Regal Rexnord, a US-based electric motors and power transmission components manufacturer, has agreed to acquire Altra Industrial Motion, in an all-cash transaction valued at $4.95 billion. Based in Braintree, Massachusetts, Altra Industrial Motion designs and manufactures engineered motion control, automation, and power transmission solutions. Under the terms of the deal, shareholders of the NASDAQ-listed Altra […]
ARKO Corp., a NASDAQ-listed convenience store operator, has agreed to acquire Pride Convenience Holdings for around $230 million, excluding the value of inventory. The acquisition of the convenience store operator in Northeast US will be executed by ARKO’s fully-owned subsidiary GPM Investments. As part of the transaction, ARKO will acquire 31 convenience stores, which include […]
Welcome to Business-News-Today.com company profile page on Canton Co-operative Bank profile and Canton Co-operative Bank news and updates. Canton Co-operative Bank is a 100% independent, local and mutual bank in Massachusetts, US. The Bank is fully insured by Federal Deposit Insurance Corporation (FDIC) with certificate number 26450 and the Shore Insurance Fund (SIF). The assigned […]
Eastern Insurance Group, a fully-owned subsidiary of Boston-based Eastern Bank, has acquired the operating assets of the John T. Burns Insurance Agency, an insurance agency based in Newtonville, Massachusetts. John T. Burns Insurance Agency has been family owned and operated since 1892. Steven Oakes — John T. Burns Insurance Agency President said: “We are proud […]
E-commerce giant Amazon has signed an all-cash deal worth around $1.7 billion to acquire NASDAQ-listed consumer robot company iRobot. As per the terms of the deal, Amazon is offering to buy iRobot’s shares for $61 per share. The consideration includes the net debt of iRobot, which is engaged in designing and developing thoughtful robots as […]
The Hilb Group has acquired King and Cushman Agency, an insurance agency based in Northampton, Massachusetts, for an undisclosed price. The deal is said to further grow the footprint of Hilb Group across New England. Ricky Spiro — Hilb Group CEO said: “We are pleased to welcome King and Cushman to the Hilb Group. “With […]
Vanguard Renewables, an American organics-to-renewable energy developer, has been acquired from a fund managed by BlackRock Real Assets from Vision Ridge Partners for an undisclosed price. Based in Wellesley, Massachusetts, Vanguard Renewables develops food and dairy waste-to-renewable energy projects. Founded in 2014, the company has on-farm anaerobic digester facilities, which it owns and operates in […]
Littelfuse, an American industrial technology manufacturing company, has wrapped up the previously announced $540 million acquisition of C&K Switches from an affiliate of Sun Capital Partners. Established in 1928, C&K Switches designs and manufactures high-performance electromechanical switches and interconnect solutions. The company serves a variety of end markets such as industrial, aerospace, transportation, and datacom. […]
French pharma company Ipsen has agreed to acquire Epizyme, a Massachusetts-based commercial-stage biopharma company for an initial consideration of $247 million. Epizyme, which is listed on Nasdaq, is focused on developing and delivering therapies against novel epigenetic targets for patients with different types of cancer. Through the deal, Ipsen gets access to Tazverik (tazemetostat), the […]
Amazon has officially opened its new tech office in Boston, Massachusetts where over 2,000 employees will work on inventing and innovating on behalf of the company’s customers. The Boston Tech Hub of Amazon features new office space, innovation labs, as well as mixed-use common areas. Rohit Prasad — Amazon Alexa senior vice president and head […]