Merger & Acquisition News

RICHMOND, Va.--(BUSINESS WIRE)--Harris Williams, a global investment bank specializing in M&A advisory services, announces it advised ADB Companies, LLC and its affiliates (ADB), a leading turnkey provider of telecommunication and utility infrastructure solutions in the United States, on its sale to Warren Equity Partners (Warren Equity). ADB was previously part of the Keeley Companies family of companies. Rusty Keeley, CEO of the Keeley Companies, and Chad Johnson, CEO of ADB, will maintai...

WEST DES MOINES, Iowa--(BUSINESS WIRE)--FBL Financial Group, Inc. (NYSE: FFG) (“FBL Financial Group” or “the Company”) today convened and then adjourned the Special Meeting of Shareholders of the Company (the “Special Meeting”) to approve, among other things, the proposal to adopt the definitive agreement (the “Merger Agreement”) pursuant to which Farm Bureau Property & Casualty Insurance Company (“FBPCIC”) would acquire all of the outstanding shares of FBL Financial Group Class A and Class...

SAN DIEGO--(BUSINESS WIRE)--Illumina, Inc. (NASDAQ: ILMN) announced today that it has filed an action in the General Court of the European Union asking for annulment of the European Commission’s decision asserting jurisdiction to review Illumina’s acquisition of GRAIL. The Commission asserted jurisdiction to review the acquisition under Article 22 of the EU Merger Regulation on April 19, 2021, seven months after the deal was announced. “The European Commission’s unprecedented and untimely decis...

REDWOOD CITY, Calif.--(BUSINESS WIRE)--Electronic Arts Inc. (NASDAQ: EA), a global leader in interactive entertainment, today announced the completion of its acquisition of Glu Mobile Inc. (NASDAQ: GLUU) for $2.1 billion in enterprise value. The combination of Electronic Arts and Glu accelerates EA’s mobile portfolio growth and will fuel new experiences in mobile, the largest gaming platform in the world. The deal will add significant growth to EA’s mobile business, building on its network of 1...

GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage (NYSE:PSA), the leading owner, acquirer, developer, and operator of self-storage properties, announced today that it has closed on the acquisition of ezStorage, one of the highest quality self-storage portfolios in the United States, for $1.8 billion. The transaction adds 48 properties (4.2 million net rentable square feet) located in submarkets with strong demand and high barriers for new property development across Washington DC, Virginia, and...

DENVER--(BUSINESS WIRE)--AI Capital, a Colorado-based venture capital firm investing in early growth stage enterprise AI software companies, announced the planned sale of one of its portfolio companies, Link3D, to Materialise just over a year after investing. Alongside the exit, the firm has closed its North America (NA) Fund I and is now launching NA Fund II. The firm expects to launch its European Union (EU) Fund I later in the year. Based near Boulder, CO Link3D offers additive manufacturing...

SAN ANTONIO--(BUSINESS WIRE)--Globalgig announced today that the company has signed a definitive agreement to acquire Netherland based HardMountain B.V. HardMountain is an MVNO (Mobile Virtual Network Provider) focused on providing solutions for the industrial IoT market, supplying customers with global wireless connectivity and embedded IoT technologies. HardMountain was founded to meet the market demand for connected devices. In the industrial IoT space, connectivity is key for applications s...

MINNETONKA, Minn.--(BUSINESS WIRE)--Communications Systems, Inc. (NASDAQ: JCS) (“CSI” or the “Company”), an IoT intelligent edge products and services company, today announced that it entered into a definitive securities purchase agreement (“Purchase Agreement”) with Lantronix, Inc. (Nasdaq: LTRX) (“Lantronix”), to sell the Company’s Transition Networks and Net2Edge businesses to Lantronix for a base price of $25.0 million to be paid at closing, subject to a working capital adjustment following...

INDIANAPOLIS--(BUSINESS WIRE)--Anthem, Inc. (NYSE: ANTM) today announced that it has completed its acquisition of myNEXUS, Inc. (“myNEXUS”), a comprehensive home-based nursing management company for payors. myNEXUS delivers integrated clinical support services for approximately 1.7 million Medicare Advantage members across 20 states. “We are excited to combine myNEXUS’ power of digital and advanced analytics to expertly manage and coordinate home-based healthcare with the offerings that the Div...

PHILADELPHIA--(BUSINESS WIRE)--Aramark (NYSE:ARMK), a global leader in food, facilities management and uniforms, announced today that it has signed an agreement to acquire Next Level Hospitality, a premier provider of culinary and environmental services in the senior living sector, specializing in skilled nursing and rehabilitation facilities. Founded in 2017, Next Level serves hundreds of locations in the U.S., primarily in the East Coast, Midwest and Texas. The acquisition enables Aramark to...