Merger & Acquisition News

ANDOVER, Mass.--(BUSINESS WIRE)--3STEP Sports, the nation’s largest and most impactful youth sports club and event operator, has acquired Michigan Elite Volleyball Academy, adding another nationally-recognized organization to the company’s growing volleyball vertical. Michigan Elite was founded in 2010 by a group of dads who sought better opportunities and experiences for their children. Steve Sack and Scott Conrad were part of that original group who started Michigan Elite with 50 teams. Sack,...

PARIS--(BUSINESS WIRE)--Tofane Global (TOFANE), the leading international communications solutions group, announces today the acquisition of DIMOCO Messaging, a leading global SMS aggregator based in Liechtenstein and Austria that delivers around two billion messages per year. Business messaging or application-to-person (A2P) has grown into a global market worth an estimated 26.5 billion USD in 2022 and is predicted to reach 38 billion USD in 2025. With only 5% of companies using SMS A2P, busin...

INDIANAPOLIS--(BUSINESS WIRE)--HKW, a middle-market private equity firm focused on growth companies, has acquired CMIT Solutions LLC (“CMIT”), a leading IT Managed Service Provider (MSP) franchisor, and HTW, Inc. (“HTW”), CMIT’s largest franchisee. As a rapidly growing IT and cybersecurity organization, CMIT is strongly aligned with HKW’s investment focus. CMIT systemwide surpassed $100 million in revenue in 2022, more than a year ahead of its projected timeline, through a focus on enhanced mar...

NEW YORK--(BUSINESS WIRE)--Newly formed Ad Populum, LLC (“Ad Populum”), a holding company majority owned by Joel Weinshanker, announces the acquisition of Enesco....

SAN FRANCISCO--(BUSINESS WIRE)--Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, today announced the completion of its acquisition of Salo Sciences, a San Francisco-based climate technology company that provides cutting-edge solutions to measure Earth’s constantly changing ecosystems. In December, Planet announced it had signed an agreement to acquire Salo Sciences. With the purchase of Salo Sciences (Salo), Planet plans to further develop its offerings to...

LISLE, Ill.--(BUSINESS WIRE)--AST announces the acquisition of Computer Technology Resources, Inc. to further expand service offerings in the Oracle and adjacent cloud ecosystems....

MANSFIELD, Mass.--(BUSINESS WIRE)--Lacerta Group Announces Acquisition of Portage Plastics Assets...

NEW YORK--(BUSINESS WIRE)--VICI Properties Inc. (NYSE: VICI) (“VICI Properties” or the “Company”), an experiential real estate investment trust, announced today that the Company has closed on the previously announced acquisition of the remaining 49.9% interest in the joint venture that owns MGM Grand Las Vegas and Mandalay Bay Resort from Blackstone Real Estate Income Trust, Inc. (“BREIT”) for cash consideration of approximately $1.27 billion and VICI’s assumption of BREIT’s pro-rata share of e...

ST. PETERSBURG, Fla.--(BUSINESS WIRE)--FG Financial Group, Inc. (Nasdaq: FGF, FGFPP) (the “Company”), today announced that its merchant banking platform partner FG Merger Corp. (FG Merger) (Nasdaq: FGMC) has entered into a business combination agreement with iCoreConnect Inc., a market leading, cloud-based software and technology company focused on increasing workflow productivity and customer profitability through its enterprise and healthcare workflow platform of applications and services. Th...

ARLINGTON, Texas--(BUSINESS WIRE)--Smith System Driver Improvement Institute, Inc. (“Smith System”), a portfolio company of Levine Leichtman Capital Partners, LLC (“LLCP”), announced today that it has acquired Driving Dynamics, Inc. (“Driving Dynamics”). Based in Newark, Delaware, Driving Dynamics provides driver safety training services for commercial fleet clients across the U.S. Over its 30-year history, Driving Dynamics has developed innovative offerings of virtual and in-person classroom t...