Comfort Systems USA, Inc. (NYSE: FIX), a leading provider of HVAC and electrical contracting services, announced today that it has agreed to acquire Summit Industrial Construction, LLC, a specialty industrial mechanical contractor based in Houston, Texas. The deal is expected to close in the first quarter of 2024. Summit offers engineering, design-assist and turnkey construction…
Myers Industries to acquire Signature Systems for $350 million
Myers Industries, Inc., a leading manufacturer and distributor of industrial products, announced today that it will acquire Signature Systems, a leader in composite ground protection solutions, for a total consideration of approximately $350 million. The acquisition will strengthen Myers’ profitability and cash flow, as well as provide a complementary platform for long-term growth driven by…
Imperial Dade acquires Insight Distributing, expands in Western market
Imperial Dade, a leading distributor of foodservice packaging, industrial, and janitorial supplies in North America, has acquired Insight Distributing, Inc., a Spokane-based company with a history dating back to 1941. The deal is the 77th acquisition for Imperial Dade, which is led by Chairman Robert Tillis and CEO Jason Tillis. The financial terms were not…
Curi and RMB Capital complete merger, forming $11.3 billion advisory firm
Curi, a national healthcare advisory firm, has finalized its acquisition of RMB Capital and the merger of its subsidiary Curi Capital with RMB, creating Curi RMB Capital, a registered investment advisory firm with more than $11.3 billion in assets under advisement. The terms of the deal were not disclosed. The new firm will be led…
Chris Decker appointed as new CDISC President and CEO
CDISC, the global nonprofit organization that creates and advances data standards for clinical research, has announced that Chris Decker will be its new President and CEO, effective January 2, 2024. He will succeed Dave Evans, who is retiring after leading CDISC for several years. Decker is a well-known technology and standards expert, with years of…
Edgio Inc names Todd Hinders as new CEO
Edgio Inc. (NASDAQ: EGIO), a leading edge computing platform, announced today that it has appointed Todd Hinders as its new CEO and board member, effective immediately. Hinders replaces Bob Lyons, who has stepped down from his roles as President, CEO, and board member. Hinders has been with Edgio since May 2023 as the Chief Revenue…
UK households to face higher energy bills as Ofgem raises price cap
The start of the new year brings bad news for UK households, as they will have to pay more for their energy bills due to Ofgem’s latest price cap. The cap, which limits how much suppliers can charge customers for gas and electricity, has risen to £1,928 from £1,834 in October. This is the first…
Costco’s sales soar as Aussies flock to value brand
Costco, the US-based warehouse retailer, has become one of Australia’s largest retailers, with $4.4 billion in sales in 2023, a 20 per cent increase from the previous year. The retailer, which operates 15 stores in Australia and New Zealand, has outperformed the local supermarket giants Coles and Woolworths, which only achieved sales growth of around…
Lars-Christian Svensen appointed CEO of Golden Ocean Management AS
OSLO, NORWAY: The Board of Golden Ocean Group Limited announced the appointment of Mr. Lars-Christian Svensen as the Chief Executive Officer (CEO) of Golden Ocean Management AS with effect from January 1, 2024. Mr. Svensen currently serves as the Interim Chief Executive Officer of Golden Ocean Management AS. Prior to that, he held the role…
Petroleum sales slump in Pakistan amid high prices and low demand
ISLAMABAD: The sales of petroleum products in Pakistan witnessed a sharp decline of 7% year-on-year (YoY) in December 2023, reaching 1.24 million tons, according to the latest data released by the Oil Companies Advisory Committee (OCAC). The main reasons for the drop in sales were the surge in price of petroleum products, the economic slowdown,…
Diversified Energy sells producing assets in Appalachia for $200 million
LONDON, UK: Diversified Energy Company PLC (DEC) has announced the completion of an innovative deal that has enabled it to extract more value from its existing assets and improve its financial position. The deal involved selling 80% of its producing assets in Appalachia to a special purpose vehicle (SPV) for $200 million, while retaining a…
Hydrogen Utopia acquires 49% stake in Ohrid Organics
LONDON, UK: Hydrogen Utopia International PLC (HUI), a company that converts non-recyclable mixed waste plastic into hydrogen and other carbon-free fuels, has announced that it has acquired 49% of Ohrid Organics Ltd, a medical cannabis producer in North Macedonia. The deal, which is expected to be completed in the first quarter of 2024, will provide…