Merger & Acquisition News

HOUSTON--(BUSINESS WIRE)--LandBridge Company LLC (NYSE: LB) (“LandBridge,” “we” or “our”) today announced it has closed its previously announced acquisition of approximately 46,000 largely contiguous surface acres, known as the Wolf Bone Ranch, in the Delaware Basin from a subsidiary of VTX Energy Partners, LLC, a Vitol investment (“VTX Energy”). The Wolf Bone Ranch acquisition strategically expands LandBridge’s position in Reeves and Pecos Counties, Texas, an important region for both oil and...

CHICAGO--(BUSINESS WIRE)--RRD, a global provider of marketing, packaging, print and supply chain solutions, today announced that it has entered into a definitive agreement with Advent to acquire Williams Lea, a provider of tech-enabled business support services to financial, legal and professional services firms worldwide. The deal is expected to close in the first quarter of 2025, pending regulatory clearance and customary closing conditions. Through the acquisition, Williams Lea will join RRD...

NEW YORK--(BUSINESS WIRE)--EasyVista announces the successful completion of its acquisition of a majority shareholding in OTRS Group, a prominent ITSM provider headquartered in Germany and listed on the Frankfurt Stock Exchange. With this acquisition, the Eurazeo-backed company is on track to exceed €70 million in sales by the end of the year, with half of it being generated outside of France. EasyVista has completed and closed the acquisition of a total of over 90% of OTRS shares. The company...

BISMARCK, N.D.--(BUSINESS WIRE)--Knife River Corporation (NYSE: KNF) announced today that it has entered into a definitive agreement to acquire Strata Corporation, a leading construction materials and contracting services provider in North Dakota and northwestern Minnesota. Based on Strata’s projected 2025 Adj. EBITDA, the purchase price of $454 million reflects a multiple in the high single digits. Founded in 1910, Strata is an aggregates-based, vertically integrated company with over 75 aggre...

CHICAGO--(BUSINESS WIRE)--JBT Corporation (NYSE: JBT), a leading global technology solutions provider to high-value segments of the food and beverage industry, today announced that JBT’s voluntary takeover offer to acquire all issued and outstanding shares of Marel hf. (ICL: Marel) expired on December 20, 2024, at 12:00 PM GMT. JBT has now satisfied all conditions to the offer, including the minimum acceptance condition with at least 90 percent of all issued and outstanding shares of Marel havi...

CHICAGO--(BUSINESS WIRE)--CCC Intelligent Solutions Inc. (“CCC”), a leading cloud platform provider powering the P&C insurance economy and a subsidiary of CCC Intelligent Solutions Holdings Inc. (NASDAQ: CCCS) (“CCCS”), announced today that it has signed a definitive agreement to acquire EvolutionIQ, Inc. (“EvolutionIQ”), the leading platform for AI-powered guidance for disability and injury claims management. The acquisition expands CCC’s market reach into strategic adjacencies and strengt...

CLEVELAND & DALLAS--(BUSINESS WIRE)--Align Capital Partners’ (“ACP”) outsourced legal services platform Counsel Press Inc. (“Counsel Press” or the “Company”) adds trial court services with its acquisition of Case Anywhere LLC (“Case Anywhere”). Case Anywhere is a cloud-based case management, eService and collaboration platform designed to improve efficiency, communication and documentation for litigators, courts, judges and neutrals, while streamlining both traditional trial and alternative dis...

NEW YORK--(BUSINESS WIRE)--Graycliff Partners LP today announced the sale of Landmark Structures (“Landmark”), a leading provider of water and industrial storage infrastructure solutions, to Cerberus Capital Management, L.P. (“Cerberus”), a global investment firm. Landmark is a leading designer, manufacturer, and installer of elevated water tanks for municipalities and private water utilities in the U.S. and Canada. Landmark has achieved impressive growth since Graycliff acquired the business i...

PHOENIX--(BUSINESS WIRE)--Cable One, Inc. (NYSE: CABO) (“Cable One”) announced today that it has amended the terms of its strategic investment in Mega Broadband Investments Holdings LLC (“MBI”) to provide enhanced timing flexibility for Cable One’s potential acquisition of full ownership of MBI. Cable One currently owns a 45% stake in MBI, and affiliates of GTCR LLC (“GTCR”) and MBI management own the balance of MBI. The amendments provide Cable One with enhanced ability to control the timing f...

COLUMBUS, Ohio--(BUSINESS WIRE)--Vertiv (NYSE: VRT), a global provider of critical digital infrastructure and continuity solutions, today announced the acquisition by its Chinese subsidiary of certain assets and technologies of BiXin Energy Technology (Suzhou) Co., Ltd (BSE), a manufacturer of chillers, heat pumps, heat-recovery solutions and air-handling units. Focused on expanding the Vertiv chiller family, the acquisition strengthens Vertiv’s portfolio of critical technologies and solutions...