Every deal we've covered

Apella Wealth added New York and Massachusetts-based Blue Spark Capital Advisors, expanding its Northeast presence.

Trivest-backed Total Sanitation Services acquired Tuscaloosa-based Spanky's Portable Toilets, entering Alabama.

Greensboro agency Spartan Marketing acquired web design firm Notion Design Group in a deal that closed in July; terms undisclosed.

Amazon is reportedly negotiating to acquire Decart.ai in a deal that could be worth up to $7 billion, according to the Wall Street Journal. A deal could come within days if talks hold and no rival suitor emerges. Decart, founded in 2023 by three Israeli engineers, raised $300 million at a $4 billion valuation in May. Its DOS software helps developers optimize AI models to run across different processors.

Nvidia is in early talks to acquire open-weight model developer Reflection AI or deepen its investment, the Financial Times reports. An agreement could come within weeks, though talks could still collapse. Options include an outright purchase, a larger stake paired with chip supply, or an acquihire that would likely avoid lengthy regulatory review. Nvidia has invested $800 million in Reflection, whose latest round closed at a $25 billion pre-money valuation.

Quantum computing company IonQ has signed a definitive agreement to acquire Elisity, a Zero Trust security company, in an all-stock transaction valued at up to $1.3 billion. The deal pairs IonQ's post-quantum cryptography and quantum key distribution capabilities with Elisity's enterprise Zero Trust platform.

Hospitality investment firm TKO has submitted a formal written offer to buy Service Properties Trust's entire hotel portfolio for $2.0 billion in cash. The offer is subject to definitive documentation and customary closing conditions. TKO says the deal would give SVC liquidity to cut debt and turn it into a pure-play net lease retail REIT.

India's Persistent Systems has secured about 94.04% of German digital engineering firm Nagarro after its voluntary takeover offer closed. Tendered shares totaled about 71.94%, on top of a 22.10% stake bought from Lantano Beteiligungen. That is well above the 50%-plus-one-share threshold. Having passed 90%, Persistent plans to squeeze out remaining minority holders and take Nagarro private.

A federal court in New York has issued a temporary restraining order that bars Cable One from acquiring the 55% of Mega Broadband Investments Holdings it does not already own. The order was entered on October 9. The suit was brought by CoBank, a lender under Cable One's existing credit agreement.

Alimentation Couche-Tard has signed a definitive agreement to acquire Irving Oil retail assets. The package includes 50 Québec sites and two Ontario sites that Couche-Tard already operates, plus 18 cardlock sites and fuel supply to 71 of its own Québec stores. The deal needs regulatory approval, including under the Competition Act.

NUBURU has received Italian Golden Power clearance and targets October 15 to close its purchase of a 70% controlling interest in Italian industrial firm Tekne.

XRP treasury company Evernorth closed its business combination with Armada Acquisition Corp. II, holding about 473 million XRP and roughly $300 million in gross cash proceeds.

Sopris Capital completed its purchase of AI imaging orchestration firm Blackford Analysis from Bayer and plans to combine it with portfolio company Azra AI.

ABL Texcell Diagnostics is acquiring IntegraGen's genomics and bioinformatics business and assets under an Évry Commercial Court ruling, as IntegraGen enters judicial liquidation.

Valerio Therapeutics completed its purchase of 100% of Etherna Immunotherapies NV, building an integrated targeted RNA platform.

Absolute Security acquired Phoenix Technologies' FirmGuard, a UEFI BIOS firmware security and management service, to extend its cyber resilience platform.

Real estate and financial technology company PLACE agreed to acquire Ardley, an AI-powered mortgage recapture and retention platform.

Agentic marketing platform Hightouch acquired Strata, an AI platform that connects marketing tools without code.

K-12 education company Carnegie Learning acquired writing instruction platform Ethiqly from Owl Ventures and Ethiqly management.

Constellation Cold Logistics bought Norwegian cold storage firm Impruv Logistics, adding 25,000 temperature-controlled pallet positions in Norway.