Mergers & Acquisitions

Mirabel, Quebec – October 27, 2026 -- Volatus Aerospace Inc. (TSX: FLT) agreed to acquire 100% of Lithuanian airborne-sensor developer AISPECO Uab for a base consideration of US$10.5 million, with up to US$2.5 million more tied to performance milestones.

Share-heavy deal structure ties up to US$2.5 million to three-year milestones

The base price comprises US$3.0 million in cash and US$7.5 million in Volatus common shares, about 70% of the total, subject to adjustments under the acquisition agreement. The shares will be priced at the 20-day volume-weighted average price on the Toronto Stock Exchange as of October 13, 2026.

The additional US$2.5 million is payable in cash or equity at Volatus' option if AISPECO meets specified financial, commercial and product-development milestones over three years. Closing requires customary conditions, including conditional TSX approval.

Hunt Valley, Maryland – October 22, 2026 -- Fidelity Building Services Group has acquired MVH Industrial, a Georgetown, Kentucky-based mechanical, electrical, plumbing and general contracting firm. The deal adds industrial and manufacturing capacity in central Kentucky to a Fidelity network of more than 75 U.S. locations and 3,200 team members. The announcement did not include financial terms.

MVH Industrial brings sole-source turnkey project capability to Fidelity

MVH Industrial concentrates on manufacturing environments, complex sole-source turnkey projects and critical infrastructure upgrades. Its service lines include HVAC/mechanical system design and installation, industrial piping, plumbing, electrical systems, building automation and custom sheet metal fabrication.

Rochester, N.Y. – October 22, 2026 -- CPL, a design firm with 500-plus professionals, has acquired Illinois-based Bailey Edward, adding 50 staff and strengthening its presence in Chicago and across the Midwest. The announcement did not include financial terms.

Acquisition widens CPL's sector coverage to government and cultural work

Bailey Edward brings architecture, engineering, interior design and planning capabilities in education, government, healthcare, research, community and cultural practices. CPL already serves the Community & Culture, Healthcare, Higher Education, Infrastructure, K-12 Education, and Science & Technology sectors.

CPL says the added technical capacity will let the combined firm take on a wider range of project needs. Ellen Bailey Dickson, President and CEO of Bailey Edward, said the deal allows the firm to pursue larger, more complex work.

San Francisco – October 19, 2026 -- IXL Learning has acquired NoRedInk, an English language arts platform used by 9 in 10 U.S. school districts since its launch, adding a writing-instruction product with near-national district penetration to its education portfolio.

The source does not disclose financial terms. Tucker Capital served as exclusive financial advisor to NoRedInk.

NoRedInk will keep its brand and operate independently under IXL

NoRedInk will continue as an independent brand, and teachers and students will see no disruption to the platform, according to the announcement. IXL Learning will back the business with its resources and scale to bring writing instruction to more classrooms.

IXL CEO Paul Mishkin said NoRedInk earned its place in classrooms through word of mouth from educators. NoRedInk founder and CEO Jeff Scheur said he is excited about what the two companies will accomplish together.

Pittsburgh – October 19, 2026 -- System One has acquired GMP (Global Management Partners, LLC), a capital project planning and consulting provider, to extend its Critical Infrastructure platform into front-end project development. Terms of the deal were not disclosed.

GMP adds planning and consulting capacity across three markets

GMP supports project owners in data center and advanced manufacturing, energy and energy transition, and process and industrial markets. Its project managers, construction managers and project engineers deliver project concept and feasibility, project definition and planning, and execution support. The firm has operated for more than a decade.

The deal strengthens System One's Critical Infrastructure offering across project development, project delivery, site services and alliances, and project-based talent resourcing.

Paris – October 17, 2026 -- SAP intends to acquire TechWolf, a skills-intelligence vendor that Brandon Hall Group says surfaces in nearly every in-depth enterprise skills discussion it holds with clients.

TechWolf's context graph is meant to ground SAP's Joule agents

SAP says TechWolf's context graph can serve as a grounding layer for agent queries. According to SAP, that foundation can make token usage more efficient and make Joule more intelligent in skills-based hiring, workforce planning and role redesign.

Brandon Hall Group Chief Strategy Officer commentary frames the deal as broader than skills. TechWolf increasingly pairs Skills Intelligence, Work Intelligence and Market Intelligence. That model links individual tasks, the skills employees apply and conditions in the external labor market.

Los Angeles – October 16, 2026 -- Fengate Private Equity, a division of Fengate Asset Management, has partnered with Clinical Research of West Florida (CRWF), an independent trial site operator with more than 1,000 completed trials, in a deal with undisclosed terms.

Westcove Partners, LLC acted as exclusive financial advisor to CRWF. Its deal team comprised Managing Directors Justin Hand and Abe M'Bodj, Director Bill Bolding, Vice President Geno Catalano and Associate Andrew Hartono.

CRWF runs three Phase I-IV facilities across Tampa Bay

Founded in 1995, CRWF operates three Phase I-IV facilities in the Tampa Bay area. The company has conducted more than 1,000 trials across a broad range of therapeutic areas and has differentiated expertise in complex autoimmune and rheumatology indications.

Salt Lake City – October 16, 2026 -- BorboletaPro has acquired Dulce Lash Artistry and been named preferred lash and brow education partner of Paul Mitchell Advanced Education (PMAE), giving it a route into the Paul Mitchell Schools network nationwide.

Under the arrangement, BorboletaPro will supply its professional products, specialized curriculum and hands-on training across the school network. The company said the initiative is designed to link traditional cosmetology and esthetics education with specialized lash and brow skills. Financial terms of the acquisition were not disclosed.

New York – October 16, 2026 -- Mubadala Capital has completed its acquisition of Clear Channel Outdoor Holdings, a transaction valued at approximately $6.2 billion, after receiving all applicable regulatory approvals and the approval of Clear Channel stockholders.

AT&T sells Mexico unit to Grupo Televisa and Fintech Holdings

AT&T agreed to sell AT&T Mexico to Grupo Televisa and Fintech Holdings. The company said the sale sharpens its focus and capital allocation on building the strongest network in the United States through continued fiber and 5G investment.

Workday to buy C1.ai to manage identity for people and AI agents

Workday agreed to acquire C1.ai, an agentic identity platform. Workday said the deal will let it give every person and AI agent the right access from the day they join to the day they leave.

Irvine – October 16, 2026 -- Janssen Auto Group has acquired Gregg Young Chevrolet in Plattsmouth, Nebraska, from Gregg Young Automotive Group, giving it a ninth franchised dealership in the state. Performance Brokerage Services advised on the transaction. Financial terms were not disclosed.

Janssen consolidates two Plattsmouth stores under one owner

The Chevrolet store follows Janssen's late-2025 purchase of Gregg Young Chrysler Dodge Jeep Ram in Plattsmouth. Janssen Auto Group previously operated eight dealerships across Ford, Chevrolet, GMC, Honda, Chrysler, Dodge, Jeep and Ram. The Chevrolet dealership will be renamed Janssen Kuenle Chevrolet and will stay at its current location.

Owner Dave Janssen said the group is looking forward to working with the broker on its "next acquisition."