Posts Tagged: USA

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 […]

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 […]

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 – […]

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 […]

Tinubu Square acquires surety underwriting automation platform eSURETY

Tinubu Square acquisition of eSURETY : France-based Tinubu Square, which provides enterprise software solutions to credit and surety insurers, has acquired US-based premier surety underwriting automation platform eSURETY for an undisclosed price. eSURETY marks the first corporate acquisition in the US for Tinubu Square and is said to fully integrate the two firms’ expertise in the […]

Blackboard to sell Open LMS to Learning Technologies Group for $31.7m

US educational technology company Blackboard has agreed to sell its Blackboard Open LMS business to Learning Technologies Group (LTG), a UK-based end-to-end learning and talent management solutions provider, for $31.7 million. Open LMS is said to be the largest commercial provider of the open-source learning platform Modular Object-Oriented Dynamic Learning Environment (Moodle) in the world. […]

US Foods to acquire Smart Foodservice Warehouse Stores for $970m

US Foods acquisition of Smart Foodservice : US Foods has agreed to acquire Smart Foodservice Warehouse Stores, an Oregon-based warehouse grocery store chain from funds managed by affiliates of Apollo Global Management for $970 million in an all-cash deal as per the latest retail acquisition news. The US foodservice distributor believes that the acquisition will […]

Hormel Foods acquires pit-smoked meats supplier Sadler’s Smokehouse

Hormel Foods has closed its previously announced $270 million acquisition of Sadler’s Smokehouse, a Texas-based pit-smoked meats supplier for foodservice and retail customers. Sadler’s Smokehouse is engaged in delivering premium pit-smoked whole muscle meats with custom injections, flavors, rubs, and spice blends. The company has been supplying its meat products to Hormel Foods for more […]

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