Olympus Corporation has signed a deal worth up to $340 million to acquire Veran Medical Technologies (VMT), a Missouri-based provider of advanced medical devices specializing in interventional pulmonology. The Japanese optical products company will carry out the acquisition via its subsidiary Olympus Corporation of the Americas (OCA). It is said to be the latest in […]
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 […]
US bank holding companies Enterprise Financial Services (EFSC) and Seacoast Commerce Banc (SCBH) have signed a $156 million worth deal to create a leading small business administration lender (SBA lender) in the country. As per the terms of the all-stock deal, Enterprise Financial Services will acquire Seacoast Commerce Banc for $15.8 per share. The combined […]
Manna Pro Products, a St. Louis-based pet care and nutrition company, has agreed to acquire Doggie Dailies, an online pet brand that sells nutritional supplements and wellness products for dogs. Doggie Dailies is claimed to be among the fastest growing online pet wellness brands, quickly building market share in the increasingly relevant eCommerce channel. The […]
US meat processing company Smithfield Foods will close two more of its meat processing plants at Cudahy, Wisconsin and Martin City, Missouri amid the COVID-19 outbreak. The announcement follows the closure of the company’s pork processing plant in Sioux Falls, South Dakota where over 500 employees contracted coronavirus, reported Fox Business. The US meat processing […]
Missouri-based Ronnoco Beverage Solutions has acquired Houston-based dispensed beverage provider Trident Beverage for an undisclosed price. Established in 2004, Trident Beverage offers a range of beverage and dispenser options to offices, daycares, schools, restaurants, bars and other food venues across the US. Ronnoco Beverage Solutions said that the acquisition of Trident Beverage, which is its […]
Centene Wellcare merger : Missouri-based Centene has wrapped up its previously announced $17.3 billion acquisition of rival US health insurer WellCare Health Plans, based in Florida. The Centene Wellcare merger announcement was made in March 2019 in a move to create a new healthcare enterprise, focused on offering government-sponsored healthcare programs. The Centene Wellcare combination […]
Ameren Corporation, through its subsidiary Ameren Transmission Company of Illinois (ATXI), has commissioned the $267 million Mark Twain Transmission Project in Missouri in an effort to strengthen the energy reliability in the northeast region of the US state. The Mark Twain Transmission Project comprises a 96-mile long, 345,000-volt transmission line and the Zachary substation in Adair […]
EPR Properties, a Missouri-based real estate investment trust (REIT), has sold substantially all of its charter school portfolio, comprising 47 charter school related assets, for nearly $454 million to a fund sponsored by Rosemawr Management. The sale does not include three charter schools that the real estate investment trust sold in Q4 2019 for $21.6 […]
Dunes Point Capital has made an undisclosed investment in Vanguard Packaging, Advanced Logistics & Fulfillment, and Great Plains Packaging (together called Vanguard). Vanguard, which is based in Kansas City, Missouri, is engaged in designing and manufacturing of high graphic corrugated displays, industrial packaging products, and retail-ready packaging. The company with nearly 200 employs also offers […]