Schneider Electric acquires PTC
Schneider Electric agreed to acquire PTC in an all-cash deal at $205 per share, valuing its equity at about $22.6 billion and implying an enterprise value of $23.7 billion. Source: SEC filing
Published October 8, 2026
In the six days of October 2 – 7, 2026, Vest tracked 37 verified US M&A deals with more than $49.6 billion in disclosed value. The largest: Schneider Electric's all-cash acquisition of PTC at an implied enterprise value of $23.7 billion. Kirkland & Ellis led the counsel scoreboard, appearing on 5 deals.
This edition's discussion on LinkedIn →Published, verified appearances across the 37 deals; buy-side and sell-side counted separately.
| Law firm | Deals | Clients this edition |
|---|---|---|
| Kirkland & Ellis | 5 | Option Care Health, Gen II sellers, IntraBio, SOFIE Biosciences, Centalion |
| 2 each | Paul, Weiss; Debevoise & Plimpton; Davis Polk; Gibson Dunn; Latham & Watkins; Willkie Farr; Sidley Austin; DLA Piper; Mayer Brown; Wachtell Lipton; Vinson & Elkins |
Specialist roles are not counted: McDermott Will & Schulte on tax for Schneider Electric, Freshfields on antitrust for Uber, Kirkland & Ellis as financing counsel to Kohlberg, and Day Pitney as counsel to the lender on Georgia Renewable Power.
On 19 of 37 US M&A deals announced October 2 – 7, 2026, at least one side's legal counsel has not been publicly announced.
On 13 of them, neither side's has. The 10 largest deals with a disclosed value all named counsel on both sides. Of the previous edition's 4 deals with no counsel on either side, 2 now have the buyer's firm named. Tracked weekly on this page.
Schneider Electric agreed to acquire PTC in an all-cash deal at $205 per share, valuing its equity at about $22.6 billion and implying an enterprise value of $23.7 billion. Source: SEC filing
CD&R and McKesson agreed to take Option Care Health private for $32.05 per share, a total enterprise value of about $5.8 billion, with CD&R holding about 51% and McKesson about 49%. Source: SEC filing
C.H. Robinson agreed to acquire RXO for an implied value of $5.8 billion, paying $17.25 in cash and 0.0856 C.H. Robinson shares for each RXO share. Source: SEC filing
KKR agreed to acquire Gen II Fund Services from Hg, General Atlantic and other minority investors for a total enterprise value of $5.1 billion. Source: Business Wire
Energy Transfer agreed to acquire Vaquero Midstream for about $2.625 billion, made up of $1.95 billion in cash and about 33.3 million new Energy Transfer common units. Source: Business Wire
Uber agreed to acquire ezCater in an all-cash transaction valued at $2.3 billion. Source: Business Wire
Shionogi agreed to acquire Austin, Texas-based IntraBio for upfront consideration of $2.0 billion. Source: Shionogi
GE HealthCare agreed to acquire radiopharmaceutical company SOFIE Biosciences from Trilantic North America for $945 million in cash. Source: GE HealthCare
Advanced Drainage Systems agreed to acquire StormTrap from PSP Capital for about $530 million, or about $450 million adjusted for expected tax benefits. Source: SEC filing
Third Coast Bancshares agreed to acquire Great Plains Bancshares in an all-stock transaction valued at about $239.6 million. Source: SEC filing
Sportradar agreed to sell Atrium Sports, the coaching and scouting business of Synergy Sports, to Teamworks for $170 million in cash. Source: SEC filing
TowneBank agreed to acquire Mooresville, North Carolina-based blueharbor bank for about $154 million. Source: GlobeNewswire
Flowco acquired Canadian company Lifting Solutions for about US$113 million in cash, plus contingent consideration of up to C$10 million. Source: SEC filing
Healthcare Services Group acquired NEXDINE Hospitality for an upfront purchase price of $93.5 million, with the potential for additional contingent consideration. Source: SEC filing
Byline Bancorp agreed to acquire Illinois State Bancorp in a cash and stock transaction valued at about $87.9 million. Source: SEC filing
Funds affiliated with BDT & MSD Partners, with Sunrise management, agreed to acquire Sunrise Senior Living from PSP Investments, with BDT & MSD as majority investor; terms were not disclosed. Source: Sunrise Senior Living
Centalion Group acquired Haynesville upstream and midstream natural gas assets from Silver Hill Energy Partners; terms were not disclosed. Source: Centalion
Alto agreed to acquire Forge Trust Co. and Forge Services from Schwab, which acquired Forge Global in March 2026; financial terms were not disclosed. Source: Alto
Aurora Capital Partners acquired Softdocs, a provider of process automation and document management for education and government; terms were not disclosed. Source: Aurora Capital Partners
Kohlberg acquired a majority interest in Advanced Industrial Devices, which serves data center, water and power infrastructure markets; terms were not disclosed. Source: Kohlberg
The Sterling Group Foundation Fund acquired engineered lifting and rigging provider Slingmax Group from River Associates, in a deal that closed September 30 and was announced October 6; terms were not disclosed. Source: The Sterling Group
SGS completed the acquisition of a majority stake in Prescient Security, an enterprise cybersecurity and digital compliance firm; terms were not disclosed. Source: SGS
Anchorage Digital acquired payments platform Routable; terms were not disclosed. Source: Anchorage Digital
Automation Anywhere agreed to acquire conversational and voice AI company Boost.ai from Nordic Capital; financial terms were not disclosed. Source: Automation Anywhere
Pacolet Milliken acquired 100% of Georgia Renewable Power, a 116 MW biomass business; terms were not disclosed. Source: Pacolet Milliken
Keystone Capital completed the sale of VDA to Warren Equity Partners; terms were not disclosed. Source: Keystone Capital
TD SYNNEX entered into a definitive agreement to acquire BlueStar; terms were not disclosed. Source: Business Wire
Standard BioTools agreed to sell its Microfluidics business to ARCHIMED; terms were not disclosed. Source: SEC filing
Middle River Power closed its acquisition of the 427 MW Panoche Energy Center in California from an Ares Infrastructure Equity fund; terms were not disclosed. Source: Middle River Power
Harbor Health agreed to acquire 27 Village Medical clinics in Houston; financial terms were not disclosed. Source: Harbor Health
Stride Consumer Partners acquired Greek yogurt bar brand Clio in a majority investment; terms were not disclosed. Source: Clio Snacks
Zeta Global agreed to acquire Amsterdam-based Digital Audience; terms were not disclosed. Source: Zeta Global
Frontline Managed Services acquired KL Software Technologies and its affiliate KLoBot, launching an intelligent applications business for law firms; terms were not disclosed. Source: Frontline Managed Services
London-based Acuity Analytics announced its acquisition of US data and technology consultancy Continuus; terms were not disclosed. Source: Acuity Analytics
CFGI announced the acquisition of BAO Consulting Group, which has offices in Dallas and Houston; terms were not disclosed. Source: CFGI
Exuma Capital-backed American Service Partners launched a national home-services platform by acquiring HVAC, plumbing and electrical brands from Platform Partner Holdings and Air Today Holdings; terms were not disclosed. Source: American Service Partners
Austin-based Cirrus Logic acquired INVENTVM, a fabless semiconductor company in Pavia, Italy that specializes in mixed-signal power management and audio chips; terms were not disclosed. Source: SEC filing (Cirrus Logic)
Nasdaq-listed A2Z Cust2Mate completed its acquisition of Hedia, an Israeli retail media company, for about $8.4 million in cash and 833,333 shares, plus up to about $6.7 million in performance-based payments. Source: A2Z Cust2Mate
The deal above is not in the 37-deal count; A2Z is based in Canada. One counted deal has an Israel link: PTC has run an R&D office in Israel since 1991, with sites in Haifa and Herzliya.
Diligencing one of these targets? Vest verifies the target's equity from the data room, with every finding cited to source. See how it works.
This edition covers October 2 to 7, 2026. A deal counts if it has a US target or a US buyer and the buyer takes control. Growth and minority investments, a 50/50 fiber joint venture, a merger that did not state which side takes control, a continuation vehicle, deals where only the seller is American, a restructuring with no outside buyer, and a sale of owned facilities to a government agency were left out. Each date and value comes from the company's own release or SEC filing; a law firm's later announcement or a closing does not move a deal into the week. A firm is credited only where a release, the deal agreement or the firm's own page names it as counsel for one side. The $49.6 billion total adds the headline value each company states, using enterprise value where one is given, and leaves out earn-outs, contingent payments and press-reported figures.
Verified US M&A deals and the counsel scoreboard.
Follow Hadar on LinkedIn →