Merger & Acquisition News

NEW YORK--(BUSINESS WIRE)--Amex GBT Provides CWT Acquisition Update: Transaction Now Expected to Close in the First Quarter of 2025...

HOUSTON--(BUSINESS WIRE)--Crescent Energy Company (NYSE: CRGY) ("Crescent" or the "Company"), today announced the closing of its acquisition of SilverBow Resources, Inc. (“SilverBow”). The transaction was closed ahead of schedule, and Crescent plans to provide pro forma second half 2024 guidance reflecting the acquisition, as well as issue its second quarter 2024 financial and operating results, after market close on August 5, 2024. A conference call is planned for August 6, 2024. The SilverBow...

MIAMI & HOUSTON--(BUSINESS WIRE)--I Squared Capital (“I Squared”), a leading independent global infrastructure investment manager, today announced that it has entered into an agreement to acquire Priority Power Management, LLC. (“Priority Power” or “the Company”). Based in The Woodlands, Texas, Priority Power is one of the largest independent providers of energy management services and infrastructure solutions for commercial and industrial customers across more than 40 U.S. states. Gautam Bhand...

DENVER--(BUSINESS WIRE)--G&A Partners, a leading national professional employer organization (PEO) and human resources outsourcing (HRO) provider, announced today the acquisition of Management Solutions Inc., a prominent PEO and HR management provider based in Denver, Colorado. Management Solutions Inc. was founded by Rick VanDyke and has been providing comprehensive human resources management services to fellow Colorado businesses since 2014. “Management Solutions represents our fifth acqu...

PHOENIX--(BUSINESS WIRE)--Effective July 30, 2024, Knight-Swift Transportation Holdings Inc. (NYSE: KNX) ("Knight-Swift" or the “Company”) acquired the operating assets and assumed certain liabilities of the non-union regional less-than-truckload (“LTL”) division (“DHE”) of Dependable Highway Express, Inc. (“Dependable”), based in Los Angeles, California. The acquisition is expected to be immediately accretive to Knight-Swift’s earnings per share. Knight-Swift CEO, Adam Miller, commented, “We a...

DETROIT--(BUSINESS WIRE)--Leading middle-market private equity firm Huron Capital (“Huron”) announced today that its portfolio company, Sunland Asphalt (“Sunland” or the “Company”), has acquired Georgia Paving, LLC (“Georgia Paving”). Headquartered in the greater Atlanta area, Georgia Paving began operations in 1996 and has established itself as one of the premier asphalt maintenance and paving companies in the region. Georgia Paving provides asphalt paving and maintenance, striping, seal coati...

NEW YORK--(BUSINESS WIRE)--Pagaya Technologies LTD. (NASDAQ: PGY) ("Pagaya" or “the Company”), a global technology company delivering AI-driven product solutions for the financial ecosystem, today announced that it has agreed to purchase 100% of Theorem Technology, Inc. (“Theorem”). Theorem has powered billions of dollars of credit investments across its network since its founding in 2014 with stable, long-term capital, utilizing its proprietary technology. The combination brings Theorem’s cons...

LOS ANGELES--(BUSINESS WIRE)--Angeles Equity Partners Portfolio Company Acieta Acquires Capital Industries...

VERNAL, Utah--(BUSINESS WIRE)--Superior Drilling Products, Inc. (NYSE American: SDPI) (“SDP” or the “Company”), a designer and manufacturer of drilling tool technologies, today announced that its shareholders voted to approve the acquisition of SDP by Drilling Tools International Corporation (“DTI”) (Nasdaq: DTI) at the special meeting of shareholders held yesterday. Troy Meier, SDP’s Chairman and CEO, stated, “We are pleased to have reached this important milestone and appreciate the support o...

VANCOUVER, British Columbia--(BUSINESS WIRE)--New Found Gold Corp. (“New Found” or the “Company”) (TSX-V: NFG, NYSE-A: NFGC) is pleased to announce that it has entered into three royalty purchase agreements (the “Royalty Purchase Agreements”) with arm’s length royalty holders (together, the “Vendors” and each, a “Vendor”), whereby New Found will purchase part of each Vendor’s royalty interest. Highlights: Pursuant to the Royalty Purchase Agreements, the Company will purchase, in aggregate, 0.6%...