Mergers / Acquisitions

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

Flushing Financial and Empire Agree to Complete Merger Under Extended Time Frame

Flushing Financial and Empire Bancorp agreed to complete their merger under an extended time frame. On a combined basis, the transaction is expected to be accretive to earnings by 20% in 2021. read more

Texel Completes Acquisition of Meridian Finance Group

The Texel Group completed its acquisition of Meridian Finance Group by purchasing the remaining 50% of Meridian’s shares to bring together a global credit and political risk insurance brokerage. Texel acquired a 50% interest in Meridian in 2017. read more

TCF Completes Merger with Chemical Bank

TCF National Bank completed its integration with Chemical Bank on Monday. TCF retired the Chemical brand and unveiled its new brand platform and ad campaign. read more

Flushing Financial, Empire Bancorp Continue Merger Discussions

Flushing Financial and Empire Bancorp will not exercise their respective rights to terminate their previous merger agreement and are engaged in discussions for a longer-term extension of time to complete the merger. read more

Alta Equipment to Acquire Martin Implement Sales

Alta Equipment Group entered into a definitive agreement to acquire Martin Implement Sales, a privately held premium equipment distributor with three branches in the Chicago metro area. read more

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