Merger & Acquisition News

CHICAGO & ELMWOOD PARK, Ill.--(BUSINESS WIRE)--Byline Bancorp, Inc. (“Byline”) (NYSE: BY), and First Security Bancorp, Inc. (“First Security Bancorp”) today jointly announced that they have entered into a definitive merger agreement pursuant to which First Security Bancorp and its wholly owned subsidiary, First Security Trust and Savings Bank (“First Security”), will combine with Byline Bancorp, Inc. in a cash and stock transaction valued at approximately $41.0 million based upon Byline’s closi...

NEW YORK & ATLANTA--(BUSINESS WIRE)--Veritas Capital (“Veritas”), a leading investor at the intersection of technology and government, announced today that it has completed the acquisition of the Digital Banking business of NCR Voyix Corporation (NYSE: VYX) (“NCR Voyix”), a leading global provider of cloud-based, digital commerce solutions. In conjunction with the close of the transaction, the Digital Banking business has been rebranded as Candescent and is now a privately held company. Candesc...

WINSTON-SALEM, N.C.--(BUSINESS WIRE)--HanesBrands Inc. (NYSE: HBI), a global leader in iconic apparel brands, today announced that it has completed the sale of the intellectual property and certain operating assets of the Company’s global Champion business to Authentic Brands Group (“Authentic”). “Today marks a major milestone on our journey to strengthen and simplify our business and is the culmination of a significant team effort to position HanesBrands on the optimal path for the future,” sa...

SANTA MONICA, Calif.--(BUSINESS WIRE)--An affiliate of Balmoral Funds LLC has successfully acquired and rebranded Sensata Technologies' (NYSE: ST) Insights business unit as Xirgo Technologies. This strategic move establishes Xirgo as an independent leader in IoT solutions, primed for accelerated growth and innovation. Chris Wolfe, an IoT industry veteran with extensive leadership experience, including roles as CEO of PowerFleet and President of OmniTRACS, has been appointed CEO of Xirgo Technol...

LOS ANGELES & WILSONVILLE, Ore.--(BUSINESS WIRE)--DWFritz Automation (“DWF” or the “Company”), a leading provider of customized nano-automation solutions and precision metrology, has been acquired from Sandvik AB (OM: SAND) by an affiliate of Balmoral Funds LLC. Balmoral's acquisition partners include industry veterans Michael Pacione, Paul Cihak, Tyler McCoy, and Jason Darley, who will serve as owners and board members, bringing their expertise in automation, semiconductor, and A&D technol...

PALO ALTO, Calif.--(BUSINESS WIRE)--Science Exchange, a leading provider of life sciences procurement and supplier management SaaS solutions, today announced its acquisition by Waud Capital Partners (“Waud Capital”), a growth-oriented middle-market private equity firm specializing in the software & technology and healthcare sectors. This acquisition marks a significant milestone in Science Exchange’s journey and will compound the company’s impressive performance, growth trajectory, and soft...

WILMINGTON, Mass. & STOCKTON-ON-TEES, England--(BUSINESS WIRE)--Spectra Medical Devices Acquires XL Precision Technologies...

AUSTIN, Texas--(BUSINESS WIRE)--Davenforth has launched a new Managed IT, Voice, and Networking Platform, with two initial acquisitions. Davenforth has acquired TeleCloud, based in Dallas, TX and Third Generation, based in Pittsburgh, PA. As a result of these two acquisitions, the platform will service 21,500 users across 900 businesses. The companies will maintain their independent operations, with the existing leadership teams of both businesses remaining in place to ensure continuity and pre...

NEW YORK--(BUSINESS WIRE)--Hess Announces HSR Clearance Of Chevron-Hess Merger...

SAN RAMON, Calif.--(BUSINESS WIRE)--Chevron Corporation (NYSE: CVX) today announced the Federal Trade Commission (FTC) completed antitrust review of the company’s merger with Hess Corporation (NYSE: HES), satisfying a key closing condition for the transaction. “This is an important step toward completing the merger, which will benefit our shareholders, the industry, and the country of Guyana, and add world class assets to our already advantaged portfolio,” said Chevron Chairman and CEO Mike Wir...