Merger & Acquisition News

TULSA, Okla.--(BUSINESS WIRE)--First Trinity Financial Corporation (“First Trinity” or the “Company”) today announced that Brickell L&A Holdings LLC, a portfolio company of the Brickell Insurance Group of companies, and an affiliate of 777 Partners LLC (“777 Partners”), has entered into a definitive agreement to acquire the Company. First Trinity is an insurance holding company operating since 2004 emphasizing annuity contracts and ordinary life insurance products in niche markets. For the...

KELOWNA, British Columbia--(BUSINESS WIRE)--Lafarge Canada, today announced its acquisition of Westridge Quarries operations. Westridge is a well-established supplier of construction aggregates and contract crushing services for the Okanagan Valley. The acquisition is in alignment with Lafarge’s Strategy 2025 to expand its Aggregates business through critical acquisitions of pits, quarries, docks, and depots in strategic high growth markets. “This is an exciting step forward in our 2025 growth...

BETHESDA, Md. & MARINA DEL REY, Calif.--(BUSINESS WIRE)--iLearningEngines (“iLearningEngines” or “the Company”), a leader in AI-powered learning automation and information intelligence for corporate and educational use, announced today that it has entered into a merger agreement with Arrowroot Acquisition Corp. (NASDAQ:ARRW), a publicly traded special purpose acquisition company sponsored by Arrowroot Capital, a 10 year old private equity firm specializing in enterprise software. Upon closing o...

SALT LAKE CITY--(BUSINESS WIRE)--Bridge Net Lease announced that it has acquired an off-market manufacturing asset located in Modesto, CA, totaling 148,000 square feet. The asset, located in a large agricultural region and featuring heavy power and covered outdoor storage, is 100% leased for nearly 10 years on a net lease to a single tenant with a long operating history at the property. The transaction was brokered by the Central Valley Industrial Team of Colliers International led by Mike Gold...

BOSTON--(BUSINESS WIRE)--KCP Advisory Group is excited to announce the merger of the Remuda Advisors consulting group into KCP and the appointment of Steven Bellah as Senior Managing Director. In this role, Mr. Bellah will head the Dallas office and will also serve as the practice leader for the Lender Services Group. He will be a key contributor to helping KCP maintain its accomplished Turnaround and Restructuring practice and will be a senior presence developing and supporting the business, w...

LOS ANGELES & ESBJERG, Denmark--(BUSINESS WIRE)--Skechers to Acquire Scandinavia Distributor...

HOUSTON--(BUSINESS WIRE)--SPB Hospitality, an industry-leading operator and franchisor of casual, upscale, and brewery restaurants, today announced the completion of its merger with Krystal Restaurants, adding one of the nation’s most iconic restaurants to its growing portfolio of independently operated hospitality brands. Founded in 1932 in a single Chattanooga, Tennessee location, Krystal today operates nearly 300 restaurants across 10 states, powered by a team of over 3,500 employees. For 90...

PORTLAND, Ore.--(BUSINESS WIRE)--Today, digital banking innovator Tyfone, Inc., announced a major transaction that includes a significant investment from Demopolis Equity Partners and a merger with digital banking provider Cubus Solutions, resulting in the combined entity operating under the Tyfone brand. This move will accelerate the adoption of the company's nFinia® digital banking platform by a wider range of community financial institutions and extend digital offerings that will bring in re...

BOTHELL, Wash.--(BUSINESS WIRE)--Seagen Inc. (Nasdaq:SGEN) (Seagen or the Company) reported financial results today for the first quarter ended March 31, 2023. The Company also highlighted performance across its approved product portfolio, development accomplishments, and progress across its differentiated oncology pipeline of innovative ADCs and targeted therapies. “Seagen delivered strong performance in the first quarter, with significant growth of 22 percent for both total revenue and net pr...

NEW YORK--(BUSINESS WIRE)--True, the premiere global platform of innovative talent management products and services, announced today it is acquiring Jopwell, a hiring platform focused on advancing the careers of Black, Latinx and Native American students and early-to-mid-career professionals. Jopwell perfectly complements the executive-level recruitment focus of True Search and sister organization AboveBoard. This holistic offering solidifies True as the leading technology and services firm for...