October M&A: An Inno on Fire winner is acquired, while two coworking spaces shut down – Bostinno

Written by Rowan Walrath

While poll workers were tallying votes, we tallied up all the mergers, acquisitions, splits and shutdowns that took place in Massachusetts last month.

The highest-value transaction in October, as far as we know, was Exact Sciences’ pending acquisition of cancer-screening firm Thrive Earlier Detection, one of BostInno’s 2020 Inno on Fire. The cash-and-stock deal could be worth up to $2.15 billion.

Meanwhile, in a blow to downtown Boston’s coworking scene, two major coworking spaces closed up shop: Fab@CIC and GSVlabs (recently rebranded as OneValley). Both say they hope to reopen one day. Fab@CIC partner the Fab Foundation is retaining most of the equipment from the space, and GSVlabs was able to retain its staff, who will continue to engage Boston-area innovators.

Another twist? Private equity firm BC Partners, which owns PetSmart and its subsidiary Chewy.com, decided to split the pet retailers in two and recapitalize PetSmart.

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By sophiata@bu.edu
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