Mergers / Acquisitions

Komatsu America Acquires Road Machinery Branches in Southwest

Komatsu America purchased four branches of Road Machinery that will become company-owned facilities under the Komatsu Southwest banner. read more

CIT Sells Commercial Air Business to Avolon for $10B

CIT entered into an agreement to sell its commercial air business to Avolon Holdings for a purchase price of $10 billion. The transaction is expected to close by the end of Q1/17. read more

The Alta Group Advises Connext on Acquisition by Engs

The Alta Group served as financial advisor to Connext Financial in its acquisition by Engs Commercial Finance. It was the fourth equipment finance company acquisition of 2016 that Alta has played a part in. read more

Private Equity Firm to Acquire Ascentium Capital

Funds affiliated with private equity firm Warburg Pincus have agreed to acquire Ascentium Capital. read more

Wells Fargo Completes Acquisition of GE Capital’s EMEA CDF Business

Wells Fargo completed the purchase of the Europe, Middle East and Africa segment of GE Capital’s Commercial Distribution Finance business. read more

CIT Completes Sale of Canadian Equipment Finance Business

CIT Group completed the sale of its Canadian equipment finance and corporate finance businesses (CIT Canada), with assets of approximately $700 million, to Laurentian Bank of Canada. read more

Engs Commercial Finance Acquires Connext Financial

Engs Commercial Finance and Connext Financial entered into definitive agreement under which Engs acquired all the outstanding shares of Connext. read more

INFOR Files Final Prospectus on ECN Capital Acquisition

INFOR Acquisition received a receipt for a final non-offering prospectus in connection with the completion of its proposed qualifying acquisition with ECN Capital. read more

GE Completes Sale of U.S. Restaurant Finance Assets

GE completed the sale of GE Capital’s U.S. restaurant financing assets to First Horizon National, Wintrust Financial and Sterling National Bank. read more

TIAA Announces Future Leadership of EverBank Financial

TIAA announced the future appointment of the chairman and CEO of its new diversified, nationwide bank after it completes the acquisition of EverBank Financial. read more

Reuters: Avolon Closer to Acquiring CIT’s Aircraft Leasing Unit

Reuters reported Avolon Holdings is nearing a deal to buy the aircraft leasing assets of CIT for between $3 billion and $4 billion. read more

GE Sells Lending/Leasing Business in India to Former Execs

GE completed the sale of its Commercial Lending and Leasing business in India to a consortium of former GE Capital executives. read more

Ritchie Bros. Acquires IronPlanet, Partners with Caterpillar

Ritchie Bros. will acquire IronPlanet for approximately $758.5 million. Additionally, the company entered into a five-year strategic alliance with Caterpillar. read more

Konecranes Must Divest STAHL CraneSystems to Receive Terex Buy Approval

Konecranes must divest its STAHL CraneSystems business to receive approval from the European Commission for its pending acquisition of Terex’s MHPS business read more

Big Tex Trailers, American Trailer Works Complete Merger

Big Tex Trailers and American Trailer Works completed their merger. The combined company will be led by Curt Howell as CEO. The management team will be assembled from the executive ranks of both Big Tex and ATW. read more

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