Tracked deals
141
141 tracked deals across 2025.
Tracked deals
141
141 tracked deals across 2025.
Buyer mix
Mixed buyer set
116 strategic · 59 pe
Top trend
Volume peaked in 2026
213 tracked deals announced in 2026.
Buyer Snapshot
Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| America's Auto Auction (America's Group) | 3 | Operator of a nationwide auto auction and vehicle remarke... | Strategic |
| Mill Point Capital LLC | 3 | Private equity firm focused on control investments in low... | PE |
| Vehicle Management Solutions LLC | 3 | Provider of end-to-end vehicle management solutions inclu... | Strategic (PE-backed) |
| Alba Wheels Up | 2 | Integrated logistics provider offering customs brokerage,... | Strategic (PE-backed) |
| BUKO Group | 2 | European provider of temporary traffic management solutio... | Strategic (PE-backed) |
| DFW Capital Partners | 2 | Private equity firm focused on lower middle-market servic... | PE |
| Funds advised by Equistone | 2 | European private equity firm investing in and supporting ... | PE |
| Hoffmann Family of Companies | 2 | Multi-vertical, family-owned investment company with a lo... | Family Office |
| LAZ Parking | 2 | Largest privately owned parking operator in the U.S.; pro... | Strategic (PE-backed) |
| North American Rail Solutions | 2 | Turnkey rail solutions provider offering railroad enginee... | Strategic (PE-backed) |
Last 9 years
Supporting Data
VSE Corporation (NASDAQ: VSEC) completed its previously announced acquisition of GenNx/AeroRepair IntermediateCo Inc., the parent company of Aero 3, Inc. Aero 3 is a global wheel and brake Maintenance, Repair and Overhaul (MRO) service provider and OEM-aligned distributor supporting the commercial aftermarket.
Hafnia Limited completed its acquisition of approximately 14.1 million A-shares of TORM plc, representing about 13.97% of TORM’s issued share capital. The shares were purchased from Oaktree Capital Management, L.P. and its affiliates after all conditions precedent were satisfied under a share purchase agreement.
EQT Active Core Infrastructure I has agreed to acquire 100% of A-Train AB, the operator of Arlanda Express, the high-speed passenger rail service between Stockholm Central Station and Arlanda Airport. EQT plans to enhance customer experience and operations, including introducing a new train fleet and more flexible pricing, and the deal is subject to regulatory approvals and approval from Arlandabanan Infrastructure AB.
Union Pacific (UP) and Norfolk Southern (NS) refilled their merger application with the U.S. Surface Transportation Board (STB) after initially filing and later submitting revised materials. Canadian Pacific Kansas City (CPKC) publicly commented and urged stakeholders to participate, arguing the mega-merger is unnecessary and raises public-interest and market-power concerns.
BNSF CEO Katie Farmer issued a statement opposing Union Pacific’s (UP) proposed merger, citing long-term competitive harms and risks of service failures. The statement responds to UP’s merger application filing with the U.S. Surface Transportation Board (STB) and says BNSF plans to continue seeking benefits through partnership and collaboration rather than the proposed merger.
RPM Freight Systems, LLC has acquired Dealers Choice Auto Transport, a specialist in premium and luxury vehicle transport for dealerships and auto auctions. The deal, completed with support from RPM's sponsors Trive Capital and Bluejay Capital, expands RPM's dealership and auction coverage and adds specialized, white‑glove vehicle transport capabilities to its tech-enabled logistics platform.
Wrist Group has acquired Delaware Ship Supply (DSS), a century-old ship chandler based in Camden, New Jersey, to strengthen its commercial and operational presence along the U.S. East Coast. The acquired business will be rebranded as Wrist Delaware and integrated into Wrist’s global marine supply and digital platforms; Wrist is a portfolio company of an investment affiliate of J.F. Lehman & Company.
Affiliates of Caldicot Capital and Tamarix Capital Partners recapitalized Custom Tours, Inc., doing business as Kushner & Associates, in a transaction that closed December 18, 2025. Founder/CEO Susan Kushner will remain as CEO and retain a significant ownership stake while meaningful equity was granted to employees; terms were not disclosed.
Boatsetter and Getmyboat have merged to form a combined global marketplace for boat rentals and on‑the‑water experiences, with the new headquarters based in Miami. The merger unifies inventory and technology across both platforms to expand geographic reach, accelerate product and AI development, and provide enhanced tools and services for owners, operators and guests.
Typewriter Ascend Ltd, controlled by Stonepeak and an affiliate of Textainer, agreed to acquire Global Sea Containers Limited (“Seaco”) from Bohai Leasing Co., Ltd for $1.75 billion (subject to adjustments). The acquisition subsequently closed, combining Seaco’s container fleet with Textainer to create a larger, more diversified container leasing platform.
Boise Cascade Company completed its previously announced acquisition of Humphrey Company, Inc. d/b/a Holden Humphrey, a two-step distributor of building materials serving customers in New England, New York, and New Jersey. The deal strengthens Boise Cascade’s northeast distribution partnerships and expands access to additional product lines.
Via has acquired Downtowner, a provider of software-powered transit solutions for destination cities, to expand its public transit technology platform. The acquisition brings Downtowner’s on-demand, flexible routing product and proprietary data into Via’s platform to improve seasonal demand management, operations in complex terrain and development of Via’s AI for Cities solutions.
Pegasus Airlines has reached an agreement to acquire Czech Airlines and its subsidiary Smartwings for €154 million, including the purchase of associated receivables. Completion is subject to regulatory approvals and additional transfer conditions, and the airlines plan to maintain their own brands while leveraging shared operational capabilities.
Grupo Aeroportuario del Sureste (ASUR) completed the acquisition of URW Airports, LLC, which develops and operates airport terminal retail concessions at major U.S. hubs including JFK, LAX, and Chicago O'Hare. The acquired business (renamed ASUR Airports, LLC) will manage select commercial programs across those airports, marking ASUR’s continued expansion of its U.S. airport retail concessions operations.
Cando Rail & Terminals completed the acquisition of the Channelview rail terminal and associated operations from Texas Deepwater Partners, a joint venture formed by USD Group LLC and Pinto Realty Partners. The purchase gives Cando its first U.S. terminal on the Houston Ship Channel — a multi-customer, multi-purpose facility with existing capacity for 900 railcars and room for future expansion.
Franchise Equity Partners (FEP) acquired IMO Car Wash, the largest tunnel car wash operator in the world, from Driven Brands. The transaction covers IMO’s full portfolio of 720 locations, primarily in the United Kingdom and Germany, with additional sites across nine other European countries and Australia.
Republic Airways Holdings Inc. and Mesa Air Group, Inc. completed their all-stock merger, forming a leading publicly traded regional airline. The combined company will operate under the Republic name, trade on NASDAQ under ticker RJET, with Republic stockholders owning ~88% and Mesa stockholders owning at least 6% (up to 12% depending on pre-closing criteria).
America's Auto Auction (America's Group) acquired Jefferson Mid-State Auto Auction in Wisconsin and United Mobile Auctions in Monroe, North Carolina, expanding its national network and adding mobile and regional auction capacity. The deals bring two family-owned operations into America's 50+ location network to enhance geographic reach and service offerings for dealer customers.
Vehicle Management Solutions LLC (VMS), a Mill Point Capital portfolio company, has acquired AutoBase Inc., a national provider of safety service patrol and traffic incident management services. The add-on strengthens VMS's Safety Service Patrol (SSP) capabilities, expands its geographic coverage (now serving clients in 22 states) and enhances its ability to serve state and municipal transportation agencies.
Right Traffic has acquired three regional traffic control companies — Southwest Barricades, FC Traffic and Barricades Unlimited — expanding its presence across the U.S. Southwest. The transactions bring local traffic control expertise and equipment rental capabilities into Right Traffic's technology-forward platform to accelerate geographic expansion and improve work zone safety.
Archer Aviation signed definitive agreements to acquire control of Hawthorne Airport (Hawthorne Municipal Airport) near Los Angeles for $126 million in cash and raised $650 million of additional equity capital. Archer intends to use the 80-acre site as the operational center for its planned Los Angeles air taxi network and as an AI-powered aviation testbed to develop next-generation air traffic and ground operations systems.
IPS Group, a San Diego-based provider of smart parking and curb management technologies, has acquired Populus Technologies, a San Francisco-based provider of mobility data, curb management and parking payments software. The acquisition will integrate Populus' mobility and curb-data platform with IPS's parking, payment and enforcement systems to expand IPS's smart mobility capabilities for municipalities, universities, transportation agencies and private operators.
Golden Entertainment entered into a definitive agreement under which Blake L. Sartini and affiliates will acquire Golden Entertainment’s operating assets, and VICI Properties will buy seven of Golden’s casino real estate assets in a sale-leaseback transaction. At closing, Golden shareholders are set to receive a fixed exchange ratio of 0.902 shares of VICI stock plus a $2.75 cash distribution per share, with the transaction expected to close in mid-2026.
World Kinect Corporation (NYSE: WKC) completed the acquisition of the Trip Support Services (TSS) division of Universal Weather and Aviation, expanding its aviation service capabilities and complementing its core fuel business. The transaction is expected to be approximately 7% accretive to adjusted EPS in year one and to deliver about $15 million of annual net cost synergies by the end of year two.
ParkHelp has acquired Cleverciti Systems GmbH to combine ParkHelp's off-street parking guidance systems with Cleverciti's AI-powered curb management and on-street guidance technologies, creating a single cloud-based platform covering indoor/outdoor and on-/off-street parking. Cleverciti will operate as a wholly owned subsidiary and its team will remain in place as the companies integrate products and expand global reach.
America's Auto Auction (America's Group) has acquired EBlock Houston and EBlock New Orleans, renaming them America's Auto Auction Central Houston and America's Auto Auction New Orleans. The deal expands America's Auto Auction's national footprint to 50 auction locations and strengthens its Gulf Coast presence, combining physical lanes with digital auction capabilities to better serve dealer and institutional consignors.
Signature Aviation has acquired Fort Lauderdale Executive Jet Center at Fort Lauderdale Executive Airport (FXE), adding the 10,000 sq. ft. main terminal and more than 100,000 sq. ft. of hangar and office space to its global network. The deal expands Signature's presence in South Florida—one of the busiest private aviation regions—and integrates FXE into Signature's 200+ location network with planned terminal modernization and rebranding.
Western Midstream Partners, LP (WES) completed its acquisition of Aris Water Solutions, Inc. (Aris). Under the merger agreement, Aris shareholders could elect to receive WES common units and/or cash (up to $415 million), and the deal was completed on Oct. 15, 2025.
FlyHouse has entered into a definitive agreement to acquire Sun Air Jets, a Southern California aircraft management and charter operator. The deal is intended to expand FlyHouse’s maintenance, management, and operational capabilities, including adding FAA Part 145 Repair Station certification and expanding facilities and fleet capacity at West Coast airports.
WOW Cargo Trailers, a large North American trailer dealership headquartered in Cochran, Georgia, has acquired American Trailer Pros, an internet-based trailer sales company, to expand its digital reach and distribution capabilities. The company also announced a new physical location opening near Orlando, Florida, as part of a broader plan to accelerate North American growth through additional dealer acquisitions and expanded regional access.
Student Transportation of America (STA) has acquired Universal Transportation Systems (UTS), a leading independent student transportation provider in Ohio. Northborne Partners served as exclusive financial advisor to UTS; financial terms were not disclosed. UTS operates more than 350 buses and vans and employs over 350 staff across terminals in the Cincinnati and Columbus metropolitan areas.
America's Auto Auction (America's Group) has acquired Lake Charles Auto Auction, a family-owned dealer auction in Lake Charles, Louisiana. The business will operate as America's Auto Auction Lake Charles and continue weekly dealer-only auctions, with the Pedersen family (owner Matt Pedersen) selling the business to America's as part of the company's southern expansion.
Hoffmann Family of Companies has acquired Pure Florida, a Naples-based maritime tourism operator founded by Captains Lance and Harry Julian. Pure Florida will join HF Companies' marine vertical (Hoffmann Marine) as an add-on to the group's regional hospitality and marine portfolio, with the founders handing the business to the Hoffmann family to continue local operations and growth.
Geotab has acquired Verizon Connect's commercial operations in Australia and nine European countries, welcoming over 400 Verizon Connect employees as part of the deal. The transaction— which excludes Verizon Connect's product, engineering and other non-sales teams—expands Geotab's global footprint and strengthens its offering to small- and mid-sized fleets.
Leviate Air Group, a Dallas-based private aviation operator, has acquired the business operations of Vault Aviation, LLC, a Texas-based private aviation services provider serving sports, entertainment and high-net-worth clients. The deal expands Leviate's client base and capabilities in VIP charter, aircraft management and aircraft sales, with integration and continuity plans underway.
Hoffmann Family of Companies has acquired Olympus Limo, a Tampa Bay-based luxury ground transportation provider that serves individual travelers, corporate clients and large events across more than 350 cities. The deal adds Olympus to Hoffmann's Aviation & Transportation vertical (Hoffmann Transportation Group) and is intended to expand the firm's luxury transportation footprint and accelerate growth while preserving Olympus's service standards.
Watco Railroad Company Holdings, Inc. has announced an agreement to acquire ownership of the Great Lakes Central Railroad (GLC), the largest Class III regional railroad in Michigan, with roughly 420 miles of track. The Surface Transportation Board approved the acquisition, which will be effective September 28, subject to a condition requiring Watco to keep active GLC and Ann Arbor gateways open on commercially competitive terms.
Procuritas has acquired a majority stake in Parkman i Sverige AB, a Swedish tech-enabled parking operator headquartered in Täby. Crescent Capital Group’s European Specialty Lending strategy provided unitranche financing to support the transaction; Parkman reported SEK 610 million in revenue for 2024 and employs approximately 85 full-time and 50 part-time staff.
Seneca Partners, an independent financial sponsor, has acquired Nomlas Ventures Inc. (doing business as Busmax), a Rome, Georgia-based passenger bus, van and car rental company. Backcast Partners provided and agented the senior secured debt (with warrants) to support the transaction; the Salmon family will retain a minority ownership stake.
Vehicle Management Solutions (VMS), a portfolio company of Mill Point Capital, has acquired Dynamic Towing Holdings, a leading private-property impound towing operator in Dallas and North Texas. The transaction is an add-on to VMS’s platform strategy to deepen its footprint and integrate Dynamic’s operations into VMS’s technology-enabled vehicle management and parking services network.
Direct Travel, Inc. has acquired ATPI, combining the two businesses to form a global travel management powerhouse with more than $6 billion in annual travel volume. The deal expands Direct Travel’s international footprint and specialized capabilities (energy, marine, sports, mining) while accelerating the global rollout of its Avenir Travel Edition platform.
Zonar has acquired ez enRoute, an Edmonton-based provider of IoT-enabled student tracking and dynamic routing, and integrated its routing engine to launch the Zonar Bus Suite — an all-in-one routing and fleet operations platform for school districts. The deal expands Zonar’s student transportation capabilities, delivering real-time routing, ridership visibility and parent communication features.
Isomeric Industries Inc., a Big Spring, Texas-based supplier of oilfield and industrial chemicals, has acquired Big Spring Rail Systems, Inc., effective September 15, 2025. The purchase — which transfers operation of approximately 8 miles of rail line in Howard County, Texas — will allow Isomeric to reduce raw-material logistics costs and support broader industrial development around Big Spring Airport through a new subsidiary, Isomeric Development Corporation.
Wesco Group, LLC announced it has acquired the paint distribution business of DealerShop, Inc., a national automotive-focused group purchasing organization (GPO). The deal expands Wesco’s coast-to-coast market presence and service capabilities, while DealerShop remains positioned as a GPO dedicated to the automotive industry.
Tag Agency Professionals (TAP), a St. Petersburg, Florida-based title and registration services provider, has acquired EZDMV, a Middletown, Rhode Island-based private tag agency specializing in fleet services. The deal adds EZDMV's fleet operations across 16 states (expanding TAP into 8 new states) and will retain founder Dennis Sullivan and the existing management team to help scale TAP's national network.
Montway Auto Transport has acquired TurnTime Transport, an automotive transport brokerage founded in 2019 and based in Phoenix, Arizona. The acquisition strengthens Montway's dealer- and auction-focused transportation capabilities and expands its service reach for dealer and remarketing customers nationwide.
Pro-Vision, a mobile video technology provider backed by Vance Street Capital, has acquired Spartan Radar, a Los Alamitos, California-based developer of software-defined radar and collision-avoidance systems. The acquisition is an add-on to Pro-Vision’s platform intended to expand fleet safety capabilities by integrating advanced radar sensing with Pro-Vision’s vehicle video and data solutions.
North American Rail Solutions (a portfolio company of DFW Capital Partners) has completed a strategic combination with ZA Construction, a Brandon, Mississippi–based outsourced rail support services provider. The deal brings ZA's rail maintenance, construction and support capabilities into the NARS platform to expand geographic reach, shared services and growth for the combined rail services business.
Atlantic Aviation expanded its FBO network to 106 locations with the acquisition of Glacier Jet Center and Rocky Mountain Aircraft Services at Glacier Park International Airport (GPI) in Kalispell, Montana. The deal brings Atlantic’s full range of passenger/crew support, fueling, heated hangars and on-field Part 145 maintenance under its brand as it enters the Montana market.
Air Lease Corporation has entered into a definitive merger agreement to be acquired in a 100% cash transaction by a newly established holding company, Sumisho Air Lease Corporation (Ireland) DAC, backed by Sumitomo Corporation, SMBC Aviation Capital, Apollo managed funds, and Brookfield. The deal values Air Lease at about $7.4 billion (approximately $28.2 billion including assumed/refinanced debt) at $65.00 per share, with expected closing in the first half of 2026.
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