Mergers & Acquisitions

Galvanize Real Estate Acquires Three-Property Industrial Portfolio In Green Oaks

By Amit Chowdhry ● May 4, 2026

Galvanize Real Estate, the sustainable real estate strategy of global asset manager Galvanize, has acquired a three-property industrial portfolio totaling 462,300 square feet in Green Oaks, Illinois, a growing industrial hub north of Chicago.

Fortress Solutions Forms Holding Company And Acquires Dimension Energy Solutions

By Amit Chowdhry ● May 4, 2026

Fortress Solutions, a provider of mission-critical services for telecommunications and next-generation networking, has announced the formation of Fortress Solutions Holdings, a newly established holding company, alongside the acquisition of Dimension Energy Solutions, formerly known as Dimension Energy Services.

SAP To Acquire Prior Labs And Invest Over €1 Billion To Build Frontier AI Lab In Europe

By Amit Chowdhry ● May 4, 2026

SAP SE has entered into a definitive agreement to acquire Prior Labs, the pioneer of Tabular Foundation Models, in a deal that commits the enterprise software giant to investing more than €1 billion over the next four years to scale Prior Labs into a globally leading frontier AI research lab. Financial terms of the acquisition were not disclosed.

Praana Group Completes Acquisition Of Multi-Chem

By Amit Chowdhry ● May 4, 2026

Praana Group has completed its acquisition of Multi-Chem, which will now operate as Sterling MultiChem within the company's Sterling Specialty Chemicals platform. The acquisition brings together Sterling Specialty Chemicals' expertise in specialty chemical manufacturing, polymer technologies, and advanced surfactant systems with Multi-Chem's field service capabilities, creating an expanded platform for supporting oil and gas operators with high-performance chemical solutions across upstream, midstream, and downstream operations. Multi-Chem has built a strong presence in oilfield chemicals through application-driven programs addressing drilling, completion, production, flow assurance, corrosion and scale management, water treatment, and process optimization. Financial terms were not disclosed.

Sculptor Real Estate And Trinity Investments Acquire JW Marriott Marco Island Beach Resort From MassMutual

By Amit Chowdhry ● May 4, 2026

A joint venture between Sculptor Real Estate Income Strategy and Trinity Investments has completed the acquisition of the JW Marriott Marco Island Beach Resort, a luxury beachfront property on Florida's Gulf Coast, from MassMutual, the leading mutual life insurance company that has owned the resort for more than four decades.

Gloo Completes Acquisition Of EnterpriseMarketdesk

By Amit Chowdhry ● May 4, 2026

Gloo, a Nasdaq-listed technology platform serving the faith and flourishing ecosystem under the ticker GLOO, has completed its acquisition of EnterpriseMarketdesk, an established Workday Services Partner that provides consulting, implementation, and support services to nonprofit and mid-market organizations.

Global Net Lease To Acquire Modiv Industrial In $535 Million All-Stock Transaction

By Amit Chowdhry ● May 4, 2026

Global Net Lease has entered into a definitive merger agreement to acquire Modiv Industrial, a net-lease industrial REIT listed on the NYSE under the ticker MDV, in an all-stock transaction valued at an enterprise value of approximately $535 million.

Traffic And Mobility Consultants Acquires CTSi To Establish Presence In Northeast Florida

By Amit Chowdhry ● May 4, 2026

Traffic and Mobility Consultants, a Florida-based transportation planning and traffic engineering firm backed by Grovecourt Capital Partners, has acquired Chindalur Traffic Solutions, a Jacksonville-based traffic and transportation engineering firm serving public agencies and private developers throughout Northeast Florida. Financial terms were not disclosed.

Ingersoll Rand Acquires Fox S.R.L. To Expand Metering And Dosing Capabilities

By Amit Chowdhry ● May 4, 2026

Ingersoll Rand, a global provider of mission-critical flow creation, life science, and industrial solutions listed on the NYSE under the ticker IR, has acquired Fox s.r.l. and XF s.r.l., significantly expanding its metering and dosing technologies portfolio.

COEO Solutions Acquires S-NET Communications To Deepen Network, Security, And Managed IT Capabilities

By Amit Chowdhry ● May 4, 2026

COEO Solutions, a Riata Capital Group portfolio company focused on managed network and cloud communications for multi-location mid-market enterprises, has acquired S-NET Communications, a Schaumburg, Illinois-based managed technology provider. Financial terms were not disclosed.

steute Technologies Completes Three Acquisitions In Three Months To Expand Global Medical And Industrial Platform

By Amit Chowdhry ● May 4, 2026

steute Technologies, a Battery Ventures portfolio company specializing in switching devices, sensors, and wireless networks for medical and industrial applications, has announced three acquisitions over the past three months, significantly broadening the company's global reach, engineering capabilities, and product portfolio. Battery first invested in Lohne, Germany-based steute in 2024 and has now completed more than 90 applied technology transactions across North America and Europe since 2003.

Worldly Acquires Bendi Software To Add AI-Powered Supply Chain Mapping And Risk Intelligence

By Amit Chowdhry ● May 4, 2026

Worldly, the leading sustainability and supply chain intelligence platform for the consumer goods industry, has acquired Bendi Software, a UK-based supply chain mapping and supplier risk intelligence company. Financial terms were not disclosed. Bendi's technology will be integrated across the Worldly platform over the coming months, expanding capabilities within Worldly Axion, Supplier Compliance Management, and adjacent products.

OPAQUE Acquires Cryptographic AI Technology From UAE’s Technology Innovation Institute

By Amit Chowdhry ● May 4, 2026

OPAQUE, the Confidential AI company headquartered in San Francisco and founded by researchers from UC Berkeley's RISELab, has acquired advanced cryptographic AI technologies from the Technology Innovation Institute, the applied research pillar of Abu Dhabi's Advanced Technology Research Council. The acquisition marks the first time cryptographic AI technologies developed in the UAE have been acquired and deployed at scale by a U.S.-based technology company.

American Express Global Business Travel To Be Acquired By Long Lake For $6.3 Billion

By Amit Chowdhry ● May 4, 2026

American Express Global Business Travel, operated by Global Business Travel Group and listed on the NYSE under the ticker GBTG, has entered into a definitive agreement to be acquired by Long Lake Management in an all-cash transaction valued at approximately $6.3 billion. Amex GBT shareholders will receive $9.50 per share in cash, representing a 60.2% premium to Amex GBT's closing stock price on May 1, 2026, and a premium of approximately 65.1% over the 30-day volume weighted average price ending that date.

Avista Healthcare Partners Launches Birchwell Consumer Health And Acquires Bag Balm As First Investment

By Amit Chowdhry ● May 4, 2026

Avista Healthcare Partners, a leading private equity firm focused exclusively on healthcare with over $10 billion invested in more than 50 healthcare businesses globally, has announced the launch of Birchwell Consumer Health, a new U.S. consumer healthcare platform formed to acquire differentiated, problem-solving over-the-counter and skincare brands. Birchwell's first acquisition is Bag Balm, a Vermont-based therapeutic skincare brand founded in 1899, acquired from a seller group led by Gemini Investors.

Mobius Renewables Completes Acquisition Of Air Liquide’s Biogas Production Activities Across Four Countries

By Amit Chowdhry ● May 4, 2026

Mobius Renewables, a global vertically integrated low-carbon fuels platform established in December 2025 by funds managed by IFM Investors, has completed the acquisition of Air Liquide's biogas production activities in the United States, France, Norway, and Sweden.

Badger Meter Completes Acquisition Of UDlive, Expanding Global Sewer Line Monitoring Footprint

By Amit Chowdhry ● May 3, 2026

Badger Meter has completed the acquisition of UDlive, a UK-based provider of hardware-enabled software solutions for sewer line monitoring, integrating the company into its BlueEdge suite of water management solutions. The deal pairs UDlive's leadership position in the United Kingdom with SmartCover's significant presence in the United States, creating a leading footprint in key global markets within the fast-growing sewer line monitoring sector.

Payward Completes Acquisition Of Bitnomial

By Amit Chowdhry ● May 3, 2026

Payward, the unified financial infrastructure platform behind Kraken and NinjaTrader, has completed its acquisition of Bitnomial, making it the first company in the United States to own a fully CFTC-licensed derivatives stack built natively for digital assets. The combination gives Payward ownership of a Futures Commission Merchant, a Designated Contract Market and a Derivatives Clearing Organization — a complete regulatory infrastructure purpose-built for crypto markets over more than a decade.

Dwell, Domino And Business Of Home Acquired By Ziff Davis In Home Media Deal

By Amit Chowdhry ● May 3, 2026

Ziff Davis, the digital media company behind CNET, Mashable and TheSkimm, has acquired three of the design world's most influential titles — Dwell, Domino and Business of Home — from Recurrent Ventures, marking a significant expansion of the company's portfolio into the lifestyle and home category. Popular Science is also included in the transaction, joining Ziff Davis's Technology division. Financial terms were not disclosed.

Assured Robot Intelligence Joins Meta To Help Build The Future Of Humanoid Intelligence

By Amit Chowdhry ● May 3, 2026

Assured Robot Intelligence, a robotics startup focused on achieving physical artificial general intelligence, has joined Meta, with the team set to work within Meta Superintelligence Labs to advance the company's humanoid robotics ambitions. The announcement was made by ARI co-founder Xiaolong Wang on social media, approximately one year after the company was founded with the explicit mission of developing a truly general-purpose physical agent.

Turpaz Industries Acquires U.S. Flavor And Fragrance Company Phoenix For $95 Million

By Amit Chowdhry ● May 3, 2026

Turpaz Industries, a global developer and manufacturer of flavors, fragrances, and specialty fine ingredients operating in more than 90 countries, has signed and closed an agreement to acquire Phoenix Flavors & Fragrances Inc., a U.S.-based developer and manufacturer of fragrance and flavor extracts, for $95 million. The transaction, financed entirely from Turpaz's own resources, also includes up to $5 million in contingent consideration tied to Phoenix's performance during the second and third quarters of 2026.

Applied Materials Acquires NEXX Business From ASMPT

By Amit Chowdhry ● May 3, 2026

Applied Materials has entered into a definitive agreement with ASMPT Limited to acquire its NEXX business, a supplier of large-area advanced packaging deposition equipment for the semiconductor industry. The deal expands Applied Materials' panel-level advanced packaging technologies, which are designed to help chipmakers and systems companies build larger-body AI accelerators capable of higher energy-efficient performance. Financial terms of the transaction were not disclosed.

UCB To Acquire Candid Therapeutics For Up To $2.2 Billion

By Amit Chowdhry ● May 3, 2026

UCB, a global biopharmaceutical company, has signed a definitive agreement to acquire Candid Therapeutics, a privately held clinical-stage biotechnology company developing novel T-cell engagers for the treatment of autoimmune and inflammatory diseases, for up to $2.2 billion. The deal comprises $2 billion in upfront payments and up to $200 million in potential future milestone payments, and is expected to close by the end of the second quarter or early third quarter of 2026, pending antitrust clearance and other customary conditions.

VeraData And Avalon Consulting Join Forces, Expanding Integrated Fundraising Platform For Nonprofits

By Amit Chowdhry ● May 3, 2026

VeraData Holdings and Avalon Consulting have announced a merger that unites Avalon's deep strategic fundraising expertise with VeraData's data science and AI capabilities, creating a more integrated and comprehensive omnichannel fundraising enterprise for nonprofit organizations. Avalon, a woman-owned fundraising agency operating since 1997, joins the VeraData Group alongside Faircom New York and Teal Media, with the combined entity positioned to deliver a connected system spanning donor behavior analytics, creative strategy, and multi-channel media execution.

Lightspeed Commerce Divests Upserve U.S. Hospitality Product Line To Skyview Equity

By Amit Chowdhry ● May 3, 2026

Lightspeed Commerce has announced the sale of its non-core Upserve U.S. hospitality product line to Skyview Equity for total cash consideration of up to $81 million USD, with $37 million subject to an earnout tied to performance targets over 24 months. The divestiture is consistent with Lightspeed's strategy to streamline its portfolio and concentrate on its two core growth engines: retail in North America and hospitality in Europe.

GameStop Proposes To Buy eBay In $55.5 Billion Cash-And-Stock Deal

By Amit Chowdhry ● May 3, 2026

GameStop has submitted a non-binding proposal to acquire 100% of eBay Inc. at $125.00 per share in a combination of cash and stock, valuing the e-commerce giant at approximately $55.5 billion on an undiluted basis. The offer represents a 46% premium to eBay's unaffected closing price on February 4, 2026, the day GameStop began accumulating its position in the company. GameStop has since built a 5% economic stake in eBay through derivatives and beneficial ownership of common stock, and is filing a Schedule 13D and HSR notification concurrently with the proposal.

Inszone: Acquisition Of Mena Insurance Agency Expands Arkansas Presence

By Amit Chowdhry ● May 3, 2026

Inszone Insurance Services has acquired Mena Insurance Agency, a long-standing Arkansas-based insurance provider, as part of its strategy to expand its footprint in the state. The transaction brings a century-old agency with deep community roots into Inszone’s growing national platform.

Pappas Family Of Restaurants Acquires On The Border Mexican Grill & Cantina

By Amit Chowdhry ● May 3, 2026

Pappas Restaurants, one of the nation's largest family-owned and operated restaurant groups, has completed the acquisition of On The Border Mexican Grill & Cantina, uniting two Texas-born dining institutions under a single roof. The deal, which closed in May 2025, brings together brands with deep roots in Lone Star hospitality and a shared passion for bold Tex-Mex flavors.

The Marzetti Company Completes Acquisition Of Bachan’s

By Amit Chowdhry ● May 3, 2026

The Marzetti Company has completed its acquisition of Bachan's, Inc., the fast-growing Japanese Barbecue Sauce brand known for its clean-label, family-recipe-inspired products, in a transaction valued at $400 million. The deal reinforces Marzetti's expanding position in the condiment and sauce category and is expected to create new opportunities through the company's retail and foodservice distribution network, supply chain capabilities, and culinary expertise.

Annex Brands Acquires Postal Connections To Surpass 800 Franchise Locations Across North America

By Amit Chowdhry ● May 3, 2026

Annex Brands, a leading franchisor in the packing, shipping, and office services industries, has acquired Postal Connections of America, franchisor of 34 Postal Connections packaging and shipping franchises across the United States.