Merger & Acquisition News

ST. LOUIS PARK, Minn. & MINNETONKA, Minn.--(BUSINESS WIRE)--Bridgewater Bancshares, Inc. (Nasdaq: BWB) (“Bridgewater”), the parent company of Bridgewater Bank, and First Minnetonka City Bank announced today the signing of a definitive merger agreement under which Bridgewater Bank would acquire First Minnetonka City Bank in an all-cash transaction. At the closing of the transaction, First Minnetonka City Bank will merge with and into Bridgewater Bank. The combined organization is expected to hav...

TORONTO--(BUSINESS WIRE)--Carbon6, the leading software platform for Amazon businesses, has announced its acquisition of Junglytics, an AI-powered business intelligence product designed to enhance data-driven decision-making for sellers. This strategic acquisition strengthens Carbon6’s capabilities by integrating Junglytics' cutting-edge AI technology with Carbon6's industry-leading data platform, offering sellers a game-changing tool for optimizing operations and maximizing profitability. “Thi...

NEW YORK--(BUSINESS WIRE)--Sound Point Capital Management (“Sound Point”) is pleased to announce that it acted as Administrative Agent on a senior secured credit facility to support I.D. Images’ (“ID” or the “Company”) acquisition of Les Etiquettes Modernes (“LEM”). Sole Source Capital (“Sole Source”) has sponsored the Company since July 2021. Over the course of Sole Source’s ownership and including LEM, ID has acquired eight businesses. Founded in 1955 and headquartered in Brunswick, Ohio, the...

SAN MATEO, Calif.--(BUSINESS WIRE)--Brilliant, the designer and manufacturer of innovative smart home controls and home automation systems shares its acquisition by Almeida Strategic Investments, led by brothers Evan and Michael Almeida, in partnership with David Blum, owner of Cullinan Holdings. The private investment fuels the next generation of innovation for Brilliant’s award-winning smart home controls, switches, and plugs trusted in thousands of homes in North America. The new organizatio...

HOBOKEN, N.J.--(BUSINESS WIRE)--Faropoint, a leading tech-enabled US industrial real estate investment manager, today announced the off-market acquisition of a 16-building portfolio across two key logistics markets, Jacksonville, FL, and Memphis, TN. The portfolio, totaling 1.7 million square feet, was acquired for $105 million. The transaction was brokered by Eastdil Secured and completed in less than 45 days. This multi-market acquisition, featuring four buildings in Jacksonville and twelve b...

ROSEMONT, Ill.--(BUSINESS WIRE)--Foam Holdings, Inc. (d/b/a “Alleguard”), a Wynnchurch Capital, L.P. (“Wynnchurch”) portfolio company, announced the acquisition of Harbor Foam, LLC (“Harbor Foam” or the “Company”). Headquartered in Grandville, Michigan, Harbor Foam is a manufacturer of expanded polystyrene (“EPS”) and serves a diverse customer base across the construction, packaging, recreational vehicles, and general industrial end markets. Paul Ciolino, CEO of Alleguard, said, “We’re thrilled...

ORLANDO, Fla.--(BUSINESS WIRE)--Qualus Corporation (“Qualus”), a leading pure-play power services firm and innovator at the forefront of the energy transition, announced today that it has entered into a definitive agreement to acquire Planet Forward Energy Solutions, LLC (“PFES”), a specialized and differentiated provider of program management and strategic advisory services to the power industry and utilities. PFES will bring to Qualus deep expertise and resources in multi-disciplinary program...

HOUSTON--(BUSINESS WIRE)--Dril-Quip, Inc. (NYSE: DRQ) (“Dril-Quip” or the “Company”) today commented on the report issued by Glass, Lewis & Co. (“Glass Lewis”) on August 23, 2024 and updated on August 27, 2024 in connection with the Company’s proposed merger with Innovex Downhole Solutions, Inc. (“Innovex”). Dril-Quip and its Board of Directors strongly disagree with the review and recommendations issued by Glass Lewis. Dril-Quip and its Board of Directors believe the report should be revis...

MCKINNEY, Texas & BERGAMO, Italy--(BUSINESS WIRE)--StatLab Medical Products (“StatLab”), a leading global developer and manufacturer of medical diagnostic supplies and equipment, today announced that it has reached an agreement to acquire Diapath S.p.A. (“Diapath”), a prominent Italian manufacturer of histology and cytology products and equipment. The integration of Diapath, with its highly innovative equipment offerings, manufacturing capabilities, and established customer base across Europe,...

MIAMI--(BUSINESS WIRE)--Ryder System, Inc. (NYSE: R), a leader in supply chain, dedicated transportation, and fleet management solutions, announces its recognition as one of the Top 10 3PLs in the 2024 Readers’ Choice Excellence Awards by Inbound Logistics. This is the third consecutive year Ryder has been named a Top 10 3PL as voted by readers of Inbound Logistics. “In today's dynamic and complex supply chain landscape, businesses seek 3PL partners that can deliver exceptional results amidst u...