The US Deal Pipeline: 11 March – 18 March
Active Situations
This section is subdivided into two categories: New and Ongoing Situations. The first time companies appear in the US Deal Pipeline they are put under New Situations. Any updates will be found under Ongoing Situations thereafter. Situations are organized in descending order by date.
New
| Company / Asset for Sale | Vendor(s) | Bidder(s)* | Financial & Valuation Metrics** | Latest Intel |
|---|---|---|---|---|
| HashiCorp [NASDAQ:HCP]
California-based multi-cloud infrastructure automation products provider Financial Advisor: N/A |
HashiCorp [NASDAQ:HCP] | N/A | USD 5.70bn market cap | 16 March 2024 – HashiCorp considers sale – report |
| Club Car
Georgia-based designer and manufacturer of electric and gasoline golf carts Financial Advisor: Goldman Sachs |
Platinum Equity | N/A | USD 200m+ EBITDA,
USD 2bn+ potential deal value |
15 March 2024 – Club Car owner Platinum Equity mulls over USD 2bn sale with Goldman Sachs advising – report |
| Prometheus Group
Louisiana-based provider of enterprise asset management software Financial Advisor: N/A |
Genstar Capital | N/A | USD 6bn potential deal value | 15 March 2024 – Prometheus owner Genstar mulls options at USD 6bn valuation – report |
| LogicMonitor
California-based software provider Financial Advisor: N/A |
Vista Equity Partners | N/A | USD 15bn potential deal value | 14 March 2024 – LogicMonitor owner Vista considers sale – report |
| Omega Healthcare Management Services
Florida-based healthcare information technology (HCIT) provider Financial Advisor: Goldman Sachs |
Everstone Group, Goldman Sachs Asset Management | N/A | USD 150m EBITDA | 14 March 2024 – PE-backed Omega Healthcare exploring sale via Goldman, sources say |
| WWEX Group
Texas-based logistics company Financial advisor: N/A |
CVC Capital Partners, Providence Equity Partners | N/A | USD 350m EBITDA, USD 5bnrevenues | 14 March 2024 – WWEX interviews advisers for sale process, weighs IPO – report |
| Americas Styrenics
Texas-based producer of chemicals like polystyrene and styrene monomer Financial Advisor: N/A |
Chevron Phillips Chemical Company, Trinseo | N/A | N/A | 13 March 2024 – Trinseo commences sale process for 50% stake in AmSty |
| Prescott’s
Colorado-based provider of refurbishment, maintenance, repair and service work for medical devices Financial Advisors: Harris Williams, Houlihan Lokey |
Atlantic Street, Linden Capital Partners | N/A | USD 15m to USD 20m EBITDA | 13 March 2024 – Prescott’s nears sale – report |
| Repay Holdings [NASDAQ:RPAY]
Georgia-based vertically integrated payment software provider Financial Advisor: N/A |
Parthenon Capital Partners, Repay Holdings [NASDAQ:RPAY] | N/A | USD 1.02bn market cap | 13 March 2024 – Repay in talks with advisor over potential private equity sale – report |
| Kellstrom Aerospace
Florida-based aerospace aftermarket parts and services provider Financial Advisor: N/A |
AE Industrial Partners | N/A | USD 20m to USD 25m EBITDA | 12 March 2024 – Kellstrom Aerospace prepping for sale, sources say |
| Nelumbo
California-based developer of advanced materials to improve product performance and eliminate toxic ingredients in climate and environmental applications Financial Advisor: N/A |
Berkeley Catalyst Fund, Danfoss, Photon Fund | N/A | USD 5m+ revenues, USD 30m to USD 60m potential deal value | 12 March 2024 – Nelumbo working on sale effort with strategics circling, sources say |
| Portfolio of non-core assets
New York-based marketing research group Financial Advisor: N/A |
Nielsen Holdings | N/A | USD 1bn+ potential deal value | 12 March 2024 – Nielsen explores disposal of USD 1bn non-core operations including NCSolutions – report |
| Anaqua
Massachusetts-based intellectual property (IP) management software and services provider Financial Advisor: N/A |
Astorg | N/A | USD 80m EBITDA | 11 March 2024 – Anaqua backer Astorg mulls sale worth USD 3bn – report |
| Kyruus
Massachusetts-based healthcare information technology (HCIT) company Financial Advisor: Morgan Stanley |
Francisco Partners, Highland Capital Partners, Venrock | N/A | USD 125m revenues | 11 March 2024 – Kyruus Health taps Morgan Stanley to explore a sale, sources say |
Ongoing
| Company / Asset for Sale | Vendor(s) | Bidder(s)* | Financial & Valuation Metrics** | Latest Intel |
|---|---|---|---|---|
| Marquette Transportation
Kentucky-based marine-towing company Financial Advisor: RBC Capital Markets |
BDT & MSD Partners | N/A | USD 157m EBITDA | 14 March 2024 – BDT & MSD Partners hires RBC to advise on sale of Marquette Transportation – report |
| Synopsys Software Integrity Group
California-based software developers with Financial Advisor: N/A |
Synopsys | Identified Bidders: Advent International, Hellman & Friedman, Thoma Bravo | USD 3bn+ potential deal value | 14 March 2024 – Advent, Hellman & Friedman, Thoma Bravo said to consider bids for Synopsys SIG – report |
*Includes reports and confirmed bidders
**Includes reported and confirmed figures
The US Deal Pipeline is a weekly report that compiles market intelligence from the week prior on processes that have been active over the last six months. It also compiles a shortlist of late-stage origination.
Mergermarket defines Active Situations as those known to be currently in the market or prelaunch.
Mergermarket considers a sale “prelaunch” if a company is interviewing financial advisors for a potential sellside mandate; if a company has retained an advisor but been reported to have not yet launched a process; or if a company is undergoing fireside chats with prospective buyers. The classification also includes sale talks that, to the best of our ability, we have not been able to identify as a formalized auction.
A service of 
Your M&A Future. Today
Explore unlimited content like this, available only in the platform.
Already a client? Sign in
