Carbonite Acquires Double-Take Software Company
Carbonite, Inc. (Nasdaq: CARB), a leading provider of data protection solutions for small and midsize businesses announced it has officially acquired Double-Take Software on January 31st. Under the acquisition, Carbonite hopes to realize the following synergies with their current suite:
- Replication of applications and data, in real time
- Failover between primary and secondary servers in an emergency
- Move of systems from one location to another
- Migration from MS Windows, to other cloud based solutions (like Amazon or Google)
- Migrating and upgrading Microsoft SQL Server
In 2016, Carbonite had over $200 million in sales, with an adjusted free cash flow of approximately $18 million. Under the transaction, the total purchase price for Double-Take equated to $65.25 million, which was comprised between cash and $5.5 million in Carbonite common stock. The transaction officially closed on January 31, 2017, with Barclays acting as the financial advisor.
Read the full press release at www.carbonite.com
Below are highlights of additional Merger and Acquisition activity from the last week:
Energy Sector M&A News: Sprague Resources LP (NYSE: SRLP) announced on February 6th, that they have completed two strategic acquisitions under their wholly owned subsidiaries. The first acquisition was Global Partners LP’s natural gas marketing and electricity brokerage assets were acquired for approximately $17.4 million in cash. Secondly, L.E. Belcher, Inc.’s refined product terminal assets were purchased for $20 million in cash.
Read more at www.spragueenergy.com
Home Health Care M&A News: On February 2nd, Amedisys, Inc. (Nasdaq: AMED), one of the nation’s leading home health care and hospice companies, announced that they have acquired Home Staff, LLC, a personal care provider. Amedisys’ Personal Care Division now collectively has 2,500 aides providing care to over 15,000 clients annually.
Read more at www.amedisys.com
Industrial Machinery M&A News: on February 2nd, Carpenter Technology Corporation (NYSE: CRS) announced they have entered into a definitive purchase agreement to acquire Puris LLC, a producer of titanium powder for additive manufacturing and advanced technology applications. The total purchase price for the transaction is $35 million and is expected to close in the first quarter of 2017.
Read more at www.cartech.com
