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Joele Frank represents LXP Industrial Trust as the logistics giant agrees to be acquired by Brookfield Asset Management and the Canada Pension Plan Investment Trust for $5.2B in cash.
LXP is one of largest owners of warehouses and logistics facilities in the US. Its 108 properties across the Sunbelt and Midwest contain about 53M sq. ft. of space.
The acquisition, according to LXP CEO Thomas Eglin, is the culmination of a strategic plan to transform the company into “pure-play industrial REIT, curate a best-in-class portfolio, and implement our development program.”
LXP shareholders will receive $61.20 for each of their shares. That is a 12.3 percent premium to LXP’s 30-day volume weighted average price. The transaction is expected to close during Q4.
Joele Frank, Wilkinson Brimmer Katcher partner Andrew Siegel and managing director Lucas Pers handle LXP.
Throughline Global Advisors represents Principal Mineral as it acquires Conductive Group, manufacturer of advanced materials for the aerospace, telecommunications and electronics sectors.
Trump Media & Technology Group posted a $238M Q2 loss on $1.7M in revenues. That performance compares to a $20M loss and $883K revenues in the 2025 comparable quarter.
The Brand Amp represents Archer Aviation as it acquires Boeing’s $200M flying-taxi operation in return for a 20 percent stake in the Silicon Valley startup.
Amsterdam’s CFF Communications handles Accell Group as Europe’s No 1 e-bike and No. 2 bicycle maker declares insolvency after failing to find a buyer.
Randy Sinclair, who rose to lead investor relations at Chevron during an 11-year run, will move to Northrop Grumman on Aug. 10 as VP-IR.
