Top 10 Industrial Transactions (July 2026)

Cate Costin, Marketing Manager · August 20, 2026

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For deal sourcers, staying current on private company activity is critical to spotting active buyers, tracking market trends, and uncovering emerging investment opportunities ahead of competitors.

In July alone, we added more than 1,700 new private company transactions, bringing the total to over 27,900 searchable deals across sectors, industries, and transaction types in Joe powered by Dakota Marketplace.

Inside Joe, you’ll find the transactions tab that provides structured, filterable data on deal types, values, and dates, while our editorial team curates daily updates through the dakota transactions newsletter, helping you cut through the noise and focus on what matters most.

To ensure the most comprehensive coverage of private market activity, Dakota’s team monitors over 10,000 websites including company websites, newswires, and numerous third-party news providers to capture and verify transaction data as it happens.

Below are the top 10 industrial transactions.

1. TopBuild Corp. - Strategic Acquisition

  • Transaction Date: 7/1/2026
  • Industry: Building Products
  • Type: Acquisition/Merger
  • Transaction Value: $17B

QXO has completed its $17 billion acquisition of TopBuild Corp., the largest distributor and installer of insulation and related building products in North America, creating the second largest publicly traded building products distributor in North America with more than $18 billion in combined revenue and $2 billion in combined adjusted EBITDA. The deal, which values each TopBuild share at $505 in a 45% cash / 55% stock transaction, gives QXO leadership positions across insulation (#1), roofing (#2), and waterproofing (#1) in a $300+ billion addressable market, with approximately $300 million in targeted annual synergies by 2030 as QXO advances its strategy to reach $50 billion in annual revenues.

2. Rotork plc - Strategic Acquisition

  • Transaction Date: 7/16/2026
  • Industry: Machinery
  • Type: Acquisition/Merger
  • Transaction Value: $5.58B

ABB has agreed to acquire Rotork, a leading global provider of mission-critical intelligent flow control solutions and electric actuators, in an all-cash recommended offer at 503 pence per share — a 60% premium to Rotork's three-month average share price — implying an enterprise value of approximately $5.5 billion. The deal adds Rotork's approximately $1 billion in 2025 revenues and 24.6% adjusted operating profit margin to ABB's Automation business area, expanding its "sense-control-act" automation loop with intelligent field devices for oil and gas, chemical, data center, water, and power industries, with the transaction expected to be immediately accretive to ABB's Operational EBITA margin and financed through existing cash resources and proceeds from the pending divestiture of ABB's Robotics business to SoftBank.

3. ContiTech AG - Carve-Out / Divestiture

  • Transaction Date: 7/4/2026
  • Industry: Machinery
  • Type: Buyout/Private Equity
  • Transaction Value: $4.86B

Lone Star Funds acquired ContiTech, Continental's industrial specialist business, for €4.0 billion (with up to €250 million in additional performance-based payments), marking the final step in Continental's strategic realignment into a pure-play tire manufacturer. The deal gives Continental an expected cash inflow of approximately €3.1 billion, with around €2.5 billion earmarked for a special dividend and/or share buybacks, while Lone Star gains a 22,000-employee industrial platform that generated roughly €4.4 billion in 2025 sales across mining, energy, construction, and industrial manufacturing end markets.

4. Mitie Group plc - Strategic Acquisition

  • Transaction Date: 7/21/2026
  • Industry: Commercial Services & Supplies
  • Type: Acquisition/Merger
  • Transaction Value: $4.17B

OCS Group is acquiring Mitie Group in an all-cash deal valuing Mitie's fully diluted share capital at approximately £3.1 billion, with shareholders receiving up to 221.6 pence per share — a roughly 44.7% premium to Mitie's closing price the day before the announcement. The combination creates a UK-headquartered facilities management group with approximately £8.5 billion in combined 2025 revenues, expanding OCS's scale and geographic reach across government, defence, healthcare, and infrastructure markets, with the deal structured as a scheme of arrangement expected to complete in Q1 2027.

5. FFG Flensburger Vehicle Construction Company mbH - Strategic Acquisition

  • Transaction Date: 7/9/2026
  • Industry: Aerospace & Defense
  • Type: Acquisition/Merger
  • Transaction Value: $1.83B

DEUTZ agreed to acquire 100% of FFG Flensburger Fahrzeugbau, a leading European military vehicle manufacturer and Bundeswehr/NATO partner, for €1.6 billion in a cash-and-stock deal that will make FFG's owning families anchor shareholders holding up to 29.9% of DEUTZ. The combination creates a new DEUTZ Defense business unit built around FFG's military vehicle expertise and DEUTZ's propulsion and industrialization capabilities, with FFG contributing roughly €760 million in 2025 revenue and helping DEUTZ pull forward its 2030 targets of €4 billion in revenue and a 10% EBIT margin; completion is expected in late 2026 or Q1 2027, pending shareholder and regulatory approval.

Want to track industrial deal activity like this as it happens? Explore the full transactions tab in Joe for real-time, filterable data on every deal in this sector.

6. Helsing - Series E

  • Transaction Date: 7/13/2026
  • Industry: Aerospace & Defense
  • Type: Growth Equity
  • Transaction Value: $1.8B

Helsing, Europe's leading defense AI company, raised $1.8 billion in a Series E round at an $18 billion valuation, with participation from new and existing investors including Dragoneer, Lightspeed, Goldman Sachs Alternatives, JPMorganChase, CPP Investments, and General Catalyst. Investor demand significantly exceeded the available allocation, and the funding will accelerate Helsing's push to integrate AI-driven defense platforms across its growing roster of partner nations, while the company remains predominantly European-owned.

7. Atoms - Not Disclosed

  • Transaction Date: 7/23/2026
  • Industry: Machinery
  • Type: Venture
  • Transaction Value: $1.7B

Atoms, an industrial robotics and automation company founded by Travis Kalanick, raised $1.7 billion in equity funding led by Andreessen Horowitz, with Ben Horowitz joining the board, and participation from Bain Capital Ventures, Uber, Fifth Wall, Chemistry, A*, K5 Global, Abstract, SV Angel, and Alpha Square Group. The round consolidates Atoms' various businesses into a single equity structure and will fund its "Physical AI" vision of digitizing large industrial sectors like manufacturing, mining, and construction through software, sensors, and robotics.

8. The Superior Group - Strategic Acquisition

  • Transaction Date: 7/20/2026
  • Industry: Construction & Engineering
  • Type: Acquisition/Merger
  • Transaction Value: $1.65B

MasTec closed its acquisition of The Superior Group, a leading U.S. electrical contractor focused on data center and mission-critical infrastructure, in a cash-and-stock transaction valued at approximately $1.65 billion (~$1.175 billion cash, ~$475 million in MasTec stock), with a potential post-closing earnout tied to Superior's 36-month performance. The deal extends MasTec's infrastructure platform "inside the fence" with electrical systems and integrated building services, adding roughly 3,000 employees and hyperscaler/data-center customer relationships, with Superior expected to contribute $800M-$900M in revenue and $100M-$115M in Adjusted EBITDA for the remainder of 2026.

9. Delivery Hero’s businesses in a total of 14 markets - Asset Purchase

  • Transaction Date: 7/16/2026
  • Industry: Air Freight & Logistics
  • Type: Buyout/Private Equity
  • Transaction Value: $1.6B

Uber's acquisition offer for Delivery Hero includes a related agreement in which SSW Partners, a New York investment firm, will acquire Delivery Hero's businesses in 14 overlapping markets for approximately $1.6 billion, contingent on completion of Uber's takeover offer. Uber will not control these carved-out businesses; SSW will instead lead an independent process to find long-term strategic partners for them, adding to SSW's track record of major take-private deals including Veoneer and ESR Group.

10. Quantum Systems - Series D

  • Transaction Date: 7/2/2026
  • Industry: Aerospace & Defense
  • Type: Growth Equity
  • Transaction Value: $1.2B

Quantum Systems, a Munich-based defense tech company building autonomous systems for air, land, and sea, raised $1.2 billion in a Series D round co-led by Blackstone, Noteus, Airbus, and Advent, valuing the company at approximately $8 billion post-money — more than doubling its prior valuation. The round, which included investors like Fidelity, Wellington Management, and A.P. Moller Holding alongside existing backers Balderton and HV Capital, will fund production scale-up, supply chain resilience, and continued AI/software development, building on the company's 2025 track record of over 19,000 missions executed in Ukraine.

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At Dakota, we understand how important it is to stay current on deal activity as it happens. That’s why our editorial team continuously monitors the news for real-time updates on platform investments, add-ons, divestitures, and more to deliver daily highlights straight to your inbox through our transactions newsletter.

Inside Joe, the transactions tab provides structured, filterable data with deal dates, types, sectors, and financials, allowing you to build a customized feed that aligns with your focus areas.

Whether you're evaluating a new investment opportunity or tracking trends within a target sector, Joe helps you cut through the noise and focus on what matters most.

For more information on these transactions and a deeper dive into their industries and sub-industries, request access to Joe.

CC Cate Costin, Marketing Manager

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