Mergers and Acquisitions

Mergers and Acquisitions

Mergers and Acquisitions News from Mortgage & Finance News magazine

Mergers and Acquisitions

Mergers and Acquisitions
Mergers and Acquisitions News from Mortgage & Finance News magazine

News: Galway Insurance Holdings Secures Majority Interest from Harvest Partners with New Equity Investments from Oak Hill Capital and The Carlyle...

Mortgage and Finance News: (SAN FRANCISCO, Calif.) Galway Insurance Holdings ("Galway"), the holding company for EPIC Brokers & Consultants ("EPIC") and JenCap Holdings ("JenCap"), which together represent one of the nation's largest insurance distribution firms, announced today that it has signed a definitive agreement with vehicles controlled by Harvest Partners, LP and its affiliates ("Harvest") for a majority interest of Galway.

News: LTC NEWS Acquisition Anticipates Growth and Expansion

Mortgage and Finance News: (CHICAGO, Ill.) Matt McCann, a nationally-known veteran of the long-term care (LTC) insurance industry, announces the formation of LTC NEWS, LLC after acquiring the online asset - ltcnews.com.

News: Lowden Street Capital Announces Acquisition of Southern Air Custom Interiors, Inc.

Mortgage and Finance News: (ALEXANDER CITY, Ala.) Lowden Street Capital, a private equity firm focused on rural market investing, acquired Southern Air Custom Interiors, Inc., an upholstery company out of Haleyville, Ala. that focuses on custom aircraft interiors, on April 30, 2020.

News: Texoma Real Estate Firm 580 Realty Combines Digital Marketing with Independent Agility Through Acquisition with Okie Land & Home

Mortgage and Finance News: (TEXOMA, Okla.) Okie Land & Home Monica Lambert are joining 580 Realty, a successful association which will bring together an independent firehouse to a stellar realty team, expanding the service area by an additional five counties. This now includes Coal, Pontotoc, Pittsburg, Latimer, Pushmataha, Hughes and McIntosh. From Lake Eufaula to Lake Texoma! Kiamichi Wilderness to Arbuckle Mountains!!!

News: Paragon Insurance Holdings Acquires Trident Public Risk Solutions from Argo Group

Mortgage and Finance News: (NEW YORK, N.Y.) Paragon Insurance Holdings, LLC, headquartered in Avon, Connecticut, a national MGA, announced today that it has closed on the purchase of Trident Public Risk Solutions (TPRS). Acquired from Argo Group (Argo), the transaction positions Paragon as one of the largest providers of commercial insurance coverage for public entities in the U.S.

News: Bank of Southern California, NA and CalWest Bancorp, the Holding Company for CalWest Bank, Announce Changes to Merger Agreement

Mortgage and Finance News: (SAN DIEGO, Calif.) Bank of Southern California, N.A. (OTC Pink: BCAL) and CalWest Bancorp (OTCBB: CALW), today announced that they have renegotiated the terms of their merger and have agreed to amend the initial Definitive Agreement announced on October 21, 2019 following shareholder meetings held on April 22, 2020.

News: 777 Partners Announces Acquisition of Uown Leasing

Mortgage and Finance News: (MIAMI, Fla.) 777 Partners, a Miami based investment firm, is pleased to announce the acquisition of Uown Leasing ("Uown"), from Shepard Capital Partners. Uown, a lease-to-own company based in Tampa, was founded in 2008.

News: KROST Kicks Off the Year by Announcing Merger with BPE&H an Accountancy Corporation

Mortgage and Finance News: (PASADENA, Calif.) KROST CPAs and Consultants, a firm based out of Los Angeles, has merged in BPE&H out of Woodland Hills effective January 1, 2020. Seven principals will join the leadership team at KROST, including Scott Eisner, Martin Belak-Berger, Bob Price, Phil D'Amico, Scott Gilmore; and founding BPE&H principals Jerry Block and Jane Plant.

News: Frenkel and Company Completes Transition to EPIC Brand

Mortgage and Finance News: (SAN FRANCISCO, Calif.) Edgewood Partners Insurance Center, which operates as EPIC Insurance Brokers and Consultants (EPIC), announced today that Frenkel & Company, acquired by EPIC in November 2017, has completed their adoption of the EPIC Insurance Brokers & Consultants name and brand.

News: EPIC Insurance Brokers and Consultants and Prime Risk Partners Have Joined Forces

Mortgage and Finance News: (ATLANTA, Ga.) EPIC Insurance Brokers & Consultants and Prime Risk Partners Inc., announced today that they have officially joined forces to continue to build on their national footprint and offer greater specialty support and services to their clients and collaboration among EPIC's colleagues. The transaction previously announced on October 15th has closed.

News: Bank of Southern California, NA and CalWest Bancorp, the Holding Company for CalWest Bank, Announce Agreement to Merge

Mortgage and Finance News: (SAN DIEGO, Calif.) Bank of Southern California, N.A. (OTC Pink: BCAL) and CalWest Bancorp (OTCBB: CALW), today announced the signing of a definitive agreement and plan of merger (the "Agreement") whereby CalWest Bank will merge with and into Bank of Southern California. The merger is subject to customary closing conditions, including the receipt of all regulatory approvals and the approval of the shareholders of CALW and BCAL.

News: The Nation’s 34th Largest Retail Insurance Broker Prime Risk Partners Joins EPIC

Mortgage and Finance News: (ATLANTA, Ga.) Prime Risk Partners Inc. and EPIC Insurance Brokers & Consultants, announced today that they have entered into an agreement to join forces. EPIC, founded in 2007, has grown to become one of the 15 largest U.S. retail insurance brokers and the nation's 9th largest privately-held insurance brokerage.

News: Fannie Hillman + Associates Expands Central Florida Legacy

Mortgage and Finance News: (WINTER PARK, Fla.) Fannie Hillman + Associates, a long-standing fixture in the Central Florida real estate market, has acquired a new location along famed Park Avenue in Winter Park, Florida. On September 26, 2019, Fannie Hillman + Associates, led by President and Broker Scott Hillman, purchased Winter Park Land Company.

News: Integro USA Inc. Completes Transition to EPIC Brand

Mortgage and Finance News: (NEW YORK, N.Y.) Edgewood Partners Insurance Center, which operates as EPIC Insurance Brokers and Consultants (EPIC), announced today that Integro USA, Inc. (Integro USA), acquired by EPIC in January 2019, has completed their adoption of the EPIC Insurance Brokers & Consultants name and brand.

News: JenCap Holdings LLC to Acquire Aran Insurance Services Group, a Specialty Insurance Business

Mortgage and Finance News: (NEW YORK, N.Y.) JenCap Holdings (JenCap), a specialty insurance business, announced today that it has agreed to acquire privately-held Aran Insurance Services Group (Aran), a specialty program administrator with offices in Arizona, Colorado, Massachusetts and New York. Founded in 2009, Aran has been led by Tim Kenny and John LaCava who have built one of the leading program administration insurance platforms in the country.

News: EPIC Insurance Brokers and Consultants Acquires Trumark Insurance and Financial Services

Mortgage and Finance News: (SAN FRANCISCO, Calif.) EPIC Insurance Brokers and Consultants, a retail property and casualty insurance brokerage and employee benefits consultant, announced today the acquisition of Trumark Insurance & Financial Services, a Pleasanton, CA-based Brokerage/General Agency specializing in the institutional financial advisory market.

News: Memphis-based Venture Capital Firm Innova Announces Sale of Portfolio Company Arkis Biosciences to Integra LifeSciences

Mortgage and Finance News: (MEMPHIS, Tenn.) Innova Memphis, a Memphis-based early stage venture capital firm, is pleased to announce the acquisition of its portfolio company Arkis Biosciences. Knoxville-based Arkis, a neuro-surgical medical device company, has been acquired by Integra LifeSciences Holding Corporation, a leading medical technology company.

News: The Solaris Group, LLC Joins Klingenstein Fields

Mortgage and Finance News: (NEW YORK, N.Y.) The Solaris Group (Solaris), a New York-based wealth advisor and investment consultant to non-profit organizations, today announced that it is joining KF Group LP, an affiliate of Klingenstein Fields Wealth Advisors (KFWA), a complementary wealth advisor also based in New York.

News: Klingenstein Fields Wealth Advisors Acquires Assets of The Solaris Group LLC

Mortgage and Finance News: (NEW YORK, N.Y.) Klingenstein Fields Wealth Advisors (KFWA), a leading independent wealth advisor based in New York, today announced the acquisition, through its affiliate KF Group LP, of the assets of The Solaris Group, LLC (Solaris), a complementary New York-based wealth advisor. Together, the combined firm will have over $4.0 billion in assets under management.

News: Best Friends Pet Hotel Announces ESOP Acquisition Led by Mosaic Capital Partners, Becoming the Largest Employee-Owned Pet Care Company

Mortgage and Finance News: (NORWALK, Conn.) Best Friends Pet Hotel, a national operator of pet hotels with 30 locations throughout the United States offering boarding, grooming, doggy day camp, training and retail services at each of its locations, announced today its Employee Stock Ownership Plan, or ESOP, acquisition led by Mosaic Capital Partners.

News: EPIC Acquires Book of Business of Brokers Insurance Mart, Inc. (BIM)

Mortgage and Finance News: (LIVERMORE, Calif.) EPIC Insurance Brokers and Consultants, a retail property, casualty insurance brokerage and employee benefits consultant, announced today that it acquired in an asset sale the book of business of Brokers Insurance Mart, Inc. (BIM) on April 15, 2019.

News: Multi-Flow Industries, LLC is pleased to announce the acquisition of Draft Beer Services of Atlanta, Georgia

Mortgage and Finance News: (PHILADELPHIA, Pa.) Following the acquisition of Lenox Martell (Boston) in 2017, Total Systems Control and Jordan's Draft Services (Pittsburgh) and Main Street Beverage (Philadelphia) in 2018 and now Draft Beer Services of Atlanta, Multi-Flow is able to offer a full range of beverage dispensing and service solutions to its customers in seven new markets.

News: National Lending Industry Leaders, Residential Capital Partners and 2020 REI Group, Join Forces

Mortgage and Finance News: (DALLAS, Texas) Residential Capital Partners is pleased to announce the acquisition of 3L Finance. As a part of the acquisition, Residential Capital Partners is pleased to be the national hard money and rental finance lending partner to 2020 REI Group.

News: seriesOne Acquires Dynamo Development to Accelerate its Global Expansion Efforts and Bring Software Development In-House

Mortgage and Finance News: (NEW YORK, N.Y.) seriesOne Inc., a leading global digital security fundraising platform led by leaders with over 20 years of traditional investment banking, venture capital and technology experience, today announced its acquisition of Dynamo Development, a custom software development company with a mature engineering team based in the Ukraine.

News: EPIC Holdings Inc. Closes Acquisition of Integro USA

Mortgage and Finance News: (SAN FRANCISCO, Calif.) EPIC Holdings, Inc. ('EPIC') today announced the closing of EPIC's acquisition of Integro Holdings Inc. (substantially all of the U.S. operations of Integro Group Holdings). Please see our press release issued on December 17, 2018 that follows for more details and comments on the transaction.

News: CityView Commercial LLC has purchased Southlake Mall in Atlanta, Ga.

Mortgage and Finance News: (MORROW, Ga.) New York based CityView Commercial LLC, led by Jimmy Khezrie and Jack Friedler, has purchased Southlake Mall in Atlanta, Georgia. Jacobs REA led by Sholom Jacobs partnered with CVC in this transaction. The property boasts strong tenant sales with a vibrant lineup of national inline tenants and a high-volume Macy's.

News: Paragon Insurance Holdings, LLC Acquires Argo Landscapers Program

Mortgage and Finance News: (AVON, Conn.) Paragon Insurance Holdings, LLC, a national multi-line specialty program manager, today announced it has contracted with Argo Group International Holdings, Ltd. to assume MGA responsibilities for Argo's Landscape Contracting program, effective January 1, 2019.

News: EPIC Holdings Inc. to Acquire Integro USA

Mortgage and Finance News: (NEW YORK, N.Y.) EPIC Holdings, Inc. today announced an agreement to acquire Integro Holdings Inc., which houses substantially all of the U.S. operations of Integro Group Holdings, LP. Founded in 2005, Integro has built a highly successful specialty insurance brokerage and consulting business in the U.S. with revenue in excess of $150 million.

News: JenCap Holdings LLC to Acquire Risk Innovations, a Specialty Insurance Business

Mortgage and Finance News: (ATLANTA, Ga.) JenCap Holdings LLC (JCH), a specialty insurance business, announced today that it has agreed to acquire privately-held Risk Innovations LLC, a specialty wholesale insurance broker based in Atlanta, Georgia. Financial terms were not disclosed.

News: EPIC Buys Direct Retail Wine Industry Business From Paragon Insurance Holdings

Mortgage and Finance News: (SAN FRANCISCO, Calif.) EPIC Insurance Brokers and Consultants, a retail property, casualty insurance brokerage and employee benefits consultant, announced today the purchase of a retail wine industry book of business from Managing General Agency (MGA) Paragon Insurance Holdings LLC. The accounts in question came to Paragon in the fall of 2017 when they acquired wine industry specialist John Sutak Insurance Brokers, along with two winery programs from the Argo Group.