The 2017 Minnesota Tech M&A Halftime Report

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Thank You Franklin Partners for underwriting the 2017 Minnesota Tech M&A Halftime Report.

  • A total of 22 merger/acquisition transactions involving Minnesota-based technology firms was reported January 1 – June 30, 2017. This is on pace to reach ~45 total deals by the end of this year, which would be par with 2016 (45) though down from a peak of 63 deals in 2014.

Minnesota Tech M&A deals by year 2012-2016

April was the busiest month so far (5), June the slowest (2); mean = 3.6/mo YTD

11 Minnesota Buyers, 7 Minnesota Sellers, 4 involved both YTD

Categorical breakdown YTD

Geographical view (red=MN sold to; green=MN bought from)

Takeaways YTD:

+ HighJump Software is the single local tech company to be involved in 2 deals so far in 2017, purchasing RedTail Solutions and Vitech Business Group.

+ The only “startup” involved in M&A so far this year is Gravie, which acquired Medicare broker Breitenfeldt Group

+The only consumer deal was E-commerce site Fetch bought by Chuck and Dons.

+ Only two deals disclosed prices: Questar’s $128m acquisition & Digi’s purchase of SMART Temp for $28-$35m

+ All archived data is linked here – contact us to purchase a spreadsheet.

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