquires ADM Associates

July 16, 2025

Energy

Qualus Corporation has acquired ADM Associates LLC, a leading U.S. energy research and EM&V firm. The deal expands Qualus' energy-efficiency, program evaluation, energy modeling, data science and software development capabilities to better serve utilities, government agencies and commercial clients across the U.S. and Canada.

Rich Sparkle Holdings Acquires Step Distinctive Limited (Khaby Lame's Core Company)

January 11, 2026

E-Commerce

Rich Sparkle Holdings (ANPA.US) announced it has completed the acquisition of Step Distinctive Limited, a core company associated with TikTok creator Khaby Lame, with Lame expected to become a controlling shareholder. The deal includes a 36-month strategic cooperation giving Anhui Xiaoheiyang Network Technology Co., Ltd. exclusive global full-chain operating rights to run livestream and short-video commerce, TikTok Shop operations, cross-border fulfillment and an AI "Digital Twin" program to scale multilingual content.