Mergers / Acquisitions

Bank of Southern California to Merge with California Bank of Commerce

Southern California Bancorp, the holding company for Bank of Southern California, and California BanCorp, the holding company for California Bank of Commerce, will merge in an all-stock transaction valued at approximately $233.6 million. read more

BlackRock Agrees to Acquire Global Infrastructure Partners for $3B

BlackRock entered an agreement to acquire Global Infrastructure Partners, an independent infrastructure fund manager, for total consideration of $3 billion of cash and approximately 12 million shares of BlackRock common stock. read more

Citizens M&A Outlook Finds Surging Enthusiasm for Dealmaking in 2024

Citizens’ 2024 M&A outlook report revealed optimism about the environment for dealmaking activity this year, underpinned by solid expectations for the U.S. economy and a pop in enthusiasm, especially among buyers. read more

HSBC Continental Europe Completes Sale of Retail Banking Business in France

HSBC Continental Europe completed the sale of its retail banking business in France to CCF, a subsidiary of Promontoria MMB SAS (My Money Group) on Jan. 1. read more

TFI International to Acquire Daseke

Daseke, a North American transportation solutions specialist, entered into a definitive agreement to be acquired by TFI International, a North American transportation and logistics company, in an all-cash transaction that values Daseke at an enterprise value of approximately $1.1 billion. read more

Houlihan Lokey Expands Private Funds Group with Triago Acquisition

Houlihan Lokey expanded its private funds group by acquiring Triago Management Development, an independent advisory firm with core capabilities in primary fund and direct investment fundraising. read more

Royal Bank of Canada Receives Approval to Proceed with Acquisition of HSBC Canada

Royal Bank of Canada received approval to proceed with its acquisition of HSBC Bank Canada from Canada’s federal Minister of Finance. read more

Baltimore Potomac Truck Centers Acquires TMI Truck & Equipment

Baltimore Potomac Truck Centers acquired TMI Truck & Equipment, which consists of two dealerships in Chesapeake and Norfolk, VA. The acquisition was completed on Nov. 13. read more

American Industrial Transport Completes Acquisition of SMBC Rail Services

American Industrial Transport, an affiliate of ITE Management, completed the acquisition of certain of the railcar assets and operations formerly owned by rail leasing company SMBC Rail Services. read more

H&E Equipment Services to Acquire Phoenix-based Precision Rentals

H&E Equipment Services signed a definitive agreement to acquire the business of Phoenix-based Precision Rentals. read more

Grant Thornton Survey Finds M&A Deals and Disputes are on the Rise

A new survey on mergers and acquisitions disputes from audit, tax and advisory firm Grant Thornton revealed that dispute activity has increased along with overall deal volume. read more

Banc of California and PacWest Bancorp Complete Merger

Banc of California completed its merger with PacWest Bancorp pursuant to which PacWest has merged into Banc of California and, as of today, Banc of California has merged into Pacific Western Bank. The combined bank will operate under the Banc of California name and brand. read more

Banc of California and PacWest Bancorp Receive Stockholder Approval for Merger

Banc of California and PacWest Bancorp received the necessary stockholder approval for the proposed combination of Banc of California and PacWest at their respective special meetings of stockholders held last week. read more

Textainer Announces Expiration of ‘Go-Shop’ Period Related to Stonepeak Acquisition

Textainer Group, a lessor of intermodal containers, announced the expiration of the 30-day “go-shop” period under the terms of the definitive agreement it entered into to be acquired by Stonepeak, an alternative investment firm specializing in infrastructure and real assets. read more

Apollo Affiliate Acquires Kelley Leasing Partners, Launches Compressed Gas Equipment Services Platform

Composite Advanced Technologies, an affiliate of Apollo, acquired Kelley Leasing Partners, a compressed gas transportation leasing company, and launched Hydria, a compressed gas platform providing equipment and services. read more

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