Merger & Acquisition News

NEW YORK & MONUMENT, Colo.--(BUSINESS WIRE)--Investment funds managed by Morgan Stanley Capital Partners (“MSCP”), the middle-market focused private equity team at Morgan Stanley Investment Management, have agreed to acquire Prescott’s, a leading healthcare focused specialty outsourced clinical engineering services provider, from Atlantic Street Capital. MSCP is partnering with the current management team led by CEO Brian Straeb, who will continue to lead the business. Prescott’s provides medic...

RANCHO SANTA MARGARITA, Calif.--(BUSINESS WIRE)--Virtium Acquires SOM Specialist Embedded Artists to expand product lines including compute, AI accelerator, memory, storage and connectivity modules...

KAYSVILLE, Utah--(BUSINESS WIRE)--Capestone, a division of OptConnect, today announced it has acquired all activities of Next Era, a France-based, specialized niche distributor of 4G/5G/mobile networks and critical communications in EMEA. With this step, Capestone furthers its growth by adding more than 250 channel partners and customers in France, Southern Europe, DACH, and the Middle East that will benefit from Capestone’s expanded managed services and offerings. In addition to expanding its...

HOUSTON & MIDLAND, Texas--(BUSINESS WIRE)--Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik” or the “Company”) today announced it has entered into a definitive agreement with Permian Resources Corporation (NYSE: PR) (“Permian Resources”) whereby Kinetik will acquire Permian Resources’ natural gas and crude oil gathering systems (the “Assets”) primarily located in Reeves County, Texas for $180 million of cash consideration (the “Transaction”). The Transaction provides a multi-stream opportunity for...

ST. LOUIS--(BUSINESS WIRE)--Thompson Street Capital Partners (TSCP), a private equity firm based in St. Louis, today announced the acquisition of BuildClinical, the leading patient recruitment solution for academic researchers, by OpenClinica, a provider of eClinical software solutions and a portfolio company of TSCP. Terms of the transaction were not disclosed. The combination of OpenClinica and BuildClinical marks a significant milestone in the growth and expansion of both companies. Together...

WEST HARTFORD, Conn.--(BUSINESS WIRE)--Apella Wealth (“Apella”), a financial advisory and wealth management firm serving individuals, families, and businesses, announced today that Barker Financial Group, Inc. (“Barker Financial”), a registered investment advisor (“RIA”), has joined the firm. This acquisition establishes Apella’s presence in Topsfield, MA, and adds to its regional financial planning and investment management capabilities. Founded in 1997 and led by James “Jim” Barker, Barker Fi...

CHICAGO--(BUSINESS WIRE)--Monroe Capital LLC (“Monroe”) announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition of JobNimbus by Sumeru Equity Partners. Founded in 2013 and headquartered in Lehi, Utah, JobNimbus is a leading business management software platform designed to provide roofing contractors with comprehensive, end-to-end solutions. The platform offers a suite of services, including CRM, sales and marketing...

SCOTTSDALE, Ariz.--(BUSINESS WIRE)--onsemi (Nasdaq: ON) today announced that it has entered into an agreement to acquire the Silicon Carbide Junction Field-Effect Transistor (SiC JFET) technology business, including the United Silicon Carbide subsidiary, from Qorvo for $115 million in cash. The acquisition will complement onsemi’s extensive EliteSiC power portfolio and enable the company to address the need for high energy efficiency and power density in the AC-DC stage in power supply units fo...

OMAHA, Neb.--(BUSINESS WIRE)--AMCON Distributing Company (“AMCON”) (NYSE American: DIT), an Omaha, Nebraska-based consumer products company is pleased to announce the acquisition of Arrowrock Supply (“Arrowrock”) of Boise, Idaho from Davis-Jones Inc. “We are delighted to welcome the loyal Employees, Customers, and Vendors of Arrowrock to our AMCON Family,” said Christopher H. Atayan, AMCON’s Chairman and Chief Executive Officer. “Our customer base in the Intermountain West of the United States...

WILMINGTON, Ohio & NEW YORK--(BUSINESS WIRE)--Air Transport Services Group, Inc. (NASDAQ:ATSG), a global leader in medium widebody freighter aircraft leasing, air transport operations, and support services, today announced the expiration of the 35-day “go-shop” period under the terms of the previously announced definitive merger agreement, pursuant to which Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, will acquire ATSG for $22.50 per share in...