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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 August alone, we added more than 2,000 new private company transactions, bringing the total to over 30,000+ searchable deals across sectors, industries, and transaction types in Dakota Private Markets
Inside Dakota Private Markets, 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’s team 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.
Martin Marietta has completed its combination with Lhoist North America, a leading producer of high calcium and dolomitic lime products, for approximately $13.5 billion — $7.0 billion in cash and $6.5 billion in Martin Marietta stock, valuing LNA at roughly 15x Adjusted EBITDA including run-rate synergies. The deal establishes Martin Marietta as the nation's leading producer of limestone and lime solutions, adding over 2 billion tons of high-quality reserves and expanding its footprint across Sun Belt corridors, with the Berghmans family retaining approximately 15% ownership of Martin Marietta and board representation. The transaction closed on August 21, 2026, with updated full-year 2026 guidance expected alongside third-quarter results.
Veralto has agreed to acquire Cleanwater1, a provider of on-site hypochlorite disinfection, solids management, and odor filtration technologies with an installed base of roughly 25,000 units, for $465 million ($452 million net of estimated tax benefits) — approximately 17x Cleanwater1's LTM adjusted EBITDA. The deal expands Veralto's Water Quality segment into adjacent, faster-growing treatment applications, with expected commercial synergies through Trojan Technologies' customer relationships, and is expected to be neutral to modestly accretive to adjusted EPS in 2027. The transaction is expected to close in the fourth quarter of 2026, subject to customary closing conditions.
This $310 million Series B (bringing total capital raised to ~$400 million) is roughly in line with, if slightly above, the typical range for industrials/hardware at this stage, and given the company's stated goal of 10 commercial-scale projects in 10 years alongside active buildout of Copper One and Lithium One, runway likely falls within or slightly beyond the typical 24–30 month window—primary burn drivers being capital project execution and commissioning across multiple sites. Next raise is likely tied to production milestones, such as Copper One reaching its 50,000 metric ton target or Lithium One's first-half 2027 commercial production start.
Energy Fuels has completed its acquisition of Australian Strategic Materials (ASM), a rare earth metals and alloys producer, via a scheme of arrangement valued at approximately A$447 million (US$299 million) — ASM shareholders received 0.053 Energy Fuels shares plus up to A$0.13 cash per share. The deal adds ASM's Korean Metals Plant (being expanded to 3,600 tonnes/year of NdFeB alloy capacity) and the Dubbo rare earth project, advancing Energy Fuels' integrated "mine-to-magnet" rare earth strategy. Former ASM shareholders now own about 5.8% of Energy Fuels, and ASM has been delisted from the ASX.
ARRAY Technologies has completed its acquisition of Affordable Wire Management (AWM), a wire management and balance-of-system solutions provider for solar and energy storage, for total potential consideration of up to $203 million — $153 million base plus up to $50 million in earnouts tied to 2026–2028 performance — roughly 8.8x AWM's trailing EBITDA. The deal expands ARRAY's portfolio into new growth areas including battery storage and datacenter applications, and is expected to be high single digit accretive to Adjusted EPS in year one. The transaction has already closed.
Want to track material deal activity like this as it happens? Explore the full transactions tab in Dakota Private Markets for real-time, filterable data on every deal in this sector.
Hydnum Steel has secured a €150 million investment commitment from COFIDES's Co-investment Fund (FOCO) to help fund construction of its clean steel plant in Puertollano, Spain — the Iberian Peninsula's first, using electric arc furnaces powered by green hydrogen and renewables to cut emissions up to 98% versus traditional blast furnace methods. The commitment is part of a broader €1.5+ billion financing plan (~€600 million equity, ~€1 billion debt), with construction expected to begin by the end of 2026 and the project already backed by agreements covering 100% of first-phase production capacity for its initial five years. No closing timeline was specified for the COFIDES commitment itself, though the project has cleared key regulatory milestones including grid access approval and public consultation.
The UK's National Wealth Fund has committed up to £71 million to Tungsten West to restart the Hemerdon tungsten and tin mine near Plymouth — £36 million in equity plus up to £35 million in lending — funding construction, commissioning, and processing costs, with full-scale production targeted for Q1 2027. The investment also opens an exclusive negotiation period giving the UK Government the right to procure up to 50% of the mine's tungsten output, securing domestic supply for defence, aerospace, and energy applications, and is expected to support around 350 direct jobs once operational. No further closing conditions were specified, as the National Wealth Fund's investment appears to have been finalized as announced.
This $18 million raise (from Constellation Technology Ventures, Azimut Investments, and existing investors) is on the smaller side for industrials/hardware, so runway likely falls at or below the typical 24–30 month window—plausibly closer to 18–24 months given the capital intensity of scaling carbon capture deployment. Next raise is more likely tied to milestones from the large-scale carbon capture projects already underway (successful commercial deployment or a new project win) than a fixed timeline, and the round size may also reflect it being structured as an extension or bridge rather than a full new round—worth flagging that ambiguity if you're using this for a formal write-up.
This $12 million Series A+ (following a $6.6 million round earlier this year, ~$18.6 million total raised) is roughly typical in size for consumer discretionary at this stage, though given the sector's faster-burning nature (driven by CAC, inventory, and quick-commerce fulfillment logistics), runway likely falls on the shorter end—plausibly 12–18 months given the two rounds within the same year suggest a rapid burn cadence. Next raise is likely tied to market expansion milestones and continued order-volume growth (building on the reported 8X YoY growth) rather than a fixed timeline.
This $5.4 million pre-seed round is fairly typical in size for industrials/hardware at this early stage, though given the capital-intensive, deep-tech nature of the work (commercial demonstration of a novel mineral conversion process), runway likely falls at or below the typical 24–30 month window—plausibly 18–24 months given pre-seed capital constraints. Next raise is more likely tied to the 1,000-ton commercial demonstration milestone than a fixed timeline, with a Series A likely contingent on proving out the process at that scale and securing cement kiln partnerships.
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 Private Markets, 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 helps you cut through the noise and focus on what matters most.
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