Merger & Acquisition News

HAMILTON, Bermuda--(BUSINESS WIRE)--Monument Re Completes Acquisition of Portfolio From Federale Verzekering...

TORONTO--(BUSINESS WIRE)--Northleaf Capital Partners (“Northleaf”) today announced a strategic partnership with Provident Energy Management Inc. (“Provident” or the “Company”), a leading provider of sub-metering and building automation services predominantly focused on the multi-residential new construction market. Funds managed by Northleaf have acquired a majority stake in Provident, aligning with the Company’s management team, who will maintain a minority interest, to expedite growth. Provid...

FRISCO, Texas--(BUSINESS WIRE)--NR West, the parent company of The Insurance Exchange, a premier Dallas-based General Agency, today announced that it has completed its acquisition of Foster Benefit Resources, a full-service General Agency specializing in fully insured and self-funded employee benefits in the North Texas area. Foster Benefits has a history of providing superior service to its clients through its dedicated team, a majority of whom have a tenure of 10+ years. Moving forward, broke...

NEW YORK & LOS ANGELES--(BUSINESS WIRE)--Ziff Davis, Inc. (Nasdaq: ZD), a vertically focused digital media and internet company, and Xyla, Inc., an artificial intelligence (AI) company at the forefront of the development of retrieval-augmented large language model AI systems for accuracy-critical domains, have entered into a strategic partnership focused on AI enablement across digital media, software, and information services. The first initiative in the partnership will be to integrate Xyla’s...

LONDON--(BUSINESS WIRE)--Element Materials Technology (Element), a global leader in testing, inspection, and certification (TIC) is expanding its presence in Asia and enhancing its connected technology testing capabilities with the acquisition of CTK Co., Ltd. (CTK). Established in 1998, CTK has grown to become one of the top 10 connected technologies testing companies in South Korea. With over 140 employees across four sites, the Radio Research Agency (RRA) and KOLAS 17025 accredited business...

LOS ANGELES--(BUSINESS WIRE)--Surf Air Mobility Inc. (“Surf Air Mobility” or “SAM”), a regional air mobility platform aiming to sustainably connect the world’s communities, announced today that the transaction between Surf Air Mobility and Southern Airways (“Southern”) closed immediately prior to the listing of Surf Air Mobility on the New York Stock Exchange under the ticker symbol “SRFM” on July 27, 2023. The combination of Surf Air Mobility and Southern will provide the basis for SAM’s antic...

REDMOND, Wash.--(BUSINESS WIRE)--Zetron announced the acquisition of Eagle NewCo, a business unit of NEC Software Solutions UK Limited (NEC) for approximately $15 million (USD)....

BOCA RATON, Fla.--(BUSINESS WIRE)--New Water Capital (“New Water”), an operationally-focused lower middle market private equity firm, today announced that it has completed the acquisitions of Norwood Paper Inc. (“Norwood”) and BulkSak International (“BSI”). The acquisitions become a part of New Water’s broader transportation packaging solutions platform which will now be the largest provider of specialty FIBCs and related packaging in North America. Terms of the private transactions were not di...

LONDON--(BUSINESS WIRE)--BlackRock Inc. (NYSE: BLK) announces today the completion of its acquisition of Kreos, a leading provider of growth and venture debt financing to companies in the technology and healthcare industries. The acquisition of Kreos adds to BlackRock’s position as a leading global credit asset manager and advances its ambitions to provide clients with a diverse range of private market investment products and solutions. Kreos’ London-based 45-person team will integrate into Bla...

WASHINGTON--(BUSINESS WIRE)--Arlington Capital Partners (“Arlington”), a Washington, DC-based private equity firm, today announced that it acquired Integrated Data Services, Inc. (“IDS” or the “Company”). IDS’ co-founders Jerome Murray and James Truhe retained a minority stake in the Company as part of the transaction. Financial terms were not disclosed. Founded in 1997 and headquartered in El Segundo, CA, IDS is a leading provider of software and technology-enabled support and development for...