Merger & Acquisition News

ORLANDO, Fla. & BOCA RATON, Fla.--(BUSINESS WIRE)--East Resources Acquisition Company (NASDAQ: ERES) (“ERES”), a publicly traded special purpose acquisition company, today announced the completion of its business combination with Abacus Life, a leading buyer of life insurance policies and a vertically integrated alternative asset manager specializing in specialty insurance products. ERES shareholders voted to approve the business combination at a meeting held on June 29, 2023. In connection wit...

CHICAGO--(BUSINESS WIRE)--Byline Bancorp, Inc. (“Byline”) (NYSE: BY), the parent company of Byline Bank, announced today that it has completed its merger with Inland Bancorp, Inc. (“Inland Bancorp”) and its wholly owned bank subsidiary, Inland Bank and Trust. As a result of the transaction, effective July 1, 2023, Inland Bank and Trust merged with and into Byline Bank. The transaction brings Byline’s total assets to approximately $8.7 billion, based on information as of March 31, 2023. Roberto...

OLD GREENWICH, Conn. & NEW YORK--(BUSINESS WIRE)--Ellington Financial Inc. (NYSE: EFC) (“Ellington Financial”), a real estate investment trust investing in a diverse array of financial assets including residential and commercial mortgage loans, and Great Ajax Corp. (NYSE: AJX) (“Great Ajax”), a real estate investment trust that invests primarily in residential mortgage loans, announced today that they have entered into a definitive merger agreement pursuant to which Ellington Financial will acq...

HAMILTON, Bermuda--(BUSINESS WIRE)--Assured Guaranty Ltd. (NYSE:AGO) (together with its subsidiaries, Assured Guaranty) today announced the completion of the combination of substantially all of Assured Guaranty’s asset management business (other than Assured Healthcare Partners LLC (AHP)) with Sound Point Capital Management, L.P. (Sound Point). As part of the transaction, Assured Guaranty has contributed its entire equity interest in Assured Investment Management LLC and, with certain AHP-relat...

PARIS--(BUSINESS WIRE)--Technip Energies (Paris:TE) (ISIN:NL0014559478) announces the acquisition of Processium, an expert company in process development, equipped with laboratory and piloting facilities located in Lyon, France. Processium is an industrial development partner designing and developing next-generation processes to support the energy transition and enhance manufacturing competitiveness in the field of sustainable chemicals. With this acquisition, Technip Energies will pursue its s...

MILL VALLEY, Calif.--(BUSINESS WIRE)--FCPT Announces Acquisition of an Optima Dermatology clinic for $9.3 Million...

MINNEAPOLIS--(BUSINESS WIRE)--NOG Announces Closing of Forge Delaware Basin Acquisition...

AUSTIN, Texas--(BUSINESS WIRE)--CDK Global Inc., a leading automotive retail software provider, today announced the acquisition of full ownership in Computerized Vehicle Registration (CVR). CVR provides automotive dealers and other key members of the vehicle lifecycle with fast, secure, certified electronic vehicle registration. “CVR has successfully helped automotive dealers and other entities process millions of vehicle transfers and DMV inquiries annually and streamlined the car-buying proce...

MOKENA, Ill.--(BUSINESS WIRE)--Vehicle Management Solutions LLC (“VMS”), a portfolio company of Mill Point Capital LLC (“Mill Point”), announced the acquisition of Integrity Parking Management (“Integrity” or the “Company”), a leading light-duty Private Property Impound (“PPI”) company based in Denton, Texas, serving the Dallas-Ft. Worth metropolitan area. Integrity’s business model and geographic presence fit seamlessly with VMS’ Dallas operations and the Company will be able to leverage VMS’...

SAN FRANCISCO & CARSON, Calif. & LONDON--(BUSINESS WIRE)--Golden Gate Capital, a leading private equity investment firm, today announced that it has entered into a definitive agreement to acquire a majority equity stake in DMC Power (“DMC” or the “Company”), a leading designer and manufacturer of proprietary connector technology systems for high voltage power infrastructure. Tony Ward will continue to lead the Company as Chief Executive Officer and will remain a significant shareholder. Financi...