Merger & Acquisition News

RADNOR, Pa.--(BUSINESS WIRE)--Lincoln Financial Group (NYSE: LNC) today announced that it has completed the sale of its wealth management business, including all ownership interests in the Lincoln subsidiary entities comprising that business, to Osaic, Inc. (Osaic), one of the nation’s largest providers of wealth management solutions. The sale provides Lincoln with approximately $650 million of capital benefit, which the company will primarily use to increase its risk-based capital ratio. Linco...

NEW YORK--(BUSINESS WIRE)--Focus Financial Partners Inc. (“Focus”), a leading partnership of fiduciary wealth management and related financial services firms, announced today at its semi-annual partners meeting that it is in advanced discussions to enter into a definitive agreement under which Focus partner firm Buckingham Strategic Wealth, LLC (“Buckingham”), headquartered in St. Louis, will combine with Focus firm The Colony Group, LLC (“Colony”). Adam Birenbaum, currently Chairman and CEO of...

DANVERS, Mass.--(BUSINESS WIRE)--Network Coverage, a best-in-class technology solutions provider, is excited to announce the acquisitions of MadWolf Technologies and The Lloyd Group....

WHEATON, Ill.--(BUSINESS WIRE)--First Trust Advisors L.P. (“FTA”) announced today that the mergers of First Trust Energy Income and Growth Fund (NYSE American: FEN), First Trust MLP and Energy Income Fund (NYSE: FEI), First Trust New Opportunities MLP & Energy Fund (NYSE: FPL), and First Trust Energy Infrastructure Fund (NYSE: FIF) (the “Target Funds” or each, individually, a “Target Fund”), into FT Energy Income Partners Enhanced Income ETF (NYSE Arca: EIPI), were successfully completed pr...

MARLBOROUGH, Mass.--(BUSINESS WIRE)--Ambri, the provider of long-duration Liquid Metal™ battery storage systems, today announced that it has agreed to the terms of a stalking horse purchase agreement with a consortium of its lenders (the "Lender Consortium"), pursuant to which the Lender Consortium would acquire substantially all of the assets of the Company, subject to higher and better bids from other parties during an expedited sale process. To facilitate the sale, Ambri has filed voluntary...

NEW YORK--(BUSINESS WIRE)--Intain Inc., a pioneer in digital structured finance, has announced today the acquisition of IN-D.ai, a company specializing in the transformation of unstructured documents and data into actionable insights.IN-D.ai, headquartered in Singapore, with a development team in India, started in 2019 with Intain’s then AI Lab forming its core. As an independent venture, over the last five years, IN-D.ai expanded its reach beyond its initial focus, collaborating with prominent...

FORT WORTH, Texas--(BUSINESS WIRE)--Junction Industries, a leading innovator in advanced automation and infrastructure solutions, is thrilled to announce the acquisition of Skyline Parking, a pioneering company specializing in automated vehicle storage and retrieval. Skyline Parking AG, based in Zuzwil, Switzerland is wholly owned by the Junction Industries US subsidiary, Skyline Automation LLC. Skyline Parking is renowned for its cutting-edge technology, marked by fully automated, conveyor-bas...

JERSEY CITY, N.J. & DECATUR, Ill.--(BUSINESS WIRE)--Imperial Dade, a leading North American distributor of foodservice packaging supplies, industrial products, and janitorial supplies, today announced the acquisition of R.D. McMillen, Inc. (“RDM” or the “Company”). The transaction represents the 85th 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. With h...

NEW YORK & AMSTERDAM--(BUSINESS WIRE)--Global Publisher Simon & Schuster Acquires Dutch Book Publisher Veen Bosch & Keuning, Reinforcing its International Ambitions....

CLEVELAND--(BUSINESS WIRE)--Applied Industrial Technologies (NYSE: AIT) today announced the closing of its acquisition of Grupo Kopar (Kopar), a provider of emerging automation technologies and engineered solutions. Kopar is based in Monterrey, Mexico. The acquisition closed on May 1st and terms of the transaction were not disclosed. Neil A. Schrimsher, President & Chief Executive Officer for Applied, commented, “We are pleased to officially welcome Kopar to Applied. This acquisition repres...