Merger & Acquisition News

PARADISE VALLEY, Ariz.--(BUSINESS WIRE)--A joint venture between Partners Group, a leading global private markets firm, acting on behalf of its clients, and funds managed by Trinity Investments (“Trinity”), announced today the acquisition of The Scottsdale Plaza Resort & Villas (the “Resort”), located in Paradise Valley, Arizona. The Scottsdale Plaza Resort & Villas features 404 rooms spread across the central hotel and surrounding villa suites, as well as 50,000 square feet of meeting...

NEW YORK & DALLAS--(BUSINESS WIRE)--Ascendant Capital Partners ("Ascendant"), a vertically integrated real estate investment and operating platform, and Culver Investment Partners ("CIP"), a multifamily investment platform focused on existing core-plus and value-add multifamily communities, today announced the acquisition of the Elle Collection portfolio in the Texas Medical Center area, a populous and growing submarket of Houston, TX, for approximately $60 million. The acquisition marks Ascend...

PHOENIX & BEVERLY, Mass.--(BUSINESS WIRE)--Beyond Risk Topco Holdings, LP LLC (“Beyond Risk”), a leader in employee benefits alternative risk financing solutions, is pleased to announce that SL Management Partners, LLC (“SL Management Partners”), a leader in employee benefits medical stop loss (“MSL”), has joined the Beyond Risk family of partner companies. This strategic acquisition marks a significant milestone in our mission to provide a comprehensive offering of self-funded employee medical...

NEW YORK & DENVER--(BUSINESS WIRE)--Blackstone (NYSE: BX) and Apartment Income REIT Corp. (NYSE: AIRC) (“AIR Communities” or the “Company”) today announced that they have entered into a definitive agreement under which Blackstone Real Estate Partners X (“Blackstone”) will acquire all outstanding common shares of AIR Communities for $39.12 per share in an all-cash transaction valued at approximately $10 billion, including the assumption of debt. The purchase price represents a premium of 25% to...

IRVINE, Calif.--(BUSINESS WIRE)--Alliant Insurance Services has acquired Property Owners Protection Insurance Company, LLC (POPIC), a national captive program manager serving owners and managers of multifamily and single-family residential portfolios. POPIC’s acquisition adds additional products and underwriting capabilities within the real estate sector to the company’s Alliant Underwriting Solutions division. “POPIC has a proven track record of helping large property owners and managers assum...

SAN MATEO, Calif.--(BUSINESS WIRE)--Model N (NYSE: MODN), a leader in revenue optimization and compliance for pharmaceutical, medtech, and high-tech innovators, today announced that it has entered into a definitive agreement to be acquired by Vista Equity Partners (“Vista”), a leading global investment firm focused exclusively on enterprise software, data, and technology-enabled businesses. Under the terms of the agreement, Vista will acquire all the outstanding shares of Model N common stock f...

PRAGUE--(BUSINESS WIRE)--The Czechoslovak Group (“CSG”) today issued a statement reaffirming its commitment to the proposed all-cash acquisition (the “Acquisition”) of Vista Outdoor Inc.’s (NYSE: VSTO) (“Vista Outdoor”) Sporting Products business – recently renamed The Kinetic Group – for a total consideration of $1.91 billion, with fully committed financing from leading U.S. bank JP Morgan Chase. CSG also highlighted the benefits of its planned Acquisition: “CSG is a leading industrial technol...

WILMINGTON, Del.--(BUSINESS WIRE)--CSC®, the world’s leading provider of global business administration and compliance solutions, is pleased to announce that Intertrust Group has fully migrated to the CSC brand, following CSC’s acquisition of the group on November 7, 2022. Both companies will now operate under CSC to deliver their unmatched client service, market-leading expertise, and global solutions consistently, through more than 8,000 dedicated employees, with capabilities across more than...

DALLAS & ATLANTA--(BUSINESS WIRE)--Leading HVAC distributor Shearer Supply announced today that it has acquired Climatic Comfort Products (“CCP”), the HVAC distribution subsidiary of The Climatic Corporation. The transaction combines two of the leading HVAC distributors serving the southern U.S. and expands Shearer’s reach across the Southeast with the acquisition of CCP’s eight locations throughout Florida, Georgia, and Alabama. Family owned and operated since 1936, CCP has evolved over the la...

HERNDON, Va.--(BUSINESS WIRE)--Tyto Athene, LLC (“Tyto”), a federal systems integrator of mission-focused digital transformation solutions, has completed its acquisition of Microtel LLC (“Microtel” or the “Company”), a software development and systems engineering firm deeply embedded in long-term, space missions for NASA and international space programs. Tyto is a portfolio company of Arlington Capital Partners (“Arlington”), a Washington, D.C.-area private investment firm specializing in gover...