Kargo Acquires Parsec Media

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

October 13, 2022

Media & Entertainment

Parsec Capital Acquisitions Corp., a Nasdaq-listed special purpose acquisition company, executed a merger agreement with Calgary-based Enteractive Media Inc., a provider of gambling-themed broadcast and streaming content (including its PlayerVision subsidiary). The business combination is intended to take Enteractive public on Nasdaq, providing the company with access to capital to support growth and expansion, subject to customary approvals and closing conditions.

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.

Kargo Acquires CTV Platform VideoByte

February 3, 2023

Marketing & Advertising

Kargo has acquired VideoByte, a connected TV (CTV) and OTT video advertising platform, to expand its omnichannel advertising capabilities into the CTV market. VideoByte's ad-serving technology and publisher integrations will be integrated into Kargo's platform to deliver new CTV formats and drive deeper cross-screen advertising experiences for brands and publishers.

Prodege Acquires AdGate Media

July 11, 2022

Marketing & Advertising

Prodege, a marketing and consumer insights platform, has acquired AdGate Media, a New York–based digital advertising company that connects users of websites and apps with premium brands. The acquisition expands Prodege’s audience and ad monetization capabilities as it continues building its consumer insights and advertising portfolio.

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.

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.