Merger & Acquisition News

PASADENA, Calif.--(BUSINESS WIRE)--ExchangeRight has announced the full subscription of Net-Leased Portfolio 70 DST, reflecting continued demand for the company’s historically recession-resilient net-leased offerings that support the growing acquisition pipeline of ExchangeRight’s Essential Income REIT. The $65.89 million portfolio of net-leased real estate, backed by primarily investment-grade companies operating in necessity-based industries, provides investors with monthly distributions at a...

TORRANCE, Calif.--(BUSINESS WIRE)--EP Wealth Advisors (“EP Wealth”), a leading fee-only registered investment advisor (RIA), today announced the acquisition of Clearview Wealth Advisors, LLC (“Clearview”), a planning-focused firm serving clients across the Pacific Northwest and the Phoenix metropolitan area. Through this partnership, the Clearview team will join EP Wealth’s Phoenix region, adding nearly $218 million in assets under management (AUM). The firm gains access to EP’s expanded planni...

LIMA, Peru--(BUSINESS WIRE)--Cementos Pacasmayo S.A.A. (NYSE: CPAC; BVL: CPACASC1) (“the Company” or “Cementos Pacasmayo”) announced today that the Swiss company Holcim, the world's leading cement company, has signed an agreement to purchase Inversiones Aspi S.A. of the Hochschild Group, which controls 50.01% of Cementos PACASMAYO. The valuation of S/ 5,100 MM has been made at a multiple of nine times EBITDA based on the twelve-month period ending in September 2025, which set an all-time EBITDA...

NEW YORK--(BUSINESS WIRE)--Consortium Brand Partners (“CBP”), a consumer brand investment platform, together with Eldridge Industries, Aurify Brands, and Convive Brands, today announced that they have entered into a definitive agreement to acquire California Pizza Kitchen (or “CPK”), the pioneering casual dining restaurant chain. Convive Brands, an investment and operations platform of high-quality restaurant concepts, will direct global operations and serve as master franchisor for all CPK res...

RALEIGH, N.C.--(BUSINESS WIRE)--Red Hat, the world's leading provider of open source solutions, today announced it has acquired Chatterbox Labs, a pioneer in model-agnostic AI safety and generative AI (gen AI) guardrails. This acquisition adds critical "security for AI" capabilities to the Red Hat AI portfolio, strengthening the company's efforts to deliver a comprehensive, open source enterprise AI platform built for the hybrid cloud. This announcement builds on a year of rapid innovation for...

DALLAS--(BUSINESS WIRE)--Flowserve Corporation (NYSE:FLS) (“Flowserve” or the “Company”), a leading provider of flow control products and services for the global infrastructure markets, announced today that it has acquired U.K.-based Greenray Turbine Solutions, Ltd. (“Greenray”), a comprehensive provider of aftermarket products and services for industrial gas turbines. Through this acquisition, Flowserve gains access to deep product expertise and durable revenue for a large installed base of mi...

NEW YORK--(BUSINESS WIRE)--Broadwood Partners, L.P. and its affiliates (“Broadwood” or “we”) today commented on a report published by Institutional Shareholder Services Inc. (“ISS”), an independent proxy advisory firm, which reiterates that firm’s significant concerns regarding the proposed acquisition of STAAR Surgical Company (“STAAR” or the “Company”) (NASDAQ: STAA) by Alcon Inc. (“Alcon”) (NYSE: ALC). ISS stated in its latest report on the proposed sale of STAAR to Alcon: “The initial sale...

ZURICH--(BUSINESS WIRE)--ABB has entered into an agreement to acquire IPEC, a UK-based technology company with more than 30 years of expertise in electrical diagnostics....

CALGARY, Alberta--(BUSINESS WIRE)--STEP Energy Services Ltd. ("STEP" or the "Company") is pleased to announce that the Court of King’s Bench of Alberta has granted the final order in respect of the previously announced plan of arrangement (the "Arrangement") involving ARC Energy Fund 8 Canadian Limited Partnership, ARC Energy Fund 8 United States Limited Partnership, ARC Energy Fund 8 International Limited Partnership and ARC Capital 8 Limited Partnership (collectively, "ARC Energy Fund 8"), 26...

LAKE FOREST, Calif.--(BUSINESS WIRE)--STAAR Surgical Company (NASDAQ: STAA) (“STAAR”), the global leader in phakic IOLs with the EVO family of Implantable Collamer® Lenses (EVO ICL™) for vision correction, today announced that leading independent proxy advisory firm Institutional Shareholder Services (“ISS”) has issued a new report and revised its recommendation with respect to STAAR’s merger with Alcon. ISS is now recommending that all STAAR stockholders vote “FOR” STAAR’s amended merger agree...