The five major M&A transactions announced in the second half of September 2026 add up to roughly $8.35 billion. They span leisure travel, radiopharmaceuticals, payments, electrical distribution, and oilfield water infrastructure.
Below are the top five M&A deals announced in the week ending September 27th, 2026. The data is curated from the Intellizence mergers & acquisitions Dataset.
- Telix Pharmaceuticals to merge with ITM Isotope Technologies Munich SE, for $1.65 billion.
- Priority Technology Holdings, the payments and banking solutions provider, will be taken private by a group led by Chairman and CEO Thomas Priore in a deal valued at about $1.6 billion.
- France’s Rexel to buy US distributor GCG for $1.4 billion.
- Select Water Solutions to acquire Pilot Water Solutions, a leading private water midstream company with primary operations in the Delaware Basin, for $700 million.
| Acquiring Company | Acquired Company | Deal Size |
|---|---|---|
| Royal Caribbean Group | Sandals Resort (Stake) | $3 billion |
| Telix Pharmaceuticals | ITM Isotope Technologies Munich SE | $1.65 billion |
| Priority Technology Holdings | Atome Financial | $1.6 billion |
| Rexel | GCG | $1.4 billion |
| Select Water Solutions | Pilot Water Solutions | $700 Million |
Top 5 Major Deals of the Week
1. Royal Caribbean Acquires Stake in Resort Operator Sandals for $3 Billion
Acquirer: Royal Caribbean
Acquired: Sandals and Beaches Resorts (Stake)
Deal Value: $3 Billion
Industry: Travel
Royal Caribbean Group will acquire a 50% equity interest in Sandals and Beaches Resorts for about $3 billion, roughly 10x forward EBITDA. The deal would give Royal Caribbean a larger role in land-based vacations and provide a platform for further resort growth. The $3 billion refers to the 50% interest; it should not be recorded as the purchase price for the entire resort business.
The deal pairs Royal Caribbean, Celebrity and Silversea with a land-based resort brand, widening the group’s reach into the roughly $2 trillion global vacation market. .
The strategic reasons for JV are:
- Offer more kinds of vacations. Royal Caribbean can connect its cruises and private destinations with Sandals’ adults-only resorts and Beaches’ family resorts.
- Reach more travelers. The companies plan to introduce guests to vacation options across both portfolios and broaden Sandals and Beaches’ distribution.
- Help the resorts grow. Sandals says the partnership gives it resources to expand faster while its existing leadership continues to guide the brands.
2. Telix and ITM: Bringing isotope supply and therapeutics together
Acquirer: Telix
Acquired: ITM(Merger)
Transaction Value: $1.65 Billion
Industry: Biotechnology
Telix Pharmaceuticals will combine with ITM Isotope Technologies Munich SE for $1.65 billion in upfront consideration on a cash-free, debt-free basis. The terms also provide for up to $700 million in additional contingent payments if specified regulatory and commercial milestones for ITM-11 are met. The transaction remains subject to shareholder approval and other closing conditions.
ITM’s radioisotope production and therapeutic pipeline complement Telix’s radiopharmaceutical business. The proposed combination reflects the value of securing specialized supply and development capabilities in one organization. The potential milestone payments are separate from the $1.65 billion upfront figure.
3. Priority Technology to go private in $1.6 billion CEO-led deal
Acquirer: Priority Technology Holdings (Go Private)
Acquired: Group Led by Chairman and CEO Thomas Priore
Deal Value: $1.6 billion
Industry: Technology/Fintech
Priority Technology Holdings to be taken private by an investor group led by chairman and CEO Thomas Priore. The group will pay $8.05 per share in cash for shares it does not already own. Priority reported an enterprise value of approximately $1.6 billion for the transaction. Funds advised by Searchlight Capital Partners are providing part of the equity financing.
The proposed transaction requires regulatory and unaffiliated shareholder approvals and is expected to close in the first half of 2027. The transaction was unanimously recommended by a special committee of independent directors following a review conducted with its legal and financial advisers.
4. Rexel to acquire GCG, a leading specialty infrastructure platform in the US
Acquirer: Rexel
Acquired: GCG
Deal Value: $1.4 billion
Industry: Automobile
France-based Rexel agreed to acquire US distributor GCG from Audax Private Equity at an enterprise value of approximately $1.4 billion. GCG provides specialty wire and cable, connectivity, power and engineered solutions. Rexel said the company operates 16 locations and expects to generate more than $1.1 billion in revenue in 2026.
Rexel sees opportunities in GCG’s exposure to data centers, power infrastructure and grid modernization, as well as in combining their distribution and technical capabilities. The acquisition is expected to close by the end of 2026, subject to customary conditions.
5. Select Water Solutions Announces Agreement to Acquire Pilot Water Solutions for $700 Million
Acquirer: Select Water Solutions
Acquired: Pilot Water Solutions
Deal Value: $700 Million
Industry: Energy & Utilities
Select Water Solutions agreed to acquire Pilot Water Solutions for $700 million: $600 million in cash and $100 million in Select shares. A further $15 million may become payable if specified milestones are achieved. Pilot’s primary operations are in the Delaware Basin.
Select said the combined platform would have approximately 3.8 million barrels per day of recycling capacity and more than 1,600 miles of pipelines. The deal would expand its water infrastructure network and contract operations in a significant oil and gas region. The possible $15 million payment should be tracked separately from the $700 million base price.
What These M&A Deals Tell Us About the Market
These five announcements illustrate several routes to growth:
- Entering an adjacent vacation category
- Combining specialized healthcare capabilities
- Changing ownership structure,
- Adding infrastructure scale.
They also show why deal analysis needs more than a company name and a dollar amount. Deal type, valuation basis, contingent payments and status all affect how a transaction should be understood.
Why Track the Latest M&A and Divestment Signals with Intellizence
The Intellizence Mergers & Acquisitions Dataset helps teams track acquisitions, mergers and divestments across industries. Its structured deal records include announced dates, company details, deal type, status, disclosed amount, currency and source links. Teams can also use the M&A Signals API to filter and monitor transactions for research and internal workflows. Intellizence
Whether the goal is to identify sales opportunities, monitor customers, research competitors, analyze investment activity or track industry consolidation, M&A data can provide an early indication that a company’s priorities are about to change.
The dataset can help teams:
- Identify newly announced M&A transactions across public and private companies
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