Tracked deals
170
170 tracked deals across 2026.
Tracked deals
170
170 tracked deals across 2026.
Buyer mix
Strategic-led
130 strategic · 37 pe
Top trend
Volume peaked in 2024
436 tracked deals announced in 2024.
Buyer Snapshot
Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| 11:11 Systems | 1 | Managed infrastructure solutions provider offering cloud,... | Strategic |
| 22nd Century Technologies | 1 | Public‑sector IT systems integrator providing managed ser... | Strategic |
| AMBA | 1 | National provider of affinity marketing and supplemental ... | Strategic |
| AMPORTS | 1 | North American port operator and automotive services prov... | Strategic |
| ATS – Advance Technologies System S.r.l. | 1 | ATS – Advance Technologies System S.r.l. is an operating ... | Investor |
| AURELIUS | 1 | AURELIUS is a private equity firm that acquires and manag... | PE |
| Accenture | 1 | Global professional services and solutions provider, inte... | Strategic |
| Active Dynamics Group | 1 | Automotive emissions/sound/power/thermal and fluid dynami... | Strategic |
| Active Dynamics Technology Limited | 1 | Entity referenced by Reuters as buyer in the transaction ... | Mixed |
| Actus Nutrition | 1 | Specialty ingredient manufacturer for health and wellness... | Strategic |
Last 10 years
Supporting Data
Carrier Global has completed the sale of its Riello business to Ariston Group for gross proceeds of approximately $440 million. Carrier said the divestiture supports its disciplined portfolio management and will be used to invest in core businesses, innovation, and value creation for customers and shareowners.
Imperative Logistics Group divested its Fine Arts logistics specialty services subsidiary, Masterpiece International, to Maxwell Street Capital Partners in partnership with Boxart. The sale is intended to sharpen Imperative’s focus on mission-critical, high-touch, high-value logistics services across multiple specialized end markets.
Comcast announced plans to separate into two independent, publicly traded companies via a tax-free spin-off of NBCUniversal and Sky. Upon completion, Comcast shareholders will own shares in both Comcast and NBCUniversal, with the separation expected to close in about one year subject to customary approvals.
Identiv entered into a definitive agreement to sell its IoT business operating assets, including its German R&D center, and its Thai subsidiary to Trackonomy Systems. Under the deal, Identiv will contribute $25 million in cash and receive $50 million of Trackonomy preferred equity; the transaction is expected to close in Q3 or early Q4 fiscal 2026.
Frontera Copper Corporation and Kupari Investments have commenced a strategic sale process for the jointly owned Piedras Verdes copper mine complex in Sonora, Mexico. The process covers 100% of the equity of both Frontera and Kupari Metals, with BMO Capital Markets serving as financial advisor and Blake, Cassels & Graydon LLP as legal advisor.
AutoNation Inc. acquired Fletcher Jones Motorcars (Mercedes-Benz) of Fremont, Audi Fremont and Porsche Fremont, along with related real estate, from Fletcher Jones Automotive Group. The Presidio Group served as exclusive M&A advisor to Fletcher Jones on the transaction, which closed June 22.
Volvo Group, Renault Group, and CMA CGM completed a strategic change agreement affecting the ownership structure of Flexis S.A.S., the company tied to their electric commercial vehicle initiative. In the closed transaction, Renault acquired Volvo’s 45% stake and CMA CGM’s 10% stake, and Volvo will remain involved through Renault Trucks, including distribution of Flexis-developed products starting in 2027.
Income Insurance Limited announced a business transfer of its digital insurance platform, HIVE, to Singapore-headquartered Embed Financial Group Holdings Pte Ltd (EFGH). The transfer is expected to close in the third quarter of 2026, with HIVE becoming part of EFGH’s embedded finance technology stack while Income Insurance will continue using HIVE as a customer.
Brookfield Business Corporation has agreed to sell its global construction business, Multiplex, to Obayashi Corporation for $650 million. The deal includes about $530 million in cash at closing plus an earn-out, and is expected to close in the fourth quarter of 2026 subject to customary approvals.
IM Cannabis Corp. entered into a non-binding letter of intent to sell its European-focused assets to Slil.com Holding Ltd. The transaction is structured as Slil purchasing IM Cannabis’ wholly owned subsidiary, I.M.C. Holdings Ltd., which will primarily hold the company’s European operations, including Adjupharm GmbH in Germany, and certain API and branded interests.
Harmonic Inc. completed the sale of its Video Business to MediaKind for $145 million in cash, subject to customary post-closing adjustments. The divestiture positions Harmonic as a pure-play broadband company focused on virtualized broadband solutions and AI-powered network intelligence.
Yum! Brands has entered into definitive agreements to sell Pizza Hut for $2.7 billion in aggregate, splitting the business by geography. LongRange Capital will acquire Pizza Hut operations excluding Mainland China for about $1.5 billion, while Yum China will acquire Pizza Hut’s Mainland China brand ownership for about $1.2 billion.
Red Robin Gourmet Burgers, Inc. has entered into two refranchising agreements to sell 86 company-owned restaurants for $72.5 million to Op Burgers and Kuber. The Op Burgers deal covers 69 units across multiple Midwestern and Southeastern states, while Kuber will acquire 17 units in Oregon and Washington; both are expected to close in the second half of 2026, subject to customary closing conditions.
Comtech Telecommunications Corp. has entered into a definitive agreement to sell most of its Satellite and Space Communications (S26S) segment to Gilat Satellite Networks for $157.5 million, with an initial $10 million paid at signing. The transaction is expected to close in calendar Q4 2026, subject to regulatory approvals and customary closing conditions; Comtech will retain certain cyber-focused assets and rights to some S26S accounts receivable collections.
Tripadvisor has entered into a put option agreement to sell TheFork, its European online restaurant reservation and management platform, to American Express for $700 million in an all-cash transaction. The deal is expected to close before the end of 2026, subject to customary conditions including labor consultations and regulatory approvals.
Humana entered into a definitive agreement to divest all or substantially all of its minority interest in Gentiva, an end-of-life care provider. The agreement values Humana’s minority stake at approximately $900 million, with proceeds intended for general corporate purposes; the transaction is expected to close in Q3 2026 subject to approvals.
Lumine Group’s subsidiary has entered into an agreement to acquire the Video Network business from Synamedia. The acquired business will operate independently under its primary product brand, Quortex, and the transaction is expected to close soon subject to customary conditions.
Vulcan Materials Company (NYSE: VMC) completed the divestiture of its ready-mixed concrete operations in California and acquired Brannan Sand & Gravel’s southern Colorado and Dallas-Fort Worth operations. The deal adds a rail-connected aggregate quarry with long-term reserves in Lamar, Colorado, and a new distribution yard in the Dallas-Fort Worth area.
First Federal Bank entered into a definitive agreement to sell its Third-Party Origination (TPO) division, including QRL Financial, to Mortgage Forward, a credit union service organization within the Great Lakes Credit Union family of companies. The deal is intended to help Mortgage Forward expand its national mortgage lending platform and enhance technology and operational support for TPO mortgage partners.
Huntsman Corporation has announced the sale of Huntsman Gomet, its Italy-based automotive aftermarket business, to Trelleborg Group for €42.5 million (approximately $50 million), subject to customary post-closing adjustments. Huntsman said the proceeds will be used to reduce outstanding borrowings as part of its portfolio streamlining and debt reduction objectives.
Klutch Cannabis said Ohio’s Division of Cannabis Control has approved Klutch’s acquisition of a Columbus recreational marijuana dispensary license from Farkas Farms. In a related transaction, Klutch is also selling its Loudonville, Ohio dispensary to Farkas Farms, with Klutch planning a grand opening for the new Columbus location.
Darigold, Inc. and Actus Nutrition announced a strategic partnership that includes Actus purchasing and operating Darigold’s milk protein plant in Jerome, Idaho. Under a long-term agreement, Darigold will continue producing and supplying high-value whey products from its Sunnyside, Washington facility, while Actus will continue to receive milk from Darigold’s member-owners.
Trillium Flow Technologies, backed by First Reserve, announced the sale of its French valves operations to Framatome. The divestiture is intended to further optimize Trillium’s portfolio and increase focus on its global pumps and broader flow-control businesses.
Praesidian Capital announced the realization of its investment in Green Circuits in connection with the sale of the business. The firm had provided capital in 2018 to support Evolve Capital’s acquisition of Green Circuits, and the exit is described as a positive outcome for stakeholders.
INNOVATE Corp. announced that its subsidiary HC2 Broadcasting Holdings closed a $105 million refinancing and entered into a definitive merger agreement to sell a controlling ~75% interest in Broadcasting to CONX CORP, subject to regulatory approvals. The merger would extinguish existing notes and the New Loan, with CONX committing up to $75 million of equity after closing and INNOVATE retaining an option to purchase up to 15% more over 18 months.
CVC Capital Partners, through its investment vehicle Rioja Acquisition S.à r.l., is exiting its Naturgy Energy Group position via an accelerated bookbuilt offering of Naturgy shares. Rioja will sell 107.47 million shares (about 11.08%) through a placement to institutional investors and dispose of an additional 26.38 million shares (about 2.72%) following settlements of pre-existing derivatives, taking its total sale to 133.85 million shares (ending its ~13.8% stake).
Laurentian Bank of Canada is progressing toward a split-sale arrangement in which Fairstone Bank of Canada will acquire the bank for $1.9 billion while keeping the Laurentian brand and focusing on corporate specialty commercial banking. Laurentian’s retail and small-and-medium-sized business banking portfolios are planned to be acquired by National Bank, with the company targeting closing by late 2026.
Reyes Beverage Group (RBG) has closed its acquisition of Republic National Distributing Company’s (RNDC) operations in 11 markets: Arizona, Colorado, Florida, Hawaii, Louisiana, Maryland, Oklahoma, South Carolina, Texas, Virginia, and Washington, D.C. The acquired businesses will operate under RBG as RBG Spirits and Wine, adding approximately 5,200 employees, more than 135,000 new customers, and roughly 38 million annual cases.
The Standard and Pacific Guardian Life have entered into a definitive agreement under which The Standard will transition its individual annuities business to Pacific Guardian Life. The transaction is expected to close in early 2027, subject to regulatory approvals and customary closing conditions, with Pacific Guardian Life acquiring the annuities employees, operations, and distribution partnerships.
Authentic Brands Group signed a definitive agreement to acquire Lee, the denim and workwear brand, from Kontoor Brands for up to $1 billion. The deal includes an initial $750 million payment and up to $250 million of potential earn-out consideration, and is expected to close in the second half of 2026 subject to regulatory approvals and customary closing conditions.
Everest Group has entered into a definitive agreement to sell Everest Compañía de Seguros Generales Colombia S.A. (Everest Colombia) to American International Group (AIG). The deal is expected to close in early 2027, subject to regulatory approvals and customary closing conditions, and is positioned to help Everest exit commercial retail insurance while AIG expands its Latin America commercial insurance presence.
PSP Investments has entered into an agreement to sell FirstLight’s U.S. clean power portfolio—about 1.4 GW of hydro, energy storage, and renewable assets in Massachusetts, Connecticut, and Pennsylvania—to private equity firm Hull Street Energy. The transaction is subject to customary regulatory approvals and is expected to close later this year, while PSP will keep FirstLight’s Canadian operations.
Royal Gold announced a restructuring of its ownership in Artmin Madençilik, the joint venture that owns the Hod Maden Project in northeastern Türkiye. Under the transactions, SSR Mining will sell all its interests in Artmin to Lidya, SSR will step down as operator (Lidya assumes operatorship), and Royal Gold’s direct equity stake will be reduced while it receives royalty interests linked to the project; closing is expected in the second half of 2026 subject to regulatory approval.
EQT’s affiliate Butterfly HoldCo Pte. Ltd (main shareholder of EQT VII) completed the placement of 11,818,670 shares in Enity Holding AB (publ) for gross proceeds of about SEK 768 million. The transaction represents EQT’s exit of its remaining stake, with EQT VII receiving proceeds of about SEK 605 million.
CVS Health’s subsidiary Omnicare received U.S. Bankruptcy Court approval to sell its business to GenieRx Holdings LLC in a transaction valued at $250 million. GenieRx is a joint partnership between Milrose Capital LLC and Integro Asset Management LLC (doing business as Integro Healthcare Services). The transaction is expected to close later in 2026, subject to regulatory approval and customary closing conditions.
FedEx approved the separation of its freight business, paving the way for FedEx Freight to operate as an independent publicly traded company on June 1, 2026. The transaction is structured as a pro rata dividend distribution of 80.1% of FedEx Freight Holding Company shares to FedEx shareholders, with FedEx retaining about 19.9% to be disposed of within 24 months.
The MoonPay X Games League (XGL) announced the sale of its New York Summer and New York Winter teams to UNA Sports Group in an eight-figure transaction. UNA becomes the first single group to own two X Games League Clubs and will operate X Games Club New York across both seasons.
UPM-Kymmene’s board approved a demerger plan to separate its UPM Plywood business area into a new independent, Nasdaq Helsinki-listed company named WISA Group Plc. The demerger is expected to be completed on October 31, 2026, subject to shareholder approval at an extraordinary general meeting.
Sentinel Capital Partners has signed a definitive agreement to sell Autronica Fire and Security, a standalone unit of Spectrum Safety Solutions, to MSA Safety for approximately $555 million. Autronica, headquartered in Trondheim, Norway, designs and manufactures fire and gas detection and alarm systems for critical infrastructure, energy, and maritime applications.
Audax is progressing the sale process for Nextech, an HVAC services provider, with bidders being advanced further in the process. The reporting indicates the transaction remains in process (not closed), and that additional private equity deals are expected across the roofing, landscaping and remodeling sectors.
Lightspeed Commerce 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. The deal includes $44 million fixed cash consideration (with $20 million paid at closing and most of the remainder within 90 days) and an earnout of up to $37 million over 24 months tied to performance targets.
Lone Star Fund XII has formally closed its acquisition of RadiciGroup’s Business Area Specialty Chemicals and High Performance Polymers from RadiciGroup. The Radici family retained the textile business, which has been merged into a new entity called Raditex.
Urban One has entered into agreements to acquire Service Broadcasting Group, LLC, including Dallas radio stations KKDA and KRNB. In parallel, Urban One will sell station KZMJ to Fuzion Dallas, LLC, with both transactions subject to FCC regulatory approval and customary closing conditions.
Owens Corning has completed the sale of its glass reinforcements business to Praana Group. The deal strengthens Owens Corning’s focus on branded residential building products in North America and Europe, while providing Owens Corning with approximately $280 million in cash proceeds plus expected additional cash from excess alloy sales.
Gates Industrial Corporation plc entered into a definitive agreement to acquire The Timken Company’s belts business, including select manufacturing assets. The transaction is expected to close in the third quarter of 2026, subject to customary closing conditions, and financial terms were not disclosed.
Net at Work acquired Endeavor4’s Sage Intacct practice. The deal expands Net at Work’s ERP consulting and managed services capabilities for small and mid-size businesses, with select Endeavor4 Sage Intacct employees joining Net at Work.
ProSiebenSat.1 Media SE sold its North American creator business operating under the Studio71 US brand to Fixated LLC. The deal covers the US entities Studio71 GP, LLC and Studio71, LP (including subsidiaries), while Studio71’s operations in German-speaking markets remain with ProSiebenSat.1.
S&P Global announced a definitive agreement to sell its upstream geoscience and petroleum engineering software portfolio to SLB. The divestiture includes software tools such as Kingdom, Petra, Harmony Enterprise, and FieldDIRECT, while S&P Global launches its new AI-powered upstream data platform, Titan, and continues distributing proprietary data through the divested software tools.
Porsche has agreed to sell its equity stakes in Bugatti Rimac and Rimac Group to a consortium led by HOF Capital. The transaction was signed on April 24 and remains subject to regulatory clearances, with completion expected before the end of 2026.
Apotex has entered into an agreement to acquire Cumberland Pharmaceuticals’ line of branded pharmaceuticals for $100 million in cash, integrating Cumberland’s U.S. branded businesses into Apotex’s operations. The transaction is intended to expand Apotex’s U.S. specialty and hospital-focused footprint across acute care, oncology, infectious disease, and gastroenterology; Cumberland will retain its development pipeline (including ifetroban) and majority ownership in Cumberland Emerging Technologies Inc.
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