The Black Phoenix Group Acquires PACCAR Winch from PACCAR Inc.

Westland Insurance Group Acquires The Winch Group Inc.

August 3, 2022

Insurance

Westland Insurance Group has acquired The Winch Group Inc., a Ontario-based employee benefits consulting firm, expanding Westland's capabilities in employee benefits, financial planning and retirement/estate planning. The acquisition broadens Westland's product offering and strengthens its position as a leading full-service commercial brokerage in Canada.

BlackHawk Industrial Acquires Pinnacle Tool & Supply

January 12, 2022

Industrial Services

BlackHawk Industrial, a Tulsa-based industrial distributor, has acquired Pinnacle Tool & Supply, a Toledo, Ohio-based distributor with a second location in Cleveland. The acquisition expands BlackHawk's operational footprint and service capabilities in the Ohio manufacturing market; financial terms were not disclosed.

Makers Forward, LLC Acquires New Hampshire Industries, Inc. and Phoenix Distribution

December 6, 2019

Manufacturing

Makers Forward, LLC acquired the assets of New Hampshire Industries, Inc. and Phoenix Distribution and consolidated operations into NHI Mechanical Motion, LLC. The acquisition preserves existing management and employees and aims to strengthen the company's manufacturing and distribution capabilities serving outdoor power equipment, material handling, agricultural and other industrial end markets.

WhiteHawk Acquires PHX Minerals Inc.

May 8, 2025

Oil & Gas

WhiteHawk Income Corporation (together with WhiteHawk Energy, LLC) acquired PHX Minerals Inc. in an all-cash transaction valued at $4.35 per share (approximately $187 million including net debt). The deal expands WhiteHawk's minerals and royalties footprint—adding ~1.8 million gross unit acres and increasing exposure to Haynesville and SCOOP/STACK basins—and was completed via merger on June 23, 2025 following a successful tender offer.

PentaFour Acquires Winterhawk Consulting from Pathlock

June 5, 2022

IT Services

PentaFour Solutions acquired the business and assets of Winterhawk Consulting, a former subsidiary of Pathlock, in a corporate carve-out. The deal strengthens PentaFour's ERP and GRC capabilities by adding Winterhawk's SAP GRC implementation and managed-services expertise and experienced delivery teams in the US and Philippines.

Penske Logistics Acquires Black Horse Carriers, Inc.

November 30, 2020

Trucking & Fleet

Penske Logistics has agreed to acquire Chicago-based trucking company Black Horse Carriers, Inc.; financial terms were not disclosed. The acquisition, expected to close December 31, 2020, will expand Penske’s dedicated contract carriage capabilities and integrate Black Horse’s fleet and operations (Black Horse operates ~2,000 vehicles and employs more than 4,000 people).