Mergers & Acquisitions

Zama Buying TokenOps To Bring Confidential Token Distributions, Airdrops, And Vesting To Public Blockchains

By Amit Chowdhry ● May 24, 2026

Zama announced it has acquired TokenOps in a deal designed to bring confidential and fully compliant token distributions, airdrops, and vesting to public blockchains using Fully Homomorphic Encryption (FHE).

Coupa Buying Tonkean To Accelerate Agentic Intake And Orchestration For Global Trade

By Amit Chowdhry ● May 24, 2026

Coupa announced it is acquiring Tonkean, an AI-native intake and orchestration platform, in a move designed to accelerate autonomous workflow automation and agentic trade capabilities across Coupa’s global network of buyers and suppliers.

Zscaler To Acquire Symmetry Systems For AI Agent Governance

By Amit Chowdhry ● May 24, 2026

Zscaler announced plans to acquire Symmetry Systems, a company focused on identity mapping and data access for AI security. The acquisition is designed to strengthen Zscaler’s Zero Trust platform with foundational visibility into how AI agents, applications, identities, and enterprise data interact across organizations.

LEIFRAS Acquires Tokai Sports To Expands Market Share

By Amit Chowdhry ● May 24, 2026

LEIFRAS, a youth sports and community engagement company, announced it has entered into a Stock Transfer Agreement to acquire 100% of Tokai Sports Co., Ltd., a long-established Japanese sports school operator with a 40-year history. The acquisition is expected to close on June 1, 2026, at which point Tokai Sports will become a wholly owned subsidiary of LEIFRAS.

Tallvine Partners: Marine Infrastructure Platform Expands With Lind Marine Acquisition

By Amit Chowdhry ● May 24, 2026

Tallvine Partners announced the acquisition of Lind Marine, LLC, expanding its North American marine infrastructure platform to the West Coast. The deal marks Tallvine’s second acquisition in the sector following its September 2025 acquisition of Donjon Marine, LLC. Financial terms of the transaction were not disclosed.

Arbor Alliance: Texas Expansion Accelerates With Thornton’s Tree Service Acquisition

By Amit Chowdhry ● May 24, 2026

Arbor Alliance, a leading provider of tree care services headquartered in Atlanta, announced the acquisition of Thornton’s Tree Service, expanding the company’s presence across Texas and strengthening its coverage throughout Central Texas.

Gilead Sciences: $3.15 Billion Tubulis Acquisition Completed To Strengthen Oncology And ADC Portfolio

By Amit Chowdhry ● May 24, 2026

Gilead Sciences announced the completion of its previously announced acquisition of Tubulis GmbH, a Germany-based clinical-stage biotechnology company focused on developing next-generation antibody-drug conjugates (ADCs). The deal expands Gilead’s oncology portfolio with new ADC assets and platform technologies designed to improve targeted cancer treatment.

Expedia: CarTrawler Acquisition Expands B2B Travel Platform Strategy

By Amit Chowdhry ● May 24, 2026

Expedia Group announced that it has entered into an agreement to acquire Ireland-based CarTrawler, a B2B platform specializing in car rental, ground transport, and Insurtech solutions for the global travel industry. The acquisition advances Expedia Group’s strategy of building a more comprehensive B2B travel platform by expanding beyond lodging and activities into mobility services.

Wynnchurch Capital: Sale Of Ironform Holdings Announced

By Amit Chowdhry ● May 24, 2026

Wynnchurch Capital announced the sale of Ironform Holdings Co. to a strategic buyer, marking the culmination of a multi-year operational transformation and growth strategy for one of North America’s largest metal fabrication companies.

Graco: $447 Million Valco Melton Acquisition Expands Precision Adhesive And Quality Assurance Capabilities

By Amit Chowdhry ● May 24, 2026

Graco, a global leader in fluid and powder handling technologies, announced that it has entered into a definitive agreement to acquire Valco Melton, a global provider of adhesive application and quality assurance systems, for $447 million in cash, including the present value of approximately $40 million in expected tax benefits, subject to customary adjustments.

YourStake Acquires First Affirmative And Relaunches Firm As Formative

By Amit Chowdhry ● May 24, 2026

YourStake announced the acquisition of First Affirmative Financial Network and the relaunch of the registered investment advisory firm under the new name Formative. The transaction combines First Affirmative’s more than 35 years of operational and investment infrastructure with YourStake’s technology platform to create a comprehensive support platform for values-based financial advisors.

Cranium AI Acquires Aiceberg To Expand Agentic AI Governance Capabilities

By Amit Chowdhry ● May 24, 2026

Cranium AI announced the acquisition of Aiceberg in a move designed to strengthen its end-to-end AI security, governance, and agentic AI platform.

AvalonBay Communities And Equity Residential: $69 Billion Merger Of Equals Creates Multifamily Real Estate Giant

By Amit Chowdhry ● May 24, 2026

AvalonBay Communities and Equity Residential announced a definitive all-stock merger of equals that will create one of the largest real estate companies in the United States, with a pro forma equity market capitalization of approximately $52 billion and an enterprise value of approximately $69 billion. The combined company will own more than 180,000 rental apartments and aims to expand operational scale, accelerate growth, and strengthen leadership in rental housing.

Outcomes4Me: AI-Driven Cancer Care Company Acquires Geno.Me And Realyze Intelligence To Expand Clinical Trial Access

By Amit Chowdhry ● May 24, 2026

Outcomes4Me announced the acquisitions of Geno.Me and Realyze Intelligence as the company expands its AI-powered cancer care and clinical trial matching capabilities. The company also named Scot Stevens as a Strategic Advisor.

Elite Consulting Partners Acquires 3xEquity

By Amit Chowdhry ● May 24, 2026

Elite Consulting Partners announced the acquisition of 3xEquity, a valuation and advisory platform serving financial advisors, RIAs, broker-dealers, and wealth management firms nationwide. The deal expands Elite Consulting Partners’ capabilities in valuation analysis, succession planning, enterprise growth strategy, and M&A advisory support as consolidation and succession activity continue to reshape the wealth management industry.

DDC: 200 Bitcoin Acquisition Lifts Holdings To 2,583 BTC Without Share Dilution

By Amit Chowdhry ● May 24, 2026

DDC Enterprise Limited announced that it acquired an additional 200 Bitcoin, increasing its total holdings to 2,583 BTC as the company continues expanding its digital asset treasury strategy. The transaction also increased Bitcoin exposure per 1,000 DDC shares by 8.4% to 0.054299 BTC without issuing new shares.

Greenland Mines: $35 Million Sarfartoq Acquisition Expands Greenland Rare Earths Platform

By Amit Chowdhry ● May 24, 2026

Greenland Mines announced it signed a definitive agreement to acquire the Sarfartoq Rare Earths Project in Greenland through the purchase of Neo North Star Resources, Inc. The deal adds an advanced neodymium-praseodymium rare earths asset to complement the company’s Skaergaard project and strengthens its position in the critical minerals sector.

Foundral: A. Hattersley & Sons Acquisition Expands Mechanical Services Platform

By Amit Chowdhry ● May 24, 2026

Foundral announced the acquisition of A. Hattersley & Sons, a Fort Wayne, Indiana-based mechanical contracting company founded in 1856. The deal expands Foundral’s growing portfolio of union-backed mechanical contracting businesses and strengthens its presence across the Midwest.

Authentic Brands Group To Acquire Lee From Kontoor Brands

By Amit Chowdhry ● May 24, 2026

Authentic Brands Group announced it has signed a definitive agreement to acquire Lee from Kontoor Brands in a deal that expands Authentic’s growing portfolio of global fashion and lifestyle brands.

Parker Hannifin: $2.55 Billion Acquisition Of CIRCOR Aerospace Announced

By Amit Chowdhry ● May 24, 2026

KKR and CIRCOR International announced that they have signed a definitive agreement to sell CIRCOR Aerospace, the company’s aerospace division, to Parker Hannifin for $2.55 billion. KKR originally acquired CIRCOR for $1.8 billion in 2023 and will continue to retain ownership of the company’s Naval and Industrial businesses.

Sonar: AI Code Verification Leader Acquires Gitar To Expand Into AI Code Review

By Amit Chowdhry ● May 23, 2026

Sonar announced the acquisition of Gitar, expanding its AI code verification platform to include AI-powered code review capabilities designed for the agentic software development era.

Delivery Hero: Uber Reveals €10 Billion Takeover Bid For Food Delivery Rival

By Amit Chowdhry ● May 23, 2026

Delivery Hero disclosed that it received a takeover approach from Uber Technologies, valuing the food delivery company at approximately €10 billion, according to a report from the Financial Times. The proposed deal would mark one of the largest consolidation moves in the global food delivery sector as competition intensifies and profitability pressures continue across the industry.

JPMorgan: Millions Of Comics Caught In Bankruptcy Fight Over Diamond Comic Distributors

By Amit Chowdhry ● May 23, 2026

A growing bankruptcy battle involving JPMorgan Chase and former comic distribution giant Diamond Comic Distributors is putting millions of comic books, graphic novels, collectibles, and tabletop games at the center of a legal fight over ownership rights and creditor claims, according to Bloomberg.

SpaceX: $185 Million Memphis xAI Data Center Acquired From Phoenix Investors Affiliate

By Amit Chowdhry ● May 23, 2026

An affiliate of Phoenix Investors announced the sale of a 217-acre, 785,000-square-foot data center property in Memphis, Tennessee to a subsidiary of SpaceX for $185 million. The facility, located at 3231 Paul R Lowry Road, is commonly referred to as Colossus I, the first data center of xAI, which is a subsidiary of SpaceX.

Marco Sealing Solutions: Pride Seals Acquisition Expands Engineered Sealing Solutions Platform

By Amit Chowdhry ● May 23, 2026

Marco Sealing Solutions, an Align Capital Partners portfolio company, announced the acquisition of Pride Seals, Inc., strengthening its position as a provider of engineered sealing solutions across industrial end markets.

Expedia: Acquisition Of CarTrawler Expands B2B Travel Platform Strategy

By Amit Chowdhry ● May 23, 2026

Expedia Group announced it has entered into an agreement to acquire CarTrawler, advancing its strategy to build a more comprehensive B2B travel platform spanning lodging, activities, car rentals, ground transportation, and Insurtech services.

Tallvine Partners: Marine Infrastructure Platform Expands With Lind Marine Acquisition

By Amit Chowdhry ● May 23, 2026

Datavault AI And Wellgistics Health Create $4 Billion DelivMeds AI Venture

By Amit Chowdhry ● May 23, 2026

Datavault AI announced a binding term sheet with Wellgistics Health to form DelivMeds AI, Inc., a new healthcare-focused company expected to integrate blockchain-enabled healthcare infrastructure, AI-powered pharmacy services, biometric verification technologies, drone logistics intellectual property, and consumer health platforms. The combined transaction package carries an expected approximate asset value of $4 billion, subject to an independent fairness opinion.

InSphero: PhenoVista Biosciences Acquisition Expands 3D Cell-Based Assay And Imaging Capabilities

By Amit Chowdhry ● May 23, 2026

InSphero AG announced the acquisition of PhenoVista Biosciences, Inc. in a move designed to expand advanced 3D cell-based assay, high-content imaging, and predictive in vitro modeling capabilities for drug discovery and toxicology research.

Harbor IT: Acquisition Of ComTech Computer Services Expands Southeast Presence And National Platform

By Amit Chowdhry ● May 23, 2026

Harbor IT, a national provider of managed IT services, cybersecurity, AI, and cloud solutions, announced the acquisition of ComTech Computer Services, a managed service provider based in Graham, North Carolina.