# Special Project Delivery to merge with Winner Water Services

Special Project Delivery (SPD) has signed a definitive agreement to combine with Winner Water Services as part of a three-way merger with Mobix Labs' National Security Matters platform. Winner Water recovers rare earth elements from coal ash. Terms were not disclosed.

- Type: Acquisition
- Announced: 2026-10-06
- Where: United States
- Status: announced
- Products: rare earth elements, scandium, alumina
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Mobix Labs](https://endata.com/companies/16048.md) (partner)
- [Special Project Delivery](https://endata.com/companies/94472.md) (acquirer)
- [Winner Water Services](https://endata.com/companies/94473.md) (target)

## Sources

- [dealroom.co](https://dealroom.co/news/160366-rare-earths-merger-unites-special-project-delivery-mobix-labs-winner-wat/), 2026-10-06: "California-based supply chain builder Special Project Delivery (SPD) has signed a definitive agreement to combine with Winner Water Services, a US rare earths company, as part of a three-way merger."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.