Zynex Acquires Kestrel Labs

Stratus Team Acquires Kestrel Engineering Group

February 10, 2026

Engineering Services

Stratus Team, LLC acquired Kestrel Engineering Group, an industrial process facilities engineering and design firm with six offices across the U.S. Northwest and Upper Midwest. The deal expands Stratus' geographic footprint into the Northwest and Upper Midwest while adding specialized industrial/process engineering capabilities to its multi-disciplinary platform.

Vectrus Acquires Zenetex

December 28, 2020

Aerospace & Defense

Vectrus, Inc. agreed to acquire Zenetex for approximately $112 million (net of $11 million of expected tax benefits) to accelerate its converged infrastructure strategy and broaden capabilities in engineering, logistics, MRO, and security for defense and intelligence clients. The acquisition expands Vectrus' access to Intelligence Community and foreign military customers; Zenetex is headquartered in Herndon, Virginia and had roughly $200M in revenue with a backlog of over $700M.

Linden Capital Partners Acquires Alcresta Therapeutics

March 12, 2024

Medical Devices

Chicago-based private equity firm Linden Capital Partners has completed its acquisition of Alcresta Therapeutics from a group led by Athyrium Capital, with Bessemer Venture Partners, Frazier Healthcare Partners and HealthQuest Capital also selling (HealthQuest reinvested as a minority shareholder). Linden will work with Alcresta's management and a newly assembled board to support the commercial launch of the next-generation RELiZORB device and accelerate R&D and growth.

Nanalysis Scientific Acquires K'(Prime) Technologies Inc.

November 10, 2021

Industrial Services

Nanalysis Scientific Corp. has entered into a binding agreement to acquire 100% of K'(Prime) Technologies Inc., a North American sales and service company focused on scientific instrumentation and security imaging systems. The transaction consideration includes C$3 million in cash, 2.76 million Nanalysis shares (two-year lock-up) and up to C$1 million in earn-outs; closing was expected by Dec 31, 2021.

Zetron Acquires Eagle Business Unit from NEC

August 2, 2023

Telecommunications

Zetron acquired Eagle NewCo, a mission-critical communications and workforce management business unit of NEC Software Solutions UK Limited, for approximately $15 million. The deal brings Eagle’s primarily UK-based team into Zetron, expanding Zetron’s command-and-control product capabilities and strengthening its UK and European presence.

PerkinElmer Acquires Nexcelom Bioscience for $260M

May 13, 2021

Medical Devices

PerkinElmer, Inc. agreed to acquire Nexcelom Bioscience for $260 million in cash, a deal announced in 2021 and completed in June 2021. Nexcelom, a Lawrence, Massachusetts–based maker of automated cell counters, image cytometry systems, consumables and reagents (~130 employees, projected 2021 revenue ~$40M), was owned by its founders and Ampersand Capital Partners.