Merger & Acquisition News

LONDON--(BUSINESS WIRE)--German businessman and tech entrepreneur Hakan Koç and former telecoms executive and private equity investor Pyrros Koussios (the “Investors”), today announce that they have completed, with immediate effect, their acquisition of Truphone, the first global mobile operator. The Investors are buying the assets and subsidiaries of Truphone Limited, following the completion today of the company’s restructuring and the recent receipt of National Security and Investment Cleara...

FORT WORTH, Texas--(BUSINESS WIRE)--i-Lead® Realty Group assisted Corinth Land Company in the purchase of the fully leased three building industrial flex complex at 11224 S. Pipeline Road, 3620 Liston Lane and 3628 Liston Lane in Euless, Texas, consisting of 52,692 SF on 3.3 acres according to their associate broker, Brooks Trisler, CEO of i-Lead® Realty Group, an affiliate of eXp Realty. Corinth Land Company has properties in Oklahoma, in Fort Worth and Frisco, Texas, and is looking to further...

NEW YORK--(BUSINESS WIRE)--DCG Acquisitions, one of the leading mergers & acquisitions firms, closed more than $1 B in total acquisition value for the second consecutive year....

ROSEMONT, Ill.--(BUSINESS WIRE)--Wynnchurch Capital, L.P. (“Wynnchurch”), a leading middle market private equity firm, announced today that it has acquired a majority ownership in FloWorks International, LLC (“FloWorks” or the “Company”) from Clearlake Capital Group, L.P (together with its affiliates, “Clearlake”). Clearlake will retain a minority stake in the go-forward business. Headquartered in Houston, Texas, FloWorks is a leading specialty distributor of critical flow control products and...

SAN JOSE, Calif.--(BUSINESS WIRE)--SJW Group (NYSE: SJW) today announced that its Texas subsidiary, SJWTX Inc., which does business as Canyon Lake Water Service Company, has reached agreements to acquire KT Water Development Ltd and KT Water Resources L.P., which are both located in Comal County, Texas. The pending acquisitions will add more than 550 customers and a 50% increase in the total available system-wide water supply for current customer needs and future growth. Eric W. Thornburg, chai...

PASADENA, Calif.--(BUSINESS WIRE)--Tetra Tech, Inc. (NASDAQ: TTEK), a leading provider of high-end consulting and engineering services, announced today its offer to acquire all of the outstanding shares of RPS Group through a United Kingdom (UK) court-approved scheme of arrangement has become effective and the transaction has closed. Trading in RPS Group shares on the London Stock Exchange has been suspended and the outstanding shares of RPS Group are now owned by Tetra Tech. RPS Group employs...

WESTLAKE, Texas--(BUSINESS WIRE)--The Charles Schwab Corporation has acquired The Family Wealth Alliance, a leading community and provider of resources to family wealth firms....

LONDON & SANTA MONICA, Calif.--(BUSINESS WIRE)--Wilshire, a leading global financial services firm committed to enhancing and modernizing the way that indexes are built, maintained and licensed has entered a partnership with FalconX to develop a range of single-coin, multi-coin and thematic indexes, providing institutional investors with access to the fast-growing OTC crypto derivatives market and enhanced ability to conduct safe and regulated trading. As of December 30, 2022, the circulating v...

ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD) today announced the acquisition of Flavor Burst, an innovative technology used in a variety flavored beverage and soft serve products. The company is based in Danville, Ind. and has annual revenues of $5 million. “Flavor Burst provides flavoring systems to enhance customer offerings for soft serve, shakes, slush, smoothies, frozen carbonated beverages, frozen coffees, and frozen cocktails. This technology complements and exte...

NEW YORK & CHARLESTON, SC--(BUSINESS WIRE)--Voya Financial, Inc. (NYSE: VOYA), a leading health, wealth and investment company, announced today that it has completed its acquisition of Benefitfocus, Inc., an industry-leading benefits administration technology company that serves employers, health plans and brokers. As a result of the acquisition, Voya now serves the workplace benefits and savings needs of approximately 38 million individuals, or roughly one in 10 Americans. The acquisition, whi...