Merger & Acquisition News

TAMPA, Fla.--(BUSINESS WIRE)--Armada Materials, LLC (“Armada” or the “Company”) has been formed to build a leading infrastructure materials and services business through strategic acquisitions. The Company was founded by Rob Duke, who will serve as CEO of Armada, along with a group of investors including several industry veterans, and Kelso & Company, L.P. (“Kelso”), a middle-market buyout private equity firm founded in 1980 on the principles of partnership and alignment of interests. Rob b...

SACRAMENTO, Calif.--(BUSINESS WIRE)--Inszone Insurance Services, a rapidly growing national provider of commercial, personal, and benefits insurance, announced today the acquisition of Willow Glen Insurance Agency in the Campbell area. Established in 1984 by Jerry Ross, Willow Glen Insurance Agency has been a cornerstone in the insurance sector for close to four decades. After honorably serving in the Navy, Jerry Ross transitioned into the finance industry. His unwavering dedication led him to...

BEACHWOOD, Ohio--(BUSINESS WIRE)--Tremco CPG Inc. announces the acquisition of the wall system fabrication segment of NOW Specialties, LLC....

NEWNAN, Ga.--(BUSINESS WIRE)--On September 21, 2023, Foley Products Company, LLC (“Foley”) and Pre-Con Products (“Pre-Con”) reached an agreement to assign all the StormPrism Patents and Trademarks to Foley in the United States and Canada. Pre-Con will continue using and selling StormPrism products in California. The parties will continue to cooperate on product development and marketing of the products. StormPrism is an innovative underground stormwater storage system. It provides a way to stor...

SOUTHFIELD, Mich.--(BUSINESS WIRE)--Atwell has acquired the operations of Summit Engineering Group, a civil engineering and land surveying firm headquartered in Heber City, Utah. This is Atwell’s first permanent office in Utah, adding to the company’s recent expansion in the western United States. Terms of the transaction were not disclosed. Founded in 2001 by Brian Balls and Michael Johnston, Summit offers a wide variety of professional and technical services throughout Utah. Their employees h...

MOKENA, Ill.--(BUSINESS WIRE)--Vehicle Management Solutions LLC (“VMS”), a portfolio company of Mill Point Capital LLC (“Mill Point”), announced the acquisition of TEGSCO LLC (“TEGSCO” or the “Company”), a full-service auto pound management provider, primarily operating in San Francisco, CA and Indianapolis, IN. This strategic partnership marks a significant step forward in VMS's growth strategy and further solidifies its position as the preeminent player in vehicle storage management services....

CENTERVILLE, Va.--(BUSINESS WIRE)--Mill Point Capital LLC (“Mill Point Capital”), a private equity firm focused on control-oriented investments in the Business Services, Industrials and IT Services sectors, announced today the sale of Avenu Insights & Analytics (“Avenu”), a global leader in revenue enhancement and administration solutions for state and local governments, to Arlington Capital Partners (“ACP”), a Washington, DC-based private equity firm. ACP is focused on middle market invest...

BOSTON--(BUSINESS WIRE)--Edelman Financial Engines, America’s top independent wealth planning1 and workplace2 investment advisory firm, today announced the acquisition of Align Wealth Management (Align), a Registered Investment Advisor that provides a wide range of wealth management and financial planning services, including investment management, tax planning, retirement planning and estate planning. Headquartered in Oklahoma City, Oklahoma, with an additional office in St. Petersburg, Florida...

SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Transact Campus, Inc., “Transact,” the award-winning leader in innovative campus technology and payment solutions, today announced the acquisition of Quickcharge, a dining and retail technology platform for K-12, Healthcare, Corporate, and Government campuses. Operating as a division of MM Hayes, Quickcharge has consistently demonstrated its value by offering comprehensive solutions including cashless payments and transactions via point of sale (POS), kiosk a...

SAN FRANCISCO--(BUSINESS WIRE)--Veryon, a leading provider of information services and software solutions for the aviation industry, recently announced its acquisition of Rusada, a prominent player in the aviation maintenance management software industry since 1987. This strategic move solidifies Veryon's commitment to innovation while strengthening its position as a trusted aviation management software market leader. “We are thrilled to welcome Rusada to the Veryon family,” said Norman Happ, c...