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August M&A roundup: Trillium's redemption and Reebok's $2.5B sale

September 01, 2021, 11:44am EDT Updated 09/01/2021 11:47 am

The unofficial end of summer is upon us. Some major deals rounded out the summer, including Pfizer's acquisition of Trillium Therapeutics' at a 200% premium. Trillium went from being at risk of getting delisted from the Nasdaq to being bought by one of the biggest pharmaceutical giants.

While you're reading about the chunk of change involved in the Trillium sale, scroll through the rest of our highlights of the local M&A news that made the BostInno Beat newsletter in August.

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Here are the highlights from August 2021:

  • Trillium Therapeutics, a cancer startup that developed a suite of cancer-fighting molecules targeting the immune system, was acquired by pharmaceutical giant Pfizer Inc. for $2.26 billion in equity.
  • BICO, the Boston-based bioconvergence company formerly known as CELLINK, announced Friday it has acquired a San Diego 3D research applications company called Advanced BioMatrix for $15 million.
  • Collins Aerospace, a division of Waltham-based Raytheon Technologies Corp., signed a deal to acquire privately held FlightAware, a Houston-based flight-tracking technology maker. Terms of the deal were not disclosed
  • OvareVentures of Los Angeles announced it is acquiring Massachusetts-based Kenver Ltd., a sportswear boutique and outdoor retail hub founded in 1959 by the late sportsman and skier Ken Vermeulen.
  • Insurance brokerage Risk Strategies today announced it has acquired the assets of employee benefits specialty broker Benevestco Inc., a Resource Seven company based in Fayetteville, Georgia. Terms of the deal were not disclosed.
  • Woburn-based Azurity Pharmaceuticals Inc. has acquired Arbor Pharmaceuticals Inc. in Atlanta with the intention of merging the two firms. Terms of the deal were not disclosed.
  • The popular Los Angeles salad chain Sweetgreen acquired Boston-based Spyce a robotic kitchen founded by four MIT grads in 2015. Terms of the deal were not disclosed.
  • LeanBox, a Boston-based startup that sells fresh-food kiosks in offices, was acquired by the California office catering startup garten. Terms of the deal were not disclosed.
  • Boston-based Genuity Science sold to a New York biotech company called HiberCell in a $100 million all-stock transaction.
  • Authentic Brands Group, a New York-based brands manager, acquired Boston-based Reebok from Adidas for $2.5 billion, mostly in cash.
  • Desktop Metal, a Burlington-based 3D printing company, acquired The ExOne Co., a Pennsylvania-based competitor, for $575 million in cash and stock.

Keep Digging

Fitness tracker maker claims $3.6B valuation after SoftBank-led round

Newton-based senior services startup raises over $1 million

Boston energy firm to electrify commercial vehicles nationwide

Sweetgreen acquiring MIT-born robotic restaurant Spyce

Boston-based Armored Things raises $12M, hires chief revenue officer

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