The Allstate Corporation has wrapped up its previously announced $400 million sale of Allstate Life Insurance Company of New York (ALNY) to Wilton Re. The publicly-listed Illinois-based insurance company closed the deal having secured all the necessary regulatory approvals. The deal was announced in March 2021. Mario Rizzo — Chief Financial Officer of Allstate said: […]
Nesco acquisition of CTOS : Indiana-based Nesco Holdings has agreed to acquire heavy equipment solutions provider Custom Truck One Source (CTOS) for $1.475 billion in a move to create a major one-stop-shop specialty rental equipment provider in North America. Both companies have been engaged in offering specialized truck and heavy equipment solutions. These include rental, […]
Blackstone said that funds managed by Blackstone Energy Partners have acquired NRStor C&I, a Toronto-based battery storage solutions developer for an undisclosed price. NRStor, which targets scale storage deployment opportunities across North America, has more than 200 MWh of operational, in-construction and contracted projects in the fast-growing battery storage market. Bilal Khan – Senior Managing […]
Vivint Smart Home, a Blackstone Group-backed US smart home services provider, has agreed to merge with a subsidiary of Mosaic Acquisition, to create a home automation company worth $5.6 billion. Mosaic Acquisition is a special purpose acquisition company of Japanese investment firm SoftBank Group. Founded in 1999, Vivint Smart Home offers a suite of smart […]