Merger & Acquisition News

NEW YORK--(BUSINESS WIRE)--KKR, a leading global investment firm, today announced that funds and accounts managed by its credit business have led the purchase of a $7.2 billion portfolio of super-prime recreational vehicle (RV) loans from BMO Bank National Association, part of BMO Financial Group (“BMO”). Concurrently with the sale, BMO purchased approximately $6.4 billion of senior notes collateralized by the sold loans. BMO will remain the servicer of the loans and will continue to originate...

MIAMI--(BUSINESS WIRE)--Visa (NYSE: V), a world leader in digital payments, announced today it has entered into a definitive agreement to acquire a majority interest in Prosa, a leading payments processor in Mexico, to accelerate the adoption of secure and innovative digital payments in the country. Under the agreement, Prosa will continue to operate as an independent company with its own technology infrastructure, while Visa looks to expand Prosa’s product offerings with new digital solutions,...

NEW YORK--(BUSINESS WIRE)--Getir, the pioneer of ultrafast grocery delivery, acquired FreshDirect, a US-based online grocery company, from Ahold Delhaize, one of the largest food retail groups in the US. This acquisition will create significant synergies between Getir and FreshDirect. Getir's technological power will improve FreshDirect's technological infrastructure, and FreshDirect customers will receive their orders much faster with Getir's agile approach. With FreshDirect's wide product por...

DELRAY BEACH, Fla.--(BUSINESS WIRE)--Anchor Peabody is pleased to announce that it has represented Encore Building Products (“Encore”), a leading distributor and retailer of lumber, flooring, and other building materials, in its sale to Builders FirstSource (NYSE: BLDR), the nation’s largest supplier of structural building products and value-added components and services to the professional residential construction market. Headquartered in Springdale, Arkansas, Encore serves professional contra...

COCKEYSVILLE, Md.--(BUSINESS WIRE)--TREND Health Partners (“TREND”), a rapidly growing provider of healthcare credit balance management and payment accuracy solutions, announced today that it has acquired Advent Health Partners, Inc. (“Advent”). This strategic combination solidifies TREND’s position as a leading AI-driven payment accuracy and revenue integrity platform for healthcare payers and providers. Founded in 2010, Advent’s cross-functional team of clinical experts, software developers a...

STAMFORD, Conn.--(BUSINESS WIRE)--Webster Bank, N.A. ("Webster") has signed a definitive agreement to acquire Ametros Financial Corp (“Ametros”)....

STAMFORD, Conn.--(BUSINESS WIRE)--Webster Financial Corporation (NYSE: WBS) today announced that its principal bank subsidiary Webster Bank, N.A. ("Webster") has signed a definitive agreement to acquire Ametros Financial Corp (“Ametros”), a custodian and administrator of medical funds from insurance claim settlements, from funds managed by Long Ridge Equity Partners (“Long Ridge”). Ametros, the nation’s largest professional administrator of medical insurance claim settlements, helps individuals...

PHILADELPHIA--(BUSINESS WIRE)--Mainfactor, an e-commerce company focused on the music and entertainment industry, announces its acquisition of the e-commerce assets of Gimme Radio...

WALNUT CREEK, Calif.--(BUSINESS WIRE)--Relation Insurance Services, (“Relation”) acquired the assets of Kane Insurance Agency (“Kane”). The transaction went into effect on December 1, 2023 and terms of the transaction were not disclosed. “We joined Relation knowing that this partnership would enable us to better serve our customers,” said Tom Kane, Principal of Kane Insurance. “Partnering with Relation will allow us to tap into great resources of specialized expertise and a broad network of car...

RANCHO CUCAMONGA, Calif. & DALLAS--(BUSINESS WIRE)--RMA Companies (“RMA”) today announced the acquisition of Rone Engineering (“Rone”), a leading geotechnical engineering, materials testing, and environmental services firm based in Dallas, Texas, to its expanding family of companies. RMA has now completed eleven acquisitions with leading firms throughout the U.S. as it builds a national platform for geotechnical engineering, environmental consulting, construction materials testing, inspection,...