BlackRock and EQT to Take AES Corporation Private in $33.4B Clean Energy Deal
A consortium led by BlackRock's Global Infrastructure Partners and EQT Infrastructure agreed on 2 March 2026 to acquire power company AES Corporation for $15 per share in cash — an enterprise value of $33.4 billion — in one of the largest utility take-privates in history. Co-investors include CalPERS and the Qatar Investment Authority. The deal shields AES from volatile public markets during a capital-intensive build-out of clean energy and data centre power infrastructure. Close is expected in late 2026 or early 2027.
QXO to Acquire TopBuild for $17B in Landmark Building Products Deal
QXO announced on 19 April 2026 a definitive agreement to acquire TopBuild Corp. for approximately $17 billion — the largest building products distribution deal in decades. At $505 per share (a 23.1% premium), the consideration is 45% cash and 55% QXO stock. The deal creates the second-largest publicly traded building products distributor in North America with over $18 billion in combined revenue. Close is expected in Q3 2026.
AMETEK Agrees to Acquire Indicor Instrumentation for $5B in Precision Instruments Push
AMETEK announced on 6 May 2026 a definitive all-cash agreement to acquire Indicor Instrumentation for approximately $5 billion — one of the largest acquisitions in AMETEK's history. Indicor generates approximately $1.1 billion in annual sales from precision instruments serving industrial and scientific applications. The businesses will be integrated into AMETEK's Electronic Instruments and Electromechanical Groups. Close is expected in the second half of 2026 pending regulatory approvals.