Industrials M&A Transactions

BGL Healthcare & Life Sciences Insider — Provider Services M&A Activity Shows Signs of Warmth as the Market Recalibrates

Insider HLS Provider Services 2026 WEB COVER

While market recovery in Provider Services remains well below historical highs, signs of a thaw are emerging after a prolonged slowdown through 2025. The combination of site of service considerations, investor and provider incentive alignment strategies, AI adoption, and the increased prevalence of alternative payment methodologies is driving renewed investor interest in the sector, according to an industry report released by the Healthcare & Life Sciences investment banking team at Brown Gibbons Lang & Company (BGL).

BGL Managing Director Kyle Brown: “Q1 and Q3 pitch activity was strong, and throughout the year, many deals moved into work-up or towards market, including awarded mandates that were on hold as the majority recapitalization market appeared relatively dormant from 2023 through 2025. More than 100 sponsor-backed provider services assets are now over six years into their initial hold period. These are assets that needed to trade in 2023 through 2026.”

In the report, BGL examines the key trends renewing private equity and strategic appetite for the sector.

Key provider services industry trends in the report include:

Shift toward lower-cost sites of care is expanding patient access, creating growth opportunities, and attracting investors
Evolving provider and investor alignment as investors opt for more flexible equity arrangements and economic incentives
The use of technology driving efficiencies within provider businesses
Alternative payment methods are creating new revenue opportunities for providers

About BGL’s Healthcare Provider Services Team

BGL’s Healthcare Provider Services Group is one of the most experienced and respected financial advisory teams in the U.S. for physician practice M&A and related technical services, with a long track record of expertise in successfully advising private equity, physicians, and alternate site providers through strategic transactions like selling and buying provider businesses.

NASA MAX POWER 2026

NASA MAX POWER brings together students, families, aerospace and technology enthusiasts, industry partners, and NASA fans for air shows, technology showcases, and immersive experiences exploring the past, present, and future of flight and space exploration.

BGL Managing Director Meghan Welch will be attending the conference and available to discuss opportunities across the aerospace and defense sectors.

BGL’s Aerospace, Defense & Government Services (ADGS) investment banking team has decades of relevant experience and a network of long-standing relationships across a broad range of subsectors, including aerospace technology, aviation services & distribution, commercial aerospace, defense, proprietary components, MRO and distribution, space, and government technology & services.

Meghan Welch Appears on Schwab Network to Discuss Evolving Aerospace & Defense M&A Landscape As U.S. – Iran War Continues

BGL Managing Director Meghan Welch, who is a senior member of the firm’s Aerospace, Defense & Government Services investment banking team, recently joined Schwab Network to discuss the evolving landscape of aerospace & defense M& as the U.S.-Iran War continues.

In the segment, Meghan discusses how a continuation of defense spending, paired with the U.S.-Iran conflict, is accelerating momentum for defense-tied companies. She explains how the evolving military and aerospace landscape sets a bullish case for companies like Lockheed Martin (LMT), Northrop Grumman (NOC), and RTX Corp. (RTX) for years to come, while noting that bottlenecks are forming from a lack of labor.

BGL’s Aerospace, Defense & Government Services (ADGS) investment banking team has decades of relevant experience and a network of long-standing relationships across a broad range of subsectors, including aerospace technology, aviation services & distribution, defense, space, and government technology & services.

To watch the full interview, visit the Schwab Network website.

Meghan Welch quoted in, “Heavy metal: What Uncle Sam’s investment in Elmet means for niche Maine manufacturer,” Mainebiz

BGL Managing Director Meghan Welch, who is a senior member of the firm’s Aerospace, Defense & Government Services investment banking team, recently spoke with Mainebiz to discuss the impact of the federal government’s recent investment in Elmet Group Co, a niche manufacturer of precision engineered components.

In the article, Meghan shares how geopolitical conflicts have heightened the urgency of expanding domestic tungsten production. For Elmet, having the government as an investor brings challenges as well, including potential friction with the interests of private shareholders.

BGL’s Aerospace, Defense & Government Services (ADGS) investment banking team has decades of relevant experience and a network of long-standing relationships across a broad range of subsectors, including aerospace technology, aviation services & distribution, defense, space, and government technology & services.

Read the full article on the Mainebiz website (subscription required).

BGL Transportation Insider — Transportation & Logistics Enters Early Growth Cycle as Market Dynamics Evolve

After the longest freight downturn in modern trucking history, the transportation and logistics industry is reaching a long-awaited rebound. The combination of constrained capacity and expanding infrastructure-driven demand supports the recovery, according to an industry report released by the Transportation & Logistics Infrastructure investment banking team at Brown Gibbons Lang & Company (BGL).

BGL Managing Director Craig Decker: “2027 may be less about a traditional cyclical rebound and more about the beginning of a structurally tighter, infrastructure-led growth environment, which is creating opportunities for well-capitalized TSPs to benefit from improving rates, pursue strategic M&A, and position themselves for the next leg of industry expansion.”

BGL Director Enrico J. Certo: “The distinction [between previous recoveries] is important because it may mean this new growth cycle will prove more durable than previous cycles. Rather than relying on accelerating freight demand, T&L markets are benefiting from a materially smaller capacity base. As shipment growth gradually returns through manufacturing, reshoring, and infrastructure investment, carriers will benefit from both volume growth and a structurally tighter capacity environment.”

In the report, BGL examines the emerging opportunities for private equity and infrastructure investors in the maritime defense sector and the recent deal activity that illustrates a range of capital strategies.

Key transportation industry trends in the report include:

Data center construction and nearshoring are creating new freight flows and reshaping transportation corridors.
A shift in PE attention towards HALO logistics and Amazon entry into the LTL market, likely impacting technology investment and strategic M&A activity.
The regulatory shifts impacting capacity, raising compliance costs and creating an advantage for well-capitalized carriers with strong safety records.
Why specialized equipment, terminal networks, and technology-enabled services are becoming increasingly valuable in a changing competitive landscape.

About BGL’s Transportation & Logistics Infrastructure Team

BGL’s Transportation & Logistics Services and Infrastructure investment bankers have executed numerous transactions in maritime and offshore, trucking and logistics, transportation infrastructure, supply chain, and passenger transport. Our team specializes in advising on mergers and acquisitions in the logistics and transportation industry, balance sheet management and restructuring, management advice, board advisory, and private debt and capital raises.

Meghan Welch and Hubert de la Vauvre Featured on the Aerospace Executive Podcast, “ Aerospace M&A is the Wild West”

BGL Managing Director Meghan Welch, who is a senior member of the firm’s Aerospace, Defense & Government Services investment banking team, and Director Hubert de la Vauvre, of BGL’s Metals & Advanced Metals Manufacturing team, recently appeared on the Aerospace Executive podcast to discuss why precision manufacturing has become a key area of focus across the aerospace and defense supply chain

On the podcast, Meghan and Hubert discuss why precision manufacturing has become an increasingly attractive investment theme, from the sector’s critical role in supporting complex programs to the opportunities created by a fragmented market and sustained demand growth.

BGL’s Aerospace, Defense & Government Services (ADGS) investment banking team has decades of relevant experience and a network of long-standing relationships across a broad range of subsectors, including aerospace technology, aviation services & distribution, defense, space, and government technology & services.

BGL’s Metals & Advanced Metals Manufacturing investment banking team is active within major subsectors of the broader metals industry, including service centers, mills and foundries, manufacturing, and recycling.

For all of their insights, listen to the full episode on YouTube or the Aerospace Executive Podcast website.

PACK Expo 2026

Pack Expo 2026 is one of the most comprehensive packaging and processing events in North America.

BGL Managing Directors Cael Pulitzer, Peter Finn, and Justin Wolfort will be attending the show and available to discuss how developments across packaging, automation, and equipment are shaping M&A opportunities for business owners and investors.

BGL’s Packaging investment banking team brings decades of transaction experience and deep industry expertise across a wide range of substrates, formats, end markets, and business models.

BGL’s Engineered Equipment investment banking team has extensive experience working with companies that produce highly engineered equipment and machinery, sub-systems, and components used in a variety of end markets; this includes electronic and electrical equipment, precision-engineered tools and machine componentry, flow control, and finished production equipment.

BGL’s Industrial Technology investment banking professionals have extensive global transaction experience, valuable relationships, and knowledge across the industrial technology ecosystem, including automation, robotics, advanced manufacturing, and electronic components.

Meghan Welch quoted in, “Defense Tech Innovation Tests Private Equity’s Comfort Zone,” Middle Market Growth Magazine

BGL Managing Director Meghan Welch, of the firm’s Aerospace, Defense & Government Services investment banking team, recently shared her perspective on the growth in defense tech spending with the Association for Corporate Growth (ACG) for its annual Aerospace & Defense Report 2026.

In the article entitled, “Defense Tech Innovation Tests Private Equity’s Comfort Zone,” Meghan shares why private equity sponsors are jumping into the sector. She notes that corporate acquirers have also emerged as active buyers as a way to fast-track their own innovation and product development.

BGL’s Aerospace, Defense & Government Services (ADGS) investment banking team has decades of relevant experience and a network of long-standing relationships across a broad range of subsectors, including aerospace technology, aviation services & distribution, defense, space, and government technology & services.

To learn more about the defense M&A trends, read the complete article on page 5 of ACG’s Aerospace & Defense Report 2026.

Meghan Welch Appears on Market Matters Podcast with Marley Kayden to Discuss Aerospace & Defense M&A Activity

BGL Managing Director Meghan Welch, of the firm’s Aerospace, Defense & Government Services investment banking team, recently joined Schwab Network’s Market Matters Podcast with Marley Kayden to discuss the recent boom in aerospace & defense M&A.

In the interview, Meghan sat down with Marley Kayden to discuss the recent boom in M&A in both the commercial aerospace and defense industries and the impact recent geopolitical events have had on the supply chain.

BGL’s Aerospace, Defense & Government Services (ADGS) investment banking team has decades of relevant experience and a network of long-standing relationships across a broad range of subsectors, including aerospace technology, aviation services & distribution, defense, space, and government technology & services.

To watch the full interview, visit the Schwab Network website.

To read BGL’s latest maritime defense report, click here.

Andrew Petryk quoted in, “North American industrials record-breaking M&A fueled by aerospace and construction momentum,” Mergermarket

BGL Co-Chief Executive Officer Andrew Petryk, who leads the firm’s Building Products investment banking team, was recently quoted in an article by Mergermarket entitled, “North American industrials record-breaking M&A fueled by aerospace and construction momentum.”

In the article, Andrew discusses the trends supporting building products M&A activity, highlighting why the commercial side of the sector is seeing strong buyer and seller interest. Andrew also speaks to the residential side of the building products sector, noting that there are more near-term economic issues impacting the overall deal environment.

To read Andrew’s insights, read the complete article on the Mergermarket website (subscription required).