M&A Tracker
Total Deals This Week: 29
Amcor to Merge with Berry Global
Background/Synergies/Context: Amcor has announced the acquisition of Berry Global in an all-stock transaction. This merger unites two complementary businesses to create a global leader in packaging solutions. The combination will drive innovation in sustainable packaging, improve supply chain capabilities, and expand customer offerings in high-growth categories. This transaction positions the combined entity to achieve enhanced profitability and market leadership.
Payment Profile: ALL STOCK TRANSACTION - Berry shareholders will receive 7.25 Amcor shares for each Berry share held, valuing the deal at $73.59 per share, yielding a total transaction value of $8.43 billion. The transaction reflects a premium on Berry's recent trading price and is expected to close by mid-2025, subject to shareholder and regulatory approvals.
Advisors: UBS and GOLDMAN SACHS acted as financial advisors to Amcor. For Berry, LAZARD and WELLS FARGO served as financial advisors.
Industry: Packaging
About Amcor: Amcor is a global leader in packaging solutions, offering innovative, sustainable products to support consumer, food, and healthcare industries. It operates in 40 countries with significant expertise in flexible and rigid packaging formats.
About Berry Global: Berry Global specializes in innovative packaging solutions, focusing on sustainability and circular economy practices. Its global operations span over 200 locations, serving diverse markets with advanced product capabilities.
Blackstone to Acquire Majority Stake in Jersey Mike’s Subs
Background/Synergies/Context: Blackstone has agreed to acquire a majority ownership position in Jersey Mike’s Subs, with the company’s founder and CEO, Peter Cancro, retaining a significant equity stake. The partnership aims to accelerate Jersey Mike’s expansion domestically and internationally, enhance technology investments, and continue its leadership in high-quality, fast-casual dining. Blackstone’s track record of supporting franchise growth, including past investments in Hilton Hotels and Tropical Smoothie Cafe, aligns well with Jersey Mike’s vision. This collaboration reflects a shared commitment to growth, innovation, and delivering value to customers and franchisees.
Payment Profile: The deal has been valued at $8 billion from an independent source. Additional financial terms of the transaction have not been disclosed.
Advisors: GUGGENHEIM SECURITIES and MORGAN STANLEY served as financial advisors to Jersey Mike’s. For Blackstone, BARCLAYS and BANK OF AMERICA acted as financial advisors.
Industry: Fast-Casual Restaurants
About the Acquirer - Blackstone: Blackstone is the world’s largest alternative asset manager, overseeing $1.1 trillion in assets. The firm focuses on global investment strategies across private equity, real estate, infrastructure, and more, driving growth in its portfolio companies.
About the Target - Jersey Mike’s: Jersey Mike’s is a premier fast-casual franchisor specializing in fresh-sliced, freshly grilled submarine sandwiches. With over 3,000 locations open or in development, the brand is renowned for quality and community giving.
Honeywell to Sell Personal Protective Equipment Business to Protective Industrial Products
Background/Synergies/Context: Honeywell has agreed to sell its Personal Protective Equipment (PPE) business to Protective Industrial Products, backed by Odyssey Investment Partners. The transaction will simplify Honeywell’s portfolio, allowing it to focus on its core growth areas of automation, aviation, and energy transition. The PPE business will benefit from Odyssey’s expertise in scaling PPE companies, accelerating its expansion into new products, geographies, and markets.
Payment Profile: ALL CASH TRANSACTION - The deal is valued at $1.325 billion. The sale is expected to close in the first half of 2025, subject to customary conditions.
Advisors: Financial advisors have not been disclosed.
Industry: Industrials
About the Acquirer - Protective Industrial Products: Protective Industrial Products is a global manufacturer and supplier of PPE solutions, focused on delivering head-to-toe safety products to diverse end markets.
About the Target - Honeywell Personal Protective Equipment: Honeywell’s PPE business offers a comprehensive portfolio of protective solutions for industrial workers, supported by a global manufacturing and distribution footprint.
About the Seller - Honeywell: Honeywell is a global leader focused on automation, aviation, and energy transition, providing solutions across Aerospace Technologies, Industrial Automation, and Energy and Sustainability Solutions.
DT Midstream to Acquire Three Natural Gas Pipelines from ONEOK
Background/Synergies/Context: DT Midstream has announced the acquisition of three FERC-regulated natural gas pipelines from ONEOK. These assets strategically enhance DT Midstream’s presence in the Midwest, connecting key demand centers and strengthening its natural gas infrastructure. The deal is expected to drive long-term revenue growth and expand DT Midstream’s pipeline segment.
Payment Profile: ALL CASH TRANSACTION - The $1.2 billion acquisition is financed through $900 million in debt and $300 million in common equity. The transaction is projected to close by early 2025, subject to regulatory approvals, and represents a 10.5x 2025 EBITDA multiple.
Advisors: BARCLAYS acted as exclusive financial advisor to DT Midstream. Financial advisors to ONEOK have not been disclosed.
Industry: Energy
About the Acquirer - DT Midstream: DT Midstream owns and operates natural gas transportation and storage infrastructure across the U.S. and Canada. The company is committed to achieving net-zero greenhouse gas emissions by 2050.
About the Seller - ONEOK: ONEOK specializes in midstream services, focusing on natural gas and natural gas liquids infrastructure and operations across the U.S.
Piedmont Lithium and Sayona Mining to Merge
Background/Synergies/Context: Piedmont Lithium and Sayona Mining will merge to create a leading North American lithium producer through an all-stock merger. The transaction simplifies corporate structures, aligns economics, and unlocks potential for a brownfield expansion of North American Lithium (NAL). The combined entity, MergeCo, will enhance strategic flexibility, benefit from synergies, and strengthen its balance sheet to support growth projects and capitalize on the increasing demand for lithium products.
Payment Profile: ALL STOCK TRANSACTION - Piedmont and Sayona shareholders will hold approximately 50% each in MergeCo immediately post-merger on a fully diluted basis. The combined entity is valued at approximately $623 million. The merger includes equity raisings aggregating to approximately $99 million, with $27 million from each company and a conditional $45 million placement to Resource Capital Fund VIII. The transaction is expected to close in the first half of 2025, subject to shareholder and regulatory approvals.
Advisors: J.P. MORGAN acted as exclusive financial advisor to Piedmont Lithium. For Sayona Mining, MORGAN STANLEY served as sole financial advisor.
Industry: Mining/Lithium
About Piedmont Lithium: Piedmont Lithium is a U.S.-based lithium producer developing a multi-asset business to support the clean energy transition. Its projects span North America, including the Carolina Lithium project and partnerships in Quebec and Ghana.
About Sayona Mining: Sayona Mining is a North American lithium producer with projects in Quebec and Western Australia. Its portfolio includes North American Lithium and a strategic partnership with Piedmont.
Mediaocean to Acquire Innovid
Background/Synergies/Context: Mediaocean has acquired Innovid to integrate its capabilities with Flashtalking and establish a premier global omnichannel ad tech platform. The transaction aims to provide advertisers with better control, transparency, and efficiency, offering an independent alternative to Big Tech platforms. This merger will enhance workflows and empower advertisers to optimize their media investments across digital, social, CTV, and linear TV. Combining Innovid’s expertise with Mediaocean’s infrastructure will drive innovation and growth for brands and agencies.
Payment Profile: ALL CASH TRANSACTION - The deal is valued at approximately $500 million in enterprise value, equating to $3.15 per share of Innovid common stock, with an equity value of approximately $525 million. The transaction yields an EV/2023 Adjusted EBITDA multiple of 25.7x. The acquisition is expected to close in early 2025. No material earnouts or additional contingencies were disclosed.
Advisors: DEUTSCHE BANK acted as exclusive financial advisor to Mediaocean. For Innovid, EVERCORE served as sole financial advisor.
Industry: Advertising Technology
About the Acquirer - Mediaocean: Mediaocean is a leader in omnichannel advertising technology, helping brands and agencies optimize media investments through enhanced transparency and efficiency.
About the Target - Innovid: Innovid specializes in ad creation, delivery, and optimization, particularly in connected TV and digital channels, enabling advertisers to innovate and engage with consumers effectively.
NW Natural Holdings to Acquire SiEnergy
Background/Synergies/Context: NW Natural Holdings has announced the acquisition of SiEnergy Operating, a fast-growing natural gas utility. This acquisition strengthens NW Natural’s presence in the high-growth Texas Triangle region, encompassing Houston, Dallas, and Austin. SiEnergy's regulated business model and contracted customer backlog of over 180,000 provide significant opportunities for future growth and align with NW Natural’s strategic focus on expanding essential utility services.
Payment Profile: ALL CASH TRANSACTION - The deal is valued at $425 million, comprising $273 million in cash and $152 million in assumed debt, with the cash portion financed through junior subordinated notes expected in the first half of 2025. The transaction is expected to close in the first quarter of 2025, subject to customary closing conditions, including Hart-Scott-Rodino antitrust clearance.
Advisors: J.P. MORGAN served as exclusive financial advisor to NW Natural Holdings. For SiEnergy, RBC CAPITAL MARKETS acted as sole financial advisor.
Industry: Utilities/Natural Gas
About the Acquirer - NW Natural Holdings: NW Natural Holdings operates natural gas, water, and renewable energy utilities across the United States, serving over 2 million customers. The company is recognized for its commitment to safety, environmental stewardship, and customer satisfaction.
About the Target - SiEnergy: SiEnergy is a rapidly growing natural gas utility serving approximately 70,000 customers in Texas's high-demand metropolitan areas. Its strong growth trajectory is supported by a regulated business model and a substantial contracted customer base.
Hudson Acquisition I Corp. to Merge with Aiways Europe
Background/Synergies/Context: Hudson Acquisition I Corp. has entered into a business combination agreement with Aiways Europe, which focuses on battery electric vehicles (BEVs) for the European market. This transaction will provide Aiways Europe with access to the capital markets via a Nasdaq listing under the newly formed holding company, EuroEV. The partnership aims to leverage Aiways Europe’s established distribution network, cost-efficient sourcing, and innovative local production capabilities to expand in the maturing European BEV market.
Payment Profile: The transaction values Aiways Europe at a pre-combination equity valuation of $410 million, subject to adjustments. Following the business combination, EuroEV will issue new shares to acquire the outstanding shares of both Hudson Acquisition I Corp. and Aiways Europe. The deal is subject to customary conditions, including regulatory approvals and Nasdaq listing approval.
Advisors: Financial advisors have not been disclosed.
Industry: Automotive/Electric Vehicles
About Aiways Europe: Headquartered in Munich, Aiways Europe develops, sells, and services BEVs across Europe. Since 2020, it has sold approximately 6,000 vehicles and established a robust distribution network, supported by efficient global sourcing and over-the-air update capabilities.
About Hudson Acquisition I Corp.: Hudson Acquisition I Corp. is a blank-check company focused on identifying and merging with promising businesses across various industries and regions.
Elders to Acquire Delta Agribusiness
Background/Synergies/Context: Elders has entered into an agreement to acquire Delta Agribusiness, a leading Australian agribusiness provider. The acquisition strengthens Elders’ product and service range, especially in retail markets and farm advisory services. Delta’s expertise in agronomy, precision agriculture, and farm inputs will complement Elders’ technical services and enhance its offering for rural and regional customers. Elders expects EBITDA synergies of $12 million before one-off implementation costs, to be realised over the course of three years.
Payment Profile: ALL CASH TRANSACTION - The transaction is valued at A$475 million ($309 million), excluding A$21 million in transaction costs and A$19 million in lease liabilities. The purchase price includes adjustments for working capital and debt. Completion is expected in H1 2025, pending ACCC clearance and other customary conditions.
Advisors: MACQUARIE is serving as exclusive financial advisor to Elders. For Delta, UBS is acting as sole financial advisor.
Industry: Agribusiness
About the Acquirer - Elders: Elders is a leading Australian agribusiness providing a range of products, services, and advice to rural and regional customers across the country. Its operations focus on enhancing agricultural outcomes through innovation and trusted expertise.
About the Target - Delta Agribusiness: Delta Agribusiness is an Australian agribusiness offering farm inputs, crop protection, animal health products, and farm advisory services through 68 locations and a network of wholesale customers.
Robinhood to Acquire TradePMR
Background/Synergies/Context: Robinhood will acquire TradePMR, a leading custodial and portfolio management platform for Registered Investment Advisors (RIAs), with over $40 billion in assets under administration. This strategic acquisition will expand Robinhood’s wealth management capabilities and connect its growing customer base to fiduciary advisors. Robinhood aims to integrate TradePMR’s innovative platform with its technology to provide a seamless advisory experience. The partnership will position Robinhood to address the evolving needs of its predominantly Millennial and Gen Z customer base.
Payment Profile: The transaction, valued at approximately $300 million, will consist of a mix of cash and stock, subject to customary purchase price adjustments. The deal is expected to close in the first half of 2025, pending regulatory approvals.
Advisors: CITI served as exclusive financial advisor to Robinhood. LAZARD acted as sole financial advisor to TradePMR.
Industry: Financial Services/Wealth Management
About the Acquirer - Robinhood: Robinhood is a pioneering financial technology company with over 24 million funded customer accounts. Focused on empowering investors, Robinhood offers a platform for self-directed investments and is expanding its offerings to include wealth management.
About the Target - TradePMR: TradePMR is a leading RIA custodial and portfolio management platform that supports over 350 firms with its innovative Fusion platform. Known for its high-touch service, TradePMR has driven growth by providing cutting-edge tools for RIAs to manage client assets.Top of FormBottom of Form
N‑able to Acquire Adlumin
Background/Synergies/Context: N‑able has acquired Adlumin, a provider of enterprise-grade security operations platforms. This acquisition strengthens N‑able’s cybersecurity offerings by integrating Adlumin’s cloud-native XDR and MDR capabilities into N‑able’s platform, enhancing security intelligence across IT environments. The deal expands N‑able’s ability to offer comprehensive security, endpoint management, and data protection solutions, providing deeper insights and remediation for its customers.
Payment Profile: The total consideration includes $100 million in cash at closing, 1,570,762 shares of N‑able’s common stock, $120 million in cash installments over two years, and up to $30 million in earn-out payments based on performance metrics. The transaction is expected to be accretive to N‑able’s annual recurring revenue (ARR) and cash flow by the fourth quarter of 2025.
Advisors: PIPER SANDLER served as exclusive financial advisor to Adlumin. Financial advisors have not been disclosed for N‑able.
Industry: Technology/Cybersecurity
About the Acquirer - N‑able: N‑able is a global software company providing IT services, security, remote monitoring, and data protection solutions for service providers.
About the Target - Adlumin: Adlumin offers enterprise-grade security through its innovative Security Operations as a Service platform. The company’s solutions provide agnostic integration with existing tech stacks, empowering businesses of all sizes to enhance their digital security capabilities.
Kpler to Acquire Spire Maritime
Background/Synergies/Context: Kpler has announced the acquisition of Spire Maritime, a leader in satellite-powered global vessel tracking. The deal enhances Kpler's maritime data capabilities by integrating Spire’s advanced AIS technology with Kpler’s terrestrial AIS network, offering comprehensive visibility into global shipping. This acquisition strengthens Kpler’s position in the trade intelligence market and supports its mission to deliver superior real-time analytics for better decision-making in interconnected global supply chains.
Payment Profile: The transaction is valued at $241 million, yielding an EV/projected 2024 revenue multiple of 1.67x. The acquisition is expected to close by Q1 2025, subject to customary conditions.
Advisors: EVERCORE is serving as exclusive financial advisor to Spire. Financial advisors to Kpler have not been disclosed.
Industry: Data/Analytics
About the Acquirer - Kpler: Kpler is a leading data and analytics platform focused on trade intelligence, providing real-time insights across commodity markets and global supply chains. Its comprehensive solutions help businesses make informed, data-driven decisions.
About the Target - Spire Maritime: Spire Maritime, a division of Spire Global, specializes in satellite-powered data and AIS technology, delivering precise, real-time vessel tracking and maritime analytics. Its services are integral to optimizing maritime operations worldwide.
Helen of Troy to Acquire Olive & June
Background/Synergies/Context: Helen of Troy has entered into a definitive agreement to acquire Olive & June, a fast-growing, innovative nail care brand. This acquisition aligns with Helen of Troy’s strategy to expand its beauty portfolio with a high-margin, consumer-driven brand. Olive & June’s strong growth, omni-channel presence, and complementary products are expected to accelerate Helen of Troy’s revenue and market reach.
Payment Profile: ALL CASH TRANSACTION - The total purchase price is $240 million, including a $15 million earnout contingent on performance over three years. The deal implies a multiple of less than 11x estimated 2025 adjusted EBITDA before synergies. The transaction is expected to close by year-end 2024, pending customary regulatory approvals.
Advisors: Financial advisors have not been disclosed.
Industry: Beauty/Nail Care
About the Acquirer - Helen of Troy: Helen of Troy is a global consumer products company with a diverse portfolio of trusted brands, including OXO, Hydro Flask, Revlon, and Drybar. Its focus spans beauty, wellness, and home products.
About the Target - Olive & June: Olive & June is a leading nail care brand delivering salon-quality DIY nail solutions across polish, tools, and treatments. The brand is known for its innovation and strong digital engagement.
Amundi to Acquire Aixigo
Background/Synergies/Context: Amundi has announced the acquisition of Aixigo, a German technology company specializing in modular services for distributors of savings solutions. The acquisition enhances Amundi’s technology offerings, particularly in wealth management and financial advisory solutions. Aixigo’s API-driven platform will complement Amundi Technology’s solutions, broadening client and geographic coverage, especially in Germany, Switzerland, and the UK. The transaction is expected to deliver a return on investment of nearly 10% after three years and above 12% after four years.
Payment Profile: ALL CASH TRANSACTION -The transaction is valued at €149 million ($157 million), net of cash on Aixigo's balance sheet.
Advisors: Financial advisors have not been disclosed.
Industry: Technology/Wealth Management
About the Acquirer - Amundi: Amundi is a leading global asset manager and technology solutions provider, offering a wide range of services for portfolio management, employee savings, wealth management, and asset servicing.
About the Target - Aixigo: Aixigo is a German wealthtech company that provides API-based platforms for banks and financial intermediaries to enhance wealth management capabilities.
Tiger Brands to Sell Baby Wellbeing Business (Excluding Purity)
Background/Synergies/Context: Tiger Brands will divest its Baby Wellbeing business, excluding the Purity brand, as part of its portfolio simplification strategy. The company deemed the Baby Wellbeing segment a poor financial and strategic fit, allowing it to focus on its core Baby Nutrition business. The transaction provides an opportunity for the buyer to expand its footprint in baby toiletries and medicinal products under established brands.
Payment Profile: The transaction is valued at 605 million rand ($33.4 million), with an additional 25 million rand for related inventories.
Advisors: Financial advisors have not been disclosed.
Industry: Consumer Goods/Personal Care
About the Acquirer - Undisclosed: The acquirer has not been disclosed.
About the Target - Baby Wellbeing Business: Tiger Brands' Baby Wellbeing business includes baby toiletries under the Elizabeth Anne's brand and medicinal products like Muthi Wenyoni, Telament colic drops, and Antipeol skin cream.
About the Seller - Tiger Brands: Tiger Brands is South Africa's largest food producer, known for its diverse portfolio spanning food and personal care products. The company is focused on its core Baby Nutrition business, anchored by its Purity brand.
CV Sciences to Acquire Extract Labs
Background/Synergies/Context: CV Sciences acquired Extract Labs to expand its footprint in the cannabinoid wellness market. This strategic investment enhances CV Sciences' product offerings and provides operational synergies through in-house manufacturing capabilities. The acquisition is expected to drive revenue growth, optimize production processes, and strengthen supply chain control. Extract Labs’ established customer base and profitable operations align with CV Sciences’ growth strategy.
Payment Profile: The deal includes a $400,000 cash payment, $1 million in CV Sciences’ common stock based on a 60-day VWAP, and up to $600,000 in additional shares contingent on Extract Labs achieving revenue targets over two years. The acquisition is expected to close in Q1 2025, subject to customary conditions.
Advisors: Financial advisors have not been disclosed.
Industry: Wellness/Consumer Goods
About the Acquirer - CV Sciences: CV Sciences is a leading wellness company specializing in hemp extracts and science-backed nutraceuticals. Its flagship brand, +PlusCBD, is a market leader in the natural products industry.
About the Target - Extract Labs: Extract Labs is a manufacturer of premium cannabinoid products, offering tinctures, gummies, and topicals through B2B and B2C channels. It is GMP-certified, FDA-registered, and known for operational flexibility.
Molex to Acquire AirBorn
Background/Synergies/Context: Molex has announced an agreement to acquire AirBorn, a provider of rugged connectors and electronic components for aerospace, defense, and other critical industries. This acquisition strengthens Molex’s position in the $5 billion aerospace and defense interconnect market by combining its global scale and engineering expertise with AirBorn’s specialized products and mission-critical capabilities. The combined entity aims to deliver enhanced solutions to meet the evolving demands of its customers in these markets.
Payment Profile: The transaction terms, including the purchase price, have not been disclosed. The acquisition is expected to close by early December 2024, subject to regulatory approvals and customary conditions.
Advisors: EVERCORE acted as exclusive financial advisor to Molex. For AirBorn, WELLS FARGO served as sole financial advisor.
Industry: Aerospace/Defense
About the Acquirer - Molex: Molex is a global leader in connectivity and electronics solutions, providing transformative technologies across industries such as automotive, healthcare, industrial automation, and 5G.
About the Target - AirBorn: AirBorn specializes in rugged connectors and electronic components, serving aerospace, defense, and other high-reliability markets. With over 60 years of experience, AirBorn’s products are trusted in mission-critical applications requiring exceptional performance and reliability.
Nordic Capital to Acquire Anaqua from Astorg
Background/Synergies/Context: Nordic Capital has acquired Anaqua, a global leader in intellectual property management solutions, from Astorg. This strategic investment aims to drive Anaqua’s continued growth by enhancing its technology platform and expanding its global presence. The partnership leverages Nordic Capital’s expertise in supporting transformative growth, helping Anaqua address evolving IP management needs. This transaction reinforces Anaqua’s position as a market leader while enabling further innovation in IP management technology.
Payment Profile: The financial terms of the transaction have not been disclosed. Subject to regulatory and antitrust approvals, the transaction is expected to close by Q1 2025.
Advisors: WILLIAM BLAIR acted as exclusive financial advisor to Nordic Capital. For Astorg, ARMA PARTNERS and JEFFERIES served as financial advisors.
Industry: Intellectual Property Management
About the Acquirer - Nordic Capital: Nordic Capital is a leading private equity investor with a focus on healthcare, technology, and industrial growth, driving innovation and sustainability in its portfolio companies. It has extensive experience investing in software companies and supporting transformative growth.
About the Target - Anaqua: Anaqua provides integrated SaaS solutions for managing intellectual property, serving blue-chip corporations and law firms globally. Its platform combines workflows, analytics, and renewal services to streamline IP strategy and operations.
About the Seller - Astorg: Astorg is a global private equity firm specializing in supporting growth in market-leading businesses. It has been instrumental in Anaqua’s expansion and strategic development.
Apollo Acquires Majority Stake in The State Group from Blue Wolf Capital
Background/Synergies/Context: Apollo has acquired a majority stake in The State Group, with Blue Wolf Capital retaining a minority share. The investment aligns with Apollo’s focus on energy transition and sustainability, leveraging TSG's expertise in decarbonization and energy efficiency. This partnership aims to enhance TSG's growth in industrial markets and expand its services to meet evolving customer needs. Apollo’s resources and strategic guidance are expected to drive innovation and scalability.
Payment Profile: Financial terms of the deal were not disclosed. The transaction was structured to include contributions from Apollo's Impact and Clean Transition funds.
Advisors: MOELIS & CO. acted as exclusive financial advisor to The State Group. Financial advisors have not been disclosed for Apollo.
Industry: Industrial Services
About the Acquirer - Apollo: Apollo is a global alternative asset manager with a focus on yield, hybrid, and equity strategies. It invests in businesses that deliver financial returns and create meaningful social and environmental impact.
About the Target - The State Group: The State Group is a leading provider of multi-trade services, including electrical, mechanical, and automation solutions, with a strong presence in industrial end markets across North America.
About the Seller - Blue Wolf Capital: Blue Wolf Capital is a private equity firm specializing in transforming businesses in healthcare, manufacturing, and industrial services. It will remain a minority stakeholder in The State Group.
GE Vernova to Acquire Gas Turbine Combustion Parts Business from Woodward
Background/Synergies/Context: GE Vernova has signed an agreement to acquire Woodward’s heavy-duty gas turbine combustion parts business. This acquisition strengthens GE Vernova’s U.S. energy supply chain and enhances its ability to meet growing demand for gas turbines and upgrades. By integrating Woodward’s Greenville, S.C., operations, GE Vernova aims to bolster its manufacturing capabilities while supporting electrification and domestic energy production. This move aligns with the company’s commitment to the industry and local community.
Payment Profile: Financial terms of the transaction have not been disclosed. The deal involves GE Vernova acquiring all assets related to Woodward’s Greenville site, which primarily supplies parts to GE Vernova. The transaction is expected to close in early 2025, contingent on regulatory and closing conditions.
Advisors: Financial advisors have not been disclosed.
Industry: Energy/Industrial Manufacturing
About the Acquirer - GE Vernova: GE Vernova is a leading provider of energy solutions, with a focus on gas turbines and energy transition technologies. It has a longstanding presence in Greenville, S.C., with expertise in manufacturing and engineering.
About the Target - Woodward (Gas Turbine Combustion Parts Business): Woodward’s Greenville-based business specializes in heavy-duty gas turbine combustion parts, nearly all of which support GE Vernova’s operations.
About the Seller - Woodward: Woodward is a global leader in energy conversion and control solutions for aerospace and industrial markets, committed to enabling a clean energy future.
Succession Wealth to Acquire True Wealth Group
Background/Synergies/Context: Succession Wealth has acquired True Wealth Group, marking its third acquisition of 2024 and fifth under Aviva’s ownership. This deal brings £1.1bn in assets under advice, expanding Succession Wealth’s presence in the UK and marking its first entry into Northern Ireland. The acquisition aligns with Succession’s strategy to grow its footprint and establish itself as a leading independent national wealth-planning firm while ensuring long-term security for clients.
Payment Profile: Financial terms of the transaction have not been disclosed.
Advisors: Financial advisors have not been disclosed.
Industry: Financial Services/Wealth Management
About the Acquirer - Succession Wealth: Succession Wealth is a leading independent financial planning and wealth management firm focused on delivering long-term value and security for clients.
About the Target - True Wealth Group: True Wealth Group is a financial planning and wealth management firm managing £1.1bn in assets, with operations spanning five offices across the UK.
Henry Schein to Acquire Acentus
Background/Synergies/Context: Henry Schein has signed an agreement to acquire Acentus, a national supplier specializing in Continuous Glucose Monitors (CGMs). This acquisition strengthens Henry Schein’s homecare medical products platform and supports its strategy of expanding in the home healthcare market, following its previous acquisitions of Prism Medical Products, Shield Healthcare, and Mini Pharmacy. By acquiring Acentus, Henry Schein enhances its ability to deliver CGMs directly to patients’ homes, expanding its offering in a growing market.
Payment Profile: Financial terms of the transaction have not been disclosed.
Advisors: PROVIDENT HEALTHCARE PARTNERS acted as exclusive financial advisor to Acentus.
Industry: Healthcare/Medical Supplies
About the Acquirer - Henry Schein: Henry Schein is the world’s largest provider of healthcare solutions to office-based dental and medical practitioners.
About the Target - Acentus: Acentus is a national supplier based in Tampa, Florida, specializing in the delivery of Continuous Glucose Monitors (CGMs).
BioStem Technologies to Acquire Wound Care Products and Technologies from ProgenaCare Global
Background/Synergies/Context: BioStem Technologies has signed a Letter of Intent to acquire wound care products from ProgenaCare Global. The acquisition aligns with BioStem's strategy to expand its portfolio in advanced wound care solutions and enhance its market position in the hospital and homecare sectors. ProgenaCare’s 510(k) cleared products and proprietary technologies will integrate seamlessly with BioStem’s existing infrastructure, offering a wider range of therapeutic options for chronic wounds and active healing.
Payment Profile: The transaction is subject to regulatory approvals and board consent, with definitive agreements expected within 60 days. Financial terms have not been disclosed.
Advisors: Financial advisors have not been disclosed.
Industry: MedTech
About the Acquirer - BioStem Technologies: BioStem Technologies is a MedTech company focused on developing and commercializing placental-derived biologics for regenerative therapies.
About the Seller - ProgenaCare Global: ProgenaCare is a medical device company specializing in advanced wound care solutions, particularly through its ProgenaMatrix® and revyve™ products.
Arthur J. Gallagher & Co. Acquires THB Chile
Background/Synergies/Context: Arthur J. Gallagher & Co. has acquired THB Chile, a Santiago-based retail insurance broker. This acquisition enhances Gallagher’s presence in Chile, expanding its retail and reinsurance brokerage operations. THB Chile’s market expertise and client base complement Gallagher’s existing business, strengthening its capabilities in property/casualty, life and health benefits, and reinsurance services in the region.
Payment Profile: Terms of the transaction were not disclosed.
Advisors: Financial advisors have not been disclosed.
Industry: Insurance
About the Acquirer - Arthur J. Gallagher: Arthur J. Gallagher & Co. is a global insurance brokerage and risk management services firm.
About the Target - THB Chile: THB Chile is a retail insurance broker offering property/casualty, life and health benefits, and reinsurance services to clients across Chile.
Moody’s to Acquire Numerated Growth Technologies
Background/Synergies/Context: Moody’s Corporation has acquired Numerated Growth Technologies, a leading loan origination platform for financial institutions. This acquisition enhances Moody’s Lending Suite by adding a comprehensive, end-to-end loan origination and monitoring solution. The integration of Numerated’s technology will accelerate Moody’s ability to provide customers with data-driven, AI-powered lending solutions, streamlining the loan application, decision-making, and closing processes.
Payment Profile: Financial terms of the transaction were not disclosed.
Advisors: Financial advisors have not been disclosed.
Industry: Financial Services/Technology
About the Acquirer - Moody’s Corporation: Moody’s is a global leader in providing data, insights, and innovative technologies that help customers manage interconnected risks.
About the Target - Numerated Growth Technologies: Numerated Growth Technologies is a loan origination platform that enhances the lending process for financial institutions using artificial intelligence and data.
Accenture to Acquire Award Solutions
Background/Synergies/Context: Accenture has acquired Award Solutions, a provider of training and consulting services in advanced wireless and network technologies, including 5G, IoT, and cloud-based solutions. This acquisition strengthens Accenture LearnVantage, enhancing its ability to offer specialized training in cutting-edge technologies like AI, 5G, and cloud solutions. The integration will provide telecom and technology professionals with advanced skills needed to excel in the rapidly evolving digital landscape.
Payment Profile: Terms of the transaction were not disclosed.
Advisors: Financial advisors have not been disclosed.
Industry: Technology/Telecommunications
About the Acquirer - Accenture: Accenture is a global leader in providing consulting, technology services, and outsourcing solutions, helping organizations accelerate their digital transformation.
About the Target - Award Solutions: Award Solutions is a training and consulting provider specializing in advanced wireless and network technologies.Top of Form
Investcorp and PSP Investments to Acquire PKF O’Connor Davies
Background/Synergies/Context: Investcorp, in partnership with PSP Investments, has acquired a majority stake in PKF O’Connor Davies, one of the largest accounting, tax, and advisory firms in the US. This acquisition aims to support PKFOD’s growth ambitions by enhancing its service offerings, expanding its M&A activity, and investing in cutting-edge technology. The partnership will strengthen PKFOD’s market position and amplify its long-term sustainability, enabling it to compete more effectively in the professional services sector.
Payment Profile: Financial terms of the transaction have not been disclosed.
Advisors: Financial advisors have not been disclosed.
Industry: Professional Services
About the Acquirer - Investcorp: Investcorp is a global leader in alternative investments, with a history of backing ambitious professional services firms. Notable investments include AlixPartners, ICR, and United Talent Agency.
About the Acquirer - PSP Investments: PSP Investments is one of Canada's largest pension investment managers, partnering with global firms to drive strategic growth and create value across industries.
About the Target - PKF O’Connor Davies: PKF O’Connor Davies is a prominent accounting, tax, and advisory firm in the US, known for its exceptional client service and strong track record of financial performance.
PepsiCo to Acquire Full Ownership of Sabra and Obela
Background/Synergies/Context: PepsiCo acquired the remaining 50% interest in Sabra and Obela, becoming the sole owner of both companies. This transaction strengthens PepsiCo’s presence in the refrigerated dips and spreads category, aligning with its strategy to offer nutritious, convenient food options. Sabra and Obela's established brands and consumer demand for fresh dips present opportunities for innovation and portfolio expansion. This move builds on PepsiCo’s longstanding investment in these brands since their formation as joint ventures.
Payment Profile: The financial terms of the transaction were not disclosed. The deal is subject to customary closing conditions and is expected to close by the end of 2024.
Advisors: Financial advisors have not been disclosed.
Industry: Food/Beverages
About the Acquirer - PepsiCo: PepsiCo is a global leader in beverages and convenient foods, with a diverse portfolio of iconic brands, including Lay’s, Gatorade, and Pepsi-Cola.
About the Target - Sabra and Obela: Sabra is a leading hummus brand with nearly $400 million in U.S. retail sales, while Obela operates in Australia, New Zealand, and Mexico, offering fresh dips and spreads.Bottom of Form
Applied Industrial Technologies to Acquire Hydradyne
Background/Synergies/Context: Applied Industrial Technologies acquired Hydradyne to strengthen its Engineered Solutions segment and enhance its technical capabilities in fluid power and motion control. The acquisition expands Applied’s footprint in the Southeastern U.S. and allows cross-selling opportunities across fluid power, flow control, and automation technologies.
Payment Profile: Financial terms of the transaction have not been disclosed.
Advisors: Financial advisors have not been disclosed.
Industry: Industrials
About the Acquirer - Applied Industrial Technologies: Applied Industrial Technologies is a leading distributor and technical solutions provider for industrial motion, fluid power, and automation technologies.
About the Target - Hydradyne: Hydradyne is a premier distributor of fluid power solutions, specializing in hydraulics, pneumatics, and motion control systems.