Merger & Acquisition News

HOUSTON--(BUSINESS WIRE)--SilverBow Resources, Inc. (NYSE: SBOW) (“SilverBow” or “the Company”) announced today the closing of its acquisition of Chesapeake Energy Corporation’s (“Chesapeake”) oil and gas assets in South Texas for a purchase price of $700 million, comprised of a $650 million upfront cash payment paid at closing and an additional $50 million deferred cash payment due 12 months post close, subject to customary adjustments (the “Chesapeake Transaction”). Consideration for the purc...

WINCHESTER, Va.--(BUSINESS WIRE)--American Woodmark Corporation (NASDAQ: AMWD) (the "Company") today announced results for its second fiscal quarter ended October 31, 2023. “Our teams delivered strong financial performance in the second quarter of fiscal year 2024 despite the slowing demand environment,” said Scott Culbreth, President and CEO. “Consistent with the first quarter of fiscal year 2024 performance, net sales and Adjusted EBITDA exceeded our expectations as improved operational perfo...

VENICE, Fla.--(BUSINESS WIRE)--Eye Health America (EHA) Expands Presence with 23rd Partnership Since 2018...

NASHVILLE, Tenn.--(BUSINESS WIRE)--Integrative Life Network, LLC (ILN) and Integrative Health Centers, Inc. (IHC) announced today that they have merged to create a new, unified mental and behavioral healthcare company called Peregrine Health, Inc. (Peregrine). ILN is a network of residential, partial-hospitalization, and intensive outpatient programs in four states providing high-acuity treatment options for a range of mental and behavioral health disorders. IHC is a nationwide telemedicine pla...

FREMONT, Calif.--(BUSINESS WIRE)--TOYO Corporation (TOYO), a leading provider of advanced measurement solutions and Rototest® International AB (Rototest), a global innovator in the development of hub-coupled powertrain dynamometers, today announced that TOYO has acquired Rototest on November 30, 2023, Japan time. Henceforth, Rototest, headquartered in Rönninge, Sweden, will operate as a subsidiary of TOYO. An automotive powertrain dynamometer is a testing apparatus used to measure and record me...

TORONTO--(BUSINESS WIRE)--Primaris Real Estate Investment Trust (“Primaris” or the “Trust”) (TSX: PMZ.UN) announced today the closing of the transaction originally announced on November 20, 2023, for the purchase of Halifax Shopping Centre and the Annex in Halifax, Nova Scotia. The transaction, which was subject to customary closing conditions, all of which have been fulfilled, was for aggregate consideration of $370.0 million, satisfied by a combination of cash and equity, as described in the...

NEW YORK & SANTA MONICA, Calif.--(BUSINESS WIRE)--Private investment firm Ariel Alternatives, LLC (“Ariel Alternatives”) and My Code (“the Company”), a leading multicultural media and marketing services company, today announced the completion of a strategic transaction. Ariel Alternatives’ Project Black (“the Fund”) has acquired a 58.5 percent stake in the Company from existing shareholders Falfurrias Capital Partners, My Code management and employees, and other investors, at an enterprise valu...

NEW YORK--(BUSINESS WIRE)--BroadRiver Asset Management, L.P. (“BroadRiver”) announced today that it has completed the acquisition of the US & Bermuda businesses (“Lombard US/BDA”) of Lombard International Group. Andrew Plevin, Co-Founder and Co-CEO of BroadRiver, said: “This transaction is an outstanding opportunity for BroadRiver and its investors and an additional step in BroadRiver’s strategic expansion into the insurance sector. We look forward to supporting the sustained development of...

CAMDEN, N.J.--(BUSINESS WIRE)--New Jersey American Water announced today it has signed an agreement to acquire the water and sewer system of the City of Salem, N.J. for $18 million. This municipally owned system serves more than 2,300 customers. The agreement follows a voter referendum that took place on November 7, 2023, which passed with over 60 percent of the voters approving the sale of the system to New Jersey American Water. “I want to thank the elected officials, community leaders and re...

NEW YORK & BARCELONA, Spain--(BUSINESS WIRE)--Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, today announced that it has completed the acquisition of a 49% interest in Cellnex Sweden and Cellnex Denmark (“Cellnex Nordics”), the Swedish and Danish operations of Cellnex Telecom (“Cellnex”), Europe’s largest independent operator of wireless telecommunications infrastructure for a total value of c. EUR 730 million, of which EUR 558 million is recogn...