Tracked deals
95
95 tracked deals across 2023.
Acquisitions in Minnesota in 2023
Buyer mix
Mixed buyer set
68 strategic · 59 pe
Top trend
Volume peaked in 2024
140 tracked deals announced in 2024.
Buyer Snapshot
Top Buyers
Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| Delos Capital | 2 | Lower middle-market private equity firm specializing in m... | PE |
| Genesis Park | 2 | Private equity investor focused on building value in midd... | PE |
| Iron Path Capital | 2 | Operationally focused private equity firm targeting lower... | PE |
| Ironwood Capital | 2 | Provider of subordinated debt and minority equity to midd... | Investor |
| Morgan Stanley Capital Partners | 2 | Middle-market private equity team within Morgan Stanley I... | PE |
| O2 Investment Partners | 2 | Midwestern private equity firm investing in lower middle ... | PE |
| Tower Arch Capital | 2 | Lower-middle market private equity firm that partners wit... | PE |
| Wealth Enhancement Group | 2 | National independent wealth management firm providing fin... | Strategic (PE-backed) |
| 4x4 Capital | 1 | New York-based investment platform focused on consumer, s... | PE |
| ACI Holdings Group | 1 | Platform operating asphalt and concrete installation, mai... | Strategic (PE-backed) |
Acquisition Volume in in Minnesota in 2023 by Year
Last 10 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
-
December 28, 2023
- Buyer
- Core & Main Inc.
- Target
- Granite Water Works Inc.
- Seller
- Granite Water Works Inc., Ed Molitor (owner)
- Industry
- Building Products
- Location
- Minnesota, United States
- Type
- Buyout
Core & Main Inc. has acquired substantially all of the assets of Granite Water Works Inc., a family-owned distributor of water, wastewater and storm drainage products based in Waite Park, Minnesota. The acquisition expands Core & Main’s presence and capabilities in central Minnesota and brings Granite’s local relationships and team into Core & Main’s national specialty distribution network.
-
December 19, 2023
- Buyer
- Sentinel Capital Partners
- Target
- High Bar Brands, LLC
- Seller
- Heartwood Partners Fund III, LP, Heartwood Partners
- Industry
- Manufacturing
- Location
- Minnesota, United States
- Type
- Buyout
Sentinel Capital Partners has acquired High Bar Brands, LLC, the Owatonna, Minnesota-based manufacturer and distributor of heavy-duty truck and trailer components and branded aftermarket products. Heartwood Partners (Heartwood Partners Fund III, LP) exited its investment; terms were not disclosed. High Bar operates iconic brands including Minimizer, Premier Mfg., Dieter's Accessories, Panelite, and Viking with ~225 employees across six facilities.
-
December 14, 2023
- Buyer
- Cohere Capital, Graycliff Partners LP, Brookside Capital Partners
- Target
- Phaedon
- Seller
- ICF Next, ICF International (ICFI)
- Industry
- Marketing & Advertising
- Location
- Minnesota, United States
- Type
- Divestiture
Cohere Capital has acquired Phaedon, the former U.S. Commercial Engagement division of ICF Next/ICF International, creating a standalone, technology-enabled digital engagement and loyalty business. Graycliff Partners provided a unitranche debt financing and equity co-investment to support the deal, with Brookside Capital Partners investing alongside Graycliff.
-
December 14, 2023
- Buyer
- Le Sueur Incorporated, Delos Capital, Silverfern, Ironwood Capital, Genesis Park
- Target
- Craft Pattern and Mold
- Seller
- Tony Cremers, Lisa Cremers
- Industry
- Manufacturing
- Location
- Minnesota, United States
- Type
- Addon
Le Sueur Incorporated (LSI), a portfolio company of Delos Capital, completed the acquisition of Craft Pattern and Mold, a Montrose, Minnesota-based rapid prototyping and precision metal and plastics component manufacturer. The transaction was supported by equity from Silverfern and debt/equity from Ironwood Capital and Genesis Park, and is intended to expand LSI's capabilities and provide an end-to-end manufacturing offering.
-
- Buyer
- TD&I Cable Maintenance, LLC, Tower Arch Capital
- Target
- Midwest Utility Services, LLC
- Seller
- Steve Kvistad, Bill Eckles
- Industry
- Infrastructure
- Location
- Minnesota, United States
- Type
- Addon
TD&I Cable Maintenance and private equity sponsor Tower Arch Capital have acquired Midwest Utility Services, a Minnesota-based provider of directional drilling, cable plowing and underground telecom installation and maintenance. The founder, Steve Kvistad, and minority owner, Bill Eckles, will remain as go-forward partners; financing was provided by Zions Bank and terms were not disclosed.
-
December 12, 2023
- Buyer
- MPK Equity Partners
- Target
- NewlyNamed
- Industry
- Cloud & SaaS
- Location
- Minnesota, United States
- Type
- Growth capital
MPK Equity Partners has made a strategic growth investment in NewlyNamed, a Minneapolis-based tech-enabled platform that streamlines the legal name-change process for individuals. The partnership will provide capital and strategic support to accelerate NewlyNamed's growth and expand its consumer-facing service offerings across the United States.
-
December 5, 2023
- Buyer
- Rovensa Group
- Target
- Agro-K
- Seller
- Lohini Mayo, Chapman Mayo
- Industry
- Agriculture
- Location
- Minnesota, United States
- Type
- Buyout
Rovensa Group has acquired Agro-K, a family-owned U.S. biostimulants developer founded in 1976 and based in Minneapolis. Agro-K will be integrated into Rovensa Next to strengthen Rovensa's biosolutions portfolio and accelerate its expansion in the United States; financial terms were not disclosed.
-
November 29, 2023
- Buyer
- Straightaway Tire & Auto, O2 Investment Partners
- Target
- Accurate Auto & Tire Service, Wayne's Automotive
- Industry
- Automotive
- Location
- Minnesota, United States
- Type
- Addon
Straightaway Tire & Auto, a multi-location aftermarket automotive repair platform backed by O2 Investment Partners, has completed add-on acquisitions of Accurate Auto & Tire Service (Maple Grove, MN) and Wayne's Automotive (Grand Rapids, MN). The deals expand Straightaway's presence in Minnesota and will leverage platform resources to drive localized growth; terms were not disclosed.
-
November 29, 2023
- Buyer
- Digital Mass
- Target
- Trail Two
- Industry
- IT Services
- Location
- Minnesota, United States
- Type
- Buyout
Digital Mass, a Minneapolis-based Salesforce technology firm, has acquired Trail Two, a trio of senior Salesforce development consultants. The acquisition adds experienced Salesforce implementation capability and talent as Digital Mass scales its services for mid-market and enterprise clients.
-
November 16, 2023
- Buyer
- Northland Lawn, Sport & Equipment
- Target
- Moose Lake Implement & Sport
- Seller
- James Gassert, Andrew Gassert
- Industry
- Retail
- Location
- Minnesota, United States
- Type
- Buyout
Northland Lawn, Sport & Equipment has acquired Moose Lake Implement & Sport from James and Andrew Gassert. The family-owned powersports and outdoor equipment dealership in Moose Lake, Minnesota will be renamed Northland Lawn, Sport & Equipment and continue operating at its current location.
-
November 16, 2023
- Buyer
- EventLink, Fort Point Capital
- Target
- Clamor
- Industry
- Marketing & Advertising
- Location
- Minnesota, United States
- Type
- Addon
EventLink, a portfolio company of Fort Point Capital, has acquired Clamor, an award-winning experiential and strategic marketing agency based in Minneapolis. The add-on expands EventLink's mobile tour and experiential capabilities, bringing additional scale, creative talent, and national reach to its services.
-
November 16, 2023
- Buyer
- Nepsis, Inc.
- Target
- Sevenich, Butler, Gerlach & Brazil, Ltd.
- Industry
- Accounting & Tax
- Location
- Minnesota, United States
- Type
- Buyout
Nepsis, Inc., a Minneapolis-based financial advisor and investment management firm, has acquired full-service tax, accounting and consulting firm Sevenich, Butler, Gerlach & Brazil, Ltd. (SBGB). The deal integrates SBGB into the Nepsis Family Office Framework to expand tax and accounting capabilities and enhance wealth management offerings for high-net-worth and family-owned business clients.
-
November 16, 2023
- Buyer
- Stride Consumer Partners LLC
- Target
- Odele
- Industry
- Consumer Products
- Location
- Minnesota, United States
- Type
- Growth capital
Minneapolis-based clean hair care brand Odele has received a minority growth investment from Stride Consumer Partners to fund marketing, talent and product innovation. The founders remain majority shareholders as Odele continues rapid retail and DTC expansion (available at Target, CVS and Ulta) following strong year-over-year growth.
-
November 13, 2023
- Buyer
- Eddie M's
- Target
- American Fish and Seafood Inc.
- Seller
- L.P. "Butch" Bialick (Bialick family)
- Industry
- Food & Beverage
- Location
- Minnesota, United States
- Type
- Buyout
Eddie M's has acquired and merged with Minnetonka-based American Fish and Seafood Inc., consolidating processing and distribution operations at Eddie M's 65,000 sq ft Plymouth, Minnesota facility. The deal preserves American Fish's legacy while expanding Eddie M's product assortment and capacity to serve retail and foodservice customers across the Midwest; terms were not disclosed.
-
November 9, 2023
- Buyer
- Electronic Servitor Publication Network, Inc. (XESP)
- Target
- Pointward Inc.
- Industry
- Cloud & SaaS
- Location
- Minnesota, United States
- Type
- Buyout
Electronic Servitor Publication Network, Inc. (XESP) has merged with Pointward Inc., a Delaware intellectual property holding company that owns channel activation and customer engagement technology. The acquisition gives XESP access to Pointward’s audience-segmentation and one-to-one engagement IP to expand XESP’s Digital Engagement Engine and better serve both regulated and unregulated B2B markets.
-
November 8, 2023
- Buyer
- Wealth Enhancement Group
- Target
- Retirement Advisory Group
- Industry
- Financial Services
- Location
- Minnesota, United States
- Type
- Buyout
Wealth Enhancement Group, a national independent wealth management firm, announced the acquisition of Retirement Advisory Group, a hybrid RIA based in Eden Prairie, Minnesota, bringing roughly $150 million in client assets and a five-person team into Wealth Enhancement's platform. The deal expands Wealth Enhancement Group's Twin Cities presence and increases its assets under management.
-
November 7, 2023
- Buyer
- Estes Forwarding Worldwide (EFW), Estes Express Lines
- Target
- Superior Brokerage Services (SBS)
- Industry
- Logistics & Distribution
- Location
- Minnesota, United States
- Type
- Buyout
Estes Forwarding Worldwide (EFW), a subsidiary of Estes Express Lines, has completed the acquisition of Minneapolis-based Superior Brokerage Services (SBS). The deal expands EFW's international capabilities — including a presence in Asia and a control tower in Taiwan — and increases EFW's workforce, helping it double revenue and strengthen end-to-end supply chain services.
-
November 7, 2023
- Buyer
- Warner Pacific
- Target
- BeneUSA LLC
- Industry
- Insurance
- Location
- Minnesota, United States
- Type
- Buyout
Warner Pacific has acquired BeneUSA LLC, an Excelsior, Minnesota-based employee benefits general agency that specializes in ancillary group insurance products such as life, disability, dental, and vision. The deal expands Warner Pacific’s geographic footprint into the Midwest and enhances its ancillary product capabilities and carrier relationships; terms were not disclosed.
-
November 7, 2023
- Buyer
- Glencore AG (Glencore plc)
- Target
- PolyMet Mining Corp.
- Industry
- Energy
- Location
- Minnesota, United States
- Type
- Buyout
Glencore AG (a subsidiary of Glencore plc) completed a plan of arrangement to acquire all remaining common shares of PolyMet Mining Corp., becoming the sole beneficial owner of 100% of PolyMet. The cash consideration was US$2.11 per common share; PolyMet's head office is in St. Paul, Minnesota and the deal consolidates Glencore's ownership of the NorthMet copper‑nickel project.
-
October 31, 2023
- Buyer
- Star Equity Holdings, Inc.
- Target
- Big Lake Lumber, Inc.
- Industry
- Building Products
- Location
- Minnesota, United States
- Type
- Addon
Star Equity Holdings, Inc. (Nasdaq: STRR) has completed the acquisition of Big Lake Lumber, Inc., a Minneapolis-based building supply center and lumber yard, effective October 31, 2023. Big Lake will be integrated into Star’s Glenbrook Building Supply business as a bolt-on to expand Glenbrook’s regional footprint and add single‑family residential revenue.
-
- Buyer
- Percheron Capital
- Target
- SafeBasements
- Industry
- Construction
- Location
- Minnesota, United States
- Type
- Buyout
Percheron Capital has acquired SafeBasements, a Minnesota-based foundation repair and basement waterproofing services company, as the first investment in a new platform focused on foundation repair and waterproofing. Percheron named industry veteran Deb Dulsky as CEO to lead growth and expansion across the Midwest, leveraging SafeBasements' vertically integrated products and experienced team.
-
October 27, 2023
- Buyer
- Laborie Medical Technologies, Patricia Industries
- Target
- Urotronic, Inc.
- Industry
- Medical Devices
- Location
- Minnesota, United States
- Type
- Buyout
Laborie Medical Technologies has completed the acquisition of Urotronic, a Plymouth, Minnesota-based developer of the Optilume drug‑coated balloon technology for interventional urology. The deal includes an upfront cash payment (net $232 million to Laborie considering its prior minority stake) and up to $345 million in milestone payments, and brings Urotronic and its employees fully into Laborie to expand Laborie's interventional urology product portfolio globally.
-
October 17, 2023
- Buyer
- Parking Management Company (PMC)
- Target
- ParkPoolr
- Seller
- Jackson Lefebvre (founder and owner of ParkPoolr)
- Industry
- Transportation
- Location
- Minnesota, United States
- Type
- Buyout
Nashville-based Parking Management Company (PMC) has acquired ParkPoolr, a Minneapolis-based parking technology and management business. The deal brings ParkPoolr's proprietary payment processing and lot-management technology into PMC's tech suite and expands PMC's self-parking footprint by 61 lots across 21 new markets.
-
- Buyer
- Rob Jablonski, Valiant Wealth
- Target
- Vexilar, AWC Distributing (d/b/a K-Drill Ice Augers)
- Seller
- Existing shareholders
- Industry
- Consumer Products
- Location
- Minnesota, United States
- Type
- Buyout
In October 2023, Vexilar and AWC Distributing (d/b/a K-Drill) — two Bloomington, Minnesota-based companies that develop and sell ice-fishing products — were sold 100% to investor Rob Jablonski and financial buyer Valiant Wealth. Cherry Tree advised the companies and their shareholders on the sale, which transfers ownership while aiming to preserve the businesses’ product lines, customer service and employee environment.
-
October 10, 2023
- Buyer
- Cyber Advisors, Goldner Hawn
- Target
- White Oak Security
- Industry
- Cybersecurity
- Location
- Minnesota, United States
- Type
- Addon
Cyber Advisors, a Goldner Hawn portfolio company, has acquired White Oak Security, an offensive cybersecurity firm based in Plymouth, Minnesota. The deal expands Cyber Advisors’ offensive testing and adversarial simulation capabilities and brings White Oak’s experienced talent into Cyber Advisors’ security services platform.
-
October 4, 2023
- Buyer
- ProMach, ID Technology
- Target
- Lofton Label & Packaging
- Industry
- Packaging
- Location
- Minnesota, United States
- Type
- Buyout
ProMach, via its ID Technology labeling & coding business line, has acquired Lofton Label & Packaging, a Minneapolis–Saint Paul-area producer of labels and printed flexible packaging. The acquisition expands ProMach's label converting and flexible packaging capabilities and adds Lofton's Inver Grove Heights production site and a team of over 70 employees to ProMach's Labeling & Coding portfolio.
-
October 3, 2023
- Buyer
- S.i. Systems ULC
- Target
- Elign Consulting
- Industry
- Staffing & HR
- Location
- Minnesota, United States
- Type
- Addon
S.i. Systems ULC has acquired Minneapolis-based Elign Consulting to expand its U.S. footprint and broaden its tech-enabled staffing and workforce solutions capabilities. Elign will remain headquartered in Minneapolis with founder and CEO Linh Cravens continuing to lead the business as part of the S.i. Systems organization; terms were not disclosed.
-
October 2, 2023
- Buyer
- Eliassen Group, Stone Point Capital
- Target
- SafeNet Consulting
- Seller
- Marty Miller (founder) and SafeNet Consulting shareholders
- Industry
- IT Services
- Location
- Minnesota, United States
- Type
- Addon
Eliassen Group, a strategic consulting firm and portfolio company of Stone Point Capital, has acquired SafeNet Consulting, an IT services and consulting firm with offices in the Twin Cities and Milwaukee area. The acquisition expands Eliassen's Midwest presence and technology services capabilities — including application development, data & analytics, and cybersecurity — while enabling SafeNet's founder to retire and its team to access broader national opportunities.
-
September 27, 2023
- Buyer
- Susquehanna Private Capital
- Target
- U.S. Compliance
- Industry
- Environmental Services
- Location
- Minnesota, United States
- Type
- Buyout
Susquehanna Private Capital (SPC) announced a minority/majority investment in U.S. Compliance, an environmental, health and safety (EHS) compliance management provider, to accelerate the company's growth and scale its Compliance-as-a-Service (CaaS) offerings across North America. Terms were not disclosed; Hennepin Partners served as exclusive financial advisor to U.S. Compliance and Troutman Pepper advised Susquehanna Private Capital.
-
- Buyer
- GHK Capital Partners LP
- Target
- WSB & Associates, Inc., EST, Inc.
- Industry
- Engineering Services
- Location
- Minnesota, United States
- Type
- Buyout
GHK Capital Partners completed the acquisition of Minneapolis-based WSB & Associates and concurrently acquired EST, Inc., contributing EST into WSB to form a national critical infrastructure engineering platform. The combined business will have over 1,100 employees and will pursue growth through geographic expansion, digital construction investments, and an active M&A program.
-
September 19, 2023
- Buyer
- Varsity Healthcare Partners, United Aesthetics Alliance
- Target
- Edina Plastic Surgery, Edina Surgery Center, Skin Artisans
- Industry
- Healthcare Services
- Location
- Minnesota, United States
- Type
- Recapitalization
Varsity Healthcare Partners formed a new platform, United Aesthetics Alliance (UAA), to consolidate cosmetic surgery and medical spa practices and completed an initial recapitalization and growth capital investment in Edina Plastic Surgery, Edina Surgery Center, and Skin Artisans. The partnership will support expansion across Minnesota through new hires, facility expansion, centralized patient marketing, and selected strategic acquisitions.
-
September 6, 2023
- Buyer
- PCM Companies
- Target
- Suburban Manufacturing Group, LLC (Suburban Manufacturing, Inc.)
- Seller
- Suburban’s owners (Brad Barger and Mary Barger)
- Industry
- Industrial Services
- Location
- Minnesota, United States
- Type
- Buyout
PCM Companies invested in and acquired Suburban Manufacturing Group, a Monticello, Minnesota-based diversified manufacturer serving the fluid power market. Suburban’s owners (Brad and Mary Barger) are retaining a minority stake following the sale.
-
September 5, 2023
- Buyer
- Iron Path Capital
- Target
- TruTech Servo Motors & Systems
- Industry
- Manufacturing
- Location
- Minnesota, United States
- Type
- Buyout
Iron Path Capital, a Nashville-based private equity firm, announced a strategic investment in TruTech Servo Motors & Systems as the first platform investment in its industrial automation and motion control build-up strategy. TruTech, a designer and manufacturer of custom permanent magnet servo motors for automation, material handling and medical markets, will receive operational and inorganic support from Iron Path to expand capabilities and enter new end markets.
-
September 5, 2023
- Buyer
- Rallyday Partners
- Target
- Livefront
- Industry
- IT Services
- Location
- Minnesota, United States
- Type
- Buyout
Denver-based private equity firm Rallyday Partners has made a growth-stage investment in Minneapolis-based digital product consultancy Livefront, taking a majority interest as the company’s first outside capital. The investment will be used to accelerate sales and marketing, expand design and engineering headcount, and scale Livefront’s national presence and capabilities.
-
August 30, 2023
- Buyer
- Tower Arch Capital
- Target
- TD&I Cable Maintenance
- Seller
- Tim Stanke, Debbie Stanke, TD&I management team (Donavin Berg, Jeff Antonuk, Spencer Pannhoff, Carroll Wheaton)
- Industry
- Infrastructure
- Location
- Minnesota, United States
- Type
- Recapitalization
Tower Arch Capital has completed a recapitalization of TD&I Cable Maintenance, partnering with founders Tim and Debbie Stanke and the company's management team. The investment will support TD&I's geographic expansion across the upper Midwest and investments to enhance service offerings; financing was provided by Zions Bank and Hillcrest Bank and terms were undisclosed.
-
August 22, 2023
- Buyer
- Trident, Bluejay Capital
- Target
- Priority Courier Experts
- Industry
- Logistics & Distribution
- Location
- Minnesota, United States
- Type
- Buyout
Trident, a New York-based private equity firm, announced a strategic investment in Priority Courier Experts, a same-day and next-day B2B delivery provider headquartered in the Minneapolis–St. Paul area. Trident is partnering with operating partner Bluejay Capital and has installed Mark Cossack as CEO and Ted Burchell as President to support Priority's local market leadership and expand the business into new geographies.
-
August 22, 2023
- Buyer
- Creative Planning, LLC
- Target
- CTB Financial Services, Ltd.
- Industry
- Financial Services
- Location
- Minnesota, United States
- Type
- Buyout
Creative Planning, a leading independent Registered Investment Advisor, has acquired CTB Financial Services, Ltd., a Minneapolis-based RIA known for tax-focused wealth planning. The deal expands Creative Planning's tax-planning capabilities and integrates CTB's advisory services into Creative Planning's broader wealth management platform.
-
August 1, 2023
- Buyer
- Imperial Dade
- Target
- Apache Group
- Industry
- Logistics & Distribution
- Location
- Minnesota, United States
- Type
- Buyout
Imperial Dade, a leading distributor of foodservice packaging and janitorial supplies, has acquired Apache Group, a regional foodservice packaging distributor based in Arden Hills, Minnesota. Financial terms were not disclosed; Imperial Dade said the deal will expand its presence and capabilities across Minnesota, Wisconsin and the broader Midwest.
-
July 21, 2023
- Buyer
- Bigtincan Holdings Limited
- Target
- Modus Engagement, Inc.
- Industry
- Software
- Location
- Minnesota, United States
- Type
- Buyout
Bigtincan Holdings Limited (ASX: BTH) acquired Modus Engagement, Inc. for US$9.5 million in a cash consideration structured over 12 months. The acquisition brings Modus’s virtual product tour and lead-capture technology, ~17 employees and ~AU$7.5m ARR into Bigtincan’s sales enablement platform to drive capability expansion, cost synergies and cross-sell opportunities.
-
July 21, 2023
- Buyer
- Tietoevry
- Target
- MentorMate
- Seller
- Taylor Corporation
- Industry
- IT Services
- Location
- Minnesota, United States
- Type
- Buyout
Tietoevry has acquired MentorMate, a Minneapolis-headquartered digital engineering firm, from Taylor Corporation to strengthen Tietoevry Create's North American customer base and global digital engineering capabilities. MentorMate employs more than 1,000 people across the US, Bulgaria and Paraguay, generated about USD 65 million in revenue in 2022, and will be integrated into Tietoevry Create; terms were not disclosed.
-
- Buyer
- Tonka Bay Equity Partners LLC, Northstar Capital, Jim Griffith
- Target
- Corporate Technologies LLC
- Seller
- North Central Equity LLC
- Industry
- IT Services
- Location
- Minnesota, United States
- Type
- Buyout
Tonka Bay Equity Partners led a majority buyout of Corporate Technologies, a Minneapolis-based managed IT services provider, partnering with CEO Jim Griffith and junior capital provider Northstar Capital. The seller was North Central Equity; Northstar provided debt and an equity co-investment to support the transaction as Corporate Technologies becomes a platform for add-on growth across multiple U.S. markets.
-
July 12, 2023
- Buyer
- DeepSeas, Nautic Partners
- Target
- RedTeam Security
- Industry
- Cybersecurity
- Location
- Minnesota, United States
- Type
- Addon
DeepSeas, a Nautic Partners-backed cyber defense platform, has acquired RedTeam Security, a Minneapolis-based offensive security testing firm. The acquisition strengthens DeepSeas' offensive testing and assessment capabilities to better serve enterprise and mid-market clients, while expanding its talent base for security and compliance engagements.
-
June 30, 2023
- Buyer
- Vogl Ventures
- Target
- eLogger
- Seller
- BJ Lingren, Other eLogger owners
- Industry
- Software
- Location
- Minnesota, United States
- Type
- Buyout
Vogl Ventures has acquired eLogger, a developer of electronic logbook software serving utilities and industrial operators. The transaction, facilitated by Benchmark International, provides an ownership succession path that enables an original owner to transition toward retirement while keeping continuity for employees and clients.
-
June 26, 2023
- Buyer
- FreshPoint, Sysco Corporation
- Target
- BIX Produce
- Industry
- Food & Beverage
- Location
- Minnesota, United States
- Type
- Buyout
FreshPoint, the specialty produce arm of Sysco Corporation, has agreed to acquire BIX Produce, a Minnesota-based specialty produce and fresh-cut distributor. The deal expands FreshPoint’s geographic footprint across the Upper Midwest, strengthens its specialty and fresh-cut offerings, and adds a 200,000 sq. ft. production and warehouse facility to its operations; the acquisition is subject to customary closing conditions.
-
June 21, 2023
- Buyer
- Baird Capital (Venture Capital team)
- Target
- Parallax
- Industry
- Cloud & SaaS
- Location
- Minnesota, United States
- Type
- Growth capital
Baird Capital's venture team led a Series B funding round in Parallax, a provider of predictive forecasting and capacity-planning software for digital services. Parallax will use the capital to accelerate product innovation, expand market presence, and scale operations to meet growing demand.
-
June 16, 2023
- Buyer
- Wabtec Corporation
- Target
- L&M Radiator, Inc.
- Industry
- Manufacturing
- Location
- Minnesota, United States
- Type
- Buyout
Wabtec Corporation has acquired L&M Radiator, Inc., a Hibbing, Minnesota–based manufacturer of heavy‑duty equipment radiators and heat exchangers, for $230 million in cash. The acquisition expands Wabtec's thermal management and mining product capabilities and is expected to be immediately accretive to EPS while delivering synergies over the next three years.
-
- Buyer
- Arcadea Group
- Target
- SPARK
- Seller
- Community Reinvestment Fund, USA
- Industry
- Cloud & SaaS
- Location
- Minnesota, United States
- Type
- Buyout
Arcadea Group, a Toronto-based long-hold growth investor, has acquired SPARK, a Minneapolis-headquartered SaaS lending platform, from Community Reinvestment Fund, USA (CRF). The acquisition gives SPARK access to Arcadea's software operating experience and resources to accelerate product functionality and long-term growth in the SBA and conventional lending markets.
-
June 7, 2023
- Buyer
- MidOcean Partners
- Target
- QualiTech
- Seller
- Ploen family
- Industry
- Food & Beverage
- Location
- Minnesota, United States
- Type
- Buyout
MidOcean Partners, a New York-based private equity firm, has acquired QualiTech, a family-owned manufacturer of food ingredients, animal nutrition and plant nutrition products, from the Ploen family. The transaction will provide capital to expand QualiTech’s capabilities, capacity and product innovation as part of MidOcean’s food value chain investment strategy; terms were not disclosed.
-
June 6, 2023
- Buyer
- Monomoy Capital Partners
- Target
- Japs-Olson Company
- Industry
- Marketing & Advertising
- Location
- Minnesota, United States
- Type
- Buyout
Monomoy Capital Partners acquired Japs-Olson Company, a family-owned direct mail and commercial printing provider headquartered in St. Louis Park, Minnesota. Monomoy intends to use Japs-Olson as a platform to expand in the direct mail marketing and print production sector, leveraging the company’s large-scale manufacturing capabilities and longstanding customer relationships.
-
- Buyer
- Clarion Capital Partners, LLC
- Target
- Ready Credit Corporation (including Reverse ATM, LLC)
- Industry
- Payments & Fintech
- Location
- Minnesota, United States
- Type
- Buyout
Clarion Capital Partners completed a control investment in Ready Credit Corporation (including its Reverse ATM subsidiary) on May 25, 2023. The partnership will fund product and infrastructure enhancements, geographic expansion and go-to-market growth as Ready Credit scales its cash-to-card prepaid kiosk payment solutions for airlines, venues, transit authorities and other consumer-facing businesses.
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