Mergers / Acquisitions

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

Flushing Financial Completes Integration of Empire Bancorp

Flushing Financial, the parent holding company for Flushing Bank, completed the integration of Empire Bancorp. read more

PNC Agrees to Acquire BBVA USA for $11.6B

The PNC Financial Services Group and the Spanish financial group, Banco Bilbao Vizcaya Argentaria, signed a definitive agreement for PNC to acquire BBVA USA Bancshares, including its U.S. banking subsidiary, BBVA USA, for a purchase price of $11.6 billion. read more

Adaptec Solutions Completes Acquisition of Integrated Solutions

Adaptec Solutions acquired Memphis, TN-based Integrated Solutions, a supplier of custom engineered to order material handling equipment with experience in complex conveyor solutions. read more

Enterprise Financial Services Completes Merger With Seacoast Commerce Bank

Enterprise Financial Services, the holding company of Enterprise Bank & Trust (EB&T), completed its merger with Seacoast Commerce Banc Holdings and the merger of EB&T with Seacoast’s wholly-owned subsidiary, Seacoast Commerce Bank. read more

Solar Capital Acquires Kingsbridge Holdings

Solar Capital, which directly sources and underwrites cash flow loans, asset-based loans, life science loans and equipment financing, acquired a majority stake in Kingsbridge Holdings, which is an independent lessor of equipment based in Illinois. read more

Alliance Funding Group Acquires Summit Commercial Finance

Alliance Funding Group acquired Summit Commercial Finance, an independent specialty finance and leasing company based in Scottsdale, AZ. read more

Ritchie Bros. Acquires Rouse Services

Ritchie Bros. Auctioneers and Rouse Services entered into a definitive agreement under which Ritchie Bros. will acquire Rouse Services for approximately $275 million. read more

First Citizens and CIT to Merge

First Citizens BancShares, the parent company of First-Citizens Bank & Trust Company, and CIT Group, the parent company of CIT Bank, will combine in an all-stock merger of equals to create the 19th largest bank in the United States based on assets. read more

Alta Equipment Group to Acquire Howell Tractor and Equipment

Alta Equipment Group entered into a definitive agreement to acquire Howell Tractor and Equipment, a privately held heavy equipment dealer serving Northern Illinois and Northwest Indiana. read more

Enova Completes Acquisition of OnDeck

Enova International completed the acquisition of OnDeck Capital for approximately $122 million. In July, Enova entered into a definitive agreement to acquire all outstanding shares of OnDeck in a cash and stock transaction that was originally valued at approximately $90 million. read more

Snap-on Acquires AutoCrib for $36MM

Snap-on acquired the assets of AutoCrib for approximately $36 million in cash. Based in Tustin, CA, with 2019 sales of approximately $30 million, AutoCrib is a designer, manufacturer and marketer of tool and asset control solutions. read more

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