Merger & Acquisition News

ALEXANDRIA, Va.--(BUSINESS WIRE)--Virginia American Water announced today it has closed the acquisition of the drinking water and wastewater system assets of the Town of Cape Charles, Virginia for $15 million. This acquisition brings approximately 1,400 water and wastewater customers to Virginia American Water and is the second to be completed by the company under the Fair Market Value Legislation enacted by the Virginia General Assembly in 2020. As part of the acquisition, Virginia American Wa...

STAMFORD, Conn.--(BUSINESS WIRE)--United Rentals, Inc. (NYSE: URI) today announced financial results for the first quarter of 2024 and raised its full-year 2024 guidance to include the expected financial contribution from the company’s acquisition of Yak1 on March 15, 2024. First Quarter 2024 Highlights Total revenue of $3.485 billion, including rental revenue2 of $2.929 billion. Net income of $542 million, at a margin3 of 15.6%. GAAP diluted earnings per share of $8.04, and adjusted EPS4 of $9...

CAMBRIDGE, England--(BUSINESS WIRE)--Mundipharma* today announced the acquisition of all assets and rights related to rezafungin globally from Cidara Therapeutics. This provides Mundipharma with global ownership of rezafungin including ongoing development and distribution. Rezafungin is a novel once-weekly echinocandin indicated for the treatment of invasive candidiasis in adults.1 Invasive candidiasis, is a severe, life-threatening infection of the bloodstream and/or deep/visceral tissues.2,3...

CHICAGO--(BUSINESS WIRE)--Cultivate Brands, the business and financial advising powerhouse, acquires Petra Coach, the executive and leadership team coaching firm....

HOUSTON & OKLAHOMA CITY--(BUSINESS WIRE)--Merichem Technologies (the “Company”), a portfolio company of Black Bay Energy Capital (“Black Bay”), announced today the closing of its acquisition of Chemical Products Industries (“CPI”), a provider of novel chemistries for sulfur removal and industrial cleaning applications. CPI’s flagship product line, the SULFURTRAP® family of adsorbents, delivers a highly efficient, lower cost, and environmentally friendly solution for sulfur contaminants in natur...

WILMINGTON, Del.--(BUSINESS WIRE)--DāSTOR expands with a strategic acquisition of a Delaware data center, boosting capacity for cloud and AI services along the I-95 corridor....

HOUSTON--(BUSINESS WIRE)--Godspeed Capital Management LP (“Godspeed”), a lower middle market Defense & Government services, solutions, and technology focused private equity firm, today announced the acquisition of IDCUS Inc. (“IDCUS”) under ICE USA, its transportation-focused engineering and consulting services and solutions platform holding company. The transaction marks the first addition to Godspeed’s expanding ICE USA platform and deepens its planning, civil engineering, and constructio...

LOS ANGELES--(BUSINESS WIRE)--In a move poised to reshape the digital media landscape, media veterans Jarret Myer, Rich Antoniello, and will.i.am announce the formation of UPROXX Studios. This powerhouse independent company emerged from the strategic acquisition of Uproxx, HipHopDX, Dime Magazine, and other leading media assets from Warner Music Group (WMG). The creation of UPROXX Studios also includes the exclusive license to represent WMG’s coveted YouTube inventory for all media sales in the...

ALEXANDRIA, Va.--(BUSINESS WIRE)--VSE Corporation (“VSE” or the “Company”) (NASDAQ: VSEC), a leading provider of aftermarket distribution and repair services, announced today that the Company has closed its previously announced acquisition of Turbine Controls, LLC (f/k/a Turbine Controls, Inc.) (“TCI”), a leading provider of aftermarket support services for the repair and overhaul of engine components and engine and airframe accessories. MANAGEMENT COMMENTARY “We are very pleased to officially...

TAMPA BAY, Fla.--(BUSINESS WIRE)--KnowBe4, the provider of the world’s largest security awareness training and simulated phishing platform, today announced it has entered into a definitive agreement to acquire Egress, a leader in adaptive and integrated cloud email security. Egress’ Intelligent Email Security suite provides a set of scaled, AI-enabled security tools with adaptive learning capabilities to help prevent, protect and defend organizations against sophisticated email cybersecurity th...