Top mergers and acquisitions in United States in February 2026
Every verified merger and acquisition involving United States in this period, ranked by disclosed value. Updated every morning.
We tracked 26 deals involving United States in February 2026, 20 of them with a disclosed value, worth $87.1bn in total. The largest was Devon Energy Corporation's $21.4bn deal for Coterra Energy Inc., ahead of Banco Santander, S.A. and Webster Financial Corporation at $12.3bn.
Top mergers and acquisitions in United States in February 2026
- 12 FebDevon Energy Corporation → Coterra Energy Inc.Devon and Coterra agree all-stock shale mergerEnergy / Oil and gas exploration and productionCompleted$21.4bn
- 23 FebBanco Santander, S.A. → Webster Financial CorporationSantander agrees US$12.3bn deal for Webster FinancialFinancials / BankingCompleted$12.3bn
- 317 FebDanaher Corporation → Masimo CorporationDanaher agrees US$9.9bn deal for MasimoHealthcare / Medical devicesCompleted$9.9bn
- 423 FebGilead Sciences, Inc. → Arcellx, Inc.Gilead agrees US$7.8bn deal for ArcellxHealthcare / BiotechCompleted$7.8bn
- 54 FebTexas Instruments Incorporated → Silicon Laboratories Inc.Texas Instruments agrees US$7.5bn deal for Silicon LabsTechnology / SemiconductorsIn review$7.5bn
- 626 FebThe Brink's Company → NCR Atleos CorporationBrink's agrees US$6.6bn deal for NCR AtleosFinancials / Payments infrastructureIn review$6.6bn
- 718 FebCovetrus, Inc. → MWI Animal Health (Cencora)Covetrus agrees US$3.5bn merger with Cencora's MWI Animal HealthHealthcare / Animal health distributionIn review$3.5bn
- 817 FebBlackstone (BXPE) → Champions GroupBlackstone agrees deal for home services group ChampionsConsumer / Home servicesAgreed$2.5bn
- 99 FebEli Lilly and Company → Orna Therapeutics, Inc.Lilly agrees up to US$2.4bn deal for Orna TherapeuticsHealthcare / BiotechCompleted$2.4bn
- 1011 FebQXO, Inc. → Kodiak Building PartnersQXO agrees US$2.25bn deal for Kodiak Building PartnersIndustrials / Building products distributionCompleted$2.3bn
- 1124 FebCECO Environmental Corp. → Thermon Group Holdings, Inc.CECO Environmental agrees US$2.2bn deal for ThermonIndustrials / Industrial process heatingCompleted$2.2bn
- 1217 FebPortland General Electric Company → PacifiCorp (Washington utility operations)Portland General agrees US$1.9bn deal for PacifiCorp's Washington utilityEnergy / Electric utilitiesIn review$1.9bn
- 134 FebKKR & Co. Inc. → Arctos PartnersKKR agrees $1.4bn deal for sports investor ArctosFinancials / Asset managementCompleted$1.4bn
- 142 FebBrookfield Asset Management → Peakstone Realty TrustBrookfield agrees $1.2bn take-private of Peakstone RealtyReal estate / Industrial REITCompleted$1.2bn
- 1523 FebKinderhook Industries → Enhabit, Inc.Kinderhook agrees $1.1bn take-private of EnhabitHealthcare / Home health and hospiceCompleted$1.1bn
- 1621 FebEnel S.p.A. (Enel Green Power North America) → Excelsior Energy Capital US wind and solar portfolio (830MW)Enel agrees US$1bn deal for Excelsior's US wind and solar plantsEnergy / Renewable powerIn review$1bn
- 172 FebDonaldson Company, Inc. → Facet Filtration (Filtration Group)Donaldson agrees US$820m deal for Facet FiltrationIndustrials / FiltrationCompleted$820m
- 185 FebKodiak Gas Services, Inc. → Distributed Power Solutions, LLCKodiak Gas agrees US$675m deal for Distributed Power SolutionsEnergy / Distributed power generationCompleted$675m
- 193 FebThe Marzetti Company → Bachan's, Inc.Marzetti agrees US$400m deal for Bachan'sConsumer / Packaged foodCompleted$400m
- 2011 FebPennyMac Financial Services, Inc. → Cenlar Capital Corporation (subservicing business)Pennymac agrees deal for Cenlar's subservicing businessFinancials / Mortgage servicingAgreed$258m
- 212 FebSpace Exploration Technologies Corp. (SpaceX) → X.AI Holdings Corp. (xAI)SpaceX buys xAI in record US$250bn share dealTechnology / Artificial intelligenceCompletedUndisclosed
- 223 FebLittlejohn & Co. → 80/20Littlejohn buys modular framing maker 80/20 from MPEIndustrials / Modular framing systemsCompletedUndisclosed
- 2312 FebSeismic Software, Inc. → Highspot, Inc.Seismic agrees to merge with sales enablement rival HighspotTechnology / Sales enablement softwareCompletedUndisclosed
- 2413 FebJohn Laing Group → American RoadsJohn Laing agrees to buy American Roads from CVC DIFTransport / Toll roadsAgreedUndisclosed
- 2518 FebBayPine → Relation Insurance ServicesBayPine agrees to buy insurance broker Relation from AquilineFinancials / Insurance brokerageCompletedUndisclosed
- 2623 FebExperian plc → AtDataExperian buys email intelligence firm AtDataTechnology / Data and identityCompletedUndisclosed