Ali Group, a manufacturer of foodservice equipment, and Welbilt entered into a definitive merger agreement under which Ali Group will acquire Welbilt in an all-cash transaction for $24 per share, or approximately $3.5 billion in aggregate equity value and $4.8 billion in enterprise value. read more

JUL 19, 2021 - 6:46 am

Moody’s Investors Service upgraded Global Ship Lease’s corporate family rating from B2 to B1 with a stable outlook. read more

JUL 19, 2021 - 6:41 am

Almost all of the businesses surveyed (90%) for a new report from S&P Global Market Intelligence expressed some degree of optimism about their expectations for performance in 2021 as the economy recovers from the COVID-19 pandemic. read more

JUL 16, 2021 - 6:05 am

Element Fleet Management entered an agreement with Qmerit. Through its Charging@Home solution, Qmerit will provide Element clients with installations and support of electric vehicle chargers at individual and multi-family residences. read more

JUL 16, 2021 - 5:58 am

Pratt & Whitney, a Raytheon Technologies business, has booked more than 800 orders and commitments for GTF engines since the beginning of 2021, including orders from customers like Frontier Airlines, Volaris, Air France, Delta Air Lines and, most recently, AerCap. read more

JUL 16, 2021 - 5:55 am

According to International Data Corporation, worldwide shipments of traditional PCs, including desktops, notebooks and workstations, reached 83.6 million units in Q2/21, up 13.2% from Q2/20. read more

JUL 13, 2021 - 6:51 am

Stearns Bank is partnering with Zogo Finance, a financial technology company, to offer all-age financial education tools through Zogo’s mobile app. read more

JUL 12, 2021 - 6:23 am

Tiger Group and Schneider Industries recently conducted an online auction of assets from a 30-barrel, semi-automated brewhouse in Eureka, CA, that generated proceeds 15% greater than the sale partners’ expectations. read more

JUL 12, 2021 - 6:18 am

IDS, a provider of enterprise solutions for secured finance, completed the migration of IDS ABL to IDScloud, a software-as-a-service-based solution for secured finance. read more

JUL 9, 2021 - 6:11 am

According to International Data Corporation, worldwide annual recurring revenues from dedicated (local) cloud infrastructure-as-a-service offerings for compute and storage will increase from $138 million in 2020 to $14 billion in 2025 with a compound annual growth rate of 151.8%. read more

JUL 8, 2021 - 6:05 am

Clutch, a market research firm, recognized Liventus as one of the leading B2B firms in Illinois for 2021, naming the company to its “Leader Awards in Illinois, 2021” list. Liventus has been named among the top 1% of 300 companies highlighted on Clutch's platform for two consecutive years (2020 and 2021). read more

JUL 7, 2021 - 6:26 am

ACIA Aero Leasing, a provider of regional aircraft leasing and lease management services, and Mexico-based TAR Aerolíneas finalized an agreement for the lease of four Rolls-Royce AE 3007A engines to support the carrier’s Embraer ERJ145 fleet. read more

JUL 7, 2021 - 6:23 am

MMP Capital, a lender specializing in equipment financing, leasing and unsecured capital financing, awarded four scholarships for students to attend Maria Regina School from kindergarten to eighth grade.  read more

JUL 6, 2021 - 6:25 am

According to International Data Corporation, spending on compute and storage infrastructure products for cloud infrastructure, including dedicated and shared environments, increased 12.5% year over year in Q1/21 to $15.1 billion. read more

JUL 2, 2021 - 7:12 am

Alfa, the provider of Alfa Systems, a software platform for asset finance, published the third and final paper in its thought leadership series AI in Equipment and Auto Finance. This final part of the series focuses on machine learning. read more

JUL 2, 2021 - 7:07 am