M&A news today: Planet 13 proxy, Select Water, Rapak sale

Key takeaways

• Planet 13 Holdings filed a definitive merger proxy (DEFM14A) with the SEC on November 2, a step that normally precedes a shareholder vote.
• Select Water Solutions (NYSE: WTTR) said it has closed its previously announced purchase of Pilot Water Solutions LLC, a private water midstream company.
• TriMas (NASDAQ: TRS) has sold its Rapak, LLC subsidiary to Germany’s Ringmetall SE, with Woodward Park Partners advising TriMas.
• Two of the three items are completed or documented transactions; the Planet 13 filing is the one to watch for what comes next.

M&A news today: the three deals at a glance

Company	Event	Date reported
Planet 13 Holdings Inc.	Definitive merger proxy (DEFM14A) filed	Nov. 2, 2026
Select Water Solutions	Closed acquisition of Pilot Water Solutions LLC	Nov. 2, 2026
TriMas / Rapak, LLC	Rapak acquired by Ringmetall SE	Nov. 2, 2026

Planet 13 files its definitive merger proxy

Planet 13 Holdings Inc. filed a DEFM14A with the Securities and Exchange Commission on Monday afternoon Eastern time. The document is large, about 9 MB according to the EDGAR index entry.

A DEFM14A is the final version of the proxy statement a company sends to shareholders when they are asked to vote on a merger. Filing it in definitive form generally means the SEC review stage is over and the materials are ready to go out to holders of record. It is typically the document that spells out the terms, the board’s reasoning, any fairness opinions and the conditions that must be met before a deal closes.

The filing’s size suggests a full set of transaction disclosures. Shareholders and market watchers will want to look at the consideration offered, the date of the shareholder meeting, required approvals and any termination provisions. Those details are in the filing itself and should be read there rather than inferred from its existence.

Select Water closes the Pilot Water purchase

Select Water Solutions, based in Gainesville, Texas, announced that it has completed its previously announced acquisition of Pilot Water Solutions LLC. The company describes Pilot Water as a leading private water midstream business.

A closing is the point where the deal stops being a pending announcement and becomes an operating integration task. For Select, attention now shifts from regulatory and closing conditions to combining assets, customers and staff. For investors in WTTR, the next disclosures that matter are likely to be how the company describes the contribution of the acquired business in its upcoming reporting and any financing or integration details it chooses to provide.

Water midstream businesses handle the movement and management of water, a service that sits alongside oilfield activity. Consolidation in that niche gives buyers scale, and a completed deal like this one is a useful marker of continued appetite for such assets.

TriMas sells Rapak to Ringmetall

TriMas Corporation has sold Rapak, LLC to Ringmetall SE, a company identified by the ISIN DE000A3E5E55. Rapak is headquartered in Woodridge, Illinois, and was a subsidiary of TriMas before the transaction.

Woodward Park Partners, an advisory firm based in Bloomfield Hills, Michigan, announced that it advised TriMas on the sale. Advisory announcements of this kind are a standard way for boutique banks to publicize completed mandates, and they confirm the seller’s side of the deal.

For TriMas, the sale is a disposal of a subsidiary, a portfolio move that changes the shape of the company it reports. For Ringmetall, it is a cross-border acquisition that adds a U.S.-headquartered business. Financial terms were not part of the announcement and are not reported here.

What to watch next

• Planet 13: the date of the shareholder meeting, the vote requirements and any further supplemental filings.
• Select Water: how management discusses Pilot Water’s contribution and integration in its next earnings update.
• TriMas and Ringmetall: whether either company discloses financial terms or the effect on its reported segments.

These are routine follow-ups, but they are where the substance of each deal will emerge.