Mergers / Acquisitions

Webster and Sterling to Combine, Merger Valued at $10.3B

The boards of directors of Webster Financial and Sterling Bancorp unanimously approved a definitive agreement under which the two companies will combine in an all-stock merger of equals transaction with a total market value of approximately $10.3 billion. read more

United Rentals Acquires General Finance for $996MM

United Rentals and General Finance entered into a definitive agreement under which United Rentals will acquire General Finance for $19 per share in cash, representing a total enterprise value of approximately $996 million, including the assumption of $400 million of net debt. read more

United Rentals Acquires Franklin Equipment

United Rentals acquired Franklin Equipment, a regional provider of equipment rentals, sales and related services in the Midwest and Southeast United States. read more

Mitsubishi UFJ Lease & Finance and Hitachi Capital Merge to Form Mitsubishi HC Capital

As of April 1, Mitsubishi UFJ Lease & Finance and Hitachi Capital merged to form Mitsubishi HC Capital. As a result of this merger, Mitsubishi HC Capital has ¥10 trillion of total assets ($91.4 billion), more than ¥100 billion ($914 million) of net profit and nearly 10,000 employees. read more

BancorpSouth Bank and Cadence to Combine in Merger Valued at More Than $6B

BancorpSouth Bank and Cadence Bancorporation, the parent company of Cadence Bank, entered into a merger agreement under which the companies will combine in an all-stock merger with a total market value of more than $6 billion. read more

McGrath RentCorp Acquires Modular Kitchen Rental Company

McGrath RentCorp acquired Kitchens To Go, a provider of interim and permanent modular solutions for foodservice providers that require facilities to continue or expand operations. read more

Eastern Bank Merges with Century Bank and Trust in $642MM Transaction

Eastern Bankshares, the stock holding company for Eastern Bank, and Century Bancorp, the stock holding company for Century Bank and Trust Company, entered into a definitive all-cash merger agreement with an aggregate transaction value of $642 million. read more

IDS to Acquire White Clarke Group

IDS agreed to acquire White Clarke Group, a provider of retail, fleet, wholesale and asset finance solutions for the automotive and equipment finance markets. read more

MacQueen Equipment Acquires Bell Equipment

MacQueen Equipment, a Rotunda Capital Partners portfolio company, acquired Bell Equipment. With this acquisition, MacQueen Equipment has expanded its environmental equipment dealership network to Michigan and Ohio. read more

North Star Leasing Becomes Official Division of Peoples Bank

North Star Leasing Company is now a division of Peoples Bank. The acquisition became effective on April 1, with North Star Leasing’s business operations remaining in Burlington, VT. read more

TriumphPay Acquires HubTran for $97MM

TriumphPay, a division of TBK Bank, entered into a definitive agreement to acquire HubTran, a cloud-based provider of automation software for the transportation industry's back-office. Under the terms of the agreement, TriumphPay will acquire HubTran for $97 million in cash. read more

Citizens Advises Telestream on Acquisition of Masstech

Citizens M&A Advisory served as the exclusive financial advisor to Telestream in its acquisition of Masstech. This was Telestream’s 10th acquisition, coming shortly after its purchase of EcoDigital. read more

Huntington, TCF Shareholders Approve Merger

The shareholders of Huntington Bancshares and TCF Financial approved the proposed merger of TCF into Huntington at their respective special meetings of shareholders. read more

I Squared Capital Acquires Star Leasing

I Squared Capital, through its ISQ Global Infrastructure Fund II, acquired Star Leasing, a trailer lessor in the U.S., from its shareholders. read more

Wabtec Buys Nordco for $400MM

Wabtec signed a definitive agreement to acquire Nordco from Greenbriar Equity Group for $400 million in cash. Nordco is a North American supplier of new, rebuilt and used maintenance of way equipment. read more

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