Key transactions & industry newsWeekly Update 08/07/2026

What We Found Interesting This Week

Aug 4, 2026 – Trimac Transportation is pleased to announce the acquisition of California Freight. Headquartered in Ripon, Calif., California Freight is one of California’s largest multi-faceted food-grade bulk logistics providers, operating eight trucking terminals, a warehousing terminal and brokerage facility across California and Nevada. (Trimac)


Trimac has now completed more than 20 transactions since 2019, including acquisitions of regional bulk specialists with terminals, tank-wash capabilities, and customer relationships that can’t be replicated simply by adding new trucks. California Freight fits that strategy, bringing 8 terminals across California and Nevada, more than 400,000 square feet of food-grade warehouse space in the San Joaquin Valley, and brokerage relationships built over 2 decades in dairy, wine, and beverage. The timing is what makes this deal interesting. ACT Research notes that the 2026 truckload market is experiencing a supply-driven recovery, with spot rates up ~43% YoY in June as capacity exits, driver scarcity, and tighter enforcement support pricing despite limited demand growth. In this environment, carriers with regulatory barriers to entry are better positioned. Sanitary transport requirements, tank-cleaning infrastructure, and shipper audit standards make it harder for new capacity to enter, helping these assets hold pricing better than dry van carriers. Vertical integration matters too, since owning warehousing alongside tanker operations gives Trimac a deeper position in customers’ supply chains. Coming out of the freight recession, this deal is indicative of capital seeking value in specialized and niche businesses with strong customer relationships and pricing power, rather than just adding scale in the lower-margin, more commoditized trucking sector.

Recent M&A Transactions

Metals & Mining

Aug 5, 2026 – Altair Industries, a private equity firm that partners with management teams in an effort to scale middle-market businesses across the aerospace and defense and mission-critical industrial sectors, announced that it has acquired Central Wire Industries, a global manufacturer of specialty alloy wire and cable products with operations across the U.S., Canada, and Europe. (PRNewswire)

Aug 5, 2026 – SPS Companies Inc. will acquire Jemison Metals from Jemison Investment Company, the latest deal between two major service center companies in North America. Jemison, based in Birmingham, Ala., is a flat-rolled service center with seven facilities in five states. (MetalCenterNews)

Aug 4, 2026 – IsoEnergy Ltd. (NYSE American:ISOU) (TSX:ISO) announce that it has entered into a definitive agreement with DISA Technologies, Inc. to create DISA Uranium™ Corporation, a new technology-enabled U.S. uranium company positioned to strengthen domestic uranium supply and support the growing demand for secure, U.S.-sourced nuclear fuel. (PRNewswire)

Transportation & Logistics

Aug 7, 2026 – ADNOC Logistics & Services a unit of Abu Dhabi’s state oil giant ADNOC, has acquired five Very Large Gas ‌Carriers and six Very Large Crude Carriers for about $1.3B, expanding its gas and crude shipping capacity. (Reuters)

Aug 6, 2026 – BlueGrace Logistics, a leading Managed Logistics (3PL) provider operating throughout North America, announced the acquisition of Truk TMS, a logistics provider that has operated as a BlueGrace Logistics partner. The acquisition gives its customers full access to BlueGrace’s complete suite of Managed Logistics®, LTL, truckload and parcel, supported by advanced technology and data-driven optimization. (EINPresswire)

Aug 6, 2026 – Apollo Global Management has agreed to buy British budget airline easyJet for the equivalent of roughly $7.7B, prevailing in a weekslong bidding war for the carrier. (WSJ)

Aug 6, 2026 – Fastfrate Group announced it has acquired Jardine Transport Group, adding more than 200 power units and strengthening its truckload, less-than-truckload, logistics, warehousing and distribution operations across Canada. (TruckNews)

Aug 4, 2026 – Prologis agreed to buy U.K. rival Segro for $18.81B, the companies said, in a deal that bulks up the U.S. warehouse landlord’s European footprint. (WSJ)

Aug 4, 2026 – Trimac Transportation is pleased to announce the acquisition of California Freight. Headquartered in Ripon, Calif., California Freight is one of California’s largest multi-faceted food-grade bulk logistics providers, operating eight trucking terminals, a warehousing terminal and brokerage facility across California and Nevada. (Trimac)

Aug 3, 2026 – InfraRed Capital Partners, a leading international infrastructure asset manager, announced that one of its value-add funds has acquired a majority stake in Rail Modal Group, a U.S. inland intermodal rail terminal and export logistics platform. (PRNewswire)

Building Products & Materials

Aug 4, 2026 – Trimlite Equity, L.P., a value-added distributor of residential doors and door products, and a portfolio company of Wynnchurch Capital, L.P., announced the acquisition of Barnett Millworks, a leading distributor of residential door products serving customers throughout the Southeast and Gulf Coast. (Wynnchurch)

Aug 3, 2026 – PrimeSource Brands, a North American provider of specialty branded building products backed by Clearlake Capital Group, L.P., announced that it has acquired Starborn Industries, a leading provider of branded fastening solutions and installation systems for decking and exterior applications. (Clearlake)

Energy

Aug 6, 2026 – Sunoco LP (NYSE:SUN) announced that it has entered into a definitive agreement whereby Sunoco will acquire Offen Petroleum in an all-cash transaction valued at approximately $600M. (BusinessWire)

Aug 6, 2026 – LS Power, a leading development, investment and operating company focused on the North American power and energy infrastructure sector, announced it has entered into a definitive agreement with Constellation to acquire the Brazos Valley Energy Center, a 606-megawatt (MW) natural gas-fired combined-cycle facility located outside Houston, Texas.. (PRNewswire)

Aug 5, 2026 – U.S. independent power producer Heelstone Renewable Energy has acquired the 188-MWp Cypress Pointe Solar project in Texas from Azimuth Renewables for an undisclosed price. (RenewablesNow)

Aug 3, 2026 – TotalEnergies has signed an agreement with an insurance account managed by KKR, a global leading investment firm, for the sale of a 50% stake in an already largely developed 1.2 GW onshore solar and wind asset portfolio in Europe. The portfolio’s enterprise value amounts to $2.08B. (BusinessWire)

Others

Aug 3, 2026 – Crescentia Capital announced a strategic investment in Underwater Construction Company LLC, a leading provider of specialized underwater diving services to the nuclear and hydroelectric power generation, U.S. Navy, municipal water infrastructure, and industrial end markets. (CrescentiaCapital)

Aug 3, 2026 – Investment firm KKR has struck a deal to acquire medical-device outsourcing company Integer Holdings for about $4.3B in cash. (WSJ)

Top News Stories

Metals & Mining

Southeast Asia’s aluminum extrusion boom: Five new projects and 8.47% CAGR - what’s driving the growth? From a Hong Kong-backed plant in Vietnam to Malaysia’s largest extrusion expansion in years and Indonesia’s biggest extrusion press, Southeast Asia is witnessing a wave of aluminum extrusion investments.

Oswego restart, Bay Minette aluminum project fuel Novelis’ 71% Q1 FY27 profit. Hindalco subsidiary Novelis has expanded its aluminum rolling and recycling footprint through the continued commissioning of its Bay Minette greenfield site in Alabama and the restart of its Oswego hot mill in New York.

Codelco’s El Teniente two-year setback deepens copper fears. Suspended development of the Andes Norte section at Codelco’s flagship El Teniente mine could last as long as two years, according to a union leader, compounding production challenges at the world’s largest underground copper mine and tightening an already strained global copper market.

Speira advances Rheinwerk aluminum recycling hub with $46M furnace investment. Speira is progressing with the redevelopment of its Rheinwerk facility in Neuss, Germany, as it continues transforming the site into an aluminum recycling hub.

Adani’s proposed $11.5B aluminum project in Odisha to adopt hybrid power model. Adani Group and Abu Dhabi-based International Holding Company are moving ahead with plans to build one of India’s largest integrated aluminum manufacturing complexes in Odisha.

Transportation & Logistics

Daimler to build largest U.S. truck manufacturing plant. One of the largest truck manufacturing plants in the U.S. does not have an address yet. It instead has a supervisory board signature, with construction to start in late 2026. The headcount is projected in the thousands.

Energy Secretary signals Jones Act waiver extension as pump prices remain elevated. U.S. Energy Secretary Chris Wright said that another temporary extension of the Jones Act waiver is likely and that the existing exemption has already helped lower energy prices in California and on the U.S. East Coast.

Matson profit surges 30% on China shipping demand. Matson, Inc. reported second-quarter 2026 earnings that significantly exceeded Wall Street expectations, driven by robust demand and higher freight rates in its premium China service.

HappyRobot Series C mints FreightTech’s newest unicorn. HappyRobot closed a $150M Series C at a $1.2B post-money valuation, putting a price on the idea that AI agents can absorb the phone calls, emails and follow-ups that move freight.

Transportation capacity falls faster in July, rates remain high. Although the transportation market cooled in July from a seasonally stronger June, it remained very tight, according to data from a monthly survey of supply chain professionals.

Energy

Hundreds of millions in grid deposits linger in uncertainty following Texas data center pause. After putting up tens of millions of dollars ​to connect to the Texas grid, data center companies in the Lone Star State now risk losing their deposits without a clear ‌pathway to power up their server warehouses, according to interviews with more than a half-dozen data center companies and their attorneys.

RWE says reached $1.22B deal to cancel U.S. offshore wind leases and invest in gas. German energy company RWE said that it had reached a $1.22B deal with the Trump administration to cancel three offshore wind leases in U.S. waters and to direct the funds to LNG and natural gas power ​plant projects.

SpaceX ramps up Tesla Megapack purchases in Q2 to power its AI data centers. SpaceX ramped up spending on energy products from CEO Elon Musk’s other trillion-dollar company, Tesla, during the period ending June 30, 2026, financial filings revealed.

Saudi Aramco profits jump 33% in second quarter as Iran war squeezes oil supply. Saudi Aramco reported a jump in second-quarter profit, following a period of severe disruption through the Strait of Hormuz amid the sprawling Middle East conflict.

BP profit more than doubles as Trump blasts Big Oil for ‘making too much money’. Britain’s BP reported a sharp upswing in second-quarter profit, as energy supermajors reap massive profits from higher fossil fuel prices amid hostilities between the U.S. and Iran.

Others

Partners Group in talks to buy Aroma-Zone stake in deal that values company at $2.3B. Partners Group is in exclusive talks to buy a majority stake in Aroma-Zone from Eurazeo in a potential deal that values all of the brand at about $2.3B, including debt, according to two people familiar with the transaction.

SoftBank uses OpenAI stake to borrow $10B. Global tech investor SoftBank Group used its stake in OpenAI to borrow $10B from a group of banks, the company said, dialing up risk on its giant bet on the AI pioneer.

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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