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Eleven acquisitions crossed the wire in a single week β and the biggest one was a $1.46 billion bet on pumps.
Xylem agreed to buy Cornell Pump and Roper Pump from industrial conglomerate Indicor for $1.46 billion, in a deal expected to close in the fourth quarter. The two brands add more than $260 million in combined revenue at 30%-plus EBITDA margins to Xylem's Water Infrastructure segment β a straightforward read on aging utilities and one-directional pump demand.
Also this week: Nuclea Energy is acquiring Moltex Energy's advanced nuclear portfolio, including the Waste to Stable Salt process, the Stable Salt Reactor-Wasteburner, the FLEX design and 80 granted patents, out of UK administration; Mazavida launched as a containerized-desalination joint venture between Kinetic7 Technologies, Aquarius Capital, PIF Energy and PIF Capital across Abu Dhabi and Houston; Doral Renewables raised $400 million in common equity from parent Doral Group for its 17 GW pipeline; Verdantas bought Pax Environmental, adding nearly 75 staff; Recurrent Energy closed $695 million for the 330 MW Cobalt Solar project and brought the 150 MW Carwarp Energy Park online early under a Microsoft power deal; Copenhagen Infrastructure Partners closed $510 million of debt on a 420 MWdc Mexican solar-plus-storage plant; Ranchbot raised a $15 million Series B and set up a U.S. holding company in Texas; Arevon energized a 300 MW/1,200 MWh battery project backed by $920 million; Jacobs won a $750 million pipeline overhaul on Utah's Strawberry High Line; Netafim launched GrowSphere FLEX for smallholders, who farm 84% of the world's total; BrightFarms landed Kroger and Costco shelves in Dallas and Atlanta; and USDA and DHS signed a memorandum pairing animal-health expertise with border security against New World screwworm.
The premium edition this week is Gene Editing Grew Up. The Genetics Land Grab Is On. β 33 database entries across crop genomics, science and seeds since mid-May, from Tropic's acquisition of Rahan Meristem to Corteva spinning out its seed-and-genetics arm as Vylor.
In this episode:
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Indoor farming's harshest lesson yet, dealmaking across three continents, and $263 million flowing into grid storage.
80 Acres Farms raised $390 million across six rounds and became one of the largest vertical farms in the United States. This week it began winding down, unable to line up fresh capital β a blunt reminder that indoor-growing economics remain brutal.
That's the lead story in the very first iGrow Digest: energy, water and agriculture in one quick listen. Also this week β Farmmi moves on Brazil's soybean and sugar trade with an all-stock bid for Four Seasons Holding Group; Aquatech extends into Middle East water treatment by acquiring Metito Chemical Solutions; Boralex clears its final approvals to go private at $37.25 a share; Frontier Power raises $263 million and picks up an 800 megawatt-hour battery project in Texas; and Γrsted switches on 500 megawatt-hours of storage in Needville, Texas.
Want the deeper numbers? This week's premium edition, Seed Capital, breaks down agriculture's inputs layer β seeds, genetics, biologicals and fertilizer β with a full year-over-year read on 6 M&A deals, 23 funding rounds, 33 partnerships and 17 product launches. Read the full edition.
In this episode:
(00:00) Cold Open
(00:25) The Scorecard
(01:15) The Big Deals
(02:21) Powering Down
(02:55) Follow the Money
(04:03) Around the Sectors
(06:28) Quick Hits
(07:19) Close
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Vertical Farming Podcast: https://vertical-farming-podcast.captivate.fm/listen
Greenhouse Success Stories: https://greenhouse-success-stories.captivate.fm/listen
AgTech Digest: https://agtech-digest.captivate.fm/listen
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