Key transactions & industry newsWeekly Update 05/29/2026

What We Found Interesting This Week

May 27, 2026 – RealCold, a rapidly expanding national cold chain solutions provider, announced its acquisition of SCL Cold Chain, a Dallas-based, CEIV⁠-⁠certified logistics company known for its temperature⁠-⁠controlled expertise across specialized sectors including pharmaceuticals, medical devices, wine, and boutique foods. (PRNewswire)


RealCold’s acquisition of SCL Cold Chain highlights a move into more specialized cold⁠-⁠chain segments at a time when the broader cold storage market is becoming more compressed and selective. Rather than just adding generic temperature-controlled capacity, the deal pushes RealCold further into higher⁠-⁠value products such as pharmaceuticals, medical devices, wine, and boutique foods, supporting stronger margins and stickier customer relationships. The shift matters in a market where rising vacancy and recent oversupply are putting more pressure on undifferentiated cold storage operators. As conditions tighten, growth increasingly depends less on adding square footage and more on serving customers with specialized needs that are harder to replicate. RealCold’s move suggests the next leg of competition in cold storage may be defined by specialization and product mix, not just scale.

Recent M&A Transactions

Metals & Mining

May 26, 2026 – New Age Metals Inc. (TSX.V:NAM | OTCQB:NMTLF | FSE:P7J) has entered into an option agreement, after completing its due diligence, with arms-length party, Torr Resources Corp. to acquire up to a 100% interest in the Dash Lake Gold-Copper Project, which is directly contiguous with and expands the Company’s Double R Project located in the Kenora and Rainy River Districts of northwestern Ontario. (TheNewswire)

Transportation & Logistics

May 27, 2026 – RealCold, a rapidly expanding national cold chain solutions provider, announced its acquisition of SCL Cold Chain, a Dallas-based, CEIV-certified logistics company known for its temperature-controlled expertise across specialized sectors including pharmaceuticals, medical devices, wine, and boutique foods. (PRNewswire)

May 26, 2026 – Global-e Online Ltd. (NASDAQ:GLBE), the platform powering global direct-to-consumer e-commerce, announced that it has entered into a definitive agreement to acquire Passport Global Inc., a U.S.-based cross-border e-commerce logistics and solutions company. (Global-e)

May 26, 2026 – Voltera and Revel announced that they have entered into a definitive agreement to combine their businesses, creating a next-generation infrastructure platform focused on building, owning, and operating fast-charging networks purpose-built for autonomous vehicles, electric fleets, and ride-hail deployment in dense urban markets. (BusinessWire)

Building Products & Materials

May 28, 2026 – Apogee Enterprises, Inc. (Nasdaq APOG) a leading provider of architectural building products and services, as well as high-performance coated materials used in a variety of applications, has entered into a definitive agreement to acquire Kalwall Companies from the Keller family for up to $115M on a cash-free, debt-free basis, subject to customary closing conditions. (BusinessWire)

May 26, 2026 – Eastwood Homes announced the acquisition of Peachtree Building Group, expanding the company’s footprint further into the metro Atlanta market and continuing its strategic growth across the Southeast. (PRNewswire)

Energy

May 27, 2026 – Post Oak Energy Capital, LP announced the simultaneous sale of the producing Haynesville natural gas assets of Nadel and Gussman NV, LLC and Quantent Energy Partners, LLC. (BusinessWire)

May 27, 2026 – DigitalBridge Group, Inc. (NYSE:DBRG), a leading global alternative asset manager dedicated to digital infrastructure, announced that it has entered into a definitive agreement to acquire ArcLight Capital Partners, LLC, one of North America’s leading specialist investors in power and electric infrastructure, for a total transaction value of up to $1.05B. (BusinessWire)

May 27, 2026 – Buyout group CVC Capital Partners sold its stake in Naturgy Energy Group, raising $3.57B, weeks after BlackRock exited its entire investment in the Spanish energy group. (WSJ)

Others

May 29, 2026 – International Flavors & Fragrances has agreed to sell its food-ingredients business to buyout firm CVC Capital Partners in a deal that values the division at $4.3B including debt. (WSJ)

May 28, 2026 – Billionaire Tilman Fertitta has reached an agreement to buy Caesars Entertainment for about $5.7B. Fertitta’s company, Fertitta Entertainment, will pay Caesars shareholders $31 a share and assume about $11.9B of the casino company’s outstanding debt. (WSJ)

May 26, 2026 – Eli Lilly will buy three vaccine ‌developers in deals worth up to $3.8B in combined value, signaling its push into infectious disease prevention. The U.S. drugmaker said it had agreed to acquire Curevo, LimmaTech Biologics and Vaccine Company. (Reuters)

Top News Stories

Metals & Mining

Rio Tinto considers reopening aluminum potline at NZAS. Rio Tinto is looking at bringing part of the New Zealand Aluminum Smelter in Tiwai Point back into use after several years of inactivity. The company has announced plans linked to the possible restart of Line 4, a potline that has been shut down since 2020.

Hindalco’s FY26: India operations absorb Novelis shock as revenue hits record $28.7B. Hindalco Industries closed FY26 with its highest-ever consolidated revenue and EBITDA, but the profit numbers surfaced through the performance report tells a different tale.

USA Rare Earth stock rises after DOE selects company for $19.3M critical materials funding. USA Rare Earth saw its stock rise after the company announced that it had been selected by the U.S. Department of Energy for potential funding of up to $19.3M under the department’s Critical Materials Innovation, Efficiency and Alternatives program.

U.S. gallium strategy depends on Jamaica bauxite supply. The 450 million partnership involves Atlantic Alumina Company and aims to maintain operations at the Gramercy alumina refinery in Louisiana while also building the country’s first large-scale gallium production circuit.

Transportation & Logistics

DHL outsources last-mile parcel delivery to US Postal Service for $10B. The U.S. Postal Service has inked a multi-year contract valued at more than $10B to continue providing last-mile parcel delivery service for DHL eCommerce, which specializes in cross-border and domestic B2C shipping services for e-commerce merchants.

Attorney Generals urge STB to reject new rail merger application. The top law enforcement officers from six states today urged the Surface Transportation Board to reject Union Pacific and Norfolk Southern’s revised merger application.

Stord raises $250M to harness AI for e-commerce logistics. Fast-growing e-commerce logistics specialist Stord announced it has raised $250M in late-stage venture capital funding that values the company at $3B and will be used for rapid development of artificial intelligence and robotics technology so smaller brands can better compete with retail giants like Amazon.

Energy

BP set to take over offshore natural gas project in Azerbaijan, sources say. Energy major will become the operator of a large ​offshore natural gas production project ‌in Azerbaijan - the Babek gas field.

KKR’s ContourGlobal launches solar-plus-storage project in Chile. ContourGlobal, a clean energy company ​owned by KKR, ‌announced the start of operations ​at a large-scale ​solar-plus-storage project in Chile.

Exxon wins shareholder backing for legal move to Texas. Exxon Mobil shareholders approved the company’s plan to redomicile in Texas, marking a win for the top U.S. oil producer after two leading proxy advisory firms advised investors to strike down the ​proposal.

Nuclear power startup Newcleo to go public through SPAC deal. Newcleo said it will go public in the U.S. through a blank-check deal ​that values the nuclear power startup at about $2.4B on a pre-money basis.

Others

Trump and Democrats get Paxton in Texas, the Senate nominee they all wanted. President Trump and Democrats rarely find themselves in alignment. Yet both sides wanted the same outcome in Texas Senate primary runoff election.

The Idaho chip maker that doubled to $1T in 48 days. The Boise, Idaho-based maker of memory chips closed above $1T in market value for the first time, a sign of how even the most basic elements of the AI build-out are getting swept up in the yearlong frenzy for semiconductor stocks.

Bezos’ Blue Origin loses rocket in explosion on launchpad. A rocket being tested by Jeff Bezos’ space company exploded, sending an enormous ball of fire into the sky.

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.

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