Mergers & Acquisitions

Lilly To Buy Ventyx Biosciences For $1.2 Billion To Expand Oral Inflammation Pipeline

By Amit Chowdhry ● Jan 8, 2026

Eli Lilly and Company announced it has entered into a definitive agreement to acquire Ventyx Biosciences, a San Diego-based clinical-stage biotech developing oral small-molecule therapies for inflammatory-mediated diseases. Lilly said the deal strengthens its capabilities in chronic inflammation, spanning cardiometabolic health, neurodegeneration, and autoimmune disease.

Sagard Real Estate Buys Auburn, Washington Industrial Facility To Expand PNW Footprint

By Amit Chowdhry ● Jan 8, 2026

Sagard Real Estate announced it has acquired a 162,400-square-foot industrial distribution facility in Auburn, Washington, expanding its U.S. industrial portfolio in the Pacific Northwest through a core-plus investment.

DoiT Acquires SELECT To Add PerfectScale For Snowflake And Extend FinOps Automation

By Amit Chowdhry ● Jan 8, 2026

DoiT has acquired SELECT, a data optimization company focused on helping enterprises gain visibility and control over data platform spending, beginning with Snowflake. DoiT said the deal advances its previously announced $250 million AI investment strategy and follows other recent acquisitions including LiveDiagrams, PerfectScale, and CloudWize. Financial terms were not disclosed.

Grant Avenue Capital Acquires PatientCare EMS Solutions, Names Jeff Shullaw CEO

By Amit Chowdhry ● Jan 8, 2026

Grant Avenue Capital has acquired PatientCare EMS Solutions, a provider of ground-based healthcare transportation services, in a deal the firm said will support platform growth, geographic expansion, and deeper partnerships with municipalities, hospitals, and health systems. Terms were not disclosed.

Baker Tilly Names Eric Miles CEO Following Moss Adams Combination

By Amit Chowdhry ● Jan 8, 2026

Baker Tilly announced Eric Miles has assumed the role of chief executive officer, succeeding Jeff Ferro, as the advisory, tax, and assurance firm continues integration and growth following its combination with Moss Adams announced in June.

Toptal Acquires Graphite To Expand Finance, Strategy, And Consulting Talent Network

By Amit Chowdhry ● Jan 8, 2026

Toptal announced it has acquired Graphite and the Graphite brand, adding an on-demand network of more than 12,000 vetted independent experts, consultants, and executives across finance, accounting, corporate strategy, marketing, and other functions.

UserTesting Acquires User Interviews To Expand Enterprise Participant Recruitment

By Amit Chowdhry ● Jan 8, 2026

UserTesting has acquired User Interviews in a move to combine enterprise customer insights software with large-scale participant recruitment to create a more comprehensive customer insights solution for the “AI era.” Financial terms were not disclosed.

Centric Brands Acquires Key Fownes Brothers Cold-Weather Accessories Licenses

By Amit Chowdhry ● Jan 8, 2026

Centric Brands announced it has acquired select assets of Fownes Brothers & Co., including operations, assets, and intellectual property tied to the design, development, sourcing, production, sales, and distribution of existing cold-weather accessories product lines. Fownes Brothers, founded in 1777 and family-owned by Tom Gluckman and the Gluckman family, is known as an importer and distributor of licensed and private label cold-weather accessories with longstanding retail partnerships.

Novae Acquires Aluma To Expand Trailer And Truck Body Portfolio Across North America

By Amit Chowdhry ● Jan 8, 2026

Novae, a manufacturer of open and enclosed cargo trailers and truck bodies, said it has acquired Aluma, adding a long-standing aluminum trailer brand to its portfolio as it seeks to broaden product offerings and strengthen its dealer-distributed platform.

WP Engine Acquires Big Bite To Bolster WordPress Publishing Tools For Enterprise Media

By Amit Chowdhry ● Jan 8, 2026

WP Engine announced it has acquired Big Bite, a UK-based WordPress agency known for building advanced editorial and publishing workflow tools for large media organizations, as the company deepens its focus on serving publishers and agency partners.

Constellation Completes Acquisition of Calpine, Creating Leading Power Producer

By Amit Chowdhry ● Jan 8, 2026

Constellation announced it has completed its acquisition of Calpine Corporation from Energy Capital Partners, combining Constellation’s nuclear fleet with Calpine’s natural gas and geothermal generation to form a power platform with 55 gigawatts of generating capacity.

I Squared Capital to Acquire Ramudden Global From Triton Partners

By Amit Chowdhry ● Jan 8, 2026

I Squared Capital announced that, through its flagship fund, it has agreed to acquire Ramudden Global from funds advised by Triton Partners, positioning the traffic management and infrastructure safety provider for its next phase of growth across Europe and North America. Financial terms were not disclosed.

RPM Announces Tremco CPG Agreement To Acquire Kalzip

By Amit Chowdhry ● Jan 8, 2026

RPM International said it has signed a definitive agreement for its Tremco Construction Products Group (Tremco CPG) to acquire Kalzip GmbH, a global provider of metal-based roofing and façade systems for building envelopes. RPM said the deal will strengthen Tremco CPG’s building envelope systems capabilities by adding a high-performance, specification-driven brand known for architectural innovation.

USA Engineers Joins Dallas Cothrum’s Platform Through Asset Acquisition

By Amit Chowdhry ● Jan 8, 2026

USA Engineers, a North Texas civil engineering and surveying firm, has been acquired through an asset acquisition by Dallas Cothrum and will join Cothrum’s family of companies alongside Masterplan Consultants, expanding the combined group’s engineering, surveying, and development services platform across the region.

The Blackhawk Group Acquires Silver Sky Aviation

By Amit Chowdhry ● Jan 8, 2026

The Blackhawk Group has acquired Silver Sky Aviation, adding a sixth location to its Performance Center Network and extending its service footprint into Alaska. The acquired operation is based in Wasilla, Alaska, and will operate as a Blackhawk Performance Center. Terms were not disclosed.

Ping Identity Completes Keyless Acquisition

By Amit Chowdhry ● Jan 8, 2026

Ping Identity announced it has completed its acquisition of Keyless, adding what it calls Zero-Knowledge Biometrics to strengthen enterprise defenses against increasingly sophisticated AI-driven identity attacks, including deepfakes, impersonation, and account takeover. The company said the newly integrated capabilities expand its platform with device-independent, cryptographically protected biometric authentication and re-verification aimed at elevating verified trust across digital interactions.

Blackstone Buys Madison Dearborn’s Remaining Stake In AIR

By Amit Chowdhry ● Jan 8, 2026

Blackstone announced that funds managed by its private equity strategy for individual investors have acquired Madison Dearborn Partners’ remaining equity stake in AIR Control Concepts (AIR), increasing Blackstone’s ownership following its original investment in July 2024. Founder, President and CEO Brad Hobbs and his family will also invest alongside Blackstone, and the transaction makes Blackstone AIR’s sole institutional investor.

PharmaForceIQ Acquires Aktana To Combine Digital Orchestration With Field Next-Best-Action

By Amit Chowdhry ● Jan 8, 2026

PharmaForceIQ announced it has acquired Aktana in a move the company says will merge its digital orchestration platform with Aktana’s AI-driven field Next-Best-Action capabilities, creating what it described as the industry’s first “optichannel-in-a-box” commercial engagement system for pharmaceutical companies.

InterProse Acquires Beam Software To Expand End-to-End Collections Technology Offering

By Amit Chowdhry ● Jan 8, 2026

InterProse, a provider of web-based debt recovery software, has acquired Beam Software, a purpose-built collections platform focused on portfolio management and servicing for debt buyers and servicers. InterProse said the deal, which closed in mid-December, expands its technology portfolio and strengthens its ability to serve a broader range of accounts receivable management (ARM) customers across the full debt lifecycle.

Aprio Enters Pacific Northwest Through Combinations With Oregon Firms

By Amit Chowdhry ● Jan 8, 2026

Aprio announced it has entered the Pacific Northwest through combinations with two Oregon-based accounting and advisory firms, Delap LLP and Hoffman, Stewart & Schmidt, P.C., expanding its presence in the greater Portland area and strengthening its regional audit, tax, and advisory capabilities.

Skylight Health Buys Stellation Care To Add AI-Based Provider Analytics To Specialty Orchestration Platform

By Amit Chowdhry ● Jan 8, 2026

Skylight Health has acquired Stellation Care, a provider analytics company that uses AI-augmented datasets and algorithms to deliver provider intelligence and referral optimization insights for health plans and risk-bearing provider groups.

Fireblocks To Buy TRES Finance To Deliver A Unified Operating System For Digital Assets

By Amit Chowdhry ● Jan 8, 2026

Fireblocks announced it has entered into an agreement to acquire TRES Finance, an enterprise financial data, accounting, and reporting platform for digital assets, in a deal aimed at giving institutions an end-to-end stack for onchain finance—from transaction execution through back-office financial reporting.

Gemspring Capital Acquires Enterprise Mobility And Cybersecurity Firm TRG

By Amit Chowdhry ● Jan 8, 2026

Gemspring Capital Management announced an affiliate has acquired TRG, a Cleveland, Ohio-based provider of enterprise mobility lifecycle management and integrated cybersecurity solutions, in a deal that keeps the company’s founder and leadership team in place.

Arxis Buys Micro-Tronics To Expand Aerospace And Defense Components Platform

By Amit Chowdhry ● Jan 8, 2026

Arxis, an Arcline Investment Management portfolio company, has acquired Micro-Tronics, Inc. (MTI), a Tempe, Arizona-based manufacturer of engineered elastomeric and metallic components used in mission-critical commercial aerospace and defense applications.

MDpanel Acquires Media Referral To Expand New York Footprint

By Amit Chowdhry ● Jan 8, 2026

MDpanel announced it has acquired Media Referral, a New York-based independent medical examination and peer review organization, in a deal aimed at strengthening MDpanel’s presence in New York and the broader Mid-Atlantic region.

Kelvin Group Enters Pacific Northwest With PermaCold Engineering Acquisition

By Amit Chowdhry ● Jan 8, 2026

Kelvin Group, a national provider of industrial and commercial mission-critical mechanical refrigeration services backed by Southfield Capital, has acquired PermaCold Engineering, an industrial refrigeration company headquartered in the Pacific Northwest. Terms were not disclosed.

Vatn Systems Acquires Crewless Marine To Advance AUV Acoustic Capabilities

By Amit Chowdhry ● Jan 8, 2026

Vatn Systems, a defense technology company building autonomous underwater vehicles (AUVs), has acquired Rhode Island-based Crewless Marine to bring advanced underwater acoustic sensing and signal processing capabilities in-house. Vatn said the deal strengthens its vertical integration strategy by giving it tighter control over critical acoustic technologies, reducing supply-chain dependencies, and accelerating development cycles for autonomous undersea systems.

Ricoh Acquires Presentation Products To Expand U.S. Pro AV and Managed Services Capabilities

By Amit Chowdhry ● Jan 8, 2026

Ricoh has acquired Presentation Products (PPI), a New York-based audiovisual integrator, in a move aimed at deepening its North American digital services portfolio and strengthening workplace collaboration and AV integration offerings.

Click Bond Acquires Brighton Science, Bringing Surface Intelligence To Adhesive-Bonded Fastening

By Amit Chowdhry ● Jan 8, 2026

Click Bond, a Carson City, Nevada-based provider of adhesive-bonded fastening and assembly solutions, has acquired Brighton Science, a Cincinnati-based company known for surface intelligence and adhesion-measurement technology. Financial terms were not disclosed.

Keypoint Intelligence To Buy DataMaster Online

By Amit Chowdhry ● Jan 8, 2026

Keypoint Intelligence announced it has signed a definitive agreement to acquire DataMaster Online (DMO), a France-based benchmarking service and testing resource for the print industry, in a deal aimed at strengthening Keypoint’s presence in Europe and expanding support for the region’s dealer channel.