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 May alone, we added more than 1,400 new private company transactions, bringing the total to over 24,000 searchable deals across sectors, industries, and transaction types in Dakota Marketplace.
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 material transactions.
- Transaction Date: 5/13/2026
- Industry: Metals & Mining
- Type: Acquisition/Merger
- Transaction Value: $5.1B
Equinox Gold and Orla Mining have agreed to combine in an at-market all-share transaction valued at approximately $5.1 billion, with Orla shareholders receiving one Equinox share per Orla share, creating a new North American senior gold producer with an $18.5 billion implied market capitalization and expected 2026 production of 1.1 million ounces anchored by three long-life Canadian gold mines. The combined company has a clear path to more than 1.9 million ounces of annual production from an internally funded North American growth pipeline, with approximately $1.4 billion in expected 2026 free cash flow and 22.7 million ounces of proven and probable mineral reserves.
- Transaction Date: 5/18/2026
- Industry: Metals & Mining
- Type: Acquisition/Merger
- Transaction Value: $3.875B
Anglo American has agreed to sell its portfolio of Australian steelmaking coal mines to privately held UK mining company Dhilmar for up to $3.875 billion in cash, comprising $2.3 billion upfront and a price-linked earnout of up to $1.575 billion, with proceeds earmarked for debt reduction. The deal completes Anglo American's exit from steelmaking coal — delivering aggregate proceeds of up to $4.9 billion including the prior sale of its Jellinbah mine interest — as part of its broader portfolio simplification strategy ahead of completing its merger with Teck.
- Transaction Date: 5/7/2026
- Industry: Chemicals
- Type: Acquisition/Merger
- Transaction Value: $252M
FMC Corporation has agreed to sell its India crop protection commercial business, FMC India Private Limited, to Crystal Crop Protection Limited for $252 million, with proceeds earmarked for debt reduction as part of FMC's strategy to redeploy resources toward its highest-growth global opportunities. The deal gives Crystal Crop Protection FMC India's commercial operations, brand licenses, and a preferred supply agreement for FMC active ingredients, while FMC retains its global R&D activities and manufacturing operations in India.
- Transaction Date: 5/1/2026
- Industry: Chemicals
- Type: Acquisition/Merger
- Transaction Value: $190M
Ecovyst has agreed to acquire Calabrian, INEOS Enterprises' sulfur dioxide and sulfur derivatives business, for $190 million — representing approximately 8x trailing twelve-month adjusted EBITDA of $23.7 million — adding a leading North American producer of sulfur dioxide, sodium bisulfite, sodium thiosulfate, and sodium metabisulfite with facilities in Port Neches, Texas and Timmins, Ontario. The deal expands Ecovyst's sulfur chemistry portfolio into complementary product groups serving mining, water treatment, and specialty chemical end markets, with synergy-driven multiple step-down expected below 7x within three years of closing.
- Transaction Date: 5/19/2026
- Industry: Metals & Mining
- Type: Acquisition/Merger
- Transaction Value: $147M
Kimbell Royalty Partners has agreed to acquire mineral and royalty interests from Mesa Royalties, a portfolio of NGP-managed funds, for approximately $147 million — comprising $44 million in cash and approximately 6.9 million newly issued OpCo units valued at $103 million — adding approximately 711 net royalty acres across the Permian Basin with over 2,300 producing wells, 600+ undeveloped locations, and estimated near-term production of approximately 1,390 Boe/d. The deal is expected to be immediately accretive to distributable cash flow per unit and further solidifies Kimbell's position as a leading royalty consolidator with over 17 million gross acres and approximately 18% of total active land rigs in the continental U.S. drilling on its properties.
- Transaction Date: 5/6/2026
- Industry: Containers & Packaging
- Type: Buyout/Private Equity
- Transaction Value: $138M
Snow Peak Capital has sold a majority interest in Dalco-GFT Nonwovens, a leading North Carolina-based manufacturer of needle-punched nonwoven specialty fabrics for automotive, furniture, geotextile, and industrial markets, to Arvind Advanced Materials Limited, a wholly owned subsidiary of India-based Arvind Limited, with Snow Peak and CEO Joey Duncan retaining a minority stake. The transaction marks AAML's entry into the U.S. technical textile market and pairs Dalco-GFT's differentiated manufacturing capabilities with Arvind's global scale and century-long textile heritage to support the company's next phase of growth.
- Transaction Date: 5/8/2026
- Industry: Metals & Mining
- Type: Acquisition/Merger
- Transaction Value: $101M
Tenaris has agreed to acquire Artrom Steel Tubes S.A., a Romanian manufacturer of steel and seamless steel pipes, from GLGH Steel for €86 million, adding annual steelmaking capacity of approximately 450,000 metric tons and seamless pipe rolling capacity of up to 200,000 metric tons across facilities in Reșița and Slatina. The deal expands Tenaris's industrial pipe product range and European manufacturing footprint, strengthening its ability to serve customers in the European industrial segment with closing expected in the fourth quarter of 2026.
- Transaction Date: 5/3/2026
- Industry: Chemicals
- Type: Buyout/Private Equity
- Transaction Value: $100M
Turpaz Industries has acquired Phoenix Flavors & Fragrances, a U.S.-based developer and manufacturer of fragrance and flavor extracts, from SK Capital Partners for $95 million plus up to $5 million in contingent consideration, establishing a full-scale U.S. operational platform by combining Phoenix's Norwood, New Jersey and South Bend, Indiana facilities with Turpaz's existing Klabin operations. The deal adds Phoenix's $36.8 million in 2025 revenues and broad customer base across air care, personal care, home fragrance, and food and beverage markets, with approximately $2 million in near-term synergies expected from consolidated production and expanded cross-selling opportunities.
- Transaction Date: 5/20/2026
- Industry: Metals & Mining
- Type: Growth Equity
- Transaction Value: $75M
Boston Metal, a technology company developing Molten Oxide Electrolysis (MOE) for critical metals production, has raised $75 million — bringing total funding to over $500 million — with Tata Steel joining existing investors to accelerate commercial-scale deployments of its platform for metals including niobium, tantalum, vanadium, and nickel. The capital will fund expansion of Boston Metal's critical metals business by leveraging MOE's ability to recover high-value metals from low-grade materials and waste streams, addressing surging demand for critical metals essential to electrification, advanced manufacturing, AI, and defense amid constrained global supply chains.
- Transaction Date: 5/4/2026
- Industry: Metals & Mining
- Type: Acquisition/Merger
- Transaction Value: $69M
Avenir Minerals, a subsidiary of Agnico Eagle Mines established to evaluate critical and strategic mineral projects in Canada, has agreed to acquire Fox River Resources for C$1.10 per share in an all-cash transaction valued at approximately C$94.3 million — a 20% premium to Fox River's 30-day VWAP. The deal gives Avenir its first platform-level critical minerals asset in Fox River's 100%-owned Martison Phosphate Project near Hearst, Ontario, a large-scale high-grade igneous phosphate deposit with potential to supply domestic phosphate fertilizers and purified phosphoric acid for the LFP battery industry.
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.
