Dana Incorporated to Combine With Eaton's Mobility Business

Eaton Acquires Boyd Thermal From Boyd Corporation / Goldman Sachs Asset Management for $9.5 Billion

March 12, 2026

IT Services

Eaton announced it has completed (and previously agreed) to acquire the Boyd Thermal business from Boyd Corporation, with the Thermal business sold from Goldman Sachs Asset Management. The transaction strengthens Eaton’s data center “grid-to-chip” power and liquid-cooling infrastructure offering and is expected to be accretive to adjusted earnings in year two after closing.

Allison Transmission Holdings Completes Acquisition of Dana’s Off-Highway Drive & Motion Systems Business

January 1, 2026

Industrial Services

Allison Transmission Holdings, Inc. (NYSE:ALSN) completed its $2.7 billion acquisition of Dana Incorporated’s Off-Highway business (Off-Highway Drive & Motion Systems). The deal is intended to broaden Allison’s off-highway and industrial powertrain capabilities and create a global platform headquartered in Indianapolis.

AEA Investors Acquires Dana Safety Supply

October 15, 2024

Industrial Services

AEA Investors’ Small Business Private Equity team has closed the acquisition of Dana Safety Supply, a Greensboro, North Carolina–based public safety vehicle upfitter and tactical gear distributor. The deal includes significant investment from Dana Safety Supply’s management and positions AEA to pursue organic growth and further M&A in the public safety services market.

Cummins Completes Acquisition of Meritor

August 3, 2022

Industrial Services

Cummins completed its acquisition of Meritor, a global supplier of drivetrain, mobility, braking, aftermarket, and electric powertrain solutions for commercial vehicle and industrial markets. The ~$3.7 billion deal strengthens Cummins’ powertrain components portfolio and supports accelerated development of integrated electrified power solutions.

Morgan Stanley Acquires Eaton Vance

October 8, 2020

Financial Services

Morgan Stanley has entered into a definitive agreement to acquire Eaton Vance for an equity value of approximately $7 billion, creating a larger Morgan Stanley Investment Management platform with expanded product and distribution capabilities. The deal combines Eaton Vance’s asset management and retail distribution strengths with Morgan Stanley’s global scale to increase fee-based revenues, deliver cost synergies, and broaden client offerings.

BorgWarner Acquires Delphi Technologies

January 28, 2020

Automotive

BorgWarner Inc. agreed to acquire Delphi Technologies PLC in an all‑stock transaction valuing Delphi at an enterprise value of approximately $3.3 billion. The deal strengthens BorgWarner's power electronics and electrified propulsion capabilities and is expected to create a leading pure‑play propulsion company serving OEMs and the aftermarket.