Star Step Performance Coatings Group acquired Royal Powder Corporation, a provider of custom-formulated powder coatings.

Star Step Performance Coatings Group acquired DAAS & Chemicals S.P.A., a global coatings manufacturer headquartered in Pordenone, Italy, with facilities in Italy, the Philippines and the United States.

Autoneum completed the acquisition of a 70% majority stake in Chinese automotive supplier Jiangsu Huanyu Group, effective February 28, 2025, after receiving regulatory approvals. The deal was announced in November 2024.

Aptean announced the signing of a definitive agreement to purchase Germanedge, a provider of industrial software for manufacturers, from Alpina Partners and private shareholders. The transaction is subject to regulatory approvals.

Demetra Holding has acquired a 51% stake in Swiss company GetSet Surgical to expand its offerings within the spine sector. The collaboration will integrate Demetra's technologies with GetSet's sterile spine procedure kits.

MM Group sold its packaging subsidiary MM Bangor to Cordovan Capital, with MP Corporate Finance as exclusive financial advisor to the seller. MM Bangor had been acquired by MM Group in October 2022 as part of Essentra Packaging.

Scruggs Company and Neil Technical Services, a Rox Capital Partners portfolio company, acquired Mid America Valve, a Kansas-based distributor of valves and fittings for the water and wastewater industry. Mid America Valve will continue operating under its established name.

Sure Mechanical Group, a minority-owned firm based in South Cumminsville, has acquired Cincinnati Air Condition Co., a nearly 90-year-old Cincinnati company. Terms were not disclosed.

Integrated Power Services (IPS) acquired Switchgear Solutions, Inc. in Tucson, Arizona, and certain assets from ABB's Industrial Service Business in September 2024, expanding its network to 92 locations across North America, the UK, Europe, and the Caribbean.

Economic Alternatives, Inc. (EAI) acquired Western Water, an industrial water treatment company based in Aptos, California. The acquisition expands EAI's personalized water treatment services into Northern California.

Teleflex agreed to buy substantially all of Biotronik's vascular intervention catalog for about €760 million ($791 million), including drug-coated balloons, stents, and the PK Papyrus rescue stent. The deal is expected to close by the end of Q3 2025.

AAON purchased a new 787,000 square foot building in Memphis, Tennessee to meet demand for HVAC solutions.

Amplio Private Equity has acquired Edekyl & Värme, a Swedish heating solutions company.

Censco LLC acquired Mucell Extrusion Technology LLC from Zotefoams PLC, gaining full control over the Mucell Extrusion brand and its microcellular foaming technology for plastics extrusion.

LABA intends to acquire a 45% stake in PT Gotion Indonesia Materials (GIM). The announcement was made on February 27, 2025.

SEALSQ Corp has entered exclusive negotiations to acquire 100% of IC'ALPS SAS, an ASIC design specialist based in Grenoble, France. The acquisition is subject to due diligence, definitive agreements, and French regulatory approval.

Midea Group announced the completion of its acquisition of ARBONIA climate, a division of ARBONIA AG, for an enterprise value of 760 million euros. The acquired business will be combined with Clivet S.p.A. to form MBT Climate, a new group in the European HVAC industry.

Argonaut Private Equity has acquired Pryer Aerospace, an aerospace manufacturing company based in Tulsa, Oklahoma, for its Fund V portfolio. Pryer Aerospace specializes in complex aerospace structural assembly components for military, commercial, and space programs.

Schwing Bioset, Inc. has entered into a definitive agreement to purchase all shares of Revinu Companies, a biosolids management company based in Winter Haven, Florida. The acquisition will vertically integrate Schwing Bioset's services from equipment design through operation and reuse of biosolids products.

Detroit Manufacturing Systems, Android Industries, and Avancez have entered into an agreement to join together and form a new combined entity, Voltava LLC, unifying their strengths in complex module assembly and sequencing for the automotive industry.

Wize Solutions has acquired York Warehouse Equipment Erectors, a materials handling equipment installation company based in Phoenix, Arizona. The acquisition will help Wize expand into new US markets. Financial details were not disclosed.

Astrak Group, a global player in undercarriage parts and wear parts for heavy equipment, acquired West-Trak, a supplier of wear parts for heavy equipment in New Zealand. The acquisition expands Astrak's presence into the southern hemisphere.

Erasteel acquired a part of the assets of Crucible Industries LLC, an American steelmaker specializing in powder metallurgy, high-speed steels and stainless steels. The acquisition strengthens Erasteel's presence in the United States.

SkyWater Technology agreed to purchase Infineon's 200 mm fab in Austin, Texas (Fab 25) and signed a long-term supply agreement. The transaction includes nearly 1,000 employees transitioning to SkyWater.

UltraTech Cement announced a share swap ratio of 1:52 for the acquisition of Kesoram Industries from BK Birla Group, effective March 1. The enterprise value of Kesoram is estimated at Rs 7,600 crore, and the acquisition will increase UltraTech's cement capacity to 149 mtpa.

Mutares SE & Co. KGaA signed an agreement to acquire NBHX Trim Europe from Ningbo Lawrence Automotive Interiors Co., Ltd. The acquisition, valued at approximately EUR 200 million in revenue, is expected to close in Q2 2025 and will strengthen Mutares' Automotive & Mobility segment.

TreeToTextile welcomed Lenzing Group as a new shareholder, joining H&M Group, Inter IKEA Group, Stora Enso and LSCS Invest, to accelerate development of next-generation cellulose fiber for textile and nonwoven applications.

Saint-Gobain completed the acquisition of Fosroc for €960 million ($1.02 billion), strengthening its presence in India, the Middle East, and Asia-Pacific with construction chemical solutions.

Propex Geosynthetics has acquired Tuflex India, expanding its production capacity for nonwoven geotextiles in South Asia. The deal aims to meet rising demand for erosion control solutions.

Thermo Fisher Scientific entered a definitive agreement to acquire Solventum's Purification & Filtration business for approximately $4.1 billion in cash. The business generated about $1 billion in revenue in 2024 and has around 2,500 employees globally.

City Cement Co. issued a firm intention to acquire full ownership of Umm Al-Qura Cement Co. through a share-swap deal, with a swap ratio of 1.11 City Cement shares per 1 Umm Al-Qura share. The resulting entity will be City Cement Co.

Sylvester & Cockrum, a commercial HVAC services provider, announced the tuck-in acquisition of South Carolina-based Lowry Mechanical, a mechanical contractor specializing in HVAC, plumbing, and specialty fabrication. The acquisition strengthens S&C's position in the Carolinas.

Ondex Automation, backed by Shore Capital Partners, acquired Automation & Control Inc. (ACI), a Moorestown, NJ-based systems integrator serving pharmaceutical, packaging, and chemical sectors.

Franklin Electric has acquired PumpEng Pty Ltd, a Perth-based maker of submersible dewatering pumps for the mining sector. PumpEng has locations in Kalgoorlie, Townsville, Adelaide and Twin Falls, Idaho, and about 50 staff.

Hoerbiger is acquiring the BICERA explosion relief valve product line from Penn-Troy Manufacturing, including customer relationships, intellectual property, brand and production. The line strengthens Hoerbiger's safety portfolio and its presence in the US market.

Beijer Tech, a subsidiary of Beijer Alma, signed an agreement to acquire the assets of Uudenmaan Painehuolto Oy (UPH), a Finnish compressed air equipment distributor and maintenance company with about EUR 3.3 million annual revenue. Closing is expected in March 2025.

Hitech Corporation entered an agreement to acquire a 100% stake in Thriarr Polymers.

Newly formed Stronvar Aerospace acquired Electro Methods Inc. (EMI), a South Windsor, Connecticut-based specialist in fabrication of high-value assemblies using exotic aerospace alloys for aero engine OEMs.

NUTAI announced the integration of INREMA, a company with over 30 years of experience in machine tool solutions, into its business group.

Epta acquired SET Refrigeración S.L., a Seville-based company specializing in commercial refrigeration and air-conditioning installation and after-sales services, effective 1 February 2025.

Belgian machine builder Sticomax is acquiring Dutch sector colleague FoodeQ Engineering, which specializes in vibrating transport and process technology for the food industry. The acquisition strengthens Sticomax's position as a leading international player in food industry machinery.

Teaminvest Private Group's subsidiary Automation Group Investments has acquired a 50% interest in Brodersen Systems Asia Pacific, the local importing subsidiary of Danish automation solutions provider Brodersen A/S. The deal includes an upfront payment of $0.4 million and deferred consideration of up to $0.2 million.

Ennostar Inc's board approved a restructuring plan to merge its subsidiaries EPISTAR and Lextar into a single entity tentatively named Ennostar Corp, effective October 1, 2025. The merger aims to accelerate business expansion in high-value-added optoelectronic applications.

Berry Global Group acquired CMG Plastics, a North American producer of containers, bottles, closures and specialty packaging with about 170 employees. PMCF Investment Banking served as exclusive financial advisor to CMG.

ARCH Medical Solutions Corp. acquired KISS Technologies, LLC, a provider of prosthetic suspension systems based in Owings Mills, Maryland. The acquisition strengthens ARCH's position in the prosthetics market.

Lone Star Funds announced a definitive agreement to acquire the Specialty Chemicals and High Performance Polymers Business Areas of RadiciGroup, an Italian chemical company.

Hon Hai Precision Industry Co. Ltd., through its subsidiary New Wing Interconnect Technology (Bac Giang), acquired a 25% equity stake in Goertek Electronics Vietnam Co. Ltd for $50 million, subject to regulatory approvals.

Foxconn Interconnect Technology (FIT), through its subsidiary New Wing Interconnect Technology (Bac Giang), acquired Goertek Electronics Vietnam, a subsidiary of China's Goertek. New Wing will inject $50 million into the joint venture, holding a 25% stake, with another FIT entity holding 75%.

Paloma Rheem, parent of Rheem and Paloma, will acquire Fujitsu General, a residential and commercial heat pump producer, as a wholly-owned subsidiary. The transaction is expected to close in July 2025.

Andreas Fahl Medizintechnik-Vertrieb GmbH plans to acquire the shares of Orbisana Healthcare GmbH through an insolvency plan. The deal aims to combine competencies in tracheotomy, laryngectomy, and ventilation medical products.