Mergers / Acquisitions

Konecranes’ Acquisition of Terex MHPS Business Receives Clearances

The proposed transactions for the sale of Terex’s Material Handling & Port Solutions business to Konecranes received clearances from the European and U.S. antitrust regulators. read more

Huntington Bancshares Completes Acquisition of FirstMerit

Huntington Bancshares closed the acquisition of FirstMerit and is now operating as one company. The acquisition grows Huntington Bank to approximately $100 billion in assets. read more

NESCO Acquires V&H Leasing Services

NESCO acquired V&H Leasing Services from V&H Inc. This acquisition will bring V&H’s rail rental business to NESCO’s newest division, NESCO Specialty Rentals. read more

Premier Trailer Leasing Acquired by Redwood Capital

Premier Trailer Leasing, a provider of trailer leasing and rental assets in the U.S., was acquired by Redwood Capital Investments from Garrison Investment Group. read more

TIAA Agrees to Acquire EverBank in $2.5B Deal

TIAA announced an agreement to acquire EverBank in a deal valued at $2.5 billion. The deal is expected to close in the first half of 2017. read more

TIP Trailer Services Acquires Canadian-Owned Train Trailer

TIP Trailer Services, a European provider of transport equipment leasing, finalized the purchase of Train Trailer, a Canadian provider of trailer rentals, leasing and storage. read more

Reuters: AirAsia Putting Leasing Arm Up For Sale

Reuters reported that AirAsia will begin the sale of Asia Aviation Capital this month and may value the business at roughly $1 billion. read more

Reuters: TIAA May Acquire EverBank for $2.5B

Reuters reported that TIAA may be close to acquiring EverBank, as the financial services company has entered into exclusive negotiations to purchase the Jacksonville, FL–based bank for $2.5 billion. read more

Ritchie Bros. Acquires Petrowsky Auctioneers

Ritchie Bros. has acquired the business of Petrowsky Auctioneers, enhancing its market presence in the New England region. read more

Wells Fargo Completes Acquisition of GE Capital’s CDF Business in AU & NZ

Wells Fargo completed the purchase of the Australian and New Zealand segments of GE Capital’s Commercial Distribution Finance business. read more

EverBank in ‘Advanced Negotiations’ to Be Acquired

As a result of an ongoing review of its strategic alternatives, EverBank is in advanced negotiations with a well-respected financial services company regarding a transaction in which EverBank Financial would be acquired. read more

CIT Q2 Earnings Hurt by Reverse Mortgage Servicing Business

CIT Group reported Q2/16 net income of $14 million compared to net income of $115 million in Q2/15. CIT noted a net loss of $167 million that relates to a reverse mortgage servicing business that was part of the OneWest Bank acquisition. read more

Bloomberg: EverBank Receives Unsolicited Bid, Hires Adviser

Bloomberg reported EverBank Financial hired an adviser and is exploring a sale after receiving interest from a potential buyer. read more

GE Sells Equipment Finance, A/R Businesses to French Bank

GE completed the sale of its equipment finance and receivable finance businesses in France and Germany, with an ending net investment of $6.8 billion, to a French bank. read more

Komatsu to Acquire Joy Global in $3.7B Deal

Joy Global's board approved a merger agreement under which Komatsu America will acquire Joy in a transaction valued at $3.7 billion, including indebtedness. read more

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