Mergers & Acquisitions

Eaton To Buy Boyd Thermal For $9.5 Billion, Expanding Data Center Liquid Cooling And Aerospace Capabilities

By Amit Chowdhry ● Today at 8:50 PM

Intelligent power management company Eaton has announced an agreement to acquire the Boyd Thermal business of Boyd Corporation from Goldman Sachs Asset Management for $9.5 billion. The acquisition will significantly strengthen Eaton’s position in the global data center and aerospace markets by adding Boyd Thermal’s advanced liquid cooling technologies and technical expertise to Eaton’s existing power management portfolio.

bp Selling $1.5 Billion In U.S. Midstream Assets To Sixth Street

By Amit Chowdhry ● Today at 5:58 PM

bp has agreed to sell non-controlling interests in its U.S. onshore midstream assets in the Permian and Eagle Ford basins to Sixth Street-managed funds for $1.5 billion. The transaction enables bp to unlock capital while maintaining operatorship and control of its strategic infrastructure.

Manifold Bio And Roche Form Strategic Collaboration To Develop Next-Generation Brain Shuttles For Neurological Diseases

By Amit Chowdhry ● Today at 4:39 PM

Manifold Bio, a platform therapeutics company pioneering AI-guided drug discovery using direct-to-vivo measurement, announced a major research collaboration and license agreement with Roche to develop multiple next-generation blood-brain barrier (BBB) shuttles for neurological and neurodegenerative diseases.

DuPont Completes Spin-Off Of Qnity Electronics As Independent Public Company

By Amit Chowdhry ● Today at 4:37 PM

DuPont announced it has completed the separation of its electronics business, which now operates as an independent publicly traded company named Qnity Electronics. The transaction was finalized on November 1, 2025, marking a significant milestone in DuPont’s ongoing strategic transformation.

Prospera Financial Services Onboards Behrle | Bergin, Expanding With $200 Million In Client Assets

By Amit Chowdhry ● Today at 4:36 PM

Prospera Financial Services, a Dallas-based boutique wealth management firm supporting independent advisors nationwide, announced that Behrle | Bergin, a financial advisory team based in Irvine, California, has joined its platform.

Automation Anywhere Buying Aisera To Advance The Autonomous Enterprise Era

By Amit Chowdhry ● Today at 4:25 PM

Automation Anywhere, a global leader in Agentic Process Automation (APA) and enterprise AI, has announced the acquisition of Aisera, a top provider of agentic AI solutions for autonomous IT. The deal unites two pioneers in automation and conversational AI to create the industry’s most complete agentic automation platform, designed to deliver fully autonomous operations across departments such as IT, HR, and customer service.

Harbour Group’s ACS Expanding Recycling Capabilities With Acquisition Of Pagani

By Amit Chowdhry ● Today at 4:12 PM

Harbour Group announced that its portfolio company, ACS Group, has acquired the assets of Dycomet S.A. de C.V., known in the market as Pagani. The terms of the transaction were not disclosed.

Canopy Aerospace & Defense Expanding Global Reach With Acquisition Of Tods Technology

By Amit Chowdhry ● Today at 4:12 PM

Canopy Aerospace & Defense (Canopy A&D), a portfolio company of Trive Capital, announced its acquisition of Tods Technology Ltd., a United Kingdom-based designer and manufacturer of advanced composite structures and acoustic materials for the maritime defense industry. The acquisition marks a significant expansion of Canopy A&D’s global presence and technical expertise, particularly in the marine defense sector.

Alternative Payments Buys Delmar Insights To Launch First AI-Based Payments And Intelligence Platform

By Amit Chowdhry ● Today at 4:09 PM

Alternative Payments, a leading financial operating system for B2B services companies, has announced its acquisition of Delmar Insights, a data and analytics platform specializing in advanced benchmarking and operational intelligence. The integration will create the first end-to-end platform that combines financial automation workflows with industry-specific intelligence, delivering real-time, AI-powered decision-making for services-based businesses.

H.I.G. Realty Expanding European Logistics And Industrial Platform With Acquisition Of Four Properties In Norway

By Amit Chowdhry ● Today at 12:34 PM

H.I.G. Capital, a leading global alternative investment firm managing $70 billion in assets, announced that one of its affiliates has acquired four logistics and light-industrial properties in Norway as part of the firm’s continued expansion across Europe.

Wealth Enhancement Acquires Wise Wealth, Expanding To Over $125 Billion in Client Assets

By Amit Chowdhry ● Today at 12:28 PM

Wealth Enhancement, a national independent wealth management firm headquartered in Minneapolis, announced the acquisition of Wise Wealth, an independent registered investment advisor (RIA) with offices in Lee’s Summit, Rolla, and Liberty, Missouri. The deal marks Wealth Enhancement’s 100th acquisition and brings its total client assets to more than $125 billion.

Bugcrowd Buys Mayhem Security To Advance AI-Based Human-In-The-Loop Cybersecurity Platform

By Amit Chowdhry ● Today at 12:27 PM

Bugcrowd has announced the acquisition of Mayhem Security, an AI offensive security pioneer founded by Carnegie Mellon University researchers Dr. David Brumley and Dr. Thanassis Avgerinos. The acquisition accelerates Bugcrowd’s mission to integrate human ingenuity with AI-driven automation, creating an adaptive security platform that continuously identifies and mitigates vulnerabilities throughout the software development lifecycle. Terms of the deal were not disclosed.

Denny’s Being Acquired For $620 Million By TriArtisan, Treville, And Yadav

By Amit Chowdhry ● Yesterday at 11:15 PM

Denny’s announced that it has entered into a definitive agreement to be acquired by a consortium led by TriArtisan Capital Advisors, Treville Capital Group, and Yadav Enterprises in an all-cash transaction valued at approximately $620 million. The agreement, unanimously approved by Denny’s Board of Directors, will result in the company becoming privately held.

Mark Walter Finalizes Majority Acquisition Of Los Angeles Lakers

By Amit Chowdhry ● Yesterday at 11:09 PM

Following unanimous approval from the NBA Board of Governors, billionaire investor Mark Walter has officially completed his acquisition of a majority stake in the Los Angeles Lakers. The deal ushers in a new era for one of the most storied franchises in professional sports, with a focus on sustaining championship excellence while deepening its commitment to innovation and community impact.

Philadelphia Insurance Companies Acquires Ignyte’s Collector Vehicle Division in $615 Million Deal

By Amit Chowdhry ● Yesterday at 11:08 PM

Philadelphia Insurance Companies (PHLY) announced the acquisition of Ignyte Insurance’s Collector Vehicle Division in a deal valued at $615 million. The deal brings four leading brands—American Collectors Insurance, J.C. Taylor Insurance, Condon Skelly, and Heacock Classic—under the PHLY umbrella.

Ignite Visibility Acquires EverConnect From EverCommerce To Expand Marketing Capabilities

By Amit Chowdhry ● Yesterday at 11:06 PM

Ignite Visibility has acquired EverConnect, the marketing technology services platform of EverCommerce, to strengthen its position as a leading provider of tailored marketing solutions for franchises and multi-location brands.

Carrington To Buy Reliance First Capital From Tiptree

By Amit Chowdhry ● Yesterday at 11:05 PM

Carrington Holding Company announced that it has agreed to acquire Reliance First Capital from Tiptree. This move will add a direct-to-consumer retail channel to its mortgage operations. The acquisition is designed to create a more balanced, competitive, and resilient mortgage platform for the company’s nationwide real estate and lending activities.

AssetMark Expands RIA Presence With Acquisition Of Efficient Advisors And $3 Billion In Client Assets

By Amit Chowdhry ● Yesterday at 11:04 PM

AssetMark Financial announced its plan to acquire Efficient Advisors, an asset management platform overseeing $3 billion in client assets, from Fiduciary Services Group (FSG). The acquisition strengthens AssetMark’s position within the registered investment advisor (RIA) channel and supports its long-term strategy to expand its wealth management capabilities through both organic and strategic growth.

iA Financial Completes Acquisition Of RF Capital Group, Expanding National Wealth Management Platform Beyond $330 Billion In Assets

By Amit Chowdhry ● Yesterday at 11:02 PM

iA Financial has officially completed its acquisition of RF Capital Group, marking a significant expansion of its Canadian wealth management business and strengthening its position as one of the country’s leading non-bank financial platforms.

NUBURU: Defense Transformation Advanced With Completion Of First Phase In Orbit Acquisition

By Amit Chowdhry ● Yesterday at 11:01 PM

NUBURU, a global pioneer in blue-laser innovation and defense technology, has completed the first phase of its planned acquisition of Orbit S.r.l., marking a significant step in the company’s expansion into software-driven defense and security solutions. The deal establishes a strong foothold in the multi-billion-dollar market for operational resilience and crisis management technologies.

Vector Capital: Acquisition Of Showpad Finalized And New CEO Appointed

By Amit Chowdhry ● Yesterday at 10:31 PM

Vector Capital Management, a technology-focused investment firm based in San Francisco, has completed its acquisition of Showpad, a global leader in AI-driven revenue enablement technology. The deal combines Showpad with Vector’s portfolio company, Bigtincan, to form a unified organization operating under the Showpad brand. The combined company aims to create a comprehensive AI-native revenue effectiveness platform designed to support field-selling organizations worldwide.

Chewy To Buy SmartEquine In Strategic Move To Expand Equine Health And Wellness Offerings

By Amit Chowdhry ● Yesterday at 10:30 PM

Chewy, a leader in pet food, supplies, and healthcare, announced that it has entered into a definitive agreement to acquire SmartPak Equine from Covetrus. The acquisition will expand Chewy’s presence in the equine health category and enhance its portfolio in the high-margin pet wellness sector.

CoreWeave Buying Marimo To Expand Unified AI Developer Platform

By Amit Chowdhry ● Yesterday at 10:29 PM

CoreWeave announced that it has entered into a definitive agreement to acquire Marimo Inc., the company behind the open-source marimo notebook. Marimo’s AI-native, reactive development environment for Python is designed for AI and data workloads, and its integration will strengthen CoreWeave’s mission to build the most comprehensive developer platform for artificial intelligence.

Cetera: $365 Million Advisor Christian Benard Joins Avantax Network

By Amit Chowdhry ● Yesterday at 10:29 PM

Cetera Financial Group has announced that long-time Commonwealth Financial Network advisor Christian R. Benard, CFP, EA, AIF, has joined its community of tax-focused financial professionals under Avantax. Benard’s firm, Innovative Financial, based in Troy, Michigan, manages approximately $365 million in assets under administration and integrates wealth management with comprehensive tax services.

Platinum Equity: Acquisition Of PlayPower Finalized

By Amit Chowdhry ● Yesterday at 10:28 PM

Platinum Equity has officially completed its acquisition of PlayPower, a global leader in the design and manufacturing of recreational and outdoor living systems, from Littlejohn & Co.. The deal adds another major brand to Platinum Equity’s growing portfolio, strengthening its position in the outdoor recreation and consumer products sectors.

Vodafone To Buy Skaylink For €175 Million To Bolster Cloud, Security, and AI Capabilities

By Amit Chowdhry ● Yesterday at 10:27 PM

Vodafone Group Plc announced that it has entered into a binding agreement to acquire 100% of Skaylink GmbH for €175 million. The acquisition is primarily funded by Waterland and is expected to strengthen Vodafone’s capabilities in cloud computing, digital transformation, and cybersecurity.

Publicis To Buy HEPMIL Media Group

By Amit Chowdhry ● Yesterday at 6:57 PM

Publicis Groupe announced that it has entered into a definitive agreement to acquire HEPMIL Media Group, Southeast Asia’s leading influencer, content, and social agency. The acquisition will strengthen Publicis Groupe’s presence in the fast-growing creator economy and further position it as the region’s most data-driven influencer marketing network.

Abry Partners Buying Portfolio Holding From Capital Z Partners

By Amit Chowdhry ● Yesterday at 6:55 PM

Abry Partners, a Boston-based private equity firm, has announced an agreement to acquire Portfolio Holding, Inc. from Capital Z Partners, LP, a New York-based private equity firm. The transaction is subject to customary closing conditions, and financial terms were not disclosed.

AIG To Buy 35% Stake In Convex And 9.9% In Onex In $2.7 Billion Strategic Investment

By Amit Chowdhry ● Yesterday at 6:07 PM

American International Group announced plans to make two significant strategic investments, acquiring a 35% equity interest in Convex Group Limited, a global specialty insurer, and a 9.9% ownership stake in Onex Corporation, a global alternative asset manager. The dual transactions, valued at approximately $2.7 billion in total, are designed to strengthen AIG’s earnings profile and expand its exposure to specialty insurance and higher-yielding investment opportunities.

Kimberly-Clark To Acquire Kenvue In $48.7 Billion Deal

By Amit Chowdhry ● Yesterday at 9:30 AM

Kimberly-Clark announced plans to acquire Kenvue in a cash and stock transaction valuing the consumer health company at an enterprise value of approximately $48.7 billion. The deal, unanimously approved by both boards, will create a combined global leader with roughly $32 billion in annual net revenues and $7 billion in adjusted EBITDA. The transaction, based on the closing price of Kimberly-Clark stock on October 31, 2025, represents an acquisition multiple of about 14.3x Kenvue’s last twelve months adjusted EBITDA, or 8.8x when including expected run-rate savings of $2.1 billion. Kenvue is known for brands like Tylenol, Band-Aid, Listerine, Neutrogena, Aveeno, Zyrtec, Imodium, and Nicorette. And Kimberly-Clark is known for Huggies, Pull-Ups, Kleenex, Scott, Cottonelle, Depend, Kimwipes, and Safeskin.