Q1 2026 | Texas M&A Insights

Texas M&A TrendsBusiness Sales & GrowthPrivate Transactions

Apr 1

The information reflects transactions as reported, including deal descriptions, values, and statuses, but may contain gaps, such as undisclosed deal terms or financial metrics, which limit comprehensive analysis. While efforts have been made to ensure accuracy, users should consult primary sources or professional advisors for legal, financial, or strategic decisions. No warranties are made regarding the completeness or reliability of this data, and the provider assumes no liability for its use.

Texas — Business Sale Overview

In Q1 2026, Texas-based target companies recorded 209 M&A transactions, with aggregate disclosed value of approximately $54.08 billion across the 32 transactions reporting values. Buyer activity included major strategic acquirers alongside institutional sponsors, with Texas-based buyers complemented by a broad pool of out-of-state and foreign capital. Industrials led transaction volume with 59 deals, followed by Technology, Media & Telecommunications with 43 and Financials with 28, while Health Care and Consumer businesses also generated meaningful activity. The breadth of sectors and buyer types reinforced Texas as a durable seller and exit market for private companies, public companies and operating assets.

By disclosed value, energy produced the quarter’s largest transaction, with Devon Energy acquiring Houston-based Coterra Energy at approximately $25.52 billion based on the Transaction Value column. Technology and media activity included Mubadala Capital and TWG Global Holdings’ approximately $7.64 billion acquisition of San Antonio-based Clear Channel Outdoor and Texas Instruments’ approximately $7.56 billion acquisition of Austin-based Silicon Laboratories. Financial-sector activity included Prosperity Bancshares’ approximately $2.0 billion acquisition of Houston-based Stellar Bancorp and KKR’s approximately $1.76 billion acquisition of Dallas-based Arctos Partners. Other marquee transactions included Saltchuk Resources’ approximately $1.36 billion acquisition of Houston-based Great Lakes Dredge & Dock, Monomoy Capital’s $1.3 billion acquisition of Houston-based Jiffy Lube International, Kinderhook Industries’ approximately $1.24 billion acquisition of Dallas-based Enhabit, and CECO Environmental’s approximately $1.22 billion acquisition of Austin-based Thermon Group. The three largest disclosed transactions represented roughly 75% of the quarter’s aggregate disclosed value.

The quarter reinforced both the scale and diversity of Texas M&A activity. Large-cap strategic combinations drove most disclosed dollar value, while the underlying transaction count reflected a deeper middle-market market across industrial services, software, insurance, wealth management, healthcare, energy services and consumer businesses. For founder-owners and sponsors evaluating an exit, the activity points to a market supported by both strategic consolidation and financial-buyer demand rather than any single buyer class or sector.

Texas — Strategic vs. Sponsor-led Activity

Texas — X / Y Plot By Sector

Texas — M&A Segmentation

Texas — Sector Breakdown

Second Level Primary Industry Breakdown

Texas M&A Deal Summaries — Business Sale Activity for M&A Targets

The following transactions represent M&A activity where the target entity is headquartered in described geography, in line with the traditional reporting on target M&A deal volume and metrics captured in the charts and conventional analysis above.

Focus Staff Services LP (1/1/2026)
Elite365 Family of Brands acquired Focus Staff Services LP of Dallas, TX, supporting continued staffing-platform growth and expansion alongside existing sponsor backing.
Toombs, Hall & Foster, L.L.P. (1/1/2026)
Whitley Penn, LLP of Fort Worth, TX, acquired Toombs, Hall & Foster, L.L.P. of Dallas, TX, adding advisory and consulting capabilities.
Usa Professional Services Group, Inc. (1/1/2026)
Dallas Cothrum acquired Usa Professional Services Group, Inc. of Dallas, TX, creating a broader end-to-end professional-services platform spanning planning, design, surveying and construction support.
Geospatial Innovations, Inc. (1/2/2026)
Spatial Business Systems, Inc of Littleton, CO, acquired Geospatial Innovations, Inc. of Austin, TX, bringing the GSI team into SBS and broadening its geospatial software capabilities.
Ginger Health Company (1/2/2026)
The Procter & Gamble Company of Cincinnati, OH, acquired Ginger Health Company of Austin, TX, adding the Wonderbelly digestive-health brand and its operating team to P&G’s consumer-health portfolio.
Aqua Terra Water Management USA, LLC (1/5/2026)
Lane42 Investment Partners, LLC and Karis Midstream Partners LLC acquired Aqua Terra Water Management USA, LLC of Houston, TX, establishing a sponsor-backed water-management platform led by the Karis Midstream team.
Gollob, Morgan, Peddy & Co. CPA (1/5/2026)
Ascend Partner Services LLC of Alexandria, VA, acquired Gollob, Morgan, Peddy & Co. CPA of Tyler, TX, adding advisory and consulting capabilities.
Innovar Solutions (1/5/2026)
Visual Advertising Sales Technology, Inc. of Genoa, NV, acquired Innovar Solutions of McKinney, TX, expanding its software platform and customer base.
Mortgage Contracting Services LLC (1/5/2026)
Craig Torrance and Andrew Nolan acquired Mortgage Contracting Services LLC of Lewisville, TX, transitioning the business to an owner-management structure while retaining the MCS brand and leadership.
Armko Industries, Inc. (1/6/2026)
Align Capital Partners, LP of Shaker Heights, OH, acquired Armko Industries, Inc. of Flower Mound, TX, adding a second architecture, engineering and construction platform investment with room for add-on growth.
Austin Private Wealth, LLC (1/6/2026)
Cerity Partners LLC of New York, NY, acquired Austin Private Wealth, LLC of Austin, TX, expanding Cerity’s Austin wealth-management presence under the Cerity Partners brand.
ETC HR LLC (1/6/2026)
PES Benefits of Ridgefield Park, NJ, acquired ETC HR LLC of San Antonio, TX, adding ACA, HR and broker-support services to PES Benefits’ national offering.
Merichem Company, Inc. (1/6/2026)
VLS Environmental Solutions, LLC of Houston, TX, acquired Merichem Company, Inc. of Houston, TX, folding Merichem into VLS’s hazardous-waste division as VLS SustainChem.
PB Materials Holdings, Inc. (1/6/2026)
Amrize AG of Zug, Switzerland, acquired PB Materials Holdings, Inc. of Odessa, TX, adding a high-earning construction-materials platform with expected operating synergies and accretion.
Personify, Inc. (1/6/2026)
Momentive Software, Inc. of Saint Petersburg, FL, acquired Personify, Inc. of Austin, TX, expanding its software platform and customer base.
ProsperOps, Inc. (1/6/2026)
Flexera Software LLC of Itasca, IL, acquired ProsperOps, Inc. of Austin, TX, adding cloud-cost optimization capabilities while retaining ProsperOps as a standalone brand.
Scrimmage LLC (1/6/2026)
Xtremepush Limited of Dublin, Ireland, acquired Scrimmage LLC of Del Valle, TX, adding Scrimmage’s loyalty-product capabilities and leadership to Xtremepush.
Sola Galleria Apartments (1/6/2026)
MG Properties Group of San Diego, CA, acquired Sola Galleria Apartments in Texas, adding a Texas multifamily asset to MG Properties’ apartment portfolio.
Epic Real Estate Partners, LLC (1/7/2026)
MCB Real Estate LLC of Bethesda, MD, acquired Epic Real Estate Partners, LLC of Austin, TX, expanding its wealth and asset-management platform.
LumaBridge, LLC (1/7/2026)
Avance Clinical Pty Ltd. of Thebarton, Australia, acquired LumaBridge, LLC of San Antonio, TX, expanding its clinical-research and life-sciences capabilities.
PatientCare Logistics Solutions, LLC (1/7/2026)
Grant Avenue Capital, LLC of New York, NY, acquired PatientCare Logistics Solutions, LLC of Tyler, TX, broadening its healthcare-services platform.
The CE Group, Inc. (1/7/2026)
Lori Houston acquired The CE Group, Inc. of San Antonio, TX, expanding its advertising and marketing platform.
Aimcor Group, LLC (1/8/2026)
Integrity Marketing Group, LLC of Dallas, TX, acquired Aimcor Group, LLC of Malvern, TX, bringing AIMCOR’s insurance-distribution platform and management team into Integrity while preserving leadership continuity.
BVRT Utility Holding Company LLC (1/8/2026)
TWSC, Inc. of San Jose, CA, acquired BVRT Utility Holding Company LLC of San Antonio, TX, expanding its regulated water-utility footprint.
Keystone Cement Company, LLC (1/8/2026)
Titan America SA of Brussels, Belgium, acquired Keystone Cement Company, LLC of Houston, TX, for $310 million, increasing geographic diversity and expected revenue and margin synergies in construction materials.
St. Regis Houston (1/8/2026)
Saddlebrook Equity and Management acquired St. Regis Houston of Houston, TX, for $51 million, adding a hospitality asset to its portfolio.
Bearkat 1 Wind Farm (1/9/2026)
ArcLight Capital Partners, LLC of Boston, MA, acquired Bearkat 1 Wind Farm in Texas, adding renewable power-generation assets.
Cooke Electrical Contracting, Inc. (1/9/2026)
H&MV Engineering Limited of Castletroy, Ireland, acquired Cooke Electrical Contracting, Inc. of Amarillo, TX, combining Cooke’s local electrical workforce with H&MV’s global engineering resources and project-delivery capabilities.
KBK Industries, LLC (1/9/2026)
TerraVest Industries Inc. of Vegreville, Canada, acquired KBK Industries, LLC of The Woodlands, TX, for $90 million, adding industrial equipment and manufacturing capabilities.
12 Pawn stores (1/12/2026)
EZCORP, Inc. of Austin, TX, acquired 12 pawn stores in Texas, for $27.5 million, expanding its consumer-finance footprint.
70,635 square-foot industrial property (1/12/2026)
Dalfen Industrial LLC of Dallas, TX, acquired a 70,635-square-foot industrial property in Texas, expanding Dalfen’s industrial real-estate holdings.
Expanse Electrical Co. (1/12/2026)
MidCentral Energy Partners L.P. of Oklahoma City, OK, acquired Expanse Electrical Co. of Houston, TX, broadening its oilfield-services capabilities.
Radiopharm Ventures, LLC (1/12/2026)
Radiopharm Theranostics Limited of Carlton, Australia, acquired a 12.5% stake in Radiopharm Ventures, LLC of Houston, TX, expanding its radiopharmaceutical development exposure.
Advanced Intelligent Computing, Inc. (1/13/2026)
Minuteman Security Technologies, Inc. of Andover, MA, acquired Advanced Intelligent Computing, Inc. of Houston, TX, expanding its security-services footprint.
Armetco Systems, LLC (1/13/2026)
Architectural Fabrication, Inc. of Fort Worth, TX, acquired Armetco Systems, LLC of Justin, TX, expanding its engineering and construction-services capabilities.
Beyond Secure, Inc. (1/13/2026)
NuView IT, LLC of Portsmouth, NH, acquired Beyond Secure, Inc. of Austin, TX, broadening its IT consulting and digital-services capabilities.
Lavendel Consulting LLC (1/13/2026)
Applexus Technologies Inc. of Federal Way, WA, acquired Lavendel Consulting LLC of Richmond, TX, broadening its IT consulting and digital-services capabilities.
Mcpp 2100 Mckinney, Llc (1/13/2026)
Crescent Real Estate Holdings LLC acquired Mcpp 2100 Mckinney, Llc of Dallas, TX, adding the 2100 McKinney real-estate asset to its investment portfolio.
Silvercar Retail Automotive, LLC (1/13/2026)
Wavecrest Growth Partners, Radian Capital, Automotive Ventures and other investors acquired Silvercar Retail Automotive, LLC of Austin, TX, for $25 million, backing the relaunch of Silvercar’s technology-enabled automotive retail platform.
Micro Forms, Inc. (1/14/2026)
AIM Investment Group acquired Micro Forms, Inc. of Garland, TX, providing Micro Forms with long-term investment support while preserving its standalone operations.
Oak Bridge Financial, LLC (1/14/2026)
LPL Financial LLC of Fort Mill, SC, acquired Oak Bridge Financial, LLC in Texas, bringing Oak Bridge advisors onto LPL’s broker-dealer and RIA platform.
Configurable Management Consulting, LLC (1/15/2026)
Decisions LLC of Virginia Beach, VA, acquired Configurable Management Consulting, LLC of Lewisville, TX, broadening its IT consulting and digital-services capabilities.
ePac Flexible Packaging (1/15/2026)
Butterfly Equity, LP of Beverly Hills, CA, acquired a majority stake in ePac Flexible Packaging of Austin, TX, backing the flexible-packaging platform while retaining incumbent leadership and meaningful ownership.
Lex Services Inc (1/15/2026)
Champions Group Holdings of Irvine, CA, acquired Lex Services Inc of Carrollton, TX, adding resources to Lex while preserving its brand and operating identity.
Vault Fine Art Services, Llc (1/15/2026)
UOVO ART LLC of Long Island City, NY, acquired Vault Fine Art Services, Llc of Austin, TX, expanding its fine-art services and logistics capabilities.
Great American Food Chain, Inc. (The) (1/16/2026)
Green Matter BioTech, Inc. of Mesa, AZ, acquired Great American Food Chain, Inc. (The) of Dallas, TX, expanding its restaurant portfolio.
Hino Gas Sales, Inc. (1/16/2026)
An undisclosed buyer acquired Hino Gas Sales, Inc. of Harlingen, TX, adding a Texas gas-distribution business.
Biomax Spray Foam Insulation, LLC (1/19/2026)
Installed Building Products, Inc. of Columbus, OH, acquired Biomax Spray Foam Insulation, LLC of Tyler, TX, expanding its insulation and construction-services capabilities.
Tailwind Business Ventures, LLC (1/19/2026)
UST Global Inc of Aliso Viejo, CA, acquired Tailwind Business Ventures, LLC of Cedar Park, TX, combining modernization, AI and enterprise-transformation capabilities to scale Tailwind’s software-services model.
Cook Chrysler Dodge Jeep Ram (1/20/2026)
Kedge Cook acquired Cook Chrysler Dodge Jeep Ram of Cleveland, TX, continuing operation of the dealership under the Cook name and existing location.
DFW Mechanical Group, LLC (1/20/2026)
United Building Solutions, LLC of Pennsauken, NJ, acquired DFW Mechanical Group, LLC of Wylie, TX, expanding its mechanical and construction-services capabilities.
Diligent Robotics Inc. (1/20/2026)
Serve Robotics Inc. of Redwood City, CA, acquired Diligent Robotics Inc. of Austin, TX, for approximately $4.8 million, adding Diligent’s healthcare robotics platform to Serve’s autonomous-robotics strategy.
East Texas Architectural Sheetmetal LLC (1/20/2026)
Red Dot Building Systems of Athens, TX, acquired East Texas Architectural Sheetmetal LLC of Mineola, TX, adding architectural sheet-metal capabilities to its building-systems platform.
Enforce LLC (1/20/2026)
HR Path SAS of Paris, France, acquired Enforce LLC of Dallas, TX, adding Dayforce-based payroll outsourcing to its U.S. HR technology offering.
Grunden Financial Advisory, Inc. (1/20/2026)
Allworth Financial, L.P. of Folsom, CA, acquired Grunden Financial Advisory, Inc. of Denton, TX, adding Grunden’s advisory team while extending centralized operations, compliance and technology support.
Mark Odom Studio (1/20/2026)
Cline Design Associates, Pa of Raleigh, NC, acquired Mark Odom Studio of Austin, TX, expanding its architecture and design-services capabilities.
Priebe Security Services, Inc. (1/20/2026)
Marksman Security Corporation of Fort Lauderdale, FL, acquired Priebe Security Services, Inc. of Austin, TX, expanding its security-services footprint.
Trio Electric, Ltd. (1/20/2026)
Paceline Equity Partners, LLC of Dallas, TX, acquired Trio Electric, Ltd. of Houston, TX, adding a Texas electrical-contracting platform.
Abaco Energy Technologies LLC (1/21/2026)
Superior Energy Services, Inc. of Houston, TX, acquired Abaco Energy Technologies LLC of Houston, TX, broadening its oilfield-services capabilities.
HomeWell Franchising Inc. (1/21/2026)
Main Post Partners, L.P. of San Francisco, CA, acquired HomeWell Franchising Inc. of Burkburnett, TX, adding a home-care franchising platform to its healthcare portfolio.
Mr. Gatti's Pizza, LLC (1/21/2026)
OneRyan Global LLC acquired Mr. Gatti's Pizza, LLC of Fort Worth, TX, expanding its restaurant portfolio.
Deutsch & Deutsch, L.L.C. (1/22/2026)
Watches of Switzerland Group PLC of Leicester, United Kingdom, acquired an 88% stake in Deutsch & Deutsch, L.L.C. of El Paso, TX, adding four luxury watch and jewelry showrooms while retaining the Deutsch brand and family leadership.
First Western SBLC, Inc. (1/22/2026)
DF Investment Manager, LLC acquired First Western SBLC, Inc. of Dallas, TX, adding a specialty-finance platform while preserving its existing operating name.
Spring Valley Acquisition Corp. III (1/22/2026)
General Fusion Inc. of Richmond, Canada, acquired Spring Valley Acquisition Corp. III of Dallas, TX, for approximately $734.4 million, providing General Fusion a public-markets combination vehicle to advance its fusion-energy platform.
The Jarrell Company (1/22/2026)
Construction Resources, Inc. of Decatur, GA, acquired The Jarrell Company of Dallas, TX, broadening its distribution platform while retaining Jarrell’s leadership team.
Zeal IT Consultants LLC (1/23/2026)
Livefront, Inc. of Minneapolis, MN, acquired Zeal IT Consultants LLC of Dallas, TX, combining the two firms to create a larger digital consultancy.
Advantis Medical Staffing, Llc (1/27/2026)
Adecco USA, Inc. of Jacksonville, FL, acquired Advantis Medical Staffing, Llc of Dallas, TX, expanding its healthcare staffing and workforce-services platform.
Diamond Back Recycling and Sanitary Landfill, LP (1/27/2026)
TXP Environmental, LLC of Houston, TX, acquired Diamond Back Recycling and Sanitary Landfill, LP of Odessa, TX, broadening its environmental-services and waste-management platform.
Function Health, Inc. (1/27/2026)
Higginbotham Insurance Agency, Inc. of Fort Worth, TX, acquired Function Health, Inc. of Austin, TX, adding healthcare-technology capabilities to its broader benefits and services platform.
Minute Menu Systems, LLC (1/27/2026)
Valsoft Corporation Inc. of Montreal, Canada, acquired Minute Menu Systems, LLC of Dallas, TX, adding childcare-management software while preserving Minute Menu’s autonomous operations and leadership.
PBL Wealth Management, LLC (1/27/2026)
Mission Wealth Management, LP of Santa Barbara, CA, acquired PBL Wealth Management, LLC of Austin, TX, expanding its wealth-management platform and adding senior advisory talent.
Subject Well, Inc. (1/27/2026)
Clariness GmbH of Hamburg, Germany, acquired Subject Well, Inc. of Austin, TX, expanding its clinical-trial and healthcare-technology platform.
eKYROS.com, Inc. (1/28/2026)
Insite Technology, Inc. of Cookeville, TN, acquired eKYROS.com, Inc. in Texas, merging eKYROS into the FundEasy platform while providing for a customer transition period.
HUVRData, LLC (1/28/2026)
Technical Toolboxes Powertools, Inc. of Houston, TX, acquired HUVRData, LLC of Austin, TX, expanding its software platform and customer base.
Pathology and diagnostics groups in Texas (1/28/2026)
Proactive MD Inc of Simpsonville, SC, acquired pathology and diagnostics groups in Texas, expanding Proactive MD’s pathology and diagnostic capabilities in the state.
Stellar Bancorp, Inc. (1/28/2026)
Prosperity Bancshares, Inc. of Houston, TX, acquired Stellar Bancorp, Inc. of Houston, TX, for approximately $2.0 billion, adding 52 Texas branches and materially expanding Prosperity’s statewide banking footprint.
GMJ Paving Company LLC (1/30/2026)
Construction Partners, Inc. of Dothan, AL, acquired GMJ Paving Company LLC of Stafford, TX, for $40 million, expanding its paving and infrastructure-construction capabilities.
Larry Wunsch And Associates, Inc. (1/30/2026)
Impact Climate Technologies of Atlanta, GA, acquired Larry Wunsch And Associates, Inc. of San Antonio, TX, broadening its HVAC-related distribution network and market reach.
Stellium Inc. (1/30/2026)
Körber AG of Hamburg, Germany, acquired a majority stake in Stellium Inc. of Houston, TX, integrating the business into Körber’s consulting platform as Körber Stellium.
Vytl Controls Group, Inc. (1/30/2026)
STS Operating, Inc. of Addison, IL, acquired Vytl Controls Group, Inc. of The Woodlands, TX, adding building-products and controls capabilities.
Durbin & Company LLP (2/1/2026)
Blue & Co., LLC of Columbus, IN, acquired Durbin & Company LLP of Lubbock, TX, expanding its accounting and advisory capabilities.
Coterra Energy Inc. (2/2/2026)
Devon Energy Corporation of Oklahoma City, OK, acquired Coterra Energy Inc. of Houston, TX, for approximately $25.52 billion, adding upstream energy assets and production exposure.
CP Insurance Associates (2/2/2026)
Novacore, Inc. of Conshohocken, PA, acquired CP Insurance Associates of Huntsville, TX, expanding its insurance distribution and brokerage footprint.
Document Solutions Inc. (2/3/2026)
DOCUmation Inc. of San Antonio, TX, acquired Document Solutions Inc. of Athens, TX, expanding DOCUmation’s East Texas document-technology footprint while retaining local offices and leadership.
Estate Five Media, Llc (2/3/2026)
Parker Management LLC of Portland, OR, acquired Estate Five Media, Llc of Dallas, TX, adding Estate Five Media’s team to Parker Management’s media portfolio.
Humaniz, Inc. (2/3/2026)
LPT Aperture Holdings acquired Humaniz, Inc. of Dallas, TX, adding an application-software platform alongside its concurrent acquisition activity.
Lindinger Inspection Engineers, Inc. (2/3/2026)
LRQA Group Limited of Birmingham, United Kingdom, acquired Lindinger Inspection Engineers, Inc. of Houston, TX, expanding its inspection and engineering-services capabilities.
Team Car Care, LLC (2/3/2026)
Triple JJJ Lube, Corp acquired a minority stake in Team Car Care, LLC of Irving, TX, adding exposure to a large automotive-services platform.
The Flexitallic Group, Inc. (2/3/2026)
Compagnie Générale des Établissements Michelin Société en commandite par actions of Clermont-Ferrand, France, acquired The Flexitallic Group, Inc. of Houston, TX, adding Flexitallic’s industrial sealing business and approximately $220 million of revenue to Michelin’s portfolio.
Titus County Hospital District (2/3/2026)
CHRISTUS Health of Irving, TX, acquired Titus County Hospital District of Mount Pleasant, TX, expanding its healthcare-facility network.
Undisclosed Insurance Agency (2/3/2026)
Bluedoor Industries, Inc. acquired an undisclosed insurance agency in Texas, expanding its insurance distribution and brokerage footprint.
Fox Robotics, Inc. (2/4/2026)
Symbotic Inc. of Wilmington, MA, acquired Fox Robotics, Inc. of Austin, TX, adding industrial robotics and automation capabilities.
Silicon Laboratories Inc. (2/4/2026)
Texas Instruments Incorporated of Dallas, TX, acquired Silicon Laboratories Inc. of Austin, TX, for approximately $7.56 billion, adding Silicon Labs’ semiconductor portfolio to Texas Instruments’ analog and embedded-processing platform.
TFL, Incorporated (2/4/2026)
Plibrico Company, LLC of Chicago, IL, acquired TFL, Incorporated of Houston, TX, expanding its construction-materials platform.
Arctos Partners LP (2/5/2026)
KKR & Co. Inc. of New York, NY, acquired Arctos Partners LP of Dallas, TX, for approximately $1.76 billion, expanding KKR’s alternatives platform through Arctos’ private-markets and sports-investment capabilities.
Distributed Power Solutions, Inc. (2/5/2026)
Kodiak Gas Services, LLC of The Woodlands, TX, acquired Distributed Power Solutions, Inc. of Pearland, TX, for approximately $727.0 million, creating Kodiak Power Solutions and expanding distributed-power generation capabilities.
JMC Global LLC (2/5/2026)
Callbox Logistics of Dallas, TX, acquired a majority stake in JMC Global LLC of The Woodlands, TX, expanding its logistics and transportation network.
Pronto General Agency, Ltd. (2/5/2026)
Insurvia, LLC of Las Vegas, NV, acquired Pronto General Agency, Ltd. of Brownsville, TX, expanding its insurance distribution and brokerage footprint.
Stellus Capital Management, LLC (2/5/2026)
P10, Inc. of Dallas, TX, acquired Stellus Capital Management, LLC of Houston, TX, expanding its alternative asset-management platform.
Fort Worth Plastic Surgery Institute (2/6/2026)
DermCare Management, LLC of Hollywood, FL, acquired Fort Worth Plastic Surgery Institute of Fort Worth, TX, adding a plastic-surgery practice to DermCare’s physician-services platform.
Magellan Health, Inc. (2/6/2026)
Madison Health Group, Inc. of Pompano Beach, FL, acquired Magellan Health, Inc. of Frisco, TX, adding managed-care capabilities.
SilkLab Inc (2/6/2026)
Ubigrowth, Inc. of Frisco, TX, acquired SilkLab Inc of Austin, TX, adding Silk Labs’ product and engineering talent to UbiGrowthAI.
Boomtown Coffee Holdings, LLC (2/7/2026)
Different Hospitality of Houston, TX, acquired Boomtown Coffee Holdings, LLC of Houston, TX, adding a Texas coffee platform to its hospitality portfolio.
Clear Channel Outdoor Holdings, Inc. (2/9/2026)
Mubadala Capital and TWG Global Holdings, LLC acquired Clear Channel Outdoor Holdings, Inc. of San Antonio, TX, for approximately $7.64 billion, taking Clear Channel Outdoor private with sponsor-backed equity and debt financing.
Dovre Canada Limited/Dovre Group Inc. (2/9/2026)
Teal Recruitment of St. John's, Canada, acquired Dovre Canada Limited/Dovre Group Inc., adding Dovre’s Canadian operations and recruiting capabilities.
BRILLIANT FULFILLMENT, LLC (2/10/2026)
KJM Capital Transportation Fund, LLC of Orlando, FL, acquired BRILLIANT FULFILLMENT, LLC of Grapevine, TX, adding fulfillment operations to KJM Capital’s transportation portfolio.
European Wax Center, Inc. (2/10/2026)
General Atlantic Service Company, L.P. of New York, NY, acquired European Wax Center, Inc. of Plano, TX, for approximately $553.7 million, taking European Wax Center private and consolidating General Atlantic’s ownership of the platform.
LiquidStack Inc. (2/10/2026)
Trane Technologies plc of Swords, Ireland, acquired LiquidStack Inc. of Carrollton, TX, integrating LiquidStack’s liquid-cooling capabilities into Trane’s Commercial HVAC business.
Rangers Baseball Llc (2/10/2026)
Sportsology Capital Partners LTD of New York, NY, acquired a minority stake in Rangers Baseball Llc of Arlington, TX, adding sports and entertainment exposure.
Safeguard Business of Deluxe Corporation (2/10/2026)
PFG Ventures L.P. of Cleveland, OH, acquired the Safeguard business of Deluxe Corporation of Carrollton, TX, for $25 million, adding a business-services and distribution platform.
The Junction Cottages & Townhomes (2/10/2026)
Stockbridge Capital Group, LLC and Landmark Properties, Inc. acquired The Junction Cottages & Townhomes of College Station, TX, adding a College Station real-estate asset to their portfolio.
Triad Oilfield Underwriters, LLC (2/10/2026)
Revau Advanced Underwriting Inc. of Terrebonne, Canada, acquired Triad Oilfield Underwriters, LLC of Houston, TX, expanding its specialty insurance underwriting footprint.
Crossvale, Inc. (2/11/2026)
Options Technology Ltd. of London, United Kingdom, acquired Crossvale, Inc. of Frisco, TX, broadening its IT consulting and digital-services capabilities.
Doseform Inc. (2/11/2026)
ReviveHealth, Inc. of Ponte Vedra Beach, FL, acquired Doseform Inc. of Austin, TX, expanding its healthcare-technology platform.
Great Lakes Dredge & Dock Corporation (2/11/2026)
Saltchuk Resources, Inc. of Seattle, WA, acquired Great Lakes Dredge & Dock Corporation of Houston, TX, for approximately $1.36 billion, adding a large U.S. dredging and marine-construction platform to Saltchuk’s transportation and infrastructure holdings.
Perigee Direct LLC (2/11/2026)
Chemical Concepts, Inc. of Huntingdon Valley, PA, acquired Perigee Direct LLC of North Richland Hills, TX, adding specialty-chemicals capabilities.
Hire Trucking Portfolio (2/12/2026)
Alliant Insurance Services, Inc. of Irvine, CA, acquired a for-hire trucking portfolio in Texas from Laredo Commercial Insurance Agency, expanding its transportation-insurance capabilities.
Scarbrough, Medlin & Associates, Inc. (2/12/2026)
Inszone Insurance Services, Inc of Rancho Cordova, CA, acquired Scarbrough, Medlin & Associates, Inc. of Plano, TX, expanding its insurance distribution and brokerage footprint while retaining the local team.
East Texas Seals, Inc. (2/13/2026)
Aberdeen Dynamics, LLC of Tulsa, OK, acquired East Texas Seals, Inc. of Van, TX, broadening its industrial distribution network and product reach.
Farmer Bros. Co. (2/13/2026)
Royal Cup, Inc. of Birmingham, AL, acquired Farmer Bros. Co. of Fort Worth, TX, for approximately $83.9 million, adding a packaged coffee and food-service platform.
Cardiothoracic and Vascular Surgeons, P.A. (2/15/2026)
St. David's Healthcare Partnership, L.P. LLP of Austin, TX, acquired Cardiothoracic and Vascular Surgeons, P.A. of Austin, TX, aligning CTVS physicians, providers and staff with St. David’s HealthCare while retaining the CTVS name.
Cool Crest LLC (2/16/2026)
Los Leones, Ltd. of San Antonio, TX, acquired Cool Crest LLC of San Antonio, TX, adding the Cool Crest miniature-golf property to its leisure portfolio.
Hcfs, Inc. (2/16/2026)
Elevate Patient Financial Solutions, LLC of Spring, TX, acquired Hcfs, Inc. of Frisco, TX, broadening its patient financial-services platform.
Certain South Texas Assets (2/17/2026)
Caturus Energy, LLC of Houston, TX, acquired Certain South Texas Assets in Texas, for $950 million, adding a portfolio of South Texas oil and gas assets to Caturus Energy.
Faeth Therapeutics, Inc. (2/17/2026)
Sensei Biotherapeutics, Inc. of Rockville, MD, acquired Faeth Therapeutics, Inc. of Austin, TX, for approximately $2.3 million, adding biotechnology assets and development programs.
Kepler GTL Technologies Inc. (2/17/2026)
Eco Innovation Group, Inc. of Van Nuys, CA, acquired Kepler GTL Technologies Inc. of Midland, TX, adding gas-to-liquids technology to its downstream energy platform.
Specialty Fenestration Group (2/17/2026)
Victor Capital Partners LLC of Greenwich, CT, acquired Specialty Fenestration Group of Houston, TX, adding a specialty fenestration platform to Victor Capital’s building-products portfolio.
Front Line Power Construction LLC (2/18/2026)
Ariel Alternatives, LLC and Cherokee Nation Businesses, L.L.C. acquired a minority stake in Front Line Power Construction LLC of Rosharon, TX, adding exposure to a power-construction platform.
Moser Community Media, LLC (2/18/2026)
Times Media Group of Tempe, AZ, acquired Moser Community Media, LLC of Brenham, TX, broadening its publishing and local-media footprint.
Vivace International Corporation (2/18/2026)
Cerberus Capital Management, L.P. of New York, NY, acquired an additional majority stake in Vivace International Corporation of San Antonio, TX, expanding its aerospace and defense platform.
WTX Foundation Repair, LLC (2/18/2026)
Groundworks, LLC of Virginia Beach, VA, acquired WTX Foundation Repair, LLC of Amarillo, TX, expanding its residential foundation-services footprint.
CIMA Services, L.P. (2/19/2026)
Amberjack Capital Partners, L.P. of Houston, TX, acquired CIMA Services, L.P. of Pasadena, TX, adding an engineering and construction-services platform.
LightPoint Engineering, LLC (2/19/2026)
NCS Engineers, LLC of Phoenix, AZ, acquired LightPoint Engineering, LLC of Willis, TX, expanding its engineering-services capabilities.
Spear Point Engineering, LLC (2/19/2026)
NCS Engineers, LLC of Phoenix, AZ, acquired Spear Point Engineering, LLC of Willis, TX, further expanding its engineering-services capabilities.
Phoenix LiDAR Systems, LLC (2/20/2026)
Revolution Flight, LLC of Huntsville, AL, acquired Phoenix LiDAR Systems, LLC of Austin, TX, adding LiDAR and sensing-technology capabilities.
BesTek Installs, LLC (2/21/2026)
Dyezz Surveillance & Security, Inc. of Pflugerville, TX, acquired BesTek Installs, LLC in Texas, adding installation capabilities to Dyezz’s surveillance and security platform.
CashLine Solutions LLC (2/23/2026)
Western Trail Capital LLC of Dallas, TX, acquired CashLine Solutions LLC of Houston, TX, integrating CashLine’s proprietary software and process improvements to strengthen operating infrastructure and sales capabilities.
Enhabit, Inc. (2/23/2026)
Kinderhook Industries, LLC of New York, NY, acquired Enhabit, Inc. of Dallas, TX, for approximately $1.24 billion, adding Enhabit’s home-health and hospice platform to Kinderhook’s healthcare portfolio.
Lumen Holdings, LLC (2/23/2026)
The Vistria Group, LP of Chicago, IL, acquired Lumen Holdings, LLC in Texas, expanding its insurance-services investment platform.
Sevco Security Inc. (2/23/2026)
Arctic Wolf Networks, Inc. of Eden Prairie, MN, acquired Sevco Security Inc. of Austin, TX, expanding its cybersecurity and systems-software platform.
100-megawatt Fort Duncan battery energy storage system in Texas (2/24/2026)
Hunt Energy Network, L.L.C. of Dallas, TX, acquired the 100-megawatt Fort Duncan battery energy storage system in Texas, adding grid-scale energy-storage capacity.
Arcosa Marine Products, Inc. (2/24/2026)
Wynnchurch Capital, L.P of Rosemont, IL, acquired Arcosa Marine Products, Inc. of Dallas, TX, for $450 million, adding a marine-products and heavy-equipment manufacturing platform.
Flamelit Consulting, LLC (2/24/2026)
Global Clean Energy, Inc. of Humble, TX, acquired Flamelit Consulting, LLC of Humble, TX, broadening its IT consulting and digital-services capabilities.
Fulshear Fire & Sprinkler LLC (2/24/2026)
Thompson Safety LLC of Houston, TX, acquired Fulshear Fire & Sprinkler LLC in Texas, expanding Thompson Safety’s fire-protection and sprinkler-services offering.
Garcia Real Estate Group (2/24/2026)
The Real Brokerage Inc. of Miami, FL, acquired Garcia Real Estate Group in Texas, expanding its real-estate brokerage platform.
Honest Jobs, Inc. (2/24/2026)
Orijin, PBC of New York, NY, acquired Honest Jobs, Inc. of Austin, TX, adding workforce-placement capabilities and retaining the founder in business development.
Johnson Roofing, Inc. (2/24/2026)
TopBuild Corp. of Daytona Beach, FL, acquired Johnson Roofing, Inc. of Waco, TX, expanding its roofing and construction-services capabilities.
Thermon Group Holdings, Inc. (2/24/2026)
CECO Environmental Corp. of Addison, TX, acquired Thermon Group Holdings, Inc. of Austin, TX, for approximately $1.22 billion, combining Thermon’s industrial heating solutions with CECO’s environmental and engineered-products platform.
APIA INC. (2/25/2026)
TWFG, Inc. of The Woodlands, TX, acquired APIA INC. of Castroville, TX, expanding its insurance distribution and brokerage footprint.
RevRight Inc. (2/26/2026)
Intellibright Corporation of Austin, TX, acquired RevRight Inc. of Austin, TX, linking marketing and sales data to strengthen Intellibright’s end-to-end revenue-operations offering.
Event Risk Inc. (2/27/2026)
Knightscope, Inc. of Sunnyvale, CA, acquired Event Risk Inc. of San Antonio, TX, for $12.1 million, adding Event Risk’s security operations and customer base to Knightscope.
MGB Wealth Management, LLC (2/28/2026)
Beacon Pointe Advisors, LLC of Newport Beach, CA, acquired MGB Wealth Management, LLC of Addison, TX, expanding its wealth-management platform.
Estech Systems, LLC (3/1/2026)
Crexendo, Inc. of Tempe, AZ, acquired Estech Systems, LLC of Plano, TX, for approximately $34.1 million, adding a communications-equipment platform expected to be immediately accretive to Crexendo’s revenue and EBITDA.
2 FM, 1 FX and 1 AM Translators (3/2/2026)
Ryan Media LLC of Dallas, TX, acquired 2 FM, 1 FX and 1 AM translators in Texas, for $0.9 million, expanding its broadcast-media footprint.
Certain Client Relationships And Related Intangible Assets Of FIFIT LLC (3/2/2026)
Promus Asset Management, LLC of Dallas, TX, acquired certain client relationships and related intangible assets of FIFIT LLC of Montgomery, TX, expanding its asset-management client base.
Ameriforge Group Inc. (3/3/2026)
Walworth de Mexico SA de CA of Tepotzotlán, Mexico, acquired Ameriforge Group Inc. of Houston, TX, adding industrial manufacturing capabilities.
Bm Chisholm 20 Llc (3/3/2026)
Black Mountain of Fort Worth, TX, acquired Bm Chisholm 20 Llc of Fort Worth, TX, adding a Fort Worth real-estate asset to its portfolio.
File & ServeXpress, LLC (3/3/2026)
Northlane Capital Partners, LLC of Bethesda, MD, acquired File & ServeXpress, LLC of Dallas, TX, adding a legal-technology software platform.
Waypoint Healthcare Solutions, LLC (3/3/2026)
Guideway Care, Inc. of Birmingham, AL, acquired Waypoint Healthcare Solutions, LLC of Houston, TX, expanding its healthcare-technology platform and adding the Waypoint team.
WWEX Group (3/3/2026)
Auctane, Inc. of El Segundo, CA, acquired WWEX Group of Dallas, TX, combining WWEX with Auctane to create a broader shipping and logistics technology platform.
Eduardo E. Lozano & Co., Inc. (3/4/2026)
Redwood Logistics, LLC of Chicago, IL, acquired Eduardo E. Lozano & Co., Inc. of Laredo, TX, expanding its logistics and transportation network.
Gardner Wallace Financial Solutions, LLC (3/4/2026)
Osaic, Inc. of Phoenix, AZ, acquired Gardner Wallace Financial Solutions, LLC of Addison, TX, expanding its financial-advisory and insurance-services footprint.
MSD Intelligent Solutions (3/5/2026)
Axsource of Oakville, Canada, acquired MSD Intelligent Solutions of Cypress, TX, broadening its IT consulting and digital-services capabilities.
Nobl Q LLC (3/5/2026)
Yellow Stripes Capital of Dublin, OH, acquired a majority stake in Nobl Q LLC of Plano, TX, backing an IT consulting platform under new board leadership.
Restora Austin Pllc (3/5/2026)
Kalon Aesthetics Ltd of London, United Kingdom, acquired Restora Austin Pllc of Austin, TX, broadening its healthcare and aesthetics-services platform.
Texas Mineral Resources Corp. (3/5/2026)
USA Rare Earth, Inc. of Stillwater, OK, acquired Texas Mineral Resources Corp. of Sierra Blanca, TX, for approximately $71.3 million, expanding its rare-earth and critical-minerals platform.
Appstek Corp. (3/9/2026)
Sage IT Inc. of Frisco, TX, acquired Appstek Corp. of Addison, TX, expanding Sage IT’s global delivery network and AI-led enterprise-modernization capabilities.
Jiffy Lube International, Inc. (3/9/2026)
Monomoy Capital Management, L.P. of Greenwich, CT, acquired Jiffy Lube International, Inc. of Houston, TX, for $1.3 billion, acquiring the Jiffy Lube brand and a network of more than 2,000 service centers and licensees.
Lone Star Bank (3/9/2026)
Journey Financial Group, Inc. of Montgomery, TX, acquired Lone Star Bank of Houston, TX, expanding its Texas banking franchise and customer footprint.
5 Branches (3/10/2026)
Armstrong Bank of Muskogee, OK, acquired five branches in Fort Worth, Denton, McKinney, Waco and Garland, TX, expanding its Texas banking footprint.
Barton Endeavors, LLC (3/10/2026)
FreightWaves, Inc of Chattanooga, TN, acquired Barton Endeavors, LLC of Bandera, TX, expanding its trucking and ground-transportation platform.
Baybrook Village (3/10/2026)
Fidelis Realty Partners, Ltd. of Bellaire, TX, acquired Baybrook Village in Texas, adding a 99%-occupied retail property anchored by national tenants to its portfolio.
Jets MRO, LLC (3/10/2026)
FlyHouse Technology, LLC of Scottsdale, AZ, acquired Jets MRO, LLC of Dallas, TX, adding aviation maintenance and MRO capabilities.
Spero Rehabilitation Llc (3/10/2026)
Intune Physical Therapy, LLC of Brentwood, TN, acquired Spero Rehabilitation Llc of Katy, TX, broadening its rehabilitation and physical-therapy platform.
Undisclosed Insurance Agency (3/10/2026)
Highstreet Insurance Partners Inc. of Traverse City, MI, acquired an undisclosed insurance agency in Texas, expanding its insurance distribution and brokerage footprint.
Upstream Engineering, L.L.C. (3/10/2026)
Acteon Group Operations (UK) Limited of Norwich, United Kingdom, acquired Upstream Engineering, L.L.C. of Houston, TX, expanding its engineering-services capabilities.
GasClip Technologies LLC (3/11/2026)
Chimney Rock Equity Partners, LLC of Austin, TX, acquired the remaining stake in GasClip Technologies LLC of Cedar Hill, TX, consolidating ownership of the gas-detection equipment platform.
Logan's Roadhouse International, LLC. (3/11/2026)
SSCP Management, Inc. of Dallas, TX, acquired Logan's Roadhouse International, LLC. of Dallas, TX, expanding its restaurant portfolio.
Metrix Logistics Group, Llc (3/11/2026)
RBW Logistics, LLC of Augusta, GA, acquired Metrix Logistics Group, Llc of Houston, TX, extending RBW Logistics’ national footprint and logistics capabilities.
Power Quality Engineering, Inc. (3/11/2026)
Shermco Industries, Inc. of Irving, TX, acquired Power Quality Engineering, Inc. of Cedar Park, TX, expanding its electrical engineering and power-services capabilities.
Tatango, Inc. (3/11/2026)
Edison Partners Management, LLC and Vocap Partners acquired Tatango, Inc. of Plano, TX, backing the application-software platform’s next phase of growth.
4 FM and 2 AM Translators (3/16/2026)
Lonestar Broadcasting Group, LLC of Menard, TX, acquired four FM and two AM translators in Texas, for $0.9 million, expanding its broadcast-media footprint.
American Intelligence & Power Corporation (3/16/2026)
NScale Global Holdings Limited of Knutsford, United Kingdom, acquired American Intelligence & Power Corporation of Houston, TX, adding digital-infrastructure capabilities.
Shiny Solutions, Inc. (3/17/2026)
eTip Inc. of San Francisco, CA, acquired Shiny Solutions, Inc. of Austin, TX, integrating Shiny’s capabilities into eTip’s global partner ecosystem.
Communitas.live (3/18/2026)
PHM Group of Helsinki, Finland, acquired Communitas.live of Dallas, TX, adding the community-management business while retaining its leadership, team and brand.
Power Plant (3/18/2026)
Hanwha Energy USA Holdings Corporation of Houston, TX, acquired a gas-fired power-generation asset in Texas, adding a 324-megawatt facility in ERCOT’s West Zone.
Tempest Telecom Solutions, LLC (3/18/2026)
Ivy Technology, LLC of Plano, TX, acquired Tempest Telecom Solutions, LLC of Coppell, TX, expanding its technology-distribution footprint.
Hilton DFW Lakes Executive Conference Center (3/19/2026)
Highline Hospitality Partners, LLC of Birmingham, AL, acquired Hilton DFW Lakes Executive Conference Center of Grapevine, TX, adding a DFW-area hospitality asset to its portfolio.
Knock Out Energy, LLC (3/19/2026)
Hawkins Lease Service, Inc. of Alvin, TX, acquired Knock Out Energy, LLC of Bridgeport, TX, broadening its oilfield-services capabilities under common leadership.
Allied Inventory Systems Inc. (3/23/2026)
AFC Industries, Inc. of Fairfield, OH, acquired Allied Inventory Systems Inc. of McKinney, TX, adding Allied Inventory Systems to AFC’s Aerospace & Defense business unit.
eType Services, LLC (3/23/2026)
eMagazines LLC of Chicago, IL, acquired eType Services, LLC of Austin, TX, broadening its publishing and digital-media platform.
Efferent, Inc. (3/24/2026)
Hopper Operating System, LLC of Phoenix, AZ, acquired Efferent, Inc. of The Woodlands, TX, expanding its healthcare-technology platform.
LitLingo Technologies Inc. (3/24/2026)
Epiq Systems, Inc. of New York, NY, acquired LitLingo Technologies Inc. of Austin, TX, adding compliance software and leadership capabilities.
McMurtre Battery Energy Storage System (3/24/2026)
Energy Vault Holdings, Inc. of Westlake Village, CA, acquired McMurtre Battery Energy Storage System in Texas, adding grid-scale energy-storage infrastructure.
Nrt Consulting Group, Llc (3/24/2026)
Americana Partners, LLC of Houston, TX, acquired Nrt Consulting Group, Llc of Midland, TX, integrating NRT Consulting into Americana Partners’ family-office services as a distinct service line.
Termio Pest Control LLC (3/24/2026)
Certus Pest, Inc. of Tampa, FL, acquired Termio Pest Control LLC of Queen Creek, TX, broadening its pest-control and consumer-services platform.
The Fun Pimps Entertainment LLC (3/24/2026)
Behaviour Interactive Inc. of Montreal, Canada, acquired The Fun Pimps Entertainment LLC of Allen, TX, adding game-development and interactive-entertainment capabilities.
Robert Lee Bancshares, Inc. (3/25/2026)
Longhorn Medical Holdings, Inc. acquired Robert Lee Bancshares, Inc. of Robert Lee, TX, adding a bank with a leading deposit share in Coke County.
Rose & Associates, LLP (3/25/2026)
Computer Modelling Group Ltd. of Calgary, Canada, acquired Rose & Associates, LLP of Hoston, TX, for $12.3 million, adding Rose’s oil-and-gas advisory capabilities and management team to Computer Modelling Group.
Johnson Equipment Company Inc. (3/26/2026)
Rite-Hite Holding Corporation of Milwaukee, WI, acquired Johnson Equipment Company Inc. of Dallas, TX, broadening its industrial-equipment distribution network and product reach.
Vox Elements, LLC (3/26/2026)
Temera Srl of Scarperia E San Piero, Italy, acquired Vox Elements, LLC of San Marcos, TX, broadening its IT consulting and digital-services capabilities.
BancLeasing, LLC (3/30/2026)
Elevex Capital, LLC of Westlake, OH, acquired BancLeasing, LLC of Plano, TX, adding BancLeasing’s software platform and four employees to Elevex.
Sternocandlelamp Holdings, Inc. (3/30/2026)
Archer Foodservice Partners of El Paso, TX, acquired Sternocandlelamp Holdings, Inc. of Texarkana, TX, for $280 million, acquiring Sterno’s foodservice business while Compass retains the home-fragrance business.
The Jealous Mermaid Inc. (3/30/2026)
Osprey Landscape Group LLC of Carlsbad, CA, acquired The Jealous Mermaid Inc. of Flower Mound, TX, broadening its landscaping and environmental-services platform.
Two MacArthur Ridge Office Building (3/30/2026)
City of Irving, Texas, acquired Two MacArthur Ridge Office Building in Texas, adding the office property to the city’s real-estate holdings.
17TeraWatts, Inc. (3/31/2026)
OneEthos Inc. of Winter Park, FL, acquired 17TeraWatts, Inc. of Austin, TX, expanding its software platform and customer base.
Beck-Reit & Sons, Ltd. (3/31/2026)
The Truesdell Corporation of Tempe, AZ, acquired Beck-Reit & Sons, Ltd. of Austin, TX, adding a Texas operating business to Truesdell’s broader platform.
Cheddar's, Inc (3/31/2026)
An undisclosed buyer acquired Cheddar's, Inc of Irving, TX, for $3.636 million, adding the restaurant asset to its portfolio.
R&D Specialties, Inc. (3/31/2026)
Compu Dynamics Modular, LLC of Chantilly, VA, acquired a majority stake in R&D Specialties, Inc. of Odessa, TX, adding heavy electrical-equipment capabilities.

M&A Segmentation — Glossary:

M&A – Whole: The acquisition of 100% ownership of a target company, giving the buyer full control.
M&A – Asset: The purchase of specific assets, such as mineral rights or property, without acquiring the entire company.
M&A – Minority: The acquisition of a non-controlling stake, typically under 50%.
M&A – Spinoff or Splitoff: The divestiture of a business unit into a separate entity or distribution of subsidiary shares to shareholders.

Deal Terms — Glossary:

Transaction Value: Represents the total consideration paid for a transaction, including net debt only if assumed, capturing the full financial scope of the deal.
Deal Value: Focuses solely on the consideration paid for the equity acquired, excluding net debt, to reflect the cost of ownership.
Implied Enterprise Value: Provides a standardized measure of the target’s total entity value, incorporating 100% of the enterprise including net debt, for consistent comparison with metrics like LTM EBITDA and Revenue.
Implied Equity Value: Isolates the equity portion, representing 100% of the target’s equity value, enabling a clear equity-to-equity comparison across transactions.