Mergers & Acquisitions

MAI Capital Acquires Service Academy Capital Management To Expand Texas Presence And Ultra-High-Net-Worth Offering

By Amit Chowdhry ● Jun 1, 2026

MAI Capital Management announced the acquisition of Service Academy Capital Management (SACMGT), a Dallas-based registered investment advisor serving ultra-high-net-worth individuals, families, institutions, and family offices. SACMGT will join MAI’s ultra-high-net-worth division, Evoke. Financial terms of the transaction were not disclosed.

Other World Computing Acquires PowerON Services to Expand Technology Lifecycle, ITAD, and Sustainability Capabilities

By Amit Chowdhry ● Jun 1, 2026

Other World Computing (OWC), a provider of high-performance storage, memory, connectivity, software, and accessories, announced the acquisition of PowerON Services, a company specializing in IT asset disposition (ITAD), trade-in programs, reverse logistics, refurbishment, and technology value recovery solutions.

Dragos Acquires Phosphorus To Expand xOT Cybersecurity Platform

By Amit Chowdhry ● Jun 1, 2026

Dragos, a cybersecurity company focused on operational technology (OT) environments, announced the acquisition of Phosphorus, a provider of connected device security solutions. The deal expands Dragos’ platform beyond traditional OT systems to secure the broader Extended Operational Technology (xOT) environment, which includes billions of connected devices embedded across critical infrastructure and operational networks.

Aizy Acquires Uptmz To Expand AI-Driven Performance Marketing Platform

By Amit Chowdhry ● Jun 1, 2026

Dutch AI marketing software company Aizy has acquired fellow performance marketing software company Uptmz, creating an integrated advertising platform spanning Google, Microsoft, and Meta. The combined business now serves more than 600 customers and aims to bring together software, AI-powered optimization, automation, and strategic marketing support within a single ecosystem.

Focus Partners Wealth To Acquire EverNest Financial Advisors

By Amit Chowdhry ● Jun 1, 2026

Focus Financial Partners announced that its wealth management business, Focus Partners Wealth, has entered into an agreement to acquire EverNest Financial Advisors, a transaction expected to close in the third quarter of 2026, subject to customary closing conditions.

LPL Onboards $600 Million Firm Soundview Wealth Management

By Amit Chowdhry ● Jun 1, 2026

LPL Financial announced that financial advisors Michael Stevenson, David Johnson, and Nikko Gronhovd, CFP®, of Soundview Wealth Management, LLC have joined the firm's broker-dealer and Registered Investment Advisor platform. The team joins from D.A. Davidson and reported serving approximately $600 million in advisory, brokerage, and retirement plan assets.

Carson Group Welcomes $320 Million Advisory Firm Tungsten Wealth Management To Independent Advisor Channel

By Amit Chowdhry ● Jun 1, 2026

Carson Group announced that Tungsten Wealth Management has joined the firm's independent advisor channel, expanding Carson's network of partner firms and reinforcing its position as a leading wealth advisory platform. Carson Group manages more than $58 billion in assets under management and supports more than 165 partner offices nationwide.

Portman Hospitality Fund I Acquires Westin Peachtree Plaza In Atlanta

By Amit Chowdhry ● Jun 1, 2026

Portman announced that Portman Hospitality Fund I, LP has acquired the 1,073-room Westin Peachtree Plaza in downtown Atlanta from Marriott International. The hotel will remain under Marriott’s management through a long-term agreement.

CoStar Buying Zonda In $800 Million Deal

By Amit Chowdhry ● Jun 1, 2026

CoStar Group announced it has entered into a definitive agreement to acquire Zonda, a leading provider of new home construction data, homebuilder software, and residential real estate marketplaces, for $800 million in cash.

DevvStream, XCF Global, And Southern Energy Renewables Confirm Business Combination Remains On Track

By Amit Chowdhry ● Jun 1, 2026

DevvStream Corp., XCF Global, and Southern Energy Renewables announced that their proposed three-party business combination remains on track and that the governing Business Combination Agreement remains in full force and effect.

Southern Glazer’s Wine & Spirits Acquires Clare Rose And Expands Long Island Distribution Network

By Amit Chowdhry ● Jun 1, 2026

Southern Glazer’s Wine & Spirits announced the successful completion of its acquisition of substantially all of the assets of Clare Rose Inc., a move that expands the company’s footprint in Long Island, New York, and advances its total beverage growth strategy.

FlexGen Expands Battery Storage And Solar Services Through CES Acquisition

By Amit Chowdhry ● Jun 1, 2026

FlexGen Power Systems announced expanded capabilities following its acquisition of Clean Energy Services (CES), which was completed in April. By integrating CES into its portfolio, FlexGen is strengthening its operational and maintenance offerings, expanding field services through a larger domestic servicing team, and enhancing support for battery storage, solar, and hybrid energy projects.

MW Components Sold In $950 Million Deal To Rosebank Industries

By Amit Chowdhry ● Jun 1, 2026

American Securities announced it has completed the sale of MW Components, a manufacturer of highly engineered specialty fasteners, springs, and precision metal components, to Rosebank Industries in a transaction valued at approximately $950 million.