Mergers And Acquisitions

Oak Brook – September 23, 2026 -- UPG Enterprises LLC has filed voluntary Chapter 11 petitions in the U.S. Bankruptcy Court for the Northern District of Illinois, securing up to $6.1 million in debtor-in-possession financing from Firehorse Capital LLC to fund continued operations during a court-supervised sale process.

UPG targets a 60-day sale timeline under Section 363 of the Bankruptcy Code

The industrial operator, which runs steel processing, manufacturing, distribution and logistics businesses across more than twenty North American locations, is marketing its assets to multiple interested parties and expects the Chapter 11 filing to attract additional bidders. Chief Restructuring Officer John Sordillo said the process is designed to maximize value through going-concern sales while preserving relationships with customers, employees and partners.

New York – September 23, 2026 -- Forge, the B2B events and media company backed by Apollo, has agreed to acquire Becker's Healthcare from Pamlico Capital, adding a platform that reaches more than 1.5 million healthcare leaders and executives.

Becker's Healthcare brings a 15,000-attendee live events network to the deal

Chicago-based Becker's Healthcare hosts more than 15,000 attendees annually across its live events, serving hospital, health system and healthcare executives through digital products, executive communities and conferences.

Houston – September 23, 2026 -- Shell Offshore Inc. has closed the sale of its 50% non-operated stake in the Na Kika platform and its wholly owned Coulomb tieback in the Gulf of America, collecting approximately $840 million in cash proceeds after adjustments tied to a September 23, 2026 effective date.

Talos Energy and Ridgewood Energy affiliates take over Gulf of America assets

A subsidiary of Talos Energy and an affiliate of Ridgewood Energy acquired the interests, which were originally valued at $1.7 billion in total consideration at signing before customary adjustments and contingent payments. BP, which operates Na Kika, retains the remaining 50% working interest in the platform.

Atlanta – September 22, 2026 -- IPitomy Communications LLC, a subsidiary of Clarion Communications LLC, has released Resolvix, a new suite of AI-powered voice and chat agents built for its proprietary Unified Communications-as-a-Service (UCaaS) platform.

Resolvix delivers round-the-clock call and chat coverage for SMB clients

The tool set provides 24/7 coverage for phone calls and website live chat, automated lead qualification with accurate intake, and scheduling and next-step automation. Resolvix also supports natural, business-specific dialogue with multilingual capability, targeting small and mid-sized business customers across North America.

"Our customers are looking for practical ways to use AI to improve their customer experiences and employee productivity without adding complexity," said IPitomy CEO Joseph Haines, Sr., adding that the strategy centers on a unified platform combining communications, customer engagement and AI.

Munich – September 22, 2026 -- Persistent Systems Limited has secured 83.25% of Nagarro SE's outstanding share capital, clearing the minimum threshold for its EUR 81.00-per-share takeover offer and setting up a delisting from the Frankfurt Stock Exchange's Prime Standard.

Tender results exceed the 50%-plus-one-share minimum acceptance threshold

During the acceptance period that expired at midnight CEST on September 17, 2026, holders tendered 7,568,145 Nagarro shares, equal to approximately 61.15% of total share capital and voting rights. Persistent separately secured a 22.10% stake through a share purchase agreement with Lantano Beteiligungen GmbH, bringing the combined position to 83.25%, excluding treasury shares.

New York – September 22, 2026 -- IQSTEL Inc. (NASDAQ: IQST) reported net revenue of $37.5 million for July, translating to an annualized run rate of $450 million based on that single month's performance.

July revenue run rate tops company's $430 million full-year target

The Company said the July figure supports its previously stated $430 million full-year revenue objective. IQSTEL clarified that the annualized rate simply multiplies July net revenue by 12 and does not reflect revenue already booked or a change to its full-year forecast.

Ultranet acquisition expected to add $4.5 million in net income

IQSTEL is finalizing its planned acquisition of Ultranet, which management expects to contribute $4.5 million in net income once completed. The Company noted the projected contribution depends on closing the deal and subsequent operating performance.

Norwalk, Conn. – September 22, 2026 -- Heartwood Partners has made a growth investment in The Xtreme Group (TXG), a Miami-based aviation MRO platform, in partnership with the company's existing management team, the private equity firm announced. The transaction closed on May 29, 2026.

TXG operates a full-service MRO platform across three subsidiaries

Founded in 2013, TXG runs Xtreme Aviation LLC, an FAA Part 145 certificated provider of airframe maintenance and line maintenance across major U.S. airports; Ignite Aero Engines, which specializes in CFM56 and CFM34 turbine engine overhaul; and Aventus Air Leasing II, which handles acquisition, refurbishment, and leasing of aircraft and engines. The company serves cargo, commercial, and charter operators from its Miami headquarters.

Natick, Mass. – September 22, 2026 -- Cognex Corporation (NASDAQ: CGNX) has agreed to acquire RealSense, the market leader in depth-sensing cameras for robotic perception and Physical AI, for approximately $500 million in cash, the company announced. The deal, financed entirely from Cognex's existing cash and investments, is expected to close in the fourth quarter of 2026 subject to customary conditions.

RealSense revenue is set to grow more than 50% to $80-90 million in 2026

RealSense, originally founded by Intel in 2014 and spun out as an independent company in 2025, is projected to generate $80 million to $90 million in revenue this year, representing growth of more than 50% over the prior year. The company's 3D perception technology serves fixed-arm robotics, autonomous mobile robots, quadrupeds and humanoids.

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.

New York – September 21, 2026 -- Lazard, Inc. (NYSE: LAZ) has appointed Matt Spence as Head of Defense Technology and Emerging Technology within its Technology Group, based in San Francisco.

Spence brings a defense-tech banking franchise he built at Barclays

Spence most recently served as Managing Director and Global Head of Venture Capital Banking at Barclays, where he established and led the firm's defense-tech and dual-use technology investment banking practice. He will advise defense, security, and emerging technology companies on M&A transactions and financings at Lazard.

Career spans government, venture capital and banking

Before Barclays, Spence held senior roles at Guggenheim Partners and served as a Partner at Andreessen Horowitz. He spent seven years in senior U.S. national security positions, including as Deputy Assistant Secretary of Defense for Middle East Policy and on the White House National Security Council.