Catalyst exited its investment in BrightFarms with Cox Enterprises’ acquisition of the indoor farming company and provider of locally grown packaged salads. The move solidifies BrightFarms’ leadership in the indoor agriculture space and provides a strong, stable foundation committed to accelerating growth with partner retailers.
Catalyst portfolio company Pax8, the best place for IT professionals to buy cloud products, announced the acquisition of Resello, a cloud services distributor specializing in making as-a-service easy to understand, sell, and manage. The acquisition enables Pax8 to expand to more than 40 countries across Europe and empowers its fast-growing partner base to accelerate digital transformation worldwide.
Catalyst portfolio company Pax8 acquired UK Miscrosoft partner Wirehive to further assist IT professionals, MSPs and channel partners with cloud services.
American Tower Corporation (NYSE: AMT) entered into a definitive agreement to acquire Catalyst portfolio company InSite Wireless Group, LLC (“InSite”), which owns, operates and manages approximately 3,000 communications sites, primarily in the U.S. and Canada. The portfolio includes more than 1,400 owned towers in the U.S., over 200 owned towers in Canada and approximately 70 distributed antenna system (“DAS”) networks in the U.S. In addition, InSite controls more than 600 land parcels under communications sites as well as approximately 400 rooftop sites.
Catalyst portfolio company EDB, a leading contributor to PostgreSQL, acquired 2ndQuadrant, a global PostgreSQL solutions and tools company based out of the UK. The deal brings together the world’s top PostgreSQL experts, combining decades of experience and two best-in-class technical teams. It also vastly expands EDB’s capacity to meet the immediate and future needs of its now even broader global customer base and the PostgreSQL market.
Catalyst-backed InSite Wireless Group, LLC, one of the largest privately-owned tower and wireless infrastructure companies in the U.S., acquired Repeater Communications Group, LLC, one of the leading operators of leased rooftop telecommunications sites in New York City and surrounding markets. With this acquisition, InSite expands its portfolio of urban rooftop assets and gains a significant foothold in some of the nation’s largest BTA markets.
Catalyst portfolio company Xplornet Communications Inc., Canada’s largest rural-focused broadband service provider, completed its sale to Stonepeak Infrastructure Partners, whereby Stonepeak acquired the controlling stake in Xplornet.
Catalyst portfolio company Effectual acquired Five Talent, a technology consultancy and custom software modernization and development firm. Five Talent collaborates with customers to design, develop, and architect applications built using DevOps methodologies that integrate best practices and drive innovation.
Catalyst-backed Xplornet Communications Inc., Canada’s largest rural-focused broadband service provider, and Stonepeak Infrastructure Partners announced that Stonepeak has entered into a binding agreement with Xplornet and its shareholders, through which Stonepeak has agreed to acquire a controlling stake in Xplornet.
Catalyst-backed Clinicient, Inc., a leading provider of business solutions for outpatient rehabilitation, will acquire the Intermountain Rehab Outcomes Management System (ROMS), a best-in-class physical therapy outcomes registry and leader in rehabilitation-focused quality improvement. Adding Intermountain ROMS enables Clinicient to offer an unrivaled set of solutions in value-based care deliverables.