Parallel - M&A Summary and Business Overview

Consumer ProductsCompany

Parallel M&A Summary

Parallel has acquired 3 companies, including 3 in the last 5 years.

Parallel’s largest acquisition to date was in 2021, when it acquired Windy City Cannabis for $100M. Parallel has acquired in 3 different US states. The Company’s most targeted sectors include consumer products (67%) and life science (34%).

Parallel Business Overview

Where is Parallel headquartered?

Parallel is headquartered in Atlanta, Georgia.

What sector is Parallel in?

Parallel is a consumer products company.

When was Parallel founded?

Parallel was founded in 2014.

M&A Summary

  • M&A Total Activity3
    • M&A Buy Activity3
  • Total Sectors Invested 2
  • Total Countries Invested 1
  • M&A Advisors 1

Parallel

Surterra Holdings, Inc.

1175 Peachtree Street NE, 10th Floor,
Atlanta, Georgia 30361
United States,
(850) 391-5455
www.liveparallel.com

Parallel provides cannabis-based natural products to support wellness. Parallel was founded in 2014 and is based in Atlanta, Georgia.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 2 - 1 - - - 3
vol $100M $100M
Sell (0.0/yr) # - - - - - - 0
  3

Most Recent M&A

Company Date Value Type
Windy City Cannabis 2021-04-01 100M USD Add-on Acquisition
, Illinois
Molecular Infusions LLC 2019-06-25 - Add-on Acquisition
Los Angeles, California · www.molecularinfusions.com
New England Treatment Access LLC 2019-01-14 - Add-on Acquisition
Franklin, Massachusetts · www.netacare.org
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Consumer Products 2 (67%) 100M (100%) - -
Life Science 1 (33%) - - -
Total 3 $100M - -

By Geo

State/Country Buy Value Sell Value
United States 3 100M - -
  Massachusetts 1 - - -
  Illinois 1 100M - -
  California 1 - - -
Total 3 $100M - -

Top M&A Advisors

Financial Deals
Perella Weinberg Partners
 1

Deal Values

buy # Total
< $100M 1 $100M
TOTAL $100M
Largest Windy City Cannabis
$100M (2021-04-01)

Company Summary

SECTOR

Consumer Products

Established

2014

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