Mergers & Acquisitions

Fluor Divests ICA-Fluor Daniel Stake To ICA For $175 Million

By Amit Chowdhry ● Jul 17, 2026

Fluor Corporation has sold its equity interest in ICA-Fluor Daniel to its longtime joint venture partner ICA for $175 million, ending a business relationship that has supported major infrastructure and industrial projects across Mexico for more than three decades.

Brunner Acquires AdSkate, Expanding AI-Powered Marketing Intelligence And Creative Performance Capabilities

By Amit Chowdhry ● Jul 17, 2026

Brunner, a leading independent integrated marketing agency, announced its acquisition of AdSkate, an AI-powered creative analytics and marketing intelligence platform that helps brands and agencies optimize advertising performance through advanced creative insights. Brunner's client ecosystem includes national brands such as Aerie, Church's Texas Chicken, Fred Rogers Institute, and Mitsubishi North America, while AdSkate has worked with brands including Infosys, Abbott Labs, and Illinois Lottery.

Bernhard Capital Partners Sells EPIC Piping Platform To One Equity Partners

By Amit Chowdhry ● Jul 17, 2026

Bernhard Capital Partners has agreed to sell United WELD Holdings — the parent company of EPIC Piping and BendTec — to One Equity Partners in a transaction expected to close by the fourth quarter of 2026. Financial terms were not disclosed. Kirkland & Ellis served as legal advisor to Bernhard on the transaction.

Big Brand Tire & Service Announces Strategic Acquisition Of Belle Tire

By Amit Chowdhry ● Jul 17, 2026

Big Brand Tire & Service, one of the largest and fastest-growing providers of non-discretionary automotive services in the United States, announced that it has entered into a definitive agreement to acquire Belle Tire, the Midwest's premier tire and automotive service provider. The transaction, which remains subject to customary closing conditions, is expected to close in the third quarter of 2026.

Elutia To Divest SimpliDerm Business For Up to $11 Million

By Amit Chowdhry ● Jul 17, 2026

Elutia Inc. (Nasdaq: ELUT) has signed a definitive agreement to sell its SimpliDerm human acellular dermal matrix business to Cellution Biologics Inc. for total consideration of up to $11 million. The Gaithersburg, Maryland-based company will receive $8 million in cash at closing, with up to an additional $3 million in technology transfer and commercial milestone payments payable over the following 18 months. Closing is expected in the second half of 2026, subject to customary conditions.

EKHO Infrastructure Solutions Acquires GIS, SSI, And ARES Retaining Wall System

By Amit Chowdhry ● Jul 17, 2026

EKHO Infrastructure Solutions has announced three strategic additions to its mechanically stabilized earth (MSE) and retaining wall business: the integration of Ground Improvement Systems (GIS) and Structured Soils Inc. (SSI), two specialized geotechnical engineering firms, and the acquisition of the ARES geosynthetic retaining wall system from Tensar Corporation. The moves collectively accelerate EKHO's expansion into the U.S. retaining wall and earth retention market, a sector the company has only recently begun targeting as a strategic growth priority. Financial terms were not disclosed.

Trive Capital Announces Sale of Kittyhawk

By Amit Chowdhry ● Jul 17, 2026

Trive Capital announced it has closed on the sale of Kittyhawk, Inc. to Machine Sciences, a portfolio company of Viking Global. Founded in 1981, Kittyhawk is a leading provider of Hot Isostatic Pressing services for mission-critical applications across the space, commercial aerospace, defense, and power generation end-markets, specializing in densifying cast and additively manufactured parts for high-temperature, high-pressure, high-cost-of-failure applications such as rocket and jet engine componentry.

NINJIO Acquires SafeStack To Expand Human Risk Management Platform With Secure Code Training

By Amit Chowdhry ● Jul 17, 2026

NINJIO has acquired SafeStack, a developer security and application security training platform, expanding its human risk management offering beyond employee awareness programs and phishing simulations. Financial terms of the transaction were not disclosed.

Fractal Education Acquires Little Learning Academy In Houston OpCo-PropCo Transaction

By Amit Chowdhry ● Jul 17, 2026

Fractal Education, a growing operator of early childhood education schools, has acquired Little Learning Academy, a two-location childcare provider serving the greater Houston metropolitan area. The deal, structured as an integrated OpCo-PropCo transaction, included both the operating company and the underlying real estate — a structure that gives Fractal full control of the physical assets and positions the schools for long-term capital investment. Financial terms were not disclosed. SchoolWise Partners served as exclusive sell-side advisor to the former owners.

Elon Musk Reportedly Acquires APR Energy In Deal Estimated At More Than $1 Billion

By Amit Chowdhry ● Jul 17, 2026

Elon Musk has acquired APR Energy, a provider of rapidly deployable gas- and diesel-powered generation systems, in a transaction estimated at more than $1 billion. The acquisition was disclosed through a Federal Trade Commission early termination notice dated May 14, 2026. The filing identified Musk as the acquiring party, CF APR Super Holdings as the acquired party, and New APR Energy as the acquired entity.