Tracked deals
176
176 tracked deals across 2026.
Tracked deals
176
176 tracked deals across 2026.
Buyer mix
Mixed buyer set
125 strategic · 68 pe
Top trend
Volume peaked in 2021
224 tracked deals announced in 2021.
Buyer Snapshot
Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| TruArc Partners | 3 | Middle-market PE firm investing in business services and ... | PE |
| Brightstar Capital Partners | 2 | Middle-market private equity firm focused on control-orie... | PE |
| Francisco Partners | 2 | Technology-focused global investment firm partnering with... | PE |
| Klutch Cannabis | 2 | Vertically integrated cannabis company operating retail d... | Strategic |
| Premier Care Dental Management | 2 | Dental Clinical Organization that acquires and operates d... | Strategic |
| R.W. Beckett Corporation | 2 | Industrial manufacturer in heating/combustion and related... | Strategic |
| Rotunda Capital Partners | 2 | Private equity firm that holds a stake in RMH as part of ... | PE |
| VION Biosciences | 2 | Life sciences tools and services company building integra... | Strategic |
| Vireo Growth, Inc. | 2 | Vertically integrated U.S. cannabis and adjacent agricult... | Strategic |
| Warburg Pincus | 2 | Global private equity firm that invests in and supports g... | PE |
Last 10 years
Supporting Data
Capital Machine acquired KC Robotics, a West Chester, Ohio-based robotic systems integrator serving manufacturers. The acquisition adds engineering and turnkey automation capabilities to Capital Machine’s metal-fabrication equipment and service offering; KC Robotics will continue operating under its own name, led by Kyle Carrier.
Reliability Won acquired IVC Technologies, adding on-site and wireless condition monitoring, predictive maintenance, and advanced diagnostic services to its industrial reliability platform. IVC will join Reliability Won’s existing subsidiaries Mobius Institute, Noria Corporation, and Fluid Life, while continuing to operate under its existing brand and leadership.
CenterPoint Energy completed the previously announced $2.62 billion sale of its Ohio natural gas Local Distribution Company business, Vectren Energy Delivery of Ohio, LLC. National Fuel Gas Company will assume responsibility for serving CenterPoint’s former Ohio natural gas customers.
ArchKey announced it has acquired US Communications & Electric, a Cleveland-based technology integration firm specializing in audio-visual systems, distributed antenna systems (DAS), network infrastructure, security solutions, and connected building technologies. The acquisition expands ArchKey’s national technology services offering and strengthens its ability to deliver integrated electrical and technology solutions across North America.
Clean Team has received an investment from Blue Sage Capital to support the company’s continued growth. The deal enables Clean Team to continue executing an M&A growth strategy as a multi-regional facility cleaning and janitorial services platform.
TRG, a managed services provider for enterprise endpoints and a portfolio company of Gemspring Capital, acquired Fentron, a cybersecurity and advisory firm based in Westerville, Ohio. Fentron’s team is joining Inversion6, TRG’s dedicated cybersecurity division, to add complementary capabilities and senior engineering talent across the enterprise endpoint lifecycle. Financial terms were not disclosed.
Peoples Bancorp Inc. announced it will acquire Capital Bancorp, Inc. in an all-stock transaction valued at approximately $728.1 million. Under the merger agreement, Capital will merge into Peoples, followed by Capital Bank merging into Peoples Bank. The combined company is expected to operate more than 150 banking locations across eight states plus Washington, D.C., and to expand specialty financial services nationwide.
Kodiak Chemical announced it has acquired Eco Solution Distributing. The deal expands Kodiak’s product portfolio into water treatment and environmental chemicals while adding multiple locations to its specialty-chemicals platform.
Maridea Wealth Management expanded into Ohio by adding River Cities Financial Services and Dietz, Futrell & Walters Insurance (DFW Insurance) to its wealth management platform. The combination brings an integrated model of investment advisory and insurance services, with the local teams remaining in their existing Ohio offices.
McGraw Hill announced it will acquire TeachFX, an AI-native instructional coaching platform that turns classroom audio into actionable teaching feedback. The acquisition expands McGraw Hill’s professional learning offerings and aims to help educators improve instructional practices while giving school leaders aggregated classroom insights.
PBS Western Reserve and Ideastream Public Media announced that their boards have approved an agreement to merge, creating a combined public media organization serving more than 4 million people across Northeast Ohio and Western Pennsylvania. The organizations plan to retain all existing staff and retain station and branding elements during the closing process, with PBS Western Reserve’s CEO roles shifting to a Chief Content Officer role at Ideastream Public Media.
Bendon LLC acquired Hinkler’s North American business to expand its owned-brand portfolio and broaden product offerings in children’s coloring, activity, arts and crafts, stationery, toys, and games. The deal is a carve-out: Hinkler’s Australian and other international operations continue under existing ownership, while the North American business will operate under Bendon.
Spa Medicca announced a partnership with Dr. Nicholas E. Sherock LLC & Associates, a women's health practice serving the Massillon and Orrville, Ohio communities. The agreement brings the practice into the Spa Medicca family, providing operational support and resources while continuing to deliver the same patient care.
Carson Group acquired Elios Financial Group, an Ohio-based wealth management firm with approximately $367 million in assets under management. Elios will become a Carson Wealth office in Westlake, Ohio, and will continue to be led by Managing Partner and Wealth Advisor James Elios while gaining access to Carson’s integrated wealth management platform.
Pexco LLC acquired Recto Molded Products and Legacy Extrusions to expand its engineered plastics capabilities across complex injection molding, tooling, assembly, and thermoplastic extrusion. The Cincinnati-based businesses add additional tooling capacity and secondary assembly/finishing services, strengthening Pexco’s ability to support OEM customers from product concept and prototyping through full-scale production.
Blackstone, through private equity funds affiliated with Blackstone Capital Partners and Blackstone Energy Transition Partners, entered into a definitive agreement to acquire Flow Control Holdings (FCH). The seller is Audax Private Equity, which will retain a minority equity stake in FCH following the transaction. The deal is expected to close in the fourth quarter of 2026, though financial terms were not disclosed.
Relevant Solutions, LLC acquired Conrad Kacsik Instrument Systems, a thermal processing and industrial furnace solutions provider based in Solon, Ohio. The acquisition closed on September 4, 2026 and adds specialized thermal processing control system engineering, testing, and calibration capabilities to Relevant’s Combustion Solutions offering.
Clement Auto Group acquired Mansfield Motor Group, a three-rooftop Nissan, Honda, and Volvo dealership group in Mansfield, Ohio, from Dirk Schulter and Brett Schulter. The dealerships will remain in place and be renamed Clement Honda, Clement Nissan, and Clement Volvo Cars of Mansfield.
Spartan Logistics, a family-owned third-party logistics provider headquartered in Columbus, acquired Allen Logistics in Whitehouse, Ohio. The transaction added 100,000 square feet of warehousing capacity and brought Spartan’s Northwest Ohio footprint to seven warehouse operations (about 950,000 square feet). The acquisition also included industrial real estate at 6245 Industrial Drive and took effect September 1, 2026.
GE Aerospace has signed an agreement to acquire Consolidated Precision Products (CPP) for $11.75 billion to expand mission-critical castings capacity. GE will fund the deal with $7 billion in cash and the remainder through new debt, with closing expected in the second half of 2027 subject to regulatory approvals.
VION Biosciences announced the closing of its acquisition of Prolytix, a provider of regulated bioanalytical and CMC services, research reagents, and custom sample collection products. The deal is intended to strengthen VION’s integrated platform across biopharma services and diagnostic workflow inputs, including regulated large-molecule testing and workflow-critical reagents and IVD materials.
Component Sourcing International (CSI) acquired SenSource Global Sourcing, LLC, adding sourcing teams in China, Taiwan, and India and expertise in gears, machined shafts, and castings. The acquisition closed on August 31, 2026, expanding CSI’s global sourcing, manufacturing, and supply-chain capabilities for OEM customers.
Tusker announced the acquisition of Fortress SRM, a Cleveland-based cybersecurity services provider. The deal adds nearly 50 cybersecurity professionals and expands Tusker’s capabilities, including a 24/7 Security Operations Center and services such as virtual CISO, managed security, incident response, and digital forensics.
Klutch Cannabis announced that the Ohio Division of Cannabis Control has approved its acquisition of the Grandview dispensary formerly operated by Culture Cannabis. The Grandview dispensary (1305 Holly Avenue, Columbus, Ohio) is Klutch’s second retail location in the Columbus market, extending its rapid Ohio retail expansion.
Principal Financial Group completed its acquisition of Beam Benefits effective September 1, 2026. The acquisition adds more than 25,000 small-business customers and Beam’s digital benefits platform to Principal’s Benefits and Protection business, supporting its growth in the small-business employee benefits market.
Mercer Advisors, a national registered investment adviser, acquired NorthAvenue Financial Advocates, a Columbus, Ohio-based wealth management firm with more than $220 million in assets under management. The deal expands Mercer’s footprint across the Ohio Valley and strengthens its integrated family office and Women & Wealth capabilities through NorthAvenue’s predominantly women-led team.
Trinity Hunt Partners made an investment in Fisher Management Partners, establishing Fisher as the foundational investment of a new value creation services platform. The platform is intended to drive operational excellence, performance improvement, and enterprise transformation for clients.
Volato Group entered into and subsequently completed a definitive merger with Alignment Engine in a transaction valued at approximately $500 million. The deal positions Volato as an AI infrastructure and data center platform player, centered on Alignment Engine’s Ohio powered industrial campus and a planned path to up to 480 MW of capacity.
H.I.G. Capital, through an affiliate, agreed to make a strategic growth investment in HBK, an integrated accounting, tax, audit, consulting, technology, and wealth management firm, establishing H.I.G. as HBK’s first institutional partner. HBK partners will continue to lead the firm, with the deal expected to close in Q4 2026 subject to customary regulatory approvals and closing conditions.
Bearing Distributors, Inc. (BDI), a global distributor of bearings, power transmission and fluid power products, received a strategic growth investment from Kelso & Company. The capital and operational support are intended to accelerate BDI’s organic and inorganic growth across product categories, end markets, and service offerings.
NVIDIA secured land, power, and shell capacity through a partnership with SB Energy at the PORTS-Pike Technology Campus in Pike County, Ohio, to exclusively host NVIDIA AI compute. SB Energy will build, own, and operate the data center under a 20-year lease to OpenAI, while NVIDIA also invests $1.5 billion in SB Energy to support its AI infrastructure growth.
Blue Point Capital Partners recapitalized Dumpsters.com, a national, asset-light provider of temporary roll-off dumpsters and related jobsite site services. The investment is intended to help the company deepen business-to-business sales, expand complementary site services, and pursue acquisitions in a fragmented market.
MFG Chemical, a portfolio company of Windjammer Capital, acquired AP Tech, a specialist in solid chemistry solutions for industrial water treatment. The deal expands MFG Chemical’s water technologies portfolio, adding AP Tech’s solid chemistry offerings to its existing liquid-and-solid capabilities.
Joby Aviation entered into a definitive agreement to acquire Resonant Sciences, a Dayton, Ohio-based defense technology company, for approximately $500 million. Upon closing (expected in the first half of 2027), Resonant will become Joby’s dedicated defense business and continue operating under the Resonant Sciences name while expanding its portfolio with Joby’s autonomy and aircraft technologies.
Keltec Technolab (“Keltec”), a Vance Street Capital portfolio company, acquired AJR Filtration (“AJR”). AJR is a family-owned manufacturer of process liquid and dust collection filtration consumables, and the deal combines AJR’s filtration expertise with Keltec’s compressed air and hydraulic filtration portfolio to create a broader industrial filtration platform.
Francisco Partners agreed to acquire a majority stake in Command Alkon from Thoma Bravo. Heidelberg Materials will retain a significant minority stake as Command Alkon expands its agentic AI and autonomous plant operation capabilities, global scaling, and payments offerings.
Star Step Performance Coatings Group (SSPCG) completed the acquisition of Royal Powder, an Ohio-based custom manufacturer of high-performance powder coatings, on July 31, 2026. The deal expands SSPCG’s coatings platform into the powder coatings sector to broaden technology coverage and better serve industrial and OEM customers.
Grant Thornton Advisors will acquire CBIZ in an all-cash transaction valued at $5 billion, paying $55.00 per CBIZ share (a ~54% premium to the 30-day VWAP). The deal is expected to close in Q4 2026, subject to CBIZ shareholder approval and regulatory clearances, and includes a go-shop period ending August 27, 2026.
Nexus (formerly Nexus Bedside) acquired Telemetrix RPM, a remote patient monitoring and chronic care management company. The deal closed on July 23, 2026, and Telemetrix RPM now operates as a wholly owned subsidiary of Nexus. Financial terms were not disclosed.
Vireo Growth Inc. entered into definitive securities purchase agreements to acquire four Ohio entities—FarmaceuticalRx LLC, FarmaceuticalRx 2 LLC, CAOH LLC, and Canoe Hill Ohio, LLC—covering eight dispensaries, a cultivation and processing facility, and related real estate. The aggregate purchase price is expected to be approximately $208 million, paid entirely in Vireo subordinate voting shares in three tranches with deferred performance-based clawbacks. Closing is expected in Q4 2026, subject to regulatory approvals and customary closing conditions.
Kinderhook Industries acquired Pete & Pete Container Service and Boyas Recycling & Excavating, forming a vertically integrated construction and demolition (C&D) waste collection, recycling, and disposal platform in Northeast Ohio. The combined platform operates collection (roll-off/front-load), a material recovery facility (MRF), and internalized landfill disposal to capture value across the full chain, with the Ristagno family and leadership team staying in place.
Strategic Value Partners (SVP) and its affiliates have agreed to acquire a minority equity interest in South Field Energy, a 1,182-megawatt natural gas combined-cycle generation facility in Columbiana County, Ohio. The investment is being made through SVP’s partnership with EverGen Power, a power generation asset management firm formed in 2024.
RH Aero Systems, a global aviation support equipment and services provider headquartered in Mason, Ohio, signed a definitive agreement for a strategic investment from Capitol Meridian Partners. The investment is intended to accelerate RH Aero’s next phase of global growth, innovation, and customer value creation, while the Moeller family and other shareholders remain significant investors.
Bayview Asset Management and Springmont Capital (the Morgan family office) have signed a definitive agreement to acquire a majority stake in commercial mortgage bank BWE. Bayview MSR Opportunity (US) Master Fund, L.P. will become BWE’s majority owner upon closing, while Springmont Capital will take a minority position; CEO DJ Effler will remain in his role and retain a significant minority stake. The transaction is expected to close in fall 2026, subject to regulatory approval and customary closing conditions.
Matrix Adhesives Group, a TruArc Partners portfolio company, acquired IPS Adhesives (IPSA) from the parent company of IPS Corporation. The deal expands Matrix’s branded adhesive portfolio, advanced adhesive technology capabilities (including methyl methacrylate), and international reach via IPSA’s European footprint and distributor network. Terms of the transaction were not disclosed.
TransDigm Group Incorporated entered into a definitive agreement to acquire Prince & Izant, a portfolio company of Industrial Growth Partners, for approximately $1.066 billion in cash (including certain tax benefits). Prince & Izant is a designer and manufacturer of highly engineered brazing alloys and specialty metal components used primarily in aerospace and defense, with additional medical and general industrial exposure.
Vesterra Capital Partners announced the acquisition of PHFM, a tech-enabled single-source provider of interior and exterior facilities maintenance services for multi-location commercial customers nationwide. PHFM will operate as a standalone platform and continue under its existing management team, including CEO Michelle Egan.
Gentherm (NASDAQ: THRM) has acquired Innovative Medical Equipment, LLC (IME), a Cleveland-area provider of the ThermaZone non-opioid thermal therapy device. The deal is intended to strengthen Gentherm’s Medical business by expanding its medical product portfolio, technology platform, and customer channels.
Amerit Fleet Solutions acquired Kirk NationaLease (KNL) and Truck & Trailer Parts Solutions (TTPS), adding 19 repair and upfitting locations to its national fleet maintenance network. The acquisitions expand Amerit’s contract maintenance, mobile service, shop management, and truck upfitting capabilities to improve fleet uptime and reduce total cost of ownership.
EagleNXT (AgEagle Aerial Systems Inc., dba EagleNXT) made a strategic investment in Ohio-based drone startup Agilis Air Inc. The companies say Agilis Air’s low-cost, modular quadcopter platform complements EagleNXT’s long-endurance fixed-wing UAS systems for integrated, American-made multi-domain unmanned solutions.
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