Mergers / Acquisitions

Trinity Industries Acquires RSI Logistics for $70MM

Trinity Industries acquired RSI Logistics for a purchase price of $70 million. RSI Logistics is a data-centric provider of proprietary software, logistics services and terminal management solutions for the North American rail industry. read more

Ritchie Bros. Closes $1.35B in Senior Notes to Partially Fund IAA Merger

Ritchie Bros. closed an offering of $550 million aggregate principal amount of 6.75% senior secured notes and $800 million aggregate principal amount of 7.75% senior unsecured notes to partially fund its merger with IAA. read more

Republic Bank Completes Acquisition of CBank for $51MM

Republic Bancorp, the parent company of Republic Bank & Trust Company, completed its previously announced acquisition of CBank and CBank’s wholly owned subsidiary, Commercial Industrial Finance, for approximately $51 million in cash. read more

Ritchie Bros. Shareholders Approve IAA Acquisition

Ritchie Bros. shareholders voted to approve the proposed acquisition of IAA. Ritchie Bros. will file final certified voting results on an 8-K with the U.S. Securities and Exchange Commission as soon as practicable. read more

Stratos Acquires Magi Aviation Capital

Stratos, an independent aircraft investment specialist, reached an agreement to acquire Magi Aviation Capital (Magi), a fellow independent aircraft finance specialist and aircraft asset manager, and its various subsidiaries. The acquisition is expected to be completed in the coming weeks. read more

McGrath Acquires Brekke Storage

McGrath RentCorp, a business-to-business rental company in North America, acquired the assets of Brekke Storage, a regional provider of portable storage solutions in the Colorado market. read more

LINKBANCORP and Partners Bancorp to Combine in Transformational Merger of Equals

LINKBANCORP, parent company of LINKBANK, and Partners Bancorp entered into a definitive agreement under which the companies will combine in an all-stock combination, valued at approximately $167.8 million, based on LINK's 10 day volume-weighted average price of $8.08 as of Feb. 21. read more

Truist Sells 20% Stake in Truist Insurance Holdings to Stone Point Capital for $1.95B

Truist agreed to sell a 20% stake in Truist Insurance Holdings to funds managed by private equity firm Stone Point Capital for $1.95 billion. read more

TD Bank and First Horizon Extend Outside Date of Proposed Merger to May 27

TD Bank Group and First Horizon Corporation mutually agreed to extend the outside date of their proposed merger transaction from Feb. 27 to May 27 in accordance with the terms of the merger agreement. read more

BMO Completes Acquisition of Bank of the West

BMO Financial Group, and its subsidiaries BMO Financial Corp. and BMO Harris Bank, completed the acquisition of Bank of the West from BNP Paribas. read more

Seacoast National Bank Completes Acquisition of Professional Bank

Seacoast Bank of Florida, the holding company for Seacoast National Bank, completed its acquisition of Professional Holding Corp., the parent company of Professional Bank. Seacoast National Bank is the surviving financial institution. read more

Ritchie Bros. and IAA Amend Merger Agreement

Ritchie Bros. and IAA amended the terms of their previously announced merger agreement. The amended agreement shifts the consideration makeup to a cash/stock mix of approximately 29% cash and 71% stock from the previous mix of 22% cash and 78% stock. read more

BMO Receives Final Regulatory Approvals for Bank of the West Acquisition

BMO Financial Group has received all required regulatory approvals to complete its acquisition of Bank of the West from BNP Paribas and expects the acquisition to close on Feb. 1, subject to the satisfaction of customary closing conditions. read more

Columbia Banking and Umpqua Holdings Announce FDIC Approval for Combination

Columbia Banking System, the parent company of Columbia Bank, and Umpqua Holdings Corporation, the parent company of Umpqua Bank, jointly announced that the Federal Deposit Insurance Corporation approved the previously announced combination of the two companies. read more

Citizens M&A Outlook Optimistic Despite Headwinds

Citizens’ 2023 M&A Outlook revealed both upbeat expectations for company performance and high desire for growth in a low-growth world in the coming year. read more

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