Every deal we've covered

HR consulting and HRIS firm HR Path acquired SnapAI, a start-up specializing in AI and regulatory compliance, to accelerate its AI offerings.

Rochester Midland acquired ApHinity Technologies, a California provider of water footprint optimization and industrial air emissions treatment.

Innovative Refrigeration Systems, backed by CCMP Growth Advisors, bought blast-chiller maker QuickFreeze from Dan and Bob Tippmann.

Advantage Distribution Holdings acquired Wisconsin HVAC distributor Badger Metals, expanding to 17 locations across seven states.

Rensa Filtration acquired Aero Filter, a Detroit-area air filtration distribution and service company founded in 1978.

Kentucky American Water completed its $1.4 million purchase of the Black Mountain Utility District water and wastewater system in Harlan County.

Starbucks has been working with advisers on a possible takeover proposal for Chipotle Mexican Grill, the Financial Times reported. The report sent Chipotle shares up about 6%. Chipotle has more than $11B in annual U.S. system-wide sales, and Starbucks declined to comment.

Hexagon agreed to acquire Toronto-based Rocscience, a maker of geotechnical and engineering analysis software, from TA Associates and the company's founders at an enterprise value of about $535M. Rocscience will join Hexagon's Radar & Monitoring Division, and TA will fully exit its stake.

Grain Management agreed to sell 100% of its nationwide 800 MHz spectrum portfolio to SpaceX. Grain acquired the portfolio from T-Mobile in August. The spectrum will support satellite direct-to-device service for Starlink Mobile, and the deal is subject to FCC approval. Terms were not disclosed.

Asurion has completed its acquisition of Domestic & General, a UK-based appliance protection provider with partnerships with more than 100 brands, including Whirlpool, Sky and John Lewis. Financial terms were not disclosed.

China's Midea Group has completed its acquisition of a controlling stake in Esaote, a Genoa-based medical imaging company known for ultrasound and dedicated MRI. Esaote will join Midea Healthcare, operate independently and stay under CEO Franco Fontana. Terms were not disclosed.

AEA Investors' middle-market team and British Columbia Investment Management acquired Rensa Filtration, an Illinois-based maker of air filtration for data centers, power, semiconductor and healthcare uses, from Audax Private Equity. Audax and management keep minority stakes. Terms were not disclosed.

Japan's NX Group has completed its acquisition of Montreal-based third-party logistics provider Metro Supply Chain. Metro will keep its name and management in Canada, the U.S. and the UK, and founder Chiko Nanji stays on as Group Chairman. Terms were not disclosed.

Premiere Digital acquired Vubiquity, a media supply chain and content licensing business, from Amdocs, which is refocusing on its agentic AI strategy.

Online broker AvaTrade agreed to acquire the majority of FXCM Group's forex and CFD trading business; terms were not disclosed.

NielsenIQ's Australian unit crossed the 90% acceptance threshold in its off-market bid for The U Group, clearing the way for compulsory acquisition of remaining shares.

Pioneer Acquisition I Corp agreed to combine with Stockholm-based AI data center developer Green AI Cloud at a $300M pre-money equity value.

Matador Resources closed its purchase of about 13,600 net acres from EnCap-backed Ridge Runner Resources II.

Bigben Interactive sold subsidiary Bigben Connected to Modelabs for €35M at closing plus a roughly €13M vendor loan, amid accelerated safeguard proceedings.

Sienna Senior Living agreed to acquire Brighton Retirement & Active Living for about C$73.8M, plus a potential C$5M earnout.