Acquisitions in California in 2025

  • Buyer
    Beacon Pointe Advisors
    Target
    Litman Gregory Wealth Management
    Seller
    iM Global Partner
    Type
    Buyout

    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.

  • December 30, 2025
    Buyer
    Cvent
    Target
    ON24
    Seller
    ON24 shareholders
    Industry
    Software
    Type
    Buyout

    ON24 entered into a definitive agreement to be acquired by Cvent in an all-cash transaction valued at approximately $400 million. The deal is expected to close in the first half of 2026, subject to ON24 stockholder approval and regulatory approvals.

  • Buyer
    PureStar, Cornell Capital
    Target
    Emerald Textiles
    Seller
    Pacific Avenue Capital Partners

    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.

  • Buyer
    Vista Equity Partners
    Target
    Dentira
    Industry
    Cloud & SaaS

    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.

  • Buyer
    Inszone Insurance Services
    Target
    Shahinian Insurance Services, Inc.
    Industry
    Insurance
    Type
    Buyout

    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.

  • Buyer
    ServiceNow
    Target
    Armis
    Industry
    Cybersecurity
    Type
    Buyout

    ServiceNow entered into an agreement to acquire Armis for approximately $7.75 billion in cash, expected to close in the second half of 2026, subject to regulatory approvals and customary closing conditions. The acquisition is intended to expand ServiceNow’s security workflow capabilities across the full attack surface spanning IT, operational technology (OT), and medical devices, combining Armis cyber exposure management with ServiceNow’s AI and workflow platform.

  • Buyer
    ClickUp
    Target
    Codegen
    Industry
    Software
    Type
    Buyout

    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.

  • Buyer
    Pye-Barker Fire & Safety
    Target
    United Fire Solutions
    Seller
    Brandon De Yager, Stephen Martz
    Type
    Addon

    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.

  • Buyer
    Maridea Wealth Management
    Target
    Hyperion Accounting Group
    Industry
    Accounting & Tax
    Type
    Buyout

    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.

  • December 22, 2025
    Buyer
    CookUnity
    Target
    flavrs
    Industry
    Food & Beverage
    Type
    Buyout

    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.

  • Buyer
    ProSites, Rockbridge Growth Equity
    Target
    GeniusVets
    Seller
    Harley Orion (CEO & Co-Founder), GeniusVets shareholders
    Type
    Addon

    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.

  • December 22, 2025
    Buyer
    Engage PEO
    Target
    Aspen HR
    Type
    Buyout

    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.

  • December 22, 2025
    Buyer
    Olo
    Target
    Spendgo
    Industry
    Software
    Type
    Buyout

    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.

  • Buyer
    JohnsByrne, GHK Capital Partners LP
    Target
    Municipal Packaging
    Industry
    Packaging
    Type
    Addon

    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.

  • Buyer
    Cyient Semiconductors
    Target
    Kinetic Technologies
    Type
    Buyout

    Cyient Semiconductors has signed a definitive agreement to acquire a majority stake in Kinetic Technologies for total consideration of up to USD 93 million. The deal is intended to build a scaled custom power semiconductor platform leveraging Cyient’s customASIC capabilities and Kinetic’s power management, analog, and mixed-signal IC portfolio for edge AI and high-performance compute markets.

  • Buyer
    Savage Ventures
    Target
    Sporked.com
    Seller
    Mythical
    Type
    Buyout

    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.

  • Buyer
    Trump Media & Technology Group (TMTG)
    Target
    TAE Technologies
    Industry
    Energy
    Type
    Buyout

    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).

  • Buyer
    Coursera, Inc.
    Target
    Udemy, Inc.
    Industry
    Cloud & SaaS
    Type
    Buyout

    Coursera and Udemy have signed a definitive merger agreement in an all-stock transaction valued at approximately $2.5 billion (implied equity value). The deal is expected to close in the second half of 2026 and combines Udemy’s AI-powered skills marketplace with Coursera’s university/industry partner network to build a larger workforce development and skills platform.

  • Buyer
    Pattern Group Inc.
    Target
    NextWave
    Type
    Buyout

    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.

  • December 18, 2025
    Buyer
    LandGate Corp.
    Target
    Topos
    Industry
    Data & Analytics
    Type
    Buyout

    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.

  • Buyer
    Caldicot Capital, Tamarix Capital Partners
    Target
    Custom Tours, Inc. (d/b/a Kushner & Associates)
    Seller
    Susan Kushner
    Industry
    Transportation

    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.

  • Buyer
    Humanz
    Target
    Ubiquitous, Bambassadors
    Type
    Buyout

    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.

  • December 18, 2025
    Buyer
    CivicPlus
    Target
    Streamline
    Industry
    Cloud & SaaS
    Type
    Buyout

    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.

  • December 18, 2025
    Buyer
    VeriFast
    Target
    Opsansa
    Industry
    Cloud & SaaS
    Type
    Buyout

    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.

  • December 18, 2025
    Buyer
    Filevine
    Target
    Pincites
    Industry
    Software
    Type
    Buyout

    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.

  • Buyer
    Community West Bancshares
    Target
    United Security Bancshares
    Type
    Buyout

    Community West Bancshares (parent of Community West Bank) and United Security Bancshares (parent of United Security Bank) signed a definitive all-stock merger agreement to combine in a transaction valued at approximately $191.9 million. The deal is expected to close in the second quarter of 2026, subject to customary regulatory and shareholder approvals.

  • December 17, 2025
    Buyer
    Rev Delivery
    Target
    Duffl
    Type
    Buyout

    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.

  • Buyer
    Oakley Capital Fund VI (Oakley Capital)
    Target
    Low Tides Holdings LLC, James Perse
    Industry
    Retail

    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.

  • Buyer
    Enjoin, LLC, 3 Boomerang Capital
    Target
    Pediatric Resource Group, LLC
    Type
    Addon

    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.

  • Target
    Ontraport
    Seller
    Boathouse Capital
    Industry
    Software

    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.

  • Buyer
    Gordon Brothers
    Target
    Rachel Zoe, Inc.
    Type
    Buyout

    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.

  • December 16, 2025
    Buyer
    Cyderes
    Target
    Lucidum
    Industry
    Cybersecurity
    Type
    Buyout

    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.

  • Buyer
    Vessco Water
    Target
    Unico Mechanical, Bender CCP
    Type
    Addon

    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.

  • December 15, 2025
    Buyer
    Cvent
    Target
    Goldcast
    Industry
    Cloud & SaaS
    Type
    Buyout

    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.

  • Buyer
    CentralSquare Technologies
    Target
    FirstTwo
    Industry
    Software
    Type
    Buyout

    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.

  • Buyer
    Wealth Enhancement
    Target
    Spectrum Wealth Management, Putman Group
    Type
    Buyout

    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.

  • Buyer
    Trinity Consultants
    Target
    Meridian Consultants LLC
    Type
    Buyout

    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.

  • Buyer
    Pinterest, Inc.
    Target
    tvScientific
    Type
    Buyout

    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.

  • Buyer
    Concurrent Investment Advisors
    Target
    Next Retirement Solutions
    Type
    Buyout

    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.

  • Buyer
    KVP International
    Target
    SafePath Laboratories, IVD Research
    Industry
    Medical Devices
    Type
    Buyout

    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.

  • Buyer
    Teal
    Target
    Ramped
    Industry
    Software
    Type
    Buyout

    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.

  • Buyer
    RKON Technologies
    Target
    ScaleSec
    Seller
    Vixul
    Industry
    Cybersecurity
    Type
    Buyout

    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.

  • Buyer
    WorkWise Compliance, CriticalPoint
    Target
    Bizhaven
    Industry
    Staffing & HR
    Type
    Addon

    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.

  • Buyer
    Eli Lilly and Company, Flying Tigers Acquisition Corporation
    Target
    Adverum Biotechnologies, Inc.
    Industry
    Biotechnology
    Type
    Buyout

    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.

  • Buyer
    Checkmarx
    Target
    Tromzo
    Industry
    Cybersecurity
    Type
    Buyout

    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.

  • Buyer
    GoSaga
    Target
    Squeeze Massage
    Type
    Buyout

    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.

  • Buyer
    Shore Rock Partners, Carlson Private Capital Partners, BellTower Partners
    Target
    AMAG Technology
    Seller
    Allied Universal
    Industry
    Software
    Type
    Buyout

    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.

  • Buyer
    California American Water, American Water
    Target
    Yerba Buena Water Company
    Seller
    Yerba Buena Water Company
    Industry
    Utilities
    Type
    Buyout

    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.

  • Buyer
    Nelipak Corporation
    Target
    Merrill's Packaging
    Industry
    Manufacturing
    Type
    Buyout

    Nelipak Corporation has completed the acquisition of Merrill's Packaging, a custom thermoformed packaging specialist with production sites in Burlingame, California and Alajuela, Costa Rica. The deal expands Nelipak's healthcare packaging capabilities—adding custom thermoforming, ISO 13485-certified cleanroom capacity and complementary design, tooling and pouch/mounting-card capabilities.

  • Buyer
    Silver State HVAC, Refrigeration & Plumbing
    Target
    All American Mechanical, Inc.
    Type
    Buyout

    Silver State HVAC, Refrigeration & Plumbing has acquired All American Mechanical, Inc., a commercial HVAC, refrigeration and kitchen equipment service provider based in El Dorado Hills, California. The acquisition expands Silver State's California footprint and strengthens its service capabilities for restaurants and foodservice customers across Northern California.

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