Westwood Financial, an American commercial retail real estate investment firm, has announced the sale of the Ahwatukee Mercado grocery-anchored shopping center in Phoenix, Arizona. The shopping center was successfully sold to a private buyer after being held for a period of 3.7 years, resulting in a profitable opportunistic return and an impressive equity multiple of […]
Bancorp 34 (BCTF), the holding company of Bank 34, and CBOA Financial, the holding company of Commerce Bank of Arizona, have signed a $28 million worth all-stock merger deal to create the second largest Arizona-based bank with assets of around $ 1 billion. As per the terms of the deal, CBOA Financial’s shareholders will exchange […]
CrossFirst Bankshares, a Kansas-based bank holding company, has agreed to acquire Canyon Bancorporation, a bank holding company in Arizona, in a stock and cash deal worth $15.1 million. Canyon Bancorporation is the parent company of Canyon Community Bank, while the Nasdaq-listed CrossFirst Bankshares is the parent company of CrossFirst Bank (CFB Bank). Shareholders of Canyon […]
US-based nutritional company Oats Overnight has secured more than $20 million in a Series A funding round. Oats Overnight plans to use the proceeds from the round to increase its retail channel and bring customers directly into the product development process. The company will also use the capital to construct a new 85,000 sq ft […]
Tech24, a US-based provider of repair and maintenance services for foodservice and commercial HVAC equipment, has acquired AmeriCold and Arrowhead Commercial Equipment. The financial terms of the deal were not revealed by Tech24, which is backed by HCI Equity Partners. Doug McCormick — HCI Equity Partners Managing Partner said: “We are very proud of Tech24’s […]
Aura Minerals, through its fully-owned subsidiary, has wrapped up the sale of its indirect fully-owned subsidiary Z79 Resources, which owns the Gold Road mine in Arizona through Gold Road Mining Corp. (GRMC). Gold Road mine is a narrow vein underground gold mine located in the Oatman mining district of northern Arizona. The buyer of the […]
Inszone Insurance Services, a California-based insurance brokerage firm, has acquired Trucking Insurance & Accounting for an undisclosed price. Founded in 2019 in Arizona by Jose Olivares, Trucking Insurance & Accounting was formed with the motive of assisting truckers find the suitable coverages at affordable prices. Trucking Insurance & Accounting is now said to be writing […]
Air Products said that it will construct, own, and operate a green liquid hydrogen production facility in Casa Grande, Arizona, which will have a capacity of 10 metric tons per day. According to the US industrial gases company, the zero-carbon liquid hydrogen plant is likely to be commissioned next year. The facility’s liquid hydrogen product […]
Bowman Consulting Group, a Virginia-based engineering services firm, has agreed to acquire Arizona-based Perry Engineering for an undisclosed price. Established in 2012, Perry Engineering offers civil engineering consulting and land surveying services. Headquartered in Tucson, the company caters to residential, commercial, education, industrial, and healthcare-related projects. It has public as well as private sector clients […]
FTC Solar, a US-based utility-scale solar tracking technology provider, has secured a contract to provide solar trackers to a 504MW DC solar and energy storage project located in Maricopa County, Arizona. Under the terms of the contract, FTC Solar will be supplying its Voyager tracker to Moss Solar, which is an engineering, procurement, and construction […]