Mergers Acquisitions

Paris – October 17, 2026 -- SAP intends to acquire TechWolf, a skills-intelligence vendor that Brandon Hall Group says surfaces in nearly every in-depth enterprise skills discussion it holds with clients.

TechWolf's context graph is meant to ground SAP's Joule agents

SAP says TechWolf's context graph can serve as a grounding layer for agent queries. According to SAP, that foundation can make token usage more efficient and make Joule more intelligent in skills-based hiring, workforce planning and role redesign.

Brandon Hall Group Chief Strategy Officer commentary frames the deal as broader than skills. TechWolf increasingly pairs Skills Intelligence, Work Intelligence and Market Intelligence. That model links individual tasks, the skills employees apply and conditions in the external labor market.

Los Angeles – October 16, 2026 -- Fengate Private Equity, a division of Fengate Asset Management, has partnered with Clinical Research of West Florida (CRWF), an independent trial site operator with more than 1,000 completed trials, in a deal with undisclosed terms.

Westcove Partners, LLC acted as exclusive financial advisor to CRWF. Its deal team comprised Managing Directors Justin Hand and Abe M'Bodj, Director Bill Bolding, Vice President Geno Catalano and Associate Andrew Hartono.

CRWF runs three Phase I-IV facilities across Tampa Bay

Founded in 1995, CRWF operates three Phase I-IV facilities in the Tampa Bay area. The company has conducted more than 1,000 trials across a broad range of therapeutic areas and has differentiated expertise in complex autoimmune and rheumatology indications.

Salt Lake City – October 16, 2026 -- BorboletaPro has acquired Dulce Lash Artistry and been named preferred lash and brow education partner of Paul Mitchell Advanced Education (PMAE), giving it a route into the Paul Mitchell Schools network nationwide.

Under the arrangement, BorboletaPro will supply its professional products, specialized curriculum and hands-on training across the school network. The company said the initiative is designed to link traditional cosmetology and esthetics education with specialized lash and brow skills. Financial terms of the acquisition were not disclosed.

New York – October 16, 2026 -- Mubadala Capital has completed its acquisition of Clear Channel Outdoor Holdings, a transaction valued at approximately $6.2 billion, after receiving all applicable regulatory approvals and the approval of Clear Channel stockholders.

AT&T sells Mexico unit to Grupo Televisa and Fintech Holdings

AT&T agreed to sell AT&T Mexico to Grupo Televisa and Fintech Holdings. The company said the sale sharpens its focus and capital allocation on building the strongest network in the United States through continued fiber and 5G investment.

Workday to buy C1.ai to manage identity for people and AI agents

Workday agreed to acquire C1.ai, an agentic identity platform. Workday said the deal will let it give every person and AI agent the right access from the day they join to the day they leave.

Irvine – October 16, 2026 -- Janssen Auto Group has acquired Gregg Young Chevrolet in Plattsmouth, Nebraska, from Gregg Young Automotive Group, giving it a ninth franchised dealership in the state. Performance Brokerage Services advised on the transaction. Financial terms were not disclosed.

Janssen consolidates two Plattsmouth stores under one owner

The Chevrolet store follows Janssen's late-2025 purchase of Gregg Young Chrysler Dodge Jeep Ram in Plattsmouth. Janssen Auto Group previously operated eight dealerships across Ford, Chevrolet, GMC, Honda, Chrysler, Dodge, Jeep and Ram. The Chevrolet dealership will be renamed Janssen Kuenle Chevrolet and will stay at its current location.

Owner Dave Janssen said the group is looking forward to working with the broker on its "next acquisition."

Tokyo – October 16, 2026 -- NIPPON EXPRESS HOLDINGS, INC. (NX Group) acquired all shares of Canada-based logistics company Metro Supply Chain Group Inc. on October 1, 2026, making it a wholly owned subsidiary and extending NX Group's contract logistics reach in North America.

The companies marked completion with an employee town hall and a closing ceremony in Montreal on October 7, 2026. NX Group President and CEO Satoshi Horikiri and Metro Supply Chain Group Founder and Group Chairman Chiko Nanji attended. They presented NX Group's vision to Metro's management and staff and pledged to work as one team on sustainable growth across North America and global markets.

Stamford – October 16, 2026 -- Olympus Partners has agreed to sell MEI Industrial Solutions, a U.S. equipment execution services provider with nearly 2,500 employees, to 26North Partners LP. The announcement did not disclose financial terms or a closing timeline.

MEI provides rigging, machinery moving, industrial storage, millwrighting, custom crating and integrated logistics. Its customers include data center and semiconductor operators, as well as other industrial end markets.

MEI expanded from 16 to 30 locations under Olympus ownership

During Olympus' ownership, MEI entered Chicago, Miami, Providence and Richmond. It quadrupled indoor storage capacity to more than 10 million square feet and completed seven strategic acquisitions.

White Plains – October 15, 2026 -- Rockbridge Growth Equity-backed FormativGroup has acquired Saige Consulting, an AI and technology consulting firm, to add AI implementation and software engineering capacity to its application and data architecture business. The announcement did not include financial terms.

FormativGroup combines application platforms with Saige's AI delivery

FormativGroup brings application platforms, workflow development and data architecture. Saige adds technology strategy, software development and AI implementation. The companies say the combined offer covers a client engagement from strategy through scalable delivery.

Saige works with public and private sector organizations on cloud, data, AI and workflow automation. It has experience embedding AI and automation in core business workflows, which the companies describe as moving clients from aspirational thinking to repeatable use cases.

Columbus – – October 13, 2026 -- Vertiv (NYSE: VRT) has acquired Strategic Thermal Labs LLC (STL), a specialist in advanced liquid-cooling technologies, to strengthen its engineering capability where server-side liquid cooling meets supporting infrastructure in AI and high-performance computing environments. Financial terms were not disclosed.

STL adds cold-plate design and high-density thermal validation expertise

STL brings cold-plate design, server-side liquid cooling and high-density thermal validation capabilities. Vertiv expects the expertise to improve its ability to simulate and emulate real high-density compute conditions.

The company also expects to optimize the interaction between the thermal chain and the power train. It plans to support customers across design, integration, commissioning and lifecycle operations.

Columbus – October 13, 2026 -- Vertiv (NYSE: VRT) has completed its acquisition of ThermoKey S.p.A., adding heat rejection and heat-exchange manufacturing capacity in Europe, the Middle East and Africa (EMEA) as AI factories and high-density data centers drive demand for thermal systems. The release does not disclose financial terms.

ThermoKey adds heat-exchange and dry cooler technology to Vertiv's thermal chain

ThermoKey supplies heat-exchange solutions and dry coolers, and its technology is compatible with low-GWP and natural refrigerants. Vertiv says this complements its existing portfolio and lets customers optimize for performance, site conditions and growth. The company already uses ThermoKey technologies in select thermal solutions.