Thanks to the M&A specialists at Franklin Partners, we are able to provide a comprehensive analysis of merger and acquisition activity involving Minnesota tech companies for the calendar year 2018.
High Level 2018:
+ A total of 89 transactions* involving Minnesota-based technology firms was reported in 2018. Like funding, this number is a minimum since there are always off record/unreported transactions.
+ This is an increase in transactional volume of 29% year over year, as there were 68 deals involving Minnesota tech companies in 2017.
Minnesota buyers: 50
Minnesota sellers: 32
Minnesota on Minnesota: 7
Busiest Quarter: Q4
Average deals/month: 7
Largest disclosed sales: ConvergeOne +CVC Fund VII = $1.8b; Medtronic + Mazor = $1.6b; Inovalon + Ability = $1.2b; HGGC + HelpSystems = $1.2b; 3m + M*Modal = $1b; Best Buy + GreatCall = $800m; ResMed + MatrixCare = $750m