Tracked deals
862
862 tracked deals across 2025.
Tracked deals
862
862 tracked deals across 2025.
Buyer mix
Strategic-led
767 strategic · 283 pe
Top trend
Volume peaked in 2022
1122 tracked deals announced in 2022.
Buyer Snapshot
Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| COVU, Inc. | 5 | AI-native platform that provides technology, operational ... | Strategic |
| Inszone Insurance Services | 5 | Full-service national insurance brokerage offering commer... | Strategic (PE-backed) |
| Nvidia | 4 | Designer and manufacturer of GPUs and AI/data-center hard... | Strategic |
| Verdantas | 4 | Digitally enabled technical consulting firm serving envir... | Strategic (PE-backed) |
| Arcline Investment Management | 3 | Growth-oriented private equity firm (~$20B AUM) focused o... | PE |
| California American Water | 3 | Regulated water and wastewater utility (subsidiary of Ame... | Strategic |
| Century Park Capital Partners | 3 | Los Angeles-based private equity group investing in famil... | PE |
| Creative Planning, LLC | 3 | Independent wealth management firm providing financial pl... | Strategic (PE-backed) |
| Cvent | 3 | Meetings, events, and hospitality technology provider off... | Strategic (PE-backed) |
| LUV Car Wash | 3 | National express car wash operator focused on acquiring a... | Strategic |
Last 10 years
Supporting Data
Beacon Pointe Advisors has acquired Litman Gregory Wealth Management, a $2.7 billion registered investment adviser previously affiliated with iM Global Partner, in a deal that closed December 31, 2025. The acquisition expands Beacon Pointe's national footprint—strengthening its presence in Northern California and establishing a new office in Missouri—while adding an 18-person advisory team and specialist planning capabilities.
PureStar has acquired Emerald Textiles from Pacific Avenue Capital Partners, closing on December 30, 2025. The deal combines PureStar's hospitality laundry platform with Emerald's West Coast healthcare linen operations, creating a scaled, diversified commercial laundry provider backed by Cornell Capital.
Cvent completed its acquisition of ON24, an AI-driven intelligent engagement and webinar platform for B2B enterprise sales and marketing. The deal expands Cvent’s event management portfolio by unifying in-person, hybrid, and virtual experiences into a connected Total Event Program and adding ON24’s enterprise-grade webinar and digital engagement capabilities.
Dentira, a San Francisco-based procure-to-pay SaaS provider for dental practices and multi-site healthcare operators, has received a strategic growth investment from Vista Equity Partners. The funding will support Dentira's product development—including AI-driven capabilities and its Lab Marketplace & Automation Suite—to scale the company's platform across thousands of practices and DSOs.
Inszone Insurance Services, a Sacramento-based national insurance brokerage, has acquired Shahinian Insurance Services, Inc., a California-based specialty agency founded in 1974 known for event liability, vendor programs and a long-standing risk purchasing group. Shahinian will continue operating under its existing team while gaining Inszone's national platform, carrier access and operational resources to support continued growth.
ServiceNow has completed its acquisition of Armis, a cyber exposure management and cyber-physical security company, for approximately $7.75 billion in cash. The deal adds real-time cyber asset discovery and protection across IT, OT, IoT, medical devices, code, and cloud to expand ServiceNow’s security and risk platform and enable automated, governed remediation.
ClickUp has acquired Codegen, an AI-powered code generation and agentic AI platform, bringing Codegen's technology and team into ClickUp to accelerate development of its Super Agents. The deal integrates Codegen founder Jay Hack into ClickUp as Head of AI and aims to expand ClickUp's AI capabilities for autonomous, enterprise-grade workflow and software generation.
Pye-Barker Fire & Safety acquired United Fire Solutions, a full-service fire protection company based in Murrieta, California. The transaction expands Pye-Barker's presence in Southern California and adds United Fire's capabilities in fire suppression, sprinkler systems, commercial kitchen and vehicle suppression, and emergency lighting.
Maridea Wealth Management has acquired Hyperion Accounting Group and launched a dedicated Tax & Business Services unit. David Papotta, leader of Hyperion, will join Maridea as Director of Tax & Business Services as the firm expands its integrated financial, tax, and business-advisory offerings.
CookUnity has acquired flavrs, a shoppable-video platform for immersive food discovery, to integrate a video-first discovery and commerce layer into its chef-to-consumer meal delivery service. The deal aims to deepen consumer engagement, drive conversion and retention, and expand CookUnity's content-driven ordering experience.
ProSites, a Rockbridge Growth Equity-backed platform, has acquired GeniusVets, a veterinary marketing and client-engagement platform. The acquisition folds GeniusVets into ProSites' LifeLearn brand to expand AI-enabled marketing, client communication, and education tools for veterinary practices nationwide.
Engage PEO has acquired Aspen HR, a San Francisco-area professional employer organization (PEO) founded in 2017, to expand Engage's national footprint and deepen its presence in California and the alternative investment sector. The deal combines Aspen HR's white-glove HR services and industry expertise with Engage's compliance-focused consulting, risk management capabilities, and national benefits programs.
Olo has completed the acquisition of Spendgo, a loyalty and guest engagement platform, to integrate loyalty capabilities into Olo's restaurant technology suite. Spendgo's leadership will join Olo and the combined offering will enable unified guest profiles, deeper personalization, and expanded loyalty functionality for restaurant brands.
JohnsByrne, a GHK Capital Partners–backed premium folding carton and specialty packaging platform, has acquired Municipal Packaging, a Los Angeles–based custom packaging provider. The acquisition adds two facilities and 75 employees, expanding JohnsByrne’s West Coast footprint and strengthening its capabilities in the health & beauty and premium specialty packaging markets.
Savage Ventures has acquired Sporked.com, the food-focused digital media brand founded by Mythical, to expand its digital publishing and social video portfolio. Mythical will exit ownership of the brand while Sporked’s editor-in-chief and existing full-time team will continue under Savage ownership; terms were not disclosed.
Cyient Semiconductors signed a definitive agreement to acquire a majority stake in Kinetic Technologies for total consideration of up to USD 93 million, as part of a scaled custom power semiconductor platform strategy. The transaction later closed with Cyient investing USD 85 million, combining Cyient’s spec-to-silicon/custom ASIC/ASSP capabilities with Kinetic’s power management and protection analog/mixed-signal IC portfolio.
Filevine has acquired Pincites, an AI-powered contract drafting and redlining tool built natively for Microsoft Word, bringing the full Pincites team into Filevine to create "LOIS for Word." The acquisition expands Filevine's Legal Operating Intelligence System (LOIS) into Word-native drafting and redlining capabilities and strengthens its push into corporate/transactional legal workflows.
Trump Media & Technology Group (TMTG) and fusion-energy developer TAE Technologies (TAE) have signed a definitive all-stock merger agreement valued at more than $6 billion. The combined company is expected to pursue utility-scale fusion deployment, with site selection and construction of a first 50 MWe plant targeted for 2026, and planned leadership shared between Devin Nunes (TMTG) and Dr. Michl Binderbauer (TAE).
Coursera and Udemy signed a definitive all-stock merger agreement valued at about $2.5 billion to combine their online learning platforms into a larger skills and workforce development business aimed at the AI era. Coursera later announced the transaction closed on May 11, 2026, with Udemy delisted from NASDAQ and continuing shareholders receiving 0.800 shares of Coursera for each Udemy share.
Pattern Group Inc. (NASDAQ: PTRN) has acquired NextWave, a Los Angeles-based TikTok commerce agency that specializes in creator-led product discovery, TikTok Shop operations, live selling, and affiliate acceleration. The deal expands Pattern's social commerce and creator capabilities by adding NextWave's TikTok Shop Partner and Creator Affiliate Partner expertise along with a network of managed creators and affiliates.
LandGate Corp. has acquired Topos in an all-cash transaction to integrate Topos’ AI-powered insights for faster due diligence on battery storage, renewable energy and power projects into LandGate’s site-selection platform. The deal expands LandGate’s data and AI capabilities—reducing time-to-market for energy and infrastructure projects and strengthening its position serving developers, utilities, ISOs and financial sponsors.
Affiliates of Caldicot Capital and Tamarix Capital Partners recapitalized Custom Tours, Inc., doing business as Kushner & Associates, in a transaction that closed December 18, 2025. Founder/CEO Susan Kushner will remain as CEO and retain a significant ownership stake while meaningful equity was granted to employees; terms were not disclosed.
Humanz announced a $15 million funding round and the strategic acquisitions of Ubiquitous and Bambassadors to accelerate its AI product roadmap and expand capabilities in the creator economy. The deals broaden Humanz's U.S. footprint and add UGC and performance-marketing technology to its influencer-marketing platform.
CivicPlus, a public-sector SaaS provider, has acquired Streamline, a Sacramento-based provider of special-district website solutions and the DocAccess PDF-to-HTML accessibility tool. The deal adds Streamline's ADA-focused conversion technology and special district workflow features to CivicPlus' Civic Impact Platform, expanding accessibility and capabilities for local governments.
VeriFast, a Toronto-based AI-powered Verification-as-a-Service platform, has acquired Opsansa, a San Francisco–based provider of automated property management support. Opsansa CEO Rowan Aldean will join VeriFast as VP of Automation to lead integration of agentic workflow automation into VeriFast’s leasing and screening platform, accelerating resident approvals and reducing operational friction for multifamily property managers.
Community West Bancshares (NASDAQ: CWBC) has agreed to merge with United Security Bancshares (NASDAQ: UBFO) in an all-stock transaction. Under the terms of the deal, United Security Bancshares shareholders will receive 0.4520 shares of Community West Bancshares for each share they own. The transaction was completed on April 1, 2026, creating a larger community banking franchise in Central California with approximately $5 billion in total assets.
Rev Delivery, a founder-led hyperlocal campus delivery operator, has acquired YC-backed Duffl, combining Duffl's early scale, brand and data with Rev's rapid growth and operating team. The deal unifies two campus-focused delivery networks to accelerate expansion of licensed, student-run delivery hubs and compound operational learnings across hundreds of planned new stores.
Oakley Capital Fund VI has made an investment in Low Tides Holdings LLC, a partnership entity formed with luxury apparel and lifestyle brand James Perse. The capital will support James Perse's global expansion and marketing initiatives while backing its retail and direct-to-consumer growth.
Enjoin, a 3 Boomerang Capital portfolio company, has acquired Pediatric Resource Group (PRG), a pediatric-focused clinical documentation integrity (CDI) and physician advisory firm. The add-on expands Enjoin’s DRG assurance and revenue integrity capabilities to include pediatric and neonatal APR-DRG expertise for children’s hospitals and health systems nationwide.
Boathouse Capital announced it has realized (exited) its investment in Ontraport, a marketing automation, sales, and CRM software provider for small and medium businesses. Boathouse partnered with Ontraport founder and CEO Landon Ray during a period of growth and profitability; the firm said the exit represents a successful realization from its third fund.
Gordon Brothers has made a majority investment in the intellectual property and related consumer business of the Rachel Zoe brand. Rachel Zoe remains a significant shareholder and will continue as Founder and Chief Creative Officer while Gordon Brothers will expand licensing, product categories, experiences and distribution to drive growth.
Cyderes, a global managed cybersecurity services provider, has acquired Lucidum, a security data fabric and entity intelligence platform. The acquisition brings identity-aware data fabric capabilities into Cyderes’ portfolio to strengthen IAM, exposure management, and MDR offerings and accelerate AI-driven remediation and SaaS offerings.
Vessco Water has acquired engineered rotating-equipment specialists Unico Mechanical and Bender CCP (operating jointly as Unico-Bender). The deal, advised by Honigman, strengthens Vessco's rotating-equipment repair, heavy industrial machining, and field service capabilities for municipal, naval, and hydropower customers across the United States; terms were undisclosed.
Cvent has acquired Goldcast, an AI-powered B2B video content and webinar platform, to integrate Goldcast's automated video-clipping and content-repurposing capabilities into Cvent's event marketing and management platform. The deal will allow Cvent customers to instantly convert event moments into on-brand video content and extend the lifecycle and revenue impact of webinars and events.
CentralSquare Technologies has acquired FirstTwo, a Tiburon-based provider of real-time, map-based situational intelligence for first responders. The acquisition will integrate FirstTwo's location-based intelligence into CentralSquare's cloud-based Public Safety Suite and AI capabilities to deliver enhanced, vendor-agnostic situational awareness to public safety agencies.
Wealth Enhancement acquired Spectrum Wealth Management, an independent RIA based in Irvine, California, along with its affiliated tax practice Putman Group. The deal expands Wealth Enhancement’s integrated wealth management and tax planning capabilities and increases its presence in California, bringing the firm’s total client assets to more than $131.2 billion.
Trinity Consultants has acquired Meridian Consultants LLC, a California-based environmental and natural resource planning firm, to expand its CEQA, NEPA, and land use services across California and the Western U.S. Meridian’s leadership team will remain in place and the firm will operate within Trinity’s environmental consulting business to strengthen regulatory review, permitting, and land-use planning capabilities.
Pinterest entered into a definitive agreement to acquire tvScientific, a connected TV (CTV) performance advertising platform. The deal will combine Pinterest’s intent-rich audience signals with tvScientific’s outcome-based CTV engine, integrating tvScientific into Pinterest Performance+ and related performance products. Closing is expected in the first half of 2026, subject to regulatory review and other customary conditions.
Concurrent Investment Advisors completed the full acquisition of Next Retirement Solutions, a retirement-advisory practice overseeing roughly $10 billion in plan assets and about 150,000 plan participants. The deal brings Next Retirement’s retirement-plan capabilities in-house as Concurrent expands its retirement services and organic growth channels.
KVP International has acquired SafePath Laboratories and IVD Research (together SafePath-IVD), a Carlsbad, California–based diagnostics manufacturer and CDMO with FDA, ISO 13485 and USDA licenses. KVP will use SafePath-IVD as its dedicated research, development and manufacturing partner to expand veterinary point-of-care diagnostics while supporting SafePath-IVD's continued growth in human diagnostics and CDMO services.
Teal, the career development and job search platform, has acquired Ramped, an AI-powered automation platform that automates job applications and tailors resumes and cover letters. The acquisition will integrate Ramped’s Autopilot application automation into Teal’s suite to deepen end-to-end job search capabilities; terms were not disclosed.
Spectrotel, Inc. completed its acquisition of Mosaic NetworX, a global managed services provider and Cato Networks partner. The deal was initially announced as a signed agreement on September 17, 2025, and closed on December 11, 2025, strengthening Spectrotel’s secure networking, SASE, and SD-WAN capabilities for mid-market and enterprise customers across distributed and international environments.
WorkWise Compliance, a portfolio company of CriticalPoint, has acquired Bizhaven, an HR and workplace safety compliance provider based in Sacramento, California. The add-on acquisition expands WorkWise's HR and safety compliance capabilities, creating a broader suite of services for businesses; financial terms were not disclosed.
RKON Technologies has acquired cloud security and consulting firm ScaleSec, integrating ScaleSec’s cloud security, compliance, and managed services capabilities into RKON’s offerings. The seller was Vixul (ScaleSec’s accelerator/portfolio backer), and the transaction strengthens RKON’s multicloud security and managed services capabilities; financial terms were not disclosed.
California American Water has completed the acquisition of the Yerba Buena Water Company water system, a regulated system serving approximately 250 customers after receiving CPUC approval. The acquisition will transfer service to California American Water immediately and is part of the company’s ongoing inorganic growth in California.
Shore Rock Partners acquired a controlling stake in AMAG Technology, a Hawthorne, California–based provider of physical access control, identity and video management solutions, in a deal completed with co-investment and support from Carlson Private Capital Partners and BellTower Partners. Allied Universal retains a significant minority interest and AMAG’s management will continue leading the business as the new ownership group supports increased product investment and growth focused on mission-critical end markets such as data centers, healthcare, and education.
GoSaga, the wellness and fitness holding company founded by Geoff Schneider, acquired Squeeze Massage, a 14-unit massage and wellness franchisor, in November. GoSaga plans to rebuild the franchisor infrastructure, restart franchise sales in 2026, and leverage shared services to scale the brand within its fitness and wellness portfolio.
Checkmarx has acquired Tromzo, an AI-native startup that builds autonomous triage and remediation agents for application security, and will integrate Tromzo's reasoning engine and engineering team into the Checkmarx One platform. The acquisition brings Tromzo's founders and AI engineers into Checkmarx to power new Checkmarx Assist agents and accelerate enterprise-grade autonomous AppSec capabilities starting in early 2026.
Eli Lilly and Company agreed to acquire Adverum Biotechnologies in a cash-and-contingent-value-rights tender offer for all outstanding shares. The total consideration is $3.56 per share in cash at closing plus a CVR that could pay up to $8.91 per share upon achievement of specified milestones, with the transaction expected to close in the fourth quarter of 2025.
Cresa has acquired CMPG, a Diamond Bar-based project management firm, expanding its project management capabilities and regional footprint across Southern California. All 22 CMPG employees will join Cresa, with CMPG leaders Christie Fischetti and Dyana Elam joining as Managing Principals and Cresa retaining CMPG's Inland Empire office.
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