Mergers & Acquisitions

New York – September 15, 2026 -- A group of private investors led by Harry Adjmi, CEO of One Step Up, has acquired The Limited, the American women's fashion brand founded in 1963.

Adjmi group adds The Limited to a portfolio that includes New York & Company, Fashion to Figure and Hard Tail

The deal brings one of America's most recognized apparel names under the same ownership group that already controls New York & Company, Fashion to Figure and Hard Tail. The acquisition extends Adjmi's strategy of buying established brands with strong consumer recognition and rebuilding them for long-term growth.

The Limited built its reputation on tailored separates and career wear for American women

The Limited became known for polished apparel, coordinated collections and workwear aimed at professional women. The brand's identity centered on accessible, sophisticated dressing for office and everyday life.

Everett – September 15, 2026 -- WaterTectonics has acquired the patents and intellectual property of Dynamic Water Technologies (DWT), becoming the exclusive Original Equipment Manufacturer of the Dynamic Scale Remover (DSR), an electrochemical cooling tower treatment technology.

WaterTectonics gains exclusive OEM rights to patented electrochemical scale-removal technology

The DSR system uses a patented electrochemical process to strip dissolved scale-forming minerals from cooling water before they accumulate on heat transfer surfaces. The process simultaneously generates oxidants from chlorides already present in the water, cutting the need for added biocides while allowing facilities to run at higher cycles of concentration.

Boston – September 15, 2026 -- EMD Serono, Inc., the U.S. and Canada healthcare business of Merck KGaA, Darmstadt, Germany, has acquired two preclinical fertility drug programs from PostEra, a biotechnology company that uses artificial intelligence for small-molecule drug discovery.

EMD Serono takes over two AI-derived fertility programs from PostEra

The deal covers a class of follicle-stimulating hormone receptor (FSHR) agonists for ovarian stimulation in IVF and a separate class of luteinizing hormone/chorionic gonadotropin receptor (LHCGR) agonists targeting male infertility and ovulation triggering in IVF. Both programs were developed over the past two years using PostEra's Proton AI platform and remain in preclinical development, with safety and efficacy in humans not yet established.

Denver – September 14, 2026 -- Galloway & Company, LLC has acquired Hafer Inc., a 70-person architecture, interior design, and MEP engineering firm based in Evansville, Indiana, growing Galloway's footprint to 21 offices across 13 states.

Galloway adds four Midwest offices through the Hafer deal

Hafer, founded in 1978, operates from Evansville, Indiana; Columbus, Ohio; Owensboro, Kentucky; and Carbondale, Illinois. The firm delivers architecture, interior design, MEP engineering, landscape architecture, planning, and sustainable design services across healthcare, civic, corporate, higher education, K-12, religious, retail, restaurant, library, and aquatics projects.

Westminster, Colo. – September 13, 2026 -- Trimble has acquired Terasat Japan, one of the country's largest virtual reference station (VRS) service providers, giving the company direct control over centimeter-level GNSS correction services across Japan's construction, geospatial, automotive and agriculture sectors. Financial terms of the deal were not disclosed.

Terasat's network taps 1,300 government reference stations

Terasat Japan draws GNSS corrections from the Geospatial Information Authority of Japan's Continuously Operating Reference Stations (CORS) network, which spans more than 1,300 stations across the Japanese archipelago. The acquisition gives Trimble immediate access to these mandated GSI data streams, which are required for surveying and construction work in the country.

Sugar Land, Texas – September 12, 2026 -- QuVa Pharma, Inc. has acquired a range of essential medications from Central Admixture Pharmacy Services, Inc. (CAPS) after CAPS decided to exit the 503B sterile compounding business.

QuVa to phase in acquired products starting later in 2026

QuVa expects to begin introducing selected products from the acquired portfolio in phases later in 2026, with plans to expand its offerings over the following six months. The deal covers critical medication categories including Cardioplegia, Neonatal Starter Bags and Heparin, products used directly in patient care at hospitals nationwide.

Rockport, Texas – September 12, 2026 -- Southerland Communities has acquired The Reserve at St. Charles Bay, a 130-acre waterfront residential community on Rockport's Lamar Peninsula, from McCombs Enterprises, which established the development in 2008.

120 homes already stand on the bayfront property, with half the acreage still open for development

The community sits adjacent to Goose Island State Park and includes a 500-foot fishing pier, a resort-style pool, protected wetlands and more than two miles of waterfront boardwalks. Every home in the community is waterfront, and most include backyard docks providing direct access to the Aransas Bay system.

Southerland plans additional canals, waterfront homesites and amenities on the remaining acreage

The Texas-based, family-owned developer intends to expand the property's canal network and add new waterfront homesites as part of its investment plan, according to the company.

Miami – September 12, 2026 -- Homewerks Worldwide, a portfolio company of H.I.G. Capital, has completed the acquisition of GTR Technologies, a Seattle-area specialist in ventilation fans, technology switches and access panels for the home improvement sector.

Deal marks fourth add-on acquisition for Homewerks under H.I.G. ownership

Jon Fox, Managing Director at H.I.G. Capital, said the transaction continues the firm's strategic growth plan of adding innovative product lines that build on Homewerks' existing operations and supply chain capabilities. H.I.G. Capital manages $75 billion in capital and has invested in more than 400 companies since its founding in 1993.

Birkenhead – – September 12, 2026 -- Holiferm and Organica UK have combined operations, backed by continued commercial partnership with Sadorp, to create an end-to-end British biomanufacturing platform spanning ingredient science, product formulation and retail commercialisation.

Holiferm merges biosurfactant fermentation technology with Organica's formulation capability

Holiferm develops and manufactures nature-derived biosurfactants through proprietary fermentation technology at its North West England facilities. Organica formulates biodegradable, non-hazardous household and cleaning products for established UK and international brands. The combined entity now controls the chain from raw ingredient development through finished product manufacturing.

LONDON – September 10, 2026 -- ACG Metals Limited has signed a binding agreement to acquire 100% of mining licence 60926 covering the Keşkek gold project from Meta Nikel Kobalt Madencilik Sanayi ve Ticaret A.Ş. for total cash consideration of US$7.85 million, securing a new oxide ore source located 70 km from its Gediktepe mine in Türkiye.