Mergers / Acquisitions

Brookfield Infrastructure Partners and Triton Receive Final Regulatory Approval for Acquisition

Brookfield Infrastructure Partners and Triton International have received all required regulatory approvals for the previously announced acquisition of Triton by Brookfield following the receipt of clearance from the Committee on Foreign Investment in the United States this week. read more

Stearns Bank Acquires Majority of Contract Capital Corporation

Stearns Bank acquired a majority stake in Contract Capital Corporation, a provider of specialized financing services to managed service providers. read more

Société Générale’s Equipment Finance Division Could Be Sold

According to Reuters, Société Générale may consider selling its equipment finance division, with the bank viewing “the business as non-core.” read more

Bank of Clarke Sells Marine Lending Business to Axos Bank

Virginia-based Bank of Clarke sold the assets of LaVictoire Finance, its marine lending business, to Axos Bank, a unit of Axos Financial. read more

Star Leasing Company Combines with Commercial Trailer Leasing

Star Leasing Company, a provider of trailer leasing and maintenance services, signed an agreement to combine with Commercial Trailer Leasing, a trailer lessor with a fleet size of more than 19,000 assets. Star Leasing also recently combined with North East Trailer Services.  read more

Titan Machinery to Acquire Australian Case IH Dealership Group for $63MM

Titan Machinery, an owner of a network of agricultural and construction equipment stores, entered into a definitive purchase agreement to acquire J.J. O’Connor & Sons (O’Connors), a Case IH dealership group in Australia, for $63 million in cash. read more

Standard Chartered Sells Aviation Leasing Business to Saudi Arabia’s Sovereign Wealth Fund

Standard Chartered signed agreements for the sale of its global aviation finance leasing business for $700 million to AviLease, an aircraft leasing company owned by Saudi Arabia’s sovereign wealth fund. read more

Triton Shareholders Approve Acquisition by Brookfield Infrastructure Partners

The shareholders of intermodal freight container lessor Triton International voted to approve the acquisition of the company by Brookfield Infrastructure Partners through its subsidiary, Brookfield Infrastructure Corporation, and its institutional partners at a special general meeting of shareholders. read more

IOU Financial Declines North Mill Equipment Finance’s Acquisition Proposal

IOU Financial informed North Mill Equipment Finance that the proposal IOU received from North Mill to acquire all outstanding shares of IOU at a price of $0.28 cash for each share did not constitute a "superior proposal" to a previous arrangement with 9494-3677 Québec Inc. read more

Quiktrak Merges with Douglas-Guardian Services Corporation

After being acquired by RCap Equity Partners, Quiktrak left the Bureau Veritas Group and merged with the Douglas-Guardian Services Corporation on July 20. Sudhakar Goverdhanam was appointed the CEO of the new Quiktrak. read more

Gordon Brothers and Nations Capital Join Forces to Expand Commercial & Industrial Presence

Gordon Brothers, an advisory, restructuring and investment firm, and Nations Capital (NCI) joined forces to expand the firms’ commercial and industrial market presence and serve a broader range of clients with holistic solutions. read more

US Bancorp Announces Debt/Equity Conversion with MUFG

U.S. Bancorp plans to issue 24 million shares of common stock to an affiliate of Mitsubishi UFJ Financial Group (MUFG) for a purchase price of $936 million. U.S. Bancorp will use proceeds of the transaction to satisfy a portion of its previously announced repayment obligation to MUFG. read more

Voyager Aviation Agrees to Sell Assets to Azorra, Enters Chapter 11

Voyager Aviation, an aviation investment firm, reached an agreement to sell substantially all its assets to aircraft lessor Azorra Explorer. To execute the sale, Voyager Aviation filed for voluntary protection under Chapter 11 of the U.S. Bankruptcy Code. read more

North Mill Equipment Finance Sends Offer to Acquire IOU Financial

North Mill Equipment Finance sent a letter recently to the special committee of the board of directors of IOU Financial proposing to acquire the company at a 27% premium to the price per share agreed to by IOU and a group of inside shareholders. read more

Banc of California to Merge with PacWest Bancorp

Banc of California signed a definitive merger agreement with PacWest Bancorp. The combined holding company and bank will operate under the Banc of California name and brand following closing of the transaction. read more

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