Mergers / Acquisitions

HOLT CAT Acquires Sullair of Houston

HOLT CAT, a Caterpillar equipment and engine dealer in Texas, acquired Sullair of Houston, a fixed and portable compressed air dealer with operations in Houston, San Antonio and Odessa, TX. read more

Lineage Logistics Acquires Cryo-Trans to Offer Refrigerated Railcar Solutions

Lineage Logistics acquired Cryo-Trans, a North American provider of refrigerated and insulated railcars and rail management solutions. This partnership creates an integrated supply chain solution for food and beverage customers. Financial terms of the transaction were not disclosed. read more

GATX Acquires Trifleet Leasing for $215.17MM

GATX acquired Trifleet Leasing, the fourth largest global tank container lessor, for approximately €175 million ($215.17 million) in cash. read more

CAI Completes Sale of Railcar Fleet to Infinity Transportation

CAI International closed its previously reported agreement to sell all of its remaining railcar fleet to Infinity Transportation for $228.1 million. read more

InfraServ Subsidiary Acquires Bobcat Southwest

InfraServ acquired the Bobcat Southwest dealership group. The acquisition will be completed through InfraServ's subsidiary, Gateway Dealer Network, a provider of Bobcat and Doosan-branded industrial equipment sales, parts and service, and rental services. read more

Blue Ridge and Bay Banks of Virginia Receive Regulatory Approval for Merger

Blue Ridge Bankshares, the parent holding company of Blue Ridge Bank, and Bay Banks of Virginia, the parent holding company of Virginia Commonwealth Bank, received all required bank regulatory approvals for the pending merger of Bay Banks into Blue Ridge. read more

The Pete Store Enters Florida with Acquisition of Palm Peterbilt Truck Centers

The Pete Store completed the purchase of Palm Peterbilt Truck Centers, a truck dealer group with six locations in South Florida, including Miami, Fort Lauderdale, West Palm Beach, Fort Pierce, Clewiston and Fort Myers. read more

Alta Equipment Group Acquires Vantage Equipment

Alta Equipment Group entered into a definitive agreement with Vantage Equipment, a privately held construction equipment dealer operating three branches across New York, to acquire Vantage’s construction dealerships in an asset sale. read more

Huntington Bancshares and TCF Financial to Merge

Huntington Bancshares, the parent company of Huntington National Bank, and TCF Financial, the parent company of TCF National Bank, signed an agreement under which the companies will combine in an all-stock merger with a total market value of approximately $22 billion. read more

Wolters Kluwer Acquires eOriginal for $280MM

Wolters Kluwer Governance, Risk & Compliance acquired eOriginal, a provider of cloud-based digital lending software, for approximately €231 million ($280 million) in cash. read more

Ritchie Bros. Completes Acquisition of Rouse Services

Ritchie Bros. completed its acquisition of Rouse Services, a provider of data intelligence and performance benchmarking solutions. read more

Nesco Acquires Custom Truck One Source

Nesco entered into a definitive agreement to acquire Custom Truck One Source for a purchase price of $1.475 billion. Nesco and CTOS are providers of specialized truck and heavy equipment solutions, including rental, sales and aftermarket parts and service. read more

Hertz Enters Asset Purchase Agreement with Athene for Sale of Donlen Corp.

Hertz entered into a stock and asset purchase agreement to sell substantially all of the assets of its wholly-owned subsidiary, Donlen Corporation, a fleet management and financing provider, to Athene Holding for an anticipated cash payment of $825 million before adjustments. read more

Barriers to Bank M&A Remain High, Market Uncertainty Stalls Growth Plans

According to a survey from Bank Director, the barriers to dealmaking may prove difficult to surmount in today’s environment, with 63% of respondents pointing to concerns about the quality of a potential target’s loan book as a top barrier to an acquisition. read more

TZP Group Sells Stake in Kingsbridge Holdings

TZP Group announced the realization of its investment in Kingsbridge Holdings, an independent lessor of information technology, industrial and healthcare essential-use equipment. read more

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