Mergers & Acquisitions

Midwest Equity Mortgage, LLC to be Acquired by Celebrity Financial, Inc.

Midwest Equity Mortgage, LLC to be Acquired by Celebrity Financial, Inc. PR Newswire CHICAGO, June 6, 2018 CHICAGO , June 6, 2018 /PRNewswire/ — Midwest Equity Mortgage, LLC, (“MEM”) an Illinois based independent mortgage lender, today announced it has signed a definitive purchase and sales agreement to be wholly acquired by Celebrity Financial, Inc., (“Celebrity”) a U.S. Virgin Islands based diversified financial services holding company […]

Mergers & Acquisitions

Zippy Shell and 1-800-PACK-RAT Announce Merger

Zippy Shell and 1-800-PACK-RAT Announce Merger Virgo Investment Group (“Virgo”), a middle market private equity firm, today announced that its portfolio company Zippy Shell Incorporated (“Zippy Shell”), one of the fastest growing providers of portable moving and storage solutions in the U.S., has merged with 1-800-PACK-RAT, a leading provider of portable moving, portable storage and logistics solutions headquartered in Wake Forest, NC. PR Newswire SAN FRANCISCO, June 6, 2018 SAN FRANCISCO , June 6, 2018 /PRNewswire/ — Virgo Investment Group (“Virgo”), a middle market private equity firm, today announced that its portfolio company Zippy Shell Incorporated (“Zippy Shell”), one of the fastest growing providers of portable moving and storage solutions in the U.S., has merged with https://1800packrat.com a leading provider of portable moving, portable storage and logistics solutions headquartered in Wake Forest, NC . Virgo will fund the transaction with a combination of new credit facilities and a significant new growth capital investment. […]

Mergers & Acquisitions

VillagePlan Completes Acquisition of Sound Options

VillagePlan Completes Acquisition of Sound Options Acquisition Executes on VillagePlan Strategy to Build the Global Standard for Professional Care Management PR Newswire TACOMA, Wash., June 6, 2018 TACOMA, Wash. , June 6, 2018 /PRNewswire/ — VillagePlan , the nation’s largest network of professional care managers and award-winning provider of professional care management services to consumers and as an employee benefit, today announced the completion of its acquisition of Sound Options Inc., one of the leading elder care management firms in the Pacific Northwest. Today’s announcement comes on the heels of other news at Boston -based VillagePlan. […]

Mergers & Acquisitions

Arsenal Capital Partners Acquires Epoxy Technology; Second Acquisition Of Meridian Adhesives Group

Arsenal Capital Partners Acquires Epoxy Technology; Second Acquisition Of Meridian Adhesives Group PR Newswire NEW YORK, June 6, 2018 NEW YORK , June 6, 2018 /PRNewswire/ — Arsenal Capital Partners (“Arsenal”), a leading private equity firm that invests in middle-market specialty industrials and healthcare business services companies, announced today the acquisition of Epoxy Technology, Inc. (“Epoxy Tech”), a leading manufacturer of high-performance specialty epoxy, ultraviolet, and hybrid adhesives. […]

Mergers & Acquisitions

Apex Announces Acquisition of Ipes, Positioning the Group as the World’s 5th Largest Fund Administrator

Apex Announces Acquisition of Ipes, Positioning the Group as the World’s 5th Largest Fund Administrator PR Newswire HAMILTON, Bermuda, June 6, 2018 HAMILTON, Bermuda , June 6, 2018 /PRNewswire/ — Apex Group Ltd. (“Apex”), one of the world’s largest fund administrators, and Genstar Capital jointly announced today the acquisition of Ipes, a leading provider of fund administration and other services to the private equity sector. […]

Mergers & Acquisitions

Zippy Shell Incorporated and 1-800-Pack-Rat LLC Announce Merger

Zippy Shell Incorporated and 1-800-Pack-Rat LLC Announce Merger PR Newswire SAN FRANCISCO, June 6, 2018 SAN FRANCISCO , June 6, 2018 /PRNewswire/ — Virgo Investment Group (“Virgo”), a middle market private equity firm, today announced that its portfolio company Zippy Shell Incorporated (“Zippy Shell”), one of the fastest growing providers of portable moving and storage solutions in the U.S., has merged with 1-800-Pack-Rat, a leading provider of portable moving, portable storage and logistics solutions headquartered in Wake Forest , NC. Virgo will fund the transaction with a combination of new credit facilities and a significant new growth capital investment. Both companies will continue to operate as separate and distinct brands serving their well-defined and diversified customer bases […]

Stock Analysts

Fortinet Buys Bradford Networks, Upgrades FortiWeb Software

Fortinet Inc. FTNT recently announced the acquisition of Bradford Networks, a provider of network security by ensuring access control of all devices associated with the enterprise network. The target provides “agentless” surveillance and assessment of end point devices including the ones enabled by Internet of Things (IoT) and caters to multiple industries such as manufacturing, government, retail and technology among others. […]

Stock Analysts

Navistar’s (NAV) Q2 Earnings Beat Estimates, Revenues Miss

Navistar International Corporation NAV reported second-quarter fiscal 2018 (ended Apr 30, 2018) earnings per share of 55 cents, beating the Zacks Consensus Estimate of 28 cents. In the prior-year quarter, net loss per share was 86 cents. Navistar recorded net income of $55 million compared with the net loss of $80 million in the prior-year quarter […]

Stock Analysts

Wells Fargo (WFC) to Divest 52 Midwest Branches to Flagstar

With a view to cut costs, Wells Fargo & Company WFC has inked a deal with Flagstar Bancorp FBC to divest all of its branches in Indiana, Michigan and Ohio. While the financial details were not disclosed, the deal is expected to close in the last quarter of 2018. The 52 branches in consideration, including four branches of Wisconsin, comprise about $2.3 billion in deposits […]

Stock Analysts

FLIR Systems Unveils Advanced Black Hornet 3 Nano-UAV

FLIR Systems, Inc. FLIR launched Black Hornet 3 nano-unmanned aerial vehicle (UAV), targeting global militaries, government agencies and first responders. The next generation Black Hornet 3 nano-UAV is now powered with the ability to navigate in GPS-denied environments, allowing users to maintain awareness and surveillance as well as for threat detection. […]

Stock Analysts

Daimler (DDAIF) Claims to be In-sync With EV Launch Targets

Per Reuters, Daimler AG DDAIF announced that it is in sync with its scheduled launch of battery-enabled electric vehicles (EVs) in response to a report released by German business daily, Handelsblatt. The report claimed that the launch will be delayed due to lack of batteries and other technical issues. Per Handelsblatt, the company’s new mid-sized all-electric EQC SUV will be presented in September at Stockholm […]

Stock Analysts

Amazon and 4 Other Stocks to Buy in E-commerce Space

Amazon AMZN has been dominating the e-commerce domain with its aggressive retail strategy. Expanding seller base, distribution strength, strategic acquisitions and partnerships have helped the company sustain its market share despite intensifying competition. The company is well poised to leverage e-commerce sector’s growth potential […]

Mergers & Acquisitions

Generational Equity Advises East Tennessee Personal Care Service in Sale to Amedisys

Generational Equity Advises East Tennessee Personal Care Service in Sale to Amedisys PR Newswire DALLAS, June 6, 2018 DALLAS , June 6, 2018 /PRNewswire/ — Generational Equity , a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, East Tennessee Personal Care Service LLC (ETPCS), to Associated Home Care, a subsidiary of Amedisys Inc. The acquisition closed May 1, 2018 . East Tennessee Personal Care Service, based in Knoxville, Tennessee , offers personal care, homemaker services, personal support and Licensed Practical Nurses (LPNs) to clients to encourage independent living 24 hours a day, seven days a week […]

Mergers & Acquisitions

BTB announces the acquisition of a 25 % interest in Complexe Lebourgneuf Phase II

BTB announces the acquisition of a 25 % interest in Complexe Lebourgneuf Phase II Canada NewsWire MONTREAL, June 6, 2018 MONTREAL , June 6, 2018 /CNW Telbec/ – BTB Real Estate Investment Trust (TSX: BTB.UN) (” BTB ” or the ” REIT “) announces today that on June 4, 2018 it proceeded with the acquisition of the 25% equity balance in Complexe Lebourgneuf Phase II situated at 815 Lebourgneuf Boulevard in the City of Qu bec City, which it did not own for $7.5 million , including assumed indebtedness, which represents an implied capitalization rate of 6.75%. The REIT has satisfied the purchase price through the issuance of 532,265 limited partnership units to the seller at a price of $4.68 per unit. Each limited partnership unit shall be, exchangeable for the same number of BTB units […]

Mergers & Acquisitions

Workplace Culture Platform WorkXO Announces Acquisition by QuestionPro

Workplace Culture Platform WorkXO Announces Acquisition by QuestionPro The culture-management technology will be at the center of a new QuestionPro workforce product line. PR Newswire CHICAGO, June 6, 2018 CHICAGO , June 6, 2018 /PRNewswire-PRWeb/ — The workplace culture management tech company WorkXO has now become a wholly owned subsidiary of QuestionPro. QuestionPro provides survey technology, market research and customer experience (CX) solutions to more than 2.5 million users. […]