Merger & Acquisition News

PUYALLUP, Wash.--(BUSINESS WIRE)--Pro-Vac, a leading provider of essential subsurface infrastructure services, announced today that it has acquired Hydromax, a leading provider of hydro excavation services in South Texas. The combination significantly enhances and expands Pro-Vac’s scale and geographic reach. The combination was supported by Gallant Capital Partners (“Gallant”), the majority owner of Pro-Vac, who will continue to invest significant capital into the combined business to further...

DALLAS--(BUSINESS WIRE)--Pioneer Natural Resources Company (NYSE:PXD) ("Pioneer" or "the Company") today issued the following statement in response to the decision by the U.S. Federal Trade Commission ("FTC") to clear the proposed merger with Exxon Mobil Corporation (NYSE: XOM) ("ExxonMobil") subject to a Consent Order based on allegations in a settlement Complaint directed at Mr. Sheffield: We disagree and are surprised by the FTC’s Complaint saying that Mr. Sheffield’s record and statements o...

SÃO PAULO--(BUSINESS WIRE)--Accenture has agreed to acquire SOKO, an independent Brazilian creative agency....

ARLINGTON, Texas--(BUSINESS WIRE)--Six Flags Entertainment Corporation (NYSE: SIX) (the “Company,” “Six Flags,” “we,” “us” or “our”), the world’s largest regional theme park company and the largest operator of water parks in North America, today announced that the Company and its wholly-owned subsidiary, Six Flags Theme Parks Inc. (“SFTP”), as co-issuers, have closed their private offering of $850 million aggregate principal amount of 6.625% Senior Secured Notes due 2032 (the “Notes”). As previ...

WHITE PLAINS, N.Y.--(BUSINESS WIRE)--Marsh McLennan Agency, a subsidiary of Marsh, today announced the acquisition of AC Risk Management (ACRM), an independent commercial lines brokerage based in Melville, New York. Terms of the acquisition were not disclosed. Founded in 2012, ACRM primarily offers property/casualty insurance to businesses in the region, with a particular focus on the construction industry. All ACRM employees, including CEO Matt Avellino, will continue working out of their exis...

MUNICH & ATLANTA--(BUSINESS WIRE)--TÜV SÜD announces the acquisition of the Sustainable Investment Group, LLC (SIG) and Green Building Education Systems, LLC (GBES). The international provider for testing and certification further expands its services and market presence in the field of sustainable buildings. SIG and GBES are based in Atlanta, USA. TÜV SÜD is one of the leading service providers for Testing, Inspection and Certification (TIC) worldwide. In the Real Estate and Infrastructure Div...

WATERTOWN, Mass.--(BUSINESS WIRE)--Mariana Oncology, a fully integrated biotechnology company pioneering a new era of radiopharmaceutical innovation to treat people with cancer, today announced it will be acquired by Novartis for $1 billion upfront and up to $750 million in potential milestone payments. The acquisition brings together Mariana Oncology’s innovative radiopharmaceutical pipeline and platform with the proven clinical development and commercialization expertise of Novartis. Mariana...

TORINO, Italy--(BUSINESS WIRE)--Bruker Corporation (Nasdaq: BRKR) is pleased to announce the closing of its acquisition of ELITechGroup (“ELITech”) for €870 million in cash, excluding the carved out ELITech clinical chemistry business. ELITech is a differentiated, fast growing and profitable provider of systems and assays for molecular diagnostics (MDx), biomedical systems/specialty IVD, and microbiology, with FY 2023 revenue of approximately EUR 150 million, and more than 80% consumables reven...

ATLANTA & CHARLOTTE, N.C.--(BUSINESS WIRE)--Kian Capital Partners, a lower-middle-market-focused private investment firm, is pleased to announce the recent exit of its investment in The Purple Guys through a sale to Ntiva, Inc., a portfolio company of PSP Capital. Kian’s blueprint for enduring value and commitment to building genuine partnerships with company owners were instrumental in driving a successful outcome. Kian partnered with the executive leadership team to grow the company from a re...

CHICAGO--(BUSINESS WIRE)--Monroe Capital LLC (“Monroe”) announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility and equity co-investment to support the acquisition of LidoChem, Inc. (“LidoChem”) by Valudor Products, LLC (“Valudor Products”). Based in Encinitas, CA, Valudor Products is a market leader in the sourcing of chemical raw materials in the agricultural and industrial space in Canada, United States and Latin-America. Valudor Products...