Industrials

Phoenix ME provides mechanical and electrical engineering services to blue-chip clients across the UK and Europe.

H&MV Engineering is a global provider of specialist high-voltage electrical engineering services for data centers, battery energy storage systems, utilities and renewables.

The deal was announced on May 7 and includes PMV's Houston, Texas and Solna, Sweden facilities

The TMT sector saw the biggest drop in the number of deals relative to this time last year.

Just like the second quarter of 2025, dealmaking momentum fell in the face of macro turbulence.

'We view AI as a net positive and believe there is no way AI can reasonably displace the need for infrastructure itself,' said Sai Parepally, a principal at VSS.

'Many of Iberia's strongest companies have that family-owned heritage and a number are now approaching succession decisions or looking for external support to professionalize, scale and expand internationally,' IK Partners CEO Christopher Masek tells PE Hub.

The deal targets are being folded into a new TRP platform called Gulf Highway Materials