M&A Deal Summary

Advanced Technology International Acquires Carrot

On March 31, 2025, Advanced Technology International acquired information services company Carrot

Acquisition Highlights
  • This is Advanced Technology International’s 1st transaction in the Information Services sector.
  • This is Advanced Technology International’s 2nd transaction in the United States.
  • This is Advanced Technology International’s 1st transaction in Tennessee.

M&A Deal Summary

Date 2025-03-31
Target Carrot
Sector Information Services
Buyer(s) Advanced Technology International
Deal Type Add-on Acquisition

Target

Carrot

Mount Juliet, Tennessee, United States
Carrot helps organizations collect proposals, evaluate solutions, and select the best results in a streamlined process. Carrot was founded in 2010 and is based in Mount Juliet, Tennessee.

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Buyer(S) 1

Buyer

Advanced Technology International

Summerville, South Carolina, United States

Category Company
Sector Information Technology
DESCRIPTION

Advanced Technology International is a not-for-profit company that organizes and manages Research & Development (R&D) consortia on behalf of the federal government. The company currently supports federal R&D programs that include participation from a diverse range of industries such as shipbuilding, metal parts manufacturing, composite applications, healthcare, Department of Defense (DoD)


DEAL STATS #
Overall 2 of 2
Sector: Information Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: Tennessee M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-07 TechConnect

Danville, California, United States

TechConnect is a global research and innovation event and media operator. TechConnect scouts and recruits innovative companies that have never worked with the federal government by producing technology sprints, challenges, and innovation-focused events. Te chConnectsupports student, governmental and global S&T initiatives through its event platforms of more than 10,000 open-access publications and 500,000 innovation ecosystem members. TechConnect is based in Danville, California.

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