The 2016 Minnesota Tech M&A Review


Franklin PartnersThank 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 down from 47 reported in 2015; there were 63 in 2014, 59 in 2013, and 45 in 2012 – when the annual M&A review first began.

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:

Minnesota startups bought: BoomBoom Prints, Docalytics, SportEngine.

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.