Recent Acquisitions in Illinois

Acquisition Volume in in Illinois by Year

Last 5 years

Acquisition volume by year Annual acquisition counts for the last 5 years for Recent Acquisitions in Illinois. 315 2022 239 2023 276 2024 273 2025 ~299 est. 77 2026
Actual Full-year estimate
  • Buyer
    Resultant
    Target
    Liberty Advisor Group
    Industry
    Data & Analytics
    Type
    Buyout

    Resultant, a data and technology consulting firm, acquired Liberty Advisor Group, a Chicago-based M&A advisory consulting firm focused on helping private equity and Fortune 500 clients across the M&A lifecycle. The deal combines Liberty’s transaction advisory expertise with Resultant’s data and digital transformation execution capabilities to support end-to-end value creation, including pre-close due diligence and post-close integration.

  • Buyer
    MIDLAND
    Target
    Wetoska Packaging Distributors
    Industry
    Packaging
    Type
    Buyout

    MIDLAND, a packaging and distribution provider headquartered in Chicago, announced its acquisition of Wetoska Packaging Distributors, a family-owned food packaging materials and equipment specialist based in Elk Grove Village, Illinois. The deal is intended to strengthen MIDLAND’s food packaging expertise and expand its Midwest/nationwide distribution reach for food processors and manufacturers.

  • Buyer
    RAY·ALLEN, Inc., Datatec plc
    Target
    Paratira Limited
    Industry
    Cloud & SaaS
    Type
    Buyout

    RAY·ALLEN completed the acquisition of Paratira Limited’s enterprise platform technology and customer assets. The deal integrates Paratira’s AI-driven capabilities into RAY·ALLEN’s NexaONE/Nexa Platform Suite, adding sales enablement and “Day 2” operational intelligence for MSPs. Separately, Datatec plc made a minority strategic equity investment in RAY·ALLEN, partnering to support its platform expansion while RAY·ALLEN remains independently operated under existing leadership.

  • Buyer
    Sterling Engineering
    Target
    Absolute Machine Control Technologies, Inc. (AMCT)
    Industry
    IT Services
    Type
    Buyout

    Sterling Engineering acquired Absolute Machine Control Technologies, Inc. (AMCT), a Rockford, Illinois provider of controls engineering and system integration services. The deal is intended to strengthen Sterling’s automation and machine controls capabilities, enabling more end-to-end automation solutions including PLC programming, electrical/software design, maintenance, and retrofits.

  • Buyer
    Molson Coors Beverage Company
    Target
    Atomic Brands, Inc., Monaco Cocktails
    Industry
    Food & Beverage
    Type
    Buyout

    Molson Coors Beverage Company completed its acquisition of Atomic Brands, Inc., the maker of Monaco Cocktails. The deal strengthens Molson Coors’ U.S. “Beyond Beer” portfolio and supports growth in the fast-growing ready-to-drink (RTD) cocktail segment.

  • Buyer
    Cambridge Investment Research, Inc.
    Target
    WealthPlanners, LLC
    Seller
    Denny Gustin-Piazza
    Type
    Buyout

    Cambridge Investment Research, Inc. has acquired WealthPlanners, LLC, a wealth planning and benefits consulting firm based in Des Plaines, Illinois, as part of its advisor continuity and succession strategy. Following the deal, WealthPlanners will integrate into a newly formed Cambridge-employed advisory group (Cambridge WealthPlanners) led by former WealthPlanners owner Denny Gustin-Piazza.

  • Buyer
    Vitality
    Target
    Ramp Health
    Type
    Buyout

    Vitality announced its acquisition of Ramp Health, a provider of employer onsite healthcare, safety, and risk mitigation services. The combined offering pairs Vitality’s behavior-change, AI-enabled health insights with Ramp’s clinical and safety expertise to help employers manage medical claims and workers’ compensation costs end-to-end.

  • Buyer
    eMagazines
    Target
    eType Services
    Industry
    Cloud & SaaS
    Type
    Buyout

    eMagazines, a digital publishing and distribution platform, announced the acquisition of eType Services, a provider of digital editions and technology for community newspapers in the United States. The deal brings eMagazines’ mobile-first reading and monetization capabilities to hundreds of community newspapers served by eType Services.

  • Buyer
    Private Investor
    Target
    Amber Mechanical Contractors, Inc.
    Seller
    Amber Mechanical Contractors, Inc. (family owners / second-generation owners; seller not individually named)
    Type
    Buyout

    Generational Capital Markets advised Amber Mechanical Contractors, Inc. on its sale to a private investor. The acquisition closed March 2, 2026, with Amber focused on HVAC and piping design, installation, and maintenance for commercial and industrial facilities across the Chicagoland region and northwest Indiana.

  • Buyer
    Chartis
    Target
    Leap AI
    Type
    Buyout

    Chartis, a healthcare advisory firm, announced it has acquired Leap AI, an AI-driven healthcare solutions company. The deal combines Leap AI’s generative AI, workflow automation, and product development capabilities with Chartis’ advisory platform to accelerate AI and technology transformation for healthcare organizations.

  • Buyer
    Esquire Financial Holdings
    Target
    Signature Bancorporation
    Type
    Buyout

    Esquire Financial Holdings announced a definitive, all-stock agreement to acquire Signature Bancorporation for approximately $348.4 million. The merger combines Esquire’s national, litigation-focused banking platform with Signature’s established Midwest (Chicago) relationship banking franchise, targeting a combined institution with roughly $4.8 billion in assets at closing.

  • Buyer
    Fortis Fire & Safety Inc.
    Target
    LaMarco Systems Inc.
    Type
    Buyout

    Fortis Fire & Safety Inc. announced it has acquired LaMarco Systems Inc., a provider of advanced fire alarm, security, and integrated building safety solutions. The acquisition expands Fortis’ reach into the Midwest and enhances its mission-critical life safety technology capabilities while keeping LaMarco operating from its Northbrook headquarters.

  • Buyer
    ServBanc Holdco, Inc., Servbank, National Association
    Target
    IF Bancorp, Inc., Iroquois Federal Savings and Loan Association, Iroquois Federal Savings and Loan Association (bank subsidiary referenced as “Iroquois Federal”)
    Type
    Buyout

    ServBanc Holdco, Inc. (the holding company for Servbank) completed its acquisition of IF Bancorp, Inc. (NASDAQ: IROQ) and its subsidiary Iroquois Federal Savings and Loan Association. The deal expands Servbank’s Illinois footprint into central Illinois and includes integration of Servbank’s subservicing platform, technology, and personnel. Former IF Bancorp branch offices will continue operating under the Iroquois Federal name until customer and data conversion is completed (anticipated in Q4 2026).

  • Buyer
    Ali Group
    Target
    Bunn Commercial LP (BUNN)
    Industry
    Manufacturing
    Type
    Buyout

    Ali Group announced it has completed the acquisition of Bunn Commercial LP (BUNN), formerly known as Bunn-O-Matic Corporation. Terms of the transaction were not disclosed, and BUNN will join Ali Group’s global foodservice equipment portfolio, operating in North America as part of the Welbilt portfolio.

  • Buyer
    LOGISTEC
    Target
    Travero's Logistics Park Dubuque (LPD)
    Seller
    Travero
    Industry
    Transportation
    Type
    Buyout

    LOGISTEC announced the acquisition of Travero’s Logistics Park Dubuque (LPD), a multi-purpose marine terminal located in East Dubuque, Illinois on the Upper Mississippi River. The deal expands LOGISTEC’s inland waterways network and provides new routing options for agriculture, manufacturing, and energy supply chains across the U.S. Midwest and toward the Gulf Coast.

  • Buyer
    95 Percent Group
    Target
    TouchMath
    Industry
    Education
    Type
    Buyout

    95 Percent Group has signed a definitive agreement to acquire TouchMath, a provider of explicit, multisensory, evidence-based math programs for students with learning differences. The acquisition expands 95 Percent Group’s literacy ecosystem into math intervention, operating under the 95 Percent Group name with customers continuing to work with both teams and programs.

  • Buyer
    Smithbucklin
    Target
    McKinley Advisors
    Type
    Buyout

    Smithbucklin has acquired McKinley Advisors, an association consultancy focused on research, strategy, governance, and business transformation. The deal combines McKinley’s research-based advisory capabilities with Smithbucklin’s association management, education, and event services platform, supported by 360 Live Media.

  • Buyer
    SullivanCotter
    Target
    Huron health care valuation services team
    Seller
    Huron
    Type
    Buyout

    SullivanCotter, a consulting firm focused on total rewards, workforce solutions, and data products for health care and not-for-profit organizations, acquired the healthcare valuation services team from Huron. The deal is intended to expand SullivanCotter’s valuation capabilities, adding expertise and six valuation professionals covering healthcare business valuation and specialized tangible asset valuations (including real estate).

  • Buyer
    Hightower Advisors
    Target
    Journey Strategic Wealth
    Type
    Addon

    Hightower Advisors entered into an agreement to acquire Journey Strategic Wealth, adding about $5 billion in assets under management to its Hightower Signature Wealth (HTSW) platform. The transaction is expected to close at the end of the month/first quarter, expanding HTSW’s national footprint and capabilities for both clients and advisors.

  • Buyer
    Riveron, Kohlberg
    Target
    Cuesta Partners

    Riveron, backed by Kohlberg, announced a strategic investment and growth partnership with Cuesta Partners, a Chicago-based AI and data technology firm. The parties will combine Riveron’s finance and CFO advisory expertise with Cuesta’s AI, data, and technology services to expand AI-native advisory offerings for middle-market companies and private equity portfolio companies.

  • Buyer
    ASSA ABLOY
    Target
    Sennco Solutions
    Type
    Buyout

    ASSA ABLOY has acquired Sennco Solutions, a U.S. provider of asset protection and anti-theft technology for retail security, focused primarily on the health and beauty segment. The deal strengthens ASSA ABLOY’s Retail business within its Global Solutions division and is expected to be accretive to EPS from the start.

  • Buyer
    Ares Management, Leonard Green & Partners, Vintage Strategies (Goldman Sachs Alternatives), Harvest Partners
    Target
    Convergint Technologies
    Industry
    IT Services

    Ares Management has closed an $850 million single-asset continuation vehicle for Convergint Technologies, extending its long-running investment in the global, technology-enabled security and safety solutions systems integrator. Leonard Green & Partners led and fully underwrote the Sage Fund continuation vehicle, while Ares also made a substantial new investment, maintaining shared control alongside existing co-sponsors.

  • Buyer
    HBT Financial, Inc.
    Target
    CNB Bank Shares, Inc., CNB Bank Trust, N.A., CNB Bank
    Type
    Buyout

    HBT Financial, Inc. completed its merger with CNB Bank Shares, Inc., the holding company for CNB Bank. Following the transaction, CNB became a wholly-owned subsidiary of HBT, and CNB Bank merged into HBT’s subsidiary Heartland Bank. The combined organization expands HBT Financial’s footprint across central Illinois and the Chicago and St. Louis metro areas.

  • Buyer
    Procode Inc. (Procode AI), Story Ventures, CHAP Health Ventures, Progression Fund, Dmitry Shevelenko
    Target
    The Auctus Group
    Type
    Addon

    Procode Inc. launched Procode AI with $4 million in funding and acquired The Auctus Group, a U.S. medical biller serving plastic surgery and dermatology practices. Procode AI will apply its AI coding, claims, and AR/denials management tools to improve reimbursement outcomes for Auctus’ provider clients.

  • Buyer
    Azuria Water Solutions
    Target
    Waterline Renewal Technologies
    Seller
    Behrman Capital
    Type
    Addon

    Behrman Capital sold its portfolio company, Waterline Renewal Technologies, to Azuria Water Solutions, a portfolio company of New Mountain Capital. Waterline provides engineered trenchless rehabilitation products and solutions for wastewater and stormwater infrastructure to municipal, commercial, industrial, and residential customers.

  • Buyer
    a21
    Target
    Two12

    a21 has acquired an equity stake in Two12, the culinary-focused talent management company founded by Scott R. Feldman, forming a strategic partnership to integrate talent representation with a21’s event production, marketing, and brand partnership capabilities. Paradigm Talent Agency will continue to support Two12, and the alliance will immediately extend across a21’s portfolio of food- and wine-focused events and planned touring platforms to expand opportunities across food, beverage, hospitality, and media.

  • Buyer
    BMR Suspension
    Target
    Heidts Suspension
    Seller
    Miller Performance Products, Hart Marx Advisors
    Industry
    Manufacturing
    Type
    Buyout

    BMR Suspension, a performance automotive suspension and chassis parts manufacturer based in Florida, has acquired Heidts Suspension, a musclecar and hot-rod suspension parts manufacturer based in Lake Zurich, Illinois. The companies will continue to operate independently while collaborating on new product lines; financial terms were not disclosed.

  • Buyer
    Proper
    Target
    Novo Properties, Alexander Properties Group (APG), FLATS, Guardian, CommonPlace, Drexel
    Industry
    Real Estate
    Type
    Addon

    Proper, a national acquisitions and property management platform, announced the successful acquisition of two additional operating companies—Novo Properties and Alexander Properties Group (APG)—bringing its total acquired portfolio to six companies. The combined acquisitions expand Proper’s property management footprint to nearly 20,000 units across 15 states.

  • Buyer
    Velocity One
    Target
    Kaney Aerospace
    Type
    Addon

    Velocity One, an aerospace and defense platform backed by Charlesbank Capital Partners, acquired Kaney Aerospace. Kaney is headquartered in Rockford, Illinois and provides electromechanical actuation, motion control, and advanced power solutions for aerospace and medical applications, including system integration and certified repair station capabilities.

  • Buyer
    Generac Holdings Inc.
    Target
    Enercon Engineering, Inc.
    Type
    Buyout

    Generac Holdings signed a definitive agreement to acquire Enercon Engineering, Inc., a manufacturer of custom power equipment, industrial enclosures, and UL-certified switchgear based in East Peoria, Illinois. The deal is intended to expand Generac’s Commercial & Industrial capabilities to serve rapidly growing backup power demand for data centers and other mission-critical markets, with closing anticipated in the second quarter of 2026 subject to regulatory approvals.

  • Buyer
    Uber Technologies, Inc.
    Target
    SpotHero, Inc.
    Industry
    Transportation
    Type
    Buyout

    Uber Technologies, Inc. has agreed to acquire SpotHero, a parking reservation marketplace, bringing in-app parking reservation capabilities to the Uber app. The deal is subject to regulatory approval and other customary closing conditions, and is expected to close in the first half of 2026.

  • Buyer
    MacKay Sposito
    Target
    2IM Group
    Type
    Addon

    MacKay Sposito acquired 2IM Group, a multidisciplinary engineering and environmental services firm based in Chicago. The acquisition is intended to expand MacKay Sposito’s geographic reach into the Midwest while strengthening capabilities in program management, environmental services, and infrastructure support.

  • Buyer
    PX Holdings Inc., Pure Freight Lines Ltd.
    Target
    Freight Exchange of North America
    Seller
    Redwood Logistics
    Type
    Buyout

    PX Holdings Inc. (parent of Pure Freight Lines) has acquired Freight Exchange of North America from Redwood Logistics and announced an expanded strategic partnership with Redwood. The deal adds asset-backed capacity and operational density to Pure Freight while enabling Redwood to continue providing 4PL orchestration and managed transportation services across Midwest and U.S.–Mexico border lanes.

  • Buyer
    Flow Control Management
    Target
    Kingston Valve Co
    Seller
    Storm Manufacturing Group, Inc.
    Type
    Addon

    Flow Control Management (FCM) has announced the acquisition of Kingston Valve Co, a division of Storm Manufacturing Group, Inc. The Kingston operations will be integrated into FCM's Aquatrol division in Elburn, Illinois, expanding FCM’s safety valve offerings.

  • Buyer
    BayPine LP
    Target
    Relation Insurance Services
    Seller
    Aquiline Capital Partners LP
    Industry
    Insurance
    Type
    Buyout

    BayPine LP has entered into a definitive agreement to acquire Relation Insurance Services, a large independent U.S. insurance broker. Relation management—including CEO Tim Hall—will continue to lead the company as BayPine aims to accelerate technology-enabled growth and apply AI and other digital tools.

  • Buyer
    Wareing & Company
    Target
    Great Lakes Lifting Solutions

    Wareing & Company, a Houston-based single family office, completed a recapitalization of Great Lakes Lifting Solutions, a provider of rental, sales and service of specialty lifting equipment. The partnership is intended to support fleet investment, geographic expansion and operational growth, with Steven Brooks continuing to lead the company.

  • Buyer
    Greenbriar Equity Group, L.P.
    Target
    AIT Worldwide Logistics
    Seller
    The Jordan Company, L.P. (TJC) (continuing investor; mentioned as having invested over the prior five years)
    Industry
    Transportation

    AIT Worldwide Logistics entered into a definitive agreement to partner with Greenbriar Equity Group, L.P. to support the global freight forwarder’s next chapter of growth. The transaction is expected to close before Q4 2026, subject to customary closing conditions and regulatory approvals.

  • Buyer
    Direct Marketing Solutions
    Target
    Johnson & Quin
    Seller
    Johnson & Quin family owners (Henkel family / company leadership)
    Type
    Buyout

    Direct Marketing Solutions (DMS) has acquired Johnson & Quin, a 150-year-old, family-owned direct mail production and marketing firm, combining complementary capabilities to form a larger national direct-marketing platform. The deal expands DMS's production capacity and Midwest footprint, preserves leadership continuity (Andrew Henkel becomes President of DMS; David Henkel joins the DMS board) and aims to deepen end-to-end, data-driven omnichannel direct marketing services.

  • Buyer
    Investindustrial, Industrial F&B Investments III, Inc.
    Target
    TreeHouse Foods, Inc.
    Seller
    TreeHouse Foods shareholders of record as of the closing date
    Industry
    Food & Beverage
    Type
    Buyout

    Investindustrial completed its previously announced, all-cash take-private acquisition of TreeHouse Foods in a deal valued at $2.9 billion enterprise value, plus the value of contingent value rights tied to ongoing litigation. TreeHouse Foods shareholders of record at closing will receive $22.50 per share in cash and one non-transferable contingent value right per share, and TreeHouse Foods will no longer trade on the New York Stock Exchange.

  • Buyer
    R.E. Chaix & Associates Insurance Brokers, LLC
    Target
    US Pro Insurance Services
    Industry
    Insurance
    Type
    Buyout

    R.E. Chaix & Associates has acquired US Pro Insurance Services to deepen its specialty lines capabilities, particularly in Cyber Liability, and expand market access for retail agents and brokers nationwide. The US Pro team will join R.E. Chaix and the combined business will operate under the R.E. Chaix & Associates name.

  • Buyer
    The State Group Industrial (USA) Limited, Apollo (funds managed by Apollo Global Management)
    Target
    Ruder Electric, Inc.
    Type
    Addon

    The State Group, a portfolio company of funds managed by Apollo, has acquired Ruder Electric, a Kankakee, Illinois-based electrical contractor. The add-on expands The State Group's footprint into central and northern Illinois and brings Ruder Electric's electrical construction, maintenance, fire, security, communications, utility, and safety systems capabilities (including over 100 union electricians) into the platform.

  • Buyer
    Goldman Sachs Alternatives, Ares Management Corp., Blue Owl Capital Inc., Antares Capital, Apollo Global Management Inc.
    Target
    Clearwater Analytics Holdings Inc.
    Industry
    Cloud & SaaS
    Type
    Buyout

    A group of private credit firms led by Goldman Sachs Alternatives is providing $3.5 billion in debt to support the buyout of Clearwater Analytics Holdings Inc. Ares Management, Blue Owl Capital, Antares Capital, and Apollo Global Management are also joining the lender group.

  • Buyer
    Main Street Capital Corporation, MSC Income Fund, Inc., DMS Holdco LLC
    Target
    Johnson & Quin, Inc., DMS Holdco LLC
    Seller
    owners of Johnson & Quin, Inc.
    Type
    Addon

    Main Street Capital Corporation (NYSE: MAIN) and its co-investor MSC Income Fund, Inc. (NYSE: MSIF) completed a follow-on investment totaling $25.6 million in their existing portfolio company, DMS Holdco LLC. The new financing supports DMS’s strategic acquisition of Johnson & Quin, Inc. (J&Q), an omni-channel/direct marketing services business located in Chicago, Illinois.

  • Buyer
    Global Water Technology, Inc.
    Target
    Brochem Industries, Inc.
    Seller
    Chuck Mihalov (mentioned as founder; remaining involved during transition)
    Type
    Addon

    Global Water Technology, Inc. (GWT) announced the acquisition of Brochem Industries, a private-label blender and manufacturer of water treatment chemicals serving independent and regional water treatment providers across the United States. The deal expands GWT’s Global Custom Solutions (GCS) platform and increases production capacity and operational efficiency at GWT’s Calumet City, Illinois facility.

  • Buyer
    Schneider Geospatial, LLC, Align Capital Partners
    Target
    Bruce Harris & Associates, Inc.
    Type
    Addon

    Schneider Geospatial, an Align Capital Partners portfolio company, has acquired Bruce Harris & Associates (BHA), a Batavia, Illinois–based GIS consulting firm specializing in parcel mapping, geodatabase design and land records modernization. The add-on expands Schneider Geospatial’s services and delivery capacity for complex parcel and land-records programs for state and local governments.

  • Buyer
    26North Partners LP
    Target
    Middleby's Residential Kitchen business, Composition Brands
    Seller
    The Middleby Corporation
    Industry
    Manufacturing
    Type
    Buyout

    26North Partners completed the acquisition of a controlling interest (51% stake) in The Middleby Corporation’s Residential Kitchen business. The business was rebranded as Composition Brands and will operate as an independent platform for premium and ultra-luxury residential kitchen and outdoor living brands, while Middleby retains a significant non-controlling 49% interest through a joint venture structure.

  • Buyer
    Concentric Equity Partners
    Target
    Aleysian
    Industry
    IT Services
    Type
    Buyout

    Concentric Equity Partners, a Chicago-based private investment firm, has acquired Aleysian, a Salesforce implementation and advisory firm. As part of the transaction Aleysian named Jon Klinepeter as CEO and moved former CEO Dustin Ward into the COO role to support scaled delivery and accelerated investments in Salesforce capabilities.

  • Buyer
    Shipfusion
    Target
    Boxtrot LLC
    Seller
    Isaac Lichter (founder of Boxtrot)
    Type
    Buyout

    Shipfusion, a national e-commerce fulfillment provider, has completed the acquisition of Chicago-based Boxtrot LLC and integrated Boxtrot merchants into Shipfusion’s North American warehouse network. The deal expands Shipfusion’s capacity and capabilities to support high-volume DTC and omnichannel brands, contributing to a record year of growth for Shipfusion.

  • Buyer
    Salt Creek Capital
    Target
    Builders Cabinet, Inc.
    Seller
    Brian Benner
    Type
    Buyout

    Salt Creek Capital, a San Francisco Bay Area private equity firm, has acquired Builders Cabinet, Inc., a Chicago-based designer, manufacturer and installer of premium and semi-custom cabinetry serving the greater Chicagoland market. Founder and president Brian Benner prepared for retirement as part of the transaction; VP Brian Benner (owner) will transition out and Ben VanDixhorn will continue as vice president to support growth under Salt Creek's ownership.

  • Buyer
    Colfax Creek Capital
    Target
    Performance Stamping
    Type
    Addon

    Colfax Creek Capital acquired Performance Stamping, a Chicago-area precision metal stamping and fabricated components manufacturer based in Carpentersville, Illinois. Performance Stamping will operate alongside Dial Tool Industries and Traverse City Products as part of a growing platform under Addison Traverse Manufacturing.

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