Merger & Acquisition News

NEW YORK--(BUSINESS WIRE)--Graycliff Partners is pleased to announce the acquisition of XCEL NDT (“XCEL”), a provider of non-destructive testing services for critical infrastructure assets in the petrochemical, pipeline and general industrial industries. XCEL’s testing and inspection services evaluate the integrity of critical infrastructure using non-invasive methods with little or no production downtime. Operating out of 17 facilities across the U.S., the company’s expansive team of experienc...

AUSTIN, Texas--(BUSINESS WIRE)--Today, the UK subsidiary of SailPoint Technologies, Inc., a leader in enterprise identity security, completed its acquisition of Osirium, a UK-based security company dedicated to solving complex access needs. This acquisition will feed into the company’s vision to unify visibility, oversight, and protection across all types of access, both regular and highly sensitive, into one solution. “Enterprises don't have time to sort through access rights across disparate...

BELOIT, Wis.--(BUSINESS WIRE)--Fairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management (Arcline), has acquired American Fan, a leader in axial and centrifugal fan technology. Located in Fairfield, Ohio, American Fan’s breakthroughs in aerodynamics, acoustics, vibration control, and motor performance over the past 50 years position the company as a trusted maritime defense supplier and an essential addition for FMD to provide the OEM parts and turnkey service solution...

ROCHESTER, Minn.--(BUSINESS WIRE)--Outdoor Living Supply (“OLS”), a distribution platform for outdoor living products with a focus on hardscapes, announced today that it has acquired Apache Stone, a wholly owned subsidiary of Halquist Stone Company. Apache Stone is a full-service distributor of masonry, hardscape and landscape supplies. This acquisition expands OLS’ footprint in the Southwest, adding three strategic locations in Nevada and Arizona. Throughout its 43-year history, Apache Stone h...

QUÉBEC CITY--(BUSINESS WIRE)--H2O Innovation announces that the Superior Court of Québec issued on October 27, 2023 an interim order in connection with the acquisition by Ember....

NEW YORK--(BUSINESS WIRE)--Authentic Restaurant Brands (“ARB”), a portfolio company of Garnett Station Partners, LLC (“Garnett Station” or “GSP”), a New York-based principal investment firm, today announced the completion of its previously announced acquisition of Fiesta Restaurant Group, Inc. ("Fiesta" or the "Company") (NASDAQ: FRGI), parent company of the Pollo Tropical® restaurant brand. “Our distinct vision for Pollo Tropical is to amplify the fundamental aspects of the brand that customer...

SAN JOSE, Calif.--(BUSINESS WIRE)--Lumentum Holdings Inc. (NASDAQ: LITE) (“Lumentum”) and Cloud Light Technology Limited (“Cloud Light”) today announced that they have entered into a definitive agreement under which Lumentum will acquire Cloud Light with a transaction value of approximately $750 million, subject to certain adjustments. At the time of closing, transaction consideration will be paid in cash and the assumption and substitution of outstanding unvested Cloud Light options. The trans...

DENVER & MILWAUKEE--(BUSINESS WIRE)--Healthpeak Properties, Inc. (NYSE: PEAK) (“Healthpeak” or “PEAK”) and Physicians Realty Trust (NYSE: DOC) (“Physicians Realty Trust” or “DOC”) today announced they have entered into a definitive agreement to combine in an all-stock merger of equals valued at approximately $21 billion. Under the terms of the agreement, each Physicians Realty Trust common share will be converted into 0.674 of a newly issued Healthpeak common share. The combined company will be...

DENVER & MILWAUKEE--(BUSINESS WIRE)--Healthpeak Properties, Inc. (NYSE: PEAK) (“Healthpeak” or “PEAK”) and Physicians Realty Trust (NYSE: DOC) (“Physicians Realty Trust” or “DOC”) today announced they have entered into a definitive agreement to combine in an all-stock merger of equals valued at approximately $21 billion. Under the terms of the agreement, each Physicians Realty Trust common share will be converted into 0.674 of a newly issued Healthpeak common share. The combined company will be...

IRVING, Texas--(BUSINESS WIRE)--Vizient announces it has acquired PrefTech OR's next-generation, cloud-based preference card management software for healthcare providers....