Mergers / Acquisitions

First Citizens and CIT to Merge

First Citizens BancShares, the parent company of First-Citizens Bank & Trust Company, and CIT Group, the parent company of CIT Bank, will combine in an all-stock merger of equals to create the 19th largest bank in the United States based on assets. read more

Alta Equipment Group to Acquire Howell Tractor and Equipment

Alta Equipment Group entered into a definitive agreement to acquire Howell Tractor and Equipment, a privately held heavy equipment dealer serving Northern Illinois and Northwest Indiana. read more

Enova Completes Acquisition of OnDeck

Enova International completed the acquisition of OnDeck Capital for approximately $122 million. In July, Enova entered into a definitive agreement to acquire all outstanding shares of OnDeck in a cash and stock transaction that was originally valued at approximately $90 million. read more

Snap-on Acquires AutoCrib for $36MM

Snap-on acquired the assets of AutoCrib for approximately $36 million in cash. Based in Tustin, CA, with 2019 sales of approximately $30 million, AutoCrib is a designer, manufacturer and marketer of tool and asset control solutions. read more

Hunter Street Partners Acquires All-Star, Launches Equipment Rental Investment Platform

Hunter Street Partners has launched a scalable platform to invest in equipment rental companies. Hunter Street has acquired All-Star Equipment Rental of Naples, FL and will work closely with the company's management team to evaluate other opportunities for expansion in the region. read more

Sterling Bancorp Sells $106.1MM Equipment Finance Loan Portfolio

Sterling Bancorp has completed two loan portfolio sales including $106.1 million in equipment finance loans, which represented the remaining balance of its small business commercial transportation loans, as well as the majority of its residential mortgage non-performing loans. read more

Bombardier Signs Agreement to Sell Transportation Business to Alstom

Bombardier signed a definitive sale and purchase agreement with Alstom and the Caisse de dépôt et placement du Québec for the sale of its transportation business to Alstom. read more

North American Aerospace Industries Merges with Aircraft Interior Recycling Association

North American Aerospace Industries (NAAI), a provider of sustainable end-to-end aircraft recycling, merged with Aircraft Interior Recycling Association (AIRA), a total aircraft interior support company. read more

Tellus Equipment Solutions Acquires Ag-Pro Texas Locations, Hires Donaldson as COO

Tellus Equipment Solutions, a company formed specifically to become an authorized John Deere agriculture and turf dealer, closed on an acquisition of Ag-Pro Texas and hired Jeff Donaldson as chief operating officer. read more

DR Power Equipment Acquires Mean Green Products

DR Power Equipment, a division of Generac, closed a purchase agreement to acquire the assets of Mean Green Products, a battery powered, commercial grade turf care manufacturer headquartered in Ross, OH. read more

Hanover Community Bank and Savoy Bank to Merge

Hanover Bancorp, parent company of Hanover Community Bank, and Savoy Bank entered into a definitive agreement pursuant to which Savoy Bank will merge into Hanover Community Bank in a stock and cash transaction valued at approximately $63 million. read more

Citizens Advises OSG on Divestiture of AppRev to Centauri Health Solutions

Citizens M&A Advisory served as the exclusive financial advisor to OSG, an Aquiline Capital Partners portfolio company, on its divestiture of Applied Revenue Analytics (AppRev), a provider of revenue cycle optimization and revenue integrity solutions. read more

Enterprise Financial Services Acquires Seacoast Commerce Bank

Enterprise Financial Services, the holding company of Enterprise Bank & Trust, and Seacoast Commerce Banc Holdings, the holding company of Seacoast Commerce Bank, entered into a definitive merger agreement in a transaction valued at approximately $156 million.  read more

Seacoast Banking Corporation of Florida Completes Acquisition of Fourth Street Banking

Seacoast Banking Corporation of Florida, the holding company for Seacoast National Bank, completed its acquisition of Fourth Street Banking Company. The aggregate merger consideration paid by Seacoast was approximately $41.7 million. read more

CAI International Sells Logistics Business to NFI

CAI International completed an agreement to sell substantially all of the assets of its logistics business to NFI on a debt and cash free basis. read more

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