Deals of the day-Mergers and acquisitions

Admiral

05/01/2026 14:36

Adds:  Minto Apartment Real Estate Investment Trust , CRC Group, L3Harris Technologies, Howden, Admiral Group, Jacobs Solutions  Updates: Oakley Capital, BlueScope Steel

Jan 5 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1430 GMT on Monday:

** Canada's Minto Apartment Real Estate Investment Trust  said it had agreed to be acquired by an affiliate of Crestpoint Real Estate Investments and an affiliate of the Minto Group, in an all-cash deal valuing the REIT at about $2.3 billion, including debt.

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** CRC Group has struck a deal to acquire Euclid Transactional, one of the world’s largest underwriting platforms for M&A-related insurance, in a move that significantly expands the wholesaler’s footprint in the fast-growing transactional risk market.

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** L3Harris Technologies  said it will sell about a 60% stake in its space propulsion and power systems business to private equity firm AE Industrial Partners for $845 million, including debt.

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** Howden has further expanded its U.S. retail footprint with the acquisition of New York-based specialist transaction liability broker Atlantic Group, the group announced on January 5.

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** Admiral Group said on January 5 it had completed the sale of its U.S. motor insurance unit, Elephant Insurance Company and Elephant Insurance Services, to private equity firm JC Flowers, effective December 31, 2025.

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** Engineering services provider Jacobs Solutions  said it will acquire the remaining stake it does not already own in UK-based firm PA Consulting for 1.216 billion pounds ($1.64 billion).

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** Private equity firm Oakley Capital  will acquire a majority stake in debt administration services provider Global Loan Agency Services, alongside a minority investment from Canadian pension fund La Caisse, it said .

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** Australia's BlueScope Steel  said it received an A$13.15 billion ($8.78 billion) takeover proposal from an investor group comprising billionaire Kerry Stokes-owned SGH  and U.S.-based Steel Dynamics .

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** Independent insurance broker The Baldwin Group had completed the merger transaction with CAC Group, it announced on Friday.

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 (Compiled by Sahil Pandey and Rajarshi Roy in Bengaluru)

 ((Sahil.Pandey@thomsonreuters.com))