Merger & Acquisition News

GRAND FORKS, N.D. & ROCHESTER, Minn.--(BUSINESS WIRE)--Alerus Financial Corporation (Nasdaq: ALRS) and its wholly owned subsidiary, Alerus Financial, National Association, (together, “Alerus”) announced today they have received all regulatory approvals necessary to complete the previously announced acquisition of HMN Financial, Inc. (Nasdaq: HMNF) and its wholly owned subsidiary, Home Federal Savings Bank (together, “Home Federal”). The merger was unanimously approved by the board of directors...

NEW YORK & MEXICO CITY--(BUSINESS WIRE)--Ares Management Corporation (NYSE: ARES) (“Ares”) announced today that one of its subsidiaries has entered into a definitive agreement to acquire 100% of Walton Street Capital Mexico S. de R.L. de C.V. and certain of its affiliates (“Walton Street Mexico”), a leading real estate asset management platform focused primarily on the industrial sector with US$2.1 billion in assets under management as of June 30, 2024, from Walton Street Capital, L.L.C. (“Walt...

MINNEAPOLIS--(BUSINESS WIRE)--Graco Inc. (NYSE:GGG) announced today that it has entered into a definitive agreement to acquire Corob S.p.A. (“Corob”) for €230 million, subject to customary adjustments, with up to €30 million in additional contingent consideration. The transaction is expected to close in Graco’s fiscal fourth quarter following the satisfaction of customary closing conditions. Corob had revenue of €110 million in 2023. “The addition of Corob to our portfolio builds on our strong...

SAN RAMON, Calif.--(BUSINESS WIRE)--Grid Dynamics Holdings, Inc. (NASDAQ: GDYN) (Grid Dynamics), a leading provider of technology consulting, platform and product engineering, AI, and digital engagement services, today announces its acquisition of JUXT, a UK-based provider of software engineering services specializing in data-intensive information systems for banking and other financial institutions, with a particular focus on risk platforms, structured notes, equity derivatives, and financial...

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, Ray the Mover to PackGistics. The acquisition closed September 6, 2024. Located in Naples, Florida, Ray the Mover, established in 1981, is a leading moving and storage company offering a comprehensive range of services for both residential and commercial clients. Specializing in local, long-distance, and international moves,...

SACRAMENTO, Calif.--(BUSINESS WIRE)--Inszone Insurance Services, a rapidly growing national provider of commercial, personal, and benefits insurance, is thrilled to announce the acquisition of ISU Francis-Pinney Insurance Services, Inc. This acquisition will expand Inszone's footprint in California and enhance its ability to offer comprehensive and customized insurance solutions to clients. Founded as a startup division, ISU Francis-Pinney Insurance Services has a rich history of growth and tra...

ANTWERP, Belgium--(BUSINESS WIRE)--Regulatory News: Azelis (Brussels:AZE), a leading innovation service provider in the specialty chemicals and food ingredients industry, announces that it has signed an agreement to acquire 100% of the shares of Hortimex Sp. z o.o. (‘Hortimex’), a specialty chemicals distributor active in the food ingredients and nutraceuticals segments serving the Polish market. The acquisition expands the group’s footprint in Poland, complementing Azelis’ lateral value chain...

CALGARY, Alberta--(BUSINESS WIRE)--Axis Insurance Managers Inc. (Axis Insurance) is excited to announce the acquisition of Baker Insurance, a respected property and casualty brokerage based in Calgary. This strategic move strengthens Axis’ presence in the region and enhances its ability to provide expert risk management solutions. Founded in 1976 and rebranded as Baker Insurance Ltd. following its acquisition by Ed Baker in 2006, the company has established a strong reputation for managing comp...

NEW YORK--(BUSINESS WIRE)--Focus Financial Partners Inc., a leading partnership of fiduciary wealth management and related financial services firms, announced today that it has entered into a definitive agreement under which Custom Portfolio Group LLC (“CPG”) will formally join Focus partner firm Transform Wealth LLC (“Transform”). Both CPG and Transform are headquartered in the Denver area. The transaction is expected to close in the fourth quarter of 2024, subject to customary closing conditi...

DALLAS--(BUSINESS WIRE)--Avantax® Inc. (Avantax), a unique community within Cetera Holdings and a leader in tax-focused financial planning and wealth management, has acquired SEP Financial Services, founded by veteran independent financial advisor Stephen E. Plain, who’s been affiliated with Avantax for 25 years. Plain chose to evolve his relationship with Avantax as the core to his succession plan, which involves his practice and clients transitioning to Avantax Planning Partners℠ (APP), the e...