Construction Partners is set to acquire Austin-based Lone Star Paving for $654 million in cash and stock. The deal, expected to boost earnings immediately, aims to generate $530 million in annual revenue and $120 million in adjusted EBITDA for fiscal 2025.

Norton L. Travis joins Rivkin Radler as Counsel in the Health Services Practice Group, bringing over 40 years of experience in healthcare law and mergers. Rivkin Radler leaders praise Travis for his unique expertise and deep industry knowledge, which they believe will greatly benefit their clients.

In May 2024, Rocket Software acquired OpenText's Application Modernization and Connectivity Business for $2.275 billion, expanding its customer base to over 12,500. This strategic move underscores Rocket's commitment to modernization solutions from mainframe to hybrid cloud, emphasizing meticulous planning and cultural alignment for successful integration.

In April 2023, Stord bolstered its logistics capabilities by acquiring ProPack Logistics, doubling its self-operated facilities and enhancing two-day shipping services. CEO Sean Henry emphasized the seamless transition and strategic alignment, positioning Stord for further market expansion.

Hillhouse Investment merges Black Kite Property's assets with Gaolu Group to boost its logistics operations in China, effective October 11, 2023. This strategic move aims to counter a 16% decline in asset trades and will see the newly combined entity managing 30 projects over 3.1 million square meters.

Investor sentiment in the healthcare sector is surging, as evidenced by optimistic discussions at the recent Healthcare Sessions conference in Nashville. With private equity buyers and sellers aligning on valuations, sectors like revenue cycle management and home-based care are poised for increased deal activity, although physician practice management companies still struggle to attract interest.

Insteel Industries has acquired Engineered Wire Products for $70 million, financed through cash reserves. This move aims to expand Insteel's geographic reach and strengthen its competitive position in the Midwest market, according to CEO H.O. Woltz III.

Accenture has acquired Insight Sourcing to enhance its supply sourcing and procurement services, focusing on private equity clients. This strategic move aims to meet the growing demand for specialized procurement solutions across various sectors, according to Accenture executives.

Cyber A.I. Group, Inc. announced an agreement with ThinkEquity LLC to secure debt offerings for its acquisition strategy, aiming for $100 million in revenue through international acquisitions. This collaboration highlights the growing interest in A.I.-driven technologies, positioning Cyber A.I. Group for significant expansion in the tech sector.

O'Melveny & Myers has appointed Stephanie Keen and Sylvia Taslim as partners in its Singapore office, strengthening its M&A practice. Keen and Taslim bring extensive experience from Hogan Lovells, poised to capitalize on Singapore's growing status as a key deal hub in Asia.

In 2023, the pharmaceutical industry saw deal volumes soar to $215.9 billion, up from $178.2 billion in 2022, driven largely by pharma-biotech transactions. However, the first half of 2024 has shown a sharp decline in deal volumes to $37.6 billion, raising concerns about the industry's future trajectory amid geopolitical tensions and upcoming US elections.

GSE Systems announced a merger with Pelican Energy Partners, valuing the company at $4.10 per share, a 50% premium over its August 7th closing price. However, significant shareholder Bradley L. Radoff opposes the deal, arguing it undervalues the company and favors leadership over shareholders.

DRA Advisors has acquired three grocery-anchored shopping centers in Ocean County, totaling 376,462 square feet, as announced by CBRE on October 16. The portfolio, which includes Bay Plaza, Jackson Plaza, and Lacey Mall, boasts a 94% occupancy rate and features tenants like ShopRite, UPS, and T.J. Maxx.

Zuora is set to be acquired by Silver Lake and GIC for $1.7 billion in an all-cash deal, reflecting an 18% premium per share. The acquisition, expected to close in early 2025, follows Zuora's recent strategic review and aligns with a trend in private equity takeovers.

Cyera has acquired Trail Security for $162 million to create the first Unified Data Security Platform, enhancing its Data Security Posture Management with advanced data loss protection. This strategic move aims to disrupt the burgeoning data loss prevention market and solidify Cyera’s leadership in AI and cloud security.

Dubai's Sunset Hospitality Group is acquiring the lease of Singapore's historic Hotel Fort Canning, rebranding it as METT Singapore by late 2025. The revamped hotel will blend heritage charm with modern luxury, featuring SHG's signature dining and entertainment venues, aiming to set new luxury hospitality standards in the region.

Squarespace is now privately owned after being acquired by Permira for $7.2 billion. Founder and CEO Anthony Casalena will continue to lead, while the deal underscores Squarespace's robust ties with small businesses and entrepreneurs.

O'Melveny & Myers LLP has strengthened its Singapore office by adding top transactional lawyers Stephanie Keen and Sylvia Taslim as partners. This move significantly enhances the firm's M&A practice and pan-Asia presence, aligning with its global growth strategy.

Specialist Risk Group (SRG) has launched its Asia Pacific operations with plans to acquire Singapore-based HL Suntek Insurance Brokers, pending customary closing conditions. This strategic move, praised by SRG CEO Warren Downey, underscores SRG's commitment to leveraging local talent and expanding its global footprint.