Logistics startup Stord is acquiring the e-commerce fulfillment services operations of Pitney Bowes, which confirmed the sale of this small business segment amid ongoing strategic review, causing a 12% rise in Pitney Bowes' after-hours trading.

ESCO Technologies (NYSE:ESE) agreed to acquire Ultra Maritime's Signature Management & Power business for $550M, funded through cash and debt, with the new acquisition expected to generate $175M in revenue in 2024 as part of its aerospace and defense segment.

SM Energy (NYSE:SM) is reportedly in advanced talks to acquire Utah oil and gas producer XCL Resources for ~$3B, potentially expanding its operations into the Uinta Basin.

Shift4 has acquired a majority stake in Vectron, adding 65,000 European POS locations, and completed its acquisition of Revel Systems.