Acquisitions in Illinois
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March 19, 2026
- Buyer
- Chartis
- Target
- Leap AI
- Industry
- Healthcare Services
- Location
- Illinois, United States
- Type
- Buyout
Chartis, a healthcare advisory firm, announced it has acquired Leap AI, which develops AI-driven healthcare solutions. The deal is intended to combine Leap AI’s generative AI capabilities with Chartis’s healthcare transformation expertise to design and deploy tailored AI solutions for healthcare organizations.
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March 19, 2026
- Buyer
- Stores.com
- Target
- Hammacher Schlemmer
- Industry
- Retail
- Location
- Illinois, United States
- Type
- Buyout
Stores.com acquired Hammacher Schlemmer, aiming to restore the 178-year-old retailer’s brand as “America’s innovation store.” The acquisition is led by the ex-Woot leadership team, with Matt Rutledge (former Woot CEO) positioning the new Hammacher Schlemmer around discovery rather than discounting.
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March 18, 2026
- Buyer
- Esquire Financial Holdings
- Target
- Signature Bancorporation
- Industry
- Financial Services
- Location
- Illinois, United States
- Type
- Buyout
Esquire Financial Holdings announced a definitive, all-stock agreement to acquire Signature Bancorporation for approximately $348.4 million. The merger combines Esquire’s national, litigation-focused banking platform with Signature’s established Midwest (Chicago) relationship banking franchise, targeting a combined institution with roughly $4.8 billion in assets at closing.
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March 18, 2026
- Buyer
- Fortis Fire & Safety Inc.
- Target
- LaMarco Systems Inc.
- Industry
- Industrial Services
- Location
- Illinois, United States
- Type
- Buyout
Fortis Fire & Safety Inc. announced it has acquired LaMarco Systems Inc., a provider of advanced fire alarm, security, and integrated building safety solutions. The acquisition expands Fortis’ reach into the Midwest and enhances its mission-critical life safety technology capabilities while keeping LaMarco operating from its Northbrook headquarters.
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March 12, 2026
- Buyer
- ServBanc Holdco, Inc., Servbank, National Association
- Target
- IF Bancorp, Inc., Iroquois Federal Savings and Loan Association, Iroquois Federal Savings and Loan Association (bank subsidiary referenced as “Iroquois Federal”)
- Industry
- Financial Services
- Location
- Illinois, United States
- Type
- Buyout
ServBanc Holdco, Inc. (the holding company for Servbank) completed its acquisition of IF Bancorp, Inc. (NASDAQ: IROQ) and its subsidiary Iroquois Federal Savings and Loan Association. The deal expands Servbank’s Illinois footprint into central Illinois and includes integration of Servbank’s subservicing platform, technology, and personnel. Former IF Bancorp branch offices will continue operating under the Iroquois Federal name until customer and data conversion is completed (anticipated in Q4 2026).
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March 12, 2026
- Buyer
- Ali Group
- Target
- Bunn Commercial LP (BUNN)
- Industry
- Manufacturing
- Location
- Illinois, United States
- Type
- Buyout
Ali Group announced it has completed the acquisition of Bunn Commercial LP (BUNN), formerly known as Bunn-O-Matic Corporation. Terms of the transaction were not disclosed, and BUNN will join Ali Group’s global foodservice equipment portfolio, operating in North America as part of the Welbilt portfolio.
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March 12, 2026
- Buyer
- LOGISTEC
- Target
- Travero's Logistics Park Dubuque (LPD)
- Seller
- Travero
- Industry
- Transportation
- Location
- Illinois, United States
- Type
- Buyout
LOGISTEC announced the acquisition of Travero’s Logistics Park Dubuque (LPD), a multi-purpose marine terminal located in East Dubuque, Illinois on the Upper Mississippi River. The deal expands LOGISTEC’s inland waterways network and provides new routing options for agriculture, manufacturing, and energy supply chains across the U.S. Midwest and toward the Gulf Coast.
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March 11, 2026
- Buyer
- 95 Percent Group
- Target
- TouchMath
- Industry
- Education
- Location
- Illinois, United States
- Type
- Buyout
95 Percent Group has signed a definitive agreement to acquire TouchMath, a provider of explicit, multisensory, evidence-based math programs for students with learning differences. The acquisition expands 95 Percent Group’s literacy ecosystem into math intervention, operating under the 95 Percent Group name with customers continuing to work with both teams and programs.
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March 6, 2026
- Buyer
- Smithbucklin
- Target
- McKinley Advisors
- Industry
- Professional Services
- Location
- Illinois, United States
- Type
- Buyout
Smithbucklin has acquired McKinley Advisors, an association consultancy focused on research, strategy, governance, and business transformation. The deal combines McKinley’s research-based advisory capabilities with Smithbucklin’s association management, education, and event services platform, supported by 360 Live Media.
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- Buyer
- SullivanCotter
- Target
- Huron health care valuation services team
- Seller
- Huron
- Industry
- Healthcare Services
- Location
- Illinois, United States
- Type
- Buyout
SullivanCotter, a consulting firm focused on total rewards, workforce solutions, and data products for health care and not-for-profit organizations, acquired the healthcare valuation services team from Huron. The deal is intended to expand SullivanCotter’s valuation capabilities, adding expertise and six valuation professionals covering healthcare business valuation and specialized tangible asset valuations (including real estate).
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- Buyer
- Hightower Advisors
- Target
- Journey Strategic Wealth
- Industry
- Financial Services
- Location
- Illinois, United States
- Type
- Addon
Hightower Advisors entered into an agreement to acquire Journey Strategic Wealth, adding about $5 billion in assets under management to its Hightower Signature Wealth (HTSW) platform. The transaction is expected to close at the end of the month/first quarter, expanding HTSW’s national footprint and capabilities for both clients and advisors.
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March 5, 2026
- Buyer
- Riveron, Kohlberg, H.I.G. Capital
- Target
- Cuesta Partners
- Industry
- Data & Analytics
- Location
- Illinois, United States
- Type
- Growth capital
Riveron, a national business advisory firm backed by Kohlberg, has announced a strategic investment and growth partnership with AI and data technology firm Cuesta Partners. The partnership combines Riveron’s finance and operational advisory expertise with Cuesta’s AI, data strategy, and technology transformation capabilities to modernize the Office of the CFO for middle-market companies.
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- Buyer
- Ares Management, Leonard Green & Partners, Vintage Strategies (Goldman Sachs Alternatives), Harvest Partners
- Target
- Convergint Technologies
- Industry
- IT Services
- Location
- Illinois, United States
- Type
- Recapitalization
Ares Management has closed an $850 million single-asset continuation vehicle for Convergint Technologies, extending its long-running investment in the global, technology-enabled security and safety solutions systems integrator. Leonard Green & Partners led and fully underwrote the Sage Fund continuation vehicle, while Ares also made a substantial new investment, maintaining shared control alongside existing co-sponsors.
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- Buyer
- ASSA ABLOY
- Target
- Sennco Solutions
- Industry
- Cybersecurity
- Location
- Illinois, United States
- Type
- Buyout
ASSA ABLOY has acquired Sennco Solutions, a US provider of asset protection technology and retail security solutions focused primarily on the health and beauty retail segment. The acquisition strengthens ASSA ABLOY’s Retail business area within its Global Solutions division with complementary anti-theft capabilities and is expected to be accretive to EPS from the outset.
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- Buyer
- HBT Financial, Inc.
- Target
- CNB Bank Shares, Inc., CNB Bank Trust, N.A., CNB Bank
- Industry
- Financial Services
- Location
- Illinois, United States
- Type
- Buyout
HBT Financial, Inc. completed its merger with CNB Bank Shares, Inc., the holding company for CNB Bank. Following the transaction, CNB became a wholly-owned subsidiary of HBT, and CNB Bank merged into HBT’s subsidiary Heartland Bank. The combined organization expands HBT Financial’s footprint across central Illinois and the Chicago and St. Louis metro areas.
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March 2, 2026
- Buyer
- Procode Inc. (Procode AI), Story Ventures, CHAP Health Ventures, Progression Fund, Dmitry Shevelenko
- Target
- The Auctus Group
- Industry
- Healthcare Services
- Location
- Illinois, United States
- Type
- Addon
Procode Inc. launched Procode AI with $4 million in funding and acquired The Auctus Group, a U.S. medical biller serving plastic surgery and dermatology practices. Procode AI will apply its AI coding, claims, and AR/denials management tools to improve reimbursement outcomes for Auctus’ provider clients.
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February 27, 2026
- Buyer
- Azuria Water Solutions, New Mountain Capital
- Target
- Waterline Renewal Technologies
- Seller
- Behrman Capital
- Industry
- Infrastructure
- Location
- Illinois, United States
- Type
- Buyout
Behrman Capital announced the sale of its portfolio company, Waterline Renewal Technologies, to Azuria Water Solutions, a portfolio company of New Mountain Capital. Waterline provides engineered trenchless products and services for the rehabilitation of wastewater and stormwater infrastructure.
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February 26, 2026
- Buyer
- a21
- Target
- Two12
- Industry
- Restaurants & Hospitality
- Location
- Illinois, United States
- Type
- Growth capital
a21 has acquired an equity stake in Two12, the culinary-focused talent management company founded by Scott R. Feldman, forming a strategic partnership to integrate talent representation with a21’s event production, marketing, and brand partnership capabilities. Paradigm Talent Agency will continue to support Two12, and the alliance will immediately extend across a21’s portfolio of food- and wine-focused events and planned touring platforms to expand opportunities across food, beverage, hospitality, and media.
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February 26, 2026
- Buyer
- BMR Suspension
- Target
- Heidts Suspension
- Seller
- Miller Performance Products, Hart Marx Advisors
- Industry
- Manufacturing
- Location
- Illinois, United States
- Type
- Buyout
BMR Suspension, a performance automotive suspension and chassis parts manufacturer based in Florida, has acquired Heidts Suspension, a musclecar and hot-rod suspension parts manufacturer based in Lake Zurich, Illinois. The companies will continue to operate independently while collaborating on new product lines; financial terms were not disclosed.
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February 26, 2026
- Buyer
- HaystackID
- Target
- eDiscovery AI
- Industry
- AI & Machine Learning
- Location
- Illinois, United States
- Type
- Buyout
HaystackID announced it has acquired AI legal technology company eDiscovery AI to expand its generative AI capabilities for legal, compliance, regulatory, and cybersecurity workflows. The acquisition formalizes an existing collaboration, integrating eDiscovery AI technology into HaystackID’s Core Intelligence AI offerings, with terms not disclosed.
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- Buyer
- Scale, EQT
- Target
- Reload
- Industry
- Energy
- Location
- Illinois, United States
- Type
- Addon
Scale, an EQT-backed provider of on-site energy solutions, has acquired Reload, a powered land development platform focused on siting, designing, and permitting gigawatt-scale data center campuses. The deal adds Reload's grid-scale development expertise and multi-gigawatt pipeline to Scale's data center energy offering to accelerate speed-to-power for hyperscalers and other large customers.
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February 23, 2026
- Buyer
- Generac Holdings Inc.
- Target
- Enercon Engineering, Inc.
- Industry
- Energy
- Location
- Illinois, United States
- Type
- Buyout
Generac Holdings Inc. has signed a definitive agreement to acquire Enercon Engineering, Inc., a manufacturer of generator enclosures and UL-certified switchgear for mission-critical applications. The acquisition is intended to expand Generac’s Commercial & Industrial capabilities and support growing demand for backup power in data center and other mission-critical markets, with closing anticipated in Q2 2026 subject to regulatory approvals.
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February 23, 2026
- Buyer
- Uber Technologies, Inc.
- Target
- SpotHero, Inc.
- Industry
- Transportation
- Location
- Illinois, United States
- Type
- Buyout
Uber Technologies, Inc. has agreed to acquire SpotHero, a parking reservation marketplace, bringing in-app parking reservation capabilities to the Uber app. The deal is subject to regulatory approval and other customary closing conditions, and is expected to close in the first half of 2026.
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February 19, 2026
- Buyer
- PX Holdings Inc., Pure Freight Lines Ltd.
- Target
- Freight Exchange of North America
- Seller
- Redwood Logistics
- Industry
- Logistics & Distribution
- Location
- Illinois, United States
- Type
- Buyout
PX Holdings Inc. (parent of Pure Freight Lines) has acquired Freight Exchange of North America from Redwood Logistics and announced an expanded strategic partnership with Redwood. The deal adds asset-backed capacity and operational density to Pure Freight while enabling Redwood to continue providing 4PL orchestration and managed transportation services across Midwest and U.S.–Mexico border lanes.
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February 18, 2026
- Buyer
- Flow Control Management
- Target
- Kingston Valve Co
- Seller
- Storm Manufacturing Group, Inc.
- Industry
- Industrial Services
- Location
- Illinois, United States
- Type
- Addon
Flow Control Management (FCM) has announced the acquisition of Kingston Valve Co, a division of Storm Manufacturing Group, Inc. The Kingston operations will be integrated into FCM's Aquatrol division in Elburn, Illinois, expanding FCM’s safety valve offerings.
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February 18, 2026
- Buyer
- BayPine LP
- Target
- Relation Insurance Services
- Seller
- Aquiline Capital Partners LP
- Industry
- Insurance
- Location
- Illinois, United States
- Type
- Buyout
BayPine LP has entered into a definitive agreement to acquire Relation Insurance Services, a large independent U.S. insurance broker. Relation management—including CEO Tim Hall—will continue to lead the company as BayPine aims to accelerate technology-enabled growth and apply AI and other digital tools.
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February 17, 2026
- Buyer
- Wareing & Company
- Target
- Great Lakes Lifting Solutions
- Industry
- Industrial Services
- Location
- Illinois, United States
- Type
- Recapitalization
Wareing & Company, a Houston-based single family office, completed a recapitalization of Great Lakes Lifting Solutions, a provider of rental, sales and service of specialty lifting equipment. The partnership is intended to support fleet investment, geographic expansion and operational growth, with Steven Brooks continuing to lead the company.
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February 16, 2026
- Buyer
- Greenbriar Equity Group, L.P.
- Target
- AIT Worldwide Logistics
- Industry
- Transportation
- Location
- Illinois, United States
- Type
- Growth capital
AIT Worldwide Logistics entered into a definitive agreement to partner with Greenbriar Equity Group to support the global freight forwarder’s next phase of growth. Financial terms were not disclosed, and the transaction is expected to close before Q4 2026, subject to customary conditions and regulatory approvals.
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February 14, 2026
- Buyer
- Direct Marketing Solutions
- Target
- Johnson & Quin
- Seller
- Johnson & Quin family owners (Henkel family / company leadership)
- Industry
- Marketing & Advertising
- Location
- Illinois, United States
- Type
- Buyout
Direct Marketing Solutions (DMS) has acquired Johnson & Quin, a 150-year-old, family-owned direct mail production and marketing firm, combining complementary capabilities to form a larger national direct-marketing platform. The deal expands DMS's production capacity and Midwest footprint, preserves leadership continuity (Andrew Henkel becomes President of DMS; David Henkel joins the DMS board) and aims to deepen end-to-end, data-driven omnichannel direct marketing services.
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February 13, 2026
- Buyer
- Investindustrial, Industrial F&B Investments III, Inc.
- Target
- TreeHouse Foods, Inc.
- Seller
- TreeHouse Foods shareholders of record as of the closing date
- Industry
- Food & Beverage
- Location
- Illinois, United States
- Type
- Buyout
Investindustrial completed its previously announced, all-cash take-private acquisition of TreeHouse Foods in a deal valued at $2.9 billion enterprise value, plus the value of contingent value rights tied to ongoing litigation. TreeHouse Foods shareholders of record at closing will receive $22.50 per share in cash and one non-transferable contingent value right per share, and TreeHouse Foods will no longer trade on the New York Stock Exchange.
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February 12, 2026
- Buyer
- The State Group Industrial (USA) Limited, Apollo (funds managed by Apollo Global Management)
- Target
- Ruder Electric, Inc.
- Industry
- Industrial Services
- Location
- Illinois, United States
- Type
- Addon
The State Group, a portfolio company of funds managed by Apollo, has acquired Ruder Electric, a Kankakee, Illinois-based electrical contractor. The add-on expands The State Group's footprint into central and northern Illinois and brings Ruder Electric's electrical construction, maintenance, fire, security, communications, utility, and safety systems capabilities (including over 100 union electricians) into the platform.
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February 12, 2026
- Buyer
- R.E. Chaix & Associates Insurance Brokers, LLC
- Target
- US Pro Insurance Services
- Industry
- Insurance
- Location
- Illinois, United States
- Type
- Buyout
R.E. Chaix & Associates has acquired US Pro Insurance Services to deepen its specialty lines capabilities, particularly in Cyber Liability, and expand market access for retail agents and brokers nationwide. The US Pro team will join R.E. Chaix and the combined business will operate under the R.E. Chaix & Associates name.
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February 11, 2026
- Buyer
- Main Street Capital Corporation, MSC Income Fund, Inc., DMS Holdco LLC
- Target
- Johnson & Quin, Inc., DMS Holdco LLC
- Seller
- owners of Johnson & Quin, Inc.
- Industry
- Marketing & Advertising
- Location
- Illinois, United States
- Type
- Addon
Main Street Capital Corporation (NYSE: MAIN) and its co-investor MSC Income Fund, Inc. (NYSE: MSIF) completed a follow-on investment totaling $25.6 million in their existing portfolio company, DMS Holdco LLC. The new financing supports DMS’s strategic acquisition of Johnson & Quin, Inc. (J&Q), an omni-channel/direct marketing services business located in Chicago, Illinois.
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February 10, 2026
- Buyer
- Global Water Technology, Inc.
- Target
- Brochem Industries, Inc.
- Seller
- Chuck Mihalov (mentioned as founder; remaining involved during transition)
- Industry
- Industrial Services
- Location
- Illinois, United States
- Type
- Addon
Global Water Technology, Inc. (GWT) announced the acquisition of Brochem Industries, a private-label blender and manufacturer of water treatment chemicals serving independent and regional water treatment providers across the United States. The deal expands GWT’s Global Custom Solutions (GCS) platform and increases production capacity and operational efficiency at GWT’s Calumet City, Illinois facility.
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February 5, 2026
- Buyer
- Schneider Geospatial, LLC, Align Capital Partners
- Target
- Bruce Harris & Associates, Inc.
- Industry
- Government & Public Sector
- Location
- Illinois, United States
- Type
- Addon
Schneider Geospatial, an Align Capital Partners portfolio company, has acquired Bruce Harris & Associates (BHA), a Batavia, Illinois–based GIS consulting firm specializing in parcel mapping, geodatabase design and land records modernization. The add-on expands Schneider Geospatial’s services and delivery capacity for complex parcel and land-records programs for state and local governments.
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February 5, 2026
- Buyer
- 26North Partners LP
- Target
- Middleby's Residential Kitchen business, Composition Brands
- Seller
- The Middleby Corporation
- Industry
- Manufacturing
- Location
- Illinois, United States
- Type
- Buyout
26North Partners completed the acquisition of a controlling interest (51% stake) in The Middleby Corporation’s Residential Kitchen business. The business was rebranded as Composition Brands and will operate as an independent platform for premium and ultra-luxury residential kitchen and outdoor living brands, while Middleby retains a significant non-controlling 49% interest through a joint venture structure.
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February 4, 2026
- Buyer
- Concentric Equity Partners
- Target
- Aleysian
- Industry
- IT Services
- Location
- Illinois, United States
- Type
- Buyout
Concentric Equity Partners, a Chicago-based private investment firm, has acquired Aleysian, a Salesforce implementation and advisory firm. As part of the transaction Aleysian named Jon Klinepeter as CEO and moved former CEO Dustin Ward into the COO role to support scaled delivery and accelerated investments in Salesforce capabilities.
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February 4, 2026
- Buyer
- Salt Creek Capital
- Target
- Builders Cabinet, Inc.
- Seller
- Brian Benner
- Industry
- Building Products
- Location
- Illinois, United States
- Type
- Buyout
Salt Creek Capital, a San Francisco Bay Area private equity firm, has acquired Builders Cabinet, Inc., a Chicago-based designer, manufacturer and installer of premium and semi-custom cabinetry serving the greater Chicagoland market. Founder and president Brian Benner prepared for retirement as part of the transaction; VP Brian Benner (owner) will transition out and Ben VanDixhorn will continue as vice president to support growth under Salt Creek's ownership.
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February 4, 2026
- Buyer
- Shipfusion
- Target
- Boxtrot LLC
- Seller
- Isaac Lichter (founder of Boxtrot)
- Industry
- Logistics & Distribution
- Location
- Illinois, United States
- Type
- Buyout
Shipfusion, a national e-commerce fulfillment provider, has completed the acquisition of Chicago-based Boxtrot LLC and integrated Boxtrot merchants into Shipfusion’s North American warehouse network. The deal expands Shipfusion’s capacity and capabilities to support high-volume DTC and omnichannel brands, contributing to a record year of growth for Shipfusion.
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January 29, 2026
- Buyer
- NorthRock Partners
- Target
- Martin & Associates
- Industry
- Wealth Management
- Location
- Illinois, United States
- Type
- Addon
NorthRock Partners announced it has onboarded Illinois-based advisory firm Martin & Associates, a five-person team bringing approximately $500 million in assets under management, pushing NorthRock's AUM past $11 billion. The team, previously affiliated with Ameriprise Financial, will transition client relationships onto NorthRock’s Personal Office platform to deepen the firm’s presence in Illinois and expand its wealth management capabilities.
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January 28, 2026
- Buyer
- Murgado Automotive Group
- Target
- Toyota of Lincoln Park
- Seller
- AutoCanada, Leader Automotive Group
- Industry
- Automotive
- Location
- Illinois, United States
- Type
- Divestiture
Murgado Automotive Group has acquired Toyota of Lincoln Park, a Chicago-area Toyota dealership formerly owned by AutoCanada’s U.S. subsidiary Leader Automotive Group. Haig Partners served as exclusive sell-side advisor on the transaction, which represents a local-market expansion for Murgado and a divestiture by AutoCanada/Leader Automotive Group.
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- Buyer
- PRO-SET Formulated Resin Systems, LLC, Iron Path Capital
- Target
- Universal Chemicals and Coatings, Inc.
- Industry
- Manufacturing
- Location
- Illinois, United States
- Type
- Addon
PRO-SET Formulated Resin Systems, LLC (a holding of Iron Path Capital) has acquired Universal Chemicals and Coatings, Inc. (UNICHEM), a family-owned manufacturer of industrial coatings, laminating adhesives and container linings. The deal expands PRO-SET’s formulated coatings and laminating adhesive capabilities as an add-on to its growing resin systems platform; financial terms were not disclosed.
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- Buyer
- Leidos
- Target
- ENTRUST Solutions Group, ENTRUST Solutions Group (ENTRUST)
- Seller
- Kohlberg & Company, Neuberger Berman Capital Solutions (minority investor), Neuberger Berman Private Markets (funds managed by Neuberger)
- Industry
- IT Services
- Location
- Illinois, United States
- Type
- Buyout
Leidos has signed a definitive agreement to acquire ENTRUST Solutions Group for approximately $2.4 billion in an all-cash transaction. The deal is intended to expand Leidos’ position in utility engineering and to enter utility gas and electric generation infrastructure markets, complementing ENTRUST’s consulting and engineering services for utilities.
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January 27, 2026
- Target
- Toyota of Lincoln Park
- Seller
- AutoCanada Inc.
- Industry
- Transportation
- Location
- Illinois, United States
- Type
- Divestiture
AutoCanada Inc. has completed the sale of its Toyota of Lincoln Park dealership in Chicago, Illinois as part of its previously announced plan to exit its U.S. operations and strengthen its balance sheet. AutoCanada received approximately CAD $11.2 million in cash for goodwill and fixed assets (excluding inventory and net working capital), with proceeds used to reduce its revolving credit facility.
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January 26, 2026
- Buyer
- Rich Products Corporation
- Target
- Great Kitchens Food Company
- Seller
- Brynwood Partners VIII L.P.
- Industry
- Food & Beverage
- Location
- Illinois, United States
- Type
- Buyout
Rich Products Corporation (Rich's) has acquired Great Kitchens Food Company from Brynwood Partners VIII L.P.; the transaction closed in January 2026 for undisclosed terms. Great Kitchens, headquartered in Romeoville, Illinois, is a leading U.S. manufacturer of private-label take-and-bake and topped pizzas (including the Uno Foods/Pizzeria Uno lines) with three production facilities and roughly 1,000 employees; the deal gives Rich's expanded topped-pizza capabilities, greater capacity and a vertically integrated pizza platform.
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January 21, 2026
- Buyer
- Outrig
- Target
- Lakes Region Business Rentals
- Industry
- Real Estate
- Location
- Illinois, United States
- Type
- Buyout
Outrig has acquired Lakes Region Business Rentals, a multi-building small-bay industrial facility in Lakemoor, Illinois, and will rebrand it as Outrig Commerce Park Lakes Region. The acquisition expands Outrig’s small-bay industrial and storage portfolio and strengthens its presence in Lake County, Illinois, where this becomes its second acquisition.
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January 20, 2026
- Buyer
- Bear Icebox Communications
- Target
- Carson Stoga Communications
- Industry
- Marketing & Advertising
- Location
- Illinois, United States
- Type
- Buyout
Chicago-based Bear Icebox Communications (BICOM) has acquired boutique PR and crisis communications firm Carson Stoga Communications. The acquisition expands BICOM's reputation management and crisis readiness capabilities; Carson Stoga's founders and senior leaders will join BICOM to continue leading crisis and reputational accounts. Financial terms were not disclosed.
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January 20, 2026
- Buyer
- Alliance Fleet, Owner Resource Group LLC (ORG)
- Target
- Vital Truck & Van
- Industry
- Trucking & Fleet
- Location
- Illinois, United States
- Type
- Addon
Alliance Fleet, a portfolio company of Owner Resource Group (ORG), has acquired Vital Truck & Van, a light commercial vehicle upfitter headquartered in Batavia, Illinois, with additional locations in Colorado. Vital's founders will join Alliance Fleet's leadership team and retain an ownership stake as the combined company pursues a national dropship upfitting facility network to accelerate delivery and expand geographic coverage.
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January 20, 2026
- Buyer
- Arora Engineers, Jacmel Partners
- Target
- J.A. Watts, LLC (JWI)
- Industry
- Engineering Services
- Location
- Illinois, United States
- Type
- Addon
Arora Engineers, a portfolio company of Jacmel Partners, has acquired J.A. Watts, LLC (JWI), a Chicago-based construction, program and project management firm. The add-on strengthens Arora's capabilities in program and construction management—particularly in aviation and transportation—enabling integrated services across planning, design and construction execution.
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January 20, 2026
- Buyer
- Platinum Equity
- Target
- Czarnowski Collective
- Seller
- Mark Nagle and the Nagle family
- Industry
- Marketing & Advertising
- Location
- Illinois, United States
- Type
- Buyout
Platinum Equity has acquired Czarnowski Collective, a Chicago-based experiential marketing and event production firm, from CEO Mark Nagle and the Nagle family. The deal includes a leadership transition (Jim Milanowski to become CEO) and signals Platinum’s intent to invest in systems, expand footprint and pursue strategic add-ons while preserving the company’s culture.
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