Every deal we've covered

Parkway Electric & Communications has transitioned to 100% employee ownership through an ESOP, ending nearly 24 years of Huizenga Group ownership after the sponsor weighed a third-party sale.

Battery-tech firm Solidion Technology published an open letter to Flux Power shareholders proposing an all-cash acquisition, acknowledging resistance from Flux's board and management and that its non-binding interest sits below Flux's last close.

H.I.G. Capital completed the acquisition of Arco Limited, the UK's largest safety equipment distributor, founded in 1884 and serving infrastructure, defence, utilities and healthcare customers.

Vortex Companies acquired the business and operating assets of UK trenchless rehabilitation contractor Torrent Drainage Services, expanding the field capabilities of its McAllister unit ahead of the AMP8 water investment cycle.

Finland's MV-Jäähdytys, part of Nordic Climate Group, agreed to acquire the refrigeration service business of Ylitornio-based Lapin Kylmätekniikka, adding a six-person local team in Lapland.

nVent Electric has completed its purchase of Maverick Power for $1.75 billion in cash, subject to customary adjustments, with up to $550 million in additional consideration tied to 2027 and 2028 performance targets. McKinney, Texas-based Maverick builds engineered power distribution and infrastructure systems for data centers and employs roughly 900 people across Texas and Arizona.

Finning International has acquired John F Hunt Power Group, one of the UK's larger specialist generator rental companies, with 145 employees, about 2,500 generator units and six depots providing nationwide 24/7 coverage. Terms were not disclosed. Finning said the deal is projected to more than triple its power rental revenue in the UK and Ireland.

Solidion Technology said it intends to pursue an all-cash acquisition of Nasdaq-listed Flux Power Holdings and issued an open letter to Flux shareholders after what it described as resistance from Flux's board and management. Solidion acknowledged its non-binding indication of interest is priced below Flux's prior closing price once accounting adjustments are considered, arguing shareholders face dilution from pending stock issuance. It also warned a proposed $4 million financing facility would be worse for holders.

Caterpillar entered into an agreement to acquire John Fabick Tractor Company, a Cat dealer of more than 100 years covering parts of Missouri and Illinois, all of Wisconsin and Michigan's Upper Peninsula. The transaction requires regulatory approval and is expected to close within 30 days. Caterpillar framed the deal as supporting a seamless ownership transition while preserving local service.

MT Højgaard Danmark agreed to acquire 100% of Nordisk Fundering for DKK 52 million enterprise value, including a DKK 16 million earn-out, pending competition approval and expected to close in Q4 2026.

Optikos acquired Omega Optical, a precision optical coatings and components maker, uniting design, fabrication, coating and metrology under one owner; David Cooper becomes CEO of the combined company.

AGS American Glass Services, a Sterling Group portfolio company, completed the acquisition of Elgin, Illinois-based commercial glazing contractor Mark Industries, extending its footprint into Chicago.

Spark I Acquisition Corporation will make a one-time $0.10 per share trust contribution after shareholders approved extending its deadline to complete a business combination with ZincFive to March 29, 2027.

H.I.G. Capital, which manages $75 billion in capital, said an affiliate has completed the acquisition of Arco Limited, the UK's leading distributor of safety equipment and a provider of on-site safety services to infrastructure, defense, utilities and healthcare customers. Founded in 1884, Arco plans to broaden its product and service range, invest in digital and pursue bolt-on acquisitions in the UK and abroad. Terms were not disclosed.

Petrus Advisers, holder of about 3.8% of Iveco Group, published a presentation arguing Tata Motors' all-cash voluntary tender offer at €14.10 per share does not represent fair value. The activist says the price undervalues Iveco versus peers, hands shareholders too little of the synergies Tata has touted to its own investors, and fails to compensate for the 15-month gap between announcement and expected closing.

Gates Industrial closed its acquisition of The Timken Company's belts business and select manufacturing assets, including a plant in San Jose Iturbide, Mexico; terms were not disclosed.

Colson Group acquired Algood Caster Innovations, a Toronto-area manufacturer of industrial and specialty casters and wheels founded in 1969, expanding its North American manufacturing footprint.

Vortex Companies acquired Cincinnati-based Municipal & Contractors Sealing Products, a trenchless pipeline, manhole and culvert rehabilitation provider, expanding its geotechnical services platform in the Midwest.

Control systems maker SJE acquired Wilson Controls, a Lee, New Hampshire provider of PLC and SCADA integration and UL-listed control panels for water and wastewater customers.

France's Rexel has agreed to acquire GCG, a Chicago-based specialty wire, cable and connectivity distributor, from Audax Private Equity, with closing expected by year end. GCG runs 16 locations with about 950 employees and is expected to top $1.1 billion of revenue in 2026 at roughly an 11% EBITA margin. Terms were not disclosed. Solomon Partners and J.P. Morgan advised GCG and Audax; Guggenheim Securities and Rothschild advised Rexel.