All Access

M&A Deals

M&A Deals Alerts

Alert

• Acuity Analytics, backed by Permira, acquired Continuus, a Milwaukee-based data consultancy specializing in financial services. Go deeper

• Advantage Investigations, backed by Align Capital Partners, acquired Fishkill, N.Y.-based NorStar Investigations. Go deeper

• AEA Investors and British Columbia Investment Management Corporation acquired Rensa Filtration, a provider of filtration solutions for mission-critical applications, from Audax Private Equity. Audax will retain a minority stake. Go deeper

• Alliant Insurance Services, backed byStone Point, acquired Melcher & Prescott, a Laconia, N.H.-based independent insurance agency and brokerage. Go deeper

• Altaris completed its $375m take-private acquisition of drug development firm Simulations Plus, which it then merged with existing portfolio company Chemical Computing Group. Go deeper

• Antenna Research Associates, backed by OceanSound Partners, merged with**Empower RF Systems,**an Inglewood, Calif.-based manufacturer of high-power solid-state RF and microwave amplifiers. Go deeper

🚑 Apheon acquired a majority stake in Hager & Meisinger, a German provider of dental instruments and workflow solutions. Go deeper

⚡ Apollo Global Management made a non-binding bid for German state-owned energy utility Uniper, per Reuters. Go deeper

• Ardurra Group, backed by Littlejohn, acquired Enprotec/Hibbs & Todd, an Abilene, Texas-based water and wastewater engineering consultancy. Go deeper

• ASK Investment Managers, backed by Blackstone, agreed to acquire SageOne Investment Managers, an Indian portfolio management services company. Go deeper

• Aurora Capital Partners acquired Softdocs, a Columbia, S.C.-based provider of process automation and document management software for education and government. Go deeper

• Axis Capital is weighing a bid for Permanent TSB, an Irish retail lender whose shareholders approved a €1.6b takeover offer from Austria's BAWAG ⁠Group. Go deeper

• BDT & MSD Partners agreed to acquire a majority stake in Sunrise Senior Living, a McLean, Va.-based operator of luxury senior living facilities, for around $1b. Go deeper

• Beach Point Capital Management invested in Fullers Foods, a U.K. food procurement company, with Quilvest Capital Partners exiting. Go deeper

• Bertram Capital invested in Percopo Coatings, a Longwood, Fla.-based provider of coatings and restoration services. Go deeper

• Blackstone, KKR and Warburg Pincus are weighing bids for windshield repair company Cary, which is owned by CVC Capital Partners and Nordic Capital, per Bloomberg. Go deeper

• BlueMatrix, a Thoma Bravo portfolio company, agreed to acquire Aiera, an NYC-based content delivery platform. Go deeper

• Carlton Industrial Solutions, a Reynolda Equity Partners portfolio company, acquired both American Scale & Equipment (Baltimore) and Carolina Scales (Columbia, S.C.). Go deeper

⚡️ Carlyle Group is no longer pursuing an acquisition of most of Russian oil producer Lukoil's international assets after an agreement expired, per Bloomberg. Go deeper

🚑 CD&RandMcKesson (NYSE: MCK) agreed to buy medical infusion company Option Care (Nasdaq: OPCH) for $5.8b, or $32.05 per share. Go deeper

🚑 Certerra, backed by OceanSound Partners, acquired Universal Testing & Inspection Services, a materials testing, lab service and analysis for infrastructure projects. Go deeper

• CFGI, backed by Carlyle and CVC Capital Partners, acquired Dallas-based BAO Consulting Group. Go deeper

• Chemistry, backed by Breakwater Management, acquired Boston-based creative agency Colossus. Go deeper

• Duncan Solutions, backed by Gallant Capital Partners, sold Pioneer Credit Recovery, a debt collection service. Go deeper

🌎 Eurazeo agreed to acquire a majority stake in Miya Water, a Spanish provider of water efficiency solutions. Go deeper

🚑 FFL Partners invested in Ally Technical (fka Althea US), a provider of medical technology management solutions. Go deeper

• Fumex Air Filtration Systems, backed by Vance Street Capital, acquired Filtrabox, a Montreal air filtration products maker. Go deeper

• FVLCRUM Funds acquired Fidelity Technology Services, a Reading, Pa.-based provider of military simulation training systems. Go deeper

• Graycliff Partners invested in ValveTek Utility Services and MeterTek Utility Services, Kenilworth, N.J.-based providers of water meter and distribution system services to water utilities. Go deeper

• Gridiron Capital invested in Weed Man, a North American lawn care franchisor. Go deeper

• Growth Capital Partners invested in Agilia, a London-based infrastructure consultancy. Go deeper

• Intertape Polymer Group, a Clearlake portfolio company, acquired Clysar, a Clinton, Iowa-based manufacturer of polyolefin shrink film. Go deeper

• Kian Capital acquired Integrity Landscape, a Bay Area commercial landscape services group. Go deeper

• Kohlberg acquired a majority stake in Advanced Industrial Devices, a Tulsa, Okla.-based provider of automation and control solutions, from Black Bay. Go deeper

• LongWater Private Equity acquired a majority stake in Blastco, a Channelview, Texas-based provider of surface preparation, industrial coatings and tank rehabilitation services. Go deeper

• Lornamead, backed by Sojourner Consumer Partners, is merging with AMG Brands to form a single provider of consumer staples for the home and body markets. Go deeper

• Main Capital Partners acquired a majority stake in Raynet, a German provider of IT visibility, IT asset management, and cybersecurity solutions. Go deeper

⚡ Marlin Equity Partners agreed to invest in Rystad Energy, a Norwegian provider of energy market research. Go deeper

⚡ Monomoy Capital Partners acquired Creedence Energy Services, a Minot, N.D.-based provider of production and midstream chemical solutions. Go deeper

• Norlee Group, backed by Heartwood Partners, acquired IEM Electric, a Hickory, N.C.-based industrial electrical contractor. Go deeper

• North Branch Capital invested in Callaway Industrial Services, a Morrisville, N.C.-based industrial maintenance firm. Go deeper

• OceanSound Partners invested in IMSAR, a Springville, Utah-based maker of synthetic aperture radar payloads and mission software. Go deeper

🌎 Officine Maccaferri, an Ambienta portfolio company, acquired two makers of lower-carbon road materials: Iterchimica (Italy) and Surface Tech (San Diego). Go deeper

• SafeBuilt, backed by The Riverside Co., acquired NEIC, a building plan review and inspection agency for municipal clients in Northeast Pennsylvania. Go deeper

•Salt Creek Capital acquired MK Plastics, a Canadian manufacturer of corrosion-resistant industrial and commercial ventilation equipment. Go deeper

•Samy, backed by Bridgepoint, acquired Get Engaged, an Atlanta-based social and influencer marketing agency. Go deeper

🚑 Spectrum Equity invested in Symmetric, a Philadelphia-based provider of health-care supply chain intelligence. Go deeper

•SRS Acquiom, backed by Lovell Minnick Partners and Carlyle AlpInvest, agreed to acquire Pantarai, a U.K.-based provider of loan closing solutions. Go deeper

💊 Stable Asset Management invested $100m in Alchemist Capital, a NYC-based biotech investment firm founded by Andy Tran, previously a principal at Matrix Capital Management. Go deeper

• Stryten Energy, backed byAtlas Holdings, acquired motive battery companies C&D Technologies (Horsham, Pa.) andTrojan Battery (Santa Fe Springs, Calif.). Go deeper

⚡ TDR Capital agreed to buy  OCU Group, a U.K. energy transformation and infrastructure services platform, from Triton Partners. Go deeper

• Trustly, a Swedish digital payments company, raised $40m from insiders Nordic Capital and Alfvén & Didrikson. Go deeper

• TTDS, a Gryphon Investors portfolio company, acquired Thermal Products, a Charlotte-based provider of heat transfer and process equipment solutions. Go deeper

• TZP Group, HPS, and Capital Dynamics launched Pavilion, an NYC-based vacation rental company managing more than 5,000 homes. Go deeper

• Univar Solutions, backed byApollo, acquired H.M. Royal, a Trenton, N.J.-based distributor of specialty raw materials and chemicals. Go deeper

• Verdantas, backed by Sterling Investment Partners, acquired Civilitude Engineers and Planners, an Austin, Texas-based engineering and planning firm. Go deeper

🌎 Via Verde, an Italian biomethane developer, raised project funds from Copenhagen Infrastructure Partners. Go deeper

• Warburg Pincus invested in Awayday, a Destin, Fla.-based vacation rental management company controlled by Ares Private Equity and LightBay Capital. Go deeper

• Warren Equity Partners acquired VDA, an East Hanover, N.J.-based escalator inspection services firm, from Keystone Capital Management. Go deeper

Echo Global Logistics, a Chicago-based freight shipping logistics firm backed by TJC, plans to delay its IPO until early 2027, per Axios Pro. Go deeper

🚑 Boyu Capital is weighing a sale of Quasar Medical, a Singaporean medical device CDMO, per Bloomberg. Go deeper

⚡ Energy Transfer (NYSE: ET) agreed to acquire Dallas-based Vaquero Midstream for $2.63b in cash and stock. Sellers would include Yorktown Partners and Keeneland Capital. Go deeper

• Elliott Investment Management hired BofA and Perella Weinberg to sell Gigamon, a Santa Clara, Calif.-based provider of network visibility and optimization that could fetch more than $2b, per Reuters. Go deeper

• Firy (NYSE: FIRY) sold its entire 10.5% equity stake in Germany's Exit Games back to the company for $55m in cash. Go deeper

🚑 GE HealthCare (Nasdaq: GEHC) agreed to buy Sofie Biosciences, a Dulles, Va.-based maker of cancer scan chemicals, for $945m in cash. Sofie backers include Trilantic. Go deeper

• Informa (LSE: INF) agreed to buy B2B live events business Clarion Events for £2.24b from Blackstone. Go deeper

• Mynt, a Philippine fintech, expects to be valued at around $7b in its domestic IPO. It's raised nearly $800m from firms like Ant Group, Insight Partners, and Warburg Pincus. Go deeper

🌎 One Rock Capital Partners completed its $470m sale of EnviroServe, an environmental services provider, to Clean Harbors (NYSE: CLH). Go deeper

• Prelude Growth Partners sold its minority stake in better-for-you snackmaker Riverside Natural Foods back to the founding family. Go deeper

• Sainsbury's (LSE: SBRY) earlier this year held merger talks with smaller U.K. grocer Morrisons, owned by CD&R, per the FT. Go deeper

🚑 Shionogi (Tokyo: 4507) agreed to buy IntraBio, an Austin, Texas-based rare disease biotech, for $2b. IntraBio had raised over $60m from firms like Biohealth Innovation. Go deeper

• AkzoNobel is in talks to sell its Southeast Asian decorative paints business to Nippon Paint (Tokyo: 4612) for over $1b, per the FT. Go deeper

• Alto, a Nashville-based self-directed IRA platform, agreed to acquire custodian Forge Trust from Forge Global, a Charles Schwab company. Go deeper

• BT Group (LSE: BT) will pay £400m to buy TalkTalk, a British low-cost internet service provider, out of administration. Go deeper

⚡ Cenovus Energy (TSX: CVE) agreed to buy Athabasca Oil (TSX: ATH) for around C$5.7b in cash and stock. Go deeper

• C.H. Robinson (Nasdaq: CHRW) agreed to acquire RXO (NYSE: RXO), a Charlotte, N.C.-based provider of truck brokerage services, for $5.8b in cash and stock. Go deeper

• Constellation Brands (NYSE: STZ) acquired SpikedAde, a ready-to-drink vodka beverage brand, for $75m. Go deeper

⚡ Crescent Energy (NYSE: CRGY) agreed to acquire Eagle Ford assets from Devon Energy (NYSE: DVN) for around $3.85b. Go deeper

• Curaleaf (TSX: CURA) sweetened its takeover bid for rival Aurora Cannabis (TSX: ACB). Go deeper

• Davidson Kempner agreed to sell ECS, a Portuguese alternative asset manager, to Draycott. Go deeper

⚡ Emera (TSX: EMA) agreed to buy Canadian Utilities (TSX: CU) for C$14.3b in stock. Go deeper

🏀 EuroLeague rejected a merger offer with the NBA's upcoming European basketball league. Go deeper

• Frasers Group (LSE: FRAS) acquired an 8.8% stake in Under Armour (NYSE: UAA). Go deeper

⚡ Galp Energia, a listed Portuguese oil company, is exploring options for its renewable energy business, including a possible sale, per Bloomberg. Go deeper

• Gyde, an Austin, Texas-based health brokerage platform that's raised $60m from VCs like Lightspeed, acquired Capstone Benefits Consulting, a Statesboro, Ga.-based employee benefits firm. Go deeper

• Intesa Sanpaolo (Milan: ISP) sweetened its takeover bid for rival Italian lender Banca Monte dei Paschi di Siena (M: BMPS) to €31.4b. Go deeper

⚡ Ithaca Energy (LSE: ITH) agreed to buy a portfolio of offshore oil projects from Suncor Energy (TSX: SU) for up to $1.11b. Go deeper

• Paramount Skydance (Nasdaq: PSKY) has completed its acquisition of Warner Bros. Discovery.

• RBC plans to vote against the breakup and sale of H&R Real Estate Investment Trust to investors including Blackstone and GO Residential Real Estate Investment Trust. Go deeper

• Simple Logistics, a Nashville, Tenn.-based freight brokerage, hired Tenney Group to prepare for a sale, per Axios Pro. Go deeper

• Starbucks (Nasdaq: SBUX) has explored a takeover of Chipotle Mexican Grill (NYSE: CMG), a Newport Beach, Calif.-based QSR with a market cap of about $40b, per the FT. Go deeper

• Third Coast Bancshares (NYSE: TCBX) agreed to acquire Oklahoma's Great Plains Bancshares for around $239.6m in stock. Go deeper

• TowneBank (Nasdaq: TOWN) agreed to acquire North Carolina's Blueharbor Bank (OTC: BLHK) for around $154m. Go deeper

• Uber (NYSE: UBER) agreed to acquire ezCater, a Boston-based platform for catering and workplace meals, for $2.3b in cash. Go deeper

💊 Viatris (Nasdaq: VTRS), a global drugmaker, announced it will buy Pacira Biosciences (Nasdaq: PCRX) for $1.65b in cash to add two non-opioid pain treatments to its portfolio. Go deeper

M&A deals of the week

an illustration of dollar bills, business imagery and various colored rectangles divided into a grid

<h2 class="text-h6 !font-sans !font-normal !leading-[1.2em]">Private Equity Buys</h2>• Acuity Analytics, backed by Permira, acquired Continuus, a Milwaukee-based data consultancy specializing in financial services. <a class="gtmContentClick" data-vars-link-text="Go deeper" data-vars-click-url="https://axios.link/4zHmiLp" data-vars-content-id="2fcda2c8-f2f5-4f95-8f44-6e2c01340535" 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/4zHmiLp" target="_self">Go deeper</a>• Advantage Investigations, backed by Align Capital Partners, acquired Fishkill, N.Y.-based NorStar Investigations. <a class="gtmContentClick" data-vars-link-text="Go deeper" data-vars-click-url="https://axios.link/4drsXAA" data-vars-content-id="2fcda2c8-f2f5-4f95-8f44-6e2c01340535" 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/4drsXAA" target="_self">Go deeper</a>

M&A deals of the week

Private Equity Buys

What to read next