Mergers Acquisitions

Stamford – October 15, 2026 -- Olympus Partners has agreed to sell MEI Industrial Solutions, a U.S. equipment execution services provider with nearly 2,500 employees, to 26North Partners LP. The announcement did not disclose financial terms or a closing timeline.

MEI provides rigging, machinery moving, industrial storage, millwrighting, custom crating and integrated logistics. Its customers include data center and semiconductor operators, as well as other industrial end markets.

MEI expanded from 16 to 30 locations under Olympus ownership

During Olympus' ownership, MEI entered Chicago, Miami, Providence and Richmond. It quadrupled indoor storage capacity to more than 10 million square feet and completed seven strategic acquisitions.

White Plains – October 14, 2026 -- Rockbridge Growth Equity-backed FormativGroup has acquired Saige Consulting, an AI and technology consulting firm, to add AI implementation and software engineering capacity to its application and data architecture business. The announcement did not include financial terms.

FormativGroup combines application platforms with Saige's AI delivery

FormativGroup brings application platforms, workflow development and data architecture. Saige adds technology strategy, software development and AI implementation. The companies say the combined offer covers a client engagement from strategy through scalable delivery.

Saige works with public and private sector organizations on cloud, data, AI and workflow automation. It has experience embedding AI and automation in core business workflows, which the companies describe as moving clients from aspirational thinking to repeatable use cases.

Columbus – – October 12, 2026 -- Vertiv (NYSE: VRT) has acquired Strategic Thermal Labs LLC (STL), a specialist in advanced liquid-cooling technologies, to strengthen its engineering capability where server-side liquid cooling meets supporting infrastructure in AI and high-performance computing environments. Financial terms were not disclosed.

STL adds cold-plate design and high-density thermal validation expertise

STL brings cold-plate design, server-side liquid cooling and high-density thermal validation capabilities. Vertiv expects the expertise to improve its ability to simulate and emulate real high-density compute conditions.

The company also expects to optimize the interaction between the thermal chain and the power train. It plans to support customers across design, integration, commissioning and lifecycle operations.

Columbus – October 12, 2026 -- Vertiv (NYSE: VRT) has completed its acquisition of ThermoKey S.p.A., adding heat rejection and heat-exchange manufacturing capacity in Europe, the Middle East and Africa (EMEA) as AI factories and high-density data centers drive demand for thermal systems. The release does not disclose financial terms.

ThermoKey adds heat-exchange and dry cooler technology to Vertiv's thermal chain

ThermoKey supplies heat-exchange solutions and dry coolers, and its technology is compatible with low-GWP and natural refrigerants. Vertiv says this complements its existing portfolio and lets customers optimize for performance, site conditions and growth. The company already uses ThermoKey technologies in select thermal solutions.

Columbus, Ohio – October 12, 2026 -- Vertiv Holdings Co. has agreed to acquire microgrid specialist Utility Innovation Holdings, operating as UtilityInnovation Group (UIG), for about $1.45 billion in cash at closing, plus up to $1.15 billion in additional cash tied to EBITDA targets over 12- and 24-month periods.

Vertiv's wholly-owned subsidiary, Vertiv Corporation, signed the merger agreement. If the full earnout is paid, total consideration could reach $2.6 billion.

Vertiv prices UIG at about 13x expected 2027 EBITDA

At the $1.45 billion upfront price, the deal values UIG at roughly 13x its expected 2027 EBITDA. Vertiv expects that multiple to be significantly lower if the full earnout is paid. The company expects the acquisition to be accretive to adjusted earnings per share in the first year after completion.

Los Angeles – October 12, 2026 -- R&S Holdings, a Maryland-based behavioral health organization, has acquired Innovo Detox, a Pennsylvania provider of substance use disorder (SUD) treatment and drug and alcohol rehabilitation services, in a transaction advised by M&A Healthcare Advisors (MAHA). Financial terms were not disclosed.

MAHA served as exclusive sell-side advisor on an accelerated timeline

MAHA, a FINRA-licensed investment bank focused on healthcare, represented Innovo exclusively. Managing Director Andre Ulloa and Senior Associate Mike Abud led the engagement.

The deal required structuring as a clean, standalone acquisition. MAHA coordinated the diligence process and worked with legal counsel on both sides to keep the transaction moving, and it closed on an accelerated timeline.

Pittsburgh – October 12, 2026 -- STERIS, a roughly $6 billion-revenue infection prevention provider with 18,000 Associates, has agreed to acquire Pittsburgh-area surgical safety specialist Xodus Medical, adding a portfolio of operating room consumables.

Financial terms were not disclosed in the announcement.

STERIS Targets Double-Digit Growth in Specialty Surgical Products

STERIS President and CEO Dan Carestio said Xodus Medical's portfolio complements and expands the STERIS offering, particularly through consumables used in the operating room. He said the business has demonstrated an ability to grow at double-digit rates, supported by a specialty product portfolio, a steady stream of new products and a highly effective commercial team.

Carestio said the combined company aims to enhance service to customers and create value for STERIS shareholders.

Council Bluffs – October 12, 2026 -- Southwest Iowa Renewable Energy, LLC (SIRE), a farmer-owned ethanol producer, has acquired GreenAmerica Biofuels Ord LLC, lifting its combined capacity to approximately 230 million gallons of ethanol per year across two plants in Iowa and Nebraska.

The seller is Pilot Travel Centers LLC, which owned GreenAmerica Biofuels Ord LLC as a subsidiary. The target operates an approximately 70 million-gallon-per-year ethanol plant in Ord, Nebraska. The transaction closed October 9, 2026. Financial terms have not been disclosed and remain confidential.

San Francisco – October 12, 2026 -- PayJoy, which serves more than 20 million customers across nine countries, has acquired select strategic assets of Finia AI, Inc., a venture-backed fintech that built AI underwriting for micro-businesses in Mexico. The announcement did not state a price.

PayJoy to apply Finia's underwriting technology across its global platform

The deal lets PayJoy use Finia's technology and expertise to strengthen its underwriting and widen its product range for customers with limited access to formal credit. PayJoy operates in Latin America, Africa and Asia, offering digitally secured smartphone financing, credit lines and the PayJoy Card. It has financed more than $3.5 billion of loans and employs more than 1,000 people.

LONDON – October 12, 2026 -- Constellation Cold Logistics has acquired Norwegian cold storage operator Impruv Logistics AS, adding 25,000 temperature-controlled pallet positions and lifting its capacity in Norway to 90,000.

Impruv's Langangen site extends Constellation's Nordic platform

Impruv operates a newly developed facility in Langangen, near Porsgrunn in Southern Norway. The site is positioned to serve food producers, importers and distributors across the region, and the business also brings a strong transport presence. Financial terms were not disclosed.

Impruv was founded by food logistics, warehousing and supply chain professionals. According to Chairman Bernt Ove Søvik, the company opened in mid-December 2025 and built its offering around proprietary IT solutions designed to give partners a competitive edge.