LONDON – Gresham House Energy Storage Fund plc (LSE: GRID), the United Kingdom’s largest fund investing in utility-scale battery energy storage systems (BESS), announced Thursday it has signed an agreement for the conditional acquisition of a 100-megawatt battery project in Elland, West Yorkshire. The project, known as Elland 2, is a key component of the…
LONDON – Mitie Group plc announced the acquisition of Forest Group Holdings (“Forest”), a specialist engineering business delivering critical refrigeration maintenance services, for a maximum cash consideration of £7m (comprising an initial payment of £4.5m and deferred payments of up to £2.5m over three years, linked to performance). Forest has over 30 years of…
NEW YORK – Marquee Brands, a global brand management company, has acquired Stance, the lifestyle and performance sock brand, the companies announced on Tuesday. The deal marks Marquee’s strategic entry into the everyday essentials market. As part of the acquisition, Marquee also announced a new partnership with United Legwear and Apparel Co. (ULAC), which will…
PLANO – Tyler Technologies, Inc. (NYSE: TYL) has acquired CloudGavel, a leading provider of electronic warrant solutions, a statement said. This acquisition complements and augments Tyler’s existing solutions, strengthening Tyler’s position as a leader in the courts and justice and public safety markets. CloudGavel’s electronic warrants bring greater efficiency and accountability to warrant issuance and…
SAN JOSE – Adobe Inc. said on Wednesday it has agreed to acquire search engine marketing platform Semrush Holdings Inc. for $1.9 billion in cash, a move aimed at bolstering its marketing tools for clients navigating the artificial intelligence era. The design and marketing software giant will pay $12 per share for Semrush, sending the…
MELBOURNE – Helloworld Travel Ltd (ASX:HLO) said on Wednesday it has submitted a non-binding indicative proposal to acquire Webjet Group Ltd (ASX:WJL) for A$0.90 per share in cash, valuing the online travel agency at a significant premium to its recent trading levels. The offer represents a 31% premium to Webjet’s undisturbed closing price of…
LAKE BLUFF – Homewerks Worldwide, LLC, a leading home improvement products supplier, announced on Monday it has acquired the Character Project Kits product line from Character Home, Inc., a move that expands its footprint in the growing do-it-yourself (DIY) plumbing market. The acquisition includes Character’s Faucet Installation Kit and Showerhead Installation Kit, all-in-one solutions that…
SYDNEY – Decidr AI Industries Ltd (ASX:DAI) said on Wednesday it has signed a binding agreement to acquire Delaware-based Sugarwork Inc., marking its entry into the United States market as part of a global expansion strategy. The deal, structured as a scrip-for-scrip equity swap through Decidr’s newly formed U.S. subsidiary, Decidr US, will see…
PLANO – Finance of America Reverse LLC, a leading provider of home equity retirement solutions, said on Tuesday it has agreed to buy the reverse mortgage servicing portfolio and related assets from PHH Mortgage Corporation, a subsidiary of Onity Group Inc., in an all-cash deal. The transaction, aimed at expanding Finance of America’s footprint in…
LONDON: British infrastructure investors HICL Infrastructure PLC (HICL.L) and The Renewables Infrastructure Group TRIG.L agreed to combine on Monday, forming the UK’s largest listed infrastructure investment company with net assets exceeding £5.3 billion ($6.7 billion). The all-share merger, structured as a reconstruction and voluntary winding-up of TRIG, aims to create a dominant player better…
LONDON: FRP Advisory Group plc, a leading national specialist business advisory firm, announced the acquisition of Arc & Co Structured Finance Limited (“Arc & Co”) for a consideration of £6.0 million, plus an additional amount for the net assets acquired on completion of approximately £650,000 and a three-year performance based earn-out linked to profit in excess…
ABU DHABI: Investcorp Capital PLC said on Friday it had acquired Kanawha Scales & Systems (KSS), a U.S. provider of industrial weighing services, from American Equipment Holdings. The acquisition, arranged by Investcorp Capital’s founding company Investcorp, expands the Abu Dhabi-listed firm’s portfolio of U.S. industrial assets. Financial terms of the deal were not disclosed.…