Deal Dispatch: Jasper Therapeutics For Sale, RobinHood Com...

New On The Block

Jasper Therapeutics (NASDAQ:JSPR), a clinical-stage biotechnology company, is reviewing strategic alternatives, including a sale or merger, to maximize shareholder value. The company intends to evaluate cost-saving measures to preserve cash and maintain compliance with regulatory and financial reporting requirements.

Dot AI (NASDAQ:DAIC) is exploring a potential sale. The IoT and AI-based SaaS company hired Cohen & Company Capital Markets, a division of J.V.B. Financial Group, as its exclusive financial advisor to evaluate its options. No timeline has been set for completion of the process.

America's Car-Mart Inc. (NASDAQ:CRMT) has established a committee and retained Houlihan Lokey to oversee the company's M&A options. The used-vehicle company could also consider financing, recapitalization or other transactions.

Private equity firm New Mountain Capital has purchased residential property management firm Asset Living from Roark Capital in a transaction valued at more than $2 billion, Reuters reported. Asset Living's CEO Ryan McGrath will remain involved in the business.

Energy Impact Partners LP has announced that Guardian Infrastructure Services, its utility-focused infrastructure services platform, has acquired E2 Consulting Engineers, a provider of engineering and technical consulting services to electric and gas utilities across North America.

Salesforce (NYSE:CRM) has acquired digital experience platform Contentful for an undisclosed amount. "Joining forces with Salesforce accelerates our mission of enabling modern enterprises to dynamically assemble and deliver rich digital experiences across every channel," said Karthik Rau, CEO of Contentful. The transaction is expected to close in the third quarter of Salesforce's fiscal year 2027, subject to closing conditions and regulatory approval.

Decks & Docks Company, a specialty distributor of composite decking and outdoor living building products, has acquired J&W Lumber, a provider of outdoor building materials to customers throughout Southern California. J&W owner Clyde Jennings will continue leading the company and will retain the same brand name following the acquisition. Terms of the deal were not disclosed.

Wellington Management has bought The Hartford Funds, a provider of investment solutions for the wealth management market in a deal valued at approximately $1.9 billion. Under the agreement, The Hartford will receive $300 million in cash at closing and additional payments based on the available after-tax cash generated by the combination of Hartford Funds' business and Wellington's business supporting Hartford Funds. The deal is expected to close in the first quarter of 2027, subject to regulatory and fund approvals.

Thoma Bravo has entered into a definitive agreement to acquire WWEX Group, a third-party logistics provider of parcel and freight services with brands including Worldwide Express, GlobalTranz, Unishippers, JEAR Logistics and BLX Logistics. Following the close of the acquisition, Thoma Bravo will combine WWEX Group with its existing portfolio company Auctane. The transaction is expected to close in the second quarter of 2026.

Arxis, Inc. (NASDAQ: ARXS), an industrial compounder formed in partnership with Arcline Investment Management, has agreed to acquire Omnetics Connector Corporation, a designer and manufacturer of connectors and interconnect assemblies used in critical defense and space, commercial aerospace, and medical applications. The transaction is expected to close in the third quarter of 2026, subject to customary regulatory approvals. Investment firm Brand Velocity Group has acquired RCX Sports, a youth sports platform, from Raine Partners. Beyond capital investment, BVG will support RCX in "furthering strategic and commercial partnerships, athlete and professional league connectivity, and robust operational resources." RCX will continue to operate under its existing brand, with founder and CEO Izell Reese and the current management team remaining in place.

Robinhood Markets has completed its $180 million acquisition of Canadian-based digital asset services firm WonderFi. WonderFi operates two of Canada's longest-standing regulated crypto platforms, Bitbuy and Coinsquare, which will become part of the Robinhood brand. The deal was first announced in May 2025, but the deadline was extended to give Robinhood time to implement proprietary technology in Canada.

Louisville, Kentucky-based coffee and cookie company Please & Thank You filed for Chapter 11 bankruptcy, citing rising supply and labor costs as well as issues with the company's accounting firm as the reasons behind the filing.

Long John Silver’s restaurant franchisee Uplifted Foods LLC filed for Chapter 7 bankruptcy liquidation. The company noted its assets were $100,000 with liabilities between $100,000 and $1 million. The company owed more than $157,000 to its creditors, including $111,000 to the owners of the Mall of America, the Business Journal reported.

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