Mergers / Acquisitions

Bank of Ann Arbor to Acquire Birmingham, MI Branch of Nicolet National Bank

Bank of Ann Arbor and Nicolet National Bank announced that Arbor has entered into an agreement to buy the Birmingham, MI Branch of Nicolet located at 260 East Brown Street, Birmingham, MI. This was a branch of the former mBank, recently acquired by Nicolet. read more

Sasser Family Companies Acquires Falcon Lease Holdings

Sasser Family Companies finalized an agreement to acquire Singapore-based global container lessor Falcon Lease Holdings and its group of companies. This acquisition expands Sasser's transportation asset leasing and management services to include global tank container leasing. read more

Herc Holdings Acquires Toronto-area Entertainment Equipment Rental Business

Herc Holdings acquired Dwight Crane and its U.S. affiliate, LRX. Dwight Crane is an entertainment equipment rental business based in Ajax, Ontario that also has operations in Los Angeles. Terms were not disclosed. read more

Herc Rentals Completes Acquisition of CBS Rentals

Herc Holdings, a North American equipment rental supplier operating as Herc Rentals, completed the previously announced acquisition of substantially all the assets of Texas-based CBS Rentals. read more

Ideanomics to Acquire VIA Motors

Ideanomics, a company focused on driving the adoption of commercial electric vehicles and associated energy consumption, entered into an agreement to acquire VIA Motors in an all-stock transaction for a 100% ownership stake. The agreement values VIA Motors at $450 million. read more

Seacoast Bank Acquires Sabal Palm Bank and Florida Business Bank

Seacoast Banking Corporation of Florida, the holding company for Seacoast Bank, entered into agreements to acquire Sabal Palm Bancorp, parent company of Sabal Palm Bank, and Business Bank of Florida, parent company of Florida Business Bank. read more

Markel Acquires Majority Interest in Crane Rental Fleet Operator Buckner

Markel entered into a definitive agreement to acquire a majority interest in Buckner, a crane rental fleet operator serving commercial contractors in the construction of wind turbines, stadiums, manufacturing facilities and other projects. read more

Webster and Sterling Stockholders Approve Merger Between Companies

The stockholders of Webster Financial and Sterling Bancorp approved the proposed merger between Webster and Sterling at their respective special meetings of stockholders. read more

Herc Rentals Acquires CBS Rentals

Herc Holdings, a North American equipment rental supplier operating as Herc Rentals, entered a purchase agreement to acquire substantially all the assets of Texas-based CBS Rentals. read more

American Industrial Transport Acquires The Andersons Rail Leasing Business

American Industrial Transport acquired the railcar leasing business from The Andersons for approximately $550 million in cash, expanding AITX’s  leasing fleet to approximately 60,000 railcars across various car types, equipment life cycles, commodities and industries serviced. read more

Hovde Group Advises FastPay on Acquisition by SLR Business Credit

Hovde Group served as exclusive financial advisor to FastPay during its acquisition by SLR Business Credit. read more

ECN Capital Sells its Service Finance Business to Truist Bank for $2B

ECN Capital entered into a definitive agreement with Truist Bank to sell all of the issued and outstanding equity interests in each of Service Finance Company and Service Finance Holdings for cash proceeds of $2 billion. read more

First Financial Acquires Hancock Bancorp

First Financial Corporation, the bank holding company of First Financial Bank, and Hancock Bancorp, the bank holding company of Hancock Bank & Trust Company, signed a merger agreement. The aggregate value of the transaction is $31.35 million. read more

Cadence Bancorporation’s Shareholders Approve Merger with BancorpSouth Bank

Shareholders of Cadence Bancorporation voted to approve the previously announced merger agreement entered between Cadence Bancorporation and BancorpSouth Bank under which the companies will combine in an all-stock merger with a total market value of more than $6 billion. read more

Ritchie Bros. Acquires Euro Auctions for More Than $1B

Ritchie Bros. and Euro Auctions entered into an agreement under which Ritchie Bros. will acquire Euro Auctions for an enterprise value of £775 million (approximately $1.08 billion). read more

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