Merger & Acquisition News

SCOTTSDALE, Ariz. & LAS VEGAS--(BUSINESS WIRE)--Gresham Worldwide, Inc. and Ault Disruptive Technologies Corporation Announce Merger Agreement with Combined Company Renamed Gresham Worldwide, Inc....

DENVER--(BUSINESS WIRE)--Advanced Energy Industries, Inc. (Nasdaq: AEIS), a global leader in highly engineered, precision power conversion, measurement and control solutions, today announced the acquisition of Airity Technologies, a Redwood City, California-based provider of next-generation, high voltage power conversion products and technologies for applications in semiconductor, industrial and medical markets. Airity Technologies adds a portfolio of Gallium Nitride (GaN) based high frequency,...

COLUMBUS, Ohio--(BUSINESS WIRE)--CST Utilities (CST) announced the acquisition of Precise Boring of Ohio, a provider of essential infrastructure utility services across the state of Ohio. This strategic acquisition marks a significant expansion of CST’s footprint and service offerings in the Midwest and reinforces its commitment to delivering reliable utility solutions to local communities. Steven Besse, President, and Chief Executive Officer of CST Utilities, expressed his enthusiasm about the...

LONDON--(BUSINESS WIRE)--TrustQuay Viewpoint, a global SaaS provider to the Wealth, Trust and Corporate services (TCSP) industry has rebranded to Quantios, as the business sets out its mission to lead digital transformation in the sector. This rebrand, following the merger between TrustQuay and Viewpoint in May 2023, is the final step in the consolidation of the two companies and marks a new beginning, solidifying Quantios as a global player. Drawing on the heritage and expertise of TrustQuay a...

CHARLOTTE, N.C.--(BUSINESS WIRE)--RXO (NYSE: RXO) has entered into a definitive agreement to acquire Coyote Logistics, an asset-light freight brokerage business, for $1.025 billion from UPS. This acquisition will enhance RXO’s market position, diversify and expand its customer base, and broaden its carrier network. At closing, RXO will be the third-largest provider of brokered transportation in North America. “RXO’s highly accretive acquisition of Coyote will immediately increase the scale of o...

OMAHA, Neb.--(BUSINESS WIRE)--AMCON Distributing Company (“AMCON”) (NYSE American: DIT), an Omaha, Nebraska-based Convenience and Foodservice Distributor, is pleased to announce the closing of its previously announced acquisition of Richmond Master Distributors, Inc., of South Bend, Indiana. AMCON, and its subsidiaries Team Sledd, LLC and Henry’s Foods, Inc., is a leading Convenience and Foodservice Distributor of consumer products, including beverages, candy, tobacco, groceries, foodservice, f...

MECHANICSBURG, Pa.--(BUSINESS WIRE)--Pennsylvania American Water filed an application today with the Pennsylvania Public Utility Commission (PUC) seeking approval to acquire the East Dunkard Water Authority (EDWA) water system. Pennsylvania American Water signed an asset purchase agreement with EDWA to purchase its water system assets for $5 million in July 2023. "Our application with the PUC is another milestone in restoring confidence among EDWA customers in the safety and reliability of thei...

GREENWICH, Conn.--(BUSINESS WIRE)--Littlejohn & Co., LLC (“Littlejohn”) announced today that it has made a significant minority preferred equity investment in Great Day Improvements (“Great Day”), a vertically integrated, direct-to-consumer provider of premium home improvement products. The proceeds from this structured capital investment will be used to support Great Day’s acquisition of ELM Home & Building Solutions, including its well-known brands, Englert® and LeafGuard®. “We are pl...

LONDON--(BUSINESS WIRE)--KKR, a leading global investment firm, today announces the acquisition of Superstruct Entertainment (“Superstruct” or the “Company”), from Providence Equity Partners (“Providence”), a premier private equity firm specializing in growth-oriented investments in media, communications, education and technology. Financial terms of the transaction were not disclosed. Superstruct is an entrepreneurial and leading European live entertainment group, owning and operating over 80 m...

RICHMOND, Va.--(BUSINESS WIRE)--Apple Hospitality REIT Acquires the Embassy Suites by Hilton Madison Downtown...