Mergers / Acquisitions

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

Avation Commercial in Talks to Sell Off Six ATR 72s

Commercial aircraft leasing company Avation said it is in talks to sell off six of its ATR aircraft to an undisclosed buyer and is expected to raise $31 million in net proceeds. read more

Cowan Systems Acquires Harris Trucking

Trucking company Cowan Systems acquired certain assets of Dick Harris & Son Trucking. read more

Genpact Acquires LeaseDimensions

Genpact acquired LeaseDimensions, a technology-enabled business processing management and information technology services company catering to equipment, vehicle finance and renewable energy companies. read more

CIT Reaches Agreement to Sell Stake In TC-CIT Aviation Joint Ventures

CIT Group reached an agreement to sell its 30% ownership stake in the commercial aircraft leasing joint ventures TC-CIT Aviation Ireland and TC-CIT Aviation to its joint venture partner Tokyo Century. read more

Textron Finalizes Arctic Cat Acquisition

Textron completed the acquisition of Arctic Cat Inc. by means of a short-form merger under Minnesota law. As a result, Arctic Cat has become an indirect wholly owned subsidiary of Textron. read more

Textron Completes Initial Offering Period for Artic Cat Merger

Textron completed the cash tender offer by Aces Acquisition, an indirect wholly owned subsidiary of Textron, for all of the issued and outstanding shares of common stock of Arctic Cat. read more

Toshiba Sells Medical Equipment Leasing Unit to Canon

Toshiba will sell all shares of Toshiba Medical Finance to Canon. The transaction will become effective on March 31, 2017 on which date TMF will become a consolidated subsidiary of Canon. read more

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