4 Acquisitions of Companies in San Diego

January 15, 2023
Acquisitions Hub

M&A activity has seen a steady increase across the globe over the past decade, especially in San Diego. Startups and technology companies have become very popular with private equity firms, strategic buyers and even family offices.

In this blog post, we are taking a closer look at 4 acquisitions that took place in San Diego .

Arena Pharmaceuticals acquired by Pfizer

Details about the transaction:

Acquisition amount:

$6,700,000

Announcement:

13 December 2021

Details about the company:

Arena Pharmaceuticals is committed to providing treatments for conditions affecting the cardiovascular, neurological system, inflammatory, and metabolic systems.

Headquarter:

San Diego, California, United States

Where to find them:

Industry:

Biotechnology, Health Care, Pharmaceutical

Details about the buyer:

Pfizer is a pharmaceutical and biotechnology firm that promotes preventive and well-being.

Headquarter:

New York, New York, United States

Where to find them:

Great Pet Care acquired by Covetrus

Details about the transaction:

Acquisition amount:

$24,000,000

Announcement:

8 March 2022

Details about the company:

Pet owners may get useful, medically based advice on pet health at Great Pet Care.

Headquarter:

San Diego, California, United States

Where to find them:

Industry:

Health Care, Pet

Details about the buyer:

The manufacture, distribution, inventory control, software, and prescription administration for veterinary care are Covetrus' areas of expertise.

Headquarter:

Portland, Maine, United States

Where to find them:

AltheaDx acquired by Castle Biosciences

Details about the transaction:

Acquisition amount:

$65,000,000

Announcement:

4 April 2022

Details about the company:

In addition to PCR-based services like assay development and assay validation, AltheaDx also provides molecular diagnostics.

Headquarter:

San Diego, California, United States

Where to find them:

Industry:

Biotechnology, Clinical Trials, Genetics, Health Care, Health Diagnostics

Details about the buyer:

A biotech business called Castle Biosciences creates and certifies technologies and diagnostic tests for the treatment of cancer.

Headquarter:

Friendswood, Texas, United States

Where to find them:

Technology Integration Group acquired by Converge Technology Partners

Details about the transaction:

Acquisition amount:

$74,000,000

Announcement:

19 May 2022

Details about the company:

TIG is a single-source provider of IT solutions for companies and institutions of all sizes.

Headquarter:

San Diego, California, United States

Where to find them:

Industry:

Information Services, Information Technology

Details about the buyer:

Building a nationwide platform of regionally specific IT infrastructure companies is Converge Technology Partners' business.

Headquarter:

Toronto, Ontario, Canada

Where to find them: