Key transactions & industry news Weekly Update 04/25/2025

Metals & Mining

Apr. 23, 2025 – Sierra Metals Inc., Alpayana S.A.C. and Alpayana Canada Ltd. jointly announce that they have reached an agreement in principle for an all-cash, board supported take-over bid under which Alpayana Canada will make an offer to acquire all of the common shares of the Company for cash consideration of CDN $1.15 per Common Share. (Business Wire)

Apr. 22, 2025 – Littlejohn Capital, LLC announced the acquisition of 3P Processing, a provider of metal processing and finishing solutions to the aerospace industry. Based in Wichita, KS, 3P Processing delivers one-stop surface metal processing and finishing solutions for aluminum, titanium, and steel components. The company’s specialized services include masking, prime, & topcoat, chemical processing, non-destructive testing, shot peening, and other ancillary services. 3P is a critical provider to the aerospace sector supporting the commercial, business aviation and defense sectors. 3P Processing maintains multiple NADCAP certifications, as well as over 20 OEM approvals from companies including Boeing, Gulfstream, Lockheed Martin, Sikorsky, Cessna, and Raytheon Technologies, among others. (PRNewswire)

Apr. 22, 2025 – Altius Minerals Corporation reports that Orogen Royalties Inc., of which it is a major shareholder with 39,557,960 Orogen shares, has announced a definitive agreement with Triple Flag Precious Metals Corp. whereby Triple Flag will acquire all of the issued and outstanding common shares of Orogen for total consideration of approximately $421 million or $2.00 per Orogen share, comprised of approximately $171.5 million in cash, $171.5 million in Triple Flag shares, and shares of a new company with an implied value of approximately $78 million. (Business Wire)

Transportation & Logistics

Apr. 25, 2025 – UPS plans to acquire Andlauer Healthcare Group Inc., a Canada-based provider of cold chain logistics services for the health care sector, in an all-cash transaction for $1.6 billion, the company announced on Thursday. UPS, like global integrated shipping rivals FedEx and DHL, has targeted health care logistics as a primary area for growth because specialized storage and transport requirements for pharmaceuticals and biopharma products command high margins. The transaction comes on the heels earlier this year of UPS’ acquisition in January of Frigo-Trans and sister company BPL, which provide temperature-controlled warehousing and transportation in Europe for pharmaceutical and biotech companies, for an undisclosed amount. (FreightWaves)

Apr. 22, 2025 – Cmb.Tech NV signed a term sheet to acquire remaining 50.65% stake in Golden Ocean Group Limited for approximately BMD 880 million on April 22, 2025. The consideration consists of common equity of Cmb.Tech NV at a ratio of 0.95 per common equity of Golden Ocean Group Limited subject to customary adjustments, including to reflect share buybacks, share issuances and/or dividend distributions that may take place prior to completion of the Merger. Upon completion of the Merger, 95,952,934 new shares of CMB.TECH would be issued, whereby CMB.TECH shareholders would own approximately 70% of the total issued share capital of the combined company (or 67% excluding treasury shares) and Golden Ocean shareholders would own approximately 30% (or 33% excluding treasury shares), assuming the Exchange Ratio is not adjusted. (MarketScreener)

Building Products & Materials

Apr. 25, 2025 – ASSA ABLOY has signed an agreement to acquire Door System, a Danish manufacturer of high-quality fire rated doors with particular expertise in the pharmaceutical, food and retail industries. Door System was founded in 1998 and has some 80 employees. The main office and factory are located in Hørning, Denmark. Sales for 2024 amounted to about MDKK 125 (approx. MSEK 190) with a good EBIT margin. The acquisition will be accretive to EPS from the start. (PRNewswire)

Apr. 21, 2025 – MAG Capital Partners, through its portfolio company Superior Concrete Products, announced the acquisition of Advanced Forming Technologies, LLC (AFTEC), a globally recognized designer and manufacturer of precast concrete wall forming systems and a leading U.S. supplier of noise, security, and perimeter walls for diverse commercial construction projects. Founded in 2004, Salt Lake City Utah-based AFTEC is known for pioneering highly defined formed texture finishes on both sides of precast concrete walls and setting new standards in the industry with its innovations. The company’s adaptability to customer-specific needs and its efficient nationwide service model ensures timely product delivery. (TBP)

Energy

Apr. 23, 2025 – EQT Corp., Pittsburgh, Pa., has agreed to acquire the upstream and midstream assets of Olympus Energy, Canonsburg, Pa., for $1.8 billion comprised of $500 million in cash and 26 million shares of EQT common stock. The assets comprise a vertically integrated, contiguous 90,000 net acre position offsetting EQT’s existing core acreage in Southwest Pennsylvania with net production of about 500 MMcfd, the operator said as part of its first-quarter 2025 earnings report Apr. 22. (Oil and Gas Journal)

Others

Apr. 22, 2025 – Boeing has entered into a definitive agreement to sell portions of its Digital Aviation Solutions business, including its Jeppesen, ForeFlight, AerData and OzRunways assets, to Thoma Bravo, a leading software investment firm. This all-cash transaction is valued at $10.55 billion. Boeing will retain core digital capabilities that harness both aircraft and fleet-specific data to provide commercial and defense customers with fleet maintenance, diagnostics and repair services. This digital expertise will continue to provide predictive and prognostic maintenance insights. (Boeing)