Merger & Acquisition News

KANSAS CITY, Mo.--(BUSINESS WIRE)--Kansas City Southern (NYSE: KSU) (“KCS”) today announced that the Company has scheduled a virtual Special Meeting of Stockholders (“Special Meeting”) to vote on the proposed combination with Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) (“CP”) on December 10, 2021 at 10 a.m. Eastern Time (9 a.m. Central Time). All stockholders of record of KCS common stock and KCS 4% non-cumulative preferred stock as of the close of business on October 14, 2021, will b...

NEW YORK--(BUSINESS WIRE)--Monomoy Capital Partners, a middle-market private investment firm focused on operational value creation, announced today that it has signed a definitive agreement to acquire Trinity Highway Products (“THP” or the “Company”) from Trinity Industries, Inc. (NYSE:TRN) for approximately $375 million. The transaction remains subject to customary closing conditions and regulatory approval. Founded in 1973, THP is a manufacturer and lessor of highway safety products, includin...

NEW YORK & DALLAS--(BUSINESS WIRE)--Lone Star Funds today announced that a Lone Star affiliate has acquired five luxury and upper upscale hotels from Host Hotels & Resorts, Inc. (NASDAQ: HST) for an aggregate purchase price of $551 million, including approximately $11 million for furniture, fixtures, and equipment (FF&E) replacement funds. The hotels are: The Whitley, A Luxury Collection Hotel, Atlanta Buckhead in Georgia; The Westin Buckhead Atlanta in Georgia; The Westin Los Angeles A...

PITTSBURGH--(BUSINESS WIRE)--Self-driving technology company Aurora today announced it has completed its business combination with Reinvent Technology Partners Y, a special purpose acquisition company. The business combination was approved by Reinvent Technology Partners stockholders in a special meeting held on November 2, 2021 and formally closed on November 3, 2021. Aurora’s Class A common stock and warrants will begin trading tomorrow on the Nasdaq under the ticker symbol "AUR” and “AUROW,”...

FORT WORTH, Texas--(BUSINESS WIRE)--Brazos Midstream (Brazos) today announced two significant transactions in the Permian Basin region of West Texas. Brazos Delaware, LLC acquired the Pecos Gas Gathering System (Pecos) from Diamondback Energy, Inc. (Diamondback) and its midstream affiliate Rattler Midstream (Rattler). Additionally, newly-formed Brazos Midland, LLC has closed on the acquisition of Diamondback’s Mustang Springs Gas Gathering System, dba Permian Gathering, LLC (Mustang Springs). D...

HOUSTON--(BUSINESS WIRE)--Crescent Pass Energy, LLC (Crescent Pass) announced today that it has closed on an acquisition of operated and non-operated assets in East Texas. The bolt-on transaction includes approximately 60,000 net acres, flowing approximately 12.5 million cubic feet equivalent per day of natural gas weighted production, across a region with multiple producing horizons and favorable access to Gulf Coast markets. In 2021 to date, Crescent Pass has deployed more than $100 million o...

BARCELONA, Spain--(BUSINESS WIRE)--Fluidra, a worldwide leader in the pool and wellness industry and global manufacturer of equipment and connected solutions, today announced it has acquired Taylor Water Technologies LLC (Taylor), a leading US-based manufacturer of water-testing solutions. Taylor, the foremost brand in water testing, joins Fluidra’s family of already distinguished brands, including Jandy®, Polaris®, iAquaLink®, and SR Smith®. The addition of Taylor’s highly trusted water-testin...

CARPINTERIA, Calif.--(BUSINESS WIRE)--Procore Completes Acquisition of Levelset to Simplify Lien Management Workflows for Construction...

OAK BROOK, Ill.--(BUSINESS WIRE)--The Chamberlain Group LLC (“Chamberlain Group” or “the Company”), a global leader in smart access solutions, today announced that The Duchossois Group, Inc. (“The Duchossois Group”) has completed the sale of Chamberlain Group to private equity funds managed by Blackstone (“Blackstone”). As previously announced, Blackstone is investing in Chamberlain Group through its core private equity strategy, which invests in high-quality, market-leading companies for longe...

WHITE PLAINS, N.Y.--(BUSINESS WIRE)--Marsh McLennan Agency (MMA), a subsidiary of Marsh, today announced the acquisition of Southwest Truck Insurance Agency, Inc., a leading independent agency in Irving, Texas. Terms of the acquisition were not disclosed. Founded in 1986, Southwest Truck Insurance specializes in business insurance solutions for the trucking industry, with expertise in domestic and cross-border trucking operations, serving clients in the US and Mexico. All of Southwest Truck Ins...