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Danforth Advisors Acquires Argot Partners, Adding Strategic Communications To Range Of Integrated Business Support Services For Life Science Companies

Jan 04, 2023•almost 3 years ago

Acquiring Company

Danforth Advisors

Acquired Company

Argot Partners

StamfordOtherMedia And EntertainmentPublic RelationsConsulting

Description

Danforth Advisors, LLC, today announced the acquisition of Argot Partners, LLC, a leading strategic communications consultancy focused exclusively on the life sciences industry. With the acquisition, Danforth now provides a full scope of investor relations and corporate communications services to help clients articulate their science and its value to key stakeholders. Founders Andrea F. Rabney and David M. F. Pitts will continue to lead Argot.

Company Information

Company

Danforth Advisors

Location

Stamford, Connecticut, United States

About

Danforth Advisors is the financial and operational backbone to hundreds of life science companies. Its services span wide-ranging needs, whether short or long term, including accounting and operational finance support, capital raising, financial planning and analysis, IPO preparation, post-public SEC compliance, clinical business operations management and strategic and operational human resources. Founded in 2011, Danforth has been a strategic and trusted thought partner to more than 750 life science companies, private and public, across all stages of the corporate life cycle. The company serves clients nationwide from its headquarters in Waltham, Massachusetts and regional bases in New York, Philadelphia and San Francisco. Additional information is available at www.danforthadvisors.com.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed