Key transactions & industry news Weekly Update 05/09/2025
Recent M&A Transactions
Metals & Mining
May 08, 2025 – MiddleGround Capital announced that it has acquired Zoerkler GmbH & Co KG, an Austria-based manufacturer and supplier of high-performance transmission components for the aerospace & defense, automotive, rail, and industrial industries. Zoerkler will be integrated into MiddleGround’s portfolio company, Xtrac, a leading designer, manufacturer, and supplier of high-performance transmissions and mechatronics for top-level professional motorsport and specialist high-performance automotive applications. (GlobeNewswire)
May 06, 2025 – SDI Corporation (TWSE:2351) agreed to acquire remaining 15.38% stake in Chao Shin Metal Industrial Corp. for TWD 47.5 million on May 7, 2025. Upon completion, SDI Corporation will own 100% stake in Chao Shin Metal Industrial Corp. SDI Corporation will use its own funds for the transaction. (MarketScreener)
May 01, 2025 – Abhishek Narbaria and Umesh Kumar Sahay agreed to acquire 52.28% stake in Synthiko Foils Limited (BSE:513307) from Ramesh Dadhia, Urmila Ramesh Dadhia, Bhavesh R Dadhia, Neha H. Dadhia and Yogesh Ramesh Dadhia for approximately INR 110 million on May 2, 2025. A cash consideration of INR 111.89 million valued at INR 123 per share will be paid by the buyer. As part of consideration, INR 111.89 million is paid towards common equity of Synthiko Foils Limited. (MarketScreener)
Transportation & Logistics
May 06, 2025 – The supply chain unit of German parcel and logistics giant DHL has acquired IDS Fulfillment to bolster its e-commerce service offerings to small and midsize customers in the United States, the company announced on Tuesday. The deal brings more than 1.3 million square feet of public warehouse and distribution space under the DHL umbrella, including facilities in Indianapolis, Salt Lake City, Atlanta and Plainfield, Indiana, where IDS is headquartered. DHL Supply Chain also gains a diverse customer portfolio, including small-and-medium enterprises, and fulfillment expertise. (FreightWaves)
May 06, 2025 – Global transportation and logistics company Radiant Logistics, Inc. said it has acquired Universal Logistics, Inc. to add to its North American footprint. Universal Logistics, located in Houston, TX, specializes in time-sensitive domestic and international air and ocean freight for the oilfield services and HVAC industries. The company has been operating under the Airgroup brand since 2001. On closing, Universal will continue to operate under the Airgroup brand as it transitions to the Radiant brand. Universal’s Houston’s operations will combine with existing Radiant operations in the area. (Transportation Today)
May 05, 2025 – TransFin-M Public Company, a railcar leasing and financing company, has agreed to acquire a 51% stake in OOO Transles from Demetra-Holding LLC recently.
Building Products & Materials
May 07, 2025 – Doorland Group, a leading manufacturer of custom engineered stile and rail wood doors and MDF solutions, today announced the acquisition of DoorWorks Company, a premier U.S.-based manufacturer of architectural MDF doors based in Stanley, North Carolina. This acquisition is the latest step in Doorland Group’s strategy to expand its product offerings and geographic presence across North America. DoorWorks has built a strong reputation for its quick-ship MDF programs, precise architectural detailing, and commitment to high-performance craftsmanship for residential and commercial interiors. (CBS)
May 05, 2025 – Sulaiman Al-Saif Group acquires Rotpunkt Dr. Anso Zimmermann GmbH. With this acquisition, the experienced Sulaiman Al-Saif Group expands its portfolio with a German family business with global presence. (Grant Thornton)
Energy
May 08, 2025 – Finning International Inc. (TSX: FTT) has entered into a definitive agreement to sell 100% of its mobile on-site refueling business, operating through subsidiaries 4Refuel Holdings Limited, Midnight Holding, Inc., and their respective affiliates, to affiliates of H.I.G. Capital for a total purchase price of up to $400 million, subject to customary closing adjustments. (Private Capital Journal)
May 05, 2025 – Sunoco LP (NYSE: SUN) and Parkland Corporation (TSX: PKI) announced that the parties have entered into a definitive agreement whereby Sunoco will acquire all outstanding shares of Parkland in a cash and equity transaction valued at approximately $9.1 billion, including assumed debt. (Sunoco)
Others
May 05, 2025 – Skechers U.S.A., Inc. (NYSE: SKX), a Fortune 500 company and the third largest footwear company in the world, today announced that it has agreed to be acquired by 3G Capital, a global investment firm built on an owner-operator approach to long-term investing. One of the largest founder-led consumer product companies in the world with $9 billion in annual sales, Skechers’ significant growth over the past 30 years has been driven by a relentless focus on delivering style, comfort, quality, and innovation at an affordable price. Known as the Comfort Technology Company®, Skechers is a growth-oriented, product-driven brand with a diverse distribution network, and highly loyal customers and consumers. (Skechers)
Top News Stories
Metals & Mining
Indo-Pak standoff: A repeat of aluminium trade disruptions like the Ukraine-Russia conflict? Geo-political conflicts often have ripple effects on metal markets, disrupting trade flows and driving commodity price volatility. A clear example is the ongoing Ukraine-Russia conflict, which has altered the dynamics of the global aluminium market. Firstly, within less than a month following the onset of the conflict in 2022, the aluminium prices on the London Metal Exchange (LME) surged by 34 per cent, reaching almost USD 4000 per tonne in early March, then followed a wave of Western sanctions against Russia, triggering supply chain disruptions, increasing concentration of aluminium in London Metal Exchange (warehouses), potential shortages, and ultimately production cuts, especially in Europe, a region historically dependent on Russian aluminium.
Britain’s IAG to buy Boeing and Airbus jets. The United States said on Thursday Britain would purchase $10 billion of Boeing jets and industry sources said British Airways owner IAG would also buy some 30 jets from Europe’s Airbus in a fleet expansion split between transatlantic rivals. U.S. Commerce Secretary Howard Lutnick revealed the U.S. part of the jet order on Thursday during the announcement of a bilateral trade deal between Britain and the United States.
Aluminum Dynamics mill on track to open by summer 2025. Construction for Aluminum Dynamics’ $2.5 billion aluminum flat-rolled mill is well on track to meet its summer 2025 opening, ADI Operations Manager Gregg Whigham told the Rotary Club of Columbus Tuesday. The 2.3 million square-foot mill, which falls under Steel Dynamics’ umbrella, on Charleigh D. Ford Drive is the first aluminum rolling mill of this size built in the U.S. since World War II.
Transportation & Logistics
Maersk: US-China trade war will swing world container demand. A.P. Moller-Maersk, the world’s second-largest ocean carrier, said global container demand this year hinges on the outcome of U.S.-China trade negotiations. The parent of Maersk (MAERSK-B.CO) on Thursday revised its full-year volume outlook from a decline of 1% to a gain of as much as 4%. It previously had forecast an increase of 4%.
Layoffs hit BNSF tech staff amid restructuring. BNSF Railway has laid off a portion of its technology services staff as part of a departmental restructuring effort. While BNSF did not disclose specific numbers, the cuts are believed to have affected between 140 and 175 workers. The Fort Worth, Texas-based carrier is creating a division called “bnsf | tech” as part of what it describes as “a strategic initiative to transform the future of rail operations through innovation.” According to a prepared statement, this new organization “will be infused with new investment and an expanded team of software engineers focused on building a safer, smarter railroad.”
Energy
USA EIA Lowers WTI Oil Price Forecasts. The U.S. Energy Information Administration (EIA) lowered its West Texas Intermediate (WTI) spot average price forecasts for 2025 and 2026 in its latest short term energy outlook (STEO), which was released on May 6. According to that STEO, the EIA now sees the WTI spot price averaging $61.81 per barrel this year and $55.24 per barrel next year. In its previous STEO, which was released in April, the EIA projected that the WTI spot price would average $63.88 per barrel in 2025 and $57.48 per barrel in 2026. Both STEOs highlighted that the WTI spot price came in at $76.60 per barrel in 2024.
Others
Ahead of China-US talks, Trump says 80% tariff ‘seems right’. U.S. President Donald Trump said on Friday an 80% tariff on Chinese goods “seems right,” suggesting for the first time a specific alternative to the 145% levies he has imposed on Chinese imports ahead of closely watched weekend talks between the two countries.
About RJM
RJM & Company is a specialized M&A and capital markets advisory investment bank. We provide boards and management teams of public and private companies with independent advice and expertise in a variety of sectors including road, rail and marine transportation, infrastructure, chemicals, energy, metals and mining, manufacturing, building materials, and other coverage areas of the industrial complex. RJM advises clients on all aspects of transactions including timing, structure, and pricing. RJM originates opportunities and helps negotiate and execute transactions already under evaluation.