ESSCO CALIBRATION LABORATORY acquired by TRANSCAT

Marking a significant milestone in its global expansion journey, AGQ Labs has entered into a definitive agreement for Fremman Capital to acquire the stake previously held by Portobello Capital. This secondary buyout facilitates the successful exit of Portobello’s Structured Partnerships Fund while ensuring a continued partnership with the company’s founders, Estanislao Martinez and Coral Zamora. The strategic shift follows a period of rapid consolidation during which the group successfully integrated eight bolt-on acquisitions and doubled its laboratory network

Loxam acquired Toscana Noleggi to strengthen its position in Central Italy. This acquisition integrates a high-quality fleet and an experienced team into Loxam's existing Italian network. It allows Loxam to provide better coverage in the Tuscany region, complementing its historical presence in the North of the country (following the acquisition of Nove in 2017).

Acuren has finalized the acquisition of NV5 Global, creating a market leader in the engineering and technical consulting space by combining Acuren’s strength in inspection with NV5’s expertise in technical consulting. The deal was structured as a mix of cash and stock, with NV5 shareholders receiving 23 dollars per share, consisting of 10 dollars in cash and 13 dollars in Acuren common stock. Following the transaction, Acuren shareholders own approximately 60% of the combined group, while NV5 shareholders hold 40%

Activa Capital took a majority stake (by investing a EUR20m ticket) in Groupe Desegur in its first-ever LBO transaction. The deal aims to professionalize the group's structure and accelerate its development through an ambitious buy-and-build strategy in the fragmented French TIC market.

Carlyle acquired a majority stake in Adastra Group, a canadian consulting company. The deal was structured as a recapitalization where the three founders retained a significant minority stake and remained involved in the business.Carlyle's entry provides the capital and M&A expertise to accelerate Adastra's growth in the booming AI and data services market, specifically targeting expansion in Asia and further consolidation in Europe.

Mitie Group PLC has completed the acquisition of 100% of Marlowe PLC. The transaction was implemented via a court-sanctioned scheme of arrangement, with Marlowe shareholders receiving 466 pence per share in a mix of cash and new Mitie shares (via a Mix and Match facility). The deal followed a significant 2024 restructuring at Marlowe, which saw the divestment of its GRC business for £430 million, allowing the group to return to profitability and eliminate nearly all net debt (£1M vs £203M) prior to the merger

SGS has successfully completed the acquisition of Applied Technical Services, marking a significant milestone in its expansion strategy within the North American market. This transaction follows the clearance of all necessary regulatory approvals and unites two leading forces in the testing and inspection sector. The integration of the target adds over two thousand specialized employees to the acquirer,s family and fulfills a major portion of the group,s growth objectives for the region. Strategically, the combination allows for the generation of sustainable growth and enhanced value for clients through a highly complementary service portfolio

Kiloutou acquired Froid Loc Services to strengthen its "specialist" division. FLS was integrated into Kiloutou Energie to create a comprehensive multi-technical offer (Power & Cooling). This acquisition allowed Kiloutou to address new resilient markets such as the pharmaceutical and food industries.

Bridgepoint agreed to acquire a majority stake in NMi Group from Levine Leichtman Capital Partners (LLCP). The management team is reinvesting in the transaction. NMi has grown significantly through a buy-and-build strategy (multiple acquisitions since 2020). The new partnership aims to accelerate international expansion (DACH, Nordics) and capitalize on regulatory drivers like the EU Cyber Resilience Act and the energy transition.

The acquisition of Construction Testing Services by Phenna Group signifies a major territorial advancement for the group’s Infrastructure Division. The strategic logic of this transaction hinges on a geographic-lock maneuver, merging the target’s technical operational depth in Northern Ireland with the digital reporting and logistics framework of Simtec. This alignment equips the combined entity with the scientific talent and laboratory hardware necessary to address the increasing complexity of infrastructure validation across the UK and Ireland