Merger & Acquisition News

EDEN PRAIRIE, Minn.--(BUSINESS WIRE)--Surmodics, Inc. (Nasdaq: SRDX), a leading provider of medical device and in vitro diagnostic technologies to the healthcare industry, today reported financial results for its third quarter ended June 30, 2024. Third Quarter Fiscal 2024 Financial Summary Total Revenue of $30.3 million, compared to $52.5 million in the prior-year period which included $24.6 million in license fee revenue recognized upon receipt of a $27.0 million milestone payment associated...

PARIS--(BUSINESS WIRE)--Veolia announces the sale of its sulfuric acid regeneration business in North America for $620 million....

NEW YORK--(BUSINESS WIRE)--Today, Avantus, a premier U.S. developer of utility-scale solar and solar-plus-storage projects, and KKR, a leading global investment firm, announced the completion of the acquisition of a majority equity interest in Avantus by investment funds and accounts managed by KKR. Coinciding with the close of the transaction, Avantus has secured a $522 million development facility arranged by KKR Capital Markets and Sumitomo Mitsui Banking Corporation (SMBC). The facility pro...

MAUMEE, Ohio--(BUSINESS WIRE)--Acieta, a leader in industrial robotic automation solutions, is excited to announce the acquisition of Capital Industries, a distinguished player in material handling, assembly systems, feeding systems, test systems, and control systems. This strategic acquisition enhances our ability to deliver unmatched expertise and innovative solutions to manufacturers, reinforcing our commitment to providing ‘Your Automation Edge’. "We are excited to join forces with Acieta,...

FRANKLIN, Tenn.--(BUSINESS WIRE)--Community Health Systems, Inc. (NYSE: CYH) announced today that certain subsidiaries of the Company have entered into a definitive agreement to sell three Pennsylvania hospitals – 186-bed Regional Hospital of Scranton and 122-bed Moses Taylor Hospital in Scranton, 369-bed Wilkes-Barre General Hospital in Wilkes-Barre, and certain related businesses to affiliates of WoodBridge Healthcare, Inc. for $120 million, inclusive of a $10 million prepayment for services...

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, O-D Tool & Cutter, Inc., to Arch Cutting Tools, LLC. The acquisition closed July 22, 2024. Located in Mansfield, Massachusetts, O-D Tool & Cutter, Inc., established in 1959, is a family-owned business specializing in CNC tool grinding. They offer comprehensive services, including tool design, manufacturing, sharpening...

VERNAL, Utah--(BUSINESS WIRE)--Superior Drilling Products Announce Preliminary Results for Election of Form of Merger Consideration...

SAN FRANCISCO--(BUSINESS WIRE)--ClickHouse, Inc., the company behind the world’s fastest and most popular real-time analytical database, is thrilled to announce the acquisition of PeerDB, a leading provider of change data capture (CDC) solutions for Postgres databases. This strategic acquisition underscores ClickHouse’s commitment to delivering unparalleled real-time analytics and data integration capabilities to its customers. PeerDB’s technology significantly reduces the time it takes to conn...

FAIRFIELD, N.J.--(BUSINESS WIRE)--Kept Companies announced today the successful acquisition of CarePro National Painting, marking its 134th acquisition since the company was originally founded in 1973. CarePro’s operations will remain unchanged, maintaining its headquarters in Nashville, TN. This acquisition will enable CarePro to leverage Kept Companies’ larger, self-performing national network to expand its service offerings and commercial painting capacity. “What CarePro has built over the y...

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--L Squared Capital Partners (“L Squared”) and CogneSense are pleased to announce that they have completed the acquisition of L&J Technologies (“L&J”). L&J is the first acquisition made by CogneSense since its founding by L Squared in late 2023. CogneSense, led by Paul Dhillon, is pursuing a buy and build strategy with a focus on combining longstanding, trusted, and leading environmental sensing, measurement, monitoring, and control businesses w...