Posts By: businessnewstoday

Costco acquires logistics solutions provider Innovel Solutions for $1bn

Costco acquisition of Innovel Solutions : US warehouse clubs chain Costco Wholesale Corporation has acquired Innovel Solutions, a provider of third-party end-to-end logistics solutions for $1 billion from Transform Holdco (TFCO), the operator of the Sears and Kmart stores. For several years, Innovel Solutions has provided US department store chain Sears and, more recently, third […]

Provident Financial Services, SB One Bancorp sign $209m merger deal

Provident Financial Services, the parent company of Provident Bank, has signed an all-stock deal worth around $208.9 million with SB One Bancorp, the parent company of SB One Bank. The combined banking organization will have nearly $12 billion in assets and is expected to become the third-largest bank based in New Jersey. The merger is […]

Banco Santander acquires 50.1% stake in Spanish fintech company Mercury TFS

Banco Santander has expanded its global trade platform for companies by acquiring a 50.1% stake in Spanish fintech company Mercury Trade Finance Solutions (Mercury TFS) for €30 million. Mercury TFS is a trade finance digitalization software provider, which specializes in software solutions designed for automating the end-to-end management of trade finance transactions for corporate customers. […]

World Insurance Associates acquires Virginia Insurance Partners

New Jersey-based insurance agency World Insurance Associates (WIA) has acquired Virginia Insurance Partners, based in Virginia, for an undisclosed price, as per the latest insurance acquisition news. Virginia Insurance Partners (VIP) is an independent insurance agency that caters to its clients with personal, commercial, farm, life, and benefits policies across Virginia. The insurance agency is […]

Boston Omaha acquires rural broadband provider AireBeam Communications

Boston Omaha Corporation has acquired AireBeam Communications, a rural broadband fiber and fixed wireless internet service provider, to foray into the telecommunications services business. Financial terms of the deal were not disclosed. Until the acquisition, Boston Omaha, which is a public holding company, has majority-owned businesses engaged in outdoor advertising and surety insurance. AireBeam Communications […]

Jacob Leinenkugel launches seltzer beer brand Leinenkugel’s Spritzen

Jacob Leinenkugel Brewing Company, a US craft brewery, has launched a new trio of seltzer beers under the name Leinenkugel’s Spritzen, which is available across the country. Leinenkugel’s Spritzen marks the first new release across the US for the Jacob Leinenkugel Brewing Company in three years. The craft beer is available in three flavors – […]

PepsiCo to acquire Rockstar Energy Beverages for $3.85bn

PepsiCo acquisition of Rockstar Energy Beverages : PepsiCo has signed a $3.85 billion deal to acquire Las Vegas-based energy drink maker Rockstar Energy Beverages in a move to expand its footprint in the fast-growing energy category. Founded in 2001, Rockstar Energy Beverages produces beverages that target people who lead active lifestyles from athletes to rock […]

Belcampo Meat opens new restaurant in San Mateo, California

Belcampo Meat has opened a new restaurant at 4 Hillsdale Mall in San Mateo, California, which will offer keto-friendly, gluten-free and dairy-free menu items. The new restaurant is located at the Hillsdale Shopping Center. It offers menu items such as a whole pasture-raised chicken dinner, signature cocktails, and items from Belcampo Meat’s restaurants in Bay […]

Aon to acquire Willis Towers Watson in $30bn all-stock deal

Aon acquisition of Willis Towers Watson : Aon has signed an all-stock deal worth around $30 billion to acquire Willis Towers Watson in what will be one of the biggest insurance acquisitions ever. The Aon, Willis Towers Watson merger is set to create the largest insurance broker in the world with an implied combined equity […]

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