Power International Holding Acquires Mobile Telecom-Service (MTS) from Kazakhtelecom

MTN Group to Acquire IHS Towers in $6.2 Billion All-Cash Deal

February 5, 2026

Telecommunications

IHS Holding Limited (IHS Towers) entered into a definitive merger agreement to be acquired by MTN Group Limited for approximately $6.2 billion enterprise value in an all-cash transaction. IHS Towers shareholders will receive $8.50 per ordinary share, with the transaction expected to close in 2026 subject to customary regulatory and shareholder approvals.

Power Solutions International Acquires MTL Manufacturing & Equipment

March 5, 2026

Industrial Services

Power Solutions International has acquired MTL Manufacturing & Equipment, a Beloit, Wisconsin-based metal and steel fabricator that produces components for power generation systems, including data centers. The deal purchases 100% of MTL’s outstanding stock and is expected to strengthen Power Solutions’ competitive position in the data center market through vertical integration and improved supply chain control. Financial terms were not disclosed, and MTL’s management team will continue to lead operations post-transaction.

Stonepeak to Acquire TeleTower From Bitė Group (Providence Portfolio Company)

December 23, 2025

Infrastructure

Stonepeak agreed to acquire TeleTower, Bitė Group’s towers business in Lithuania and Latvia. The transaction is expected to close in Q2 2026 and is intended to create the first fully independent tower company in the Baltics, supported by a long-term commercial partnership with Bitė for further tower rollouts and 5G expansion.

Phoenix Tower International Acquires Tower Ventures Holdings (197 U.S. Tower Sites)

March 5, 2020

Telecommunications

Phoenix Tower International (PTI) has acquired a 100% ownership interest in Tower Ventures Holdings, LLC and related entities, gaining ownership of 197 wireless communication towers across the United States. The deal — terms confidential — expands PTI's U.S. tower portfolio ahead of 5G deployments; Tower Ventures is a Memphis, Tennessee–based tower operator previously owned by its management team with an investment from BBH Capital Partners.

Industrial Service Solutions Acquires MSHS & Pacific Power Group

February 14, 2026

Industrial Services

Industrial Service Solutions (ISS) acquired MSHS Pacific Power Group (MSHS PPG), formed through the merger of MSHS and Pacific Power Group, in an M&A deal valued as undisclosed. The acquisition adds 10+ locations and 450+ technical and support staff to ISS, along with 150+ OEM relationships across power, marine, industrial, and national security end markets.

MTN Capital Partners and Argosy Private Equity Acquire Global Power Products

January 13, 2022

Manufacturing

MTN Capital Partners and Argosy Private Equity acquired AM-GPP Holdings, LLC d/b/a Global Power Products on December 30, 2021, in partnership with the company’s founders. The investment will provide capital and operational support to expand GPP’s product development and marketing efforts across its commercial, industrial and residential end markets.