Mergers / Acquisitions

Laurentian Bank of Canada to Acquire Northpoint Commercial Finance

Laurentian Bank of Canada reached a definitive agreement under which a subsidiary of the bank has agreed to acquire Northpoint Commercial Finance. read more

Ritchie Bros. and IronPlanet Secure Unconditional Antitrust Clearance

Ritchie Bros. received unconditional antitrust clearance from the U.S. Department of Justice for the proposed acquisition of IronPlanet. read more

Gordon Brothers Acquires Central Queensland Quarries Assets

Gordon Brothers has acquired the majority of Central Queensland Quarries’ plant and equipment as part of a liquidation managed by FTI Consulting. read more

Crestmark Acquires Small-Ticket Equipment Lessor Allstate Capital

Crestmark acquired Allstate Capital, a Florida-based provider of equipment leasing, broadening Crestmark’s small-ticket leasing presence. read more

First-Citizens Bank Assumes Deposits of Guaranty Bank in Milwaukee

The FDIC entered into a purchase and assumption agreement with First-Citizens Bank & Trust Company to assume all of the deposits of Guaranty Bank. read more

Snap-on Acquires Norbar Torque Tools for $72MM

Snap-on acquired Norbar Torque Tools Holdings, along with its U.S. and Chinese joint ventures, for approximately $72 million. read more

Noble Iron to Sell Los Angeles Equipment Rental Operations

Noble Iron’s wholly-owned subsidiary Noble Rents entered into an asset purchase agreement to sell the assets of its Los Angeles-based equipment rental operations to Sunbelt Rentals. read more

Hitachi Acquires Air Compressor Manufacturer Sullair for $1.245B

Hitachi entered into an agreement with Accudyne Industries to acquire Sullair for $1.245 billion, with the aim of gaining access to Sullair’s global sales network, mainly in North America. read more

Fund Managed by J.P. Morgan Acquires Beacon Rail Leasing

According to a report posted by the British Times, a fund managed by J.P. Morgan Asset Management has acquired Beacon Rail Leasing from private equity fund Pamplona Capital Management. read more

Swift Merges with Knight Transportation to Create Company Valued at $6B

Knight Transportation and Swift Transportation unanimously approved a merger of Knight and Swift in an all-stock transaction that will create the industry's largest full truckload company. read more

CIT Completes Sale of Commercial Aircraft Leasing Business

CIT Group completed the sale of its commercial aircraft leasing business to Avolon Holdings for a purchase price of $10.4 billion. read more

United Rentals Completes Acquisition of NES Rentals

United Rentals completed its previously announced acquisition of NES Rentals Holdings for a total purchase price of approximately $965 million in cash. read more

ECN Completes Sale of U.S. Equipment Finance Business to PNC

ECN Capital completed the previously announced sale of the company’s U.S. Commercial and Vendor Finance business to PNC Financial Services Group. read more

CIT Completes Sale of Stake In TC-CIT Aviation to Tokyo Century

CIT Group completed the sale of its 30% ownership stake in the commercial aircraft leasing joint ventures TC-CIT Aviation Ireland and TC-CIT Aviation U.S to its joint venture partner Tokyo Century. read more

Terex Sells India-Based Compact Construction Business to Manitou BF

Terex agreed to sell Terex Equipment Private Limited, its India-based compact construction business, to terrain material handling products provider Manitou BF. read more

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Terry Mulreany
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