Mergers And Acquisitions

Wood Dale, Illinois – September 29, 2026 -- AAR CORP. (NYSE: AIR) has agreed to acquire a 65% controlling interest in MRO Holdings at an implied enterprise value of $4.0 billion, creating what the company calls the largest heavy maintenance MRO operation in the world, servicing nearly 3,000 aircraft annually.

AAR values MRO Holdings at 10.7x forecasted 2026 EBITDA

The valuation represents 10.7 times MRO Holdings' forecasted full calendar year 2026 adjusted EBITDA, factoring in $75 million of anticipated run-rate cost synergies and net of transaction-related tax benefits with an expected present value of approximately $150 million.

Denver – September 29, 2026 -- Gates Industrial Corporation Ltd. (NYSE: GTES) has completed the acquisition of The Timken Company's belts business, including select manufacturing assets, expanding its North American power transmission footprint.

Gates gains manufacturing capacity and customer ties across three key markets

The deal adds production capacity and customer relationships spanning industrial original equipment manufacturers, the industrial aftermarket, and mobility power sports segments. Gates said the acquisition also strengthens its talent base with the addition of former Timken employees.

Providence – September 29, 2026 -- Alloy Holdings, LLC has completed the acquisitions of privately held GSM Metals, Inc. and Cimini & Associates, Inc., adding precious-metal mill products and advanced electrical materials capacity to its Rhode Island-based manufacturing platform. The deals closed on September 29, 2026, according to the company.

Alloy Holdings adds two Rhode Island manufacturers to its metals and materials portfolio

GSM Metals, based in Cranston, will retain its name and operations, supplying precious-metal mill products for premium and luxury jewelry, commercial, and specialty-material applications. Cimini & Associates, based in Westerly, will operate as C&A Advanced Materials, manufacturing electrical materials and components for grid infrastructure, power generation, and distribution, including high-performance rod materials used in nuclear reactor technology globally.

Houston – – September 28, 2026 -- Vortex Companies has acquired Municipal & Contractors Sealing Products, LLC (MCSP), a Cincinnati-based trenchless infrastructure rehabilitation contractor, expanding its geotechnical and Midwest operating footprint.

MCSP brings 25 years of specialized rehabilitation expertise to Vortex's platform

Founded in 2000 by Bob O'Connor, MCSP has spent more than two decades rehabilitating municipal storm water and sanitary sewer systems across multiple U.S. states. The company specializes in geopolymer and cementitious spray lining, protective coatings, chemical grout injection, and rehabilitation of pipelines, manholes, culverts and tunnels.

Cleveland – September 28, 2026 -- TransDigm Group Incorporated (NYSE: TDG) has completed its acquisition of Prince & Izant ("P&I") for approximately $1.066 billion in cash, including certain tax benefits, financed entirely through cash on hand.

TransDigm pays $1.066 billion cash to acquire aerospace brazing alloy maker

The deal, first announced on July 27, 2026, brings under TransDigm's umbrella a company formerly owned by private equity firm Industrial Growth Partners. Prince & Izant, headquartered in Cleveland, Ohio, designs and manufactures highly engineered brazing alloys and specialty metal components for advanced performance, high cost-of-failure applications.

Iselin, N.J. – September 28, 2026 -- World Insurance Associates LLC, a Top 50 U.S. insurance brokerage, has acquired the business of American Insurance Agency of Hingham, Massachusetts, in a deal closed June 1, 2026. Financial terms of the transaction were not disclosed.

World expands its footprint in the greater Boston market

American Insurance, founded in 1991, has built specialized expertise across construction, manufacturing, hospitality, restaurants, real estate, auto services, energy, entertainment and amusement, special events, and skating and sports facilities. The agency's addition strengthens World's presence in the greater Boston area, according to Rich Eknoian, Executive Chairman and Founder of World.

New York and London – September 28, 2026 -- The Visualize Group has completed its acquisition of eCOGRA, combining the gaming compliance provider with BMM Testlabs to create a testing, inspection, certification, and compliance (TICC) platform holding licenses or accreditations in more than 800 jurisdictions worldwide.

The deal, first announced June 30, 2026, closed after receiving customary regulatory approvals. Financial terms were not disclosed.

Combined platform covers nearly every regulated gaming jurisdiction globally

The merger positions the combined entity to support gaming suppliers entering newly regulated markets immediately, according to Visualize. eCOGRA joins BMM Testlabs, which Visualize acquired earlier in 2026, as the private investment firm builds out its regulated-gaming services portfolio.

West Chicago, Illinois – September 22, 2026 -- Titan International (NYSE: TWI) has agreed to sell its Italtractor ITM undercarriage business to Italy's USCO S.p.A. in a deal set to deliver up to $285 million in total cash value to the wheel and tire manufacturer.

Deal structure delivers up to $285 million across multiple payment streams

Titan will receive an initial purchase price of $207 million, plus up to $6 million in earnout proceeds tied to ITM's 2026 performance targets. Customary net-asset adjustments at closing are expected to add roughly $23 million in additional value. Titan has also received or expects to receive $49 million in dividends from ITM, including $38 million collected in recent years and $11 million anticipated before closing.

Austin, Texas – September 20, 2026 -- T3 Services Group has acquired Element Home Services, expanding its residential HVAC, plumbing and electrical platform to eight partner companies across seven states.

Element brings four branches across the Mountain West region

Founded in 2016, Element operates branches in Jackson Hole, Wyoming; Durango, Colorado; St. George, Utah; and Prescott, Arizona. The company provides around-the-clock repair, maintenance and replacement services for residential customers.

T3 Services Group CEO cites strong culture and community ties as deal rationale

"Jon and Jaimie have built an exceptional company with a strong culture, talented people and a genuine commitment to the communities they serve," said Joe Finney, chief executive officer of T3 Services Group. Finney said the acquisition expands T3's Mountain West presence.

Dallas – September 20, 2026 -- Softcat plc, a FTSE 250-listed UK IT infrastructure provider, has signed a definitive agreement to acquire Dallas-based GDT, creating a combined transatlantic technology solutions platform spanning North America, the UK and Ireland. The transaction is expected to close no later than the end of Q1 calendar year 2027, subject to customary regulatory filings and approvals.

Softcat targets North American scale after multi-year search

Softcat, ranked CRN's #1 VAR in the UK for three consecutive years, said the acquisition concludes a multi-year effort to find a North American partner with sufficient scale, technical depth and cultural fit to anchor its international growth strategy. Softcat Executive Director and CEO Graham Charlton said GDT met every benchmark the company sought, including established US enterprise customers, deep data center and networking expertise, and a customer-first culture matching Softcat's own.