Thank you to Franklin Partners for underwriting this report.
A total of 45 merger / acquisition transactions involving Minnesota-based technology firms was reported in 2016.
This is the most comprehensive analysis of local tech deals, yet it’s always imperfect because there are off the record/undisclosed transactions. Observations based off the numbers for 2016:
Minnesota acquirers: 22 involved a Minnesota buyer.
Minnesota acquirees: 17 involved a Minnesota seller.
Minnesota on Minnesota: 6 involved both a Minnesota buyer and seller.
Busiest Month: April (7)
Average deals/month: ~4
Busiest Companies: SportsEngine (5)
Public Company deals: 6
Largest disclosed sales:
- 3M Sells Off 450 Person Biometric Tech Unit To Gemalto For $850m
- Eden Prairie IT Firm Datalink Purchased By Insight Enterprises For $258 Million
- Calabrio Acquired For ~$200m By KKR
Product vs. service: 66% of transactions involved the purchase of a product-based company/asset. 33% were the purchase of a service or blended model.
Hardware vs. software: Only one hardware deal for entire the year
Busiest sub-sectors: HealthIT, SportsTech, Enterprise.