Merger & Acquisition News

MIAMI & BERLIN--(BUSINESS WIRE)--I Squared Capital, a leading independent global infrastructure investment manager, announced today that its renewables platform Cube Green Energy has signed an agreement to acquire control of SUNfarming, a leading German photovoltaic (PV) developer and independent power producer with a focus on solar projects on agricultural land, known as “Agri-PV”. By joining forces with the founders of SUNfarming, Cube Green Energy will have an early-mover advantage in German...

SAN MATEO, Calif.--(BUSINESS WIRE)--HTEC, an end-to-end digital product development and engineering services company headquartered in San Mateo, announced today the acquisition of eesy-innovation, embedded hardware and software engineering company based in Munich, Germany, and Granada, Spain. This acquisition is part of HTEC’s overall strategy to further enhance its capabilities in embedded and IoT technologies, and AI solutions, creating additional value for clients and providing growth opport...

HONG KONG--(BUSINESS WIRE)--RS Company Ltd. ("RS"), an affiliate of Oasis Management Company Ltd., announces today that it has transferred all shares of Rays Company (Hong Kong) Limited ("Rays"), which is wholly owned by RS and holds 63.88% of the shares of Raysum Co., Ltd. ("Raysum"), to Hulic Co., Ltd. ("Hulic"). Additionally, RS has transferred its loan receivables and dividend payment claims against Rays to Hulic in exchange for cash consideration. Oasis Management Company Ltd. and RS (coll...

SACRAMENTO, Calif.--(BUSINESS WIRE)--Inszone Insurance Services, a rapidly growing national provider of commercial, personal, and benefits insurance, is excited to announce the acquisition of Nugent Insurance Brokers, LLC. With this acquisition, Inszone continues its strategic expansion while welcoming another legacy insurance firm with a proud three-generation history into its growing footprint. Founded by Valerie and Tom Nugent Jr., Nugent Insurance Brokers has provided clients with top-tier...

GREENWOOD, Ind.--(BUSINESS WIRE)--Indiana American Water completed its $45 million acquisition of the Silver Creek Water Corporation (SCWC), as of November 6, 2024. The membership-owned water utility serves approximately 8,000 water customers from Silver Creek and Carr Townships in Clark County, and New Albany Township in Floyd County in southern Indiana. “Silver Creek Water Corporation has been a highly valued wholesale water customer, and we are thrilled to welcome their customers and employe...

JACKSONVILLE, Fla.--(BUSINESS WIRE)--Redwire Corporation (NYSE: RDW), a leader in space infrastructure for the next generation space economy, today announced results for its third quarter ended September 30, 2024. Redwire will live stream a presentation with slides on November 7, 2024 at 9:00 a.m. ET. Please use the link below to follow along with the live stream: https://event.choruscall.com/mediaframe/webcast.html?webcastid=NUi3LwfF “Mergers and acquisitions are a core strength of Redwire and...

SAN JUAN, Puerto Rico--(BUSINESS WIRE)--EVERTEC, Inc. (NYSE: EVTC) (“Evertec”, the “Company”, “we” or “our”) today announced results for the third quarter ended September 30, 2024. Third Quarter 2024 Highlights Revenue increased 22% to $211.8 million GAAP Net Income attributable to common shareholders increased 146% to $24.7 million and increased 153% to $0.38 per diluted share Adjusted EBITDA increased 11% to $87.4 million and Adjusted earnings per common share increased 8% to $0.86 Share repu...

RESTON, Va.--(BUSINESS WIRE)--Bowman Consulting Group Ltd. (Nasdaq: BWMN) (“Bowman” or the “Company”), a national engineering and infrastructure services firm supporting owners and developers of the built environment, today released financial results for the three and nine months ended September 30, 2024. “I’m pleased to report that we are delivering on our commitment to profitable growth,” said Gary Bowman, Chairman and CEO of Bowman. “For the first time in our history, we exceeded $100 millio...

COLLEGE PARK, Md. & VISTA, Calif.--(BUSINESS WIRE)--Today, IonQ (NYSE: IONQ) announced that it has reached a definitive agreement to acquire substantially all of the operating assets of Qubitekk, Inc., a leading Vista, CA-based quantum networking company. As part of the transaction, the Qubitekk team will join IonQ to further enhance IonQ’s leading position in the quantum networking industry. IonQ anticipates closing the acquisition within the next six months, subject to the satisfaction of cer...

DALLAS--(BUSINESS WIRE)--Generational Group, a leading mergers and acquisitions advisory firm for privately held businesses, is pleased to announce the sale of its client, North Country Wind Bells, Inc., to NCWB, LLC. The acquisition closed October 11, 2024. North Country Wind Bells, Inc., located in Round Pond, Maine, is a family-owned company founded in the early 1970s. It crafts durable, resonant wind bells inspired by New England’s coastal sounds. Each bell is proudly made in the USA from r...