Mergers And Acquisitions

Chicago – September 26, 2026 -- Rexel is acquiring specialty wire and cable distributor GCG from Audax Private Equity in a deal expected to close by year end, the companies announced.

GCG has grown to over $1.1 billion in revenue since Audax's 2019 acquisition

GCG, headquartered in Chicago, operates through two segments -- Custom Engineered Solutions (CES) and Connectivity & Power Solutions (CPS) -- serving data centers, power infrastructure, defense, building systems, water, telecom and industrial end markets. The company runs 16 locations across North America and Europe with more than 950 employees and is projected to exceed $1.1 billion in revenue in 2026.

Fort Worth, Texas – – September 25, 2026 -- Crescent Real Estate LLC has closed the sale of The Hotel at Avalon, a 330-room luxury property in Alpharetta, Georgia, marking one of the most notable hotel transactions in the Atlanta market in recent years.

Crescent acquired the property in September 2020 during peak pandemic uncertainty

The firm bought the hotel amid what it called "unprecedented uncertainty" in the hospitality sector, betting on the long-term strength of the asset despite widespread investor caution at the time. Christopher Goff, Senior Managing Director and Head of Capital Formation at Crescent, said the firm acquired the property at a basis reflecting that period of extraordinary market disruption.

Raleigh, N.C. – September 25, 2026 -- Cardinal Infrastructure Group Inc. (Nasdaq: CDNL) has expanded its total credit facility commitments to $550 million after its subsidiary, Cardinal Civil Contracting, LLC, signed a second amendment to its senior secured credit agreement.

New $250 million delayed draw term loan targets acquisitions

The amendment adds a delayed draw term loan facility of up to $250 million, which the company can access in as many as five separate advances over 18 months through March 2028. Cardinal intends to use the proceeds to finance permitted acquisitions and related fees and expenses. The facility remained undrawn at the completion of syndication.

McLean, Va. – September 25, 2026 -- Iridium Communications Inc. (Nasdaq: IRDM) stockholders have formally approved the company's acquisition by Rocket Lab Corporation (Nasdaq: RKLB), clearing a critical hurdle for a deal valued at $54.00 per share on a notional basis.

Shareholders back the deal with overwhelming margin

At a special meeting, approximately 99.6% of votes cast supported the merger agreement, representing roughly 81.0% of Iridium's total outstanding common stock entitled to vote. Full voting results will be disclosed in a Form 8-K filing with the U.S. Securities and Exchange Commission.

Deal terms combine cash and stock in collared exchange

Under the agreement, Iridium stockholders will receive $27.00 in cash plus Rocket Lab shares calculated under an exchange ratio subject to a collar, for each share of Iridium common stock held at closing. The combined consideration carries a notional value of $54.00 per Iridium share.

Boston – September 25, 2026 -- RS2 Healthcare Partners has completed an investment in KMM Group, a Hatboro, Pennsylvania-based precision contract manufacturer for the medical device industry, marking the Boston private equity firm's first new platform deal since narrowing its focus exclusively to lower middle-market healthcare investing.

RS2 names industry veteran J. Mark King as KMM's new CEO

J. Mark King, who brings more than 30 years of medical device industry experience, has been appointed President and Chief Executive Officer of KMM. King previously served as President and CEO of Tegra Medical, a medical device contract manufacturer and former RS2 portfolio company, and has also acted as an advisor to KMM prior to the deal.

"I am honored and excited to continue building on KMM's momentum," King said, citing a long working history with RS2's principals.

Beijing – September 25, 2026 -- Cloopen Group Holding Limited (OTC: RAASY) shareholders approved a merger agreement that will take the Chinese cloud communications provider private, with approximately 99.98% of votes cast at an extraordinary general meeting backing the deal.

Shareholders clear merger with SpringX Holdings and related entities

The Merger Agreement involves SpringX Holdings Limited as Parent, AutumnX Holdings Limited as HoldCo, and SummerX Holdings Limited as Merger Sub, all exempted companies incorporated in the Cayman Islands. Under the structure, Merger Sub will merge into Cloopen pursuant to Part 16 of the Cayman Islands Companies Act, with Cloopen surviving as a wholly-owned subsidiary of HoldCo.

New York – September 24, 2026 -- People Incorporated (NASDAQ: PPLI) has withdrawn its proposal to acquire all public shares of MGM Resorts International, ending a bid to take the casino and hospitality operator private.

Diller cites unresolved deal terms as reason for retreat

Chairman and Senior Executive Barry Diller said the company "didn't feel the mix was coming together" as hoped and opted against pursuing a going-private transaction at this time.

People Incorporated retains 27% stake worth 66.8 million shares

The company confirmed it continues to hold 66.8 million MGM Resorts shares, representing approximately 27% of the company, and expressed continued confidence in MGM management and its business outlook.

Dallas – September 24, 2026 -- HudsonLake, the strategic communications firm acquired by MikeWorldWide (MWW) in May 2026, has elevated Quinton Crenshaw to president, giving him full executive oversight of the firm's Dallas-based operations.

Crenshaw takes the helm after a decade as executive vice president

Crenshaw, who has spent ten years in leadership roles at HudsonLake, will now direct strategy across the firm's 25-year-old organizational transformation and labor communications practice. He previously advised Fortune 500 executives across North Texas on corporate communications, internal change and brand transformation. "By combining our specialized workforce expertise with MWW's scale and multi-channel reach, we are unlocking extraordinary new opportunities for our clients, our culture and our people," Crenshaw said.

Delray Beach – – September 24, 2026 -- The global Workforce Management (WFM) market is projected to grow from $10.6 billion in 2026 to $17.2 billion by 2031, a compound annual growth rate of 10.1%, according to a new report from MarketsandMarkets. The market stood at $9.6 billion in 2025, with North America alone accounting for $3.4 billion of that total.

Analytics and optimization tools post the fastest segment growth

Within the market, workforce optimization and analytics is expected to expand at a 13.2% CAGR, the highest of any solution category, as enterprises push to use data for staffing decisions and labor planning. The broader solutions segment held the largest share of the market in 2025, while services are forecast to register the fastest growth rate as organizations outsource implementation, integration, and managed support for increasingly complex scheduling, timekeeping, and compliance systems.

Los Angeles – September 24, 2026 -- Tangram Interiors, a Steelcase dealer generating nearly $300 million in annual sales, has completed a management buyout installing company president Nick Meter as chief executive, succeeding Joe Lozowski after his 25-year tenure at the helm.

Meter acquires significant ownership stake from the Lozowski family

Meter led the buyout, taking a significant equity position in the firm previously held by the Lozowski family, which retains a minority interest. Lozowski will remain involved as an executive advisor during the transition, and family members continue to be active in the business.