Four more deals kick off shortened holiday week for North Texas firms on the hunt - The Dallas Morning News

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A fast-casual restaurant chain. A medical imaging company. A health insurance marketer. And a media buying firm.

Those are the companies changing hands this week as 2021′s flurry of mergers and acquisitions rolls into its third straight week.

Deals announced Tuesday include:

• Addison-based Solis Mammography is acquiring outpatient medical imaging company Progressive Radiology to expand its services in Maryland, Virginia and Washington, D.C. Solis Mammography describes itself as the nation’s largest independent provider of breast health and diagnostic services. Progressive Radiology will be joined with Solis Mammography’s Washington Radiology, giving the combined operation 17 imaging centers in the D.C. metro area. Solis Mammography operates 85 centers in nine major cities.
• Plano-based Amici Partners Group is completing its acquisition of Friendly’s Restaurants, an East Coast fixture for more than 80 years. Friendly’s operates 130 restaurants, serving signature sandwiches, burgers and ice cream desserts. Amici said all locations will remain open.
• Dallas-based Integrity Marketing Group is buying a health insurance marketing company based in Fairmont, Minn. Integrity, an independent distributor of life and health insurance products, is adding IFC National Marketing Inc. to its holdings. IFC specializes in senior products including Medicare, health and life insurance, as well as burial expense products and annuities. Integrity’s nearly 5,000 employees work with 325,000 independent agents.
• Fort Worth-based Simpli.fi is acquiring The Advantage Software Company of Mooresville, N.C., creating a 400-employee combined company that serves 1,000 advertising agencies and media buyers. Simpli.fi works with the world’s largest buyers of advertising.

Financial terms of the transactions weren’t disclosed.

So far this year, mergers and acquisitions activity has been red hot. Some companies are looking to strengthen their market position, while others are searching for growth in adjacent sectors, according to PwC’s 2021 outlook. Fifty-three percent of U.S. executives surveyed in late 2020 by PwC said they planned to increase M&A spending this year.

The Link Lonk


January 20, 2021 at 07:52AM
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Four more deals kick off shortened holiday week for North Texas firms on the hunt - The Dallas Morning News

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