Top industrials mergers and acquisitions in February 2026
Every verified merger and acquisition in the industrials sector in this period, ranked by disclosed value. Updated every morning.
We tracked 12 deals in the industrials sector in February 2026, 7 of them with a disclosed value, worth $13.6bn in total. The largest was Blackstone Infrastructure and EQT Infrastructure VI's $6.6bn deal for Urbaser, ahead of QXO, Inc. and Kodiak Building Partners at $2.3bn.
Top industrials mergers and acquisitions in February 2026
- 112 FebBlackstone Infrastructure and EQT Infrastructure VI → UrbaserBlackstone and EQT agree $6.6bn deal for UrbaserIndustrials / Waste managementCompleted$6.6bn
- 211 FebQXO, Inc. → Kodiak Building PartnersQXO agrees US$2.25bn deal for Kodiak Building PartnersIndustrials / Building products distributionCompleted$2.3bn
- 324 FebCECO Environmental Corp. → Thermon Group Holdings, Inc.CECO Environmental agrees US$2.2bn deal for ThermonIndustrials / Industrial process heatingCompleted$2.2bn
- 419 FebITOCHU Corporation → Hitachi Construction Machinery (13% stake)ITOCHU lifts Hitachi Construction Machinery stake to 33.4% in ¥134bn buyout of JIPIndustrials / Construction machineryCompleted$866m
- 52 FebDonaldson Company, Inc. → Facet Filtration (Filtration Group)Donaldson agrees US$820m deal for Facet FiltrationIndustrials / FiltrationCompleted$820m
- 63 FebColliers International Group Inc. → Ayesa Engineering S.A.U.Colliers agrees US$700m deal for Ayesa EngineeringIndustrials / Engineering servicesCompleted$700m
- 74 FebYokogawa Bridge Holdings Corp. → Br. Holdings CorporationYokogawa Bridge agrees ¥24bn takeover of Br. HoldingsIndustrials / Bridge constructionCompleted$154m
- 827 FebMitsubishi Heavy Industries Compressor Corporation → AST Turbo AGMitsubishi Heavy Industries buys Swiss turbine service firm AST TurboIndustrials / Industrial servicesCompletedUndisclosed
- 925 FebHaworth Inc. → TaycoHaworth takes majority stake in Toronto furniture maker TaycoIndustrials / Office furnitureCompletedUndisclosed
- 109 FebBAE Systems plc (BAE Systems Bofors) → Aston Harald Mekaniska Verkstad ABBAE Systems Bofors buys Swedish machining supplier Aston HaraldIndustrials / Defence supply chainCompletedUndisclosed
- 115 FebKanadevia Corporation → Nippon Steel Engineering Co., Ltd.Kanadevia and Nippon Steel Engineering call off merger talksIndustrials / Environmental engineeringTerminatedUndisclosed
- 123 FebLittlejohn & Co. → 80/20Littlejohn buys modular framing maker 80/20 from MPEIndustrials / Modular framing systemsCompletedUndisclosed