Merger & Acquisition News

MIAMI--(BUSINESS WIRE)--I Squared Capital, a leading independent global infrastructure investment manager, today announced a transaction to combine the North American operations of two of its portfolio companies. The recently rebranded Transportation Equipment Network, “TEN” (f.k.a. Star Leasing), will acquire TIP Canada, the Canadian subsidiary of Europe-based TIP Group. TIP Canada is the Canadian subsidiary of TIP Group, a leading player in the Canadian trailer leasing and rental market with...

ATLANTA--(BUSINESS WIRE)--Brightwell, an Atlanta-based global payments technology company, announced today the strategic acqui-hire of 23 full-time professionals from strategy, design and research firm Three Five Two in a major expansion of its high-tech talent. This acqui-hire marks a significant step forward for Brightwell and will bolster its capabilities in technical product design, product development, and innovation and will strengthen Brightwell’s ability to deliver reliable cross-border...

HERNDON, Va.--(BUSINESS WIRE)--Beacon (Nasdaq: BECN) announced today that it has completed the acquisition of General Siding Supply (“General Siding”) headquartered at its Omaha, NE branch, with four additional branches located in Lincoln, NE, Grand Island, NE, Sioux City, IA and West Fargo, ND. For nearly 50 years, General Siding has provided building supplies including siding, windows, and doors to Midwest contractors. “Beacon is a great place to work, and our employees are excited to join th...

NEW YORK--(BUSINESS WIRE)--Taro Announces Extraordinary General Meeting and Ordinary Class Meeting of Shareholders for Approval of Merger with Sun Pharmaceutical Industries Ltd....

NEW BRIGHTON, Minn.--(BUSINESS WIRE)--APi Group Corporation (NYSE: APG) (“APi” or the “Company”) today announced that it has entered into a definitive agreement to acquire Elevated Facility Services Group (“Elevated”), a premier provider of contractually based services for all major brands of elevator and escalator equipment. Elevated will be acquired by APi from a fund managed by L Squared Capital Partners for approximately $570 million in cash, subject to working capital and other standard ad...

FOSTER CITY, Calif.--(BUSINESS WIRE)--Silicon Valley-based Mattson, the country’s leading food and beverage product development firm, is excited to announce its expansion with the opening of Mattson Chicago, marking its first location beyond the San Francisco Bay Area. For 46 years Mattson has developed innovative food and beverage products for a wide range of clients from venture-backed entrepreneurs to global corporations, generating billions of dollars of sales. With the strategic acquisitio...

MCKINNEY, Texas--(BUSINESS WIRE)--Encore Wire (NASDAQ: WIRE) today announced that it has entered into a definitive merger agreement under which Prysmian (BIT: PRY) will acquire Encore Wire for $290.00 per share in cash (the “Transaction”). The Transaction represents a premium of approximately 20% to the 30-day volume weighted average share price (VWAP) as of Friday, April 12, 2024 and approximately 29% to the 90-day VWAP as of the same date. At the terms of the Transaction, Encore Wire’s implie...

LOS ANGELES--(BUSINESS WIRE)--Learn CW Investment Corporation (the “Company,” “we” or “our”), a special purpose acquisition company, announced today that it has further extended the period of time the Company will have to consummate its initial business combination by an additional one month from April 13, 2024 to May 13, 2024 (the “Extension”) through the timely deposit of an aggregate of $150,000 into the Company’s trust account. This Extension is the seventh of up to twelve one-month extensi...

LEBANON, Ohio--(BUSINESS WIRE)--LCNB Corp. (“LCNB”) (Nasdaq: LCNB) today announced that it completed the acquisition of Eagle Financial Bancorp, Inc. (“EFBI” or “Eagle”) and the merger of EAGLE.bank with and into LCNB National Bank. The transaction creates an independent community bank with over $2.5 billion in total assets. President and CEO of LCNB, Eric Meilstrup, stated, “We are excited to complete the Eagle transaction following the November 2023 acquisition of Cincinnati Federal. As a res...

REDWOOD CITY, Calif. & DUBLIN--(BUSINESS WIRE)--The Board of MariaDB plc (NYSE: MRDB) (“MariaDB” or the “Company”) confirms that the Irish Takeover Panel has consented, at the request of the board of directors of the Company (the "Board") made in accordance with Rule 2.6(c) of the Irish Takeover Rules, to the extension to 5:00 pm (New York time) on Monday, April 22, 2024 (the "Further Extended Deadline") of the extended deadline of 12 April 2024 granted by the Panel on 29 March 2024, by which K...