Parsec Capital Acquisitions Corp. to Combine with Enteractive Media Inc.

Kargo Acquires Parsec Media

March 31, 2022

Marketing & Advertising

Mobile ad exchange Kargo has acquired the attention-sales platform Parsec Media, gaining Parsec's attention-measurement tech and a screen-takeover mobile ad format. Kargo will integrate Parsec's technology to offer advertisers a cost-per-second attention currency while Parsec's spun-off measurement business, Adelaide, will retain remaining assets and its workforce.

IT Service Alliance Acquires The Parsec Group

August 30, 2024

IT Services

IT Service Alliance (ITSA), a majority employee- and management-owned outsourced IT manager, has acquired The Parsec Group, a provider of critical infrastructure and legacy operating-system managed services headquartered in Arvada, Colorado. Rejigg facilitated the introduction between the parties; the deal closed on August 30, 2024 and is intended to expand ITSA's U.S. footprint and service capabilities.

Universal Logistics Holdings Acquires Parsec Rail Terminal Operator

September 30, 2024

Logistics & Distribution

Universal Logistics Holdings, Inc. acquired Parsec (including Parsec Intermodal of Canada ULC and OB Leasing, LLC) for $193.6 million. Parsec is a Cincinnati-based provider of rail terminal management, drayage and intermodal services with ~2,100 employees and $230.2 million of trailing-twelve-month revenue; the business will operate within Universal's contract logistics segment to expand its rail terminal capabilities and is expected to be immediately accretive.

Modera Wealth Management Acquires Parsec Financial

May 1, 2023

Wealth Management

Modera Wealth Management has acquired the Parsec Financial team, bringing Parsec's Asheville-based advisory practice into Modera and creating a combined firm with over $10.5 billion AUM and more than 180 employees across 14 East Coast offices. The transaction was completed with backing from Modera's existing minority equity partner, TRIA Capital Partners; Parsec leadership will take senior roles within Modera.

OpenGate Capital Acquires Player One Amusement Group from Cineplex

February 5, 2024

Media & Entertainment

OpenGate Capital has completed the acquisition of Player One Amusement Group (P1AG) from Cineplex for CAD 155 million. OpenGate will partner with P1AG’s management and invest in people, infrastructure, deployable assets and systems to support organic growth and pursue accretive acquisitions across North America.

Entercom Acquires QL Gaming Group

November 9, 2020

Data & Analytics

Entercom Communications Corp. has acquired direct-to-consumer sports data and iGaming affiliate platform QL Gaming Group in an all-cash transaction valued at approximately $32 million. The deal brings QL Gaming's BetQL app, analytics and subscription capabilities into Entercom's sports audio, podcast and RADIO.COM ecosystem to expand data-driven offerings for sports fans.