TORONTO: Northleaf Capital Partners, a global private markets investment firm, announced Wednesday that infrastructure funds managed by the firm have acquired PowerStream Energy Services from Alectra Energy Services Inc., an affiliate of Alectra Inc. The transaction was executed through a tuck-in acquisition by Provident Energy Management Inc., a Northleaf portfolio company. Financial terms were not…
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Qualcomm acquires Italy’s programmable circuit board maker, Arduino
SAN DIEGO: Chipmaking giant Qualcomm said Tuesday it is acquiring Arduino, a move aimed at embedding its technology with the tinkerers and startups who are building the next generation of robots and intelligent devices. Arduino, an Italy-based maker of inexpensive, programmable circuit boards, is a staple in university labs, hardware startups and hobbyist workshops for…
Canter Power Systems acquires Optimize Generator People to expand gulf coast footprint
GREENSBORO: Canter Power Systems, a Generac Power Premier Pro dealer and one of the largest independent residential backup generator providers in the U.S., has acquired Optimize Generator People, a leading Louisiana-based installer and service provider of home standby generators. This marks Canter’s sixth strategic acquisition since partnering with Rotunda Capital Partners in 2021. Founded in…
Mixpanel acquires DoubleLoop to embed AI into business strategy analytics
SAN FRANCISCO: Digital analytics firm Mixpanel said on Tuesday it has acquired DoubleLoop, a startup specializing in AI-powered business value frameworks, as it seeks to help companies quickly identify key growth drivers. The deal aims to integrate DoubleLoop’s artificial intelligence technology directly into Mixpanel’s platform, accelerating how product and marketing teams connect their daily work…
Cadogan Tate expands U.S. footprint with strategic acquisition of Seattle’s Trefethen & Co
SEATTLE Cadogan Tate, a global leader in high-value art and interiors logistics, announced today it has acquired Trefethen & Co Bader & Olson (“Trefethen & Co”), a Seattle-based specialist in furniture receiving, warehousing, and installation. The move solidifies Cadogan Tate’s physical presence in the key U.S. Pacific Northwest market. This acquisition marks the seventh strategic…
Nickolas Asset Management has acquired OGO and Medal Technologies
NORTH BALTIMORE: Nickolas Asset Management (NAM), together with the Reinhart Family of Companies and its portfolio company Configure Brands, announced today the acquisition of OGO and Medal Technologies, including a 32,500-square-foot production facility in North Baltimore. The acquisition is designed to significantly expand manufacturing capacity for the combined entities. The facility will immediately begin producing…
HireRight acquires BGC Brasil to expand background screening capabilities in Latin America
SÃO PAULO; HireRight, a global leader in background screening and workforce solutions, has acquired BGC Brasil, a premier Brazilian provider of background screening services with access to more than 200 national and international research sources. The acquisition strengthens HireRight’s footprint in Latin America and enhances its ability to deliver faster, more compliant screening services across…
CoreWeave Inc. signs agreement to acquire Monolith AI Limited
LONDON: CoreWeave Inc. announced an agreement to acquire Monolith AI Limited, a pioneer in applying artificial intelligence and machine learning to solve complex physics and engineering challenges. Combining Monolith’s simulation and test-driven machine learning capabilities with CoreWeave’s purpose-built AI cloud enables the combined companies to offer a full-stack platform for industrial and manufacturing enterprises. The…
Paramount Skydance acquires The Free Press; Names Bari Weiss Editor-in-Chief of CBS News
NEW YORK: Paramount Skydance said Monday it has acquired online publication The Free Press and appointed its co-founder and CEO, Bari Weiss, as editor-in-chief of CBS News. The Free Press, launched by Weiss in 2021 following her departure from The New York Times’ opinion desk, will be integrated into CBS News. Paramount said the digital…
Verizon appoints former PayPal executive Dan Schulman as CEO
LONDON: Verizon Communications Inc (VZ.N) on Tuesday named Dan Schulman, the former chief executive of PayPal Holdings Inc (PYPL.O) and a current board member, as its new chief executive officer, effective immediately, in a surprise leadership overhaul. The U.S. wireless carrier said longtime CEO Hans Vestberg would step down and serve as a special advisor until…
AMD to supply AI chips to OpenAI in deal worth tens of billions
SANTA CLARA: Advanced Micro Devices Inc. will supply artificial intelligence chips to OpenAI in a multi-year agreement that the chipmaker said Monday is expected to generate tens of billions of dollars in annual revenue. The deal, which includes an option for OpenAI to buy a significant stake in AMD, sent the company’s shares surging more…
Auto parts bankruptcies: How a cascade of failures brought the industry to a screeching halt
The collapse of First Brands isn’t an isolated event. It is the loudest symptom of a systemic sickness gripping the global automotive supply base, where debt, disruption, and demand destruction have converged into a perfect storm. The Chapter 11 filing of U.S. auto parts maker First Brands on Monday, with its staggering liabilities exceeding $10…