M&A Transactions in Delaware

Walan Specialty Construction Products is a materials‐supplier firm that produces and supplies granulated blast furnace slag and slag cement for use in concrete and construction applications. Walan Specialty Construction Products is based in Wilmington, Delaware.

Heidelberg Materials North America
Company
Building Materials
Irving, Texas
www.heidelbergmaterials.us

WorkPerfectly is a software company helping businesses create and share private podcasts for workforce productivity. The company creates professional podcast content and then securely, seamlessly distributes it to employees via its web and mobile apps. WorkPerfectly is based in Wilmington, Delaware.

uStudio
Company
Software
Austin, Texas
www.ustudio.com

Courseau is an AI-assisted content authoring platform designed to help organizations rapidly transform expert knowledge into engaging, evidence-based learning. With its focus on accessibility, accuracy, and interactivity, the company empowers organizations to build smarter learning experiences faster. Courseau is based in Middletown, Delaware.

LearnUpon
Company
Internet Software and Services
Dublin, Ireland
www.learnupon.com

BrightFields is an environmental consulting and remediation firm. BrightFields was founded in 2003 and is based in Wilmington, Delaware.

Terraphase Engineering
Company
Business Services
Oakland, California
www.terraphase.com

Grantseeker offers cloud-based software that supports nonprofit organisations in sourcing funding opportunities, tracking applications, managing deadlines, storing documentation, and reporting on outcomes. Grantseeker is based in Dover, Delaware.

Fluxx
Company
Internet Software and Services
San Francisco, California
www.fluxx.io

UCM Digital Health provides virtual healthcare services integrating urgent, emergent, and primary care through telehealth technology. UCM Digital Health’s platform connects patients to licensed clinicians 24/7 for medical consultations, mental health support, and care coordination, serving employers, insurers, and healthcare organisations. UCM Digital Health was founded in 2015 and is based in Claymont, Delaware.

Fabric
Company
Healthcare Services
New York, New York
www.fabrichealth.com

Lokken Investment Group provides financial planning and investment advisory services tailored to individuals and families in the coastal Delaware region. Lokken Investment Group offers retirement planning, portfolio management, and wealth preservation strategies under a fee-only fiduciary model. Lokken Investment Group was founded in 2008 and is based in Lewes, Delaware.

Dakota Wealth Management
Company
Business Services
Palm Beach Gardens, Florida
www.dakotawm.com

AddSlice offers a browser-extension based service that displays advertisements during users’ web browsing and pays participants for views of those ads. The Company serves internet users who want to monetize their browsing time and advertisers seeking ad placements. AddSlice is based in Wilmington, Delaware.

Thesis
Company
Software
San Mateo, California
www.thesis.co

SplxAI provides automated and continuous red-teaming solutions for conversational and generative AI applications. SplxAI is based in Dover, Delaware.

Zscaler
Company
Internet Software and Services
San Jose, California
www.zscaler.com

CorpoMax provides U.S. incorporation and trademark-registration services for businesses, helping with entity formation, document filings, and other corporate-vehicle services. CorpoMax was founded in 2001 and is based in Newark, Delaware.

Harbor Compliance
Company
Information Technology
Lancaster, Pennsylvania
www.harborcompliance.com

Wilmington PharmaTech is a specialty contract research, development, and manufacturing organization (CRDMO) focused on custom small molecule API development and manufacturing. It operates two adjacent state-of-the-art facilities with extensive cGMP manufacturing capabilities, including dedicated high potency API (HPAPI) suites, as well as registered starting material (RSM) support and R&D facility in Suzhou, China. Wilmington PharmaTech is based in Newark, Delaware.

Curewell Capital
Investor
Growth Capital Firm
Los Angeles, California
www.curewellcapital.com
Advisor: Kirkland & Ellis

Semantic Labs operates on a proprietary platform built to monitor, optimize, and scale paid campaigns with precision. Semantic Labs is based in Wilmington, Delaware.

Ziff Davis
Company
Internet Software and Services
New York, New York
www.ziffdavis.com

Shake is a Gen Z-focused gamified social platform where users predict outcomes in sports and entertainment to win real-world rewards. Shake was formed in 2024 and is headquartered in Dover, Delaware.

Rival
Company
Digital Media

www.rivalx.com

CF Power is a power systems engineering firm that offers electric power system analysis, design, and engineering services. CF Power is based in Wilmington, Delaware.

E Source
Company
Business Services
Boulder, Colorado
www.esource.com
Advisor: McGuireWoods

r2decide is an AI-powered ecommerce optimization platform designed to supercharge online stores with cutting-edge generative technologies. It focuses on enhancing product discovery, personalization, and conversion rates through multimodal search and intelligent content delivery. R2Decide is based in Wilmington, Delaware.

XGEN AI
Company
www.xgen.ai

Ansel Health is an insurance technology company that covers 13,000+ conditions and pays cash benefits upon diagnosis of a covered condition with no accident or hospitalization requirements. Ansel Health was founded in 2019 and is based in Claymont, Delaware.

Renaissance
Company
Insurance
Indianapolis, Indiana
www.renaissancebenefits.com