Merger & Acquisition News

MIDLAND, Texas--(BUSINESS WIRE)--Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSE: PR) today announced the closing of its previously announced acquisition of certain leasehold and royalty interests located in Eddy and Lea Counties, New Mexico from APA Corporation (Nasdaq: APA). About Permian Resources Headquartered in Midland, Texas, Permian Resources is an independent oil and natural gas company focused on driving peer-leading returns through the acquisition, optimiza...

NEW YORK--(BUSINESS WIRE)--Expert Institute, the legal industry’s leading provider of expert witness services, research, and data-driven intelligence, today announced its acquisition of ExpertConnect Litigation Support, LLC (ECLS), a national firm known for its elite network of expert witnesses in high-stakes regulatory, commercial, and intellectual property disputes. The acquisition further solidifies Expert Institute’s position as the largest and most trusted platform for expert witness engag...

IRVINE, Calif.--(BUSINESS WIRE)--Cosentus Holdings, a leading provider of integrated business solutions for healthcare practices nationwide, is pleased to announce that it has entered into an agreement to acquire Alta Management Solutions, a respected name in medical practice consulting and revenue cycle management (RCM) services. Known for its hands-on, client-focused approach, Alta Management Solutions offers end-to-end RCM support, credentialing, and operational consulting tailored to the un...

MIAMI--(BUSINESS WIRE)--Ardurra Acquires Cultural Resource Management Firm, Janus Research, Inc....

NEW YORK--(BUSINESS WIRE)--My Cultura, iHeartMedia’s podcast network dedicated to elevating Latino voices and stories, today announced a major expansion of its collaboration with award-winning actress, producer, director and philanthropist Eva Longoria. Hyphenate Media Group—the studio she co-founded in partnership with industry leader Cris Abrego, who serves as the group’s CEO—has acquired an equity share in My Cultura and will also be represented on its Board of Advisors. As part of the new d...

WHITE PLAINS, N.Y.--(BUSINESS WIRE)--Mavis Tire Express Services Corp. (“Mavis”), a leading provider of automotive repair and maintenance services and one of the largest independent tire and service providers in North America, announced today that it has completed the purchase of Midas from TBC Corporation (“TBC”). Financial terms of the transaction are not being disclosed. The addition of Midas, a globally recognized automotive service brand with a strong presence across North America, marks a...

HOUSTON--(BUSINESS WIRE)--RCI Hospitality Holdings, Inc. (Nasdaq: RICK) today announced closing on the acquisition of the upscale Platinum Plus Gentlemen’s Club in Allentown, PA, minutes away by car from the airport in Allentown and the casino in Bethlehem. The purchase price totaled $2.0 million, consisting of $1.5 million cash and $0.5 million seller financing at 7% for the club. The purchase price is in line with RCI’s acquisition valuation target of 3-5x annualized adjusted EBITDA for a clu...

MALVERN, Pa. & TROY, Mich.--(BUSINESS WIRE)--Cantaloupe, Inc. (NASDAQ: CTLP) ("Cantaloupe”), a global technology leader offering end-to-end technology solutions for self-service commerce, today announced it has entered into a definitive agreement to be acquired by 365 Retail Markets, LLC ("365"), a leading innovator in unattended retail technologies, in an all-cash transaction with an equity value of approximately $848 million. 365 is a portfolio company of Providence Equity Partners L.L.C. (“P...

SALT LAKE CITY--(BUSINESS WIRE)--Sizzling Platter, one of the largest U.S. restaurant franchisee platforms, today announced that affiliates of Bain Capital Private Equity intend to offer $500 million in aggregate principal amount of senior secured notes due 2032 (the “notes”), subject to market and other customary conditions, to fund the acquisition of Sizzling Platter’s parent (the “Company”) by Bain Capital Private Equity. The affiliates, BCPE Flavor Debt Merger Sub, LLC (“Merger Sub”) and BC...

NEW YORK & PARIS--(BUSINESS WIRE)--OpenGate Capital (“OpenGate”), a global private equity firm, announced today that it has entered into a binding agreement for the sale of ScioTeq, a global leader in ruggedized displays for the aviation and defense industries, to the aerospace and defense fund of global alternative asset manager Tikehau Capital (ISIN code: FR0013230612; Ticker: TKO.FP). ScioTeq has a 40-year heritage of designing and manufacturing advanced visualization and computing solutions...