Merger & Acquisition News

NEW YORK & CHICAGO--(BUSINESS WIRE)--Blackstone (NYSE:BX) announced today that private equity funds managed by Blackstone (“Blackstone”) have entered into a definitive agreement to acquire Sphera, a leading provider of Environmental, Social and Governance (ESG) software, data, and consulting services, from Genstar Capital. The investment, which values the company at approximately $1.4 billion, would be made through Blackstone’s flagship private equity vehicle. Through SaaS software, proprietary...

ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD) (“Middleby”) today is releasing its current Q2 2021 and fiscal year 2021 forecast, well ahead of prior management forecasts and current consensus estimates. We are updating our internal estimates in light of continued strong year-to-date performance and based on the visibility that we have into orders, backlog and other leading indicators. Middleby is benefitting from increased customer orders as the industry recovers from CO...

IRVINE, Calif. & LAGUNA BEACH, Calif.--(BUSINESS WIRE)--Montrose Environmental Group, Inc. (the “Company” or “Montrose”) (NYSE: MEG) today announced the acquisition of Environmental Intelligence, LLC (“EI”), an environmental consulting company recognized for its innovative work in wildfire mitigation, biological assessments, construction monitoring and regulatory compliance services. EI provides comprehensive environmental services in support of major capital improvement projects, including res...

NEW YORK--(BUSINESS WIRE)--Dentsu Group Inc. (Tokyo: 4324; ISIN: JP3551520004; President & CEO: Toshihiro Yamamoto; Head Office: Tokyo; Capital: 74,609.81 million yen) announced today that it has entered an agreement to acquire LiveArea, a global customer experience and commerce agency, subject to customary closing conditions. LiveArea is a division of PFSweb Inc (NASDAQ: PFSW). LiveArea will join Merkle, a leading technology-enabled, data-driven customer experience management (CXM) company...

PHOENIX--(BUSINESS WIRE)--On Monday, July 5, 2021, Knight-Swift Transportation Holdings Inc. (NYSE: KNX) ("Knight-Swift"), acquired 100% of Dothan, Alabama-based AAA Cooper Transportation and an affiliated entity ("AAA Cooper"). AAA Cooper is a leading less-than-truckload ("LTL") carrier that also offers dedicated contract carriage and ancillary services. The transaction is expected to be immediately accretive to Knight-Swift’s adjusted earnings per share ("Adjusted EPS"1). Knight-Swift CEO, Da...

LINCOLNSHIRE, Ill.--(BUSINESS WIRE)--Alight Solutions, a leading cloud-based provider of integrated digital human capital and business solutions, and Foley Trasimene Acquisition Corp. (NYSE:WPF) (“Foley Trasimene”), a special purpose acquisition company, today announced the completion of their business combination, which was approved by Foley Trasimene stockholders on June 30, 2021 and closed on July 2, 2021. Alight, Inc.’s Class A common stock and warrants will begin trading on the New York St...

MINNEAPOLIS--(BUSINESS WIRE)--General Mills (NYSE: GIS) today announced that it has completed the acquisition of Tyson Foods’ (NYSE: TSN) pet treats business for $1.2 billion in cash. The business, which includes the Nudges, Top Chews and True Chews brands, is the leader in natural meat treats for pets. “This acquisition represents an important step as we reshape our portfolio for growth, in line with our Accelerate strategy,” said General Mills Chairman and Chief Executive Officer Jeff Harmeni...

NEW PORT RICHEY, Fla.--(BUSINESS WIRE)--Welbilt, Inc. (NYSE: WBT) today confirmed that it has received a revised unsolicited proposal (the “Revised Unsolicited Proposal”) from Ali Holding S.r.l. to acquire all of the outstanding shares of Welbilt common stock for $24 per share in cash, an increase from the previously disclosed $23 per share cash proposal made by Ali Group on May 25, 2021. Welbilt previously announced on April 21, 2021, that it had entered into a definitive merger agreement (the...

LINCOLNSHIRE, Ill.--(BUSINESS WIRE)--Camping World Holdings, Inc. America’s Recreation Dealer, today announced a land acquisition agreement for TC’s RV dealership in St. Albans City, VT....

HAMBURG, Germany--(BUSINESS WIRE)--H.I.G. Capital affiliate signed agreement to sell its German portfolio company WERU Group, a manufacturer of PVC windows and doors in Germany,...