Merger & Acquisition News

NEW YORK--(BUSINESS WIRE)--GenNx360 Capital Partners (“GenNx360”), a New York-based private equity firm investing in industrial and business services companies in the U.S. middle market, today announced that its portfolio company, Precision Aviation Group, Inc. (“PAG”), has acquired Turner Aviation, a highly regarded aviation maintenance, repair, and overhaul (MRO) services provider based in the United Kingdom. The acquisition of Turner Aviation marks PAG’s entry into the EMEA (Europe, Middle E...

PINELLAS PARK, Fla.--(BUSINESS WIRE)--Sylmar Group, a leader in the industrial water services sector, is pleased to announce the acquisition of R2J Chemical Services, Inc. (R2J), a premier provider of industrial water treatment solutions. R2J will become part of the Sylmar Water Treatment family of companies, joining EAI Water, Clearwater Industries, Aquaclear, Western Water, and LaMotte Water, among others – geared towards establishing a nationwide network of local, personalized water treatmen...

COLLEGE PARK, Md.--(BUSINESS WIRE)--IonQ (NYSE: IONQ), a leading commercial quantum computing and networking company, today announced the completion of its acquisition of Capella Space Corporation, an American space tech company with synthetic aperture radar (SAR) and satellite solutions for government and commercial applications. The closing marks a significant step in IonQ’s mission to develop the world’s first space-to-space and space-to-ground satellite quantum key distribution (QKD) networ...

HOUSTON--(BUSINESS WIRE)--The Sterling Group (“Sterling”), a Houston, TX-based middle market private equity firm, today announced that it has entered into a definitive agreement to acquire Precision Concepts International, LLC (“PCI” or “the Company”), a leading provider of specialty rigid packaging solutions, from ONCAP, the lower mid-market private equity platform of Onex Corporation (TSX: ONEX). Sterling will partner with existing PCI investors, including ONCAP and management, to support PCI...

AUSTIN, Texas--(BUSINESS WIRE)--Bluespring Wealth Partners (Bluespring), a leading acquirer of independent RIAs and hybrid wealth management firms, today announced that existing Bluespring firm Hickory Asset Management, Inc. (Hickory) will merge into existing Bluespring firm, Ritter Daniher Financial Advisory LLC (RDFA). As combined teams, investment advisor professionals with Hickory and RDFA will now oversee over $865M in assets under management. Hickory, who joined Bluespring in 2019, is a p...

NEW YORK--(BUSINESS WIRE)--Abacus Group and Medicus IT, two leading providers of IT managed services with deep subject matter expertise in the highly regulated industries of financial services and healthcare respectively, today announced that they have merged. The transaction brings together two complementary, expert-driven organizations under a shared strategic vision to form a market-leading managed services and cybersecurity platform (MSP/MSSP) tailored to the comprehensive demands of two hi...

SANTA MONICA, Calif.--(BUSINESS WIRE)--Wilshire Advisors LLC (“Wilshire”), a leading global financial services firm, today announced that it has acquired ParkLexington Advisors, LLC (“ParkLexington”), a data and analytics firm focused on improving fund and investment firm operations, profitability, and performance. Through this transaction, Wilshire will meaningfully expand its data, cost transparency, and analytics capabilities for all clients. The financial terms of the transaction were not d...

NEW YORK--(BUSINESS WIRE)--GFT Technologies SE (GFT) has agreed to acquire 100 percent of Megawork Consultoria e Sistemas Ltda. (Megawork), a leading Brazilian SAP consultancy, in a strategic move that aligns directly with GFT’s five-year strategy. The acquisition advances the company's goals for high-value added service growth, expanded profitability, and deeper integration with major Independent Software Vendors. With this acquisition, GFT formally enters the SAP ecosystem – built around one...

SAN FRANCISCO--(BUSINESS WIRE)--FFL Partners (“FFL”), a private equity firm focused on growth investments in tech-enabled business services and healthcare companies, today announced the completion of the merger of FFL portfolio companies Abacus Group and Medicus IT to launch a new multi-vertical IT Managed Services Provider (“MSP”) exclusively focused on the financial services and healthcare industries. Financial terms of the transaction were not disclosed. “We have seen significant demand from...

TORONTO & BOSTON--(BUSINESS WIRE)--Northleaf Capital Partners (“Northleaf”), a global private markets investment firm, announced that funds managed by the firm, alongside AVALT, a Boston-based investment firm, have signed definitive agreements to acquire WASH Multifamily Holdings Inc (“WASH” or the “Company”), a leading North American route-based laundry infrastructure services company, from EQT, a purpose-driven global investment organization. The transaction is expected to close in the third...