For deal sourcers, staying current on private company activity is critical to spotting active buyers, tracking market trends, and uncovering emerging investment opportunities ahead of competitors.
In September alone, Dakota Marketplace added more than 2,000 new private company transactions, bringing the total to over 5,000 searchable deals across sectors, industries, and transaction types.
Inside Dakota Marketplace, you’ll find the transactions tab that provides structured, filterable data on deal types, values, and dates, while our editorial team curates daily updates through the Dakota transactions newsletter, helping you cut through the noise and focus on what matters most.
To ensure the most comprehensive coverage of private market activity, Dakota monitors over 10,000 websites including company websites, newswires, and numerous third-party news providers to capture and verify transaction data as it happens.
Below are the top 10 materials transactions.
1. OxyChem - Strategic Acquisition
- Transaction Date: 10/2/2025
- Industry: Chemicals
- Type: Merger & Acquisition
- Transaction Value: $9.7B
- Participants: Berkshire Hathaway Inc., Occidental Petroleum Corporation, Barclays Investment Bank, Cravath, Swaine & Moore LLP
Berkshire Hathaway (NYSE: BRK) announced a $9.7 billion all-cash agreement to acquire OxyChem, the chemical business of Occidental Petroleum (NYSE: OXY), marking a major addition to Berkshire’s portfolio of industrial subsidiaries. The transaction strengthens Occidental’s balance sheet while transferring a globally recognized producer of essential commodity chemicals used in water treatment, pharmaceuticals, and construction to Berkshire’s ownership, with closing expected in Q4 2025 pending regulatory approvals.
2. BASF Coatings - Leverage Buyout
- Transaction Date: 10/10/2025
- Industry: Materials
- Type: Buyout/Private Equity
- Transaction Value: $8.931B
- Participants: The Carlyle Group, Qatar Investment Authority, BASF Corporation
BASF announced a binding agreement to sell its automotive OEM coatings, refinish coatings, and surface treatment businesses to Carlyle (NASDAQ: CG) and Qatar Investment Authority (QIA) at an enterprise value of €7.7 billion, creating a leading standalone coatings company. BASF will retain a 40% equity stake in the new entity, ensuring continued partnership and value creation as Carlyle leverages its industrial carve-out expertise to accelerate growth, strengthen global operations, and enhance innovation across automotive and surface treatment markets; closing is expected in Q2 2026.
3. Xella - Carve-Out / Divestiture
- Transaction Date: 10/20/2025
- Industry: Construction Materials
- Type: Buyout/Private Equity
- Transaction Value: $2.16B
- Participants: Lone Star Funds, Holcim AG
Lone Star Funds announced that an affiliate of Lone Star Fund X, LP has signed a binding agreement to sell Xella Group—a leading European provider of sustainable walling solutions—to Holcim in a transaction valued at approximately €1.85 billion. The sale marks the culmination of Xella’s transformation under Lone Star’s ownership, during which the company sharpened its focus on walling solutions, enhanced digital and commercial capabilities, and advanced its sustainability initiatives; closing is expected in H2 2026, subject to regulatory approvals.
4. Foley Products - Strategic Acquisition
- Transaction Date: 10/16/2025
- Industry: Construction Materials
- Type: Merger & Acquisition
- Transaction Value: $1.84B
- Participants: Commercial Metals Company, Oaktree Capital Management, Foley Products, Moelis & Company Investment Banking, Akin Gump Strauss Hauer & Feld LLP
Commercial Metals Company (NYSE: CMC) announced a $1.84 billion all-cash agreement to acquire Foley Products Company, the largest regional supplier of precast concrete solutions in the U.S., strengthening CMC’s position as the #3 precast platform nationwide and a leader in the Mid-Atlantic and Southeast regions. The acquisition—immediately accretive to earnings and free cash flow—adds a high-margin, cash-generative business with strong synergy potential alongside CMC’s pending CP&P acquisition, transforming CMC’s financial profile and creating a powerful, scalable platform for growth in precast construction materials.
5. Specialty Products and Insulation - Strategic Acquisition
- Transaction Date: 10/8/2025
- Industry: Construction Materials
- Type: Merger & Acquisition
- Transaction Value: $1B
- Participants: Specialty Products and Insulation, TopBuild Corp, Guggenheim Securities Investment Banking, J.P. Morgan Securities LLC, Jones Day LLP, Piper Sandler & Co., Kirkland & Ellis LLP
TopBuild Corp. (NYSE: BLD) announced the $1 billion all-cash acquisition of Specialty Products and Insulation (SPI), a leading North American distributor and fabricator of mechanical insulation solutions across commercial, industrial, and residential markets. The deal—funded with cash on hand—adds approximately $700 million in revenue and $75 million in EBITDA, is immediately accretive to earnings, and is expected to deliver $35–$40 million in synergies within two years, strengthening TopBuild’s leadership in the insulation and specialty building materials sector.
6. Redwood Materials - Series E
- Transaction Date: 10/23/2025
- Industry: Materials
- Type: Growth Equity
- Transaction Value: $350M
- Participants: Eclipse Ventures, NVentures
Redwood Materials, the battery recycling and cathode production company founded by former Tesla CTO JB Straubel, raised $350 million in a Series E round led by Eclipse with participation from Nvidia’s NVentures, valuing the company at roughly $6 billion. The funding will accelerate the growth of Redwood Energy, its new energy-storage business repurposing retired EV batteries to power AI data centers and industrial sites, while expanding refining capacity, materials production, and hiring across engineering and operations.
7. Barrick Mining Corporation (Tongon Gold Mine) - Natural Resources
- Transaction Date: 10/16/2025
- Industry: Metals & Mining
- Type: Real Assets
- Transaction Value: $305M
- Participants: TD Securities Investment Banking, Atlantic Group, Barrick Mining Corporation, Treadstone Resource Partners, Lawson Lundell
Barrick Mining Corporation (NYSE: GOLD, TSX: ABX) announced an agreement to sell its Tongon gold mine and related exploration properties in Côte d’Ivoire to the Atlantic Group for up to $305 million. The deal includes $192 million in cash, plus up to $113 million in contingent payments tied to gold prices and resource conversions, marking a transition of Tongon to local Ivorian ownership while allowing Barrick to further strengthen its balance sheet and enhance shareholder returns.
8. Buffalo Biodiesel - Minority
- Transaction Date: 10/24/2025
- Industry: Chemicals
- Type: Growth Equity
- Transaction Value: $300M
- Participants: Verite Capital Partners
Buffalo Biodiesel Inc. (BBD) announced a $300 million capital and growth partnership with Verite Capital Partners (VCP) to expand its renewable energy and used-cooking-oil recycling operations from 15 to 25 states across the eastern U.S., stretching from Montreal to Miami. The funding will support the construction of two new renewable natural gas (RNG) plants in the Northeast and Mississippi, create over 600 new jobs, and solidify BBD’s position as a leading producer of sustainable fuels while advancing regional clean-energy infrastructure.
9. International Paper’s (Bag Converting Operations) - Asset Purchase
- Transaction Date: 10/17/2025
- Industry: Paper & Forest Products
- Type: Merger & Acquisition
- Transaction Value: $70M
- Participants: International Paper Company, ProAmpac, Pritzker Private Capital (PPC)
ProAmpac, a global leader in flexible packaging, announced the acquisition of International Paper’s bag converting operations, expanding its manufacturing footprint across California, Oregon, and Texas. The deal strengthens ProAmpac’s Fiberization of Packaging® strategy by enhancing its recyclable paper packaging capabilities and positioning the company as a leading provider of sustainable kraft bag solutions for the grocery, convenience store, and quick-service restaurant markets.
10. SAVSU Cleo Technologies - Strategic Acquisition
- Transaction Date: 10/7/2025
- Industry: Containers & Packaging
- Type: Merger & Acquisition
- Transaction Value: $25.2M
- Participants: Peli BioThermal, Biolife Solutions
BioLife Solutions, Inc. (Nasdaq: BLFS) announced the $25.5 million cash sale of its cold chain logistics subsidiary, SAVSU Cleo Technologies, LLC, to Peli BioThermal, a global leader in temperature-controlled logistics. The divestiture allows BioLife to streamline its operations and sharpen its focus on high-margin, recurring-revenue cell processing tools, while transferring SAVSU’s advanced evo cold chain technology to an established industry leader.
Transactions in Dakota Marketplace
At Dakota, we understand how important it is to stay current on deal activity as it happens. That’s why our editorial team continuously monitors the news for real-time updates on platform investments, add-ons, divestitures, and more to deliver daily highlights straight to your inbox through our transactions newsletter.
Inside Dakota Marketplace, the transactions tab provides structured, filterable data with deal dates, types, sectors, and financials, allowing you to build a customized feed that aligns with your focus areas.
Whether you're evaluating a new investment opportunity or tracking trends within a target sector, Dakota Marketplace helps you cut through the noise and focus on what matters most.
For more information on these transactions and a deeper dive into their industries and sub-industries, book a demo of Dakota Marketplace.
