Merger & Acquisition News

MIAMI--(BUSINESS WIRE)--Leste Group (“Leste”), a global alternative investment manager, today announced it has entered into an agreement to acquire a minority stake in Billor (“the Company”), a vertically integrated freight and fintech platform for U.S. truck drivers, and set up a $335 million credit facility to accelerate the company’s growth. Additional financial terms of the deal were not disclosed. Billor, headquartered in Orlando, Fla., helps truck drivers become owners through its tech-en...

DENVER & BOSTON--(BUSINESS WIRE)--Frontline Road Safety today announced that Bain Capital has agreed to acquire the Company from The Sterling Group....

MIAMI--(BUSINESS WIRE)--Tallvine Partners (“Tallvine”), an independent investment advisor focused on value-add middle-market infrastructure opportunities, today announced the launch of its North America fixed base operator (FBO) platform in conjunction with the acquisition of the U.S. assets of Odyssey Aviation (”Odyssey”), the owner and operator of three FBOs in the U.S. Terms of the transaction were not disclosed. The platform is dedicated to acquiring, enhancing and expanding FBOs catering t...

EDEN PRAIRIE, Minn.--(BUSINESS WIRE)--Surmodics, Inc. (Nasdaq: SRDX), a leading provider of medical device and in vitro diagnostic technologies to the healthcare industry, today reported financial results for its first quarter ended December 31, 2024. First Quarter Fiscal 2025 Financial Summary Total Revenue of $29.9 million, a decrease of 2% year-over-year Total Revenue excluding SurVeil™ drug-coated balloon (“DCB”) license fee revenue(1) of $28.7 million, a decrease of 3% year-over-year GAAP...

NEW YORK--(BUSINESS WIRE)--One Equity Partners (“OEP”), a middle market private equity firm, today announced that it has completed its sale of W.W. Williams (“Williams” or the “Company”). Financial terms of the private transaction were not disclosed. Founded in 1912 and headquartered in Columbus, Ohio, W.W. Williams is an aftermarket service and parts provider offering diversified solutions for its customers. The Company provides parts and service for on-highway and off-highway diesel engines,...

BOSTON--(BUSINESS WIRE)--The global integrated design firm DLR Group has acquired healthcare and life sciences planning and design firm, Tsoi Kobus Design....

WARSAW, Poland--(BUSINESS WIRE)--GoldenPeaks Capital (“GPC”) announces Battery Energy Storage Systems (BESS) as a main pillar of its investment strategy, with first projects already secured in Poland. GPC is one of the fastest growing independent green power producers in Europe and one of the largest solar photovoltaic system owners in Poland and Hungary. It now adds Battery Energy Storage Systems as a core pillar of its investment strategy. GPC was recently awarded with its first Capacity Mark...

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO:6503) announced today that its wholly owned subsidiary, Mitsubishi Electric India Pvt Ltd., will acquire a stake in Indian software startup Gervigreind Data Science Pvt. Ltd. (doing business as “Itanta Analytics”) to jointly develop and sell no-code data-analysis and report-generation applications. Under a collaboration agreement, Mitsubishi Electric plans to strengthen its FA digital solutions business and contribute to the digital...

MINNEAPOLIS--(BUSINESS WIRE)--Izzi Software today announced that it has completed the acquisition of ColeSoft, a Virginia-based developer of debugging products for software engineers and support staff working on IBM mainframes, and is currently exploring numerous other acquisitions in the enterprise software space. The company also named mainframe veteran Jennifer Nelson as CEO of Izzi, which is backed by Big Band Software. Nelson, a former United States Air Force intelligence analyst, spent mo...

RED BLUFF, Calif.--(BUSINESS WIRE)--Cornerstone Community Bancorp (OTC Pink: CRSB) announced today its financial results for the fourth quarter and full year ended December 31, 2024. The Company reported net income of $1,809,000 for the three months ended December 31, 2024 compared to net income of $1,892,000 for the same period last year. Diluted earnings per share were $1.18 for the three months ended December 31, 2024 compared to diluted earnings per share of $1.24 for the same period last y...