About
About Joash Boyton
Joash Boyton is the Founder and Managing Director of Acquiry, an M&A firm built around buy-side acquisition origination. He works with strategic acquirers, private equity firms and advisers supporting buyers on mandates from USD $1M to $500M. Most of the work sits in technology, SaaS, fintech, payments, gaming and digital assets, and it is not limited to them: any sector, any market.
Every mandate starts with the buyer’s ideal acquisition, turned into a precise target profile. From there the team researches the market in depth, finds the right route to each owner, presents a credible rationale for the buyer and qualifies both sides before anything is called transaction-ready. Many of the best businesses are not for sale, so the edge is opening conversations on strategic fit rather than waiting for a listing.
Sell-side processes and capital introductions sit alongside the buy-side work. Acquiry’s role is research, introductions, coordination and follow-through within the agreed engagement, while each party works with its own legal, tax and financial advisers.
Areas of expertise
- Buy-side origination
- Off-market sourcing
- Owner introductions
- Target research
- Strategic fit
- Deal structure
- Sell-side processes
- Capital introductions
- SaaS M&A
- Fintech M&A
- iGaming M&A
- Digital assets M&A
How a mandate runs
Target profile
Broad criteria turned into a precise profile of the business the buyer wants.
Research and access
In-depth market research, then the right route to each owner, often off-market.
Owner conversations
A credible rationale for the buyer, shaped around what each owner values.
Qualify and progress
Both sides qualified, then introductions and coordination through to close.
Background
Path into M&A
Joash’s path into M&A started on the operator side. He founded SEMimpact as an SEO-focused domain supply business, then expanded that platform as Rank Networks, covering sales and acquisition operations, joint ventures, affiliate relationships and systems for managing large digital inventories.
- 2013–2016
SEMimpact
Founded an SEO-focused domain supply business spanning sales, acquisitions, joint ventures and technical systems for large-scale domain and data management.
- 2016–2021
Rank Networks
Expanded market services, affiliate relationships and deal flow across domain and digital asset acquisitions. Rank Networks was the rebrand and expansion of SEMimpact.
- 2021–present
Acquiry
Founded Acquiry to apply operator judgement to buy-side and sell-side mandates, backed by research and structured process.
Writing
Intelligence and research
Joash authors Acquiry’s Intelligence Hub, a library of practitioner-grade M&A guides covering valuation multiples, deal structure, regulatory considerations and sector-specific transaction dynamics. It is designed to be directly useful to founders, investors and acquirers navigating M&A transactions.
The guides are written from a practitioner’s perspective, drawing on Acquiry’s transaction experience and sector research. They cover crypto exchange valuation, iGaming regulatory premiums, sportsbook acquisition multiples, token consideration structuring and blockchain infrastructure M&A.
He also publishes Acquiry Deal Intelligence: independent forensic reviews of announced technology acquisitions, compiled from corporate disclosures, SEC filings and regulatory ledgers. Research identifiers and public profiles sit alongside the firm work.
Published research · Author identity · 2026
Artificial Intelligence and Strategic M&A in 2026: Capital Allocation, Valuation, and Market Structure
A flagship working paper and authorship anchor. Distributed via direct PDF, linked to SSRN and citation records, reinforced by ORCID and Google Scholar, and supported by publication references on Amazon and Calameo. It focuses on AI classification, valuation discipline, capital allocation and M&A market structure.
- Author
- Joash Boyton
- Affiliation
- Acquiry
- Pages
- 23
- Data period
- 2022 to 2025
- Transactions
- 150 analysed
Intelligence articles
Intelligence Hub (opens in a new tab)- How to Value and Sell a Crypto Exchange in 2026 (opens in a new tab)
- iGaming Valuation Multiples 2026 (opens in a new tab)
- How to Sell an Online Casino (opens in a new tab)
- iGaming Regulatory Premiums (opens in a new tab)
- iGaming Affiliate Valuation (opens in a new tab)
- Sportsbook Acquisition Multiples (opens in a new tab)
- Crypto Casino Acquisition Guide (opens in a new tab)
- How to Sell a Crypto Wallet Business (opens in a new tab)
- Token Consideration in M&A (opens in a new tab)
- Blockchain Infrastructure M&A (opens in a new tab)
- Web3 Gaming Acquisitions (opens in a new tab)
Markets
Sector expertise
The sectors below are where most work concentrates. They are not a limit. Any sector, any market: bring it to us anyway.
Blockchain and digital assets
Acquisition and sale of cryptocurrency exchanges, crypto wallets, DeFi protocols, blockchain infrastructure businesses and Web3 gaming companies. Deep expertise in the regulatory landscape for digital assets, including MiCA, FCA registration and VASP licensing frameworks globally.
(opens in a new tab)iGaming and online gambling
Structured M&A processes for online casinos, sportsbooks, iGaming affiliates and crypto gambling businesses, including UKGC, MGA and Gibraltar licence change-of-control processes and the valuation impact of licence quality.
(opens in a new tab)SaaS and software
SaaS acquisitions and exits across B2B and B2C software, with targets screened on ARR quality, net revenue retention and customer concentration.
(opens in a new tab)Fintech and payments
Payment processors, lending platforms, insurtech and embedded finance businesses, with the regulatory and licensing considerations specific to fintech transactions.
(opens in a new tab)
Connect
One directory for every public surface
Everything is meant to connect. Acquiry for firm work. Personal sites for Joash directly. LinkedIn, research identifiers and press profiles for public presence. This directory is the Acquiry-side map of those same surfaces, plus the firm pages, tools and verticals on this site.
Owned domains · Websites
- joashboyton.comPersonal authority hub. Bio, insights, speaking, contact. (opens in a new tab)
- joashboyton.com/connectPrimary profile hub. Full directory of all networks. (opens in a new tab)
- joash.com.auAustralian M&A insights and market commentary. (opens in a new tab)
- joash.com.au/connectAustralian connect directory. Same identity graph, AU domain. (opens in a new tab)
- acquiry.comBuy-side origination, sell-side and capital mandates.
- This profileAcquiry principal profile, connect directory and Deal Intelligence byline.
Entity & search · Knowledge graph and search references
Professional profiles · Professional networks
- LinkedIn4,200+ followers. Deal commentary and M&A analysis. (opens in a new tab)
- CrunchbaseFounder profile and company data. (opens in a new tab)
- Muck RackMedia profile and published articles. (opens in a new tab)
- F6SFounder and startup ecosystem profile. (opens in a new tab)
- Clarity.fmExpert call profile for M&A questions. (opens in a new tab)
- Wellfound (AngelList)Founder profile on the startup and investor platform. (opens in a new tab)
- Product HuntMaker profile. Tech products and launches. (opens in a new tab)
- About.mePersonal bio and profile page. (opens in a new tab)
- GravatarUniversal avatar and identity profile. (opens in a new tab)
- SpeakerHubSpeaker profile for conferences and panels. (opens in a new tab)
- ZoomInfoPublic directory profile. (opens in a new tab)
- NFX SignalInvestor and founder profile on the NFX platform. (opens in a new tab)
Research & publishing · Research and content platforms
- ORCIDResearcher identity. ORCID 0009-0000-2405-8766. (opens in a new tab)
- Google ScholarCitation profile for published M&A research. (opens in a new tab)
- SSRN PaperWorking paper on AI, valuation and strategic M&A. (opens in a new tab)
- ResearchGateAcademic profile and published research papers. (opens in a new tab)
- OSFOpen Science Framework research project record. (opens in a new tab)
- Research Paper (PDF)AI in M&A: capital allocation, valuation and market structure, 2026. (opens in a new tab)
- AmazonAmazon publication listing. (opens in a new tab)
- CalameoDigital publication page for The Digital M&A Playbook. (opens in a new tab)
- MediumM&A articles, business commentary and research. (opens in a new tab)
- SubstackNewsletter and long-form M&A commentary. (opens in a new tab)
- QuoraM&A Q&A and expert commentary. (opens in a new tab)
- Stack OverflowTechnical writing on SaaS, M&A and transactions. (opens in a new tab)
- Stack ExchangeNetwork profile across Stack Exchange communities. (opens in a new tab)
- GitHubOpen-source M&A tools, data scripts and research code. (opens in a new tab)
Speaking · Speaker profiles
- SessionizeSpeaker profile. M&A, digital assets, AI in deal-making. (opens in a new tab)
- Speaking PageTopics, session abstracts and speaking enquiries on joash.com.au. (opens in a new tab)
- SpeakerHubPublic speaker listing. (opens in a new tab)
- Speaking enquiryDiscuss a conference, panel or corporate briefing. (opens in a new tab)
Company · Acquiry profiles
- LinkedIn (Acquiry)Company page. Team, news and deal updates. (opens in a new tab)
- Crunchbase (Acquiry)Company profile, funding and deal data. (opens in a new tab)
- AlignableBusiness network profile. Acquiry, Melbourne. (opens in a new tab)
- Press kitMedia assets and firm background. Interviews: press@acquiry.com. (opens in a new tab)
- About AcquiryFirm story, mandate range and how the practice is built.
Acquiry site · Firm, services, mandates
- HomeAcquiry homepage and latest Deal Intelligence stack.
- AcquisitionsBuy-side origination for business acquisitions.
- ExitsSell-side processes for founders and operators.
- CapitalCapital raising alongside acquisition and exit work.
- TendersCompetitive processes and structured bid support.
- TransactionsSelected completed work and transaction types.
- How We WorkProcess, sequencing and how a mandate actually runs. (opens in a new tab)
- Deal RoomQualified counterparties, documentation and live data. (opens in a new tab)
- ContactStart a conversation on a live or prospective mandate.
- FAQCommon questions on process, fees and coverage. (opens in a new tab)
- NewsFirm news and public commentary. (opens in a new tab)
Verticals · Sector coverage
- Blockchain M&AExchanges, wallets, infrastructure, DeFi and Web3 gaming. (opens in a new tab)
- Gaming M&AiGaming, sportsbooks, lottery and casino platforms. (opens in a new tab)
- SaaS M&AB2B and B2C software acquisitions and exits. (opens in a new tab)
- Fintech M&APayments, lending, insurtech and embedded finance. (opens in a new tab)
- Media & Content M&AContent platforms, publishers and media assets. (opens in a new tab)
- Any other sectorNot on the list? Bring it to us anyway.
Tools & knowledge · Calculators, models, Knowledge Hub
- Knowledge HubPractitioner tools and reference material. (opens in a new tab)
- M&A GlossaryTransaction language used across mandates and reports. (opens in a new tab)
- SDE / EBITDA CalcNormalise earnings for a business valuation. (opens in a new tab)
- Earnout ModellerStructure contingent consideration across a deal. (opens in a new tab)
- Deal StructureCompare cash, equity, earnout and hybrid structures. (opens in a new tab)
- Sector MultiplesMultiple ranges used as a starting point, not a conclusion. (opens in a new tab)
- Capital StackBuild a financing stack for an acquisition. (opens in a new tab)
- Jurisdiction ToolCompare licensing and control regimes that move price. (opens in a new tab)
- SaaS Valuation CalcARR-led valuation sketch for software businesses. (opens in a new tab)
- Deferred ProceedsTime-value tool used in earnout and hold modelling. (opens in a new tab)
- Post-Exit Wealth ModellerFounder-side capital planning after an exit.
Intelligence · Research, methodology, Deal Intelligence
- Intelligence HubPractitioner-grade M&A guides across verticals. (opens in a new tab)
- ResearchLonger research and sector notes. (opens in a new tab)
- Deal IntelligenceIndependent forensic reviews of announced technology M&A. (opens in a new tab)
- MethodologyHow Acquiry reads filings, ledgers and public sources. (opens in a new tab)
- ApproachWhat a Deal Intelligence review is trying to do. (opens in a new tab)
- SourcesWhere numbers and claims are allowed to come from. (opens in a new tab)
- NumbersHow disclosed figures are treated, and what is not invented. (opens in a new tab)
- IndependenceWhat the byline is, and what it is not. (opens in a new tab)
- iGaming Multiples 2026Valuation ranges used in online gambling M&A. (opens in a new tab)
- Crypto Exchange ValuationHow to value and sell a crypto exchange. (opens in a new tab)
- Token ConsiderationUsing tokens inside an acquisition structure. (opens in a new tab)
Speaking and media
Speaking, commentary and press
Speaking engagements
Joash speaks on M&A, AI in deal-making and the acquisition of businesses. Available for conferences, panels, podcasts and corporate events globally.
- Digital M&A
- AI in Deal-Making
- SaaS Acquisitions
- Founder Exits
- Buy vs Build
- APAC Transactions
Commentary and press
Available for commentary and background briefings on M&A, SaaS valuation, fintech consolidation, blockchain acquisitions, gaming and iGaming transactions, AI’s impact on dealmaking and cross-border process.
Byline
Deal Intelligence
Forensic strategic reviews and valuation benchmarks of global technology acquisitions, compiled from corporate disclosures, SEC filings and regulatory ledgers.
53 published · newest first
- FintechNEOPAY to Acquire 65% of noon payments
- Software & AIPearson to Acquire Workera
- Software & AIDynatrace Acquires Arize for $915 Million
- FintechBloomberg Completes Acquisition of Canoe Intelligence
- FintechStripe to Acquire Parafin
- Software & AISalesforce to Acquire Listen Labs
- Software & AISupabase to Acquire Turso
- Semiconductorsonsemi to Acquire Synaptics for $5.7 Billion in Revised All-Cash Deal
- Financial ServicesNuveen Completes Acquisition of Schroders, Creating a $2.6 Trillion Manager
- Gaming & iGamingTrivelta Acquires Kerma Games, Adding Celebrity IP and Live Casino
- Software & AIAMD to Acquire World Labs for $8.2 Billion: A Landmark Bet on Spatial AI
- Gaming & iGamingCaesars Shareholders Approve Fertitta’s $17.6bn Take-Private
- Consumer & FoodHormel Foods to Acquire Brakebush Brothers for $1.055 Billion
- Gaming & iGamingVisualize Group Completes Acquisition of eCOGRA, Uniting It With BMM Testlabs
- IndustrialsGE Aerospace to Buy CPP: $11.75bn for Mission-Critical Castings
- Gaming & iGamingWinvia To Buy Online Lottery Cos. For Up To £19.1M
- Software & AIDatabricks Acquires Row Zero to Embed Spreadsheets in Its $190 Billion AI Stack
- Gaming & iGamingGaming1 Acquires Pac-Man NV: Full Ownership of Belgian Operator Carousel
- Gaming & iGamingBarry Diller Drops Bid to Acquire MGM Resorts: 'We Didn't Feel the Mix Was Coming Together'
- IndustrialsSchneider to Buy Smart Device Firm Shelly in $1.4 Billion Deal
- Gaming & iGamingBetMGM acquires online casino rights for The Traitors
- Fintech & PaymentsGoldman in Talks to Buy $37 Billion Credit Firm Palmer Square
- Gaming & iGamingMerkur to Take Control of Société Française de Casinos at €6.19 a Share
- Media & EntertainmentParamount Skydance wins legal battle over $110 billion Warner Bros. acquisition
- Healthcare & Life SciencesTelix to Acquire ITM for $1.65bn and Own the Radioisotope Stack
- Fintech & PaymentsGrab to Take Control of Atome Financial: Why Lending Fits Its Superapp
- Gaming & iGamingKakao Games to Take Control of ME2ON: Why Social Casino Fits Its Overseas Strategy
- Gaming & iGamingBetsson Acquires Rhino Entertainment Canada and Brings a Licensed iGaming Platform In-House
- Financial ServicesThe Baldwin Group $7.7 Billion Take-Private: Deal Terms, Valuation and Strategic Analysis
- Gaming & iGamingOpenBet to Acquire OmniLogic: Why the Deal Strengthens Its Lottery Sportsbook Strategy
- Gaming & iGamingCIRSA Acquires Slots del Sol and Opens a Paraguay Route for Omnichannel Gaming
- Gaming & iGamingBanijay Gaming Acquires Groupe JOA to Build France’s Omnichannel Gaming Platform
- Gaming & iGamingGiG Buys Control of 888AFRICA and Brings a B2C Growth Engine Into a Leaner iGaming Platform
- Software & AISalesforce Acquires Fin and Brings a Scaled Customer Agent Into Agentforce
- IndustrialsMotorola Solutions Acquires D-Fend and Brings Airspace Control Into the Public-Safety Stack
- Healthcare & Life SciencesRoche Acquires Foundation Medicine and Brings Precision Oncology’s Data Layer Fully In-House
- IndustrialsFleetx.ai Acquires Pando.ai and Extends From Fleet Visibility Into Freight Execution
- IndustrialsMadison Air Acquires ebm-papst and Builds a Global Airflow Platform From the Component Up
- Healthcare & Life SciencesR1 Acquires Humata Health and Moves Prior Authorisation Into the Revenue-Cycle Operating System
- Software & AIosapiens Acquires Nasdaq Metrio: Why a Reporting Platform Fits Its Hub
- Fintech & PaymentsStripe Acquires OpenRouter and Moves Into the Layer That Decides Which Model Gets the Request
- Software & AIBending Spoons puts $1.285bn on Airtable and turns its roll-up on enterprise software
- Fintech & PaymentsMunich Re puts $575m on At-Bay and bets the cyber market belongs to InsurSec
- IndustrialsVeralto puts $465m on Cleanwater1 and extends its Water Quality franchise
- Healthcare & Life SciencesBioMarin puts $275m upfront on Alesta to secure ALE1, a potential first oral therapy for HPP
- Software & AIFrancisco Partners puts ~$650m on Weave and takes healthcare's AI engagement platform private
- Gaming & iGamingElectronic Arts Goes Private in Landmark $55 Billion Buyout
- Media & EntertainmentHearst Moves to Full Ownership of A+E Global Media in $1.2 Billion Disney Deal
- Software & AIServiceNow Completes $7.75 Billion Armis Deal to Own Cyber-Physical Visibility
- Fintech & PaymentsVisa Agrees to Buy BioCatch for $2.4 Billion to Stop Fraud Upstream of Payment
- Software & AINetApp Acquires JetStream to Reach VMware Workloads Beyond Its Own Storage
- Fintech & PaymentsGlobal Payments Acquires Worldpay for $24.25 Billion: The Three-Way Deal That Reshaped Payments
- Media & EntertainmentThe End of an Era: Deconstructing the $110 Billion Paramount-Warner Bros. Discovery Megadeal
Client identities and private deal values are not published here. Qualified counterparties can see live mandates in the Deal Room (opens in a new tab).
How Acquiry analyses transactions (opens in a new tab)Byline
Research and acquirer studies
Every research post, quarterly report and acquirer study published on acquiry.com, newest first.
37 published · newest first
- Researchteam.blue: How a Hosting Roll-Up Became a Founder-Operator SaaS Platform
- ResearchBain Capital Ventures and the Enterprise Distribution Advantage: From Early Technical Bets to Strategic Acquisitions
- ResearchValsoft and the Decentralised Software Holding Model: How Seven Operating Groups Keep 130+ Acquisitions Compounding
- ResearchEverfield and Europe's Fragmented Software Markets: How Country Desks, Founder Succession and Shared Support Built a 40+ Company Ecosystem
- ResearchBanyan Software and the Permanent Home Promise: How 120+ Acquisitions, Zero Sales and a Local ANZ Team Shape Founder Succession
- ResearchPSG Equity's Platform and Add-On Model: How 249 Releases Separate the Investments PSG Makes From the Acquisitions Its Companies Make
- ResearchSpatial Intelligence: The AI Layer Behind Robotics, Games and VR, and Why Acquirers Are Paying for It
- ResearchThe Death of the Tech Premium: Why Q3’s Biggest Cheques Went to Brokers and Accountants, Not SaaS
- ResearchInside the Agentic Stack: Why Supabase and Salesforce Are Buying AI Infrastructure, Not AI Features
- ResearchThe AI-Washing Audit: How Buyers Strip the AI Hype Out of SaaS Valuation Multiples
- ResearchThe Death of ‘AI’: What the Super Intelligence Executive Order and the White House Accord Mean for Tech M&A
- ResearchBuying the Grid: Why Power Access, Liquid Cooling and Substation Proximity Now Set the Price in Data Centre M&A
- ResearchThe 2029 Encryption Deadline: Mapping M&A and Investment in Post-Quantum Cryptography
- ResearchMiro and Bending Spoons: What a $1.355bn Deal Says About the Growth-to-Cash Reset in Software
- ResearchSalesforce Buys Listen Labs: Why AI Customer Research Became a Platform Capability
- ResearchHarvest Now, Decrypt Later: Adding Post-Quantum Readiness to M&A Due Diligence
- ResearchSpace Cybersecurity: Why Securing Satellites Is Becoming an M&A Theme
- ResearchThe 2026 EBITDA Add-Back Standard: 20 adjustments and how buyers treat them
- ResearchThe Buyer Hierarchy: why strategic acquirers can outbid private equity, and when they don't
- ResearchThe Decay Curve: the hidden cost of slow deals
- Market ReportQ3 2026: The Deals That Defined the Quarter
- ResearchWhat Is Your Casino or iGaming Business Worth in 2026?
- ResearchBending Spoons Is Building One of Software’s Most Ambitious Acquisition Platforms
- Market ReportThe Flight to Control: Q2 2026 Digital M&A Market Report
- ResearchThe 5 Defining AI, Crypto and Blockchain Deals of April 2026
- ResearchArtificial Intelligence and Strategic M&A in 2026
- ResearchDeal Structure Playbook
- ResearchThe Great Re-rating:Q1 2026 Digital M&A Market Report
- ResearchBuyer Underwriting Checklist
- ResearchRedacted Case Studies
- ResearchDeal Team Operating Model
- ResearchInternational Deal Structuring Notes
- ResearchMedia Asset Benchmarks
- ResearchPlatform Concentration Risk
- ResearchQuality of Revenue Framework
- ResearchVertical Multiples Heatmaps
- ResearchEmpirical Studies on the Discount for Lack of Marketability (DLOM)
On acquiry.com
Guides, tools and firm pages
Sector guides, valuation calculators, methodology and the pages that explain how Acquiry works.
Calculators, models and reference
- Knowledge HubPractitioner tools and reference material.
- Deal Structure (Knowledge)Knowledge Hub version of the structure comparison tool.
- Jurisdiction ToolCompare licensing and control regimes that move price.
- SaaS Valuation CalcARR-led valuation sketch for software businesses.
- Compound InterestTime-value tool used in earnout and hold modelling.
- FI CalculatorFounder-side capital planning after an exit.
