Sentinel Net Lease, a Los Angeles-based is a real estate investment firm, has acquired a couple of Schnucks Fresh Foods grocery stores in Illinois for $18.3 million. The first store, which is located in Loves Park, has been acquired for $11.7 million. It has a space of 142,357 sq ft and is located on 15 […]
Celero Commerce, an electronic commerce solutions provider, has acquired TransNational Payments, a provider of electronic payments technology and business management SaaS solutions. The financial terms of the deal were not disclosed. Based in Illinois, TransNational Payments offers credit card processing, mobile payment processing, online payment services, and full service payroll. Following the acquisition, Celero Commerce […]
First Mid Bancshares, the parent company of First Mid Bank & Trust, has agreed to acquire LINCO Bancshares, the holding company for Missouri-based Providence Bank, in a cash-cum-stock deal worth around $144.9 million. Providence Bank is a state-chartered depository trust company with approximately $1.2 billion in assets. It offers community banking and is mainly involved […]
Universal Corporation, a Virginia-based agri-products company, has agreed to acquire Silva International, a natural, specialty dehydrated vegetable, fruit and herb processing company, for $170 million in an all-cash deal. Following the completion of the transaction, Silva International will operate as part of Universal’s plant-based ingredients platform, which includes FruitSmart and Carolina Innovative Food Ingredients (CIFI). […]
EDP Renewables (EDPR), a Spanish renewable energy company, has commissioned its 200MW Harvest Ridge Wind Farm, built with an investment of around $280 million in Douglas County, Illinois. The Harvest Ridge wind project joins six other operational wind farms of EDPR in Illinois to collectively generate enough clean energy to power nearly 412,000 average homes […]
Cordelio Power, a Canadian renewable energy company, has acquired a couple of wind projects under development – the Glacier Sands and Moraine Sands in central Illinois with a combined capacity of more than 350MW. The Glacier Sands and Moraine Sands wind farms have been acquired from Swift Current Energy and are slated to enter into […]
Rochelle Foods is all set to reopen its facility in Rochelle, Illinois which makes grocery, foodservice, and specially-formulated cancer nutrition products, as scheduled on 4 May after a 14-day closure due to the coronavirus pandemic. The food products supplier said that it had completed testing of its team members last week with most of them […]
Global insurance brokerage Arthur J. Gallagher & Co. has acquired Affiliated Benefit Consultants, an Illinois-based benefits consultant, for an undisclosed price, as per the latest insurance acquisition news. Headquartered in Oakbrook, Affiliated Benefit Consultants is said to provide a comprehensive suite of benefits consulting services to clients across the country. Affiliated Benefit Consultants was established in […]
Duravant has agreed to acquire Woodside Electronics Corporation (WECO), a California-based manufacturer of optical color and defect sorting equipment for fruits and vegetables, for an undisclosed price. Based in Illinois, Duravant is an equipment and automation solutions provider that serves the food processing, packaging and material handling sectors. WECO, along with Key Technology, a member […]
CVS Health acquisition of IlliniCare Health Plan : Centene, a US health insurance company, has signed a deal to divest its Illinois health plan subsidiary – IlliniCare Health Plan to CVS Health for an undisclosed amount. The deal is expected to help Centene to speed up the closing of its previously announced $17.3 billion merger […]