MINNEAPOLIS: HomeServices of America, a Berkshire Hathaway affiliate, announced that Christy Budnick, president and CEO of Berkshire Hathaway HomeServices Florida Network Realty, has been named chief executive officer of HSF Affiliates, which operates and manages the Berkshire Hathaway HomeServices and Real Living Real Estate real estate brokerage franchise networks. Budnick was also named CEO of…
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Ares Management to acquire Black Creek Group’s U.S. real estate investment management business
LOS ANGELES: A subsidiary of Ares Management Corporation (NYSE: ARES) has entered into a definitive agreement to acquire 100% of Black Creek Group’s U.S. real estate investment management firm (Black Creek), a news release said. The transaction consideration will include an upfront amount comprised of a combination of cash and Ares Operating Group Units in…
Nanosys acquires glō
SILICON VALLEY: Nanosys Inc., supplier of quantum dot light emitting materials and technology, announced the acquisition of glō, the leading technology company for microLED displays. The transaction significantly expands Nanosys’ capabilities and technology offerings, accelerating the company’s development and progress toward the widespread adoption of microLED and nanoLED display technology for future displays, a news…
H.I.G. Capital to acquire Travis Perkins’s plumbing & heating business for £325 million
LONDON: H.I.G. Capital’s affiliate has signed a definitive agreement to acquire Travis Perkins Plc’s Plumbing & Heating business, a news release said. The divestiture is valued at approximately £325 million, and the transaction is expected to be completed within the next three months, following regulatory approval. headquartered in Northamptonshire, P&H operates under its primary trading…
Steven Schneider appointed CEO of Phone2Action
ARLINGTON: Steven Schneider, former chief executive at Logi Analytics, joined Phone2Action as CEO while Co-Founder Jeb Ory transitions into a new role as President and Chief Strategy Officer. Phone2Action, the leading public affairs and government relations technology platform, has expanded its leadership team. “This is a milestone in our continuing journey to support public affairs,…
Urban Elevator Service acquires Aventura Elevator
MIAMI: Urban Elevator Service announced its acquisition of Aventura Elevator. Urban Elevator completed the acquisition through its subsidiary Urban Elevator Service FL. Aventura Elevator is a full-service elevator contractor specializing in installing, modernizing, repairing, and maintaining all types of vertical transportation equipment, and has been serving clients across southeastern Florida since 2012. The acquisition expands…
Abu Dhabi National Energy Company to host World Utilities Congress
ABU DHABI: Abu Dhabi National Energy Company PJSC (TAQA) will be the official host of the World Utilities Congress, a new global exhibition and conference addressing the future of low carbon power and water supplies. Organised by dmg events, the Congress will be an in-person event taking place in Abu Dhabi in May 2022. It…
Twilio Inc. will buy Zipwhip in a $850 million deal
NEW YORK: Twilio Inc. (NYSE: TWLO) will buy Zipwhip for approximately $850 million, which would enable Twilio to deliver more secure, high-quality toll-free traffic at scale. Zipwhip will become part of Twilio’s Messaging Business Unit upon close. The boards of directors of Twilio and Zipwhip have each approved the transaction. The transaction is expected to…
G2 Insurance acquires Cincinnati based Schroeder Group
SAN FRANCISCO: G2 Insurance Services LLC has acquired the assets of Schroeder Group Inc., an independent insurance brokerage firm located in Cincinnati, OH. G2 Insurance Services Co-CEO Matthew Goldman stated, “We are so pleased to welcome Schroeder to the G2 team. Their extensive experience and knowledge of equine and personal insurance aligns well with G2’s…
Tom Albright steps down as CEO of Bittrex Global
HAMILTON: Bittrex Global, provider of secure trading platforms and digital wallet infrastructures, announced Tom Albright is stepping down from his role as CEO of Bittrex Global GmbH (Vaduz, Liechtenstein) and Bittrex Global (Bermuda) Ltd (Hamilton, Bermuda) effective today. Stephen Stonberg, current CFO and COO of Bittrex Global, has been appointed by the Boards to serve…
China’s Big Data Expo 2021 to start online show on May 20
GUIYANG: China International Big Data Industry Expo (CIBDIE) 2021 will be held in southwest China’s Guiyang City from May 26 to 28, a news release said. The event, country’s leading big data expo, integrates online and offline participation, featuring conferences, exhibitions, new product launches, contests and other activities. A professional exhibition will be held both…
BPN Capital executes first ever blockchain based commercial mortgage
MIAMI: BPN Capital Group has announced its very first blockchain based commercial mortgage. The tokenization of the iconic SLS Lux Brickell in Miami, will allow accredited investors to directly hold and control their stake, eliminating the restrictions associated with investing in commercial mortgages through conventional channels. The asset is the flagship retail corner Situated at…