Mergers / Acquisitions

US Bancorp and Mitsubishi UFJ Financial Group Extend Purchase Agreement

U.S. Bancorp and Mitsubishi UFJ Financial Group extended the outside termination date of the purchase agreement for U.S. Bank’s acquisition of MUFG from Sep. 30, 2022, to Dec. 31, 2022. read more

Banc of California Acquires Deepstack Technologies

Banc of California acquired the payments platform and technology of Global Payroll Gateway and its wholly-owned subsidiary, Deepstack Technologies, for $24 million in cash and stock. read more

Allegiance and CBTX Receive Federal Reserve Approval for Merger

Allegiance Bancshares, the holding company of Allegiance Bank, and CBTX, the holding company of CommunityBank of Texas, received regulatory approval from the Board of Governors of the Federal Reserve System to complete their merger of equals. read more

TimePayment Acquires QuickSpark Financial

TimePayment acquired QuickSpark Financial, including the purchase of all active leases held by QuickSpark’s subsidiaries. read more

BankFirst to Acquire Mechanics Bank

BankFirst Capital, parent of BankFirst Financial Services, signed a merger agreement with Mechanics Banc Holding Company, the parent company of Mechanics Bank, under which BankFirst will acquire Mechanics and Mechanics Bank for all-cash consideration.  read more

Ryder Acquires Logistics Technology Startup Baton

Ryder acquired Baton, a San Francisco-based startup known for the development of a proprietary logistics technology focused on optimizing transportation networks. read more

ECN Capital Sells Kessler Group Business to Stone Point Capital

ECN Capital entered into a definitive agreement with funds managed by Stone Point Capital to sell all of the issued and outstanding equity interests in ECN Kessler Holdco, a wholly-owned, indirect subsidiary of the ECN through which ECN operates the Kessler Group business. read more

Gulf Coast Bank & Trust Company Acquires KLC Financial

Gulf Coast Bank & Trust Company acquired the assets of KLC Financial and KLC Capital Partners, with KLC continuing as a subsidiary of Gulf Coast Bank & Trust Company. The acquisition became effective on Aug. 10. read more

National Partners PFco Acquires Security Premium Finance

National Partners PFco, a wholly-owned subsidiary of WebBank, acquired Security Premium Finance, a privately held finance company founded in 1995 by Bert Irigoyen and based in Coral Gables, FL. read more

HomeStreet Closes Sale of 5 Retail Deposit Branches in Washington

HomeStreet, the parent company of HomeStreet Bank, closed the sale of five retail deposit branches in eastern Washington, including the branches' lending businesses and employees, for an estimated gain of $4 million on July 29. read more

First Eagle Investments Completes Acquisition of Napier Park Global Capital

First Eagle Investments completed the acquisition of alternative credit manager Napier Park Global Capital. The acquisition of Napier Park has significantly broadened First Eagle's capabilities in the large and diverse alternative credit market. read more

FVLCRUM Funds Acquires Gulf Coast Crane Services

FVLCRUM Funds acquired Gulf Coast Crane Services, a crane rental services solutions and equipment company. Gulf Coast Crane is the first company to be acquired by FVLCRUM's crane services platform, Peak Lifting Solutions. read more

Akiem and CDPQ Enter Negotiations on Proposed Acquisition of Akiem

Akiem shareholders agreed to enter into exclusive negotiations with CDPQ on the proposed sale of Akiem, a provider of freight locomotive leasing services in France and Europe. read more

JetBlue Acquires Spirit Airlines for Adjusted Enterprise Value of $7.6B

JetBlue Airways acquired Spirit Airlines for an aggregate fully diluted equity value of $3.8 billion and an adjusted enterprise value of $7.6 billion. read more

Ali Group Completes Acquisition of Welbilt

Ali Group, a manufacturer of foodservice equipment, completed its acquisition of Welbilt. With this transaction, Welbilt’s common stock stopped trading as of the close of trading on July 28 and is no longer listed on the New York Stock Exchange. read more

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