Of Interest

Moritt Hock & Hamroff Recognized in Best Lawyers 2024 Best Law Firms Report

Moritt Hock & Hamroff was recognized in the 2024 edition of Best Law Firms nationally in one practice area and regionally in four practice areas, earning national recognition for its bankruptcy and creditor debtor rights/insolvency and reorganization law practice. read more

LeaseWorks Signs BBAM as First Customer for Newly Launched Utilization Tracker

LeaseWorks, a provider of cloud-based solutions and services, signed aircraft lessor BBAM as its first customer for the recently launched LeaseWorks Utilization Tracker within the Aeris MATCH software ecosystem. read more

Federal Reserve Continues Pause on Interest Rate Hikes

The Federal Reserve announced on Thursday stated that it will maintain the target range for the federal funds rate between 5.25% and 5.5%. The Fed made a similar decision in September, pausing its run of hikes aimed at curbing rising inflation that began in March 2022. read more

H&E Equipment Services Acquires California-Based Equipment Provider

Equipment rental company H&E Equipment Services acquired the equipment rental assets of Giffin Equipment, a California-based provider of non-residential construction and industrial equipment. read more

Wells Fargo Vice Chairman to Leave Company

Thomas R. Nides, vice chairman of Wells Fargo, will leave the company to return his attention to events in the Middle East. Nides joined Wells Fargo in September after retiring in July as U.S. ambassador to Israel, a post he had held since 2021. read more

Ares Management Closes $6.6B Pathfinder II Alternative Credit Fund

Ares Management closed Ares Pathfinder Fund II at $6.6 billion in commitments. The fund was oversubscribed and closed at its hard cap, which exceeded its $5 billion target. read more

Republic First Bancorp and Norcross Braca Group Announce $35MM Investment

Republic First Bancorp, the parent company of Republic Bank, and the Norcross Braca Group signed a securities purchase agreement to effectuate a $35 million investment by the Norcross Braca Group. read more

IDC FutureScape: AI Will Reshape IT Industry and Way Businesses Operate

According to the International Data Corporation’s recently published worldwide information technology industry predictions for 2024 and beyond, by 2025, Global 2000 organizations will allocate more than 40% of their core IT spend to artificial intelligence-related initiatives. read more

Penske Truck Leasing Adds Xos Stepvan to Electric Fleet Offering

Penske Truck Leasing added Xos 100% battery-electric trucks to its fleet, specifically the Xos Stepvan. Penske will deploy the trucks with multiple customers in various industries. read more

Transervice Logistics Partners with Book Donation Organization in New York

For the entire month of September, employees at Transervice Logistics collected books, CDs, DVDs and magazines for The Book Fairies, a book donation organization based in Freeport, NY. read more

Brightwood Capital Advisors Provides Financing to Support Plexus Capital Acquisition

Brightwood Capital Advisors provided financing to support the acquisition of Southern Elevator Group, a provider of elevator maintenance, modernization, installation and repair services, by Plexus Capital. read more

BMO Survey Shows 32% of Business Leaders Have Strategy to Address Climate Change

According to the second annual BMO Climate Institute Business Leaders Survey, the business impact of climate change is driving more business leaders to think about mitigation plans, especially in the U.S. read more

Ryder to Acquire Impact Fulfillment Services

Ryder entered into a definitive agreement in the third quarter to acquire all of the outstanding equity of IFS Holdings, also known as Impact Fulfillment Services, which specializes in contract packaging, contract manufacturing and warehousing for consumer brands in the U.S. read more

Stearns Bank Adds Sizer and Márquez Peterson to Board of Directors

Stearns Bank added John C. Sizer and Lea Márquez Peterson to its board of directors. Sizer and Peterson have experience in audit and regulatory oversight, economic and entrepreneurial empowerment and corporate leadership. read more

Cadence Bank to Sell Insurance Operations to Gallagher for $904MM

Cadence Bank entered into a definitive agreement to sell its insurance operations, Cadence Insurance, to Arthur J. Gallagher & Co. for $904 million in cash. read more

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