Deloitte Digital Makes Dual Acquisition
Deloitte Digital aims to leverage its growth marketing and Adobe suite capabilities through two acquisitions consisting of Pixel People and The Union. While Pixel People is an independent digital consultancy and digital product accelerator, The Union offers campaign planning, enterprise consulting, platform design, build, and optimization services. This deal comes after a triple acquisition; Deloitte Australia acquired Blended Digital, New Republique, and Venntifact.1 2
Insurance Industry Braces for Soaring Payouts
Insurers seek to limit their exposure by refusing new contracts that could leave them open to further losses due to the Russia-Ukraine War. In attempts to do so, insurers have rewritten policies to exclude Russia from future claims or demand inflated premiums to cover ships passing through hazardous areas. As a result, share prices of insurance companies have fallen sharply amidst the turmoil, with companies estimating overall losses of $1B – $4B.3
SAP & Boston Consulting Join to Improve Sustainability
Of 1,290 companies surveyed by Boston Consulting Group, only 9% of executives claimed to have the ability to measure their carbon emissions. As a result, SAP and Boston Consulting Group plan to combine their emissions tracking technology to help inform their client’s regarding sustainability. In partnership, SAP and BCG are set to provide the tools and technology to provide clients with guidance to satisfy all aspects of sustainability.4
Zoom Forecasts Fall Short
Zoom plans to utilize its brand recognition and the ambitions of Zoom Phones to maintain growth amid market saturation, shortened revenue projections, and suffering performance in the stock market. The company's revenue projections are $161 million short of the $4.55 billion estimates. As more and more companies transition from remote work to hybrid, many organizations have pulled away from services they require, like Zoom, resulting in less demand within the meeting solutions market.5
Cybersecurity Firms Gain in Popularity
Cybersecurity companies are being sought after by large tech companies and private equity firms due to their immense value in protecting users from security risks. Google is set to purchase Mandiant, a cybersecurity company, in a roughly $5.4 billion all-cash deal. Private equity firms seek to capitalize on the value within the cybersecurity market, which some estimate to be valued at nearly $350 billion by 2026.6 7 8
Largest Transactions Closed
- Substantially all of the assets of Marks Paneth LLP
- CBIZ, Inc.
- Integrated Laboratory Systems, Inc.
- Inotiv, Inc.
- All Assets of Reynold Greenleaf & Associates, LLC/Elemental Kitchen & Laboratories, LLC
- Medicine Man Technologies, Inc.
- Substantially All of Light Industrial Segment Assets
- Jobs and Talent S.L.
- Boardroom Insiders, Inc.
- Euromoney Institutional Investor PLC
- Environmental Standards, Inc.
- Montrose Environmental Group, Inc.
Other Financial Buyer Transactions Closed
- Luna Labs Division
- Point Lookout Capital Partners; Mereo Capital Partners, LLC
- Addison Group
- Trilantic North America
- Pace Analytical Services, LLC
- Leonard Green & Partners, L.P.
Other Strategic Buyer Transactions Closed
- AAC Utility Partners, LLC
- E Source Companies LLC
- Oxidor Laboratories, LLC
- SPL, Inc.
- Valley Forge Tape & Label Co., Inc.
- I.D. Images LLC
- Lindquist LLP
- WithumSmith+Brown, PC
- Invigoratehr, LLC
- Purple Ink LLC
This report represents transaction activity as mergers & acquisitions, consolidations, restructurings and spin-offs. Targets are defined as U.S. Based companies with either foreign or U.S. based buyers. Transaction information provided is based on closed dates only.
EBIT - Earnings Before Interest and Taxes