Buyout Acquisitions in 2025
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December 31, 2025
- Buyer
- J.C. Flowers & Co.
- Target
- Elephant Insurance Company, Elephant Insurance Services
- Seller
- Admiral Group plc
- Industry
- Insurance
- Location
- Virginia, United States
- Type
- Buyout
J.C. Flowers & Co., a private investment firm focused on financial services, has acquired Admiral Group’s U.S. motor insurance business—Elephant Insurance Company and Elephant Insurance Services—effective 31 December 2025. Admiral sold the business to focus on opportunities in the UK and continental Europe while J.C. Flowers plans to support Elephant’s growth in the U.S. personal auto market.
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December 31, 2025
- Buyer
- E.P. Gerber & Sons
- Target
- Solid Dimensions
- Seller
- Tim Parcher, Darla Parcher
- Industry
- Manufacturing
- Location
- Ohio, United States
- Type
- Buyout
E.P. Gerber & Sons has acquired Solid Dimensions, a Norwalk, Ohio-based maker of USA-made wooden promotional products. Solid Dimensions' co-founder Tim Parcher will remain as general manager during the transition and plans to retire after a leadership team is established; financial terms were not disclosed.
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December 31, 2025
- Buyer
- Wealth Enhancement
- Target
- Dent Wealth Advisors
- Industry
- Financial Services
- Location
- Louisiana, United States
- Type
- Buyout
Wealth Enhancement, a national independent wealth management firm, announced it will acquire Dent Wealth Advisors, an independent RIA based in Baton Rouge, Louisiana, managing more than $340 million in client assets. The deal is expected to close on December 31, 2025.
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- Buyer
- Cantor Fitzgerald, Cantor Fitzgerald Asset Management (CFAM)
- Target
- UBS O'Connor alternative investment platform, O'Connor (alternatives business within CFAM)
- Seller
- UBS
- Industry
- Financial Services
- Location
- New York, United States
- Type
- Buyout
Cantor Fitzgerald entered into a definitive agreement to acquire UBS’s O’Connor alternatives investment platform, which manages about $11 billion in invested assets across hedge funds, private credit, and commodities. O’Connor will operate as a distinct alternatives business within Cantor Fitzgerald Asset Management, with a long-term commercial arrangement between CFAM and UBS Asset Management.
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December 31, 2025
- Buyer
- Com Laude, PX3 Partners
- Target
- Markmonitor
- Seller
- Newfold Digital
- Industry
- IT Services
- Location
- Idaho, United States
- Type
- Buyout
Com Laude completed its acquisition of Markmonitor in a carve-out transaction from Newfold Digital. The deal combines both firms’ corporate domain services to create Markmonitor Group with an initial enterprise value of about $450 million, with operations supported by PX3 Partners.
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December 31, 2025
- Buyer
- Platinum Equity
- Target
- Owens & Minor Products & Healthcare Services (P&HS) business (including the Owens & Minor brand)
- Seller
- Owens & Minor, Inc.
- Industry
- Healthcare Services
- Location
- Virginia, United States
- Type
- Buyout
Platinum Equity completed the acquisition of Owens & Minor’s Products & Healthcare Services (P&HS) segment, creating a privately held standalone company operating under the Owens & Minor brand. The seller retained a 5% equity stake, and the acquired business is expected to be rebranded as Accendra Health, Inc. effective December 31, 2025.
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December 31, 2025
- Buyer
- Scrap Management Industries, Inc.
- Target
- Allmetal Recycling
- Seller
- Clint Cornejo
- Industry
- Industrial Services
- Location
- United States
- Type
- Buyout
Scrap Management Industries, Inc. (SMI) acquired Allmetal Recycling, a Kansas-based scrap metal recycler founded in 2009. The deal expands SMI’s footprint across Kansas with Allmetal’s 10 locations and adds capacity that supports SMI’s operation of multiple shredders across yards in Missouri, Kansas, and Oklahoma.
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- Buyer
- DigitalBridge Group, Inc., Crestview Partners
- Target
- WideOpenWest, Inc. (WOW!)
- Industry
- IT Services
- Location
- Florida, United States
- Type
- Buyout
DigitalBridge Group and Crestview Partners, through affiliated investment funds, completed their take-private acquisition of WideOpenWest (WOW!), a U.S. broadband provider. WOW! shareholders received $5.20 in cash per share in a transaction with an enterprise value of approximately $1.5 billion, and WOW! common stock is no longer traded on public exchanges.
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December 31, 2025
- Buyer
- Qvantel Oy
- Target
- Optiva Inc.
- Seller
- Optiva shareholders, Holders of Optiva 9.75% senior secured PIK notes (Noteholders)
- Industry
- Software
- Location
- Ontario, Canada
- Type
- Buyout
Qvantel Oy completed its acquisition of Optiva Inc. via a statutory plan of arrangement, acquiring all issued and outstanding common shares of Optiva. The transaction paid Optiva shareholders C$0.25 per common share, cancelled Optiva's US$108.6 million PIK notes with consideration to noteholders (including purchaser shares, purchaser-issued senior secured notes and warrants), and will result in Optiva being dissolved and delisted from the Toronto Stock Exchange. The combined company expands Qvantel's telecom monetization and digital operations portfolio and supports more than 70 operators with a global workforce exceeding 1,000 professionals.
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- Buyer
- Duravant, LLC
- Target
- Matthews Automation Solutions
- Seller
- Matthews International Corporation
- Industry
- Industrial Services
- Location
- United States
- Type
- Buyout
Duravant, LLC signed a definitive agreement to acquire Matthews Automation Solutions, a provider of Warehouse Execution System (WES) and Warehouse Control System (WCS) software, controls, and integration services. The acquisition is intended to expand Duravant’s material handling capabilities and enable end-to-end integrated warehouse lines for customers across ecommerce, retail, parcel, and logistics. The transaction is stated as closed on December 31, 2025, with Duravant paying $232.1 million total consideration.
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December 31, 2025
- Buyer
- Ellucian
- Target
- Anthology's Student Information Systems (SIS) and Enterprise Resource Planning (ERP) business
- Seller
- Anthology
- Industry
- Cloud & SaaS
- Location
- United States
- Type
- Buyout
Ellucian completed its acquisition of Anthology's Student Information Systems (SIS) and Enterprise Resource Planning (ERP) business, which Ellucian had been named the successful bidder to acquire during Anthology's Chapter 11 bankruptcy process. Ellucian will continue to deliver and maintain the existing SIS and ERP systems for continuity, while expanding access to its broader higher-education technology ecosystem.
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- Buyer
- Alliance Entertainment Holding Corporation
- Target
- Endstate
- Industry
- Cloud & SaaS
- Location
- Massachusetts, United States
- Type
- Buyout
Alliance Entertainment (NASDAQ: AENT) completed the acquisition of Endstate, effective December 31, 2025, acquiring all Endstate assets and forming a wholly owned subsidiary, Endstate Authentic LLC. The purchase brings Endstate's NFC- and blockchain-enabled product authentication technology and founders into Alliance to expand authenticated resale, digital product identity, and brand protection capabilities across Alliance's global distribution network.
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December 31, 2025
- Buyer
- Spectral Capital Corporation
- Target
- Telvantis Voice Services, Inc.
- Industry
- Telecommunications
- Location
- Florida, United States
- Type
- Buyout
Spectral Capital Corporation completed the acquisition of Telvantis Voice Services, Inc., effective December 31, 2025, in an all‑stock transaction (1,500,000 shares issued at closing plus up to 8,500,000 earn‑out shares tied to 2026 performance). Telvantis Voice, an enterprise-grade voice, routing and communications infrastructure platform, will be consolidated into Spectral's results as part of Spectral's strategy to assemble digital infrastructure businesses and pursue $450 million in profitable revenue in 2026.
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December 31, 2025
- Buyer
- Inszone Insurance Services
- Target
- Pikes Peak Insurance Agency
- Seller
- Chris Wood, Pikes Peak Insurance Agency
- Industry
- Insurance
- Location
- Colorado, United States
- Type
- Buyout
Inszone Insurance Services, a Sacramento-based full-service insurance broker, has acquired Pikes Peak Insurance Agency of Falcon, Colorado. The deal expands Inszone's Colorado presence and brings the locally trusted personal and commercial-lines agency and its founder Chris Wood into Inszone's national platform, with Wood remaining on-site to support continuity for clients.
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December 31, 2025
- Buyer
- Beacon Pointe Advisors
- Target
- Litman Gregory Wealth Management
- Seller
- iM Global Partner
- Industry
- Financial Services
- Location
- California, United States
- Type
- Buyout
Beacon Pointe Advisors has acquired Litman Gregory Wealth Management, a $2.7 billion registered investment adviser previously affiliated with iM Global Partner, in a deal that closed December 31, 2025. The acquisition expands Beacon Pointe's national footprint—strengthening its presence in Northern California and establishing a new office in Missouri—while adding an 18-person advisory team and specialist planning capabilities.
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December 31, 2025
- Buyer
- BigBear.ai
- Target
- Ask Sage, Inc.
- Industry
- Software
- Location
- Virginia, United States
- Type
- Buyout
BigBear.ai completed the acquisition of Ask Sage, a secure generative AI platform for defense and regulated environments, for $250 million in cash. The deal expands BigBear.ai's mission-ready AI portfolio by adding Ask Sage's secure generative AI workflows and agentic capabilities for government and regulated commercial customers.
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December 30, 2025
- Buyer
- Inszone Insurance Services
- Target
- Sample Insurance Group, LLC
- Industry
- Insurance
- Location
- Colorado, United States
- Type
- Buyout
Inszone Insurance Services has acquired Sample Insurance Group, LLC, an independent insurance agency headquartered in Monument, Colorado. The deal expands Inszone's presence in Colorado and gives Sample Insurance Group access to Inszone's broader carrier relationships, technology and resources while the Sample team remains in place.
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December 30, 2025
- Buyer
- Cvent
- Target
- ON24
- Seller
- ON24 shareholders
- Industry
- Software
- Location
- California, United States
- Type
- Buyout
ON24 entered into a definitive agreement to be acquired by Cvent in an all-cash transaction valued at approximately $400 million. The deal is expected to close in the first half of 2026, subject to ON24 stockholder approval and regulatory approvals.
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December 30, 2025
- Buyer
- ZenaTech, Inc.
- Target
- Holt Surveying & Mapping, Inc., Andrew Spiewak Land Surveyor, Inc., Unnamed Halifax-based commercial window washing company
- Industry
- Professional Services
- Location
- United States
- Type
- Buyout
ZenaTech, Inc. (Nasdaq: ZENA) completed three strategic Drone-as-a-Service (DaaS) acquisitions: Holt Surveying & Mapping, Inc. (Spokane, Washington), Andrew Spiewak Land Surveyor, Inc. (Chicago, Illinois), and a Halifax, Nova Scotia-based commercial window washing company. The deals expand ZenaTech's DaaS footprint across the U.S. and mark its first Canadian acquisition, broadening service capabilities in surveying, inspection, maintenance and drone-based cleaning services.
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December 30, 2025
- Buyer
- Salt Creek Capital
- Target
- Nanoptix Inc.
- Seller
- Daniel Vienneau
- Industry
- Manufacturing
- Location
- New Brunswick, Canada
- Type
- Buyout
Salt Creek Capital, a San Francisco Bay Area private equity firm, has acquired a controlling stake in Nanoptix Inc., a Dieppe, New Brunswick-based manufacturer of thermal printing solutions for the gaming, lottery, kiosk and POS markets. Founder and CEO Daniel Vienneau sold his controlling ownership position and moved into an advisory role while long-time CFO Jacques LeBlanc was promoted to CEO to lead the company through its next growth phase.
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December 30, 2025
- Buyer
- Atlantic Coast Mortgage, LLC (ACM), FVCbank (FVCBankcorp, Inc.)
- Target
- Tidewater Mortgage Services, Inc.
- Industry
- Financial Services
- Location
- Virginia, United States
- Type
- Buyout
Atlantic Coast Mortgage, LLC (ACM), a mortgage lender affiliated with FVCbank, has acquired Tidewater Mortgage Services, Inc., a Coastal Virginia-based residential mortgage lender. The deal adds approximately 45 loan officers and support staff, expands ACM’s footprint in the Mid‑Atlantic and Southeast, and is expected to be accretive to ACM’s production in 2026.
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December 30, 2025
- Buyer
- Yield Solutions Group
- Target
- Trusted American Mortgage
- Industry
- Financial Services
- Location
- Colorado, United States
- Type
- Buyout
Yield Solutions Group (YSG) has taken operational control of Trusted American Mortgage, acquiring full control and installing senior leadership oversight. YSG said it will invest capital and operational resources to expand Trusted American Mortgage’s lending platform nationally, enhance compliance and licensing, and scale its mortgage services.
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December 30, 2025
- Buyer
- Inszone Insurance Services
- Target
- Meyer & Rees, Inc. (DBA Bierschwale-Rees Insurance)
- Seller
- Todd Willingham (President and Owner), Meyer & Rees, Inc.
- Industry
- Financial Services
- Location
- Texas, United States
- Type
- Buyout
Inszone Insurance Services has acquired Meyer & Rees, Inc., DBA Bierschwale-Rees Insurance, a long-established independent insurance agency based in Fredericksburg, Texas. The acquisition expands Inszone's Texas presence and brings the local agency access to Inszone's technology, broader markets, and operational resources while the Bierschwale-Rees team continues to operate from its Fredericksburg office.
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December 30, 2025
- Buyer
- Brivo
- Target
- Eagle Eye Networks
- Industry
- Cloud & SaaS
- Location
- Texas, United States
- Type
- Buyout
Brivo and Eagle Eye Networks have merged to form a single AI cloud-native physical security company operating under the Brivo name. The combined Brivo Security Suite unifies cloud access control, video intelligence, visitor management and intrusion capabilities; Dean Drako will serve as CEO and Steve Van Till as President, with U.S. headquarters in Bethesda, Maryland and Austin, Texas.
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December 29, 2025
- Buyer
- Ooma, Inc.
- Target
- Phone.com
- Industry
- Cloud & SaaS
- Location
- New Jersey, United States
- Type
- Buyout
Ooma, Inc. signed a definitive agreement to acquire Phone.com, a cloud communications/UCaaS provider for SMBs, for approximately $23.2 million in cash. Ooma completed the acquisition, expanding its UCaaS footprint in the SMB market by adding a second established business communications brand.
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December 29, 2025
- Buyer
- SoftBank Group Corp., Duncan Holdco LLC
- Target
- DigitalBridge Group, Inc.
- Industry
- Data & Analytics
- Location
- Florida, United States
- Type
- Buyout
SoftBank Group entered into a definitive agreement to acquire DigitalBridge Group, an alternative asset manager focused on digital infrastructure, for about $4.0 billion enterprise value. The all-cash deal is structured as SoftBank’s indirect acquisition of all outstanding shares of DigitalBridge for $16.00 per share and is expected to close in the second half of 2026, subject to regulatory approvals.
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- Buyer
- Johnson & Johnson
- Target
- Halda Therapeutics OpCo, Inc.
- Industry
- Healthcare Services
- Location
- United States
- Type
- Buyout
Johnson & Johnson completed its acquisition of Halda Therapeutics OpCo, Inc. for $3.05 billion in cash. The deal brings Halda’s proprietary RIPTAC platform and its clinical-stage prostate cancer therapy HLD-0915, along with earlier-stage RIPTAC candidates for other solid tumors, into J&J’s oncology portfolio.
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December 29, 2025
- Buyer
- Inszone Insurance Services
- Target
- Shahinian Insurance Services, Inc.
- Industry
- Insurance
- Location
- California, United States
- Type
- Buyout
Inszone Insurance Services, a Sacramento-based national insurance brokerage, has acquired Shahinian Insurance Services, Inc., a California-based specialty agency founded in 1974 known for event liability, vendor programs and a long-standing risk purchasing group. Shahinian will continue operating under its existing team while gaining Inszone's national platform, carrier access and operational resources to support continued growth.
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December 29, 2025
- Buyer
- Baldwin Supply Company
- Target
- Construction & Aggregate Products, Inc.
- Industry
- Industrial Services
- Location
- Iowa, United States
- Type
- Buyout
Baldwin Supply Company, a privately owned Midwest industrial distributor headquartered in Plymouth, Minnesota, has acquired Construction & Aggregate Products, Inc. (CAP), a distributor with locations in Des Moines, Iowa and Lenexa, Kansas. The acquisition expands Baldwin Supply's regional footprint and capabilities to better serve customers in aggregate, mining and construction markets.
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December 29, 2025
- Buyer
- Security 101
- Target
- Electronic Security Concepts (ESC)
- Industry
- Industrial Services
- Location
- Arizona, United States
- Type
- Buyout
Security 101 has acquired Electronic Security Concepts (ESC), a Scottsdale, Arizona-based full-service systems integrator. The deal expands Security 101's presence in the U.S. Southwest and adds ESC's advanced systems-integration capabilities and customer relationships across government, healthcare, and enterprise verticals.
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December 26, 2025
- Buyer
- Howmet Aerospace
- Target
- Consolidated Aerospace Manufacturing (CAM)
- Seller
- Stanley Black & Decker
- Industry
- Aerospace & Defense
- Location
- Pennsylvania, United States
- Type
- Buyout
Howmet Aerospace has signed a definitive agreement to acquire Consolidated Aerospace Manufacturing (CAM) from Stanley Black & Decker for approximately $1.8 billion in an all-cash deal. The acquisition is intended to expand Howmet’s aerospace fastening systems business by adding CAM’s precision fasteners, fluid fittings, and other highly engineered components.
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December 26, 2025
- Buyer
- Accenture
- Target
- Cabel Industry
- Seller
- Fibonacci Group
- Industry
- IT Services
- Location
- Italy
- Type
- Buyout
Accenture has agreed to acquire Cabel Industry, an Italian provider of core banking and IT managed services for mid-size financial institutions. The deal is intended to strengthen Accenture’s banking and insurance technology capabilities in Italy by expanding managed services and integrating Cabel’s sector-specific expertise (including credit management) into Accenture’s financial services technology center of excellence, AFAST.
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December 26, 2025
- Buyer
- Crescendo Capital Partners, Construction Capital Group, Fidus Capital
- Target
- Peoria Industrial Piping Company (PIPCO)
- Seller
- Steve Cicciarelli, Scott Cicciarelli, Greg Cicciarelli, Karen Shadid, Cicciarelli Family
- Industry
- Construction
- Location
- Illinois, United States
- Type
- Buyout
Crescendo Capital Partners, together with operators from Construction Capital Group, has acquired Peoria Industrial Piping Company (PIPCO) and created a new holding company, Essential Facility & Infrastructure Services (EFI Services), with PIPCO as the first operating company. Fidus Capital provided term debt and an equity co-investment; the Cicciarelli family (sellers) retain equity and will remain in leadership roles as the sponsors build a regionally dominant MEP and fire protection platform in the Midwest.
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- Buyer
- Phoenix Tower International
- Target
- Infracos
- Seller
- Bouygues Telecom, SFR
- Industry
- Telecommunications
- Location
- Hauts-de-Seine, France
- Type
- Buyout
Phoenix Tower International (PTI) has closed the acquisition of Infracos, the joint venture owned by Bouygues Telecom and SFR that manages approximately 3,700 wireless sites across France. The deal expands PTI's French footprint to nearly 10,000 sites and increases its global portfolio to more than 33,000 towers; Bouygues Telecom and SFR were the selling parties.
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December 24, 2025
- Buyer
- Crown Brands Group, Rafar Group (Gelmart International), G72 Holdings
- Target
- Hanky Panky
- Industry
- Consumer Products
- Location
- New York, United States
- Type
- Buyout
Crown Brands Group, backed by G72 Holdings, has acquired iconic intimate apparel brand Hanky Panky in partnership with Rafar Group (the parent of Gelmart International). Rafar Group will serve as the core operating partner overseeing product, e-commerce and distribution while Hanky Panky founders will remain on the board; the deal is Crown's inaugural acquisition and establishes a new premium consumer brand platform.
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December 24, 2025
- Buyer
- Inszone Insurance Services
- Target
- Northern Insurance Group, Ltd.
- Industry
- Insurance
- Location
- Illinois, United States
- Type
- Buyout
Inszone Insurance Services, a Sacramento-based full-service insurance brokerage, has acquired Northern Insurance Group, Ltd., a long-established independent agency based in Illinois. Northern Insurance will continue to operate in place and will be supported by Inszone’s broader platform, carrier access, and technology to support continued growth.
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- Buyer
- Stonepeak, CPP Investments, bp
- Target
- Castrol
- Seller
- bp
- Industry
- Energy
- Location
- United Kingdom
- Type
- Buyout
Stonepeak has agreed to acquire a majority controlling interest in Castrol from bp in a transaction valuing the lubricants business at an enterprise value of approximately $10.1 billion. bp will retain a 35% minority stake, while CPP Investments will invest up to USD $1.05 billion in support of the deal; the transaction is expected to close by the end of 2026, subject to regulatory approvals.
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December 24, 2025
- Buyer
- ELL Ventures Ltd.
- Target
- Everybody Loves Languages Corp.
- Industry
- Cloud & SaaS
- Location
- Ontario, Canada
- Type
- Buyout
Everybody Loves Languages Corp. (ELLC) and ELL Ventures Ltd. (EV) entered into a business combination agreement under which EV will amalgamate with ELLC, with all ELLC shareholders other than EV receiving cash consideration of $0.085 per share. The parties anticipate closing on or about March 10, 2026, subject to regulatory approvals, shareholder approvals, and other customary conditions.
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- Buyer
- Inszone Insurance Services
- Target
- Mark V. Williamson Co., Inc. (Williamson Insurance)
- Industry
- Insurance
- Location
- Arkansas, United States
- Type
- Buyout
Inszone Insurance Services, a Sacramento-based national insurance brokerage, has acquired Mark V. Williamson Co., Inc. (Williamson Insurance), an independent agency based in Little Rock, Arkansas. The deal expands Inszone’s presence in Arkansas and provides Williamson Insurance with additional resources, technology and carrier relationships while preserving the local team.
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December 23, 2025
- Buyer
- Summit Point Leadership LLC, Dan Maxwell
- Target
- LDR Leadership LLC
- Seller
- LDR Partners LP
- Industry
- Professional Services
- Location
- District of Columbia, United States
- Type
- Buyout
A veteran-led ownership team, Summit Point Leadership LLC, formed through Rice University's Entrepreneurship Through Acquisition Lab and led by Dan Maxwell, has acquired the business of LDR Leadership LLC. The ceremonial signing occurred on November 11, 2025 and the transaction formally closed on December 23, 2025; LDR Partners LP was the seller and will donate a portion of proceeds to Rice Business.
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December 23, 2025
- Buyer
- VSP Vision
- Target
- Marcolin
- Seller
- PAI Partners, Other minority shareholders
- Industry
- Healthcare Services
- Location
- Veneto, Italy
- Type
- Buyout
VSP Vision completed its acquisition of Marcolin, a global eyewear design, manufacturing, and distribution company, from PAI Partners and other minority shareholders. Marcolin will continue to operate alongside Marchon Eyewear, with both businesses continuing as they do today.
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December 23, 2025
- Buyer
- Inszone Insurance Services
- Target
- Voyage Benefits, LLC
- Industry
- Insurance
- Location
- Michigan, United States
- Type
- Buyout
Inszone Insurance Services has acquired Voyage Benefits, LLC, a Grand Rapids, Michigan-based health and life insurance agency led by Kelly Syren. The acquisition expands Inszone's benefits capabilities and presence in Michigan while Voyage Benefits will continue operating from its Grand Rapids location with access to Inszone's carrier relationships and resources.
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December 23, 2025
- Buyer
- Apollo Funds, Apollo (European Private Equity), Atlantys Investors (advisor)
- Target
- Prosol Group
- Seller
- Ardian
- Industry
- Consumer Products
- Location
- France
- Type
- Buyout
Apollo announced it agreed to acquire a majority stake in Prosol Group, a French fresh food retail operator, from Ardian. Prosol’s existing shareholders and management will reinvest, and the deal is expected to close in Q2 2026 subject to regulatory approvals and customary closing conditions.
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December 23, 2025
- Buyer
- Novacap
- Target
- Integral Ad Science (IAS)
- Seller
- Vista Equity Partners
- Industry
- Data & Analytics
- Location
- New York, United States
- Type
- Buyout
Integral Ad Science (IAS) entered into a definitive all-cash agreement to be acquired by Novacap, valuing IAS at approximately $1.9 billion. The transaction closed on December 23, 2025, with IAS shareholders receiving $10.30 per share and IAS common stock ceasing to trade on Nasdaq.
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December 23, 2025
- Buyer
- ZenaTech, Inc.
- Target
- Vara 3D, Inc.
- Industry
- Cloud & SaaS
- Location
- Utah, United States
- Type
- Buyout
ZenaTech, Inc. has acquired Vara 3D, a Salt Lake City-area surveying and 3D mapping firm headquartered in Murray, Utah. The deal expands ZenaTech’s Drone-as-a-Service (DaaS) capabilities into the high-growth solar infrastructure market and supports growth into drone-based solar panel inspection, maintenance, and washing.
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December 23, 2025
- Buyer
- Solventum
- Target
- Acera Surgical
- Industry
- Healthcare Services
- Location
- Minnesota, United States
- Type
- Buyout
Solventum completed its acquisition of Acera Surgical, a privately held bioscience company focused on regenerative wound care. The deal includes $725 million in upfront cash plus up to $125 million in contingent cash payments tied to future milestones.
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December 23, 2025
- Buyer
- Carlyle Asia Partners
- Target
- KFC Korea
- Industry
- Restaurants & Hospitality
- Location
- South Korea
- Type
- Buyout
Carlyle Asia Partners, through an affiliated entity, has entered into a definitive agreement to acquire a 100% stake in KFC Korea. The deal aims to support KFC Korea’s next phase of growth in South Korea by partnering with management to accelerate new store openings, strengthen marketing, and drive menu innovation.
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December 23, 2025
- Buyer
- TPG
- Target
- Conservice
- Seller
- TA Associates, Advent International
- Industry
- IT Services
- Location
- Utah, United States
- Type
- Buyout
TPG signed a definitive agreement to acquire a majority stake in Conservice, a tech-enabled utility management platform serving the U.S. property management industry. Advent International will retain a significant minority stake, while TA Associates will fully exit its stake; the deal is expected to close in the first quarter of 2026, subject to customary approvals.
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- Buyer
- Stonepeak
- Target
- TeleTower
- Industry
- Infrastructure
- Location
- Lithuania
- Type
- Buyout
Stonepeak agreed to acquire TeleTower, Bitė Group’s towers business in Lithuania and Latvia. The transaction is expected to close in Q2 2026 and is intended to create the first fully independent tower company in the Baltics, supported by a long-term commercial partnership with Bitė for further tower rollouts and 5G expansion.
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December 23, 2025
- Buyer
- corpuls
- Target
- Hans Peter Esser
- Industry
- Medical Devices
- Location
- North Rhine-Westphalia, Germany
- Type
- Buyout
Bavarian medical technology company corpuls is merging with long-standing sales and service partner Hans Peter Esser (the Esser team) and will take on all of its employees. The parties will continue operating from the Kürten, North Rhine-Westphalia site, supporting customers as usual, with completion subject to merger-control approvals.
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