All Access

M&A Deals

M&A Deals Alerts

Alert

• Airswift, a Gemspring Capital portfolio company, acquired select upstream oil and gas workforce solutions of New Tech Global. Go deeper

• ALKU, a staffing firm owned by WestView Capital Partners, New Mountain Capital and FFL Partners, agreed to acquire RockITdata, a Philadelphia-based tech consultancy. Go deeper

• Ally Waste, backed by RF Investment Partners, acquired Swift Integrated Services, a Utah-based provider of dumpster management and waste brokerage services. Go deeper

• AMS Fulfillment, an ecommerce logistics firm just Go deeper by Fort Point Capital, acquired Utah-based Vox Fulfillment. Go deeper

• Apax Digital invested in Wematch, an Israeli platform for securities finance and capital markets workflows. Go deeper

• Aquiline agreed to acquire a control stake in wealthtech platform Flourish, from MassMutual (which retains a stake). Go deeper

🚑 Aria Care Partners, a Serent Capital portfolio company, acquired Precision Mobile Care, a Utah-based provider of mobile onsite preventive and restorative dental care. Go deeper

⚽ Bain Capital, Carlyle, and Oaktree are expected to bid on a minority stake in the international media rights of Italian soccer league Serie A, per Reuters. Go deeper

• Bain Capital and Lone Star Funds each are prepping second-round bids for Nikkon Holdings (Tokyo: 9071), a Japanese provider of auto supply chain logistics, per Bloomberg. Go deeper

🚑 Bain Capital and EQT are circling Nucleus Network, an Australian clinical trials company owned by Blackstone, per The Australian. Go deeper

• Bernhard Capital Partners acquired Revenew International, a Houston-based provider of cost recovery and performance improvement solutions, from Sentinel Capital Partners. Go deeper

• Blue Sea Capital acquired CompletePet, a Miami-based maker of pet wellness products, from Align Capital Partners. Go deeper

• Bridgepoint acquired a majority stake in VIPR Solutions, a London-based tech platform for delegated authority intelligence. Go deeper

• Citrix, a Vista Equity and Elliott Investment Management portfolio company, completed its acquisition of Numecent, an application virtualization tech company that had raised $15m from Deutsche Telekom, EG Capital Advisors, and ACE Ventures. Go deeper

• Corridor Capital invested in Titan Investors, a Miami-based producer of investment events. Go deeper

🚑 CVC Capital Partners invested in Unitex, a provider of health-care textile services. Go deeper

• Empris agreed to buy U.K. telco Gamma Communications (LSE: GAMA) for around £1b. Go deeper

• Enstructure, owned by V12 Partners, acquired the marine services unit of Logistec, a portfolio company of Blue Wolf Capital Partners, Investissement Québec, Yellow Point Equity Partners, and Stonepeak. Go deeper

• Envestnet, a Bain Capital portfolio company, is in advanced talks to buy Vestmark, a Wakefield, Mass.-based provider of wealth management software that's backed by Summit Partners, per Citywire. Go deeper

• EQT agreed to buy a majority stake in U.K. insurance broker McGill and Partners for $2b from Warburg Pincus. Go deeper

• EQT and Allianz each are weighing £5b takeover bids for AA, a U.K. roadside assistance firm, per Sky News. AA owners are TowerBrook Capital Partners, Warburg Pincus, and Stonepeak. Go deeper

• Flexstone Partners, an affiliate of Natixis, completed its acquisition of Glouston Capital Partners, a Boston-based PE secondaries manager with over $3.4b in AUM. Go deeper

• Foresight Group invested in Distology, a U.K. cybersecurity tech distributor that had been backed by NorthEdge. Go deeper

• GI Partners agreed to acquire Otodata, a Montreal-based provider of remote monitoring and vehicle tracking solutions, from backers like Renovo Capital (which retains a minority stake). Go deeper

• Great Hill Partners invested in Aurenity, a West Hartford, Conn.-based excess & surplus managing general agent. Go deeper

• GreenArrow, a CAI Capital portfolio company, acquired MSL Electric, an Anaheim, Calif.-based electrical contractor. Go deeper

🚑 H.I.G. Capital acquired Outcomes One, an Orlando, Fla.-based provider of clinical network services and pharmacy tech. Go deeper

🎵 HarbourView Equity Partners acquired the producer royalties and related rights for music producer David Kershenbaum, including for Tracy Chapman hits "Fast Car," "Baby Can I Hold You," and "Talkin' Bout a Revolution." Go deeper

• KKR agreed to acquire A1 Garage Door Service, a Phoenix-based residential garage door repair and replacement company, from Cortec Group for around $2b, per Reuters. Go deeper

🚑 KKR agreed to acquire a minority stake in Malaysian hospitals group Avisena. Go deeper

• La Caisse is investing $1.3b for a 24% stake in Altius, a Brookfield-backed operator of telecom towers in India. Go deeper

• Levine Leichtman Capital Partners acquired Colt Group, a Pasadena, Texas-based provider of specialty industrial services. Go deeper

🍕 LongRange Capital completed its $2.7b buyout of Pizza Hut, minus the mainland China business, from Yum Brands (NYSE: YUM). Go deeper

⚡ MacLean Power Systems, a portfolio company of Blackstone and Centerbridge, agreed to acquire Delta Star, a Lynchburg, Va.-based provider of power transformers and mobile substation solutions. Go deeper

• Marco Sealing Solutions, backed by Align Capital Partners, acquired Global O-Ring and Seal, a Houston-based distributor of industrial sealing products. Go deeper

• Midland Industries, a Gemspring Capital portfolio company, acquired Pegasus Supply Group, a Noblesville, Ind.-based provider of industrial and electronic connection products. Go deeper

• Mutares agreed to buy AmeriTerpenes, a Jacksonville, Fla.-based maker of terpene ingredients, from Germany's Symrise. Go deeper

Mutares also completed its acquisition of Trepel, a German maker of airport equipment. Go deeper

• NetSPI, a KKR-backed penetration testing firm, is merging with continuous security simulation startup Synack, per Axios Pro. Synack has raised more than $100m from VC firms like M12, Kleiner Perkins, Notable Capital, GV, and B Capital. Go deeper

⚡ Oaktree invested in Vivax-Metrotech, a Santa Clara, Calif.-based maker of locating and inspection devices for utility infrastructure. Go deeper

• Officine Maccaferri, an Ambienta portfolio company, acquired Ovattificio Alpino, an Italian provider of non-woven geotextiles and technical felts. Go deeper

• Permira completed its £2.3b buyout of British fund administrator JTC (LSE: JTC). Go deeper

• Pivotal, a Pollen Street Capital portfolio company, acquired LR Finance, a U.K. mortgage and protection brokerage. Go deeper

• Proofpoint, a Thoma Bravo portfolio company, reportedly is in talks to buy cybersecurity firm Varonis Systems (Nasdaq: VRNS), which has around a $5.4b market cap. Go deeper

• Pye-Barker Fire & Safety, backed by ADIA and GIC, acquired Suppression Systems, a Tacoma, Wash.-based fire suppression company. Go deeper

🌏 Reworld Waste, backed by EQT and GIC, acquired three environmental solutions companies: Clean & Green Recycling, ClearFlo Technologies and EnviroTec. Go deeper

• RTB Holdings, backed by M&T Capital Partners, acquired Boost Transport, a Gainesville, Ga.-based provider of managed transportation services. Go deeper

• Sandberg Capital acquired a majority stake in Carrot, a Polish B2B vehicle auctions platform. Go deeper

🍺 Saothair Capital Partners completed its acquisition of an alcoholic beverage portfolio from Heineken, including Magic Hat, Seagram's Escapes, Lipton Hard Iced Tea, and Labatt Blue. Go deeper

• Sequoia Financial Group, backed by Kudu Investment Management and Valeas Capital, acquired BSW Wealth Partners, a Boulder, Colo.-based RIA with $2.3b in client assets under management. Go deeper

⚡ Toesca agreed to buy a 64% stake in Chilean water utility Suralis from Algonquin Power & Utilities (NYSE: AQN) for $126.5m upfront. Go deeper

• Trafera, an ed-tech portfolio company of Rotunda Capital Partners, acquired Morris Electronics, a Morris, Minn.-based IT company. Go deeper

• Trimlite, a Wynnchurch Capital portfolio company, acquired Lexington, Ky.-based KW Building Products from Clay-Ingels. Go deeper

• Truelink Capital acquired JT Thorpe Group, a Salt Lake City-based provider of industrial maintenance and thermal management services. Go deeper

• TSG Consumer invested in Los Tacos No. 1, an NYC-based taco restaurant chain. Go deeper

• Valence Surface Technologies, backed by ATL Partners, acquired Cametoid Technologies, a Manchester, Conn.-based provider of ion vapor deposition surface treatments for aerospace and defense. Go deeper

• Veritas Capital agreed to buy British heat treatment firm Bodycote (LSE: BOY) for £1.85b, beating out CVC Capital Partners. Go deeper

• Veryon, backed by Accel-KKR, acquired Polaris Aero, a Scottsdale, Ariz.-based aviation software company. Go deeper

⚡ Voltaris Power, a Mill Point Capital portfolio company, acquired Electronic Power Design, a Houston-based provider of power distribution equipment for data centers. Go deeper

🚑 West Physics Consulting, an Incline Equity Partners portfolio company, acquired Radiographic Testing Services, an Albany, N.Y.-based medical equipment services provider. Go deeper

🚑 Yellow Wood Partners agreed to acquire Nestlé's (SWX: NESN) mainstream vitamins, minerals and supplements business for $1b. Go deeper

• Accelevation, a Miamisburg, Ohio-based provider of power distribution and other data center infrastructure, filed for an IPO that Renaissance Capital Go deeper could raise $800m. It was acquired last year by Olympus Partners and plans to list on the Nasdaq (ACCV). Go deeper

🚑 A1Health, a Malaysian hospital chain owned by TPG, filed for a domestic IPO that could raise up to $2.5b, per the WSJ. Go deeper

⚡ Apollo and Triton agreed to sell Kelvion, a German provider of thermal management and heat exchange tech, to SLB (NYSE: SLB) for $3.4b in cash (plus assumption of $700m in debt). Go deeper

🚑 Astorg and Montagu Private Equity are seeking to sell Nemera, a French maker of delivery devices for GLP-1s that could fetch around €3b, per Bloomberg. Go deeper

• Bamboo Insurance Services, a Midvale, Utah-based homeowners insurer backed by CVC Capital Partners and White Mountains, filed for an IPO. It reports $14m of net income on $173m in revenue for the first half of 2026, and plans to list on the NYSE (BMB). Go deeper

• Barilla Group agreed to acquire Goodles, a mac-and-cheese brand that raised around $23m from firms like L Catterton and Springdale Ventures. Go deeper

• Descartes (TSX: TSG) acquired Extensiv, an El Segundo, Calif.-based warehouse management and fulfillment provider, for $120m in cash. It had raised over $140m from firms like Mainsail Partners and FJ Labs (which later sold its stake). Go deeper

⚡ Diversified Energy (NYSE: DEC) agreed to acquire Birch Resources, a Permian-focused oil and gas company, for $1.8b from Elliott Investment Management. Go deeper

🚑 Eli Lilly (NYSE: LLY) agreed to acquire Merida Biosciences, a Cambridge, Mass.-based biotech focused on serious autoimmune and allergic diseases, for up to $2.88b in cash. Merida had raised $154m from Third Rock Ventures, Bain Capital Life Sciences, BVF Partners, GV, and Perceptive Advisors. Go deeper

• Figure (Nasdaq: FIGR) completed its $717m acquisition of Kiavi, a Pittsburgh-based lending platform for residential real estate investors. Kiavi had raised over $600m from firms like Ribbit Capital, Quiet Capital, Benefit Street Partners, Sberbank, FJ Labs, First Round Capital, and Foundation Capital. Go deeper

• Fort Point Capital is seeking to sell AMS Fulfillment Holdings, a Valencia, Calif.-based e-commerce logistics firm, per Axios Pro. Go deeper

🚑 H.I.G. Capital is seeking to sell Rising Pharmaceuticals, an East Brunswick, N.J.-based drugmaker that could fetch $1b, per Bloomberg. Go deeper

• Hotel Investment Partners, a Spanish hotel operator owned by Blackstone, is planning to go public this fall, per Cinco Dias. Go deeper

⚡ Hornbeck Offshore Services, a Covington, La.-based provider of marine transport services to the oilfield market, withdrew registration for a $100m IPO after completing a reverse merger with Helix Energy Solutions Group (NYSE: HLX). Hornbeck backers include Ares Management, Whitebox Advisors, and Highbridge Capital Management. Go deeper

🚑 KKR agreed to sell its 10% stake in Nordic Bioscience, a Danish biomarkers developer, back to company founder Claus Christiansen. Go deeper

• Lottomatica Group (Milan: LTMC) agreed to buy Madrid-listed gaming and sports betting firm Cirsa Enterprises for around €2.8b in stock. Blackstone is Cirsa's largest shareholder and would hold a 24% stake in the combined company. Go deeper

• New Mountain Capital sold Lincoln Investment, an RIA with around $63b in client assets, back to the Forst family and advisor shareholders. Go deeper

• NWPX Infrastructure (Nasdaq: NWPX) acquired Serpentix Conveyor, a maker of conveyor systems for municipal wastewater treatment plants. Sellers include Dry Fly Capital. Go deeper

⚡ Oneok (NYSE: OKE) agreed to pay $4.43b for Permian Midland Basin natural gas gathering ‌and processing assets from Brazos Midstream, backed by Old Ironsides Energy and EnCap Flatrock Midstream. Go deeper

• Palo Alto Networks (Nasdaq: PANW) agreed to acquire Console, an SF-based maker of IT agents that had raised $26m from Thrive Capital, Chapter One, DST Global, SV Angel, and Abstract Ventures. Go deeper

• Promus Equity Partners sold Associated Steel Group, an Oklahoma City, Okla.-based maker of metal building systems for U.S. commercial construction, to Hanwa Co. (Tokyo: 8078).

• Randa Apparel & Accessories acquired most assets of Untuckit, a brand and retailer of anti-wrinkle shirts for men that was backed by firms like Bond Capital, Clearco, Fifth Wall, and Kleiner Perkins. Go deeper

🎃 Spencer Spirit, parent company of Spencer's Gifts and Spirit Halloween, completed its $350m acquisition of retailer Hot Topic from Sycamore Partners. Go deeper

• Thoma Bravo is seeking to sell Foundation Software, a Strongsville, Ohio-based construction software provider that could fetch more than $2b, per Reuters. Go deeper

• TruckSmarter, a SF-based load board platform backed by Socium Ventures and Bain Capital, is being acquired and shutting down, per FreightWaves. Go deeper

• Wella, an NYC-based maker of nail polish and other beauty products, filed for an IPO that Renaissance Capital says could raise more than $500m. It reports $62m of net income on $2.94b of revenue for the year ended June 30, 2026 and plans to list on the NYSE (WELA). KKR carved Wella out of Coty in 2020. Go deeper

🚀 Airbus (Paris: AIR) is weighing a sale of its U.S. space business, per the FT. Go deeper

• Fomo, a VC-backed social trading app, acquired Mobula's data-indexing software and team for $17m, per Axios Pro. Go deeper

• House Foods Group (Tokyo: 2810) is weighing a sale of curry restaurant chain CoCo Ichibanya, per Nikkei. Go deeper

• Nvidia (Nasdaq: NVDA) is investing $3.5b into Taiwanese chipmaker MediaTek (TAI: 2454). Go deeper

⚡ Ranger Energy Services (NYSE: RNGR) agreed to acquire the U.S. coiled-tubing assets of STEP Energy Services. Go deeper

• Deloitte acquired Wavicle Data Solutions, a data and AI engineering organization with a Databricks practice. Go deeper

• Elliott Investment Management has built a stake in Air Liquide (Paris: AIRP), per Reuters. Go deeper

⚡ ePointZero of Abu Dhabi, UAE, agreed to acquire a 90% stake in Azura Power, a pan-African independent power producer. Go deeper

• Frasers Group (LSE: FRAS) plans to increase its stake in Hugo Boss (ETR: BOSS) to over 50%, after its €2.7b takeover offer failed. Go deeper

M&A deals of the week

Illustration of a punch bowl full of stacks of money. 

<h2 class="text-h6 !font-sans !font-normal !leading-[1.2em]">Private Equity Buys </h2>• Airswift, a Gemspring Capital portfolio company, acquired select upstream oil and gas workforce solutions of New Tech Global. <a class="gtmContentClick" data-vars-link-text="Go deeper" data-vars-click-url="https://axios.link/3UxgTqY" data-vars-content-id="773a7c84-1ebc-4ed1-b683-23d61afc20b3" data-vars-headline="M&amp;A deals of the week" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://axios.link/3UxgTqY" target="_self">Go deeper</a>• ALKU, a staffing firm owned by WestView Capital Partners, New Mountain Capital and FFL Partners, agreed to acquire RockITdata, a Philadelphia-based tech consultancy. <a class="gtmContentClick" data-vars-link-text="Go deeper" data-vars-click-url="https://axios.link/4xsMmJb" data-vars-content-id="773a7c84-1ebc-4ed1-b683-23d61afc20b3" data-vars-headline="M&amp;A deals of the week" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://axios.link/4xsMmJb" target="_self">Go deeper</a>

M&A deals of the week

Private Equity Buys

What to read next