5. Constellation acquisitions - 1H 2022

We are almost half way through the year

First half of the 2022 is almost over and I updated my tracker of Constellation acquisitions this year. As of today, I counted the total of 54 disclosed acquisitions with total combined revenue of acquired companies of USD 1,351.56 million. For companies that are not publicly listed I used estimates from https://rocketreach.co/ which I backtested on a few companies where I have alternative data.

Chart bellow show the current status. One should have in mind that Constellation owns only about 40% of Topicus and that Adapt IT was not fully acquired. If corrected for the ownership share, acquired revenues amount to USD 1,236.58 million.

On a side note, I have almost completed the list of all Constellation companies. I was surprised with how many I interacted without me knowing. It’s nice to keep yourself occupied with something during market turmoil. Doing trivial things is usually better than making irrational investments. Looking at the figure above, I hope Constellation is not doing the latter.

Best of luck to all of us!