Merger & Acquisition News

MURFREESBORO, Tenn.--(BUSINESS WIRE)--National HealthCare Corporation (NYSE American: NHC), a national leader in senior care, announced that on May 31, 2024 it entered a Purchase and Sale Agreement to acquire the White Oak Senior Living (“White Oak”) portfolio operating in North Carolina and South Carolina, including its long-term care pharmacy. White Oak’s portfolio consists of six skilled nursing facilities in North Carolina, three of which are continuing care retirement centers, and includin...

MCLEAN, Va.--(BUSINESS WIRE)--With nearly 350 existing lifestyle hotels and another 350 expected to join the portfolio by 2028, Hilton (NYSE: HLT) is set to double its presence in the fast-growing lifestyle category in the next four years. The recent addition of Graduate Hotels and NoMad to Hilton’s portfolio, coupled with increasing guest and owner demand, has positioned the company to further accelerate lifestyle category growth. After adding more than 50 new lifestyle hotels and approving an...

MIAMI--(BUSINESS WIRE)--EVI Industries, Inc. (NYSE American: “EVI”) announced today that it completed the acquisition of Dallas, TX based Ed Brown Distributors, a distributor of commercial laundry products and a provider of installation and maintenance services to the on-premise and vended laundry segments of the commercial laundry industry. Consideration for the purchase of Ed Brown was paid in cash. Henry M. Nahmad, EVI’s Chairman and CEO, commented: “With the acquisition of Ed Brown, we add...

WHITE PLAINS, N.Y.--(BUSINESS WIRE)--Marsh McLennan Agency, a subsidiary of Marsh, today announced that it has completed its previously announced agreement to acquire Jackson, Mississippi-based Fisher Brown Bottrell Insurance, Inc. from Trustmark National Bank. With the closing of this acquisition, Marsh McLennan Agency has gained a strong presence in Mississippi and strengthened its established footprint throughout Alabama and Florida. All Fisher Brown Bottrell employees will join Marsh McLenn...

BOSTON--(BUSINESS WIRE)--RWA Wealth Partners, a leading independent fiduciary responsible for $15 billion in client assets, today announced the promotion of Michelle Knight as the firm’s Chief Executive Officer. Most recently, Knight served as RWA Wealth’s President following the merger of Adviser Investments and Ropes Wealth Advisors. Prior to the merger, Knight served as CEO and Chief Economist at Ropes Wealth Advisors, helping to grow the firm to more than $7 billion in assets. The combined...

JERSEY CITY, N.J. & ROCHESTER, N.Y.--(BUSINESS WIRE)--Imperial Dade, a leading North American distributor of foodservice packaging supplies, industrial products, and janitorial supplies, today announced the acquisition of Regional Distributors, Inc. (the “Company”). The transaction represents the 88th acquisition for Imperial Dade under the leadership of Robert and Jason Tillis, Chairman and CEO of Imperial Dade, respectively. Financial terms of the private transaction were not disclosed. David...

SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence completed its acquisition of BETA CAE Systems International AG, a leading provider of multi-domain, engineering simulation solutions....

DAVIDSON, N.C.--(BUSINESS WIRE)--Curtiss-Wright to acquire Ultra Energy, provider of measurement and control solutions, and subsidiary of Ultra Electronics, for $200 million in cash....

HOUSTON--(BUSINESS WIRE)--Portabull Cold Storage® (Portabull) and Kelly Refrigeration and Freezer (Kelly) announce Portabull’s acquisition of Kelly’s electric cold storage container fleet, and the establishment of a Portabull operations hub in the Northeast. As a national provider of electric temporary on-site cold storage, Portabull brings Kelly’s current customers expanded access to the most advanced solutions on the market. “Portabull will build upon the quality offerings Kelly has always pr...

MINNEAPOLIS--(BUSINESS WIRE)--AVI Systems Acquires Commercial Division of Sound Pro....