2025 M&A Transactions

Pet Butler
Company
Consumer Services
Plainfield, Illinois
www.petbutler.com

Excellicon is a privately funded EDA (Electronic Design Automation) company that provides a comprehensive platform of products covering the entire spectrum of timing constraints authoring, compiling, verification, formal validation, and management using a multi-mode approach. Excellicon was formed in 2011 and is based in Laguna Hills, California.

Siemens Digital Industries Software
Company
Software
Plano, Texas
www.sw.siemens.com

Delco Storm & Sewer Services is a provider of sewer, drain, and complex plumbing solutions for residential, commercial, and municipal clients throughout Delaware County and surrounding communities. Delco Storm & Sewer Services is based in Lansdowne, Pennsylvania.

Sila Services
Company
Business Services
King of Prussia, Pennsylvania
www.sila.com

WasteXperts provides hands-on, onsite waste management and recycling compliance services. WasteXperts is based in Reno, Nevada.

Ally Waste
Company
Environmental
Mesa, Arizona
www.allywaste.com

Comprehensive Chemical and Water Treatment (CCWT) offers tailored water treatment programs that maintain and improve efficiencies across heating & cooling systems, including monthly testing and comprehensive water analyses for unique system needs.

Rochester Midland
Company
Chemicals
Rochester, New York
www.rochestermidland.com

ZT Systems Data Center Infrastructure Manufacturing Business provides high-performance Cloud and AI infrastructure for hyperscalers. Its advanced liquid cooling capabilities and manufacturing facilities offer end-to-end systems integration, from components to complete racks, for the Cloud and AI infrastructure ecosystem.

Sanmina
Company
Manufacturing
San Jose, California
www.sanmina.com
Advisors: Allen Overy Shearman Sterling (A&O Shearman) , BofA Securities , Foros Group

ZT Systems
Company
Information Technology
Secaucus, New Jersey
www.ztsystems.com

United Energy Partners specializes in energy audits, solar design, and installation, based in Tempe, Arizona.

One X
Company
www.onexcp.com

TXNM Energy is an energy holding company that serves electricity to more than 730,000 homes and businesses in New Mexico and Texas. TXNM Energy was founded in 1882 and is based in Albuquerque, New Mexico.

The Blackstone Group
Investor
Private Equity Firm
New York, New York
www.blackstone.com
Advisors: Kirkland & Ellis , J.P. Morgan Securities , RBC Capital Markets

Relevant is a compressed, oil-free air rental provider to end-users in refineries, petrochemicals, power generation, food and beverage, pharmaceuticals, plastics, and other industrial settings. Its fleet can address a full spectrum of pressure and flow needs for its customers, who often operate in environments in which tailored solutions for oil-free air are required. Relevant was founded in 1984 and is based in Houston, Texas.

Fusion Capital Partners
Investor
Private Equity Firm
Santa Monica, California
www.fcpartners.com
Advisors: Kirkland & Ellis , Solomon Partners

Capital Southwest
Investor
Business Development Company
Dallas, Texas
www.capitalsouthwest.com

LKCM Headwater Investments
Investor
Private Equity Firm
Fort Worth, Texas
www.lkcmheadwater.com

Groww
Company
Financial Services
Bengaluru, India
www.groww.in

Fifth Avenue is an independent, specialized medical malpractice insurance agency. Fifth Avenue was founded in 1993 and is based in Tulsa, Oklahoma.

HUB International
Company
Insurance
Chicago, Illinois
www.hubinternational.com

Aerial Platforms is a rental provider of powered access lifting equipment for working at height. Aerial Platforms was founded in 2007 and is based in Leigh, England.

Centurion
Company
Business Services
Aberdeen, United Kingdom
www.centuriongroup.co.uk

Build in Amsterdam is a Shopify design and development agency that builds digital flagship stores for premium and luxury brands in the fashion and lifestyle space. Build in Amsterdam is based in Amsterdam, Netherlands.

Front Row
Company
Marketing
New York City, New York
www.frontrowgroup.com

Inozyme Pharma is a biopharmaceutical company specializing in the development of novel therapeutics to treat rare metabolic diseases. The company's lead product candidate is INZ-701, an enzyme replacement therapy (ERT) in the early stages of clinical development for the potential treatment of patients with a variety of calcification disorders linked primarily to mutations in the ENPP1 and ABCC6 genes, or ENPP1 Deficiency and ABCC6 Deficiency respectively. It has demonstrated proof of concept with INZ-701 in both GACI and ARHR2 two phenotypes of ENPP1 Deficiency. Inozyme Pharma was formed in 2015 and is based in Boston, Massachusetts.

BioMarin Pharmaceutical
Company
Life Science
San Rafael, California
www.biomarin.com
Advisors: Cooley , Goldman Sachs

TeleAlarm Group is a provider of remote care technology that combines hardware and software solutions, enabling independent living across the social care and home care segments. TeleAlarm Group was founded in 1956 and is based in Leipzig, Germany.

ASSA ABLOY
Company
Manufacturing
Stockholm, Sweden
www.assaabloy.com

Farmers Implement & Irrigation is a two-store New Holland dealership offering agricultural equipment, parts, service, and more. Farmers Implement & Irrigation was founded in 1946 and is based in Brookings, South Dakota.

Titan Machinery
Company
Retail
West Fargo, North Dakota
www.titanmachinery.com